Research Foundation Of Frostburg State University
- Assets
- $46.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Frostburg, MD
- Founding
- Data as of
- 06/2024
- EIN
- 86-2339575
Organization Overview
Research Foundation Of Frostburg State University is located in Frostburg, MD. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Research Foundation Of Frostburg State University 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 06/2024, Research Foundation Of Frostburg State University generated $19.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.9%) each year.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
DEVELOPMENT OF FSU INNOVATION PARK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Albert Delia Vice Preside | 5 | $0 | |
Dr Ronald Nowaczyk President | 0.5 | $0 | |
Mr Troy Donoway Treasurer | 0.5 | $0 | |
Ms Rachel Michalski Member | 0.5 | $0 | |
Dr John Lombardi Member | 0.5 | $0 | |
Dr Johnston Hegeman Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $19,437 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $19,437 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,396 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,031 |
| Total expenses | $4,427 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $46,093 |
| Other assets | $0 |
| Total assets | $46,093 |
| Total liabilities | $582 |
| Net assets or fund balances | $45,511 |