University Of Tennessee Research Foundation
- Assets
- $82.8m
- Revenue
- $8.8m
- Investments
- $152.5k
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 06/1958
- Data as of
- 06/2022
- EIN
- 62-6047697
Organization Overview
University Of Tennessee Research Foundation is located in Knoxville, TN. The organization was established in 1958. According to its NTEE Classification (B43) the organization is classified as: Universities, 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 Tennessee 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 Tennessee Research Foundation generated $8.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $6.4m during the year ending 06/2022. While expenses have increased by 0.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTED, ENCOURAGED, AND AIDED SCIENTIFIC, SOCIAL AND/OR EDUCATIONAL INVESTIGATION AND RESEARCH BY ASSISTING THE MARKETING OF TECHNOLOGIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTED, ENCOURAGED, AND AIDED SCIENTIFIC, SOCIAL AND/OR EDUCATIONAL INVESTIGATION AND RESEARCH BY ASSISSTING THE MARKETING OF TECHNOLOGIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Mahalaxmi Krishnamurthy Vice Preside | Officer | 1 | $0 |
Ron Loewen Assistant Tr | Officer | 1 | $0 |
Luke Lybrand Treasurer | Officer | 1 | $0 |
William E Mason Secretary & | Officer | 1 | $0 |
Brendan Boyd Board Member | Trustee | 1 | $0 |
Dr Deborah Crawford Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jenkins Wilson Taylor & Hunt Legal | 6/29/22 | $208,644 |
Techstars Central Llc Entrepreneur | 6/29/22 | $1,200,000 |
Piper Communications Consulting | 6/29/22 | $106,515 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,906,067 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,906,067 |
| Total Program Service Revenue | $6,865,158 |
| Investment income | $17,335 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$860 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,787,700 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $1,083,369 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $392,554 |
| Payroll taxes | $0 |
| Fees for services: Management | $172,368 |
| Fees for services: Legal | $43,284 |
| Fees for services: Accounting | $26,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,900 |
| Advertising and promotion | $147,848 |
| Office expenses | $35,553 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,482 |
| Travel | $20,991 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,511 |
| Insurance | $25,213 |
| All other expenses | $43,056 |
| Total functional expenses | $6,374,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,431,522 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,491,145 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,250,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $34,928 |
| Net Land, buildings, and equipment | $72,753 |
| Investments—publicly traded securities | $602,755 |
| Investments—other securities | $152,455 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,721,125 |
| Total assets | $82,756,683 |
| Accounts payable and accrued expenses | $477,119 |
| Grants payable | $0 |
| Deferred revenue | $89,784 |
| 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 | $341,164 |
| Total liabilities | $908,067 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $990,384 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $80,858,232 |
| Total liabilities and net assets/fund balances | $82,756,683 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that University Of Tennessee Research Foundation has recieved totaling $1,262,215.
| Awarding Organization | Amount |
|---|---|
Clay And Debbiejones Family Foundation Naples, FL PURPOSE: GENERAL PURPOSES | $750,000 |
The William B Stokely Jr Foundation Knoxville, TN PURPOSE: COLLEGE EDUCATION | $105,000 |
The William B Stokely Jr Foundation Knoxville, TN PURPOSE: COLLEGE EDUCATION | $100,000 |
Powell Foundation Johnson City, TN PURPOSE: GENOMICS GRADUATE STUDENT SUPPORT | $75,000 |
Powell Foundation Johnson City, TN PURPOSE: ENERGY/ENVIRONMENT SCIENCE ED. RESEA | $50,000 |
Powell Foundation Johnson City, TN PURPOSE: SANDRA G POWELL WOMEN'S ATHLETIC SCH | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Emory University Decatur, GA | $5,794,825 | $19,416,810 |
Troy University Foundation Troy State University, AL | $216,795,680 | $14,891,109 |
Crown College Powell, TN | $16,563,165 | $8,650,181 |
University Of Central Arkansas Foundation Inc Conway, AR | $76,302,395 | $12,983,167 |
Amridge University Inc Montgomery, AL | $15,939,891 | $8,229,129 |
Appalachian College Of Pharmacy Oakwood, VA | $36,195,397 | $7,728,362 |
Austin Peay State University Foundation Clarksville, TN | $60,731,234 | $13,661,420 |
University Of Tennessee Research Foundation Knoxville, TN | $82,756,683 | $8,787,700 |
School Of Media And Journalism Foundation Of North Carolina Inc Chapel Hill, NC | $50,008,414 | $6,859,944 |
Calvary University Kansas City, MO | $12,316,825 | $1,875,961 |
Virginia Commonwealth University Real Estate Foundation Richmond, VA | $95,872,198 | $7,982,693 |
Western Carolina University Foundation Cullowhee, NC | $76,335,154 | $7,286,676 |