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← FLORIDA STATE UNIVERSITY MAGNET RESEARCH AND DEVELOPMENT INC

Form 990-EZ for tax year 2023

Filed by FLORIDA STATE UNIVERSITY MAGNET RESEARCH AND DEVELOPMENT INC.

Totals

Total revenue
$115,796
Total expenses
$70,561
Contributions and grants received
not reported
Grants paid
not reported
Program service revenue
$101,490
Membership dues (line 3)
not reported
Investment income (line 4)
$14,306
Gain or loss on sale of assets (line 5c)
not reported
Gaming and fundraising events, net (line 6d)
not reported
Gross profit on inventory sales (line 7c)
not reported
Other revenue (line 8)
not reported
Total assets, end of year
$347,086
Total liabilities, end of year
$39,662
Net assets or fund balances, end of year
$307,424
Program service expenses (Part III)
$54,012

Program services were 76.5% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2023

Primary exempt purpose

THE PURPOSE OF THE ORGANIZATION IS TO PROMOTE AND ENCOURAGE THE WORK OF FACULTY, STAFF AND STUDENTS THROUGH INCOME FROM CONTRACTS, GRANTS AND OTHER SOURCES. SPECIFICALLY, FSUMRD WILL DESIGN, DEVELOP, BUILD AND TEST MAGNET SYSTEMS.

  • FSUMRD OPERATES FOR THE PURPOSE OF SUPPORTING, ENCOURAGING, AND PROMOTING SCIENTIFIC RESEARCH, EDUCATION, AND TRAINING ACTIVITIES OF FACULTY, STAFF, AND STUDENTS OF FLORIDA STATE UNIVERSITY. THE ORGANIZATION EXISTS TO DESIGN, DEVELOP, INVENT, ASSEMBLE, CONSTRUCT, TEST, REPAIR, MAINTAIN, AND FABRICATE MAGNETS OR MAGNET SYSTEMS OF ANY TYPE OF DESIGN, AND ANY ANCILLARY COMPONENTS NECESSARY OR DESIRABLE FOR THE DEVELOPMENT, OPERATION, OR MAINENANCE THEREOF.

    Expenses $54,012

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part IV

  • Stacey Patterson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Walter Lee

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Kelly Stark

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Richard McCullough

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gregory Boebinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Mark Bird

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • David Larbalestier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Iain Dixon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990_ez
Tax year
2023
Filed
9 December 2024
IRS schema version
2023v5.1
Source object
202433469349200203

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