Skip to content
Nonprofiteer
← UNIVERSITY OF UTAH RESEARCH FOUNDATION

Form 990 for tax year 2024

Filed by UNIVERSITY OF UTAH RESEARCH FOUNDATION.

Totals

Total revenue
$10,975,713
Total expenses
$18,834,486
Contributions and grants received
$1,354,320
Grants paid
$6,023,406
Program service revenue
$0
Investment income
-$1,044,197
Other revenue
$10,665,590
Total assets, end of year
$311,740,920
Total liabilities, end of year
$205,930,101
Net assets or fund balances, end of year
$105,810,819
Program services expenses (Part IX)
$6,023,406
Management and general expenses
$12,811,080
Fundraising expenses
$0
Program service expenses (Part III)
$6,023,406

Program services were 32.0% 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.

  • 1d · Related organizations

    $1,354,320

  • 3 · Investment income

    total $45,309 · unrelated business $0 · excluded $45,309

  • 5 · Royalties

    total $18,690,124 · related or exempt $0 · unrelated business $0 · excluded $18,690,124

  • 6a · Gross rents

    real property $21,698,161

  • 6b · Less rental expenses

    real property $32,035,985

  • 6c · Rental income or loss

    real property -$10,337,824

  • 6d · Net rental income or loss

    total -$10,337,824 · excluded -$10,337,824

  • 7a · Gross sales of assets other than inventory

    other assets -$1,089,506

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

    other assets $0

  • 7c · Gain or loss

    other assets -$1,089,506

  • 7d · Net gain or loss

    total -$1,089,506 · related or exempt $0 · unrelated business $0 · excluded -$1,089,506

  • 11a · Other revenue: Lease Income

    total $2,313,290 · related or exempt $0 · unrelated business $0 · excluded $2,313,290

  • 11e · Other revenue, total

    $2,313,290

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,023,406 · program services $6,023,406

  • 11b · Fees: legal

    total $411,026 · program services $0 · management and general $411,026 · fundraising $0

  • 11c · Fees: accounting

    total $59,500 · program services $0 · management and general $59,500 · fundraising $0

  • 24a · Other expenses: OTHER EXPENSES

    total $12,340,554 · program services $0 · management and general $12,340,554 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $46,256,279 · end of year $55,241,424

  • 4 · Accounts receivable

    beginning of year $170,375,914 · end of year $163,613,687

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0

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

    $136,884,612

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

    $49,412,118

  • 10c · Land, buildings and equipment, net

    beginning of year $88,125,071 · end of year $87,472,494

  • 11 · Investments: publicly traded securities

    beginning of year $3,768,750 · end of year $2,542,650

  • 15 · Other assets

    beginning of year $3,356,616 · end of year $2,870,665

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,380,407 · end of year $16,130,829

  • 19 · Deferred revenue

    beginning of year $349,881 · end of year $266,716

  • 23 · Secured mortgages and notes payable

    beginning of year $21,514,427 · end of year $37,615,082

  • 25 · Other liabilities

    beginning of year $160,646,013 · end of year $151,917,474

  • 29 · Capital stock, trust principal or current funds

    beginning of year $46,381,259 · end of year $49,857,413

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

    beginning of year $66,610,643 · end of year $55,953,406

Mission and programs · 2024

Mission

SUPPORT UNIVERSITY OF UTAH RESEARCH AND ADMINISTER UNIVERSITY RESEARCH PARK

  • GRANTS AND RESEARCH SUPPORT TO THE UNIVERSITY OF UTAH

    Expenses $6,023,406 · Grants $6,023,406

As filed on the 2024 return.

Listed in Part VII

  • Taylor R Randall

    CHAIR AND DIRECTOR

    Total calculated
    $1,400,302
    From this org
    $0
    From related orgs
    $1,019,309
    Other
    $380,993
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $861,949 related
    Bonus
    $0
    Other
    $0 + $157,360 related
    Deferred
    $0 + $351,594 related
    Nontaxable benefits
    $0 + $29,507 related
    Filer's total
    $0 + $1,400,410 related

  • Erin W Rothwell

    PRESIDENT AND DIRECTOR

    Total calculated
    $624,817
    From this org
    $0
    From related orgs
    $485,736
    Other
    $139,081
    Hours/week
    4

    Schedule J breakdown matched by us

    Base
    $0 + $456,914 related
    Bonus
    $0
    Other
    $0 + $28,822 related
    Deferred
    $0 + $106,876 related
    Nontaxable benefits
    $0 + $32,313 related
    Filer's total
    $0 + $624,925 related

  • Mitzi Montoya

    EXEC VP AND DIRECTOR

    Total calculated
    $863,328
    From this org
    $0
    From related orgs
    $723,653
    Other
    $139,675
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $637,153 related
    Bonus
    $0
    Other
    $0 + $86,500 related
    Deferred
    $0 + $127,967 related
    Nontaxable benefits
    $0 + $11,720 related
    Filer's total
    $0 + $863,340 related

  • Michael Good

    DIRECTOR

    Total calculated
    $2,083,410
    From this org
    $0
    From related orgs
    $1,946,450
    Other
    $136,960
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $1,909,950 related
    Bonus
    $0
    Other
    $0 + $36,500 related
    Deferred
    $0 + $117,990 related
    Nontaxable benefits
    $0 + $18,982 related
    Filer's total
    $0 + $2,083,422 related

  • Katharine Ku

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cathy Anderson

    DIRECTOR

    Total calculated
    $611,421
    From this org
    $0
    From related orgs
    $486,196
    Other
    $125,225
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $449,696 related
    Bonus
    $0
    Other
    $0 + $36,500 related
    Deferred
    $0 + $106,255 related
    Nontaxable benefits
    $0 + $19,078 related
    Filer's total
    $0 + $611,529 related

  • Jeff Labrum

    DIRECTOR

    Total calculated
    $491,934
    From this org
    $0
    From related orgs
    $379,564
    Other
    $112,370
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $343,064 related
    Bonus
    $0
    Other
    $0 + $36,500 related
    Deferred
    $0 + $93,240 related
    Nontaxable benefits
    $0 + $19,238 related
    Filer's total
    $0 + $492,042 related

  • Bob Carter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mason Ailstock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bassam Salem

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Phyllis Vetter

    SECRETARY

    Total calculated
    $589,581
    From this org
    $0
    From related orgs
    $457,538
    Other
    $132,043
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $421,038 related
    Bonus
    $0
    Other
    $0 + $36,500 related
    Deferred
    $0 + $103,124 related
    Nontaxable benefits
    $0 + $29,027 related
    Filer's total
    $0 + $589,689 related

  • Anthony Wagner

    TREASURER

    Total calculated
    $0
    Hours/week
    1

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. 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

Pt I Line 4b
TAYLOR RANDALL RECEIVED AN IRC SECTION 457(f)$105,333.50 DEFERRED COMPENSATION PAYMENT INCLUDED IN WAGES AS THIS AMOUNT WAS NO LONGER AT RISK OF FORFEITURE IN 2024. DEFERRED COMPENSATION FOR TAYLOR RANDALL UNDER IRC SECTION 457(f)OF $233,604.08 WAS ACCRUED/NOT PAID AND IS SUBJECT TO RISK OF FORFEITURE. THE TERMS AND CONDITIONS OF THE RETIREMENT PLANS ARE THAT THEY ARE SUBJECT TO RISK OF FORFEITURE BASED ON LENGTH OF SERVICE.

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.

  • UNIVERSITY OF UTAH

    115 & 501(c)(3) · EDUCATION,RESEARCH · UT

    Directly controlled by STATE OF UTAH

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.

  • MOLECULAR CLOUD

    C · MANAGE EQUITY INTERESTS · UT · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by UURF

Provenance

Return type
form_990
Tax year
2024
Filed
21 April 2026
IRS schema version
2024v5.2
Source object
202641119349301519

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.