Civic Intelligence

Florida State University Research Foundation Inc.

990 • Fiscal year 2021 • EIN 59-3211153

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 02, 2022

Organization ProfileWWW.RESEARCH.FSU.EDU
2000 Levy Ave No 351Tallahassee, FL 32310-5792

(850) 644-8650

Siviq Scores

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

Liabilities / Assets

34th percentile

0.13x

Higher debt load relative to assets than 34% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

76th percentile

1.16x

Higher debt load relative to revenue than 76% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Net Margin

85th percentile

45%

Higher net margin than 85% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

89th percentile

$1,571,959

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Asset Growth

61st percentile

15%

Faster asset growth than 61% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

48th percentile

9.9%

Faster revenue growth than 48% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$209,954,380

Up $28,070,036 (+15%) from 2020

Net Assets

Up

$182,062,760

Up $29,221,332 (+19%) from 2020

Liabilities

Down

$27,891,620

Down $1,151,296 (-4.0%) from 2020

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin85th percentile

Revenue

Up

$23,963,876

Up $2,153,192 (+9.9%) from 2020

Expenses

Down

$13,069,436

Down $2,923,143 (-18%) from 2020

Net Income

Up

$10,894,440

Up $5,076,335 (+87%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$300M$200M$100M$0Assets 2011: $147,802,960Liabilities 2011: $42,787,601Net Assets 2011: $105,015,3592011Assets 2012: $141,403,787Liabilities 2012: $40,463,555Net Assets 2012: $100,940,2322012Assets 2013: $135,335,177Liabilities 2013: $32,420,978Net Assets 2013: $102,914,1992013Assets 2014: $141,469,662Liabilities 2014: $28,991,847Net Assets 2014: $112,477,8152014Assets 2015: $145,497,175Liabilities 2015: $29,047,497Net Assets 2015: $116,449,6782015Assets 2016: $147,774,937Liabilities 2016: $29,597,363Net Assets 2016: $118,177,5742016Assets 2017: $158,968,854Liabilities 2017: $30,528,398Net Assets 2017: $128,440,4562017Assets 2018: $169,104,961Liabilities 2018: $29,137,266Net Assets 2018: $139,967,6952018Assets 2019: $179,270,956Liabilities 2019: $32,754,990Net Assets 2019: $146,515,9662019Assets 2020: $181,884,344Liabilities 2020: $29,042,916Net Assets 2020: $152,841,4282020Assets 2021: $209,954,380Liabilities 2021: $27,891,620Net Assets 2021: $182,062,7602021Assets 2022: $238,210,385Liabilities 2022: $69,758,573Net Assets 2022: $168,451,8122022Assets 2023: $245,277,590Liabilities 2023: $67,682,702Net Assets 2023: $177,594,8882023Assets 2024: $224,086,083Liabilities 2024: $66,841,634Net Assets 2024: $157,244,4492024

Highlighted filing

2021

Assets$209,954,380
Liabilities$27,891,620
Net Assets$182,062,760
Open 2021 Filing

Operations Trend

Revenue Growth48th percentile

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

$100M$50M$0-$50MExpenses 2011: $15,551,5982011Expenses 2012: $19,747,7802012Expenses 2013: $21,561,8432013Revenue 2014: $16,381,427Expenses 2014: $14,592,027Net Income 2014: $1,789,4002014Revenue 2015: $22,404,163Expenses 2015: $12,577,510Net Income 2015: $9,826,6532015Revenue 2016: $19,013,164Expenses 2016: $16,179,529Net Income 2016: $2,833,6352016Revenue 2017: $20,125,230Expenses 2017: $15,217,715Net Income 2017: $4,907,5152017Revenue 2018: $47,830,730Expenses 2018: $14,218,549Net Income 2018: $33,612,1812018Revenue 2019: $21,565,808Expenses 2019: $15,864,828Net Income 2019: $5,700,9802019Revenue 2020: $21,810,684Expenses 2020: $15,992,579Net Income 2020: $5,818,1052020Revenue 2021: $23,963,876Expenses 2021: $13,069,436Net Income 2021: $10,894,4402021Revenue 2022: $28,107,542Expenses 2022: $14,832,298Net Income 2022: $13,275,2442022Revenue 2023: $24,244,716Expenses 2023: $18,836,373Net Income 2023: $5,408,3432023Revenue 2024: $18,957,067Expenses 2024: $50,836,314Net Income 2024: -$31,879,2472024

Highlighted filing

2021

Revenue$23,963,876
Expenses$13,069,436
Net Income$10,894,440
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 2, 2022
Return Version
2020v4.2
Gross Receipts
$28,037,374
Mission and Program Overview

Mission

To promote, encourage and facilitate the research and training activities of faculty, staff and students of the florida state university through income from contracts, grants and other sources.

To promote, encourage, and assist the research and training in activities of faculty, staff, and students of florida state university (fsu) through income from contracts, grants, and other sources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$146,530,085$175,976,827▲ $29,446,742
Investments Other Securities$98,440,591$127,032,283▲ $28,591,692
Savings and Temporary Cash Investments$54,472,976$43,273,625▼ $11,199,351
Other Notes and Loans Receivable, Net$6,583,367$17,096,413▲ $10,513,046
Land, Buildings, and Equipment, Net$15,158,342$14,258,657▼ $899,685
Pd in Cap Srpls Land Bldg Eqp Fund$6,311,343$6,085,933▼ $225,410
Pledges and Grants Receivable$1,145,682$2,113,932▲ $968,250
Accounts Receivable$611,218$430,509▼ $180,709
Prepaid Expenses and Deferred Charges$219,591$105,353▼ $114,238
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$181,884,344$209,954,380▲ $28,070,036
Other Assets Total$5,252,577$5,643,608▲ $391,031
Liabilities
Other Liabilities$12,433,357$12,068,308▼ $365,049
Deferred Revenue$8,468,317$8,317,665▼ $150,652
Tax Exempt Bond Liabilities$7,930,000$7,335,000▼ $595,000
Accounts Payable and Accrued Expenses$211,242$170,647▼ $40,595
Total Liabilities$29,042,916$27,891,620▼ $1,151,296
Net Assets / Fund Balance
Total Net Assets Fund Balance$152,841,428$182,062,760▲ $29,221,332
Total Liabilities and Net Assets / Fund Balance$181,884,344$209,954,380▲ $28,070,036

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,599,963$15,681,981$27,281,944
Land$2,618,820-$2,618,820
Equipment$39,874$84,033$123,907
Other Land Buildings$0$79,658$79,658
Other Securities$3,730,000--
Closely Held Equity Interests$1,093,856--
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Heather CaveExecutive DirectorFT$99,630$99,630
Kelly StarkeSecretaryPT$99,278$99,278

Board Members and Trustees

NameTitle
Laurel FulkersonPresident as of 1/1/2021
Gary K OstranderPresident Till 12/31/2020
John ThrasherDirector
Joseph W LandersDirector
Kay StephensonDirector
Kim WilliamsDirector
Kyle ClarkDirector
Ricardo SchneiderDirector
Sally McrorieDirector
Sam HuckabaDirector
David CoburnFormer Director
William E SweeneyFormer Director
Holly C NewellFormer Officer
Kerry PelusoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Eversheds Sutherland (us) LLPLegal-patent And Copyright999 PEACHTREE ST NE SUITE 2300, Atlanta, GA 30309$269,756
Meunier Carlin & Curfman LLCLegal-patent And Copyright999 PEACHTREE ST NE STE 1300, Atlanta, GA 30309$120,705
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$13,259,331
Investment Income
$10,704,474
Other Revenue
$71
Change in Net Assets
$10,894,440

Audited Revenue Reconciliation

Revenue per Audited Statements
$23,963,876
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$18,380,946
Total Revenue per Audited Statements
$42,344,822
Total Revenue per Form 990
$23,963,876
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$9,250,554
Other Expenses$3,046,332
Salaries, Compensation, and Employee Benefits$772,550
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$9,250,554--$9,250,554
Depreciation Depletion$1,103,365$14,599-$1,117,964
Other Salaries and Wages-$636,044-$636,044
Other Expenses$318,461--$318,461
Current Officers, Directors, Trustees, and Key Employees-$98,425-$98,425
Fees for Service Investment Mgmnt Fees-$67,942-$67,942
Payroll Taxes-$38,081-$38,081
Fees for Services Accounting-$25,000-$25,000
Total Functional Expenses$12,189,345$880,091$0$13,069,436

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$13,123,490
Expenses per Audited Statements$13,069,436
Total Expenses per Form 990$13,069,436
Expenses Not Reported on Form 990$54,054
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Florida State UniversityTallahassee, FL115Research$9,250,554
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Florida State University$7,444,352
Department Royalty Allocations Payable$3,481,536
Unamortized Premium$658,187
Inventors Royalty Allocations Payable$304,696
Gift Annuity Obligation$179,537

Bond Issues

BondIssuerIssuedIssue PricePurpose
AState of Florida2013-01-01$11,920,000RESEARCH

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$11,920,000$11,920,000$4,585,000-

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
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
Yes
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, Section B, Line 11B

“Form 990 is reviewed by the director and assistant director. Any issues or questions are resolved with the independent accounting firm that prepares the forms. Upon the approval of director, the return is provided to the board 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.”

Form 990, Part VI, 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.”

Form 990, Part VI, Section B, Line 15A

“All salaries are in a payband based on position level. The director 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.”

Form 990, Part VI, Section C, Line 19

“The organization's financial statements, bylaws and articles of incorporation are avaialble on the website. Other governing documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Florida State University Research
EIN
59-3211153
Phone
8506448650
Address
2000 LEVY AVE NO 351, TALLAHASSEE, FL 32310-5792

Signing Officer

Name
Heather Cave
Title
Executive Director
Phone
8506448650
Signed
2022-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laurel Fulkerson
Formed
1993
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
James Moore & Co Pl
Address
5931 NW 1ST PL, GAINESVILLE, FL 32607-2063
Preparer
Ken Kurdziel
Phone
3523781331
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in annuity value -54,054.”

Form 990, Part XII, Line 2C

“The process for the selection and supervision of the organization's independent auditor has remained consistent with the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Pursuant to a determination letter received from the internal revenue service, the research foundation is exempt from federal income tax under section 501(c)(3) of the internal revenue code, and as such is liable for tax only on business income unrelated to the purpose for which it is exempt. No provision for income tax expense or liability has been made in either year presented.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Change in annuity value 54,054.”

Raw XML AppendixShowing 400 of 804 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0211242
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0170647
IRS990/AccountsReceivableGrp/BOYAmt0611218
IRS990/AccountsReceivableGrp/EOYAmt0430509
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROMOTE, ENCOURAGE, AND ASSIST THE RESEARCH AND TRAINING IN ACTIVITIES OF FACULTY, STAFF, AND STUDENTS OF FLORIDA STATE UNIVERSITY (FSU) THROUGH INCOME FROM CONTRACTS, GRANTS, AND OTHER SOURCES.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JENNY BUCIOR
IRS990/BooksInCareOfDetail/PhoneNum08506459848
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02000 LEVY AVENUE BLDG A SUITE 351
IRS990/BooksInCareOfDetail/USAddress/CityNm0TALLAHASSEE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd032310
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0146530085
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0175976827
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt098425
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt098425
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt0269756
IRS990/ContractorCompensationGrp/CompensationAmt1120705
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0999 PEACHTREE ST NE SUITE 2300
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1999 PEACHTREE ST NE STE 1300
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0ATLANTA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1ATLANTA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0GA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1GA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd030309
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd130309
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0EVERSHEDS SUTHERLAND (US) LLP
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1MEUNIER CARLIN & CURFMAN LLC
IRS990/ContractorCompensationGrp/ServicesDesc0LEGAL-PATENT AND COPYRIGHT
IRS990/ContractorCompensationGrp/ServicesDesc1LEGAL-PATENT AND COPYRIGHT
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt09250554
IRS990/CYInvestmentIncomeAmt010704474
IRS990/CYOtherExpensesAmt03046332
IRS990/CYOtherRevenueAmt071
IRS990/CYProgramServiceRevenueAmt013259331
IRS990/CYRevenuesLessExpensesAmt010894440
IRS990/CYSalariesCompEmpBnftPaidAmt0772550
IRS990/CYTotalExpensesAmt013069436
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt023963876
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt08468317
IRS990/DeferredRevenueGrp/EOYAmt08317665
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt014599
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01103365
IRS990/DepreciationDepletionGrp/TotalAmt01117964
IRS990/Desc0THE RESEARCH FOUNDATION ACCEPTS AND ADMINISTERS CONTRACTS AND GRANTS FROM PRIVATE SOURCES, (I.E. NON-U.S. FEDERAL, STATE AND LOCAL GOVERNMENTAL ENTITIES), WHICH ARE USED IN SUPPORT OF RESEARCH AT THE FLORIDA STATE UNIVERSITY. THE RESEARCH FOUNDATION PROCESSED 207 PROPOSALS AND 116 AWARDS IN THE CURRENT YEAR.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd00
IRS990/ExpenseAmt09250554
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt025000
IRS990/FeesForServicesAccountingGrp/TotalAmt025000
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt067942
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt067942
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt840.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt015.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt815.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt105.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt115.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd1X
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt029444
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt147398
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt245985
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt345436
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt892995
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt9310266
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1025606
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1181161
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1215875
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1330982
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1414115
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1534975
IRS990/Form990PartVIISectionAGrp/PersonNm0LAUREL FULKERSON
IRS990/Form990PartVIISectionAGrp/PersonNm1SALLY MCRORIE
IRS990/Form990PartVIISectionAGrp/PersonNm2KYLE CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm3SAM HUCKABA
IRS990/Form990PartVIISectionAGrp/PersonNm4JOSEPH W LANDERS
IRS990/Form990PartVIISectionAGrp/PersonNm5KAY STEPHENSON
IRS990/Form990PartVIISectionAGrp/PersonNm6KIM WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm7RICARDO SCHNEIDER
IRS990/Form990PartVIISectionAGrp/PersonNm8GARY K OSTRANDER
IRS990/Form990PartVIISectionAGrp/PersonNm9JOHN THRASHER
IRS990/Form990PartVIISectionAGrp/PersonNm10KELLY STARKE
IRS990/Form990PartVIISectionAGrp/PersonNm11KERRY PELUSO
IRS990/Form990PartVIISectionAGrp/PersonNm12HEATHER CAVE
IRS990/Form990PartVIISectionAGrp/PersonNm13DAVID COBURN
IRS990/Form990PartVIISectionAGrp/PersonNm14WILLIAM E SWEENEY
IRS990/Form990PartVIISectionAGrp/PersonNm15HOLLY C NEWELL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0189413
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1476750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2431318
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3307490
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt8353536
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt91261693
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1073672
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt11228778
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1283755
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt13534218
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt14152812
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt15162556
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT AS OF 1/1/2021
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT TILL 12/31/2020
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13FORMER DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14FORMER DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15FORMER OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01993
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt010521688
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt09250554
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt09250554
IRS990/GrantsToDomesticOrgsGrp/TotalAmt09250554
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt014595186
IRS990/GrossReceiptsAmt028037374
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0182786
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0182786
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt098440591
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0127032283
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt044
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt015845672
IRS990/LandBldgEquipBasisNetGrp/BOYAmt015158342
IRS990/LandBldgEquipBasisNetGrp/EOYAmt014258657
IRS990/LandBldgEquipCostOrOtherBssAmt030104329
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt04073498
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE, ENCOURAGE AND FACILITATE THE RESEARCH AND TRAINING ACTIVITIES OF FACULTY, STAFF AND STUDENTS OF THE FLORIDA STATE UNIVERSITY THROUGH INCOME FROM CONTRACTS, GRANTS AND OTHER SOURCES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0152841428
IRS990/NetAssetsOrFundBalancesEOYAmt0182062760
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt010521688
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt010521688
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt018380946
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05252577
IRS990/OtherAssetsTotalGrp/EOYAmt05643608
IRS990/OtherChangesInNetAssetsAmt0-54054
IRS990/OtherExpensesGrp/Desc0PATENT & LICENSING COST
IRS990/OtherExpensesGrp/Desc1ROYALTY ALLOCATIONS
IRS990/OtherExpensesGrp/Desc2RENTAL EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt01192914
IRS990/OtherExpensesGrp/ProgramServicesAmt1324051
IRS990/OtherExpensesGrp/ProgramServicesAmt2318461
IRS990/OtherExpensesGrp/TotalAmt01192914
IRS990/OtherExpensesGrp/TotalAmt1324051
IRS990/OtherExpensesGrp/TotalAmt2318461
IRS990/OtherLiabilitiesGrp/BOYAmt012433357
IRS990/OtherLiabilitiesGrp/EOYAmt012068308
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt071
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt071
IRS990/OtherRevenueTotalAmt071
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0636044
IRS990/OtherSalariesAndWagesGrp/TotalAmt0636044
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt06583367
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt017096413
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt038081
IRS990/PayrollTaxesGrp/TotalAmt038081
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt06311343
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt06085933
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01145682
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02113932
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0219591
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0105353
IRS990/PrincipalOfficerNm0LAUREL FULKERSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0CONTRACTS & GRANTS
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2LICENSING FEES & ROYALTIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09517920
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13183042
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2558369
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09517920
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13183042
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2558369
IRS990/ProgSrvcAccomActy2Grp/Desc0THE RESEARCH FOUNDATION OPERATES SEVEN BUILDINGS WITH THE OBJECTIVE OF PROVIDING RESEARCH FACILITIES FOR FLORIDA STATE UNIVERSITY TENANTS TO PERFORM RESEARCH.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01421826
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt03183042
IRS990/ProgSrvcAccomActy3Grp/Desc0ADMINISTERING INCOME FROM RESEARCH/ROYALTY CONTRACTS RECEIVED BY UNIVERSITY DEPARTMENTS AND LICENSING OR OTHER CONTRACTUAL ARRANGEMENTS RELATED TO PATENTABLE PRODUCTS DEVELOPED BY FLORIDA STATE UNIVERSITY FACULTY, STAFF, AND STUDENTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01516965
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0558369
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt012147103
IRS990/PYInvestmentIncomeAmt05087989
IRS990/PYOtherExpensesAmt03080326
IRS990/PYOtherRevenueAmt067630
IRS990/PYProgramServiceRevenueAmt016655065
IRS990/PYRevenuesLessExpensesAmt05818105
IRS990/PYSalariesCompEmpBnftPaidAmt0765150
IRS990/PYTotalExpensesAmt015992579
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt021810684
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt010894440
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt09517920
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt054472976
IRS990/SavingsAndTempCashInvstGrp/EOYAmt043273625
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0591961248
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt010996431
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0FLORIDA STATE UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt010996431
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt011599963
IRS990ScheduleD/BuildingsGrp/DepreciationAmt015681981
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt027281944
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt01093856
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd0C
IRS990ScheduleD/EquipmentGrp/BookValueAmt039874
IRS990ScheduleD/EquipmentGrp/DepreciationAmt084033
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0123907

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$209,954,380
Liabilities
$27,891,620
Net assets
$182,062,760
Revenue
$23,963,876
Expenses
$13,069,436
Net income
$10,894,440
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$224$66.8$157$19.0$50.8$31.9
2023Detailed filing. Detailed filing data is available for this year.$245$67.7$178$24.2$18.8$5.41
2022Detailed filing. Detailed filing data is available for this year.$238$69.8$168$28.1$14.8$13.3
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$210$27.9$182$24.0$13.1$10.9
2020Detailed filing. Detailed filing data is available for this year.$182$29.0$153$21.8$16.0$5.82
2019Detailed filing. Detailed filing data is available for this year.$179$32.8$147$21.6$15.9$5.70
2018Detailed filing. Detailed filing data is available for this year.$169$29.1$140$47.8$14.2$33.6
2017Detailed filing. Detailed filing data is available for this year.$159$30.5$128$20.1$15.2$4.91
2016Detailed filing. Detailed filing data is available for this year.$148$29.6$118$19.0$16.2$2.83
2015Detailed filing. Detailed filing data is available for this year.$145$29.0$116$22.4$12.6$9.83
2014Detailed filing. Detailed filing data is available for this year.$141$29.0$112$16.4$14.6$1.79
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$135$32.4$103$21.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$141$40.5$101$19.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$148$42.8$105$15.6