Form 990-EZ for tax year 2024
Filed by FLORIDA STATE UNIVERSITY MAGNET RESEARCH AND DEVELOPMENT INC.
Totals
- Total revenue
- $68,795
- Total expenses
- $58,917
- Contributions and grants received
- not reported
- Grants paid
- not reported
- Program service revenue
- $55,594
- Membership dues (line 3)
- not reported
- Investment income (line 4)
- $13,201
- 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
- $356,694
- Total liabilities, end of year
- $39,392
- Net assets or fund balances, end of year
- $317,302
- Program service expenses (Part III)
- $42,240
Program services were 71.7% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.
Mission and programs · 2024
Primary exempt purpose
FLORIDA STATE UNIVERSITY MAGNET RESEARCH AND DEVELOPMENT, INC. IS A DIRECT SUPPORT ORGANIZATION AS PROVIDED FOR IN SECTION 1004.28, FLORIDA STATUTES. THE ORGANIZATION IS CONSIDERED A COMPONENT UNIT OF FLORIDA STATE UNIVERSITY (THE UNIVERSITY). THE PURPOSE OF THE ORGANIZATION IS TO PROMOTE AND ASSIST THE MAGNET RESEARCH ACTIVITIES OF THE UNIVERSITY THROUGH INCOME FROM CONTRACTS, GRANTS, AND OTHER SOURCES, INCLUDING INCOME DERIVED FROM THE DEVELOPMENT AND COMMERCIALIZATION OF THE UNIVERSITY'S WORK PRODUCTS.
-
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 $42,240
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part IV
-
Stacey PattersonSTACEY PATTERSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Walter LeeWALTER LEE
TREASURER
- Total calculated
- $0
- Hours/week
- 10
-
Kelly StarkKELLY STARK
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Richard McCulloughRICHARD MCCULLOUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen AmmKATHLEEN AMM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Mark BirdMARK BIRD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
David LarbalestierDAVID LARBALESTIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Iain DixonIAIN DIXON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Valerie McDevittVALERIE MCDEVITT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
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
- 2024
- Filed
- 27 April 2026
- IRS schema version
- 2024v5.5
- Source object
- 202611219349201301
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.