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Nonprofit · EIN 59-6046500

FLORIDA INSTITUTE OF TECHNOLOGY INC

Tax-exempt · MELBOURNE, FL 32901

Financials

$211.7M$195.5M2022$222.5M$205.2M2023$237.8M$216.5M2024
Revenue Expenses · by fiscal year end
Financials of FLORIDA INSTITUTE OF TECHNOLOGY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$237,768,004$216,516,225$21,251,779$431,304,510$143,372,274$287,932,236
June 30, 2024990$222,506,045$205,194,552$17,311,493$409,277,325$143,194,222$266,083,103
June 30, 2023990 (amended)$211,689,614$195,508,670$16,180,944$392,515,019$148,928,775$243,586,244
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$24,529,230
of which government grants
$19,645,495
Program service revenue
$197,326,436
Investment income
$14,004,664
Net rental income
$1,347,356
Net gain from sales of assets
$6,867,010
Net income from fundraising events
$236,417
Net income from gaming
$11,168
Other revenue
$1,907,674

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$2,789,974
Other salaries and wages
$92,304,643
Salaries, compensation and benefits (total)
$120,557,546
Professional fundraising fees
$0
Legal fees
$620,553
Accounting fees
$313,860
Occupancy
$17,897,157
Travel
$2,530,031
Depreciation
$13,841,370
Program services (functional)
$133,387,066
Management and general (functional)
$80,583,930
Fundraising (functional)
$2,545,229

Balance sheet and other

Total assets, start of year
$409,277,325
Total assets, end of year
$431,304,510
Total liabilities, end of year
$143,372,274
Net assets, end of year
$287,932,236
Land, buildings and equipment
$225,255,366
Net assets without donor restrictions
$187,915,794
Net assets with donor restrictions
$100,016,442
Gross unrelated business income
$2,104,040
Gross receipts
$389,798,545
Employees
2,975
Volunteers
34
Year formed
1958
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.

NameTitleHours / weekCompensationOther / benefits
DR JOHN NICKLOWPRESIDENT
Officer
40$730,067$23,170
MARCO CARVALHOEXECUTIVE DI
Highest-paid employee
40$386,986$24,942
JOHN HARRISDEAN
Highest-paid employee
40$351,584$25,800
HAMID RASSOULSR. ASSOC. P
Highest-paid employee
40$323,013$23,660
RATAN JHAPROFESSOR
Highest-paid employee
40$270,194$19,161
JOHN KISSSVP ACADEMIC
Key employee
40$254,571$16,110
LINXIA GUDEPT. HEAD/P
Highest-paid employee
40$236,847$13,698
BRIAN EHRLICHVP ENROLLMEN
Key employee
40$224,156$20,806
WES SUMMERVP EXTERNAL
Key employee
40$220,160$19,305
CASSIE PERICAKVP OF PHILAN
Key employee
40$215,574$12,125
AMANDA MOSKECHIEF DATA O
Key employee
40$177,603$15,123
DR RAYMOND A ARMSTRONGTRUSTEE EMER
Trustee or director
2$0$0
DR RICHARD N BANEYTRUSTEE EMER
Trustee or director
2$0$0
MR JOESPH CARUSOTRUSTEE EMER
Trustee or director
2$0$0
DR RITA H CHENGTRUSTEE
Trustee or director
2$0$0
18 more people on this return
NameTitleHours / weekCompensation
MR DALE A DETTMERTRUSTEE
Trustee or director
2$0
MR FRANK DIBELLOTRUSTEE
Trustee or director
2$0
MS KIRSTEN DREGGORSTRUSTEE
Trustee or director
2$0
MS BOBBIE DYERTRUSTEE
Trustee or director
2$0
MS JILL A EANESTRUSTEE
Trustee or director
2$0
MR JOSEPH M FLAMMIOTRUSTEE EMER
Trustee or director
2$0
MR WILLIAM J GUYANTRUSTEE
Trustee or director
2$0
MR RICHARD P MCNEIGHTTRUSTEE
Trustee or director
2$0
MR KENDALL T MOORETRUSTEE
Trustee or director
2$0
MR WILLIAM R MUNSTRUSTEE
Trustee or director
2$0
MR ROBERT L PHEBUSTRUSTEE
Trustee or director
2$0
MR WILLIAM C POTTERTRUSTEE EMER
Trustee or director
2$0
MR ALAN L PRESTWOODTRUSTEE
Trustee or director
2$0
MR D TRAVIS PROCTORTRUSTEE
Trustee or director
2$0
MR JAMES E PRUITTTRUSTEE EMER
Trustee or director
2$0
MR MICHAEL SCAFATITRUSTEE
Trustee or director
2$0
MRS ELIZABETH J SWANNTRUSTEE
Trustee or director
2$0
MRS KELLE B WENDLINGTRUSTEE
Trustee or director
2$0
990 for the year ended June 30, 2024: 34 people
NameTitleHours / weekCompensationOther / benefits
MARCO CARVALHOEXECUTIVE DI
Highest-paid employee
40$581,813$24,591
MR ROBERT KINGINTERIM PRES
Officer
40$360,150$13,661
JOHN HARRISDEAN
Highest-paid employee
40$339,432$24,437
HAMID RASSOULINTERIM PROV
Key employee
40$299,720$20,089
DR JOHN NICKLOWPRESIDENT
Officer
40$296,848$16,104
GARY GRANTVP ADVANCEME
Key employee
40$281,538$21,736
MUNEVVER SUBASIASSOCIATE PR
Highest-paid employee
40$230,011$15,517
BRIAN LESLIEVP OPERATION
Key employee
40$223,436$19,120
RICHARD ARONSONDEPT. HEAD/P
Highest-paid employee
40$222,777$19,121
LINXIA GUDEPT. HEAD/P
Highest-paid employee
40$218,116$12,447
BRIAN EHRLICHVP ENROLLMEN
Key employee
40$202,579$24,599
RYAN PETERSENGENERAL COUN
Key employee
40$206,216$15,544
WES SUMMERVP EXTERNAL
Key employee
40$188,025$17,316
JESSICA VINSONVP HUMAN RES
Key employee
40$178,485$10,800
DR RAYMOND A ARMSTRONGTRUSTEE EMER
Trustee or director
2$0$0
DR RICHARD N BANEYTRUSTEE EMER
Trustee or director
2$0$0
MR JOESPH CARUSOTRUSTEE EMER
Trustee or director
2$0$0
DR RITA H CHENGTRUSTEE
Trustee or director
2$0$0
MR DALE A DETTMERTRUSTEE
Trustee or director
2$0$0
MS KIRSTEN DREGGORSTRUSTEE
Trustee or director
2$0$0
MS BOBBIE DYERTRUSTEE
Trustee or director
2$0$0
MS JILL A EANESTRUSTEE
Trustee or director
2$0$0
MR JOSEPH M FLAMMIOTRUSTEE EMER
Trustee or director
2$0$0
MR WILLIAM J GUYANTRUSTEE
Trustee or director
2$0$0
MR RICHARD P MCNEIGHTTRUSTEE
Trustee or director
2$0$0
MR KENDALL T MOORETRUSTEE
Trustee or director
2$0$0
MR WILLIAM R MUNSTRUSTEE
Trustee or director
2$0$0
MR ROBERT L PHEBUSTRUSTEE
Trustee or director
2$0$0
MR WILLIAM C POTTERTRUSTEE EMER
Trustee or director
2$0$0
MR ALAN L PRESTWOODTRUSTEE
Trustee or director
2$0$0
MR D TRAVIS PROCTORTRUSTEE
Trustee or director
2$0$0
MR JAMES E PRUITTTRUSTEE EMER
Trustee or director
2$0$0
MR MICHAEL SCAFATITRUSTEE
Trustee or director
2$0$0
MRS ELIZABETH J SWANNTRUSTEE
Trustee or director
2$0$0
990 for the year ended June 30, 2023: 42 people
NameTitleHours / weekCompensationOther / benefits
MARCO CARVALHOEVP/ PROVOST
Key employee
40$442,056$36,625
T DWAYNE MCCAYFORMER PRESI
Officer
40$400,902$24,657
ALBINO CAMPANINISVP STUDENT
Key employee
40$306,570$7,625
GARY GRANTSVP ADVANCEM
Key employee
40$279,865$27,225
HAMID RASSOULDISTINGUISHE
Highest-paid employee
40$247,803$28,899
MR ROBERT KINGINTERIM PRES
Officer
40$260,665$12,732
HECTOR GUTIERREZPROFESSOR
Highest-paid employee
40$215,253$30,942
MICHAEL JONESCFO THRU AUG
Key employee
40$218,223$23,741
RICHARD ARONSONPROFESSOR/DE
Highest-paid employee
40$209,306$32,155
BRIAN LESLIEVP FACILITIE
Key employee
40$202,771$32,019
DANIEL KIRKPROFESSOR
Highest-paid employee
40$212,019$22,502
MICHAEL KINGASSOCIATE PR
Highest-paid employee
40$200,517$24,354
BRIAN EHRLICHVP ENROLLMEN
Key employee
40$192,079$31,559
THEODORE RICHARDSONDEAN
Key employee
40$196,542$17,494
KATHLEEN MCDERMOTTCFO
Officer
40$62,500$0
DR RAYMOND A ARMSTRONGTRUSTEE EMER
Trustee or director
2$0$0
DR RICHARD N BANEYTRUSTEE EMER
Trustee or director
2$0$0
MR JOSEPH CARUSOTRUSTEE
Trustee or director
2$0$0
MR BRIAN CRANETRUSTEE
Trustee or director
2$0$0
MR DALE DETMERTRUSTEE
Trustee or director
2$0$0
MS KRISTEN DREGGORSTRUSTEE
Trustee or director
2$0$0
MS BOBBIE DYERTRUSTEE
Trustee or director
2$0$0
MR JOSEPH M FLAMMIOTRUSTEE EMER
Trustee or director
2$0$0
MR DOUG FLUTIETRUSTEE
Trustee or director
2$0$0
MR THOMAS FOLLIARDTRUSTEE
Trustee or director
2$0$0
MR STEVEN FREEMANTRUSTEE
Trustee or director
2$0$0
MS DANA KILBORNETRUSTEE
Trustee or director
2$0$0
MR RICHARD P MCNEIGHTTRUSTEE
Trustee or director
2$0$0
MR KENDALL T MOORETRUSTEE
Trustee or director
2$0$0
MR WILLIAM R MUNSTRUSTEE
Trustee or director
2$0$0
MR ROBERT L PHEBUSTRUSTEE
Trustee or director
2$0$0
MR RICHARD R PORTERTRUSTEE
Trustee or director
2$0$0
MR WILLIAM C POTTERTRUSTEE EMER
Trustee or director
2$0$0
MR ALAN L PRESTWOODTRUSTEE
Trustee or director
2$0$0
MR D TRAVIS PROCTORTRUSTEE
Trustee or director
2$0$0
MR JAMES E PRUITTTRUSTEE EMER
Trustee or director
2$0$0
MR MICHAEL SCAFATITRUSTEE
Trustee or director
2$0$0
MR SCOTT J SEYMOURTRUSTEE
Trustee or director
2$0$0
MRS ELIZABETH J SWANNTRUSTEE
Trustee or director
2$0$0
MR VIKRAM VERMATRUSTEE
Trustee or director
2$0$0
MR TIM WAKEFIELDTRUSTEE
Trustee or director
2$0$0
MR DAVID WELDONTRUSTEE
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
150 W UNIVERSITY BLVD, MELBOURNE, FL 32901-8995
Mailing address (990-N for 2020)
13119 CANOPY CREEK DR, TAMPA FL 33625
Principal officer (990 for 2024)
DR JOHN NICKLOW, 150 W UNIVERSITY BLVD, MELBOURNE, FL 32901
Principal officer (990-N for 2020)
Pragati Ghimire Aryal, 13119 CANOPY CREEK DR, TAMPA FL 33625
Signed the 990
KIMBERLY WILLIAMS, CFO
Phone
(321) 662-7297
Return prepared by
DOEREN MAYHEW

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.

990 for the year ended June 30, 2025

Program accomplishments

  • INSTRUCTION AND ACADEMIC SUPPORT THE UNIVERSITY INSTRUCTED 3,677 UNDERGRADUATE, 958 GRADUATE AND 466 DOCTORATE STUDENTS ON CAMPUS AND OFF CAMPUS SITES. IN ADDITION, THERE WERE 4,762 ONLINE STUDENTS IN UNDERGRADUATE, GRADUATE AND DOCTORAL PROGRAMS. THE UNIVERSITY OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS IN THE FOLLOWING FIELDS OF STUDY: AERONAUTICS AND AVIATION, BUSINESS AND MANAGEMENT, PSYCHOLOGY AND BEHAVIOR ANALYSIS, ARTS AND COMMUNICATION, ENGINEERING, SCIENCE AND MATHEMATICS, COMPUTING, PREMED.
    Expenses $91,004,344 · revenue $163,957,336
  • STUDENT SERVICES, AUXILLARY ENTERPRISES AND OTHER REVENUES MAJOR SERVICES PROVIDED ARE HOUSING AND DINING. IN ADDITION, CAMPUS LIFE REVOLVES AROUND THE CLEMENTE CENTER FOR SPORTS AND RECREATION, THE DENIUS STUDENT CENTER AND PANTHER PLAZA. STUDENTS PARTICIPATE IN A WIDE VARIETY OF INTRAMURAL SPORTS, MORE THAN 100 STUDENT ORGANIZATIONS AND 15 INTERCOLLEGIATE SPORTS. FROM GREEK LIFE TO THE COLLEGE PLAYERS THEATRICAL ORGANIZATION, STUDENTS ARE ACTIVELY INVOLVED IN THE LIFE OF THE CAMPUS COMMUNITY.
    Expenses $42,382,722 · revenue $33,369,100

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
59-6046500
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1960
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B430)
Assets (IRS master file)
$431,304,510
Income (IRS master file)
$389,798,545

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$237,768,004$216,516,225$431,304,510XML
990-TJune 2025–––IRS
990June 2024$222,506,045$205,194,552$409,277,325XML
990-TJune 2024–––IRS
990June 2023$211,689,614$195,508,670$392,515,019XML
990-TJune 2023–––IRS
990June 2022$211,905,030$178,859,614$365,997,588IRS
990-TJune 2022–––IRS
990-N for 2020
Officer: Pragati Ghimire Aryal
June 30, 2021≤ $50,000 receipts––e-Postcard
990June 2021–––IRS
990-TJune 2021–––IRS
990April 2020–––IRS
990-N for 2018
Officer: Molly Blackford
April 30, 2019≤ $50,000 receipts––e-Postcard
990April 2019–––IRS
990April 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 59-6046500).

Questions about FLORIDA INSTITUTE OF TECHNOLOGY INC

What is the EIN of FLORIDA INSTITUTE OF TECHNOLOGY INC?
The employer identification number (EIN) of FLORIDA INSTITUTE OF TECHNOLOGY INC is 59-6046500.
Is FLORIDA INSTITUTE OF TECHNOLOGY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1960.
Are donations to FLORIDA INSTITUTE OF TECHNOLOGY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FLORIDA INSTITUTE OF TECHNOLOGY INC 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 FLORIDA INSTITUTE OF TECHNOLOGY INC 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 FLORIDA INSTITUTE OF TECHNOLOGY INC 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 FLORIDA INSTITUTE OF TECHNOLOGY INC?
The 990 for the year ended June 30, 2025 names DR JOHN NICKLOW.
Who are the officers and directors of FLORIDA INSTITUTE OF TECHNOLOGY INC?
The 990 for the year ended June 30, 2025 lists 33 people; 11 received compensation from the organization, the highest $730,067 (DR JOHN NICKLOW, PRESIDENT).
How much revenue does FLORIDA INSTITUTE OF TECHNOLOGY INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $237,768,004, expenses of $216,516,225 and total assets of $431,304,510 at year end.

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