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Nonprofiteer
← UNIVERSITY OF TENNESSEE RESEARCH FOUNDATION

Form 990 for tax year 2022

Filed by UNIVERSITY OF TENNESSEE RESEARCH FOUNDATION.

Totals

Total revenue
$10,170,434
Total expenses
$7,723,885
Contributions and grants received
$2,021,232
Grants paid
$0
Program service revenue
$7,944,323
Investment income
$204,879
Other revenue
$0
Total assets, end of year
$94,322,873
Total liabilities, end of year
$10,296,877
Net assets or fund balances, end of year
$84,025,996
Program services expenses (Part IX)
$7,692,585
Management and general expenses
$31,300
Fundraising expenses
$0
Program service expenses (Part III)
$7,692,585

Program services were 99.6% 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.

  • 1e · Government grants (contributions)

    $2,018,732

  • 1f · All other contributions, gifts and grants

    $2,500

  • 2a · Program service revenue: PROJECT AND CONTRACT REVENUE

    total $7,942,367 · related or exempt $7,942,367

  • 2b · Program service revenue: RENTAL

    total $1,956 · related or exempt $1,956

  • 3 · Investment income

    total $204,879 · excluded $204,879

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $833,401 · program services $833,401

  • 9 · Other employee benefits

    total $380,297 · program services $380,297

  • 11a · Fees: management

    total $359,219 · program services $359,219

  • 11b · Fees: legal

    total $85,868 · program services $85,868

  • 11c · Fees: accounting

    total $31,300 · management and general $31,300

  • 11g · Fees: other

    total $12,000 · program services $12,000

  • 12 · Advertising and promotion

    total $155,355 · program services $155,355

  • 13 · Office expenses

    total $16,812 · program services $16,812

  • 16 · Occupancy

    total $1,223,967 · program services $1,223,967

  • 17 · Travel

    total $41,742 · program services $41,742

  • 22 · Depreciation, depletion and amortization

    total $14,340 · program services $14,340

  • 23 · Insurance

    total $38,885 · program services $38,885

  • 24a · Other expenses: ROYALTY & CONTRACT

    total $4,139,900 · program services $4,139,900

  • 24b · Other expenses: MAINTENANCE

    total $233,172 · program services $233,172

  • 24c · Other expenses: UTILITIES

    total $83,876 · program services $83,876

  • 24d · Other expenses: MISC.

    total $22,837 · program services $22,837

  • 24e · All other expenses

    total $50,914 · program services $50,914

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,431,522 · end of year $7,952,098

  • 4 · Accounts receivable

    beginning of year $5,491,145 · end of year $7,109,737

  • 7 · Other notes and loans receivable

    beginning of year $1,250,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $34,928 · end of year $39,881

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

    $7,401,151

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

    $726,231

  • 10c · Land, buildings and equipment, net

    beginning of year $72,753 · end of year $6,674,920

  • 11 · Investments: publicly traded securities

    beginning of year $602,755 · end of year $478,013

  • 12 · Investments: other securities

    beginning of year $152,455 · end of year $157,099

  • 15 · Other assets

    beginning of year $69,721,125 · end of year $71,911,125

  • 17 · Accounts payable and accrued expenses

    beginning of year $477,119 · end of year $2,129,297

  • 19 · Deferred revenue

    beginning of year $89,784

  • 25 · Other liabilities

    beginning of year $341,164 · end of year $8,167,580

  • 29 · Capital stock, trust principal or current funds

    beginning of year $990,384 · end of year $990,384

  • 31 · Retained earnings, endowment or other funds

    beginning of year $80,858,232 · end of year $83,035,612

Mission and programs · 2022

Mission

PROMOTED, ENCOURAGED, AND AIDED SCIENTIFIC, SOCIAL AND/OR EDUCATIONAL INVESTIGATION AND RESEARCH BY ASSISTING THE MARKETING OF TECHNOLOGIES.

  • PROMOTED, ENCOURAGED, AND AIDED SCIENTIFIC, SOCIAL AND/OR EDUCATIONAL INVESTIGATION AND RESEARCH BY ASSISSTING THE MARKETING OF TECHNOLOGIES.

    Expenses $7,692,585 · Revenue $7,944,323

As filed on the 2022 return.

Listed in Part VII

  • BRENDAN BOYD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR WESLEY BYERLY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR DEBORAH CRAWFORD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRADFORD BOX ESQ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR MIKE PAULUS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TRACY THOMPSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TED TOWNSEND

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR MAHALAXMI KRISHNAMURTHY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • RON LOEWEN

    ASSISTANT TR

    Total calculated
    $0
    Hours/week
    1

  • LUKE LYBRAND

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM E MASON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DR TODD PONZIO

    HSCO VICE PR

    Total calculated
    $0
    Hours/week
    40

  • DR KUSUM RATHORE

    MCO VICE PRE

    Total calculated
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations 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.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
21 March 2024
IRS schema version
2022v5.0
Source object
202430829349300318

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