UNIVERSITY OF WEST FLORIDA FOUNDATION INC
Mission Statement
Our Mission Building community in service of institutional goals and mission. ________________________________________ Our Strategic Priorities • Involve students in the leadership, direction and delivery of programs and services. • Instill a sense of connection to University Commons and Event Services, and UWF. • Improve programs, services and processes in response to user feedback, as well as institutional priorities and realities. Our Goals • Foster student and staff employability skills development. • Support student success. • Maximize operational excellence. • Provide excellent service to the institution and surrounding community. Our Values • Stewardship: We honor the monetary, physical, human and environmental resources with which we are entrusted. • Innovation: We leverage creativity, current technology and industry knowledge for the benefit of our students and community. • Student benefit: We hold as primary the learning, growth, success and positive experience of students. • Collaboration: We work hand-in-hand with student, campus and community partners in service of our mission. • Informed Practice: We are knowledgeable about our work, rely on evidence in decision-making and program design and utilize proven pedagogical practice to advance students’ learning and development.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
87.6% | 84.6% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
9.2% | 13.3% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.2% | 0.7% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
79.1 mo | 10.6 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
18.1% | 31.2% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
41.2% | 88.3% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
29.7% | 7.9% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
17.0% | 7.4% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
22.6% | 3.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $31.1M | $24.1M | $158.6M | 87.6% | 0 |
| 2023 | $24.0M | $20.6M | $147.1M | 85.9% | 0 |
| 2022 | $25.1M | $19.2M | $135.9M | 85.3% | 0 |
| 2021 | $24.3M | $18.1M | N/A | — | 0 |
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