TOTAL REVENUE - FISCAL 2025
$187,811,816
Up 48.6% from $126,387,180 in fiscal 2024.
University of South Florida Foundation Inc
Tampa, Florida - EIN 59-0879015 - Latest filing: fiscal 2025 (Jul 1, 2024 - Jun 30, 2025)
HOW TO READ THIS PAGE
How to read this page: every figure below is from the fiscal-2025 Form 990, filed May 11, 2026. People named below are shown as reported on the fiscal-2025 Form 990, filed May 11, 2026 - the filing is a snapshot of that fiscal year, not a list of current officeholders.
THE FILING IN ONE PARAGRAPH
University of South Florida Foundation Inc reported $187,811,816 in revenue and $80,911,059 in expenses in fiscal 2025, a surplus of $106,900,757 for the year. Program services took $70,388,946 of expenses, or 87.0%. The organization closed the year with $977,098,848 in net assets - about 144.9 months of expenses at the fiscal-2025 spending level.
At a Glance - Fiscal 2025
All values are fiscal 2025 unless a tile says otherwise.
TOTAL EXPENSES - FISCAL 2025
$80,911,059
Revenue minus expenses: $106,900,757 in fiscal 2025.
PROGRAM EXPENSE SHARE - FISCAL 2025
87.0%
$70,388,946 of $80,911,059 went to program services.
NET ASSETS - END OF FISCAL 2025
$977,098,848
Total assets $1,017,746,815 minus total liabilities $40,647,967.
TOP EXECUTIVE PAY - FISCAL 2025
$1,424,357
Rhea Law, President, University Of South Florida, as reported on the fiscal-2025 Form 990, filed May 11, 2026. Total across all compensation columns.
PEOPLE REPORTED - FISCAL 2025
0 Employees
Plus 897 volunteers reported on the fiscal-2025 Form 990.
Money In, Money Out - Fiscal 2025
Revenue and expenses as reported on the fiscal-2025 Form 990, filed May 11, 2026. Donated goods are separated from cash so food and supply donations do not read as cash income.
Where the Money Went - Fiscal 2025
Management and general is the figure reported on the filing (Part IX total); where a filing does not carry it, it is computed as the residual of total expenses minus program and fundraising expenses. Cost to raise a dollar in fiscal 2025: $0.03 - $2,621,288 in fundraising expenses divided by $91,026,418 in total contributions. On cash contributions only: $0.03.
Where the Money Came From - Fiscal 2025
| Source | Fiscal 2025 |
|---|---|
| Total Contributions | $91,026,418 |
| Of Which Cash Contributions | $90,184,505 |
| Of Which Donated Goods (Noncash) | $841,913 |
| Fundraising Events | $1,752,603 |
| Related Organizations | $89,726 |
| All Other Contributions | $89,184,089 |
| Program Service Revenue | $2,383,222 |
| Investment Income | $94,722,392 |
| Other Revenue | -$320,216 |
| Total Revenue (All Sources) | $187,811,816 |
Government Grants - Not Broken Out
The fiscal-2025 Form 990 does not break out government grants as a separate line for this organization. This page shows Not Broken Out instead of estimating a figure.
The fiscal-2025 Form 990 does not break out government grants as a separate line for this organization. This page shows Not Broken Out instead of estimating a figure.
Reserves and Balance Sheet - Fiscal 2025
Reserves and Runway
144.9 Months
of reserves - $977,098,848 in net assets at the end of fiscal 2025, divided by average monthly expenses of about $6,742,588 in fiscal 2025.
Net assets can include donor-restricted funds, buildings and other assets that cannot be spent like cash. Treat months of reserves as a scale measure, not as cash in the bank.
Balance Sheet - End of Fiscal 2025
| Total Assets | $1,017,746,815 |
| Total Liabilities | $40,647,967 |
| Liabilities as Share of Assets | 4.0% |
| Net Assets | $977,098,848 |
Leadership Pay - Fiscal 2025
Pay is the summed total across all compensation columns on the Form 990 - pay from the organization, pay from related organizations, and other compensation. People are shown as reported on the fiscal-2025 Form 990, filed May 11, 2026.
| Name and Title, as Reported | Total Pay - Fiscal 2025 | Share of Expenses |
|---|---|---|
| Rhea Law - President, University Of South Florida | $1,424,357 | 1.76% |
| Dr Prasant Mohapatra - Usf Exec VP & Provost | $832,107 | 1.03% |
| Jay Stroman - Sr. Vice President, University Advancement And CEO, Usf Foundation | $825,098 | 1.02% |
| Jennifer Condon - Usf CFO | $531,402 | 0.66% |
| Karen Holbrook - Regional Chancellor | $375,650 | 0.46% |
| Noreen Segrest - Vice President Of University Advancement And COO | $365,061 | 0.45% |
| Steve Blair - Principal Gift Officer | $359,375 | 0.44% |
| Christian Hardigree - Regional Chancellor | $353,784 | 0.44% |
| Jennifer McAfee - Senior Associate Vice President Of Development | $347,373 | 0.43% |
| Kelley Gibson - Senior Associate Vice President Of Development | $326,394 | 0.40% |
| Rob Fischman - Vice President, Business & Finance And Usf Foundation CFO | $326,079 | 0.40% |
| Dr Brett Kemker - Interim Regional Chancellor, USF Sarasota-Manatee campus | $294,978 | 0.36% |
| Lelo Prado - Associate Vice President Of Development | $288,744 | 0.36% |
| Bill McCausland - Vice President & Executive Director of Alumni | $280,457 | 0.35% |
| Arty Giallourakis - AVP Health Dev & Alumni Rel (Thru June 2024)/Principal Philanthropy Officer | $269,706 | 0.33% |
| Pam Prado - Chief of Staff, University Advancement | $195,396 | 0.24% |
| Kristin Green - Associate Vice President for Talent Management | $195,044 | 0.24% |
| Amy Harroun - Associate Vice President for Communications and Marketing | $192,018 | 0.24% |
| Kara Steiner - Senior Associate VP, USF Health Development & Alumni Relations | $181,536 | 0.22% |
| Grace Maseda-Sainz - BOARD MEMBER (thru Aug 2024) / USF ASST VP AFFINITY PROGRAMS | $65,370 | 0.08% |
| Dr Gilbert T Gonzalez - Board Member | $9,898 | 0.01% |
The full Part VII table lists every officer, director, trustee and key employee named on the filing, with hours and the same summed total. Compensation is reported for the calendar year ending within the fiscal year, per the Form 990.
Board and Governance - Fiscal 2025
Board and policy answers as reported on the fiscal-2025 Form 990, filed May 11, 2026.
Board Roster - as Reported on the Fiscal-2025 Form 990
41 voting members, 38 independent - independence count as reported on the fiscal-2025 Form 990.
| Name, as Reported | Role, as Reported |
|---|---|
| Rhea Law | President, University Of South Florida |
| Dr Prasant Mohapatra | Usf Exec VP & Provost |
| Jay Stroman | Sr. Vice President, University Advancement And CEO, Usf Foundation |
| Jennifer Condon | Usf CFO |
| Karen Holbrook | Regional Chancellor |
| Noreen Segrest | Vice President Of University Advancement And COO |
| Steve Blair | Principal Gift Officer |
| Christian Hardigree | Regional Chancellor |
| Jennifer McAfee | Senior Associate Vice President Of Development |
| Kelley Gibson | Senior Associate Vice President Of Development |
| Rob Fischman | Vice President, Business & Finance And Usf Foundation CFO |
| Dr Brett Kemker | Interim Regional Chancellor, USF Sarasota-Manatee campus |
| Lelo Prado | Associate Vice President Of Development |
| Bill McCausland | Vice President & Executive Director of Alumni |
| Arty Giallourakis | AVP Health Dev & Alumni Rel (Thru June 2024)/Principal Philanthropy Officer |
| Pam Prado | Chief of Staff, University Advancement |
| Kristin Green | Associate Vice President for Talent Management |
| Amy Harroun | Associate Vice President for Communications and Marketing |
| Kara Steiner | Senior Associate VP, USF Health Development & Alumni Relations |
| Grace Maseda-Sainz | BOARD MEMBER (thru Aug 2024) / USF ASST VP AFFINITY PROGRAMS |
| Dr Gilbert T Gonzalez | Board Member |
| Anthony R James | Chair |
| Ashley Butler | Secretary |
| Debbie Nye Sembler | Vice Chair |
| Jose Valiente | Immediate Past Chair |
| Kimberlyann Ross | Treasurer |
| Andrea Gonzmart Williams | Board Member |
| Anila Jain | Board Member |
| Anthony Umholtz | Board Member |
| April Rose Grajales | Board Member |
| Brad Bernstein | Board Member |
| Christine Turner | Board Member |
| Cindy Kane | Board Member |
| David Goldstein | Board Member |
| Dolores Garcia | Board Member |
| Don Aripoli | Board Member |
| Donna L Longhouse | Board Member |
| Dr Andy Hafer | Board Member |
| Dr Panos Vasiloudes | Board Member |
| Elizabeth Krystyn | Board Member |
| Elodie Dorso | Board Member |
| George Morgan | Board Member |
| Joie S Chitwood III | Board Member |
| Juan Carlos JC Prado | Board Member |
| Julius D Davis | Board Member |
| Laura Crouch | Board Member |
| Merritt Martin | Board Member |
| Michelle Lynch | Board Member |
| Michelle Turman | Board Member |
| Ray Chip Newton III | Board Member |
| Robert Donaldson | Board Member |
| Sam Barrington | Board Member |
| Sam Lazzara | Board Member |
| Sheetal Patel | Board Member |
| Stephanie Goforth | Board Member |
| Stephen Fessler | Board Member |
| Supriya Taneja | Board Member |
| William Mariotti | Board Member |
Governance Policy Flags - Fiscal 2025
Conflict of Interest PolicyYes - Reported
Whistleblower PolicyYes - Reported
Document Retention PolicyYes - Reported
Audited Financial StatementsYes - Reported
Audit CommitteeYes - Reported
Board Size and Independence41 voting / 38 independent
Flags report what the organization answered on the Form 990. A Yes means the policy was reported on the filing; it is not an outside review of how the policy works in practice.
Grants - Fiscal 2025
Grants Made - Fiscal 2025
This organization reported $70,204,382 in grants paid in fiscal 2025.
| Recipient, as Reported | Amount |
|---|---|
| University Of South Florida ACADEMIC & STUDENT SUPPORT | $70,204,382 |
Trend - Revenue
Years are shown only where a filing is held. Missing years are absent, never filled in.
| Fiscal Year | Revenue | Change |
|---|---|---|
| Fiscal 2024 (Prior-Year Column on the Fiscal-2025 Filing) | $126,387,180 | - |
| Fiscal 2025 | $187,811,816 | +48.6% |
This table grows to a 10-year view (revenue, expenses, net assets and top pay) as earlier filings for this organization are added to the record. Missing years are absent, never filled in.
Filings on Record
| Tax Period | Form | Status | Source |
|---|---|---|---|
| Jul 1, 2024 - Jun 30, 2025 | Form 990 | In Force - Filed May 11, 2026 | Original Filing at the IRS |
If an amended return is filed, the newest amended return supersedes the earlier one and the table marks which filing is in force.