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← CORNELL RESEARCH FOUNDATION INC

Form 990 for tax year 2022

Filed by CORNELL RESEARCH FOUNDATION INC.

Totals

Total revenue
$0
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,624,940
Total liabilities, end of year
$33,781,216
Net assets or fund balances, end of year
-$32,156,276
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$1

  • 13 · Investments: program-related

    beginning of year $1,586,341 · end of year $1,624,940

  • 17 · Accounts payable and accrued expenses

    beginning of year $946,109 · end of year $946,109

  • 25 · Other liabilities

    beginning of year $32,835,107 · end of year $32,835,107

  • 27 · Net assets without donor restrictions

    beginning of year -$32,194,876 · end of year -$32,156,276

Mission and programs · 2022

Mission

THE ORGANIZATION'S MISSION IS TO FOSTER INVENTIVENESS AT CORNELL, PROTECT CORNELL'S INTELLECTUAL PROPERTY INTERESTS AND MANAGE THOSE INTERESTS FOR THE BENEFIT OF CORNELL, ITS INVENTORS AND THE PUBLIC.

Activities or mission (Part I)

TO FOSTER INVENTIVENESS AT CORNELL AND PROTECT AND MANAGE CORNELL'S INTELLECTUAL PROPERTY.

  • CORNELL RESEARCH FOUNDATION (CRF) HOLDS PATENTS ON TECHNICAL PROCESSES DEVELOPED BY CORNELL UNIVERSITY'S FACULTY AND STAFF. INCOME FROM HOLDING THE PROPERTY INURES TO THE BENEFIT OF CORNELL, A SECTION 501(C)(3) RESEARCH UNIVERSITY.

As filed on the 2022 return.

Listed in Part VII

  • Krystyn Vliet

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • Carolann Saggese

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Patricia McClary

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • John E Alexander

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Brian Kelly

    VICE PRESIDENT

    Total calculated
    $346,756
    From this org
    $0
    From related orgs
    $346,756
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $346,756 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $346,756 related

  • Xiang Li

    PRESIDENT

    Total calculated
    $337,864
    From this org
    $0
    From related orgs
    $337,864
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $337,864 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $337,864 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PART I, QUESTION 3:
THIS SECTION WAS NOT COMPLETED BECAUSE THE COMPENSATION DECISIONS WERE MADE BY CORNELL UNIVERSITY, A 501 (C)(3) RELATED ORGANIZATION, NOT CORNELL RESEARCH FOUNDATION. CORNELL RESEARCH FOUNDATION DOES NOT HAVE ACCESS TO INFORMATION REGARDING CORNELL UNIVERSITY COMPENSATION DECISIONS.

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
16 January 2024
IRS schema version
2022v5.0
Source object
202420169349301412

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