Nonprofit · EIN 16-6050703
CORNELL RESEARCH FOUNDATION INC
Also known as CONTROLLERS OFFICE
Tax-exempt · ITHACA, NY 14850
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $0 | $0 | $0 | $454,927 | $33,781,216 | -$33,326,289 |
| June 30, 2024 | 990 | $0 | $0 | $0 | $1,586,075 | $33,781,216 | -$32,195,141 |
| June 30, 2023 | 990 | $0 | $0 | $0 | $1,624,940 | $33,781,216 | -$32,156,276 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $1,586,075
- Total assets, end of year
- $454,927
- Total liabilities, end of year
- $33,781,216
- Net assets, end of year
- -$33,326,289
- Net assets without donor restrictions
- -$33,326,289
- Gross receipts
- $0
- Employees
- 0
- Volunteers
- 4
- Year formed
- 1932
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| BRIAN KELLY | VICE PRESIDENT Officer | 40 | $0 | $366,278 |
| XIANG LI | PRESIDENT Officer | 40 | $0 | $349,602 |
| KRYSTYN VLIET | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| CAROLANN SAGGESE | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| PATRICIA MCCLARY | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| JOHN E ALEXANDER | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| BRIAN KELLY | VICE PRESIDENT Officer | 40 | $0 | $353,737 |
| XIANG LI | PRESIDENT Officer | 40 | $0 | $333,252 |
| KRYSTYN VLIET | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| CAROLANN SAGGESE | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| PATRICIA MCCLARY | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| JOHN E ALEXANDER | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| BRIAN KELLY | VICE PRESIDENT Officer | 40 | $0 | $346,756 |
| XIANG LI | PRESIDENT Officer | 40 | $0 | $337,864 |
| KRYSTYN VLIET | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| CAROLANN SAGGESE | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| PATRICIA MCCLARY | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| JOHN E ALEXANDER | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 395 PINE TREE RD STE 310, ITHACA, NY 14850-2826
- In care of
- % TAX DEPARTMENT
- Principal officer (990 for 2024)
- ALICE LI, 395 PINE TREE ROAD SUITE 310, ITHACA, NY 14850
- Signed the 990
- ALICE LI, PRESIDENT
- Phone
- (607) 254-4698
- Website
- WWW.CCTEC.CORNELL.EDU
- Return prepared by
- SCIARABBA WALKER & CO LLP
Mission
THE ORGANIZATION'S MISSION IS TO FOSTER INVENTIVENESS AT CORNELL, PROTECT CORNELL'S INTELLECTUAL PROPERTY INTERESTS AND MANAGE THOSE INTERESTS FOR THE BENEFIT OF CORNELL, ITS INVENTORS AND THE PUBLIC.
Program accomplishments
- CORNELL RESEARCH FOUNDATION (CRF) HOLDS PATENTS ON TECHNICAL PROCESSES DEVELOPED BY CORNELL UNIVERSITY'S FACULTY AND STAFF. INCOME FROM HOLDING THE PROPERTY INURES TO THE BENEFIT OF CORNELL, A SECTION 501(C)(3) RESEARCH UNIVERSITY.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 16-6050703
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 1940
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B43I)
- Assets (IRS master file)
- $454,927
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $0 | $0 | $454,927 | XML |
| 990 | June 2024 | $0 | $0 | $1,586,075 | XML |
| 990 | June 2023 | $0 | $0 | $1,624,940 | XML |
| 990 | June 2022 | $0 | $0 | $1,586,340 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 16-6050703).
Questions about CORNELL RESEARCH FOUNDATION INC
- What is the EIN of CORNELL RESEARCH FOUNDATION INC?
- The employer identification number (EIN) of CORNELL RESEARCH FOUNDATION INC is 16-6050703.
- Is CORNELL RESEARCH FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 1940.
- Are donations to CORNELL RESEARCH FOUNDATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CORNELL RESEARCH FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of CORNELL RESEARCH FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORNELL RESEARCH FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CORNELL RESEARCH FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names ALICE LI.
- Who are the officers and directors of CORNELL RESEARCH FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does CORNELL RESEARCH FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $0, expenses of $0 and total assets of $454,927 at year end.
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