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Nonprofiteer
← FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC

Form 990 for tax year 2023

Filed by FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC.

Totals

Total revenue
$18,957,067
Total expenses
$50,836,314
Contributions and grants received
$0
Grants paid
$42,339,504
Program service revenue
$15,496,932
Investment income
$3,114,628
Other revenue
$345,507
Total assets, end of year
$224,086,083
Total liabilities, end of year
$66,841,634
Net assets or fund balances, end of year
$157,244,449
Program services expenses (Part IX)
$45,840,129
Management and general expenses
$4,996,185
Fundraising expenses
$0
Program service expenses (Part III)
$45,840,129

Program services were 90.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • STACEY PATTERSON

    PRESIDENT

    Total calculated
    $622,088
    From this org
    $0
    From related orgs
    $442,925
    Other
    $179,163
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $422,925 related
    Bonus
    $0 + $20,000 related
    Other
    $0
    Deferred
    $0 + $157,336 related
    Nontaxable benefits
    $0 + $21,827 related
    Filer's total
    $0 + $622,088 related

  • RICHARD MCCULLOUGH

    DIRECTOR

    Total calculated
    $1,644,648
    From this org
    $0
    From related orgs
    $1,365,751
    Other
    $278,897
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $857,836 related
    Bonus
    $0 + $337,785 related
    Other
    $0 + $170,130 related
    Deferred
    $0 + $247,664 related
    Nontaxable benefits
    $0 + $31,233 related
    Filer's total
    $0 + $1,644,648 related

  • DR JAMES CLARK

    DIRECTOR

    Total calculated
    $595,730
    From this org
    $0
    From related orgs
    $543,692
    Other
    $52,038
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $523,692 related
    Bonus
    $0 + $20,000 related
    Other
    $0
    Deferred
    $0 + $30,169 related
    Nontaxable benefits
    $0 + $21,869 related
    Filer's total
    $0 + $595,730 related

  • KYLE CLARK

    DIRECTOR

    Total calculated
    $547,414
    From this org
    $0
    From related orgs
    $493,894
    Other
    $53,520
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $465,194 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $8,700 related
    Deferred
    $0 + $31,676 related
    Nontaxable benefits
    $0 + $21,844 related
    Filer's total
    $0 + $547,414 related

  • DR SAM HUCKABA

    DIRECTOR

    Total calculated
    $382,566
    From this org
    $0
    From related orgs
    $330,403
    Other
    $52,163
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $310,192 related
    Bonus
    $0
    Other
    $0 + $20,211 related
    Deferred
    $0 + $32,307 related
    Nontaxable benefits
    $0 + $19,856 related
    Filer's total
    $0 + $382,566 related

  • JOSEPH W LANDERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KAY STEPHENSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIM WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICARDO SCHNEIDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HEATHER CAVE

    EXECUTIVE DIRECTOR

    Total calculated
    $107,823
    From this org
    $80,059
    From related orgs
    $0
    Other
    $27,764
    Hours/week
    40

  • KELLY STARKE

    SECRETARY

    Total calculated
    $107,133
    From this org
    $0
    From related orgs
    $77,034
    Other
    $30,099
    Hours/week
    5 + 40 related

  • KERRY PELUSO

    TREASURER

    Total calculated
    $345,897
    From this org
    $0
    From related orgs
    $242,899
    Other
    $102,998
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $242,899 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $81,243 related
    Nontaxable benefits
    $0 + $21,755 related
    Filer's total
    $0 + $345,897 related

  • MARK RILEY

    FORMER INTERIM PRESIDENT

    Total calculated
    $257,741
    From this org
    $0
    From related orgs
    $216,420
    Other
    $41,321
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,294 related
    Bonus
    $0
    Other
    $0 + $12,126 related
    Deferred
    $0 + $21,465 related
    Nontaxable benefits
    $0 + $19,856 related
    Filer's total
    $0 + $257,741 related

  • GARY K OSTRANDER

    FORMER PRESIDENT

    Total calculated
    $406,565
    From this org
    $0
    From related orgs
    $357,439
    Other
    $49,126
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $357,439 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $29,270 related
    Nontaxable benefits
    $0 + $19,856 related
    Filer's total
    $0 + $406,565 related

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

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 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

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
2023
Filed
18 February 2025
IRS schema version
2023v6.0
Source object
202500529349300300

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