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Nonprofiteer
← UNIVERSITY OF FLORIDA RESEARCH FOUNDATION INC

Form 990 for tax year 2024

Filed by UNIVERSITY OF FLORIDA RESEARCH FOUNDATION INC.

Totals

Total revenue
$49,116,740
Total expenses
$54,352,000
Contributions and grants received
$0
Grants paid
$12,478,468
Program services expenses (Part IX)
$52,612,803
Management and general expenses
$1,739,197
Fundraising expenses
$0
Program service expenses (Part III)
$52,612,803

Program services were 96.8% 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
    $497,087
    From this org
    $109,893
    From related orgs
    $329,678
    Other
    $57,516
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $106,213 + $318,638 related
    Bonus
    $0
    Other
    $3,680 + $11,040 related
    Deferred
    $8,377 + $25,131 related
    Nontaxable benefits
    $6,002 + $18,006 related
    Filer's total
    $124,272 + $372,815 related

  • BRAD BENNETT

    AUDIT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • FORREST MASTERS

    BOARD MEMBER

    Total calculated
    $491,552
    From this org
    $0
    From related orgs
    $433,019
    Other
    $58,533
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $433,019 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,491 related
    Nontaxable benefits
    $0 + $25,042 related
    Filer's total
    $0 + $491,552 related

  • MARY WATT

    BOARD MEMBER AS OF 10/1/24

    Total calculated
    $374,135
    From this org
    $0
    From related orgs
    $321,107
    Other
    $53,028
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $306,107 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0 + $30,724 related
    Nontaxable benefits
    $0 + $22,304 related
    Filer's total
    $0 + $374,135 related

  • SABY MITRA

    BOARD MEMBER

    Total calculated
    $616,491
    From this org
    $0
    From related orgs
    $557,890
    Other
    $58,601
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $557,890 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,945 related
    Nontaxable benefits
    $0 + $24,656 related
    Filer's total
    $0 + $616,491 related

  • DAVID NELSON

    BOARD MEMBER

    Total calculated
    $1,666,139
    From this org
    $0
    From related orgs
    $1,606,258
    Other
    $59,881
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,229,335 related
    Bonus
    $0 + $370,800 related
    Other
    $0 + $6,123 related
    Deferred
    $0 + $34,466 related
    Nontaxable benefits
    $0 + $25,415 related
    Filer's total
    $0 + $1,666,139 related

  • WESLEY KENT FUCHS

    BOARD MEMBER

    Total calculated
    $995,751
    From this org
    $0
    From related orgs
    $788,719
    Other
    $207,032
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $674,085 related
    Bonus
    $0 + $114,634 related
    Other
    $0
    Deferred
    $0 + $119,094 related
    Nontaxable benefits
    $0 + $87,938 related
    Filer's total
    $0 + $995,751 related

  • JOSEPH GLOVER

    BOARD MEMBER AS OF 9/6/24

    Total calculated
    $585,365
    From this org
    $0
    From related orgs
    $526,942
    Other
    $58,423
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $476,250 related
    Bonus
    $0
    Other
    $0 + $50,692 related
    Deferred
    $0 + $46,414 related
    Nontaxable benefits
    $0 + $12,009 related
    Filer's total
    $0 + $585,365 related

  • CAROLYN K ROBERTS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRANDI RENTON

    BOARD MEMBER AS OF 8/2/24

    Total calculated
    $340,568
    From this org
    $0
    From related orgs
    $286,945
    Other
    $53,623
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $286,945 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $28,973 related
    Nontaxable benefits
    $0 + $24,650 related
    Filer's total
    $0 + $340,568 related

  • SCOTT ANGLE

    BOARD MEMBER

    Total calculated
    $637,576
    From this org
    $0
    From related orgs
    $580,395
    Other
    $57,181
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $556,395 related
    Bonus
    $0
    Other
    $0 + $24,000 related
    Deferred
    $0 + $32,471 related
    Nontaxable benefits
    $0 + $24,710 related
    Filer's total
    $0 + $637,576 related

  • DAVID KRATZER

    BOARD MEMBER UNTIL 8/1/24

    Total calculated
    $457,056
    From this org
    $0
    From related orgs
    $416,051
    Other
    $41,005
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $407,756 related
    Bonus
    $0
    Other
    $0 + $8,295 related
    Deferred
    $0 + $40,854 related
    Nontaxable benefits
    $0 + $151 related
    Filer's total
    $0 + $457,056 related

  • BEN SASSE

    BOARD MEMBER UNTIL 8/1/24

    Total calculated
    $1,312,303
    From this org
    $0
    From related orgs
    $1,168,284
    Other
    $144,019
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,012,195 related
    Bonus
    $0
    Other
    $0 + $156,089 related
    Deferred
    $0 + $119,094 related
    Nontaxable benefits
    $0 + $24,925 related
    Filer's total
    $0 + $1,312,303 related

  • ROBERT GILBERT

    BOARD MEMBER UNTIL 8/1/24

    Total calculated
    $431,924
    From this org
    $0
    From related orgs
    $372,846
    Other
    $59,078
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $352,846 related
    Bonus
    $0
    Other
    $0 + $20,000 related
    Deferred
    $0 + $35,488 related
    Nontaxable benefits
    $0 + $23,590 related
    Filer's total
    $0 + $431,924 related

  • JULIE RHEE

    SECRETARY/FINANCE DIRECTOR

    Total calculated
    $195,814
    From this org
    $82,351
    From related orgs
    $82,351
    Other
    $31,112
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $81,687 + $81,687 related
    Bonus
    $0
    Other
    $664 + $664 related
    Deferred
    $8,373 + $8,373 related
    Nontaxable benefits
    $7,183 + $7,183 related
    Filer's total
    $97,907 + $97,907 related

  • GEORGE KOLB

    TREASURER

    Total calculated
    $271,231
    From this org
    $0
    From related orgs
    $215,252
    Other
    $55,979
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,516 related
    Bonus
    $0
    Other
    $0 + $1,736 related
    Deferred
    $0 + $30,073 related
    Nontaxable benefits
    $0 + $25,906 related
    Filer's total
    $0 + $271,231 related

  • STEPHANIE GRAY

    ASST. VP OF SPONSORED PROGRAMS

    Total calculated
    $287,523
    From this org
    $0
    From related orgs
    $238,557
    Other
    $48,966
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $236,622 related
    Bonus
    $0
    Other
    $0 + $1,935 related
    Deferred
    $0 + $24,189 related
    Nontaxable benefits
    $0 + $24,777 related
    Filer's total
    $0 + $287,523 related

  • JAMES F O'CONNELL

    ASST. VP TECHNOLOGY LICENSING

    Total calculated
    $443,239
    From this org
    $375,344
    From related orgs
    $0
    Other
    $67,895
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $375,344
    Bonus
    $0
    Other
    $0
    Deferred
    $45,696
    Nontaxable benefits
    $22,199
    Filer's total
    $443,239

  • HENRICA LICHTENBELD

    ASST. DIR. LICENSING OFFICE

    Total calculated
    $178,269
    From this org
    $136,927
    From related orgs
    $0
    Other
    $41,342
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $136,927
    Bonus
    $0
    Other
    $0
    Deferred
    $18,943
    Nontaxable benefits
    $22,399
    Filer's total
    $178,269

  • ANITA RAO

    DIR. OF UF INNOVATE PATHWA

    Total calculated
    $185,410
    From this org
    $149,127
    From related orgs
    $0
    Other
    $36,283
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $147,954
    Bonus
    $0
    Other
    $1,173
    Deferred
    $15,070
    Nontaxable benefits
    $21,213
    Filer's total
    $185,410

  • WILSON LEONARD TERRY

    ASST. DIR. LICENSING OFFICE

    Total calculated
    $177,917
    From this org
    $137,175
    From related orgs
    $0
    Other
    $40,742
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $136,056
    Bonus
    $0
    Other
    $1,119
    Deferred
    $14,301
    Nontaxable benefits
    $26,441
    Filer's total
    $177,917

  • MELISSA HIRSCH KUCHMA

    ASST. DIR. LICENSING OFFICE

    Total calculated
    $177,427
    From this org
    $132,323
    From related orgs
    $0
    Other
    $45,104
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $132,323
    Bonus
    $0
    Other
    $0
    Deferred
    $14,256
    Nontaxable benefits
    $30,848
    Filer's total
    $177,427

  • JACKSON STREETER

    DIR. OF UF INNOVATE

    Total calculated
    $239,979
    From this org
    $189,925
    From related orgs
    $0
    Other
    $50,054
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $188,405
    Bonus
    $0
    Other
    $1,520
    Deferred
    $26,332
    Nontaxable benefits
    $23,722
    Filer's total
    $239,979

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
2024
Filed
13 May 2026
IRS schema version
2024v5.5
Source object
202601349349301735

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