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Florida Institute of Technology Inc.

Florida Institute of Technology Inc.

Melbourne, FL 32901
Tax ID59-6046500

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About this organization

Revenue

$197,104,830

Expenses

$185,993,835

Website

fit.edu

Mission

Florida Institute of Technology's mission is to provide high-quality education to a culturally diverse student body in order to prepare students for entering the global workforce, seeking higher-education opportunities, and serving within their communities. The University also seeks to expand knowledge through basic and applied research and to serve the diverse economic, cultural, and societal needs of our local, state, national and international constituencies.

About

Instruction and academic support the University instructed 3,680 undergraduate, 2,024 graduate students and 587 doctorate students on-campus, in addition to 2,310 online students in undergraduate and graduate programs. The University offers undergraduate and graduate programs in the following fields of study: aeronautics, business, engineering, psychology and liberal arts, science and aviation.

Interesting data from their 2020 990 filing

According to the filing, the non-profit's mission is “Florida institute of technology's mission is to provide high-quality education to a culturally diverse student body in order to prepare students for entering the global workforce, seeking higher-education opportunities, and serving within their communities. the university also seeks to expand knowledge through basic and applied research and to serve the diverse economic, cultural, and societal needs of our local, state, national and international constituencies.”.

When referring to its actions, they were described as: “Florida institute of technology's mission is to provide high-quality education to a culturally diverse student body in order to prepare students for entering the global workforce, seeking higher-education opportunities, and serving within their communities. the university also seeks to expand knowledge through basic and applied research and to serve the diverse economic, cultural, and societal needs of our local, state, national and international constituencies.”.

  • According to the law, the state of operation reported by the non-profit is FL.
  • As per the filing, the address of the non-profit for 2020 is 150 W UNIVERSITY BLVD, MELBOURNE, FL, 32901.
  • According to their form, the non-profit as of 2020 has a total of 3506 employees.
  • Does not operate a hospital.
  • Operates a school.
  • Collects art.
  • Does not provide credit counseling.
  • Has foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $11,110,995.
  • The CEO compensation plan of the organization is determined by an independent party's review and approval.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 32 independent voting members.
  • The organization was formed in 1958.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization engages in lobbying activities.
  • The organization pays $110,004,834 in salary, compensation, and benefits to its employees.
  • The organization pays $4,996,126 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization has fundraising events.
  • The organization's financial statements were reviewed by an accountant.

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