Georgia State University Research Foundation Inc
- Assets
- $92.5m
- Revenue
- $122.5m
- Investments
- $194.5k
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 10/1989
- Data as of
- 06/2022
- EIN
- 58-1845423
Organization Overview
Georgia State University Research Foundation Inc is located in Atlanta, GA. The organization was established in 1989. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Georgia State University Research 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, Georgia State University Research Foundation Inc generated $122.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $115.8m during the year ending 06/2022. While expenses have increased by 6.0% 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.
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:
RESEARCH GRANTS ARE AWARDED TO GEORGIA STATE UNIVERSITY. GEORGIA STATE UNIVERSITY IS A PREMIER URBAN PUBLIC RESEARCH UNIVERSITY, SOLVING GLOBAL CHALLENGES IN HUMAN HEALTH. RESEARCHERS UTILIZE THE UNIVERSITY'S STATE-OF-THE-ART FACILITIES AND WORK ACROSS THE DISCIPLINES TO ADDRESS CRITICAL QUALITY OF LIFE ISSUES, SUCH AS CANCER, OBESITY, INFLAMMATION, VACCINE DEVELOPMENT, CHILD AND ADULT LITERACY, AND PUBLIC HEALTH ISSUES RELATED TO SMOKING, AND OTHER CHRONIC DISEASES. ANNUAL GRANT AWARDS RECEIVED AT THE UNIVERSITY HAVE EXCEEDED THE $100 MILLION MILESTONE FOR THE PAST THREE YEARS. FEDERAL SPONSORSHIP ACCOUNTS FOR OVER 70 PERCENT OF THE TOTAL GRANT AWARD VOLUME AT THE UNIVERSITY.
THE FOUNDATION SUPPORTED THE LEARNING ENGINEERING TOOLS COMPETITION IN 2021, A MULTI-MILLION DOLLAR PRIZE CHALLENGE TO LEVERAGE TECHNOLOGY, DATA, AND LEARNING SCIENCE TO MEET THE URGENT NEEDS OF LEARNERS ACROSS GENERATIONS. THE COMPETITION INVITED TECHNOLOGISTS, DIGITAL LEARNING PLATFORMS, RESEARCHERS, STUDENTS, AND TEACHERS FROM AROUND THE GLOBE TO PROPOSE INNOVATIVE TOOLS OR TECHNOLOGIES TARGETING ONE OF THE FOUR FOLLOWING AREAS IN EDUCATION: ACCELERATION OF LEARNING IN ELEMENTARY AND SECONDARY LITERACY AND MATH; TRANSFORMATION OF K-12 ASSESSMENTS IN BOTH COST AND QUALITY; FACILIATION OF FASTER, BETTER, AND CHEAPER LEARNING SCIENCE RESEARCH; OR DRIVING IMPROVEMENTS IN ADULT LEARNING THAT BOOSTS WAGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Denning Chairperson | OfficerTrustee | 5 | $0 |
Jerry J Rackliffe Vice Chairperson | OfficerTrustee | 5 | $0 |
Kerry L Heyward Secretary | OfficerTrustee | 5 | $0 |
M Bryan Blake Director | Trustee | 1 | $0 |
Margo Brinton Director | Trustee | 1 | $0 |
Wendy Hensel Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pd Kim Consulting Grants Mgmt Consult | 6/29/22 | $248,819 |
Meunier Carlin & Curfman Llc Legal | 6/29/22 | $161,641 |
Kilpatrick Townsend & Stockton Llp Legal | 6/29/22 | $153,236 |
Mccarthy Building Companies Construction | 6/29/22 | $213,708 |
Computer Packages Inc Legal | 6/29/22 | $142,241 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $91,510,537 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,379,870 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,890,407 |
| Total Program Service Revenue | $6,280,616 |
| Investment income | $410,153 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50,120 |
| Net Gain/Loss on Asset Sales | -$723,696 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $122,526,995 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $106,969,777 |
| 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 | $818,204 |
| Fees for services: Accounting | $150,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,576 |
| Fees for services: Other | $671,774 |
| Advertising and promotion | $598 |
| Office expenses | $411,288 |
| Information technology | $15,777 |
| Royalties | $27,192 |
| Occupancy | $637,418 |
| Travel | $16,538 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $315,937 |
| Interest | $1,046,069 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $159,707 |
| Insurance | $312,759 |
| All other expenses | $36,036 |
| Total functional expenses | $115,755,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,312,213 |
| Pledges and grants receivable | $9,282,276 |
| Accounts receivable, net | $56,936 |
| 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 | $28,420,342 |
| Net Land, buildings, and equipment | $5,708,981 |
| Investments—publicly traded securities | $7,539,517 |
| Investments—other securities | $194,515 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,002,360 |
| Total assets | $92,517,140 |
| Accounts payable and accrued expenses | $25,151,917 |
| Grants payable | $0 |
| Deferred revenue | $28,470,140 |
| 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 | $744,256 |
| Total liabilities | $54,366,313 |
| Net assets without donor restrictions | $30,515,536 |
| Net assets with donor restrictions | $7,635,291 |
| 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 | $92,517,140 |
Grants Awarded
Over the last fiscal year, Georgia State University Research Foundation Inc has awarded $87,810,686 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGIA STATE UNIVERSITY PURPOSE: RESEARCH | $87,797,178 |
GEORGIA STATE UNIVERSITY PURPOSE: CAPITAL SUPPORT | $13,508 |