University Of Kentucky Research Foundation
- Assets
- $188.8m
- Revenue
- $369.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 07/1947
- Data as of
- 06/2021
- EIN
- 61-6033693
Organization Overview
University Of Kentucky Research Foundation is located in Lexington, KY. The organization was established in 1947. 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 Kentucky Research Foundation 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 Kentucky Research Foundation generated $369.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $366.8m during the year ending 06/2021. While expenses have increased by 4.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE SCIENTIFIC, EDUCATIONAL AND DEVELOPMENT ACTIVITIES AT THE UNIVERSITY OF KENTUCKY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Capilouto Eli President | OfficerTrustee | 1 | $0 |
Cassis Lisa VP And Executive Director | OfficerTrustee | 1 | $0 |
Smith Toni Secretary | Officer | 1 | $0 |
Cox Penny Treasurer | Officer | 1 | $0 |
Newman Mark Director | Trustee | 1 | $0 |
Blackwell David W Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $619,519 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,032,849 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,652,368 |
| Total Program Service Revenue | $359,378,639 |
| Investment income | $204,349 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $263,869 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $369,852,057 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,117,992 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,157,363 |
| Fees for services: Accounting | $210,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,146,207 |
| Advertising and promotion | $0 |
| Office expenses | $7,295,688 |
| Information technology | $1,759,505 |
| Royalties | $0 |
| Occupancy | $2,178,256 |
| Travel | $620,607 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $501,340 |
| Interest | $15,257 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,360 |
| Insurance | $207,179 |
| All other expenses | $17,188,959 |
| Total functional expenses | $366,833,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,479,315 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,678,490 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,917,908 |
| Net Land, buildings, and equipment | $2,787,402 |
| Investments—publicly traded securities | $19,437,518 |
| Investments—other securities | $0 |
| Investments—program-related | $8,474,539 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $188,775,172 |
| Accounts payable and accrued expenses | $10,567,052 |
| Grants payable | $0 |
| Deferred revenue | $39,698,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $50,265,552 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $2,467,935 |
| Retained earnings, endowment, accumulated income, or other funds | $136,041,685 |
| Total liabilities and net assets/fund balances | $188,775,172 |
Grants Recieved
Over the last fiscal year, we have identified 52 grants that University Of Kentucky Research Foundation has recieved totaling $7,214,847.
| Awarding Organization | Amount |
|---|---|
American Heart Association Inc Dallas, TX PURPOSE: RESEARCH | $2,152,790 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR SUPPORT OF THE NATIONAL CENTER FOR INNOVATION IN EDUCATION | $335,577 |
Arthritis Foundation Inc Atlanta, GA PURPOSE: RESEARCH | $322,843 |
Fletcher Group Inc London, KY PURPOSE: PROGRAM SUPPORT | $309,616 |
Kentucky Corn Growers Association Eastwood, KY PURPOSE: VARIOUS AG. PROGRAMS | $304,865 |
Alzheimers Disease And Related Disorders Association Inc Chicago, IL PURPOSE: PROGRAM SUPPORT | $299,998 |
Endowment Analysis
| Beg. Balance | $14,980,112 |
| Earnings | $4,861,396 |
| Admin Expense | $147,342 |
| Net Contributions | -$27,866 |
| Other Expense | $401,752 |
| Ending Balance | $19,264,548 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky Medical Services Foundation Inc Lexington, KY | $270,966,937 | $425,440,367 |
University Of Kentucky Research Foundation Lexington, KY | $188,775,172 | $369,852,057 |
Ohio State University Foundation Columbus, OH | $1,631,201,845 | $350,432,065 |
University Of Illinois Foundation Urbana, IL | $2,568,738,108 | $352,648,216 |
Indiana University Foundation Bloomington, IN | $3,105,176,215 | $228,544,851 |
Purdue Research Foundation West Lafayette, IN | $3,096,906,780 | $183,185,294 |
Virginia Tech Foundation Inc Blacksburg, VA | $2,253,132,781 | $221,999,686 |
George Mason University Foundation Inc Fairfax, VA | $459,289,058 | $113,505,085 |
West Virginia Univ Foundation Inc Morgantown, WV | $1,952,164,791 | $155,430,683 |
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Ohio University Foundation Athens, OH | $641,559,157 | $75,179,430 |