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← UNIVERSITY OF DELAWARE RESEARCH FOUNDATION INC

Form 990 for tax year 2022

Filed by UNIVERSITY OF DELAWARE RESEARCH FOUNDATION INC.

Totals

Total revenue
$618,720
Total expenses
$455,450
Contributions and grants received
$125
Grants paid
$450,000
Program service revenue
$0
Investment income
$618,595
Other revenue
$0
Total assets, end of year
$11,752,690
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$11,752,690
Program services expenses (Part IX)
$450,000
Management and general expenses
$5,450
Fundraising expenses
$0
Program service expenses (Part III)
$450,000

Program services were 98.8% 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

    $125

  • 3 · Investment income

    total $421,295 · excluded $421,295

  • 7a · Gross sales of assets other than inventory

    securities $455,450

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

    securities $258,150

  • 7c · Gain or loss

    securities $197,300

  • 7d · Net gain or loss

    total $197,300 · excluded $197,300

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $450,000 · program services $450,000

  • 11c · Fees: accounting

    total $5,450 · management and general $5,450

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $250

  • 12 · Investments: other securities

    beginning of year $13,701,766 · end of year $11,752,690

  • 27 · Net assets without donor restrictions

    beginning of year $13,438,312 · end of year $11,532,496

  • 28 · Net assets with donor restrictions

    beginning of year $263,704 · end of year $220,194

Listed in Part VII

  • MS KAREN FLETCHER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3

  • DR VICKY L FUNANAGE

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3

  • MR RAY WNENCHAK

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3

  • MR KEITH M WALTER

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    0.3

  • DR CHARLES RIORDAN

    SECRETARY (UNTIL 5/22)

    Total calculated
    $0
    Hours/week
    0.3

  • DR KAREN M BLOCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • DR G STEPHEN DECHERNEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • DR RANDAL KING

    TRUSTEE (FROM 5/22)

    Total calculated
    $0
    Hours/week
    0.3

  • DR CARLONDA R REILLY

    TRUSTEE (UNTIL 5/22)

    Total calculated
    $0
    Hours/week
    0.3

  • DR KRIS VADDI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

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

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
11 April 2023
IRS schema version
2022v5.0
Source object
202321019349301437

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