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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Education Florida Institute of Technology Inc.

Florida Institute of Technology Inc.

Fiscal year ending 2023. Filed on June 12, 2024.

150 W University Blvd
Melbourne, Florida 32901

Florida Institute of Technology Inc. (EIN: 59-6046500) has filed an IRS Form 990 between fiscal years 2017 and 2023. In its fiscal year 2023 IRS Form 990 filing, Florida Institute of Technology Inc., a 501(c)(3) charitable organization, reported compensation for 15 out of 2,820 total employees. Among the employees shown here, the average compensation is $266,640. The highest compensated employee at Florida Institute of Technology Inc. is Marco Carvalho with fiscal year 2023 compensation of $478,681.

Revenue, expenses, and employee compensation

Revenue

$211,689,614

Expenses

$195,508,670

Employee compensation

$104,160,613
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Marco Carvalho
Executive Vice President Provost
$478,681
$442,056 No related comp$36,625
T Dwayne McCay
Former President
$425,559
$400,902 No related comp$24,657
Albino Campanini
Senior Vice President Student
$314,195
$306,570 No related comp$7,625
Gary Grant
Senior Vice President Advancem
$307,090
$279,865 No related comp$27,225
Hamid Rassoul
Distinguishe
$276,702
$247,803 No related comp$28,899
Mr Robert King
Interim President
$273,397
$260,665 No related comp$12,732
Hector Gutierrez
Professor
$246,195
$215,253 No related comp$30,942
Michael Jones
CFO THRU AUG
$241,964
$218,223 No related comp$23,741
Richard Aronson
Professor/De
$241,461
$209,306 No related comp$32,155
Brian Leslie
Vice President, Facilities
$234,790
$202,771 No related comp$32,019
Daniel Kirk
Professor
$234,521
$212,019 No related comp$22,502
Michael King
Associate President
$224,871
$200,517 No related comp$24,354

Benchmark Employee Compensation

Non-Employee Board Members

Dr Raymond A Armstrong
Trustee Emeritus
Dr Richard N Baney
Trustee Emeritus
Mr Alan L Prestwood
Trustee
Mr Brian Crane
Trustee
Mr D Travis Proctor
Trustee
Mr Dale Detmer
Trustee
Mr David Weldon
Trustee
Mr Doug Flutie
Trustee
Mr James E Pruitt
Trustee Emeritus
Mr Joseph Caruso
Trustee
Mr Joseph M Flammio
Trustee Emeritus
Mr Kendall T Moore
Trustee

Contractors

ABA Technologies Inc.
Online Ed
$11,817,349
Bisk Education Inc.
Online Ed
$7,051,323
Ivey's Construction Inc.
Construction
$4,826,546
National Management Resources Corp.
Janitorial
$2,920,492
Ellucian
Software
$1,128,686

Mission Statement

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.

Revisions to this organization profile

June 12, 2024:
Amended (originally filed April 26, 2024)2023 Florida Institute of Technology Inc. 990 filed
May 2, 2023:
2022 Florida Institute of Technology Inc. 990 filed
May 12, 2022:
2021 Florida Institute of Technology Inc. 990 filed

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