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Nonprofiteer
← UNIVERSITY OF FLORIDA RESEARCH FOUNDATION INC

Form 990 for tax year 2022

Filed by UNIVERSITY OF FLORIDA RESEARCH FOUNDATION INC.

Totals

Total revenue
$50,936,738
Total expenses
$49,536,773
Contributions and grants received
$0
Grants paid
$7,164,794
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$47,479,253
Management and general expenses
$2,057,520
Fundraising expenses
$0
Program service expenses (Part III)
$47,479,253

Program services were 95.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DR DAVID P NORTON

    PRESIDENT/CHAIR

    Total calculated
    $494,560
    From this org
    $110,857
    From related orgs
    $332,572
    Other
    $51,131
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $102,357 + $307,072 related
    Bonus
    $6,250 + $18,750 related
    Other
    $2,250 + $6,750 related
    Deferred
    $6,874 + $20,621 related
    Nontaxable benefits
    $5,909 + $17,727 related
    Filer's total
    $123,640 + $370,920 related

  • DAVID NELSON

    BOARD MEMBER

    Total calculated
    $1,617,963
    From this org
    $0
    From related orgs
    $1,566,779
    Other
    $51,184
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,201,967 related
    Bonus
    $0 + $360,000 related
    Other
    $0 + $4,812 related
    Deferred
    $0 + $28,609 related
    Nontaxable benefits
    $0 + $22,575 related
    Filer's total
    $0 + $1,617,963 related

  • BRAD BENNETT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRIAN K HUTCHINSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR JOSEPH GLOVER

    BOARD MEMBER

    Total calculated
    $677,738
    From this org
    $0
    From related orgs
    $623,297
    Other
    $54,441
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $514,297 related
    Bonus
    $0 + $100,000 related
    Other
    $0 + $9,000 related
    Deferred
    $0 + $40,934 related
    Nontaxable benefits
    $0 + $13,507 related
    Filer's total
    $0 + $677,738 related

  • DR CAMMY R ABERNATHY

    BOARD MEMBER, UNTIL 12/2022

    Total calculated
    $473,676
    From this org
    $0
    From related orgs
    $409,522
    Other
    $64,154
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $409,522 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $38,848 related
    Nontaxable benefits
    $0 + $25,306 related
    Filer's total
    $0 + $473,676 related

  • DR KENT FUCHS

    BOARD MEMBER

    Total calculated
    $1,267,912
    From this org
    $0
    From related orgs
    $1,147,887
    Other
    $120,025
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $954,684 related
    Bonus
    $0
    Other
    $0 + $193,203 related
    Deferred
    $0 + $96,289 related
    Nontaxable benefits
    $0 + $23,736 related
    Filer's total
    $0 + $1,267,912 related

  • SABY MITRA

    BOARD MEMBER

    Total calculated
    $585,815
    From this org
    $0
    From related orgs
    $534,031
    Other
    $51,784
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $534,031 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $27,281 related
    Nontaxable benefits
    $0 + $24,503 related
    Filer's total
    $0 + $585,815 related

  • CAROLYN ROBERTS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CURTIS REYNOLDS

    BOARD MEMBER

    Total calculated
    $539,692
    From this org
    $0
    From related orgs
    $421,617
    Other
    $118,075
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $353,544 related
    Bonus
    $0
    Other
    $0 + $68,073 related
    Deferred
    $0 + $93,122 related
    Nontaxable benefits
    $0 + $24,953 related
    Filer's total
    $0 + $539,692 related

  • DR FORREST MASTERS

    BOARD MEMBER, AS OF 1/2023

    Total calculated
    $352,103
    From this org
    $0
    From related orgs
    $298,662
    Other
    $53,441
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $298,662 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $28,444 related
    Nontaxable benefits
    $0 + $24,997 related
    Filer's total
    $0 + $352,103 related

  • SCOTT ANGLE

    BOARD MEMBER

    Total calculated
    $437,160
    From this org
    $0
    From related orgs
    $385,005
    Other
    $52,155
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $385,005 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $27,517 related
    Nontaxable benefits
    $0 + $24,638 related
    Filer's total
    $0 + $437,160 related

  • DR DAVID RICHARDSON

    BOARD MEMBER

    Total calculated
    $443,512
    From this org
    $0
    From related orgs
    $383,880
    Other
    $59,632
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $383,880 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $36,266 related
    Nontaxable benefits
    $0 + $23,366 related
    Filer's total
    $0 + $443,512 related

  • CHRIS COWEN

    TREASURER

    Total calculated
    $851,749
    From this org
    $0
    From related orgs
    $748,858
    Other
    $102,891
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $720,994 related
    Bonus
    $0
    Other
    $0 + $27,864 related
    Deferred
    $0 + $90,945 related
    Nontaxable benefits
    $0 + $11,946 related
    Filer's total
    $0 + $851,749 related

  • STEPHANIE GRAY

    DIR. OF SPONSORED PROGRAMS

    Total calculated
    $310,009
    From this org
    $0
    From related orgs
    $272,730
    Other
    $37,279
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $268,091 related
    Bonus
    $0
    Other
    $0 + $4,639 related
    Deferred
    $0 + $25,586 related
    Nontaxable benefits
    $0 + $11,693 related
    Filer's total
    $0 + $310,009 related

  • JAMES O'CONNELL

    DIR. OF TECH LICENSING

    Total calculated
    $356,190
    From this org
    $300,034
    From related orgs
    $0
    Other
    $56,156
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $300,034
    Bonus
    $0
    Other
    $0
    Deferred
    $34,140
    Nontaxable benefits
    $22,016
    Filer's total
    $356,190

  • JULIE RHEE

    SECRETARY

    Total calculated
    $182,242
    From this org
    $76,720
    From related orgs
    $76,720
    Other
    $28,802
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $76,720 + $76,720 related
    Bonus
    $0
    Other
    $0
    Deferred
    $7,336 + $7,336 related
    Nontaxable benefits
    $7,065 + $7,065 related
    Filer's total
    $91,121 + $91,121 related

  • JACKSON STREETER

    DIR. OF UF INNOVATE VENTURES

    Total calculated
    $222,857
    From this org
    $178,474
    From related orgs
    $0
    Other
    $44,383
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $177,051
    Bonus
    $0
    Other
    $1,423
    Deferred
    $20,797
    Nontaxable benefits
    $23,586
    Filer's total
    $222,857

  • JOHN BYATT

    ASSOC. DIR. OF TECH LICENSING

    Total calculated
    $192,918
    From this org
    $156,087
    From related orgs
    $0
    Other
    $36,831
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $156,087
    Bonus
    $0
    Other
    $0
    Deferred
    $14,815
    Nontaxable benefits
    $22,016
    Filer's total
    $192,918

  • ANITA RAO

    DIR. OF UF INNOVATE PATHWAYS

    Total calculated
    $173,572
    From this org
    $138,236
    From related orgs
    $0
    Other
    $35,336
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $137,139
    Bonus
    $0
    Other
    $1,097
    Deferred
    $13,159
    Nontaxable benefits
    $22,177
    Filer's total
    $173,572

  • LEONARD TERRY

    ASST. DIR. LICENSING OFFICER

    Total calculated
    $156,230
    From this org
    $125,400
    From related orgs
    $0
    Other
    $30,830
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $124,353
    Bonus
    $0
    Other
    $1,047
    Deferred
    $12,189
    Nontaxable benefits
    $18,641
    Filer's total
    $156,230

  • RICHARD CROLEY

    ASST. DIR. LICENSING OFFICER

    Total calculated
    $161,337
    From this org
    $119,179
    From related orgs
    $0
    Other
    $42,158
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $118,158
    Bonus
    $0
    Other
    $1,021
    Deferred
    $14,515
    Nontaxable benefits
    $27,643
    Filer's total
    $161,337

  • ALAN WEST

    FORMER INTERIM TREASURER

    Total calculated
    $284,830
    From this org
    $0
    From related orgs
    $240,584
    Other
    $44,246
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $214,589 related
    Bonus
    $0
    Other
    $0 + $25,995 related
    Deferred
    $0 + $20,627 related
    Nontaxable benefits
    $0 + $23,619 related
    Filer's total
    $0 + $284,830 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 · Compensation survey or study
  • 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

The filer's explanations (Part III)

PART I, LINE 4B
THROUGH THE RELATED ORGANIZATION THAT EMPLOYS THEM, INDIVIDUALS REPORTED IN PART II GENERALLY PARTICIPATE IN THE FLORIDA RETIREMENT SYSTEM (FRS), A MULTI-EMPLOYER RETIREMENT SYSTEM CREATED UNDER CHAPTER 121 OF THE FLORIDA STATUTES & ADMINISTERED BY THE FLORIDA DIVISION OF RETIREMENT. AS STATED ON THE WEBSITE OF FRS, IT IS FUNDED BY CONTRIBUTIONS PAID BY EMPLOYERS & EMPLOYEES BASED ON A PERCENTAGE OF THE EMPLOYEES' SALARIES. THE RATE OF CONTRIBUTIONS REQUIRED IS DETERMINED BY AN ACTUARIAL CONSULTING FIRM TO ASSURE COMPLIANCE WITH THE FUNDING REQUIREMENTS OF THE CONSTITUTION OF THE STATE OF FLORIDA. EMPLOYEES' CONTRIBUTIONS ARE 3% WITH THE EMPLOYER CONTRIBUTING THE REQUIRED BALANCE. THE INSTRUCTIONS FOR THE FORM 990 INDICATE THAT SCHEDULE J SHOULD INCLUDE A REASONABLE ESTIMATE OF THE INCREASE IN THE ACTUARIAL VALUE OF ANY QUALIFIED OR NONQUALIFIED RETIREMENT ACCRUALS UNDER A DEFINED BENEFIT PLAN. FRS HAS STATED THAT SUCH INFORMATION CURRENTLY IS UNAVAILABLE FOR PARTICIPANTS IN THE PLAN. THEREFORE, THE AMOUNTS REPORTED INCLUDE THE CONTRIBUTION PAID BY THE RELATED ORGANIZATION AS ITS CONTRIBUTION ON BEHALF OF THE NAMED INDIVIDUAL. THIS AMOUNT IS CONSIDERED THE BEST REASONABLE ESTIMATE OF INFORMATION REQUIRED.
PART II, COMPENSATION AND BENEFITS FROM FILING ORGANIZATION, ROW ONE:
THE RESEARCH FOUNDATION (FOUNDATION) HAS NO EMPLOYEES AND IS SUPPORTED BY EMPLOYEES OF THE UNIVERSITY OF FLORIDA (UNIVERSITY). THE FOUNDATION REIMBURSES THE UNIVERSITY BASED ON A VALUATION DETERMINED BY SPECIFIC EMPLOYEES' TIME, PAY RATES, AND FRINGE BENEFITS. COMPENSATION AND BENEFITS REPORTED IN ROW (I) ARE THE UNIVERSITY'S PAYROLL COSTS RELATED TO PROVIDING SERVICE TO THE FOUNDATION.

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
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202441349349306939

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

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