Civic Intelligence

University of Georgia Research Foundation Inc

EIN 58-1353149 • 501(c)3 • Athens, GA

Profile

The university of georgia research foundation (research foundation) is organized to fulfill broad scientific, literary, educational, and charitable purposes and operates to enhance the mission of the university of georgia (university) of teaching, research, and public service. The research foundation contributes to the research function of the university by securing research contracts, grants, and awards from individuals, institutions, private organizations, and government agencies for the performance of sponsored research in the various university colleges, schools, departments, and other units. In the intellectual property administration agreement, the board of regents of the university system of georgia authorized the research foundation to serve as the official recipient of all research contracts, grants, and awards for the conduct of sponsored research at the university.

324 Business Srvcs 456 E Broad StAthens, GA 30602

research.uga.edu/ugarf

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.50x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Liabilities / Revenue

26th percentile

0.23x

Higher debt load relative to revenue than 26% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Net Margin

41st percentile

1.8%

Higher net margin than 41% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Top Officer Pay

59th percentile

$1,045,880

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Asset Growth

80th percentile

14%

Faster asset growth than 80% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Revenue Growth

50th percentile

8.7%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$160,490,139

Up $19,934,958 (+14%) from 2024

Liabilities

Up

$79,455,145

Up $8,994,859 (+13%) from 2024

Net Assets

Up

$81,034,994

Up $10,940,099 (+16%) from 2024

Operations
Liabilities / Revenue26th percentileNet Margin41st percentile

Revenue

Up

$348,882,827

Up $27,925,664 (+8.7%) from 2024

Expenses

Up

$342,668,271

Up $25,363,370 (+8.0%) from 2024

Net Income

Up

$6,214,556

Up $2,562,294 (+70%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth80th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200M$150M$100M$50M$0Assets 2011: $94,888,276Liabilities 2011: $51,482,442Net Assets 2011: $43,405,8342011Assets 2012: $86,709,666Liabilities 2012: $45,196,234Net Assets 2012: $41,513,4322012Assets 2013: $85,684,342Liabilities 2013: $42,129,094Net Assets 2013: $43,555,2482013Assets 2014: $90,595,674Liabilities 2014: $41,600,285Net Assets 2014: $48,995,3892014Assets 2015: $101,298,363Liabilities 2015: $56,088,731Net Assets 2015: $45,209,6322015Assets 2016: $99,737,020Liabilities 2016: $54,114,787Net Assets 2016: $45,622,2332016Assets 2017: $113,585,507Liabilities 2017: $64,068,268Net Assets 2017: $49,517,2392017Assets 2018: $103,317,598Liabilities 2018: $57,489,169Net Assets 2018: $45,828,4292018Assets 2019: $135,852,925Liabilities 2019: $87,829,136Net Assets 2019: $48,023,7892019Assets 2020: $110,637,917Liabilities 2020: $60,095,719Net Assets 2020: $50,542,1982020Assets 2021: $134,534,094Liabilities 2021: $72,786,734Net Assets 2021: $61,747,3602021Assets 2022: $126,359,390Liabilities 2022: $68,299,134Net Assets 2022: $58,060,2562022Assets 2023: $132,475,705Liabilities 2023: $69,830,304Net Assets 2023: $62,645,4012023Assets 2024: $140,555,181Liabilities 2024: $70,460,286Net Assets 2024: $70,094,8952024Assets 2025: $160,490,139Liabilities 2025: $79,455,145Net Assets 2025: $81,034,9942025

Highlighted filing

2025

Assets$160,490,139
Liabilities$79,455,145
Net Assets$81,034,994
Open 2025 Filing

Operations Trend

Revenue Growth50th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400M$300M$200M$100M$0-$100MExpenses 2011: $162,265,7842011Expenses 2012: $160,994,6992012Expenses 2013: $155,020,8672013Revenue 2014: $150,778,563Expenses 2014: $145,639,329Net Income 2014: $5,139,2342014Revenue 2015: $155,733,816Expenses 2015: $159,195,853Net Income 2015: -$3,462,0372015Revenue 2016: $171,411,708Expenses 2016: $168,707,386Net Income 2016: $2,704,3222016Revenue 2017: $194,083,963Expenses 2017: $190,828,407Net Income 2017: $3,255,5562017Revenue 2018: $195,135,767Expenses 2018: $195,371,741Net Income 2018: -$235,9742018Revenue 2019: $195,342,779Expenses 2019: $194,263,759Net Income 2019: $1,079,0202019Revenue 2020: $276,388,255Expenses 2020: $274,524,859Net Income 2020: $1,863,3962020Revenue 2021: $239,193,829Expenses 2021: $234,934,795Net Income 2021: $4,259,0342021Revenue 2022: $273,465,461Expenses 2022: $268,127,369Net Income 2022: $5,338,0922022Revenue 2023: $273,342,749Expenses 2023: $270,663,490Net Income 2023: $2,679,2592023Revenue 2024: $320,957,163Expenses 2024: $317,304,901Net Income 2024: $3,652,2622024Revenue 2025: $348,882,827Expenses 2025: $342,668,271Net Income 2025: $6,214,5562025

Highlighted filing

2025

Revenue$348,882,827
Expenses$342,668,271
Net Income$6,214,556
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$160,490,139
Liabilities
$79,455,145
Net assets
$81,034,994
Revenue
$348,882,827
Expenses
$342,668,271
Net income
$6,214,556
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$160$79.5$81.0$349$343$6.21
2024Detailed filing. Detailed filing data is available for this year.$141$70.5$70.1$321$317$3.65
2023Detailed filing. Detailed filing data is available for this year.$132$69.8$62.6$273$271$2.68
2022Detailed filing. Detailed filing data is available for this year.$126$68.3$58.1$273$268$5.34
2021Detailed filing. Detailed filing data is available for this year.$135$72.8$61.7$239$235$4.26
2020Detailed filing. Detailed filing data is available for this year.$111$60.1$50.5$276$275$1.86
2019Detailed filing. Detailed filing data is available for this year.$136$87.8$48.0$195$194$1.08
2018Detailed filing. Detailed filing data is available for this year.$103$57.5$45.8$195$195$0.24
2017Detailed filing. Detailed filing data is available for this year.$114$64.1$49.5$194$191$3.26
2016Detailed filing. Detailed filing data is available for this year.$99.7$54.1$45.6$171$169$2.70
2015Detailed filing. Detailed filing data is available for this year.$101$56.1$45.2$156$159$3.46
2014Detailed filing. Detailed filing data is available for this year.$90.6$41.6$49.0$151$146$5.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$85.7$42.1$43.6$155
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$86.7$45.2$41.5$161
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$94.9$51.5$43.4$162
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 10, 2025
Return Version
2024v5.1
Gross Receipts
$366,142,482
Mission and Program Overview

Mission

The university of georgia research foundation (research foundation) is organized to fulfill broad scientific, literary, educational, and charitable purposes and operates to enhance the mission of the university of georgia (university) of teaching, research, and public service. The research foundation contributes to the research function of the university by securing research contracts, grants, and awards from individuals, institutions, private organizations, and government agencies for the performance of sponsored research in the various university colleges, schools, departments, and other units. In the intellectual property administration agreement, the board of regents of the university system of georgia authorized the research foundation to serve as the official recipient of all research contracts, grants, and awards for the conduct of sponsored research at the university.

The university of georgia research foundation obtains government and private research grants on behalf of the university of georgia. Grants are awarded to faculty researchers at the university of georgia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$55,342,341$64,223,336▲ $8,880,995
Savings and Temporary Cash Investments$17,148,970$28,135,929▲ $10,986,959
Investments Program Related$435,796$459,302▲ $23,506
Land, Buildings, and Equipment, Net$107,629$107,629→ $0
Accounts Receivable$968$48,695▲ $47,727
Investments Other Securities$1,905$807▼ $1,098
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$140,555,181$160,490,139▲ $19,934,958
Other Assets Total$67,517,572$67,514,441▼ $3,131
Liabilities
Other Liabilities$69,034,230$78,078,090▲ $9,043,860
Accounts Payable and Accrued Expenses$1,419,781$1,370,780▼ $49,001
Deferred Revenue$6,275$6,275→ $0
Total Liabilities$70,460,286$79,455,145▲ $8,994,859
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$70,094,895$81,034,994▲ $10,940,099
Total Net Assets Fund Balance$70,094,895$81,034,994▲ $10,940,099
Total Liabilities and Net Assets / Fund Balance$140,555,181$160,490,139▲ $19,934,958

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$1,142,306$1,142,306
Land$107,629-$107,629
Other Assets Org$1,765,575--
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleOtherTotal
Alicia PeduzziDirector$88,176$88,176
Alan G DarvillDirector$58,691$58,691

Board Members and Trustees

NameTitle
Jere W MoreheadPresident/chair
Christopher KingExecutive Vice President
Karen BurgExecutive Vice President
C Greg GuyerDirector
Franklin D WestDirector
Gregory H RobinsonDirector
Janette HillDirector
Mary Ann MoranDirector
Michael R StrandDirector
N Kirby AltonDirector
S Jack HuDirector
Steven R H BeachDirector
Susan C WaltmanDirector
Susanne HollingerDirector
THOMAS A McCALLDirector
Teresa L OstapowerDirector
Derek E EberhartChief Licensing Officer
Ryan a NesbitFinancial VP/treasurer
Jessica K OrbockSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Pabst Patent Group LLPPatent & License Fees1201 Peachtree St 400 Colony Squar, Atlanta, GA 30361, Sz$458,250
Thomas Horstemeyer LLPPatent & License Fees100 Galleria ParkwayNW Suite 1750, Atlanta, GA 30339-5948$412,050
Greenberg Traurig LLPPatent & License FeesOne International Place Suite 2000, Boston, MA 02110$284,063
Mueting Raasch GroupPatent & License Fees111 Washington Ave S Suite 700, Minneapolis, MN 55401$249,491
Ipris AgPatent & License Fees-$234,257
Revenue and Support

Revenue Composition

Contributions and Grants
$325,886,126
Program Service Revenue
$166,060
Investment Income
$3,540,332
Other Revenue
$19,290,309
All Other Contributions
$37,831,527
Change in Net Assets
$6,214,556

Audited Revenue Reconciliation

Revenue per Audited Statements
$348,715,600
Revenue Not Reported on Financial Statements
$167,227
Revenue Not Reported on Form 990
$4,725,543
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$353,441,143
Total Revenue per Form 990
$348,882,827
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$318,603,455
Other Expenses$24,064,816
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$318,603,455--$318,603,455
Royalties$13,574,986--$13,574,986
Other Expenses$2,355,817--$2,355,817
All Other Expenses$0$257,685$0$257,685
Fees for Service Investment Mgmnt Fees-$167,227-$167,227
Insurance-$114,451-$114,451
Fees for Services Accounting-$63,844-$63,844
Office Expenses-$32,833-$32,833
Occupancy-$20,816-$20,816
Conferences and Meetings-$10,001-$10,001
Fees for Services Legal-$7,808-$7,808
Total Functional Expenses$341,993,606$674,665$0$342,668,271

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$342,668,271
Expenses per Audited Statements$342,501,044
Total Expenses per Audited Statements$342,501,044
Expenses Not Reported on Financial Statements$167,227
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of GeorgiaAthens, GAGovernmentSee Statement$318,603,455

International Summary

Offices
0
Employees
0
Spending
$288,484

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)Program Services-00$285,591
South AmericaProgram ServicesLicenses and Intellectual Property Expense00$2,086
Central America and the CaribbeanInvestmentsLicenses and Intellectual Property Expense00$807
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$78,078,090
Accounts Payable - University-
Unearned Lease Income-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

“The research foundation's president, vice chair, executive vice president and financial vice president (all voting members) are elected or appointed as ex-officio members by virtue of their university position. Three voting members are appointed or elected by the uga alumni association. Three voting members are appointed or elected by the university council. Three voting members are appointed or elected by the university of georgia foundation. Four voting members are elected by vote of the research foundation board of directors.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“Irs form 990 is provided electronically to board members prior to the filing deadline with sufficient lead-time to allow for review by board members.”

Form 990, Part VI, Line 12C Conflict of interest policy

“Board members of the research foundation are given a form to complete each year requesting disclosure of all related entities and transactions. Any conflicts noted are discussed and appropriate action taken, if deemed necessary.”

Form 990, Part VI, Line 18 How forms are made available to the public

“The research foundation's form 1023 and 990 can be requested through an electronic request form on the research foundation's website.”

Form 990, Part VI, Line 19 Required documents available to the public

“The research foundation's governing documents, conflict of interest policy, and financial statements are available to the public on the research foundation's website.”

Form 990, Part VIII, Line 2F Other Program Service Revenue

“Other Revenue - Total Revenue: 166060, Related or Exempt Function Revenue: 166060, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

Filing and Contact Details

Filer

Filer Name
University of Georgia Research Foundation Inc
EIN
58-1353149
Phone
7065426860
Address
324 Business Srvcs 456 E Broad St, Athens, GA 30602

Signing Officer

Name
Ryan Nesbit
Title
Treasurer
Signed
2025-12-10
Discuss with paid preparer
Yes

Organization Details

Formed
1978
Legal Domicile
Ga
Voting Board Members
18
Independent Board Members
6
Employees
0
Volunteers
16

Preparer

Firm
Cherry Bekaert Advisory LLC
Address
1075 Peachtree Street NE Suite 1600, Atlanta, GA 30309
Preparer
Melanie McPeak
Phone
4042090954
Raw XML AppendixShowing 400 of 932 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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