Kennesaw State Unversity Research And Service Foundation Inc
- Assets
- $5.4m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Kennesaw, GA
- Founding
- 12/2007
- Data as of
- 06/2022
- EIN
- 37-1535589
Organization Overview
Kennesaw State Unversity Research And Service Foundation Inc is located in Kennesaw, GA. The organization was established in 2007. 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. Kennesaw State Unversity Research And Service Foundation Inc 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, Kennesaw State Unversity Research And Service Foundation Inc generated $8.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $9.5m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
THE FOUNDATION SECURES GIFTS, CONTRIBUTIONS, AND GRANTS FROM INDIVIDUALS, PRIVATE ORGANIZATIONS, AND PUBLIC AGENCIES AND OBTAINS CONTRACTS WITH SUCH INDIVIDUALS OR ENTITIES FOR THE PERFORMANCE OF SPONSORED RESEARCH, DEVELOPMENT, EDUCATION, OR OTHER PROGRAMS BY THE VARIOUS COLLEGES, SCHOOLS, DEPARTMENTS, OR OTHER UNITS OF THE UNIVERSITY. RESEARCH GRANTS AWARDED TO THE FOUNDATION ARE PRIMARILY SUBCONTRACTED TO THE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Schwaig Chair | OfficerTrustee | 1 | $0 |
Aaron Howell Treasurer | OfficerTrustee | 5 | $0 |
Nwakaego Nkumeh Walker Chief Legal Affairs Officer | OfficerTrustee | 5 | $0 |
Ivan Pulinkala Chief Executive Officer | OfficerTrustee | 1 | $0 |
Phaedra Corso Chief Operating Officer | OfficerTrustee | 10 | $0 |
Jordyn Upton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,512,727 |
| All other contributions, gifts, grants, and similar amounts not included above | $429,270 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,941,997 |
| Total Program Service Revenue | $5,791,266 |
| Investment income | $5,635 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $728,262 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,473,660 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,426,429 |
| 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 | $40,764 |
| Fees for services: Accounting | $22,901 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,995 |
| Advertising and promotion | $2,330 |
| Office expenses | $5,564 |
| Information technology | $0 |
| Royalties | $762,355 |
| Occupancy | $5,640 |
| Travel | $1,431 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,634 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,461 |
| All other expenses | $17,597 |
| Total functional expenses | $9,526,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,002,989 |
| Savings and temporary cash investments | $1,789,221 |
| Pledges and grants receivable | $575,053 |
| 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 | $53,038 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,420,301 |
| Accounts payable and accrued expenses | $2,768,549 |
| Grants payable | $0 |
| Deferred revenue | $1,657,535 |
| 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 | $4,426,084 |
| Net assets without donor restrictions | $467,299 |
| Net assets with donor restrictions | $526,918 |
| 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 | $5,420,301 |
Grants Awarded
Over the last fiscal year, Kennesaw State Unversity Research And Service Foundation Inc has awarded $5,078,106 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KENNESAW STATE UNIVERSITY PURPOSE: Multiple grants to Kennesaw State University were made for academic, research and institutional support along with public service. | $5,012,211 |
THE RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK PURPOSE: Produced in-depth, investigative or solution-oriented journalism stories related to juvenile justice, focused on the metropolitan New York area, while providing university students with hands-on journalism experience and education in juvenile justice issues. | $65,895 |