University Of Florida Research Foundation Inc

Organization Overview

University Of Florida Research Foundation Inc is located in Gainesville, FL. The organization was established in 2000. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Florida Research Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, University Of Florida Research Foundation Inc generated $46.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $45.0m during the year ending 06/2021. While expenses have increased by 3.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ASSIST THE UNIVERSITY OF FLORIDA IN FUNDING OF RESEARCH/DEVELOPMENT THROUGH GRANTS & CONTRACTUAL ARRANGEMENTS & IN THE COMMERCIALIZATION OF INTELLECTUAL PROPERTIES, WHICH INCLUDE INVENTIONS, DISCOVERIES,PROCESSES & WORK PRODUCTS.

Describe the Organization's Program Activity:

COST INCURRED IN OBTAINING LICENSES AND GRANTS FOR THE UNIVERSITY OF FLORIDA RESEARCH FOUNDATION ACTIVITIES.


COSTS INCURRED IN THE LICENSING OF PATENTED OR PATENTABLE PRODUCTS DEVELOPED BY THE UNVERSITY OF FLORIDA.


COSTS INCURRED IN SECURING AND PROVIDING RESEARCH AND DEVELOPMENT FUNDING FOR THE UNIVERSITY OF FLORIDA.


OTHER REVENUE/COSTS INCURRED FOR UNIVERSITY OF FLORIDA RESEARCHFOUNDATION ACTIVITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Dr David P Norton
President
$0
Julie Rhee
Secretary
$0
Jim O'connell
Officer
$0
Chris Cowen
Treasurer
$0
Stephanie Gray
Officer
$0
Kim Simpson
Audit Committee Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Wolf Greenfield And Sacks Pc
Legal
$3,236,261
Marshall Gerstein And Borun Llp
Legal
$434,518
Thomas Horstemeyer
Legal
$1,622,507
Beusse Wolter Sanks & Maire Pllc
Legal
$430,630
Alston & Bird Llp
Legal
$1,163,864
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$10,657,857
Investment income $868
Tax Exempt Bond Proceeds $0
Royalties $36,098,802
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $46,757,527

Grants Recieved

Over the last fiscal year, we have identified 1 grants that University Of Florida Research Foundation Inc has recieved totaling $40,000.

Awarding OrganizationAmount
Emerald Coast Charitable Foundation Inc

Fort Walton Beach, FL

PURPOSE: SCHOLARSHIP

$40,000
View Grant Recipient Profile

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