Purdue Research Foundation
- Assets
- $4.1b
- Revenue
- $255.7m
- Investments
- $2.3b
- Employees
- 474
- Location
- West Lafayette, IN
- Founding
- 03/1931
- Data as of
- 06/2022
- EIN
- 35-1052049
Organization Overview
Purdue Research Foundation is located in West Lafayette, IN. The organization was established in 1931. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Purdue Research Foundation employed 474 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Purdue 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 06/2022, Purdue Research Foundation generated $255.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $157.8m during the year ending 06/2022. While expenses have increased by 5.0% per year over the past 7 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.
Since 2015, Purdue Research Foundation has awarded 39 individual grants totaling $252,706,106. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY MISSION OF PURDUE RESEARCH FOUNDATION IS TO ADVANCE THE MISSION OF PURDUE UNIVERSITY.
Describe the Organization's Program Activity:
FUNDS WERE PROVIDED TO PURDUE UNIVERSITY FOR RESEARCH GRANTS, INTERNATIONAL TRAVEL GRANTS, AND DISTINGUISHED PROFESSOR GRANTS TO FURTHER ITS EDUCATION AND RESEARCH MISSIONS. FUNDING VIA SCHOLARSHIPS, AWARDS, DEVELOPMENT, AND ROYALTIES WAS ALSO PROVIDED TO SUPPLEMENT PURDUE UNIVERSITY. LASTLY, RENTAL INCOME WAS COLLECTED FROM TENANTS LOCATED WITHIN THE PURDUE RESEARCH PARK AS WELL AS RESIDENTIAL UNITS ON THE PURDUE UNIVERSITY CAMPUS AND SURROUNDING AREAS. PURDUE RESEARCH PARK IS THE HOME OF STATE-OF-THE-ART TECHNOLOGY BUSINESS INCUBATORS THAT HAVE A WORKING RELATIONSHIP WITH PURDUE UNIVERSITY TO PROVIDE STUDENTS WITH LEARNING AND RESEARCH OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chair | OfficerTrustee | 7 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Renascent Inc Construction | 6/29/22 | $1,125,731 |
Schwegman Lundberg Woessner & Kluth Pa Legal Services | 6/29/22 | $526,494 |
Hartman Global Ip Law Legal Services | 6/29/22 | $434,641 |
Dow Jones & Company Inc Advertising | 6/29/22 | $400,000 |
Piroozi-ip Llc Legal Services | 6/29/22 | $399,723 |
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 | $114,383,081 |
| Noncash contributions included in lines 1a–1f | $32,994,780 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,383,081 |
| Total Program Service Revenue | $51,869,029 |
| Investment income | $17,828,770 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,555,837 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $62,418,146 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $255,699,800 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $44,196,394 |
| 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. | $2,139,172 |
| Compensation of current officers, directors, key employees. | $1,390,462 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,716,409 |
| Pension plan accruals and contributions | $3,360,937 |
| Other employee benefits | $4,467,785 |
| Payroll taxes | $2,362,406 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,025,286 |
| Fees for services: Accounting | $284,255 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $547,758 |
| Fees for services: Other | $2,273,345 |
| Advertising and promotion | $1,936,687 |
| Office expenses | $1,339,872 |
| Information technology | $2,034,583 |
| Royalties | $3,596,155 |
| Occupancy | $11,766,041 |
| Travel | $1,562,752 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,981,863 |
| Interest | $5,282,670 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,060,078 |
| Insurance | $18,288 |
| All other expenses | $2,606,353 |
| Total functional expenses | $157,836,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,524,074 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,865,482 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $43,139,535 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $202,211,818 |
| Investments—publicly traded securities | $1,497,172,152 |
| Investments—other securities | $2,311,009,794 |
| Investments—program-related | $0 |
| Intangible assets | $477,450 |
| Other assets | $16,781,475 |
| Total assets | $4,144,181,780 |
| Accounts payable and accrued expenses | $30,443,894 |
| Grants payable | $0 |
| Deferred revenue | $20,443,981 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,600,028,812 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $992,953 |
| Unsecured mortgages and notes payable | $134,770,417 |
| Other liabilities | $48,617,876 |
| Total liabilities | $2,835,297,933 |
| Net assets without donor restrictions | $255,208,528 |
| Net assets with donor restrictions | $1,053,675,319 |
| 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 | $4,144,181,780 |
Grants Awarded
Over the last fiscal year, Purdue Research Foundation has awarded $37,241,038 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PURDUE UNIVERSITY PURPOSE: Scholarships and Research | $37,157,937 |
BOILERMAKER HEALTH INNOVATIONS INC PURPOSE: Program Support | $83,101 |