Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: CONTRACT RESEARCH REVENUE

  total $13,979,043 · related or exempt $13,979,043

• 2b · Program service revenue: RENTAL REVENUE

  total $3,498,821 · related or exempt $3,498,821

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 5 · Royalties

  total $381,932 · related or exempt $381,932

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $30,291,748

• 7b · Less cost or other basis and sales expenses

  securities $23,901,221

• 7c · Gain or loss

  securities $6,390,527 · other assets $0

• 7d · Net gain or loss

  total $6,390,527 · excluded $6,390,527

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $2,213 · excluded $2,213

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $2,213

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $30,282,071 · program services $30,282,071

• 5 · Compensation of officers, directors and key employees

  total $141,450 · management and general $141,450

• 7 · Other salaries and wages

  total $859,666 · management and general $859,666

• 11c · Fees: accounting

  total $35,125 · management and general $35,125

• 11f · Fees: investment management

  total $3,337,055 · management and general $3,337,055

• 11g · Fees: other

  total $0 · program services $0 · management and general $0 · fundraising $0

• 15 · Royalties

  total $278,102 · program services $278,102

• 16 · Occupancy

  total $425,831 · program services $425,831

• 20 · Interest

  total $956,185 · management and general $956,185

• 22 · Depreciation, depletion and amortization

  total $1,232,347 · program services $1,232,347

• 24a · Other expenses: PATENT & LICENSING COST

  total $1,084,350 · program services $1,084,350

• 24b · Other expenses: MISCELLANEOUS EXPENSES

  total $4,424 · program services $4,424

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $46,773,224 · end of year $48,718,371

• 3 · Pledges and grants receivable

  beginning of year $1,301,202 · end of year $1,893,679

• 4 · Accounts receivable

  beginning of year $608,558 · end of year $1,270,482

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 7 · Other notes and loans receivable

  beginning of year $15,255,196 · end of year $4,000,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $94,020 · end of year $147,959

• 10a · Land, buildings and equipment: cost or other basis

  $2,822,385

• 10b · Land, buildings and equipment: accumulated depreciation

  $203,565

• 10c · Land, buildings and equipment, net

  beginning of year $2,618,820 · end of year $2,618,820

• 12 · Investments: other securities

  beginning of year $1,313,515 · end of year $158,600

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $10,791,037 · end of year $9,558,690

• 15 · Other assets

  beginning of year $145,330,511 · end of year $150,434,628

• 17 · Accounts payable and accrued expenses

  beginning of year $256,492 · end of year $251,129

• 19 · Deferred revenue

  beginning of year $11,848,378 · end of year $12,260,370

• 20 · Tax-exempt bond liabilities

  beginning of year $5,865,731 · end of year $5,104,912

• 22 · Loans and payables to officers and key people

  end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $38,095,000 · end of year $35,335,000

• 25 · Other liabilities

  beginning of year $10,776,033 · end of year $11,646,640

• 29 · Capital stock, trust principal or current funds

  beginning of year $149,842,974 · end of year $147,130,580

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $7,401,475 · end of year $7,072,598

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Establishing compensation of the organization's President

Compensation is reviewed and set by the President of Florida State University, a related organization, or designee, in accordance with the University's policies. These policies require that comparable data be used to determine that compensation is fair and competitive when compared to similar roles in other Foundations nationally.