Form 990 for tax year 2024
Filed by UNIVERSITY OF TENNESSEE RESEARCH FOUNDATION.
Totals
- Total revenue
- $8,519,357
- Total expenses
- $9,874,862
- Contributions and grants received
- $2,636,143
- Grants paid
- $0
- Program service revenue
- $10,377,183
- Investment income
- -$4,493,969
- Other revenue
- $0
- Total assets, end of year
- $98,095,373
- Total liabilities, end of year
- $9,969,125
- Net assets or fund balances, end of year
- $88,126,248
- Program services expenses (Part IX)
- $9,841,562
- Management and general expenses
- $33,300
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $9,841,562
Program services were 99.7% 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.
-
1e · Government grants (contributions)
$2,636,143
-
2a · Program service revenue: PROJECT AND CONTRACT REVENUE
total $10,375,227 · related or exempt $10,375,227
-
2b · Program service revenue: RENTAL
total $1,956 · related or exempt $1,956
-
3 · Investment income
total -$4,493,969 · excluded -$4,493,969
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,576,900 · program services $1,576,900
-
9 · Other employee benefits
total $583,522 · program services $583,522
-
11a · Fees: management
total $247,597 · program services $247,597
-
11b · Fees: legal
total $83,040 · program services $83,040
-
11c · Fees: accounting
total $33,300 · management and general $33,300
-
11g · Fees: other
total $101,631 · program services $101,631
-
12 · Advertising and promotion
total $139,753 · program services $139,753
-
13 · Office expenses
total $12,591 · program services $12,591
-
16 · Occupancy
total $1,665,709 · program services $1,665,709
-
17 · Travel
total $35,979 · program services $35,979
-
22 · Depreciation, depletion and amortization
total $6,190 · program services $6,190
-
23 · Insurance
total $47,579 · program services $47,579
-
24a · Other expenses: ROYALTY & CONTRACT
total $5,246,392 · program services $5,246,392
-
24b · Other expenses: SOFTWARE SERVICES
total $40,424 · program services $40,424
-
24c · Other expenses: AWARD
total $17,500 · program services $17,500
-
24d · Other expenses: COMPUTER SERVICES
total $9,633 · program services $9,633
-
24e · All other expenses
total $27,122 · program services $27,122
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $14,424,507 · end of year $17,745,793
-
4 · Accounts receivable
beginning of year $4,047,928 · end of year $4,181,713
-
9 · Prepaid expenses and deferred charges
beginning of year $67,080 · end of year $54,533
-
10a · Land, buildings and equipment: cost or other basis
$10,501,221
-
10b · Land, buildings and equipment: accumulated depreciation
$2,089,813
-
10c · Land, buildings and equipment, net
beginning of year $6,063,117 · end of year $8,411,408
-
11 · Investments: publicly traded securities
beginning of year $161,315 · end of year $74,793
-
12 · Investments: other securities
beginning of year $229,319 · end of year $437,253
-
15 · Other assets
beginning of year $72,299,033 · end of year $67,189,880
-
17 · Accounts payable and accrued expenses
beginning of year $1,162,248 · end of year $1,074,394
-
25 · Other liabilities
beginning of year $6,441,017 · end of year $8,894,731
-
29 · Capital stock, trust principal or current funds
beginning of year $990,384 · end of year $990,384
-
31 · Retained earnings, endowment or other funds
beginning of year $88,698,650 · end of year $87,135,864
Mission and programs · 2024
Mission
PROMOTED, ENCOURAGED, AND AIDED SCIENTIFIC, SOCIAL AND/OR EDUCATIONAL INVESTIGATION AND RESEARCH BY ASSISTING THE MARKETING OF TECHNOLOGIES.
-
PROMOTED, ENCOURAGED, AND AIDED SCIENTIFIC, SOCIAL AND/OR EDUCATIONAL INVESTIGATION AND RESEARCH BY ASSISSTING THE MARKETING OF TECHNOLOGIES.
Expenses $9,841,562 · Revenue $10,377,183
As filed on the 2024 return.
Listed in Part VII
-
Marty BrownMARTY BROWN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Deborah CrawfordDR DEBORAH CRAWFORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bradford Box EsqBRADFORD BOX ESQ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Shaun GleasonDR SHAUN GLEASON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Jessica SnowdenDR JESSICA SNOWDEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tracy ThompsonTRACY THOMPSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ted TownsendTED TOWNSEND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Mahalaxmi KrishnamurthyDR MAHALAXMI KRISHNAMURTHY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 40
-
Ron LoewenRON LOEWEN
ASSISTANT TR
- Total calculated
- $0
- Hours/week
- 40
-
Luke LybrandLUKE LYBRAND
TREASURER
- Total calculated
- $0
- Hours/week
- 40
-
William E MasonWILLIAM E MASON
SECRETARY
- Total calculated
- $0
- Hours/week
- 40
-
Dr Todd PonzioDR TODD PONZIO
HSCO VICE PR
- Total calculated
- $0
- Hours/week
- 40
-
Dr Kusum RathoreDR KUSUM RATHORE
MCO VICE PRE
- 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.
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.
-
CHEROKEE FARM DEVELOPMENT CORP
501C3 · RESEARCH · TN · controlled entity
Directly controlled by UTRF
-
COLLABORATIVE COMPOSIT SOLUTION
501C3 · RESEARCH · TN · controlled entity
Directly controlled by UTRF
-
CLINICAL TRIAL NETWORK OF TENNESSEE
501C3 · RESEARCH · TN · controlled entity
Directly controlled by UTRF
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHEROKEE FARM PROPERTIES INC
RENT · TN
-
TENNERA LLC
BIOFUELS · TN
-
C3 INNOVATE INC
RESEARCH · TN
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 May 2026
- IRS schema version
- 2024v5.0
- Source object
- 202611259349302776
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