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Nonprofiteer
← CLEMSON UNIVERSITY RESEARCH FOUNDATION

Form 990 for tax year 2024

Filed by CLEMSON UNIVERSITY RESEARCH FOUNDATION.

Totals

Total revenue
$2,467,253
Total expenses
$2,228,373
Contributions and grants received
$613,899
Grants paid
$519,467
Program service revenue
$1,613,866
Investment income
$239,488
Other revenue
$0
Total assets, end of year
$9,387,702
Total liabilities, end of year
$263,768
Net assets or fund balances, end of year
$9,123,934
Program services expenses (Part IX)
$2,103,755
Management and general expenses
$124,618
Fundraising expenses
$0
Program service expenses (Part III)
$2,103,755

Program services were 94.4% 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.

  • 1f · All other contributions, gifts and grants

    $613,899

  • 2a · Program service revenue: COMPUTER SERVICE FEES

    total $732,117 · related or exempt $732,117

  • 2b · Program service revenue: ROYALTY & LICENSING

    total $415,343 · related or exempt $415,343

  • 2c · Program service revenue: UNIVERSITY SERVICES

    total $296,154 · related or exempt $296,154

  • 2d · Program service revenue: MAINTENANCE FEES

    total $98,644 · related or exempt $98,644

  • 2e · Program service revenue: MANAGEMENT FEES AND RE

    total $61,608 · related or exempt $61,608

  • 2f · All other program service revenue

    total $10,000 · related or exempt $10,000

  • 3 · Investment income

    total $208,625 · excluded $208,625

  • 7a · Gross sales of assets other than inventory

    securities $30,863

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

    securities $0

  • 7c · Gain or loss

    securities $30,863

  • 7d · Net gain or loss

    total $30,863 · excluded $30,863

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $519,467 · program services $519,467

  • 11b · Fees: legal

    total $389,031 · program services $384,302 · management and general $4,729

  • 11c · Fees: accounting

    total $31,557 · management and general $31,557

  • 11g · Fees: other

    total $35,462 · program services $32,000 · management and general $3,462

  • 13 · Office expenses

    total $668 · program services $402 · management and general $266

  • 14 · Information technology

    total $328,837 · program services $328,837

  • 15 · Royalties

    total $84,590 · program services $84,590

  • 17 · Travel

    total $1,365 · program services $322 · management and general $1,043

  • 19 · Conferences, conventions and meetings

    total $4,979 · program services $1,550 · management and general $3,429

  • 22 · Depreciation, depletion and amortization

    total $78,671 · program services $61,316 · management and general $17,355

  • 23 · Insurance

    total $26,072 · program services $8,062 · management and general $18,010

  • 24a · Other expenses: CU PROGRAM COSTS

    total $406,554 · program services $406,554

  • 24b · Other expenses: SHARED SERVICES

    total $190,444 · program services $147,296 · management and general $43,148

  • 24c · Other expenses: PROGRAM MANAGEMENT

    total $61,608 · program services $61,608

  • 24d · Other expenses: MEMBERSHIP DUES

    total $32,759 · program services $32,759

  • 24e · All other expenses

    total $36,309 · program services $34,690 · management and general $1,619

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100 · end of year $100

  • 2 · Savings and temporary cash investments

    beginning of year $5,685,574 · end of year $5,978,791

  • 4 · Accounts receivable

    beginning of year $37,143 · end of year $166,244

  • 9 · Prepaid expenses and deferred charges

    beginning of year $89,937 · end of year $179,560

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

    $217,750

  • 10c · Land, buildings and equipment, net

    beginning of year $561,234 · end of year $217,750

  • 12 · Investments: other securities

    beginning of year $2,212,842 · end of year $2,417,679

  • 14 · Intangible assets

    beginning of year $280,647 · end of year $219,331

  • 15 · Other assets

    beginning of year $320,780 · end of year $208,247

  • 17 · Accounts payable and accrued expenses

    beginning of year $94,151 · end of year $61,020

  • 25 · Other liabilities

    beginning of year $313,337 · end of year $202,748

  • 27 · Net assets without donor restrictions

    beginning of year $6,520,454 · end of year $7,189,343

  • 28 · Net assets with donor restrictions

    beginning of year $2,260,315 · end of year $1,934,591

Mission and programs · 2024

Mission

TO GENERATE RESEARCH FUNDING OPPORTUNITIES FOR CLEMSON UNIVERSITY TO SUPPORT RESEARCH INITIATIVES THAT ADVANCE UNIVERSITY DISCOVERIES TO CREATE NEW PRODUCTS AND SERVICES FOR PUBLIC USE AND BENEFIT.

Activities or mission (Part I)

TO SUPPORT RESEARCH, TECHNOLOGY TRANSFER, AND RELATED ACTIVITIES AT AND FOR THE BENEFIT OF CLEMSON UNIVERSITY. TO GENERATE RESEARCH FUNDING OPPORTUNITIES FOR CLEMSON UNIVERSITY TO SUPPORT RESEARCH INITIATIVES THAT ADVANCE UNIVERSITY DISCOVERIES TO CREATE NEW PRODUCTS AND SERVICES FOR PUBLIC USE AND BENEFIT.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $2,103,755 · Grants $519,466 · Revenue $1,613,866

As filed on the 2024 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Dennis Kekas

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tanju Karanfil

    VICE CHAIR

    Total calculated
    $447,345
    From this org
    $0
    From related orgs
    $414,651
    Other
    $32,694
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $412,726 related
    Bonus
    $0
    Other
    $0 + $1,925 related
    Deferred
    $0 + $14,500 related
    Nontaxable benefits
    $0 + $18,194 related
    Filer's total
    $0 + $447,345 related

  • Leslie Hossfeld

    DIRECTOR/DEAN REP

    Total calculated
    $382,528
    From this org
    $0
    From related orgs
    $357,621
    Other
    $24,907
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $335,786 related
    Bonus
    $0
    Other
    $0 + $21,835 related
    Deferred
    $0 + $14,500 related
    Nontaxable benefits
    $0 + $10,407 related
    Filer's total
    $0 + $382,528 related

  • Anjali Joseph

    DIRECTOR/FACULTY REP FROM 10/24

    Total calculated
    $274,787
    From this org
    $0
    From related orgs
    $237,397
    Other
    $37,390
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,726 related
    Bonus
    $0
    Other
    $0 + $76,671 related
    Deferred
    $0 + $12,317 related
    Nontaxable benefits
    $0 + $25,073 related
    Filer's total
    $0 + $274,787 related

  • Jeff Broomfield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Greer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cliff Holekamp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Angie Leidinger

    DIRECTOR

    Total calculated
    $534,852
    From this org
    $0
    From related orgs
    $424,850
    Other
    $110,002
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $412,461 related
    Bonus
    $0
    Other
    $0 + $12,389 related
    Deferred
    $0 + $85,940 related
    Nontaxable benefits
    $0 + $24,062 related
    Filer's total
    $0 + $534,852 related

  • Eric Weissmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Mercuri

    DIRECTOR/FACULTY REP TO 10/24

    Total calculated
    $0
    Hours/week
    1 + 36.5 related

  • August C Chris Gesswein

    EXECUTIVE DIRECTOR

    Total calculated
    $244,171
    From this org
    $0
    From related orgs
    $209,393
    Other
    $34,778
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $0 + $208,973 related
    Bonus
    $0
    Other
    $0 + $420 related
    Deferred
    $0 + $10,871 related
    Nontaxable benefits
    $0 + $23,907 related
    Filer's total
    $0 + $244,171 related

  • Tracy Walters

    TREASURER

    Total calculated
    $232,488
    From this org
    $0
    From related orgs
    $179,540
    Other
    $52,948
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,282 related
    Bonus
    $0
    Other
    $0 + $258 related
    Deferred
    $0 + $45,130 related
    Nontaxable benefits
    $0 + $7,818 related
    Filer's total
    $0 + $232,488 related

  • Chase Kasper

    SENIOR DEPUTY DIRECTOR

    Total calculated
    $215,765
    From this org
    $0
    From related orgs
    $159,413
    Other
    $56,352
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $0 + $158,639 related
    Bonus
    $0
    Other
    $0 + $774 related
    Deferred
    $0 + $39,230 related
    Nontaxable benefits
    $0 + $17,122 related
    Filer's total
    $0 + $215,765 related

  • Andrew Bluvas

    RESEARCH ASSOCIATE

    Total calculated
    $136,620
    From this org
    $0
    From related orgs
    $102,336
    Other
    $34,284
    Hours/week
    37.5

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

None.

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 3
COMPENSATION OF THE EXECUTIVE DIRECTOR, TREASURER, AND STAFF OF CURF IS DETERMINED THROUGH THE CLEMSON UNIVERSITY HUMAN RESOURCES DEPARTMENT SUBJECT TO AND WITHIN THE GUIDELINES ESTABLISHED BY THE STATE OF SC AND APPLICABLE SC LAW, WHICH IS CONSISTENT WITH A STANDARD OF REASONABLENESS AND COMPARABLE COMPENSATION IN THE MARKET.

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.

  • CLEMSON UNIVERSITY

    170(C)(1) · RESEARCH UNIVERSITY · SC

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CLEMSON UNIVERSITY LIGHT RAIL LLC

    LEASING AGENT AND INFORMATION TECHNOLOGY SERVICE PROVIDER · SC · income $732,225 · assets $762,321

    Directly controlled by CLEMSON UNIVERSITY RESEARCH FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
11 March 2026
IRS schema version
2024v5.5
Source object
202630759349300608

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