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The University Financing Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$52.7M (2023)

Expenses
$48.7M (2023)

Total Assets
$500M (2023)

Total Liabilities
$376M (2023)

Years with missing data
Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$52,701,961
Expenses
$48,674,943
Net Income
$4,027,018
Net Assets
$123,627,882
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $31,373
0.1%
Dividends $2,041,049
3.9%
Sales of Assets $7,339,153
13.9%
Other Income $24,958,105
47.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $7,164,774
14.7%
Compensation of Officers* $3,691,388
7.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $499,661,037
Total Liabilities $376,033,155
Net Assets $123,627,882
Compensation
Key Employees and Officers Compensation Other
Kevin T Byrne (President, Ceo, Coo, Assistant Treasur) $990,000 $229,091
Victor R Clements (Senior Vice President Administration) $486,000 $150,390
Teresa A Failla (Assistant Vice President And Chief Of) $288,000 $99,625
Michael K Hair (Vice President Finance) $260,000 $98,512
Lisa A Beall (Controller, Assistant Treasurer) $254,500 $94,636
Anne M Tomsky (Assistant Vice President) $238,900 $87,225
Robert Vogel (Assistant Controller) $122,500 $37,730
Thomas H Hall Iii (Director, Consultant) $109,075 $0
Terri Kemp (Project Accountant) $105,600 $40,385
Thomas H Hall Iii (Director, Assistant Secretary) $80,950 $42,400
Thomas W Ventulett Iii (Director, Secretary) $80,950 $43,400
David M Mckenney (Director, Treasurer, Assist. Secretary) $80,950 $44,650
Seth P Garrett (Vice President Real Estate) $77,632 $27,497
Michael Haddow (Financial Analyst) $75,400 $28,455
Aj Robinson (Director, Secretary) $73,500 $48,626
Erika Underwood (Office Manager & Exe) $72,750 $29,121
Rebecca Smith (Office Manager) $62,800 $19,882
Kevin T Byrne (Director) $47,000 $35,791

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$70,788,810
Expenses
$61,322,399
Net Income
$9,466,411
Net Assets
$109,041,414
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $270
0.0%
Dividends $2,235,290
3.2%
Sales of Assets $15,642,494
22.1%
Other Income $37,286,703
52.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $62,125,003
> 100%
Compensation of Officers* $3,296,154
5.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $708,479,784
Total Liabilities $599,438,370
Net Assets $109,041,414
Compensation
Key Employees and Officers Compensation Other
Kevin T Byrne (President, Ceo, Coo, Assistant Treasur) $945,000 $208,558
Victor R Clements (Senior Vice President Administration) $437,500 $120,790
Lisa A Beall (Controller, Assistant Treasurer) $244,500 $92,963
Anne M Tomsky (Assistant Vice President) $205,000 $73,390
Teresa A Sellman (Assistant Vice President And Chief Of) $203,269 $69,681
Jordan Peterson (Vice President Real Estate) $158,732 $60,896
Thomas H Hall Iii (Director, Consultant) $120,650 $0
Terri Kemp (Project Accountant) $101,500 $37,537
Michael K Hair (Vice President Finance) $94,180 $33,716
Christopher Combs (Financial Analyst) $88,500 $27,258
Thomas H Hall Iii (Director, Assistant Secretary) $82,150 $42,400
Thomas W Ventulett Iii (Director, Secretary) $82,150 $43,136
David M Mckenney (Director, Treasurer, Assist. Secretary) $79,150 $38,400
Aj Robinson (Director) $77,950 $47,400
Michael Haddow (Financial Analyst) $72,500 $22,330
Erika Underwood (Office Manager & Exe) $67,500 $27,269
Rebecca Smith (Office Manager) $60,400 $18,603
Kevin T Byrne (Director) $41,250 $35,791

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$49,260,677
Expenses
$45,761,793
Net Income
$3,498,884
Net Assets
$117,250,251
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $527
0.0%
Dividends $1,814,733
3.7%
Sales of Assets $6,634,107
13.5%
Other Income $24,336,264
49.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,968,683
13.0%
Compensation of Officers* $3,200,985
7.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $745,997,091
Total Liabilities $628,746,840
Net Assets $117,250,251
Compensation
Key Employees and Officers Compensation Other
Kevin T Byrne (Pres, Ceo, Coo, Asst Treas, Asst Sec) $995,000 $200,688
Victor R Clements (Senior Vice President Administration) $395,000 $113,420
Jordan Peterson (Vice President Real Estate) $320,000 $107,820
Lisa A Beall (Controller, Asst Treas) $222,500 $85,087
Thomas H Hall Iii (Director, Consultant) $169,800 $0
Anne M Tomsky (Assistant Vice President) $155,469 $55,658
Zach Day (Director Of Marketin) $114,149 $35,158
Terri Kemp (Project Accountant) $98,780 $36,484
Christopher Combs (Financial Analyst) $86,810 $26,738
Sherry Billings (Office Mgr & Exec As) $85,267 $31,796
David M Mckenney (Director, Treasurer, And Asst. Sec.) $82,450 $38,400
Thomas H Hall Iii (Director, Assistant Secretary) $81,748 $42,400
Kelly Billings (Director Of Communic) $81,300 $27,954
Thomas W Ventulett Iii (Director, Secretary) $80,700 $42,642
Aj Robinson (Director) $79,500 $47,400

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$88,509,348
Expenses
$52,403,933
Net Income
$36,105,415
Net Assets
$109,259,641
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $25,780
0.0%
Dividends $1,135,516
1.3%
Sales of Assets $44,216,669
50.0%
Other Income $23,529,985
26.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $10,646,820
20.3%
Compensation of Officers* $2,742,571
5.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $721,231,640
Total Liabilities $611,971,999
Net Assets $109,259,641
Compensation
Key Employees and Officers Compensation Other
Kevin T Byrne (Pres, Ceo, Coo, Asst Treas, Asst Sec) $967,000 $198,398
Victor R Clements (Vice President Administration) $336,000 $111,630
Lisa A Beall (Controller, Asst Treas & Asst Sec) $199,000 $76,674
Jordan Peterson (Vice President) $192,384 $67,423
Thomas H Hall Iii (Director, Consultant) $190,200 $0
Zach Day (Director Of Marketin) $107,779 $33,196
Terri Kemp (Project Accountant) $96,500 $35,341
Christopher Combs (Financial Analyst) $84,000 $25,872
Thomas H Hall Iii (Director, Assistant Secretary) $81,702 $42,400
Thomas W Ventulett Iii (Director, Secretary) $79,500 $43,400
David M Mckenney (Director, Treasurer, And Asst. Sec.) $78,750 $38,400
Aj Robinson (Director) $76,750 $47,400
Sherry Billings (Office Mgr & Exec As) $76,100 $28,940
Alex Tucker (Financial Analyst) $64,056 $19,507

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$61,160,120
Expenses
$43,949,572
Net Income
$17,210,548
Net Assets
$65,325,985
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $23,922
0.0%
Dividends $1,129,979
1.8%
Sales of Assets $16,564,573
27.1%
Other Income $17,886,508
29.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,900,272
8.9%
Compensation of Officers* $2,355,484
5.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $680,181,501
Total Liabilities $614,855,516
Net Assets $65,325,985
Compensation
Key Employees and Officers Compensation Other
Kevin T Byrne (Pres, Ceo, Coo, Asst Treas, Asst Sec) $945,000 $195,608
Victor R Clements (Vice President Administration) $326,000 $113,840
Lisa A Beall (Controller, Asst Treas & Asst Sec) $194,000 $73,884
Thomas H Hall Iii (Director, Consultant) $138,950 $0
Mason Ailstock (Vice President Operations) $123,461 $48,219
Terri Kemp (Project Accountant) $93,900 $35,156
Thomas H Hall Iii (Director, Assistant Secretary) $81,200 $47,400
Thomas W Ventulett Iii (Director, Secretary) $79,950 $43,400
David M Mckenney (Director, Treasurer, And Asst. Sec.) $79,200 $38,400
Aj Robinson (Director) $75,250 $47,400
Sherry Billings (Office Mgr & Exec As) $74,095 $28,566
Rebecca Smith (Executive Assistant) $58,250 $17,940

Document Links

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$40,999,851
Expenses
$37,328,867
Net Income
$3,670,984
Net Assets
$27,378,046
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $3,000
0.0%
Interest Revenue $12,460,840
30.4%
Dividends $0
Sales of Assets $2,229,889
5.4%
Other Income $24,202,521
59.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,896,997
7.8%
Compensation of Officers* $1,881,650
5.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $415,438,171
Total Liabilities $388,060,125
Net Assets $27,378,046

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$45,662,461
Expenses
$38,894,612
Net Income
$6,767,849
Net Assets
$25,996,069
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $15,600
0.0%
Interest Revenue $13,624,757
29.8%
Dividends $0
Sales of Assets $7,674,141
16.8%
Other Income $23,879,246
52.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,646,836
6.8%
Compensation of Officers* $1,784,437
4.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $425,765,970
Total Liabilities $399,769,901
Net Assets $25,996,069

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$40,773,096
Expenses
$36,897,838
Net Income
$3,875,258
Net Assets
$21,496,012
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $14,900
0.0%
Interest Revenue $14,714,229
36.1%
Dividends $0
Sales of Assets $2,286,184
5.6%
Other Income $23,234,583
57.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $4,884,608
13.2%
Compensation of Officers* $1,733,450
4.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $423,424,209
Total Liabilities $401,928,197
Net Assets $21,496,012

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$41,034,809
Expenses
$38,310,054
Net Income
$2,724,755
Net Assets
$15,016,519
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $15,850,282
38.6%
Dividends $0
Sales of Assets $1,675,793
4.1%
Other Income $22,977,791
56.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $12,515,085
32.7%
Compensation of Officers* $1,826,437
4.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $444,185,932
Total Liabilities $429,169,413
Net Assets $15,016,519

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$41,616,898
Expenses
$39,925,638
Net Income
$1,691,260
Net Assets
$10,043,425
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $16,089,955
38.7%
Dividends $0
Sales of Assets $1,777,675
4.3%
Other Income $22,746,555
54.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $13,931,136
34.9%
Compensation of Officers* $1,754,567
4.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $434,308,080
Total Liabilities $424,264,655
Net Assets $10,043,425

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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