Florida Memorial University Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Education - Florida Memorial University endeavors to instill in students the importance of becoming global citizens through lifelong learning, leadership, character, and service, which will enhance their lives and the lives of others.
- Income
- $45.5 million
- Spending
- $47.2 million
- Spent on programs
- 70%
- Reserves
- 3 months of spending
- Largest source of income
- fees for its services, 68%
- Employees
- 405
- Highest pay
- $248,287, president
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 74 out of 100. Higher than 66% of charities in its peer group (education, $10m to $100m).
Reserves
20 of 35Spendable reserves would cover 3.0 months of spending.
Debt
16 of 20It owes 19% of what it owns.
Living within its means
8 of 15Spending exceeded income by 4% of income.
Income trend
15 of 15Income rose 2% on the year before.
Spending floor
15 of 1570% of spending went to programs and raising each dollar of donations cost 5 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 90 out of 100. Higher than 25% of charities in its peer group (education, $10m to $100m).
Independent board
25 of 2519 of 19 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (5)
- $11.7 million spent. Education, General/Other: Institutional Support. Infrastructure to support the University and carryout it's primary goal of educating students. (~1156 students).Includes auxiliary expenses, business & fiscal, and presidents office under Depts. 100, 300, & 500 as well. Also includes student aid & discounts (shown contrarevenuein financial statements).
- $10.8 million spent. Grants & Other Assistance program: provides some Academic Instructional services that instruct and educate students, provide monitoring and consulting by the professors; it also provides Scholarships to students that would otherwise have no other means to continue their education. The funds also provides for community outreach and services, providing interaction with the students, community and the FMU community as a whole.
- $4.9 million spent. Student Services Programs: Support services and activities surrounding students. The University has approximately 1156 students.
- $3.3 million spent. Instructional: The University offers programs designed to liberally educate students in a postindustrial, high technology society. There are educational programsthrough the Divisions of Airway and Computer Sciences, Business Administration, Education and Humanities, Natural Sciences, Mathematics, Social Sciences, and thenondegree General College Division and Division of Lifelong Learning.
- $2.4 million spent. Academic Support: Educational Delivery; General & Other: Support Staff (Deans, secretaries, and administration) to carry out the functional support duties of theinstructional unit (~1156 students).
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 1943.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.