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Filing year 2023

FLORIDA INSTITUTE OF TECHNOLOGY INC

Melbourne, Florida·EIN 59-6046500·NTEE B430 · Education·501(c)(3)
Total revenue
$222.5M
Total assets
$409.3M
Total expenses
$205.2M
Reported officers
34
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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 14 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in Florida.

Executive Di
Above 90th percentile
$606k
$662k
Base
$403k
Bonus
$110k
Other
$68k
Benefits
$8k
Interim Pres
Officer (Unspecified)
$374k
$408k
Base
$279k
Bonus
$75k
Other
$6k
Benefits
$31
Dean
Highest Compensated Employee
Above 90th percentile
$364k
$397k
Base
$339k
Bonus
Other
Benefits
$8k
Interim Prov
Key Employee
Above 90th percentile
$320k
$349k
Base
$290k
Bonus
$10k
Other
Benefits
$6k
President
Above 90th percentile
$313k
$342k
Base
$267k
Bonus
Other
$30k
Benefits
$3k
VP Advanceme
Board Vice President
75th to 90th percentile
$303k
$331k
Base
$276k
Bonus
Other
$5k
Benefits
$8k
Associate PR
Highest Compensated Employee
75th to 90th percentile
$246k
$268k
Base
$230k
Bonus
Other
Benefits
$8k
VP Operation
Board Vice President
75th to 90th percentile
$243k
$265k
Base
$223k
Bonus
Other
Benefits
$8k
Dept. Head/p
Highest Compensated Employee
75th to 90th percentile
$242k
$264k
Base
$223k
Bonus
Other
Benefits
$8k
Dept. Head/p
Highest Compensated Employee
75th to 90th percentile
$231k
$252k
Base
$215k
Bonus
$3k
Other
Benefits
$2k
VP Enrollmen
Board Vice President
75th to 90th percentile
$227k
$248k
Base
$203k
Bonus
Other
Benefits
$14k
General Coun
Key Employee
75th to 90th percentile
$222k
$242k
Base
$199k
Bonus
$7k
Other
Benefits
$7k
VP External
Board Vice President
Median to 75th percentile
$205k
$224k
Base
$188k
Bonus
Other
Benefits
$8k
VP Human Res
Board Vice President
Median to 75th percentile
$189k
$207k
Base
$178k
Bonus
Other
Benefits
$2k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 20 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at FLORIDA INSTITUTE OF TECHNOLOGY INC equaled 0.3% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
0.3%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 27%
from 2022

From $479k in 2022 to $606k in 2023.

$479k
2022
$606k
2023
In today's dollarsEst.
Up 21% in real terms$546k to $662k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Highest Compensated Employee pay rose 32% from 2022 to 2023, while revenue rose 5%.

$277k in 2022 to $364k in 2023.
  • Key Employee pay fell 33% from 2022 to 2023.
  • Board Vice President pay rose 29% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about FLORIDA INSTITUTE OF TECHNOLOGY INC

What does the Chief Executive Officer of FLORIDA INSTITUTE OF TECHNOLOGY INC earn?

In 2023, the Chief Executive Officer of FLORIDA INSTITUTE OF TECHNOLOGY INC received $606,404 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Education organizations in Florida: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at FLORIDA INSTITUTE OF TECHNOLOGY INC compare with similar nonprofits?

Compared with the same role at Education organizations in Florida, the 2023 pay of the Chief Executive Officer at FLORIDA INSTITUTE OF TECHNOLOGY INC falls in the top 10%. In 2023, the highest total compensation at FLORIDA INSTITUTE OF TECHNOLOGY INC equaled 0.3% of the organization's total expenses. The median for education organizations is 7%.

What are FLORIDA INSTITUTE OF TECHNOLOGY INC's revenue and expenses?

In 2023, FLORIDA INSTITUTE OF TECHNOLOGY INC reported $222.5M in total revenue and $205.2M in total expenses on its IRS Form 990.

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