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← UNIVERSITY OF CINCINNATI RESEARCH INSTITUTE

Form 990 for tax year 2022

Filed by UNIVERSITY OF CINCINNATI RESEARCH INSTITUTE.

Totals

Total revenue
$5,165,649
Total expenses
$4,598,038
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,775,043
Investment income
$327,870
Other revenue
$62,736
Total assets, end of year
$5,080,172
Total liabilities, end of year
$3,845,697
Net assets or fund balances, end of year
$1,234,475
Program services expenses (Part IX)
$4,156,630
Management and general expenses
$441,408
Fundraising expenses
$0
Program service expenses (Part III)
$4,156,630

Program services were 90.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: SCIENTIFIC RESEARCH &

    total $4,775,043 · related or exempt $4,775,043

  • 7a · Gross sales of assets other than inventory

    securities $514,115

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

    securities $186,245

  • 7c · Gain or loss

    securities $327,870

  • 7d · Net gain or loss

    total $327,870 · excluded $327,870

  • 11a · Other revenue: ADDITIONAL PURCHASE PR

    total $53,884 · excluded $53,884

  • 11b · Other revenue: EXPIRED PROJECTS INCOM

    total $8,852 · related or exempt $8,852

  • 11e · Other revenue, total

    $62,736

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $68,000 · management and general $68,000

  • 11c · Fees: accounting

    total $115,777 · management and general $115,777

  • 11g · Fees: other

    total $8,704 · management and general $8,704

  • 13 · Office expenses

    total $5,126 · management and general $5,126

  • 23 · Insurance

    total $27,511 · management and general $27,511

  • 24a · Other expenses: UC PROJECT EXPENSE

    total $4,156,630 · program services $4,156,630

  • 24b · Other expenses: PERSONNEL COST REIMBURS

    total $216,115 · management and general $216,115

  • 24c · Other expenses: OTHER OPERATIONAL EXPEN

    total $175 · management and general $175

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,693,521 · end of year $3,597,109

  • 4 · Accounts receivable

    beginning of year $1,117,573 · end of year $642,491

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,785 · end of year $13,306

  • 11 · Investments: publicly traded securities

    end of year $827,266

  • 12 · Investments: other securities

    beginning of year $186,245

  • 15 · Other assets

    beginning of year $216,294 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,046,354 · end of year $1,172,997

  • 19 · Deferred revenue

    beginning of year $3,509,999 · end of year $2,672,700

  • 25 · Other liabilities

    beginning of year $3,201 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $616,623 · end of year $1,184,234

  • 28 · Net assets with donor restrictions

    beginning of year $50,241 · end of year $50,241

Mission and programs · 2022

Mission

TO PROVIDE STATE-OF-THE-ART RESEARCH, EDUCATIONAL FACILITIES, AND EFFICIENT BUSINESS AND LEGAL OPPORTUNITIES FOR THE ADVANCEMENT AND DEVELOPMENT OF INTELLECTUAL PROPERTY THAT CONTRIBUTES TO THE NEEDS OF FACULTY AND STUDENTS AND ENHANCES SUSTAINABLE COMMUNITY ECONOMIC DEVELOPMENT.

  • THE INSTITUTE FACILITATES RESEARCH AND CONSULTING AGREEMENTS.

    Expenses $4,156,630 · Revenue $4,775,043

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Patrick Limbach

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Kimm Lauterbach

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • William Portman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • William Martini

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Ryan Hays

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Patrick Clark

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40

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, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
19 April 2024
IRS schema version
2022v5.0
Source object
202421209349300947

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