2025-05-06T00:04:43-05:00 2024-06-30 593204548 JAMES MOORE & CO PL 5931 NW 1ST PLACE GAINESVILLE FL 326072063 990 2023-07-01 201226494 UNIVERSITY OF FLORIDA INVESTMENT CORPORATION UNIV 3523921693 800 SW 2ND AVENUE 300 GAINESVILLE FL 326016295 EDWARD KELLY COO/VICE PRESIDENT 3523921693 2025-05-04 1 1 CORINNE LAROCHE P01500189 3523781331 2025-03-27 2023 2025-03-06 01:10:19Z EDWARD KELLY 800 SW 2ND AVENUE 300 GAINESVILLE FL 326016295 6274953 0 X UFICO.UFL.EDU X 2004 FL THE PURPOSE OF THIS CORPORATION IS TO PROMOTE THE EDUCATIONAL PURPOSES OF THE UNIVERSITY OF FLORIDA BY PROVIDING INVESTMENT RESEARCH, ADVICE, COUNSEL AND MANAGEMENT TO AND FOR THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES, A PUBLIC BODY CORPORATE, AND SUCH AFFILIATED CORPORATIONS AS THE BOARD OF TRUSTEES OF THE UNIVERSITY OF FLORIDA MAY DESIGNATE, PROVIDED THAT SUCH ORGANIZATIONS FURTHER THE EDUCATIONAL PURPOSES OF THE UNIVERSITY OF FLORIDA AND ARE ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS NOW IN FORCE OR HEREAFTER AMENDED. 12 8 12 10 0 0 0 0 6483014 6140333 78097 134620 0 0 6561111 6274953 0 0 0 0 5644135 5044389 0 0 0 737916 963534 6382051 6007923 179060 267030 8723162 8197825 8468484 7676117 254678 521708 X THE PURPOSE OF THIS CORPORATION IS TO PROMOTE THE EDUCATIONAL PURPOSES OF THE UNIVERSITY OF FLORIDA BY PROVIDING INVESTMENT RESEARCH, ADVICE, COUNSEL AND MANAGEMENT TO AND FOR THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES, A PUBLIC BODY CORPORATE, AND SUCH AFFILIATED CORPORATIONS AS THE BOARD OF TRUSTEES OF THE UNIVERSITY OF FLORIDA MAY DESIGNATE, PROVIDED THAT SUCH ORGANIZATIONS FURTHER THE EDUCATIONAL PURPOSES OF THE UNIVERSITY OF FLORIDA AND ARE ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS NOW IN FORCE OR HEREAFTER AMENDED. 0 0 4921563 6140333 THE ORGANIZATION PROVIDED INVESTMENT RESEARCH, ADVICE, COUNSEL AND MANAGEMENT TO THE UNIVERSITY OF FLORIDA AND THREE OTHER AFFILIATE ORGANIZATIONS RELATED TO THE UNIVERSITY OF FLORIDA. DURING THE YEAR, THE ORGANIZATION MANAGED ASSETS OF $6,109,967,446 FOR THESE ORGANIZATIONS. 4921563 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 13 0 1 12 1 0 0 0 0 0 0 0 0 0 0 1 0 X 12 8 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JIMMY HUMPHRIES 3522731479 800 SW 2ND AVENUE SUITE 300 GAINESVILLE FL 32601 JAMES W HEAVENER BOARD MEMBER 1.00 0.00 X 0 0 0 WILLIAM WALTON BOARD MEMBER 1.00 0.00 X 0 0 0 FERNANDO DONAYRE BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID CHRISTIE BOARD MEMBER 1.00 49.00 X 0 307168 52427 DOUGLAS J FREE BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERT THORNTON BOARD MEMBER 1.00 49.00 X 0 617796 35191 REBECCA PATTERSON BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERT J COUSIN BOARD MEMBER 1.00 0.00 X 0 0 0 SABY MITRA BOARD MEMBER 1.00 49.00 X 0 550828 53045 SCOTT J FRIEDMAN BOARD MEMBER 1.00 0.00 X 0 0 0 LINDSAY LEE BOARD MEMBER 1.00 0.00 X 0 0 0 ALEX C SMITH BOARD MEMBER UNTIL 5/2024 1.00 0.00 X 0 0 0 TAYLOR JANTZ BOARD MEMBER AS OF 4/2024 1.00 49.00 X 0 239014 20083 WILLIAM S REESER CEO/CIO/PRESIDENT 50.00 0.00 X 1604952 0 252169 EDWARD A KELLY COO/VICE PRESIDENT 50.00 0.00 X 510025 0 102544 BRIAN C MAWDSLEY DEPUTY CIO 50.00 0.00 X 881397 0 183109 WILLIAM C TWIBLE INVESTMENT DIRECTOR 50.00 0.00 X 456642 0 92701 JEFFREY FURST INVESTMENT DIRECTOR 50.00 0.00 X 455306 0 106559 JAMES D HUMPHRIES INVESTMENT OPERATIONS DIRE 50.00 0.00 X 166740 0 38645 BRENNAN BUBP SENIOR INVESTMENT ANALYST 50.00 0.00 X 230436 0 60776 4305498 1714806 997249 9 0 1 0 DAVID BARRETT PARTNERS LLC 230 PARK AVENUE SUITE 450 NEW YORK NY 10169 CONSULTING FOR CIO SEARCH 140000 1 MANAGEMENT FEES 541900 6140333 6140333 6140333 134620 134620 6274953 6140333 0 134620 1740394 1360878 379516 2773400 2496060 277340 212334 204855 7479 133948 129756 4192 184313 184313 24860 24860 145620 145620 10187 9169 1018 522 522 129797 116817 12980 131393 131393 13286 13286 143216 128894 14322 185986 185986 50988 50988 EXCISE TAXES 116577 116577 MEMBERSHIPS & DUES 4804 4804 SUBSCRIPTIONS 3182 3182 MEALS & ENTERTAINMENT 2773 2773 343 343 6007923 4921563 1086360 0 2629810 2703748 208706 12958 21076 21076 3938749 848955 3275779 3089794 2587791 2370249 8723162 8197825 2624001 1847476 5844483 5828641 8468484 7676117 X 410591 815306 -155913 -293598 0 0 254678 521708 8723162 8197825 267030 0 X 0 1 X 1 0 X X X 1 UNIVERSITY OF FLORIDA 596002052 2 1 4921563 0 1 4921563 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART I, LINE 12G, COLUMN V: AMOUNTS REPORTED ON LINE 12G, COLUMN V REPRESENT FUNDS SPENT ON ACTIVITIES PERFORMED BY UFICO ON BEHALF OF THE SUPPORTED ORGANIZATION, UNIVERSITY OF FLORIDA, AND ITS RELATED ENTITIES. 258589 129294 129295 144341 144341 0 3535819 575320 2960499 3089794 MANAGEMENT FEES RECEIVABLE 1639234 DUE FROM UNIVERSITY OF FLORIDA 175000 INVESTMENTS - DEFERRED COMPENSATION 556015 2370249 DEFERRED COMPENSATION 1889234 DEFERRED COMPENSATION-457(B) PLAN 556015 LEASE LIABILITY 3383392 5828641 X 6274953 0 6274953 0 6274953 6007923 0 6007923 0 6007923 PART X, LINE 2: UFICO IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT CONSIDERS THE LIKELIHOOD OF CHANGES BY TAXING AUTHORITIES IN ITS FILED INCOME TAX RETURNS AND RECOGNIZES A LIABILITY FOR OR DISCLOSES POTENTIAL SIGNIFICANT CHANGES THAT MANAGEMENT BELIEVES ARE MORE LIKELY THAN NOT TO OCCUR, INCLUDING CHANGES TO UFICO'S STATUS AS A NOT-FOR-PROFIT ENTITY. MANAGEMENT BELIEVES THE ORGANIZATION MET THE REQUIREMENTS TO MAINTAIN ITS TAX-EXEMPT STATUS AND HAS NO INCOME SUBJECT TO UNRELATED BUSINESS INCOME TAX, THEREFORE NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THESE FINANCIAL STATEMENTS. UFICO'S INCOME TAX RETURNS FOR THE PAST THREE YEARS ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES, AND MAY CHANGE UPON EXAMINATION. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE INVESTMENT RESEARCH 13667 SOUTH ASIA 0 0 PROGRAM SERVICE INVESTMENT RESEARCH 17800 0 0 0 0 0 0 31467 0 31467 0 0 0 0 0 0 PART I, LINE 3: ACCRUAL METHOD X 1 1 X X X X 0 0 0 0 0 0 0 1 0 WILLIAM S REESER CEO/CIO/PRESIDENT 670406 0 840250 0 94296 0 233054 0 19115 0 1857121 0 0 0 BRIAN C MAWDSLEY DEPUTY CIO 426354 0 453585 0 1458 0 161533 0 21576 0 1064506 0 0 0 ROBERT THORNTON BOARD MEMBER 0 488561 0 79000 0 50235 0 23100 0 12091 0 652987 0 0 EDWARD A KELLY COO/VICE PRESIDENT 328962 0 175843 0 5220 0 79886 0 22658 0 612569 0 0 0 SABY MITRA BOARD MEMBER 0 538340 0 0 0 12488 0 28572 0 24473 0 603873 0 0 JEFFREY FURST INVESTMENT DIRECTOR 254270 0 200418 0 618 0 85288 0 21271 0 561865 0 0 0 WILLIAM C TWIBLE INVESTMENT DIRECTOR 259284 0 196740 0 618 0 85288 0 7413 0 549343 0 0 0 DAVID CHRISTIE BOARD MEMBER 0 279927 0 25000 0 2241 0 27723 0 24704 0 359595 0 0 BRENNAN BUBP SENIOR INVESTMENT ANALYST 155596 0 68030 0 6810 0 39505 0 21271 0 291212 0 0 0 TAYLOR JANTZ BOARD MEMBER AS OF 4/2024 0 109834 0 60000 0 69180 0 14974 0 5109 0 259097 0 0 JAMES D HUMPHRIES INVESTMENT OPERATIONS DIRE 162664 0 0 0 4076 0 17374 0 21271 0 205385 0 0 0 PART I, LINE 1A BUSINESS CLASS TRAVEL ON A THREE CLASS FLIGHT OR FIRST CLASS ON A TWO CLASS FLIGHT WILL BE ACCEPTABLE FOR INTERNATIONAL FLIGHTS INVOLVING 8 OR MORE HOURS OF TRAVEL TIME AND WHERE PRODUCTIVITY WILL BE IMPACTED. THE INTENT IS TO PROVIDE LAY FLAT OR NEAR FLAT SEATING IN THESE TYPES OF SITUATIONS. PART I, LINE 3 A COMPENSATION COMMITTEE OF THE UFICO BOARD OF DIRECTORS MEETS AT LEAST ANNUALLY. THIS COMMITTEE APPROVES SALARIES FOR ALL EMPLOYEES INCLUDING THE CEO. THE COMMITTEE REVIEWS COMPENSATION BASED ON SURVEYS, CONSULTANTS, AND OTHER INFORMATION. THE CEO HAS A WRITTEN EMPLOYMENT CONTRACT. THE CEO'S COMPENSATION IS ALSO APPROVED BY THE PRESIDENT OF THE UNIVERSITY OF FLORIDA AND THE BOARD CHAIR OF THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES. PART I, LINE 7 THE ORGANIZATION HAS A DEFERRED COMPENSATION BONUS PLAN WHICH COVERS CERTAIN EMPLOYEES. UNDER THIS PLAN, A DEFERRED BONUS IS PAID WHICH INCLUDES A DISCRETIONARY COMPONENT. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE WILL HAVE AND MAY EXERCISE ALL POWERS AND AUTHORITY OF THE BOARD WHEN THE BOARD IS NOT IN SESSION AND MAY ACT IN LIEU OF ANY COMMITTEE; PROVIDED HOWEVER, THE EXECUTIVE COMMITTEE WILL HAVE NO AUTHORITY TO ALTER, AMEND, OR REPEAL THE ARTICLES OF INCORPORATION OR THE BYLAWS OF THE CORPORATION OR TO APPOINT DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE APPOINTMENT OF THE ORGANIZATION'S BOARD MEMBERS IS SUBJECT TO APPROVAL BY THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION IS SUBJECT TO GOVERNANCE STANDARDS TO FURTHER THE UNIVERSITY OF FLORIDA'S (UF) "ONE UF" STRATEGIC MISSION AND TO ENSURE APPROPRIATE VISIBILITY AND COMMUNICATION WITH THE UF BOARD OF TRUSTEES (BOT), SUCH THAT THE BOT CAN EFFECTIVELY FULFILL ITS RESPONSIBILITY AS UF'S GOVERNING BOARD AND SO THAT EACH TRUSTEE CAN CARRY OUT HIS/HER FIDUCIARY DUTIES TO UF WHILE SERVING AS A MEMBER OF THE BOT. FOR ANY MATTERS THAT WOULD REASONABLY BE CONSIDERED MATERIAL TO UF, A DSO OR ANY AFFILIATE ENTITY, OR THAT WOULD GENERATE SIGNIFICANT MEDIA ATTENTION, THE PRESIDENT WILL CONFER WITH THE BOT CHAIR AND NOTIFY THE BOT VICE CHAIR, AND NOTIFY THE FULL BOT IN CASE OF SIGNIFICANT MEDIA ATTENTION. IT IS UNDERSTOOD THAT HEALTH, SAFETY AND OPERATIONAL EMERGENCIES MAY PRECLUDE ADVANCE NOTICE. IF IN DOUBT AS TO MATERIALITY, ADMINISTRATORS WILL ERR ON THE SIDE OF ASSUMING A MATTER IS MATERIAL. THE BOARD OF DIRECTORS OF THE CORPORATION MAY DELEGATE TO ONE OR MORE MANAGEMENT PERSONS OR ENTITIES SELECTED BY THE BOARD OF DIRECTORS THE POWER TO ACT IN PLACE OF THE CORPORATION TO MAKE AND CHANGE INVESTMENTS OF THE UNIVERSITY OR ITS AFFILIATED CORPORATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S CHIEF OPERATING OFFICER AND OPERATIONS DIRECTOR WILL REVIEW THE FORM 990. ADDITIONALLY, THE AUDIT COMMITTEE OF THE ORGANIZATION WILL RECEIVE, REVIEW AND APPROVE THE FORM 990 DURING AN AUDIT COMMITTEE MEETING. THE FORM 990 IS PRESENTED TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES DISCLOSE QUARTERLY TO THE CHIEF OPERATING OFFICER ANY POTENTIAL CONFLICTS OF INTEREST THROUGH SIGNED STATEMENTS. ALL BOARD MEMBERS DISCLOSE ANNUALLY TO THE CHIEF OPERATING OFFICER ANY POTENTIAL CONFLICTS OF INTEREST THROUGH SIGNED STATEMENTS. THE CHIEF OPERATING OFFICER REVIEWS THESE STATEMENTS AND ADDRESSES THEM APPROPRIATELY. THE CHIEF OPERATING OFFICER REPORTS ANY POTENTIAL CONFLICTS OF INTEREST TO THE OPERATIONS DIRECTOR AND THE OPERATIONS DIRECTOR ADDRESSES THEM APPROPRIATELY. ALL POTENTIAL CONFLICTS OF INTEREST ARE REPORTED TO THE AUDIT COMMITTEE ANNUALLY OR AS DEEMED APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 A COMPENSATION COMMITTEE OF THE UFICO BOARD OF DIRECTORS MEETS AT LEAST ANNUALLY. THIS COMMITTEE APPROVES SALARIES FOR ALL EMPLOYEES INCLUDING THE CEO. THE COMMITTEE REVIEWS COMPENSATION BASED ON SURVEYS, CONSULTANTS, AND OTHER INFORMATION. THE CEO HAS A WRITTEN EMPLOYMENT CONTRACT. THE CEO'S COMPENSATION IS ALSO APPROVED BY THE PRESIDENT OF THE UNIVERSITY OF FLORIDA AND THE BOARD CHAIR OF THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 FEDERAL LAW DOES NOT REQUIRE THAT SUCH DOCUMENTS BE MADE PUBLICLY AVAILABLE UNLESS THEY WERE INCLUDED ON A FORM THAT IS PUBLICLY AVAILABLE (SUCH AS FORM 1023 OR 1024). WE DO NOT MAKE OUR GOVERNING DOCUMENTS, POLICIES, OR FINANCIAL STATEMENTS DIRECTLY AVAILABLE TO THE PUBLIC. UFICO LLC 800 SW 2ND AVENUE SUITE 300 GAINESVILLE FL 32601 GENERAL PARTNER/MANAGING PARTNER FL 0 0 UNIVERSITY OF FLORIDA INVESTMENT CORPORATION UNIVERSITY OF FLORIDA 24 TIGERT HALL GAINESVILLE FL 32611 596002052 UNIVERSITY FL 115 N/A 0 UNIVERSITY OF FLORIDA FOUNDATION INC PO BOX 14425 GAINESVILLE FL 32604 590974739 FUNDRAISING FL 501(C)(3) LINE 7 UNIVERSITY OF FLORIDA 0 SHANDS TEACHING HOSPITAL AND CLINICS INC PO BOX 100362 GAINESVILLE FL 32610 591493502 HOSPITAL FL 501(C)(3) LINE 3 UNIVERSITY OF FLORIDA 0 CENTRAL FLORIDA HEALTH INC 600 EAST DIXIE AVENUE LEESBURG FL 34748 331197054 HOSPITAL FL 501(C)(3) LINE 3 UNIVERSITY OF FLORIDA 0 FLORIDA PRIVATE INVESTMENTS FUND LP 800 SW 2ND AVENUE SUITE 300 GAINESVILLE FL 32601 270277240 INVESTMENT FUNDS DE UFICO LLC RELATED 0 1 FLORIDA LONG TERM POOL FUND LP 800 SW 2ND AVENUE SUITE 300 GAINESVILLE FL 32601 270277090 INVESTMENT FUNDS DE UFICO LLC RELATED 0 1 FLORIDA SHORT-TERM FUND LP 800 SW 2ND AVENUE SUITE 300 GAINESVILLE FL 32601 270276790 INVESTMENT FUNDS DE UFICO LLC RELATED 0 1 FLORIDA GLOBAL EQUITY FUND LLC 800 SW 2ND AVENUE SUITE 300 GAINESVILLE FL 32601 270276884 INVESTMENT FUNDS DE UFICO LLC RELATED 0 1 FLORIDA GLOBAL FIXED INCOME FUND LLC 800 SW 2ND AVENUE SUITE 300 GAINESVILLE FL 32601 270277004 INVESTMENT FUNDS DE UFICO LLC RELATED 0 1 FLORIDA HEDGED STRATEGIES FUND LLC 800 SW 2ND AVENUE SUITE 300 GAINESVILLE FL 32601 270277727 INVESTMENT FUNDS DE UFICO LLC RELATED 0 1 FLORIDA OPPORTUNISTIC FUND LLC 800 SW 2ND AVENUE SUITE 300 GAINESVILLE FL 32601 270277160 INVESTMENT FUNDS DE UFICO LLC RELATED 0 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 UNIVERSITY OF FLORIDA L 1566668 FMV CENTRAL FLORIDA HEALTH INC L 243745 FMV SHANDS TEACHING HOSPITAL AND CLINICS INC L 1035904 FMV UNIVERSITY OF FLORIDA D 175000 FMV