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Nonprofiteer
← UNIVERSITY OF FLORIDA RESEARCH FOUNDATION INC

Form 990 for tax year 2023

Filed by UNIVERSITY OF FLORIDA RESEARCH FOUNDATION INC.

Totals

Total revenue
$45,326,504
Total expenses
$47,445,635
Contributions and grants received
$0
Grants paid
$8,879,394
Program services expenses (Part IX)
$45,494,687
Management and general expenses
$1,950,948
Fundraising expenses
$0
Program service expenses (Part III)
$45,494,687

Program services were 95.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DAVID P NORTON

    PRESIDENT/CHAIR

    Total calculated
    $484,723
    From this org
    $108,167
    From related orgs
    $324,502
    Other
    $52,054
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $104,773 + $314,320 related
    Bonus
    $1,144 + $3,432 related
    Other
    $2,250 + $6,750 related
    Deferred
    $7,152 + $21,455 related
    Nontaxable benefits
    $5,862 + $17,585 related
    Filer's total
    $121,181 + $363,542 related

  • BRAD BENNETT

    AUDIT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • FORREST MASTERS

    BOARD MEMBER

    Total calculated
    $478,407
    From this org
    $0
    From related orgs
    $419,688
    Other
    $58,719
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $419,688 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,785 related
    Nontaxable benefits
    $0 + $24,934 related
    Filer's total
    $0 + $478,407 related

  • CURTIS A REYNOLDS

    BOARD MEMBER - UNTIL 4/2024

    Total calculated
    $480,781
    From this org
    $0
    From related orgs
    $365,655
    Other
    $115,126
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $347,265 related
    Bonus
    $0
    Other
    $0 + $18,390 related
    Deferred
    $0 + $89,474 related
    Nontaxable benefits
    $0 + $25,652 related
    Filer's total
    $0 + $480,781 related

  • DAVID E RICHARDSON

    BOARD MEMBER

    Total calculated
    $456,411
    From this org
    $0
    From related orgs
    $394,602
    Other
    $61,809
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $394,602 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $38,443 related
    Nontaxable benefits
    $0 + $23,366 related
    Filer's total
    $0 + $456,411 related

  • SABY MITRA

    BOARD MEMBER

    Total calculated
    $604,373
    From this org
    $0
    From related orgs
    $551,328
    Other
    $53,045
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $538,840 related
    Bonus
    $0
    Other
    $0 + $12,488 related
    Deferred
    $0 + $28,572 related
    Nontaxable benefits
    $0 + $24,473 related
    Filer's total
    $0 + $604,373 related

  • DAVID NELSON

    BOARD MEMBER

    Total calculated
    $1,291,515
    From this org
    $0
    From related orgs
    $1,233,849
    Other
    $57,666
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,229,037 related
    Bonus
    $0
    Other
    $0 + $4,812 related
    Deferred
    $0 + $32,769 related
    Nontaxable benefits
    $0 + $24,897 related
    Filer's total
    $0 + $1,291,515 related

  • WESLEY KENT FUCHS

    BOARD MEMBER - UNTIL 2/2023

    Total calculated
    $1,303,331
    From this org
    $0
    From related orgs
    $1,166,881
    Other
    $136,450
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $977,923 related
    Bonus
    $0
    Other
    $0 + $188,958 related
    Deferred
    $0 + $113,916 related
    Nontaxable benefits
    $0 + $22,534 related
    Filer's total
    $0 + $1,303,331 related

  • JOSEPH GLOVER

    BOARD MEMBER - UNTIL 12/2023

    Total calculated
    $592,039
    From this org
    $0
    From related orgs
    $535,241
    Other
    $56,798
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $526,241 related
    Bonus
    $0
    Other
    $0 + $9,000 related
    Deferred
    $0 + $43,302 related
    Nontaxable benefits
    $0 + $13,496 related
    Filer's total
    $0 + $592,039 related

  • CAROLYN K ROBERTS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID E KRATZER

    BOARD MEMBER- AS OF 4/2024

    Total calculated
    $180,931
    From this org
    $0
    From related orgs
    $166,175
    Other
    $14,756
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $161,517 related
    Bonus
    $0 + $4,658 related
    Other
    $0
    Deferred
    $0 + $14,724 related
    Nontaxable benefits
    $0 + $32 related
    Filer's total
    $0 + $180,931 related

  • BEN SASSE

    BOARD MEMBER - AS OF 2/2023

    Total calculated
    $1,058,991
    From this org
    $0
    From related orgs
    $877,907
    Other
    $181,084
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $874,483 related
    Bonus
    $0
    Other
    $0 + $3,424 related
    Deferred
    $0 + $158,230 related
    Nontaxable benefits
    $0 + $22,854 related
    Filer's total
    $0 + $1,058,991 related

  • ROBERT A GILBERT

    BOARD MEMBER

    Total calculated
    $352,818
    From this org
    $0
    From related orgs
    $300,664
    Other
    $52,154
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,664 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $29,369 related
    Nontaxable benefits
    $0 + $22,785 related
    Filer's total
    $0 + $352,818 related

  • SCOTT ANGLE

    BOARD MEMBER

    Total calculated
    $546,921
    From this org
    $0
    From related orgs
    $487,218
    Other
    $59,703
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $461,218 related
    Bonus
    $0 + $26,000 related
    Other
    $0
    Deferred
    $0 + $35,173 related
    Nontaxable benefits
    $0 + $24,530 related
    Filer's total
    $0 + $546,921 related

  • JULIE RHEE

    SECRETARY/FINANCE DIRECTOR

    Total calculated
    $189,256
    From this org
    $79,621
    From related orgs
    $79,621
    Other
    $30,014
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $78,986 + $78,986 related
    Bonus
    $635 + $635 related
    Other
    $0
    Deferred
    $7,857 + $7,857 related
    Nontaxable benefits
    $7,150 + $7,150 related
    Filer's total
    $94,628 + $94,628 related

  • GEORGE KOLB

    TREASURER AS OF 7/29/2023

    Total calculated
    $259,760
    From this org
    $0
    From related orgs
    $207,638
    Other
    $52,122
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,964 related
    Bonus
    $0 + $1,674 related
    Other
    $0
    Deferred
    $0 + $27,136 related
    Nontaxable benefits
    $0 + $24,986 related
    Filer's total
    $0 + $259,760 related

  • STEPHANIE GRAY

    DIR. OF SPONSORED PROGRAMS

    Total calculated
    $329,272
    From this org
    $0
    From related orgs
    $292,225
    Other
    $37,047
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,395 related
    Bonus
    $0 + $1,830 related
    Other
    $0
    Deferred
    $0 + $24,920 related
    Nontaxable benefits
    $0 + $12,127 related
    Filer's total
    $0 + $329,272 related

  • JAMES F O'CONNELL

    DIR. OF TECH LICENSING

    Total calculated
    $427,070
    From this org
    $363,581
    From related orgs
    $0
    Other
    $63,489
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $363,581
    Bonus
    $0
    Other
    $0
    Deferred
    $41,473
    Nontaxable benefits
    $22,016
    Filer's total
    $427,070

  • CHRIS COWEN

    TREASURER UNTIL 7/29/2023

    Total calculated
    $568,338
    From this org
    $0
    From related orgs
    $446,316
    Other
    $122,022
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $377,270 related
    Bonus
    $0
    Other
    $0 + $69,046 related
    Deferred
    $0 + $52,133 related
    Nontaxable benefits
    $0 + $69,889 related
    Filer's total
    $0 + $568,338 related

  • RICHARD CROLEY

    ASST. DIR. LICENSING OFFICER

    Total calculated
    $171,699
    From this org
    $126,996
    From related orgs
    $0
    Other
    $44,703
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $125,944
    Bonus
    $0
    Other
    $1,052
    Deferred
    $17,173
    Nontaxable benefits
    $27,530
    Filer's total
    $171,699

  • ANITA RAO

    DIR. OF UF INNOVATE PATHWAYS

    Total calculated
    $178,614
    From this org
    $142,475
    From related orgs
    $0
    Other
    $36,139
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $141,345
    Bonus
    $0
    Other
    $1,130
    Deferred
    $13,984
    Nontaxable benefits
    $22,155
    Filer's total
    $178,614

  • WILSON LEONARD TERRY

    ASST. DIR. LICENSING OFFICER

    Total calculated
    $171,283
    From this org
    $131,687
    From related orgs
    $0
    Other
    $39,596
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $130,609
    Bonus
    $0
    Other
    $1,078
    Deferred
    $13,338
    Nontaxable benefits
    $26,258
    Filer's total
    $171,283

  • JOHN BYATT

    ASSOC. DIR. OF TECH LICENSING

    Total calculated
    $198,591
    From this org
    $160,835
    From related orgs
    $0
    Other
    $37,756
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $160,835
    Bonus
    $0
    Other
    $0
    Deferred
    $15,740
    Nontaxable benefits
    $22,016
    Filer's total
    $198,591

  • JACKSON STREETER

    DIR. OF UF INNOVATE

    Total calculated
    $232,147
    From this org
    $183,987
    From related orgs
    $0
    Other
    $48,160
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $182,522
    Bonus
    $0
    Other
    $1,465
    Deferred
    $23,932
    Nontaxable benefits
    $24,228
    Filer's total
    $232,147

  • ALAN WEST

    FORMER INTERIM TREASURER

    Total calculated
    $195,123
    From this org
    $0
    From related orgs
    $163,663
    Other
    $31,460
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,663 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,794 related
    Nontaxable benefits
    $0 + $15,666 related
    Filer's total
    $0 + $195,123 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
THROUGH THE RELATED ORGANIZATION THAT EMPLOYS THEM, INDIVIDUALS REPORTED IN PART II GENERALLY PARTICIPATE IN THE FLORIDA RETIREMENT SYSTEM (FRS), A MULTI-EMPLOYER RETIREMENT SYSTEM CREATED UNDER CHAPTER 121 OF THE FLORIDA STATUTES & ADMINISTERED BY THE FLORIDA DIVISION OF RETIREMENT. AS STATED ON THE WEBSITE OF FRS, IT IS FUNDED BY CONTRIBUTIONS PAID BY EMPLOYERS & EMPLOYEES BASED ON A PERCENTAGE OF THE EMPLOYEES' SALARIES. THE RATE OF CONTRIBUTIONS REQUIRED IS DETERMINED BY AN ACTUARIAL CONSULTING FIRM TO ASSURE COMPLIANCE WITH THE FUNDING REQUIREMENTS OF THE CONSTITUTION OF THE STATE OF FLORIDA. EMPLOYEES' CONTRIBUTIONS ARE 3% WITH THE EMPLOYER CONTRIBUTING THE REQUIRED BALANCE. THE INSTRUCTIONS FOR THE FORM 990 INDICATE THAT SCHEDULE J SHOULD INCLUDE A REASONABLE ESTIMATE OF THE INCREASE IN THE ACTUARIAL VALUE OF ANY QUALIFIED OR NONQUALIFIED RETIREMENT ACCRUALS UNDER A DEFINED BENEFIT PLAN. FRS HAS STATED THAT SUCH INFORMATION CURRENTLY IS UNAVAILABLE FOR PARTICIPANTS IN THE PLAN. THEREFORE, THE AMOUNTS REPORTED INCLUDE THE CONTRIBUTION PAID BY THE RELATED ORGANIZATION AS ITS CONTRIBUTION ON BEHALF OF THE NAMED INDIVIDUAL. THIS AMOUNT IS CONSIDERED THE BEST REASONABLE ESTIMATE OF INFORMATION REQUIRED.
PART II, COMPENSATION AND BENEFITS FROM FILING ORGANIZATION, ROW ONE:
THE RESEARCH FOUNDATION (FOUNDATION) HAS NO EMPLOYEES AND IS SUPPORTED BY EMPLOYEES OF THE UNIVERSITY OF FLORIDA (UNIVERSITY). THE FOUNDATION REIMBURSES THE UNIVERSITY BASED ON A VALUATION DETERMINED BY SPECIFIC EMPLOYEES' TIME, PAY RATES, AND FRINGE BENEFITS. COMPENSATION AND BENEFITS REPORTED IN ROW (I) ARE THE UNIVERSITY'S PAYROLL COSTS RELATED TO PROVIDING SERVICE TO THE FOUNDATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511359349301601

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