Georgia State University Research Foundation Inc
- Assets
- $146.7m
- Revenue
- $107.3m
- Investments
- $135.4k
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 10/1989
- Data as of
- 06/2020
- 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 06/2020, Georgia State University Research Foundation Inc generated $107.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $104.9m during the year ending 06/2020. While expenses have increased by 5.3% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION, INC. IS CREATED TO SUPPORT THE RESEARCH ACTIVITIES OF GEORGIA STATE UNIVERSITY. THE ORGANIZATION SUPPORTS SUCH RESEARCH ACTIVITIES BY ACCEPTING AND ADMINISTERING GRANTS/CONTRACTS RECEIVED IN SUPPORT OF RESEARCH PROPOSALS SUBMITTED BY UNIVERSITY EMPLOYEES THROUGH THE RESEARCH FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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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 |
Margo Brinton Director | Trustee | 1 | $0 |
Wendy Hensel Director | Trustee | 1 | $0 |
Sarah Rosen Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thomas Horstmeyer Legal | 6/29/21 | $163,639 |
Cherry Bekaert Auditing | 6/29/21 | $150,250 |
Kilpatrick Townsend Legal | 6/29/21 | $124,583 |
Meunier Carlin & Curfman Legal | 6/29/21 | $147,136 |
Pabst Patent Group Legal | 6/29/21 | $106,115 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,244,884 |
| Investment income | $533,609 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $115,803 |
| Net Gain/Loss on Asset Sales | $5,304 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,272,421 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $994 |
| 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 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 | $1,035,195 |
| Fees for services: Accounting | $150,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,900 |
| Fees for services: Other | $409,892 |
| Advertising and promotion | $2,000 |
| Office expenses | $208,332 |
| Information technology | $27,319 |
| Royalties | $0 |
| Occupancy | $281,920 |
| Travel | $21,809 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $393,480 |
| Interest | $2,562,806 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $713,171 |
| Insurance | $115,282 |
| All other expenses | $0 |
| Total functional expenses | $104,932,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,965,270 |
| Pledges and grants receivable | $10,153,466 |
| Accounts receivable, net | $72,000 |
| 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 | $17,139,467 |
| Investments—publicly traded securities | $14,003,734 |
| Investments—other securities | $135,374 |
| Investments—program-related | $67,619,100 |
| Intangible assets | $0 |
| Other assets | $17,064,176 |
| Total assets | $146,714,005 |
| Accounts payable and accrued expenses | $20,892,220 |
| Grants payable | $0 |
| Deferred revenue | $17,231,388 |
| Tax-exempt bond liabilities | $77,933,591 |
| 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 | $116,057,199 |
| 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 | $30,656,806 |
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 |
Grants Recieved
Over the last fiscal year, we have identified 33 grants that Georgia State University Research Foundation Inc has recieved totaling $12,265,462.
| Awarding Organization | Amount |
|---|---|
American Heart Association Inc Dallas, TX PURPOSE: RESEARCH | $2,359,112 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $2,200,000 |
Bradley Impact Fund Inc Milwaukee, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $1,000,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $1,000,000 |
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO LAUNCH THE OPEN DATA FOR ASSESSMENT FUND, A CLEARINGHOUSE TO CREATE AND RELEASE OPEN ASSESSMENT DATASETS. | $1,000,000 |
Georgia Research Alliance Inc Atlanta, GA PURPOSE: GRA VENTURES GRANTS | $655,000 |
Endowment Analysis
| Beg. Balance | $6,202,231 |
| Earnings | $1,816,448 |
| Other Expense | $89,479 |
| Ending Balance | $7,929,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia State University Research Foundation Inc Atlanta, GA | $146,714,005 | $107,272,421 |
Blumenthal Foundation For Charity Religion Education & Better Inter- Charlotte, NC | $23,001,531 | $670,652 |
Cif Foundation Raleigh, NC | $1,312,868 | $2,652,169 |
Univ Of South Alabama Foundation For Research And Commercialization Mobile, AL | $35,054 | $942,676 |
Justworld International Inc Wellington, FL | $628,475 | $1,109,531 |
International Consortium Of Universities For Drug Demand Reduc Tampa, FL | $418,987 | $733,299 |
Charter Educational Services & Resources Inc Alpharetta, GA | $435,219 | $822,828 |
North Carolina Science Mathematics And Technology Education Center Research Triangle Park, NC | $166,934 | $630,072 |
Childrens Research & Education Institute Inc Charleston, SC | $8,303 | $620,928 |
Center For Race And Opportunity Morrisville, NC | $57,584 | $538,153 |
International Town & Gown Association Clemson, SC | $465,061 | $487,303 |
Tennessee Pharmacists Research And Education Foundation Nashville, TN | $1,109,479 | $372,333 |