2024-12-16T17:27:29-05:00 2024-06-30 591152714 BERMAN HOPKINS WRIGHT LAHAM CPAS & ASSOC 8035 SPYGLASS HILL RD MELBOURNE FL 329407984 990 2023-07-01 596046500 FLORIDA INSTITUTE OF TECHNOLOGY INC FLOR 3216627297 150 W UNIVERSITY BLVD MELBOURNE FL 329016975 KIMBERLY WILLIAMS CFO 3216747342 2024-12-15 true true ABBEY K REDDEN CPA P00189512 3217572020 2024-12-16 2023 2024-10-15 13:58:12Z DR JOHN NICKLOW 150 W UNIVERSITY BLVD MELBOURNE FL 32901 369377001 false X WWW.FIT.EDU X 1958 FL 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. 14 14 2791 34 1757570 23310210 20716196 181510415 188139312 4791351 9767870 2077638 3882667 211689614 222506045 0 0 104160613 113277794 0 3046472 91348057 91916758 195508670 205194552 16180944 17311493 392515019 409277325 148928775 143194222 243586244 266083103 X 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. false false 72706271 158384216 INSTRUCTION AND ACADEMIC SUPPORT THE UNIVERSITY INSTRUCTED 3,469 UNDERGRADUATE, 1,092 GRADUATE AND 482 DOCTORATE STUDENTS ON CAMPUS AND OFF CAMPUS SITES. IN ADDITION, THERE WERE 4,613 ONLINE STUDENTS IN UNDERGRADUATE, GRADUATE AND DOCTORAL PROGRAMS. THE UNIVERSITY OFFERS UNDERGRADUATE AND GRADUATE PROGRAMS IN THE FOLLOWING FIELDS OF STUDY: AERONAUTICS AND AVIATION, BUSINESS AND MANAGEMENT, PSYCHOLOGY AND BEHAVIOR ANALYSIS, ARTS AND COMMUNICATION, ENGINEERING, SCIENCE AND MATHEMATICS, COMPUTING, PREMED. 47604617 29755096 STUDENT SERVICES, AUXILLARY ENTERPRISES AND OTHER REVENUES MAJOR SERVICES PROVIDED ARE HOUSING AND DINING. IN ADDITION, CAMPUS LIFE REVOLVES AROUND THE CLEMENTE CENTER FOR SPORTS AND RECREATION, THE DENIUS STUDENT CENTER AND PANTHER PLAZA. STUDENTS PARTICIPATE IN A WIDE VARIETY OF INTRAMURAL SPORTS, MORE THAN 100 STUDENT ORGANIZATIONS AND 16 INTERCOLLEGIATE SPORTS. FROM GREEK LIFE TO THE COLLEGE PLAYERS THATRICAL ORGANIZATION, STUDENTS ARE ACTIVELY INVOLVED IN THE LIFE OF THE CAMPUS COMMUNITY. 120310888 true true false true false false false true false true true true false false true true false true true false true false false false true true false false false true true false false false false false false false false false false false false false false false false false false false true 187 8 true 2791 true true true false false false false false false false false false false false X 14 14 false false false false false false false true true false false true true true true true true true true false FL X X KIMBERLY WILLIAMS 3216748837 150 W UNIVERSITY BLVD MELBOURNE FL 32901 MARCO CARVALHO EXECUTIVE DI 40.00 0.00 X 581813 0 24591 MR ROBERT KING INTERIM PRES 40.00 0.00 X 360150 0 13661 JOHN HARRIS DEAN 40.00 0.00 X 339432 0 24437 HAMID RASSOUL INTERIM PROV 40.00 0.00 X 299720 0 20089 DR JOHN NICKLOW PRESIDENT 40.00 0.00 X 296848 0 16104 GARY GRANT VP ADVANCEME 40.00 0.00 X 281538 0 21736 MUNEVVER SUBASI ASSOCIATE PR 40.00 0.00 X 230011 0 15517 BRIAN LESLIE VP OPERATION 40.00 0.00 X 223436 0 19120 RICHARD ARONSON DEPT. HEAD/P 40.00 0.00 X 222777 0 19121 LINXIA GU DEPT. HEAD/P 40.00 0.00 X 218116 0 12447 BRIAN EHRLICH VP ENROLLMEN 40.00 0.00 X 202579 0 24599 RYAN PETERSEN GENERAL COUN 40.00 0.00 X 206216 0 15544 WES SUMMER VP EXTERNAL 40.00 0.00 X 188025 0 17316 JESSICA VINSON VP HUMAN RES 40.00 0.00 X 178485 0 10800 DR RAYMOND A ARMSTRONG TRUSTEE EMER 2.00 0.00 X 0 0 0 DR RICHARD N BANEY TRUSTEE EMER 2.00 0.00 X 0 0 0 MR JOESPH CARUSO TRUSTEE EMER 2.00 0.00 X 0 0 0 DR RITA H CHENG TRUSTEE 2.00 0.00 X 0 0 0 MR DALE A DETTMER TRUSTEE 2.00 0.00 X 0 0 0 MS KIRSTEN DREGGORS TRUSTEE 2.00 0.00 X 0 0 0 MS BOBBIE DYER TRUSTEE 2.00 0.00 X 0 0 0 MS JILL A EANES TRUSTEE 2.00 0.00 X 0 0 0 MR JOSEPH M FLAMMIO TRUSTEE EMER 2.00 0.00 X 0 0 0 MR WILLIAM J GUYAN TRUSTEE 2.00 0.00 X 0 0 0 MR RICHARD P MCNEIGHT TRUSTEE 2.00 0.00 X 0 0 0 MR KENDALL T MOORE TRUSTEE 2.00 0.00 X 0 0 0 MR WILLIAM R MUNS TRUSTEE 2.00 0.00 X 0 0 0 MR ROBERT L PHEBUS TRUSTEE 2.00 0.00 X 0 0 0 MR WILLIAM C POTTER TRUSTEE EMER 2.00 0.00 X 0 0 0 MR ALAN L PRESTWOOD TRUSTEE 2.00 0.00 X 0 0 0 MR D TRAVIS PROCTOR TRUSTEE 2.00 0.00 X 0 0 0 MR JAMES E PRUITT TRUSTEE EMER 2.00 0.00 X 0 0 0 MR MICHAEL SCAFATI TRUSTEE 2.00 0.00 X 0 0 0 MRS ELIZABETH J SWANN TRUSTEE 2.00 0.00 X 0 0 0 3829146 255082 185 false true false ABA TECHNOLOGIES INC 930 S HARBOUR CITY BLVD STE 402 MELBOURNE FL 32901 ONLINE ED. 11698935 BISK EDUCATION INC 10002 PRINCESS PALM AVE TAMPA FL 33619 ONLINE ED. 4575013 NATIONAL MANAGEMENT RESOURCES CORP PO BOX 1224 LAGRANGE GA 30241 JANITORIAL 2781502 MAMMOTH SPORTS LLC DBA LEGACY SPORTS SURFACING 217 BUFFETT LN WEST MELBOURNE FL 32904 CONSTRUCTION 2481613 K MILLS CONSTRUCTION LLC 1270 N WICKHAM RD STE 16 601 MELBOURNE FL 32935 CONSTRUCTION 2435662 23 16400811 4315385 20716196 TUITION & FEES 146174795 146174795 HOUSING & FOOD SERVICE 24703745 24703745 FLIGHT 10451851 10451851 OTHER 4924782 4924782 AVIATION 611710 1757570 1757570 126569 126569 188139312 5984910 5984910 1732218 1732218 1732218 1732218 150181255 87004 146441103 44196 3740152 42808 3782960 42808 3740152 665499 316716 348783 348783 73558 68941 4617 4617 OTHER INCOME 1115647 1115647 INSURANCE RECOVERY 681402 681402 1797049 222506045 188221599 1757570 11810680 1965737 299720 1384479 281538 87697110 62388140 24208359 1100611 3248165 2270957 927137 50071 13507574 9443833 3832418 231323 6859208 4795621 1957853 105734 22431030 17514395 4633057 283578 685395 13420 670175 1800 313614 313614 1922099 607305 981595 333199 3222767 2431948 690113 100706 4939099 1481553 3370744 86802 16525202 5114837 11067227 343138 2698055 2386283 193800 117972 649651 515917 133734 3737319 3737319 13472304 13472304 6331254 104577 6216677 10000 SCHOLARSHIP 4788740 4788740 DINING SERVICES 4251749 4251749 COGS 4034804 4034804 LIBRARY RESOURCES 1913676 1901893 11783 205194552 120310888 81837192 3046472 36171599 42597265 1527497 1073740 13470758 12133624 1488297 815570 1660567 1472965 4960037 4625165 358977676 133176287 220153152 225801389 100805797 109212624 225682 188804 12051633 11356179 392515019 409277325 13005658 15073954 5426973 3816447 99954093 96347851 1282341 1159056 29259710 26796914 148928775 143194222 X 148841207 173269562 94745037 92813541 243586244 266083103 392515019 409277325 17311493 5185366 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 318370 318370 false SCHEDULE C, PART II-B, LINE 1 FLORIDA INSTITUTE OF TECHNOLOGY CONTRACTED WITH OUTSIDE VENDORS TO SPEAK DIRECTLY TO LEGISLATORS ON ITS BEHALF. X false 96580299 1822563 11516655 -3957622 105961895 89442037 1819239 10498778 -4810980 -368775 96580299 107867599 4085745 -14008702 -3590657 -4463542 -448406 89442037 81763706 2068809 31021858 -1441209 -5034180 -511385 107867599 86645075 1033655 -2335108 -947072 -2239414 -393430 81763706 0.12300 0.87700 false false 8245513 8245513 201504712 66340026 135164686 60641681 31651597 28990084 64801195 26823476 37977719 23784575 8361188 15423387 225801389 COMMON STOCKS 44374624 F EQUITY MUTUAL FUNDS 26707093 F CORPORATE BONDS 10673197 F ALTERNATIVE INVESTMENTS 9297323 F US GOVERNMENT NOTES AND BONDS 8205494 F MORTGAGE/ASSET BACKED SECURITIES 6584228 F MUNICIPAL BONDS 2260548 F SURPLUS NOTES 510212 F MONEY MARKET 458462 F SHORT TERM INVESTMENTS 141443 F 109212624 OPERATING LEASES 13581380 FINANCE LEASES 10220054 ANNUITIES PAYABLE 1619207 REFUNDABLE GOVERNMENT LOANS 1376273 26796914 X 227691411 5185366 5185366 222506045 222506045 205194552 205194552 205194552 SCHEDULE D, PAGE 2, PART V, LINE 4 ENDOWMENT SPENDING POLICY - AN ANNUAL ALLOCATION TO THE OPERATING FUND IS CALCULATED AS A PERCENTAGE OF THE ENDOWMENT MARKET VALUE. THE POLICY IS TO TRANSFER 5% OF THE MARKET VALUE DURING THE SUBSEQUENT FISCAL YEAR BY USING A MOVING AVERAGE, COMPUTED ON THE LAST THREE CALENDAR YEARS OF ENDOWMENT MARKET VALUES. SCHEDULE D, PAGE 3, PART X THE UNIVERSITY IS A TAX-EXEMPT INSTITUTION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE UNIVERSITY IS CLASSIFIED AS AN ORGANIZATION WHEREBY CONTRIBUTIONS TO IT QUALIFY FOR DEDUCTIONS AS CHARITABLE CONTRIBUTIONS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. NO ASSESSMENTS ARE OUTSTANDING, AND THE UNIVERSITY'S MANAGEMENT BELIEVES THAT THE UNIVERSITY HAS OPERATED IN ACCORDANCE WITH ITS TAX-EXEMPT STATUS. HOWEVER, THE UNIVERSITY DOES ENGAGE IN ACTIVITIES THAT MAY GIVE RISE TO UNRELATED BUSINESS INCOME TAX. AS SUCH, THE UNIVERSITY FILES AN UNRELATED BUSINESS INCOME TAX RETURN. ACTIVITY IN THE WHOLLY OWNED SUBSIDIARY FIT AVIATION, LLC, WHICH CEASED OPERATIONS DURING THE YEAR, AND OTHER ACTIVITIES SUBJECT TO UNRELATED BUSINESS INCOME TAX, HAVE HISTORICALLY BEEN REPORTED ON THIS RETURN. DEFERRED INCOME TAXES ARE PROVIDED ON A METHOD WHEREBY DEFERRED TAX ASSETS ARE RECOGNIZED FOR TEMPORARY DIFFERENCES, WHICH ARE THE DIFFERENCES BETWEEN THE REPORTED AMOUNT OF ASSETS AND LIABILITIES AND THEIR TAX BASIS AND ARISE PREDOMINANTLY FROM NET OPERATING LOSSES AND THE ALLOWANCE FOR DOUBTFUL ACCOUNTS RECEIVABLE. DEFERRED TAX ASSETS ARE REDUCED BY A VALUATION ALLOWANCE WHEN, IN THE OPINION OF MANAGEMENT, IT IS MORE LIKELY THAN NOT THAT SOME PORTION OR ALL OF THE DEFERRED TAX ASSETS WILL NOT BE REALIZED. MEASUREMENT OF DEFERRED INCOME TAX IS BASED ON ENACTED TAX RATES AND LAWS THAT WILL BE IN EFFECT WHEN THE DIFFERENCES ARE EXPECTED TO REVERSE. THE UNIVERSITY ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION ("FASB ASC") 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING AND DISCLOSURE REQUIREMENTS FOR UNCERTAINTY IN TAX POSITIONS. IT REQUIRES A TWO-STEP APPROACH TO EVALUATE TAX POSITIONS AND DETERMINE IF THEY SHOULD BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE TWO-STEP APPROACH INVOLVES RECOGNIZING ANY TAX POSITIONS THAT ARE MORE LIKELY THAN NOT TO OCCUR AND THEN MEASURING THOSE POSITIONS TO DETERMINE IF THEY ARE RECOGNIZABLE IN THE CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT REGULARLY REVIEWS AND ANALYZES ALL TAX POSITIONS AND HAS DETERMINED THAT NO UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION HAVE OCCURRED. THE UNIVERSITY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE UNIVERSITY BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS PRIOR TO 2021. true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 ALL ADVERTISEMENTS FOR FLORIDA INSTITUTE OF TECHNOLOGY INCLUDE THE NECESSARY INFORMATION REGARDING THE UNIVERSITY'S NON-DISCRIMINATION POLICY. SCHEDULE E, LINE 6 THE UNIVERSITY PARTICIPATES IN NUMEROUS FEDERAL AND STATE PROGRAMS AS LISTED BELOW: FEDERAL PROGRAMS: U.S. DEPARTMENT OF AGRICULTURE U.S. DEPARTMENT OF COMMERCE U.S. DEPARTMENT OF DEFENSE U.S. DEPARTMENT OF THE INTERIOR U.S. DEPARTMENT OF JUSTICE U.S. DEPARTMENT OF TRANSPORTATION NATIONAL AERONAUTICS AND SPACE ADMINISTRATION NATIONAL SCIENCE FOUNDATION ENVIRONMENTAL PROTECTION AGENCY U.S. DEPARTMENT OF ENERGY U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES AGENCY FOR INTERNATIONAL DEVELOPMENT NATIONAL ENDOWMENT FOR THE HUMANITIES U.S. DEPARTMENT OF JUSTICE U.S. SMALL BUSINESS ADMINISTRATION U.S. DEPARTMENT OF VETERAN AFFAIRS U.S. DEPARTMENT OF EDUCATION OTHER FEDERAL PROGRAMS STATE PROGRAMS: FLORIDA DEPARTMENT OF EMERGENCY MANAGEMENT INDIAN RIVER NATIONAL ESTUARY PROGRAM FLORIDA DEPARTMENT OF EDUCATION FLORIDA DEPARTMENT OF TRANSPORTATION FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION FLORIDA DEPARTMENT OF HEALTH SEBASTION INLET TAX DISTRICT FLORIDA FISH AND WILDLIFE CONSERVATION (FWC) FLORIDA STUDENT FINANCIAL ASSISTANCE false EAST ASIA AND THE PACIFIC 1 3 PROGRAM SERVICE PROFESSIONAL SERVICE 124879 EUROPE 8 PROGRAM SERVICE PROFESSIONAL SERVICE 105282 MIDDLE EAST AND NORTH AFRICA 5 PROGRAM SERVICE STUDENT RECRUITMENT 17000 SOUTH AMERICA 4 PROGRAM SERVICE TRAVEL 111855 SOUTH ASIA 3 PROGRAM SERVICE STUDENT RECRUITMENT 394500 NORTH AMERICA 10 PROGRAM SERVICE VARIOUS 44311 1 33 1 33 797827 797827 false false false false false false SCHEDULE F, PAGE 1, PART I, LINE 3 EAST ASIA AND THE PACIFIC 124,879 0 EUROPE 105,282 0 MIDDLE EAST AND NORTH AFRICA 17,000 0 SOUTH AMERICA 111,855 0 SOUTH ASIA 394,500 0 NORTH AMERICA 44,311 0 WINE, WOMEN, AN 527939 527939 4197 57884 1431 141951 52067 EVENING OF HOPE 137560 137560 5388 39074 7505 7219 665499 665499 4197 63272 40505 149456 59286 316716 348783 false false 73558 37000 20060 11881 false 73558 37000 20060 11881 68941 4617 false SEC. 849.0935 FLORIDA STATUTES (1996 SUPP) AUTHORIZES TAX-EXEMPT false false false CASSIE PERCIAK 150 W UNIVERSITY BLVD MELBOURNE FL 32901 false CASSIE PERCIAK TRACK/TABULATE RESULTS X false X X X X true true X X X X X false false false false false false false false false MARCO CARVALHO EXECUTIVE DIRECTOR 403368 110445 68000 16500 8091 606404 MR ROBERT KING INTERIM PRESIDENT 278919 75000 6231 13630 31 373811 JOHN HARRIS DEAN 339432 16500 7937 363869 HAMID RASSOUL INTERIM PROVOST 290159 9561 14376 5713 319809 DR JOHN NICKLOW PRESIDENT 266560 30288 13293 2811 312952 GARY GRANT VP ADVANCEMENT 276461 5077 13675 8061 303274 MUNEVVER SUBASI ASSOCIATE PROVOST 230011 7425 8092 245528 BRIAN LESLIE VP OPERATIONS 223436 11161 7959 242556 RICHARD ARONSON DEPT. HEAD/PROFESSOR 222777 11063 8058 241898 LINXIA GU DEPT. HEAD/PROFESSOR 215287 2829 10751 1696 230563 BRIAN EHRLICH VP ENROLLMENT 202579 10115 14484 227178 RYAN PETERSEN GENERAL COUNSEL 199216 7000 8654 6890 221760 WES SUMMER VP EXTERNAL AFFAIRS 188025 9274 8042 205341 JESSICA VINSON VP HUMAN RESOURCES 178485 8917 1883 189285 SCHEDULE J, PAGE 1, PART I, LINE 1A -FIRST CLASS TRAVEL MAY OCCUR BASED UPON THE LENGTH OF TRAVEL TIME. -THE PRESIDENT'S SPOUSE MAY, ON OCCASSION, ACCOMPANY THE PRESIDENT ON BUSINESS TRIPS ON BEHALF OF THE UNIVERSITY. A HIGHER EDUCATIONAL FACILITIES AUTH 900058227 34073TNC7 2019-10-30 110862161 SEE SUPPLEMENTAL HIGHER EDUCATIONAL FACILITIES AUTH. PART I, LINE A, COLUMN (F): ACQUIRE 100% INTERE false false false A 4069310 110862161 6718341 929749 77500000 25714074 true false true true A false true false true true 0.00700 0.00100 0.00800 false false true A false false false false false false false false true A true PURPOSE OF ISSUE DESCRIPTION HIGHER EDUCATIONAL FACILITIES AUTH. SEE SUPPLEMENTAL HIGHER EDUCATIONAL FACILITIES AUTH. PART I, LINE A, COLUMN (F): ACQUIRE 100% INTEREST IN TUFF FLORIDA TECH, LLC, FINANCE NEW CAPITAL EXPENDITURES AND REFUND BONDS ISSUED ON 02/01/2013. FORM 990 - ORGANIZATION'S 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. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED INTERNALLY BY THE CONTROLLER AND THE VICE PRESIDENT & CFO. A COPY OF THE 990 IS SENT TO ALL BOARD OF TRUSTEE MEMBERS FOR REVIEW. DURING THE AUDIT AND ENTERPRISE RISK MANAGEMENT COMMITTEE THE 990 IS REVIEWED AND APPROVED FOR FILING. FORM 990, PAGE 6, PART VI, LINE 12C ALL UNIVERSITY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY REAL, PERCEIVED, OR POTENTIAL CONFLICT OF INTEREST OR COMMITMENT TO THE UNIVERSITY UPON HIRE. EMPLOYEES ARE REQUIRED TO DISCLOSE ANY NEW REAL, PERCEIVED, OR POTENTIAL CONFLICTS OF INTEREST OR COMMITMENT IMMEDIATELY THROUGHOUT THE YEAR. NO UNIVERSITY EMPLOYEE MAY USE OR ATTEMPT TO USE THEIR UNIVERSITY POSITION, PROPERTY, OTHER RESOURCES, OR POSITION-BASED AUTHORITY, TO SECURE SPECIAL PRIVILEGE, BENEFIT, OR EXEMPTION FOR THEMSELVES. ALL UNIVERSITY EMPLOYEES MUST COMPLY WITH DOCUMENTED MANAGEMENT OR MITIGATION REQUIREMENTS RELATED TO ANY REAL, PERCEIVED, OR POTENTIAL CONFLICT DISCLOSED. NEW UNIVERSITY EMPLOYEES RECEIVED THE CONFLICT OF INTEREST AND COMMITMENT DISCLOSURE FORM THROUGH THE HRIS. EMPLOYEES ARE REQUIRED TO COMPLETE THE FORM, WHICH IS SAVED IN THE HRIS. ALL UNIVERSITY EMPLOYEES ARE REQUIRED TO COMPLETE THE CONFLICT OF INTEREST AND COMMITMENT DISCLOSURE FORM IN THE HRIS ANY TIME DURING THE YEAR WHEN A REAL, PERCEIVED, OR POTENTIAL CONFLICT OF INTEREST ARISES. EMPLOYEE SHOULD DISCUS NEW POTENTIAL CONFLICTS OF INTEREST OR COMMITMENT WITH THEIR SUPERVISOR OR HUMAN RESOURCES AS APPROPRIATE. THIS IS PARTICULARLY RELEVANT WHEN AN EMPLOYEE MAY SEEK OR RECEIVED AN OPPORTUNITY FOR ADDITIONAL EMPLOYMENT OUTSIDE OF THE UNIVERSITY THAT MAY CONSTITUTE A CONFLICT OF COMMITMENT. IF A CONFLICT OF INTEREST OR COMMITMENT IS DISCLOSED, THE SYSTEM WILL SEND THE FORM TO THE OFFICE OF LEGAL, RISK AND COMPLIANCE. THE OFFICE OF LEGAL, RISK AND COMPLIANCE WILL COORDINATE WITH THE OFFICE OF HUMAN RESOURCES AND THE OFFICE OF THE PROVOST AS NEEDED TO REVIEW THE REAL OR POTENTIAL CONFLICT. THE OFFICE OF LEGAL, RISK AND COMPLIANCE WILL SEND THE DISCLOSURE AN ACKNOWLEDGMENT OF THE DISCLOSURE AND ANY REQUIRED STEPS TO MINIMIZE THE RISK OF THE CONFLICT. FORM 990, PAGE 6, PART VI, LINE 15A THE UNIVERSITY'S BOARD OF TRUSTEES COMPLETES A PROCESS THAT REQUIRES A REVIEW OF THE EXECUTIVE'S COMPENSATION, DETERMINATIONS BY THE DISINTERESTED PERSONS, USE OF APPROPRIATE COMPARABILITY DATA AND CONTEMPORANEOUS DOCUMENTATION OF THE PROCESS. FORM 990, PAGE 6, PART VI, LINE 15B THE UNIVERSITY'S BOARD OF TRUSTEES COMPLETES A PROCESS THAT REQUIRES A REVIEW OF THE OFFICER'S COMPENSATION, DETERMINATIONS BY THE DISINTERESTED PERSONS, USE OF APPROPRIATE COMPARABILITY DATA AND CONTEMPORANEOUS DOCUMENTATION OF THE PROCESS. FORM 990, PAGE 6, PART VI, LINE 19 THE UNIVERSITY MAKES AVAILABLE FORM 990 TO THE PUBLIC FOR INSPECTION THROUGH THE GUIDESTAR WEBSITE - WWW.GUIDESTAR.ORG. THE FORM 990 AND 990-T ARE ALSO PROVIDED UPON REQUEST. THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, WHISTLEBLOWER POLICY, AND OTHER DOCUMENTS CAN BE FOUND AT WWW.FIT.EDU/HR/POLICIES.