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Education · 2023 Form 990

Nova Southeastern University Inc: $937.8M Revenue, $886.7M Expenses

Ft Lauderdale, Florida · EIN 591083502 · Filing year 2023

Nova Southeastern University Inc reported $937.8M in total revenue, $886.7M in total expenses, and $2.0B in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $7.0M (0.75% of revenue). NonprofitTruth efficiency grade: A (88/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
A
Efficiency Score
88/100

Key Facts (2023 Form 990)

Total Revenue
$937.8M
Total Expenses
$886.7M
Total Assets
$2.0B
Reserve Months
26.9 months
Surplus / (Deficit)
$51.1M
EIN
591083502
Latest 990 Year
2023
Current-Officer Compensation
$7.0M
Officer Comp % of Revenue
0.75%

Nova Southeastern University Inc earns an A on the NonprofitTruth efficiency rubric — a top-tier rating that reflects healthy operating reserves, reasonable officer compensation, and steady multi-year revenue. The composite score of 88/100 places it in the upper bracket of U.S. tax-exempt organizations.

Nova Southeastern University Inc is a large nonprofit by U.S. standards: $937.8M in 2023 revenue against $886.7M in expenses. Organizations in this revenue bracket usually run multiple programs with permanent staff and a meaningful endowment or reserve. On the reserves factor, Nova Southeastern University Inc scores well — assets relative to annual spending sit in the range nonprofit-finance experts consider healthy (roughly three months to two years of operating expenses).

Revenue has grown meaningfully across the five-year filing history — a sign of expanding donor base, new grants, or scaling programs. Nova Southeastern University Inc reported $937.8M in 2023, up notably from the start of the window. Officer compensation is modest relative to organizational size: Nova Southeastern University Inc reports $7.0M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $937.8M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. In the Education category, Nova Southeastern University Inc sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue figures should be read.


$937.8M
Revenue
$886.7M
Expenses
$2.0B
Total Assets
$7.0M
Officer Compensation

How Nova Southeastern University Inc Compares

Nova Southeastern University Inc earns a NonprofitTruth efficiency grade of A (88/100). That is 24 points above the Education category average. Compensation for current officers and key employees represents 0.75% of total revenue. The organization holds 26.9 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$886.7M
Total Expenses
Filing year 2023
$7.0M
Officer Compensation
0.75% of revenue
26.9 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Nova Southeastern University Inc reported $937.8M in revenue against $886.7M in total functional expenses for filing year 2023, holding roughly 26.9 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

The 990 reports $7.0M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 0.75% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.

Trend

Revenue History

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Nova Southeastern University Inc has a NonprofitTruth Efficiency Score of A (88/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Nova Southeastern University Inc, Donor FAQ

Nova Southeastern University Inc has a NonprofitTruth Efficiency Score of A (88/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Nova Southeastern University Inc reports $7.0M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 0.75% of the organization's $937.8M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.

Nova Southeastern University Inc reported $937.8M in annual revenue and $886.7M in total expenses for filing year 2023. The organization holds $2.0B in total assets.

Nova Southeastern University Inc holds approximately 26.9 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its A efficiency grade.

Nova Southeastern University Inc is a registered 501(c) organization with EIN 591083502, based in Ft Lauderdale, Florida. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.