Nonprofit · EIN 20-1226494
UNIVERSITY OF FLORIDA INVESTMENT CORPORATION
Tax-exempt · GAINESVILLE, FL 32601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,254,192 | $6,670,257 | -$416,065 | $7,319,079 | $7,213,436 | $105,643 |
| June 30, 2024 | 990 | $6,274,953 | $6,007,923 | $267,030 | $8,197,825 | $7,676,117 | $521,708 |
| June 30, 2023 | 990 | $6,561,111 | $6,382,051 | $179,060 | $8,723,162 | $8,468,484 | $254,678 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $6,157,310
- Investment income
- $96,882
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $2,109,105
- Other salaries and wages
- $2,835,408
- Salaries, compensation and benefits (total)
- $5,533,677
- Professional fundraising fees
- $0
- Accounting fees
- $25,195
- Occupancy
- $106,951
- Travel
- $178,697
- Depreciation
- $169,689
- Program services (functional)
- $5,628,885
- Management and general (functional)
- $1,041,372
Balance sheet and other
- Total assets, start of year
- $8,197,825
- Total assets, end of year
- $7,319,079
- Total liabilities, end of year
- $7,213,436
- Net assets, end of year
- $105,643
- Land, buildings and equipment
- $2,920,104
- Gross receipts
- $6,254,192
- Employees
- 13
- Volunteers
- 12
- Year formed
- 2004
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WILLIAM S REESER | CEO/CIO/PRESIDENT UNTIL 1/1/25 Officer | 50 | $1,317,266 | $0 | $190,698 |
| BRIAN C MAWDSLEY | DEPUTY CIO Highest-paid employee | 50 | $804,452 | $0 | $144,499 |
| ROBERT THORNTON | EX-OFFICIO MEMBER UNTIL 2/2025 Trustee or director | 1 | $0 | $815,755 | $26,437 |
| SABY MITRA | EX-OFFICIO MEMBER Trustee or director | 1 | $0 | $557,890 | $58,601 |
| TAYLOR JANTZ | EX-OFFICIO MEMBER UNTIL 2/2025 Trustee or director | 1 | $0 | $473,720 | $131,914 |
| EDWARD A KELLY | COO/VICE PRESIDENT Officer | 50 | $494,145 | $0 | $90,057 |
| WILLIAM C TWIBLE | INVESTMENT DIRECTOR Highest-paid employee | 50 | $439,394 | $0 | $92,556 |
| JEFFREY FURST | INVESTMENT DIRECTOR Highest-paid employee | 50 | $436,200 | $0 | $92,556 |
| DAVID CHRISTIE | EX-OFFICIO MEMBER Trustee or director | 1 | $0 | $316,249 | $54,380 |
| BRENNAN BUBP | SENIOR INVESTMENT ANALYST Highest-paid employee | 50 | $227,402 | $0 | $56,182 |
| DANIEL LEE | SENIOR INVESTMENT ANALYST Highest-paid employee | 50 | $201,795 | $0 | $40,907 |
| JAMES W HEAVENER | EX-OFFICIO MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM WALTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| FERNANDO DONAYRE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DOUGLAS J FREE | BOARD CHAIR Trustee or director | 1 | $0 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REBECCA PATTERSON | BOARD MEMBER Trustee or director | 1 | $0 |
| LINDSAY LEE | BOARD MEMBER Trustee or director | 1 | $0 |
| NICK KOZLOV | BOARD MEMBER BEGIN 2/2025 Trustee or director | 1 | $0 |
| GEOFF GARDNER | BOARD MEMBER BEGIN 2/2025 Trustee or director | 1 | $0 |
| ROBERT COUSIN | VICE CHAIR Trustee or director | 1 | $0 |
| SCOTT FRIEDMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| MARK L BAUMGARTNER | CEO/CIO/PRESIDENT BEGIN 1/1/25 Officer | 50 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WILLIAM S REESER | CEO/CIO/PRESIDENT Officer | 50 | $1,604,952 | $0 | $252,169 |
| BRIAN C MAWDSLEY | DEPUTY CIO Highest-paid employee | 50 | $881,397 | $0 | $183,109 |
| ROBERT THORNTON | BOARD MEMBER Trustee or director | 1 | $0 | $617,796 | $35,191 |
| EDWARD A KELLY | COO/VICE PRESIDENT Officer | 50 | $510,025 | $0 | $102,544 |
| SABY MITRA | BOARD MEMBER Trustee or director | 1 | $0 | $550,828 | $53,045 |
| JEFFREY FURST | INVESTMENT DIRECTOR Highest-paid employee | 50 | $455,306 | $0 | $106,559 |
| WILLIAM C TWIBLE | INVESTMENT DIRECTOR Highest-paid employee | 50 | $456,642 | $0 | $92,701 |
| DAVID CHRISTIE | BOARD MEMBER Trustee or director | 1 | $0 | $307,168 | $52,427 |
| BRENNAN BUBP | SENIOR INVESTMENT ANALYST Highest-paid employee | 50 | $230,436 | $0 | $60,776 |
| TAYLOR JANTZ | BOARD MEMBER AS OF 4/2024 Trustee or director | 1 | $0 | $239,014 | $20,083 |
| JAMES D HUMPHRIES | INVESTMENT OPERATIONS DIRE Highest-paid employee | 50 | $166,740 | $0 | $38,645 |
| JAMES W HEAVENER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM WALTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| FERNANDO DONAYRE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DOUGLAS J FREE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| REBECCA PATTERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT J COUSIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT J FRIEDMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LINDSAY LEE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ALEX C SMITH | BOARD MEMBER UNTIL 5/2024 Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WILLIAM S REESER | CEO/CIO/PRESIDENT Officer | 50 | $1,602,531 | $0 | $284,324 |
| BRIAN C MAWDSLEY | DEPUTY CIO Highest-paid employee | 50 | $950,959 | $0 | $201,827 |
| CHRISTOPHER COWEN | BOARD MEMBER Trustee or director | 1 | $0 | $748,858 | $102,891 |
| EDWARD A KELLY | COO/VICE PRESIDENT Officer | 50 | $548,620 | $0 | $109,783 |
| JEFFREY FURST | INVESTMENT DIRECTOR Highest-paid employee | 50 | $493,546 | $0 | $115,176 |
| WILLIAM C TWIBLE | INVESTMENT DIRECTOR Highest-paid employee | 50 | $498,183 | $0 | $102,336 |
| SABY MITRA | BOARD MEMBER, AS OF 7/2022 Trustee or director | 1 | $0 | $534,031 | $51,784 |
| ROBERT THORNTON | BOARD MEMBER, AS OF 12/2022 Trustee or director | 1 | $0 | $520,133 | $33,118 |
| DAVID CHRISTIE | BOARD MEMBER, AS OF 12/2022 Trustee or director | 1 | $0 | $277,061 | $50,836 |
| BRENNAN BUBP | SENIOR INVESTMENT ANALYST Highest-paid employee | 50 | $249,456 | $0 | $74,471 |
| JAMES D HUMPHRIES | INVESTMENT OPERATIONS DIRECTOR Highest-paid employee | 50 | $161,658 | $0 | $36,586 |
| JAMES W HEAVENER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM WALTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| FERNANDO DONAYRE | BOARD MEMBER, AS OF 12/2022 Trustee or director | 1 | $0 | $0 | $0 |
| BRIAN T LEVINE | BOARD MEMBER, UNTIL 11/2022 Trustee or director | 1 | $0 | $0 | $0 |
| DOUGLAS J FREE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| REBECCA PATTERSON | BOARD MEMBER, AS OF 3/2023 Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT J COUSIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SCOTT J FRIEDMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LINDSAY LEE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ALEX C SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 800 SW 2ND AVE STE 300, GAINESVILLE, FL 32601-6295
- In care of
- % MICHAEL W FORD
- Principal officer (990 for 2024)
- EDWARD KELLY, 800 SW 2ND AVENUE 300, GAINESVILLE, FL 326016295
- Signed the 990
- EDWARD KELLY, COO/VICE PRESIDENT
- Phone
- (352) 392-1693
- Website
- UFICO.UFL.EDU
- Return prepared by
- JAMES MOORE & CO PL
Mission
THE PURPOSE OF THIS CORPORATION IS TO PROMOTE THE EDUCATIONAL PURPOSES OF THE UNIVERSITY OF FLORIDA BY PROVIDING INVESTMENT RESEARCH, ADVICE, COUNSEL AND MANAGEMENT TO AND FOR THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES, A PUBLIC BODY CORPORATE, AND SUCH AFFILIATED CORPORATIONS AS THE BOARD OF TRUSTEES OF THE UNIVERSITY OF FLORIDA MAY DESIGNATE, PROVIDED THAT SUCH ORGANIZATIONS FURTHER THE EDUCATIONAL PURPOSES OF THE UNIVERSITY OF FLORIDA AND ARE ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS NOW IN FORCE OR HEREAFTER AMENDED.
Program accomplishments
- THE ORGANIZATION PROVIDED INVESTMENT RESEARCH, ADVICE, COUNSEL AND MANAGEMENT TO THE UNIVERSITY OF FLORIDA AND THREE OTHER AFFILIATE ORGANIZATIONS RELATED TO THE UNIVERSITY OF FLORIDA. DURING THE YEAR, THE ORGANIZATION MANAGED ASSETS OF $6,865,764,255 FOR THESE ORGANIZATIONS.Expenses $5,628,885 · revenue $6,157,310
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-1226494
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2006
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B024)
- Assets (IRS master file)
- $7,319,079
- Income (IRS master file)
- $6,254,192
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,254,192 | $6,670,257 | $7,319,079 | XML |
| 990 | June 2024 | $6,274,953 | $6,007,923 | $8,197,825 | IRS |
| 990 | June 2023 | $6,561,111 | $6,382,051 | $8,723,162 | XML |
| 990 | June 2022 | $6,286,501 | $6,207,722 | $8,667,146 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1226494).
Questions about UNIVERSITY OF FLORIDA INVESTMENT CORPORATION
- What is the EIN of UNIVERSITY OF FLORIDA INVESTMENT CORPORATION?
- The employer identification number (EIN) of UNIVERSITY OF FLORIDA INVESTMENT CORPORATION is 20-1226494.
- Is UNIVERSITY OF FLORIDA INVESTMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to UNIVERSITY OF FLORIDA INVESTMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does UNIVERSITY OF FLORIDA INVESTMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNIVERSITY OF FLORIDA INVESTMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY OF FLORIDA INVESTMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of UNIVERSITY OF FLORIDA INVESTMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names EDWARD KELLY.
- Who are the officers and directors of UNIVERSITY OF FLORIDA INVESTMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 22 people; 7 received compensation from the organization, the highest $1,317,266 (WILLIAM S REESER, CEO/CIO/PRESIDENT UNTIL 1/1/25).
- How much revenue does UNIVERSITY OF FLORIDA INVESTMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,254,192, expenses of $6,670,257 and total assets of $7,319,079 at year end.
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