Denison University Research Foundation
- Assets
- $3.2m
- Revenue
- $306.8k
- Investments
- $1.1m
- Employees
- 0
- Location
- Granville, OH
- Founding
- 04/1960
- Data as of
- 06/2021
- EIN
- 31-6024390
Organization Overview
Denison University Research Foundation is located in Granville, OH. The organization was established in 1960. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. Denison University 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, Denison University Research Foundation generated $306.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $113.7k during the year ending 06/2021. While expenses have increased by 3.5% 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
THE MISSION OF THE DENISON UNIVERSITY RESEARCH FOUNDATION IS TO SUPPORT THE RESEARCH OF THE FACULTY OF DENISON UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FUNDING FOR 16 GRANTS FOR THE EDUCATIONAL DEVELOPMENT OF THE TEACHING STAFF AND STUDENTS OF DENISON UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Little Trustee & Vice President | OfficerTrustee | 0.5 | $0 |
Adam Weinberg President, Denison University | Officer | 0.5 | $0 |
David English VP For Fin.&mgmt.,denison Univ. | Officer | 0.5 | $0 |
Kimberly Specht Executive Director | Officer | 0.5 | $0 |
Rod Korba Trustee | Trustee | 0.5 | $0 |
Thomas Hattersley Trustee | Trustee | 0.5 | $0 |
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 | $20,186 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,186 |
| Total Program Service Revenue | $0 |
| Investment income | $7,950 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $278,648 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $306,784 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $113,501 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $200 |
| Total functional expenses | $113,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,401 |
| Savings and temporary cash investments | $50,195 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,945,892 |
| Investments—other securities | $1,124,227 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,171,715 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $3,079,465 |
| Net assets with donor restrictions | $92,250 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,171,715 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Denison University Research Foundation has recieved totaling $24,959.
| Awarding Organization | Amount |
|---|---|
Elmer M Jones Trust Detroit, MI PURPOSE: CONSTRUCTIVE RESEARCH IN | $24,959 |
Endowment Analysis
| Beg. Balance | $2,474,095 |
| Earnings | $768,454 |
| Grants | $122,234 |
| Ending Balance | $3,120,315 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marywood University Scranton, PA | $244,412,152 | $100,984,557 |
Saint Francis University Loretto, PA | $151,334,265 | $103,685,117 |
Indiana Institute Of Technology Inc Fort Wayne, IN | $325,851,841 | $108,107,562 |
Delaware Valley University Doylestown, PA | $115,886,881 | $93,931,517 |
Alvernia University Reading, PA | $170,646,570 | $90,031,322 |
Misericordia University Dallas, PA | $208,480,483 | $89,800,861 |
Andrews Academy Berrien Springs, MI | $217,758,414 | $91,457,423 |
Eastern University St Davids, PA | $97,736,290 | $80,183,384 |
Lawrence Technological University Southfield, MI | $206,424,495 | $77,203,633 |
Walsh University North Canton, OH | $125,540,692 | $81,110,683 |
Cabrini University Radnor, PA | $134,382,382 | $73,061,139 |
Northwood University Midland, MI | $206,640,197 | $67,719,695 |