Civic Intelligence

University Research Foundation Inc.

990 • Fiscal year 2017 • EIN 52-1218749

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2018

6411 Ivy LaneGreenbelt, MD 20770

(301) 345-8664

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.05x

Higher debt load relative to assets than 43% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

49th percentile

0.09x

Higher debt load relative to revenue than 49% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

34th percentile

-1.6%

Higher net margin than 34% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

81st percentile

$137,534

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

37th percentile

-0.2%

Faster asset growth than 37% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

15th percentile

-16%

Faster revenue growth than 15% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$4,048,565

Down $9,037 (-0.2%) from 2016

Net Assets

Down

$3,827,438

Down $44,524 (-1.1%) from 2016

Liabilities

Up

$221,127

Up $35,487 (+19%) from 2016

Revenue

Down

$2,373,120

Down $457,356 (-16%) from 2016

Expenses

Down

$2,412,201

Down $437,688 (-15%) from 2016

Net Income

Down

-$39,081

Down $19,668 (-101%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2012: $4,169,575Liabilities 2012: $329,354Net Assets 2012: $3,840,2212012Assets 2015: $4,077,619Liabilities 2015: $239,508Net Assets 2015: $3,838,1112015Assets 2016: $4,057,602Liabilities 2016: $185,640Net Assets 2016: $3,871,9622016Assets 2017: $4,048,565Liabilities 2017: $221,127Net Assets 2017: $3,827,4382017Assets 2018: $3,391,552Liabilities 2018: $171,777Net Assets 2018: $3,219,7752018Assets 2019: $3,167,896Liabilities 2019: $131,022Net Assets 2019: $3,036,8742019Assets 2020: $3,020,539Liabilities 2020: $168,225Net Assets 2020: $2,852,3142020Assets 2021: $2,837,844Liabilities 2021: $262,617Net Assets 2021: $2,575,2272021Assets 2023: $2,575,250Liabilities 2023: $183,835Net Assets 2023: $2,391,4152023Assets 2024: $2,480,240Liabilities 2024: $268,789Net Assets 2024: $2,211,4512024

Highlighted filing

2017

Assets$4,048,565
Liabilities$221,127
Net Assets$3,827,438

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2012: $2,949,554Expenses 2012: $3,420,448Net Income 2012: -$470,8942012Revenue 2015: $2,778,952Expenses 2015: $2,647,826Net Income 2015: $131,1262015Revenue 2016: $2,830,476Expenses 2016: $2,849,889Net Income 2016: -$19,4132016Revenue 2017: $2,373,120Expenses 2017: $2,412,201Net Income 2017: -$39,0812017Revenue 2018: $1,723,443Expenses 2018: $1,771,140Net Income 2018: -$47,6972018Revenue 2019: $1,746,413Expenses 2019: $1,963,240Net Income 2019: -$216,8272019Revenue 2020: $1,825,243Expenses 2020: $2,057,181Net Income 2020: -$231,9382020Revenue 2021: $1,616,983Expenses 2021: $2,196,759Net Income 2021: -$579,7762021Revenue 2023: $2,241,663Expenses 2023: $2,284,843Net Income 2023: -$43,1802023Revenue 2024: $1,881,159Expenses 2024: $2,027,014Net Income 2024: -$145,8552024

Highlighted filing

2017

Revenue$2,373,120
Expenses$2,412,201
Net Income-$39,081
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.0
Gross Receipts
$2,373,120
Mission and Program Overview

Mission

The foundation's primary purpose is research and development of aeronautical and aircraft technology. The foundation is associated with the university of maryland and utilizes their facilities, staff and students on various projects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$875,751$1,225,254▲ $349,503
Investments in Publicly Traded Securities$1,091,467$1,120,201▲ $28,734
Investments Other Securities$806,072$814,722▲ $8,650
Cash and Non-Interest-Bearing Accounts$656,603$387,875▼ $268,728
Land, Buildings, and Equipment, Net$1,803$22,803▲ $21,000
Prepaid Expenses and Deferred Charges$12,999$12,999→ $0
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,057,602$4,048,565▼ $9,037
Other Assets Total$612,907$464,711▼ $148,196
Liabilities
Accounts Payable and Accrued Expenses$185,640$221,127▲ $35,487
Total Liabilities$185,640$221,127▲ $35,487
Net Assets / Fund Balance
Unrestricted Net Assets$3,871,962$3,827,438▼ $44,524
Total Net Assets Fund Balance$3,871,962$3,827,438▼ $44,524
Total Liabilities and Net Assets / Fund Balance$4,057,602$4,048,565▼ $9,037

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$21,252$174,717-
Equipment$1,551$322,668-
Other Assets Org$340,437--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John McKinleyProgram DirectorPT$32,557$104,977$137,534
E HeidhausenProgram DirectorFT$135,574-$135,574
Dr Norris J KronePresidentFT$134,006-$134,006
C ErtemEngineerFT$118,877-$118,877
Ryan JonesEngineerFT$99,397-$99,397
Roger PiersonDirectorFT$90,491-$90,491
Jewell B BarlowVice PresidentPT$25,814-$25,814
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,325,551
Investment Income
$47,569
Other Revenue
$0
Change in Net Assets
$-39,081

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,373,120
Total Revenue per Audited Statements
$2,373,120
Total Revenue per Form 990
$2,373,120
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,681,303
Other Expenses$730,898
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$917,655$206,325-$1,123,980
Current Officers, Directors, Trustees, and Key Employees-$250,311-$250,311
Other Employee Benefits$108,757$53,567-$162,324
Occupancy$106,787$52,597-$159,384
Payroll Taxes$81,124$39,957-$121,081
Other Expenses$53,828$7,935-$61,763
All Other Expenses$31,658$27,043-$58,701
Fees for Services Other-$40,037-$40,037
Pension Plan Contributions$15,817$7,790-$23,607
Insurance-$16,407-$16,407
Travel$12,162$1,152-$13,314
Conferences and Meetings$1,250$2,916-$4,166
Total Functional Expenses$1,599,033$813,168$0$2,412,201

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,412,201
Total Expenses per Audited Statements$2,412,201
Total Expenses per Form 990$2,412,201
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Brother / SisterSee Schedule RNo$272,237

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The President of the Foundation is provided with a copy of the Form 990 for review and approval prior to signing the return and filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The conflict of interest policy is reviewed and discussed during the annual review of all employees.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation is reviewed and approved by the Board of Directors on an annual basis.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The Foundation's Governing Documents, Confict of Interest Policy and Financial Statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
University Research Foundation Inc
EIN
52-1218749
Phone
3013458664
Address
6411 Ivy Lane, Greenbelt, MD 20770

Signing Officer

Name
Dr Norris J Krone
Title
President
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Norris J Krone
Formed
1981
Legal Domicile
Md
Voting Board Members
3
Independent Board Members
0
Employees
23

Preparer

Firm
Anderson & Company LLC
Address
PO BOX 2768, EASTON, MD 21601
Preparer
Samuel W Anderson III
Phone
4108296647
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012999
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012999
IRS990/PrincipalOfficerNm0Dr Norris J Krone
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541700
IRS990/ProgramServiceRevenueGrp/Desc0Other Income
IRS990/ProgramServiceRevenueGrp/Desc1Research
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0303
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12325248
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0303
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12325248
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt060217
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01176095
IRS990/PYProgramServiceRevenueAmt02770259
IRS990/PYRevenuesLessExpensesAmt0-19413
IRS990/PYSalariesCompEmpBnftPaidAmt01673794
IRS990/PYTotalExpensesAmt02849889
IRS990/PYTotalRevenueAmt02830476
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-39081
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02325248
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02325551
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02770152
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02705756
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02031840
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02043948
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt011877247
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04743
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt060217
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt073196
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0102178
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0125940
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0366274
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicSupportCY170Pct00.97010
IRS990ScheduleA/PublicSupportTotal170Amt011877247
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02325551
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02770152
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02705756
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02031840
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02043948
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt011877247
IRS990ScheduleA/TotalSupportAmt012243521
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01551
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0322668
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0324219
IRS990ScheduleD/ExpensesSubtotalAmt02412201
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0340437
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Due from University Technical Services
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt021252
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0174717
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0195969
IRS990ScheduleD/RevenueSubtotalAmt02373120
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022803
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0464711
IRS990ScheduleD/TotalBookValueSecuritiesAmt0814722
IRS990ScheduleD/TotalExpensesPerForm990Amt02412201
IRS990ScheduleD/TotalRevenuePerForm990Amt02373120
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02373120
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02412201
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0University Technical Services Inc
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Brother / Sister
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0272237
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0See Schedule R
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The President of the Foundation is provided with a copy of the Form 990 for review and approval prior to signing the return and filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The conflict of interest policy is reviewed and discussed during the annual review of all employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation is reviewed and approved by the Board of Directors on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Foundation's Governing Documents, Confict of Interest Policy and Financial Statements are made available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0264055879
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C Corp.
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Research
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0University Technical Services Inc
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt06411 Ivy Lane Suite 108
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Greenbelt
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0MD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd020770
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0true
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0true
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0The President and Vice President of University Research Foundation, Inc. each own 20% of the outstanding shares of Univeristy Technical Services, Inc. In addition, a key employee of University Research Foundation, Inc. also owns 20% of University Technical Services, Inc. University Technical Services Inc. provides research and development services for Governmental and For Profit entities.
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt1University Research Foundation, Inc. provides accounting and contract administration services to University Technical Services, Inc. as well as office space. These services are provided at a contractual rate of $24,544 per month in accordance with a Cooperative Agreement.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 Part IV Line 34
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 Schedule L Part IV Line 1
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0340437
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1272237
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cost
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Contractual
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0University Technical Services Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1University Technical Services Inc
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0d
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1l
IRS990ScheduleR/TransferFromOtherOrgInd0false

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