Ucf Convocation Corp
The corporation is organized and shall be at all times operated exclusively for the benefit of, to perform the function of, or to carry out the purpose of the university of Central Florida the corporation invests, receives, holds and administers property for the benefit of the university currently the corporation operates and manages 4 residence halls, parking structures, arena and retail facilities on behalf of the university
UCF Convocation Corporation
Overview
The UCF Convocation Corporation is a Florida-based, federally tax-exempt nonprofit organization. It is designated as a component of the University of Central Florida (UCF), serving as a direct support organization. The corporation was incorporated on October 26, 2005, to finance, construct, and operate facilities that support the university's needs.
Purpose and Activities
The primary purpose of the UCF Convocation Corporation is to provide financing solutions for university facilities, particularly those related to large meetings, convocation spaces, and student housing. The corporation manages significant facilities, including the Addition Financial Arena, which is a 10,000-seat venue used for university events such as graduations, sports games, and concerts. Additionally, it oversees four student residence halls, multiple parking garages, and approximately 80,000 square feet of retail space.
These facilities not only serve UCF students and faculty but also offer retail and lodging options to the broader community. The corporation prioritizes university events when booking the arena, ensuring that internal events take precedence over external requests.
Financial Operations
The UCF Convocation Corporation's revenue is primarily derived from program services, which cover a significant portion of its total income. This includes revenue from managing the facilities it operates. The corporation uses its revenues mainly for debt service and the operational maintenance of the facilities. Any surplus can be allocated to other university purposes with approval from the UCF Board of Trustees.
Governance and Structure
The corporation is governed by a board of directors, including representatives from the UCF Board of Trustees. Its operations are overseen by corporate officers who work closely with university personnel to ensure alignment with university goals.
Tax Status
The UCF Convocation Corporation is a tax-exempt organization, with donations to it being tax-deductible. It operates under the Internal Revenue Code as a 501(c)(3) nonprofit entity.
Assets and Liabilities
As of recent financial reports, the UCF Convocation Corporation has maintained substantial assets while also managing significant liabilities, primarily related to long-term debts associated with facility construction and maintenance.
Overall, the UCF Convocation Corporation plays a crucial role in supporting the infrastructure needs of the University of Central Florida, facilitating the growth and development of the institution through strategic facility management and financing solutions.
Edit WikiICO
161733312
Web
Sign in to see organisation website
Address
Orlando
From Social media
News about from their social media (Facebook and X).
Data about organisation
Orlando
Organisations from Ucf Convocation Corp

1. Angel Christian Television TR, Inc.
📺 GOD TV 24/7.

2. Orlando Orange County Convention & Visitors Bureau Inc
Welcome to the official page for Visit Orlando.

Robin Greenfield is a truth seeker, activist, social reformer and servant to Earth, humanity and our plant and animal relatives.
Interesting nearby
Interesting organisations close by to residence of Ucf Convocation Corp

Alliance Community for Retirement Living Inc
A Beautiful Life Care Retirement Community, providing Independence for Life.
Join us and make a difference for the future!
Sign Up
Please fill in your information. Everything is free, we might contact you with updates (but cancel any time!)
Sign in with GoogleOr
Good News

Thrilled to hear that Doja Cat and Gracie Abrams will bring their talent to Vogue World: Hollywood, celebrating diversity and creativity in the entertainment industry! 🎉✨ #PositiveVibes #CulturalCelebration
Doja Cat and Gracie Abrams Set to Perform at Vogue World: Hollywood in Front of A-Listers
The Hollywood Reporter
Like Comment