Florida State University Research Foundation Inc.

PART I - Summary

“LINE 13 $1,002,717 PART IX, LINE 3 -$201,010 CHANGE IN ACCRUAL $5,956 RF FUNDED PROGRAMS PER AUDITED FINANCIAL STATEMENTS $807,663 Part III - Statement of program accomplishments LINE 4D ADMINISTERING INCOME FROM RESEARCH/ROYALTY CONTRACTS RECEIVED BY UNIVERSITY DEPARTMENTS AND LICENSING OR OTHER CONTRACTUAL ARRANGEMENTS RELATED TO PATENTABLE PRODUCTS DEVELOPED BY FLORIDA STATE UNIVERSITY FACUTLY, STAFF, AND STUDENTS. (EXPENSES $2,128,796; REVENUE $1,068,130) PART V- STATEMENTS REGARDING OTHER IRS FILINGS AND TAX COMPLIANCE LINE 2A PER IRC SECTION 3121, IF TWO OR MORE RELATED CORPORATIONS CONCURRENTLY EMPLOY THE SAME INDIVIDUAL AND COMPENSATE SUCH INDIVIDUAL THROUGH A COMMON PAYMASTER EACH CORPORATION SHALL BE CONSIDERED TO HAVE PAID AS REMUNERATION TO SUCH INDIVIDUAL ONLY THE AMOUNTS ACTUALLY DISBURSED. Part VI - Governance, Management and Disclosure SECTION B, LINE 11A FORM 990 IS REVIEWED BY THE PRESIDENT AND CFO. The CFO resolves any issues or questions with the independent accounting firm that prepares the forms. UPON THE APPROVAL OF THE PRESIDENT AND CFO, THE RETURN IS PROVIDED TO THE BOARD FOR FINAL APPROVAL BEFORE THE RETURN IS FILED WITH THE IRS. Distribution to all board members may be in the form of electronic mail, notification of a link to a website or actual mailing of the document. SECTION B, LINE 12C THE BOARD OF DIRECTORS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY ANNUALLY. ANY KNOWN OR POTENTIAL CONFLICTS ARE DISCUSSED AND RESOLVED WITH THE CHAIRMAN OF THE BOARD. SECTION B, LINE 15 ALL SALARIES ARE IN A PAYBAND BASED ON POSITION LEVEL. THE CFO HAS AN ANNUAL WRITTEN CONTRACT WITH FSU. THE ORIGINAL SALARY WAS SET BY THE PRESIDENT OF FSU RESEARCH FOUNDATION, AND THE ASSOCIATE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION FOR FSU. SUBSEQUENT TO THAT, THERE IS AN ANNUAL REVIEW. SALARY INCREASES ARE PROVIDED WHEN THE STATE GIVES RAISES, AND WHEN APPROVED BY THE PRESIDENT. THE MOST RECENT COMPENSATION COMPARISON WAS CONDUCTED IN 2012. SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS, BYLAWS AND ARTICLES OF INCORPORATION ARE AVAILABLE ON THE WEBSITE. OTHER GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. PART IX - STATEMENT OF FUNCTIONAL EXPENSES CONTRIBUTIONS TO FSU INCLUDE EXPENSES REPORTED ON PART IX, LINE 24B OF $815,191. THE TOTAL CONTRIBUTIONS TO FSU ARE RECORDED ON PART III, LINE 4C IN THE AMOUNT OF $815,191. PART XI- RECONCILIATION OF NET ASSETS LINE 9 CHANGE IN ANNUITY VALUE: -$54,644”