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Florida · Nonprofit

FIU ATHLETICS FINANCE CORPORATION

FIU ATHLETICS FINANCE CORPORATION (Florida) receives grants from 2 organizations whose IRS filings report $35 to it, the largest being ASSURANT FOUNDATION ($25). 1 of them have funded it in more than one year.

Revenue FY2025
$7.0M
Funders on record
2
Grants received
$35
Net assets
$-3307653
1/2 repeat funderspeak grant-dependency 0%
01What it does

What Fiu Athletics Finance Corporation does

Mission

The fiu athletics corporation was organized to facilitate the financing of projects related to the fiu football stadium. The corporation provides direct support in matters pertaining to initially the financing of the fiu football stadium and subsequently managing and operating of the facility and has been designated by the fiu board of trustees as a university direct support organization pursuant to section 1004.28 florida statutes.

As stated on its FY2025 Form 990.

Program

  1. The organization is a florida not-for-profit, a direct support organization and a component unit of florida international university (fiu) formed to facilitate the financing of projects related to the fiu football stadium and facility operations and management.

    $6,096,413 spentof which $2,150,483 as grants
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $6,096,413.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($4.0M) Expenses 100 ($5.7M)2018 Revenue 101 ($4.1M) Expenses 68 ($3.9M)2019 Revenue 104 ($4.2M) Expenses 60 ($3.4M)2020 Revenue 106 ($4.3M) Expenses 67 ($3.9M)2021 Revenue 103 ($4.1M) Expenses 68 ($3.9M)2022 Revenue 136 ($5.5M) Expenses 66 ($3.8M)2023 Revenue 142 ($5.7M) Expenses 107 ($6.1M)2024 Revenue 156 ($6.3M) Expenses 107 ($6.1M)2025 Revenue 174 ($7.0M) Expenses 107 ($6.1M)
'17'18'19'20'21'22'23'24'25
Revenue (174)Expenses (107)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $20M to $18M (−9%).

$25M
$24M
$23M
$22M
$21M
$21M
$20M
$18M
$18M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

97% of FIU ATHLETICS FINANCE CORPORATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (48% for the typical peer).

This organization
Typical peer · 12,352 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.

−$1.7M
’17
$227k
’18
$809k
’19
$448k
’20
$226k
’21
$1.7M
’22
−$397k
’23
$173k
’24
$914k
’25
0.5
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Rogelio Tovar

Chairman, until 6/2025

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed899988988
Joined·+3+3+0+1+1+2+0+0
No longer listed·23021110
03Who funds it

Who funds it, year by year

2020 → 2023: the base held at 1 funder, grant income rose $5 → $25.

Funder
'20
'21
'23
total
funders
1
1
1

1 of 2 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 29% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of FIU ATHLETICS FINANCE CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

FIU ATHLETICS FINANCE CORPORATION leans on a few funders — its largest provides 71% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

29% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund FIU ATHLETICS FINANCE CORPORATION.

71%
largest funder
100%
top three
~2
effective funders

Largest funder’s share by year: 2020 100% · 2021 100% · 2023 100% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

FIU ATHLETICS FINANCE CORPORATION draws 100% of its grant income from funders outside Florida, across 1 state in all.

GA

Funder states come from each funder’s own filing. $10 arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

FIU ATHLETICS FINANCE CORPORATION runs a healthier operating margin than half of the 9,398 education nonprofits its size.

Operating margin13% · above the median
Months of reserve0.5mo · bottom quartile
Revenue growth (annualized)7% · below the median

this organization peer median middle 50% of peers· 9,398 education nonprofits $1M–$10M, FY2025

Organizations like FIU ATHLETICS FINANCE CORPORATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Florida

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

99% of spending goes to programs.

Program 99%Management 1%Fundraising 0%

Governance

6
board members
50%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

98%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Part of a family of 1 related entity

  • Florida International University · exempt

Screen this organization

A dated, signed PDF of the compliance screen for FIU ATHLETICS FINANCE CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds FIU ATHLETICS FINANCE CORPORATION?
FIU ATHLETICS FINANCE CORPORATION (Florida) receives grants from 2 organizations whose IRS filings report $35 to it, the largest being ASSURANT FOUNDATION ($25). 1 of them have funded it in more than one year.
How many funders does FIU ATHLETICS FINANCE CORPORATION have?
IRS filings report 2 organizations giving $35 in grants to FIU ATHLETICS FINANCE CORPORATION, 1 of which have funded it in more than one year.
Who is the largest funder of FIU ATHLETICS FINANCE CORPORATION?
ASSURANT FOUNDATION is the largest funder on record, with $25 in grants. The full list of funders is on this page.
How can an organization like FIU ATHLETICS FINANCE CORPORATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Florida. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing