Purdue Research Foundation
- Assets
- $3.1b
- Revenue
- $183.2m
- Investments
- $1.2b
- Employees
- 417
- Location
- West Lafayette, IN
- Founding
- 03/1931
- Data as of
- 06/2020
- 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 06/2021, Purdue Research Foundation employed 417 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 06/2020, Purdue Research Foundation generated $183.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $153.9m during the year ending 06/2020. While expenses have increased by 5.5% 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.
Since 2015, Purdue Research Foundation has awarded 34 individual grants totaling $266,965,617. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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:
Part 3 - Line 4a
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 Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Browning Construction Llc Construction | 6/29/21 | $1,590,395 |
Innovation District Apartments Llc Construction | 6/29/21 | $1,436,311 |
Milestone Contractors Lp Construction | 6/29/21 | $493,091 |
9-12 Llc Consulting | 6/29/21 | $899,518 |
Schwegman Lundberg Woessner & Kluth Pa Legal Services | 6/29/21 | $559,640 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,957,867 |
| Investment income | $18,197,124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $11,379,760 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,448,816 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $183,185,294 |
| Statement of Expenses | |
|---|---|
| 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. | $2,711,065 |
| Compensation to disqualified persons | $110,400 |
| Other salaries and wages | $27,215,683 |
| Pension plan accruals and contributions | $3,028,558 |
| Other employee benefits | $4,306,573 |
| Payroll taxes | $2,042,674 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,523,391 |
| Fees for services: Accounting | $282,293 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,209,929 |
| Fees for services: Other | $3,429,690 |
| Advertising and promotion | $1,487,000 |
| Office expenses | $1,058,518 |
| Information technology | $2,294,747 |
| Royalties | $8,999,489 |
| Occupancy | $9,884,973 |
| Travel | $1,483,964 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,864,165 |
| Interest | $6,451,234 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,176,224 |
| Insurance | $26,915 |
| All other expenses | $0 |
| Total functional expenses | $153,938,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,625,699 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,267,557 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $50,978,560 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $1,539,964,918 |
| Investments—other securities | $1,204,566,772 |
| Investments—program-related | $0 |
| Intangible assets | $5,234,401 |
| Other assets | $15,799,245 |
| Total assets | $3,096,906,780 |
| Accounts payable and accrued expenses | $29,080,546 |
| Grants payable | $0 |
| Deferred revenue | $17,931,779 |
| Tax-exempt bond liabilities | $9,220,000 |
| Escrow or custodial account liability | $1,829,898,790 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,626,656 |
| Unsecured mortgages and notes payable | $138,271,163 |
| Other liabilities | $48,136,816 |
| Total liabilities | $2,074,165,750 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,022,741,030 |
Grants Awarded
Over the last fiscal year, Purdue Research Foundation has awarded $37,241,038 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
West Lafayette, IN PURPOSE: Scholarships and Research | $37,157,937 |
West Lafayette, IN PURPOSE: Program Support | $83,101 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Purdue Research Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Noamh Losaf An T-Oibri St Louis, MO PURPOSE: EDUCATION | $5,000 |
Endowment Analysis
| Beg. Balance | $727,634,944 |
| Earnings | $303,149,038 |
| Net Contributions | $12,660,281 |
| Other Expense | $22,243,013 |
| Grants | $32,443,521 |
| Ending Balance | $988,757,729 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky Medical Services Foundation Inc Lexington, KY | $270,966,937 | $425,440,367 |
University Of Wisconsin Foundation Madison, WI | $5,692,461,410 | $739,045,115 |
University Of Kentucky Research Foundation Lexington, KY | $188,775,172 | $369,852,057 |
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 |
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Iu Medical Group Foundation Inc Indianapolis, IN | $256,189,183 | $45,380,536 |
Missouri State University Foundation Springfield, MO | $193,009,225 | $33,993,322 |
Wku Student Life Foundation Inc Bowling Green, KY | $178,491,745 | $30,600,200 |
Ball State University Foundation Muncie, IN | $262,845,495 | $25,627,270 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |