University Of Kentucky Research Foundation
- Assets
- $216.1m
- Revenue
- $445.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 07/1947
- Data as of
- 06/2022
- EIN
- 61-6033693
Organization Overview
University Of Kentucky Research Foundation is located in Lexington, KY. The organization was established in 1947. 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. University Of Kentucky 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, University Of Kentucky Research Foundation generated $445.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $424.2m during the year ending 06/2022. While expenses have increased by 6.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE SCIENTIFIC, EDUCATIONAL AND DEVELOPMENT ACTIVITIES AT THE UNIVERSITY OF KENTUCKY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Newman Mark Director | Trustee | 1 | $0 |
Monday Eric N Director | Trustee | 1 | $0 |
Capilouto Eli President | OfficerTrustee | 1 | $0 |
Dipaola Robert Director | Trustee | 1 | $0 |
Cassis Lisa VP And Executive Director | OfficerTrustee | 1 | $0 |
Cox Penny Treasurer | Officer | 1 | $0 |
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 | $9,772,758 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,772,758 |
| Total Program Service Revenue | $433,193,617 |
| Investment income | $470,546 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $591,233 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $445,323,168 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,115,472 |
| 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 | $895,096 |
| Fees for services: Accounting | $96,457 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,068,363 |
| Advertising and promotion | $0 |
| Office expenses | $9,729,662 |
| Information technology | $1,965,088 |
| Royalties | $0 |
| Occupancy | $1,917,432 |
| Travel | $3,720,787 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $465,395 |
| Interest | $11,703 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $772,572 |
| Insurance | $194,830 |
| All other expenses | $25,236,488 |
| Total functional expenses | $424,187,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,707,638 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,556,107 |
| 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 | $2,386,180 |
| Net Land, buildings, and equipment | $2,704,042 |
| Investments—publicly traded securities | $18,068,869 |
| Investments—other securities | $0 |
| Investments—program-related | $8,566,595 |
| Intangible assets | $0 |
| Other assets | $2,110,570 |
| Total assets | $216,100,001 |
| Accounts payable and accrued expenses | $13,393,753 |
| Grants payable | $0 |
| Deferred revenue | $42,784,140 |
| 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 | $2,144,464 |
| Total liabilities | $58,322,357 |
| 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 | $2,609,842 |
| Retained earnings, endowment, accumulated income, or other funds | $155,167,802 |
| Total liabilities and net assets/fund balances | $216,100,001 |