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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 2020. Filed on December 18, 2020.

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 2020 IRS Form 990 filing, Florida Institute of Technology Inc., a 501(c)(3) charitable organization, reported compensation for 18 out of 3,413 total employees. Among the employees shown here, the average compensation is $273,260. The highest compensated employee at Florida Institute of Technology Inc. is Dr T Dwayne McCay with fiscal year 2020 compensation of $702,729.

Revenue, expenses, and employee compensation

Revenue

$193,652,576

Expenses

$181,795,614

Employee compensation

$113,337,151
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Dr T Dwayne McCay
President
$702,729
$673,011 No related comp$29,718
Marco Carvalho
Dean
$325,295
$294,511 No related comp$30,784
Gisele Bennett
Senior Vice President
$309,266
$280,674 No related comp$28,592
Gary Grant
Vice President
$295,646
$263,419 No related comp$32,227
Frank Kinney
Vp/Chief of
$288,746
$260,534 No related comp$28,212
Marsha Bewersdorf
Senior Vice President and Chief Financial Officer
$288,624
$258,329 No related comp$30,295
Eric Kledzik
Vice President
$258,564
$231,983 No related comp$26,581
Albino Campanini
Senior Vice President
$250,769
$224,454 No related comp$26,315
Monica Baloga
Senior Vice President
$249,753
$219,244 No related comp$30,509
Steven W Shaw
Professor
$242,876
$213,260 No related comp$29,616
Steve Englehart
Head Coach
$241,426
$210,437 No related comp$30,989
Hammid Rassoul
Dean
$224,220
$195,710 No related comp$28,510

Benchmark Employee Compensation

Non-Employee Board Members

Alan L Prestwood
Trustee
Andrew M Clark
Trustee
Ann E Dunwoody
Trustee
Bobbie Dyer
Trustee
Brian Crane
Trustee
Charles Clemente
Trustee
Dale A Dettmer
Trustee
Debbie Harvey
Trustee
Doug Flutie
Trustee
Edward W Scott Jr
Trustee
Elizabeth J Swann
Trustee
Erik E Joh
Trustee

Contractors

ABA Technologies Inc.
Programming
$5,558,845
Ellucian CO Lp
Software
$1,858,933
Ruffalo Noel Levitz LLC
Educ Consulting
$381,777
Berman Hopkins Wright & Laham
Audit/Tax
$196,000
Ht Air Systems of Florida LLC
Electric/Plumb
$168,875

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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