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Nonprofit · EIN 55-0683361

MARSHALL UNIVERSITY RESEARCH CORPORATION

Tax-exempt · HUNTINGTON, WV 25755

Financials

$61.6M$60.9M2022$75.7M$66.3M2023$70.7M$68.2M2024
Revenue Expenses · by fiscal year end
Financials of MARSHALL UNIVERSITY RESEARCH CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$70,673,508$68,187,347$2,486,161$79,439,700$22,134,741$57,304,959
June 30, 2024990$75,676,338$66,279,427$9,396,911$75,248,125$20,429,327$54,818,798
June 30, 2023990$61,567,325$60,881,644$685,681$69,950,636$24,528,749$45,421,887
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$61,964,901
of which government grants
$58,606,705
Program service revenue
$0
Investment income
$1,759,835
Other revenue
$6,948,772

Expenses

Grants and similar amounts paid
$3,323,307
Compensation of officers, directors and key employees
$0
Other salaries and wages
$28,650,932
Salaries, compensation and benefits (total)
$36,007,179
Professional fundraising fees
$0
Legal fees
$248,954
Occupancy
$180,823
Travel
$1,809,201
Depreciation
$2,045,355
Program services (functional)
$57,233,170
Management and general (functional)
$10,317,136
Fundraising (functional)
$637,041

Balance sheet and other

Total assets, start of year
$75,248,125
Total assets, end of year
$79,439,700
Total liabilities, end of year
$22,134,741
Net assets, end of year
$57,304,959
Land, buildings and equipment
$16,436,420
Gross receipts
$70,673,508
Employees
831
Volunteers
0
Year formed
1987
State of legal domicile
WV

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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
Brad SmithChair
Trustee or director, Officer, Key employee
0$481,412$36,528$517,940
David GozalBoard Member
Trustee or director
0$367,620$33,318$400,938
Avi MukherjeeVice Chair
Trustee or director, Officer
0$308,780$23,354$332,134
Matt TiddBoard Member
Trustee or director
0$243,682$27,420$271,102
David DampierBoard Member
Trustee or director
0$247,607$14,906$262,513
Toney StroudSecretary
Trustee or director, Officer
0$229,498$24,492$253,990
John MaherBoard Member
Trustee or director, Key employee
0$224,712$13,051$237,763
Wesley StitesBoard Member
Trustee or director
0$199,847$28,544$228,391
Robert PlymaleHighest compensated employee
Highest-paid employee
37.5$181,985$17,292$199,277
Charlotte WeberBoard Member
Trustee or director, Highest-paid employee
0$172,125$26,832$198,957
Brandi Jacob-JonesBoard Member
Trustee or director
0$171,832$26,309$198,141
Brandon DennisonBoard Member
Trustee or director
0$167,853$20,709$188,562
Leah MasonHighest compensated employee
Highest-paid employee
37.5$133,338$20,984$154,322
Jennifer WoodHighest compensated employee
Highest-paid employee
37.5$125,523$19,525$145,048
Uma SundaramBoard Member
Trustee or director
0$133,010$8,035$141,045
6 more people on this return
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Niki Rowe-FortnerHighest compensated employee
Highest-paid employee
37.5$111,269$20,627$131,896
Derek ScarbroHighest compensated employee
Highest-paid employee
37.5$110,465$20,684$131,149
Nadja SpitzerBoard Member
Trustee or director
0$92,258$13,414$105,672
Michael CastellaniBoard Member
Trustee or director
0$87,177$13,219$100,396
Beth HammersBoard Member
Trustee or director
0$0$0$0
Chris PlybonBoard Member
Trustee or director
0$0$0$0
990 for the year ended June 30, 2024: 17 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Brad SmithChair
Trustee or director, Officer
0$0$481,378$33,096
Avi MukherjeeVice Chair
Trustee or director, Officer
0$0$296,363$21,757
Matt TiddBoard Member
Trustee or director
0$0$239,649$24,357
David DampierBoard Member
Trustee or director
0$0$229,913$13,835
Toney StroudSecretary
Trustee or director, Officer
0$0$223,965$16,551
John MaherBoard Member
Trustee or director, Officer, Key employee
37.5$0$218,126$12,793
Robert PlymaleAssociate VP for Economic Dev
Highest-paid employee
37.5$178,050$0$22,629
Brandi Jacob-JonesBoard Member
Trustee or director
0$0$170,238$23,622
Charlotte WeberBoard Member
Trustee or director
0$0$169,176$24,052
David GozalBoard Member
Trustee or director
0$0$141,298$14,879
Uma SundaramBoard Member
Trustee or director
0$0$133,025$8,032
Wesley StitesBoard Member
Trustee or director
0$0$96,854$12,040
Michael CastellaniBoard Member
Trustee or director
0$0$85,652$11,875
Nadja SpitzerBoard Member
Trustee or director
0$0$85,406$11,755
Brandon DennisonBoard Member
Trustee or director
0$0$74,527$8,605
Beth HammersBoard Member
Trustee or director
0$0$0$0
Chris PlybonBoard Member
Trustee or director
0$0$0$0
990 for the year ended June 30, 2023: 15 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Brad SmithChair
Trustee or director, Officer
0$0$517,127$517,127
Avi MukherjeeVice Chair
Trustee or director, Officer
0$0$321,838$321,838
David DampierBoard Member
Trustee or director
0$0$267,441$267,441
John MaherBoard Member
Trustee or director
0$0$240,994$240,994
Robert PlymaleAssociate VP for Economic Dev
Highest-paid employee
37.5$204,631$0$204,631
Charlotte WeberBoard Member
Trustee or director, Key employee, Highest-paid employee
37.5$73,640$120,617$194,257
Brandi Jacob-JonesBoard Member
Trustee or director
0$0$194,256$194,256
Andrew NicholsResearch Professor
Highest-paid employee
37.5$127,609$0$127,609
Toney StroudSecretary
Trustee or director, Officer
0$0$117,271$117,271
Michael CastellaniBoard Member
Trustee or director
0$0$99,082$99,082
Matt TiddBoard Member
Trustee or director
0$0$29,784$29,784
Beth HammersBoard Member
Trustee or director
0$0$0$0
Chris PlybonBoard Member
Trustee or director
0$0$0$0
Thomas L CraigBoard Member
Trustee or director
0$0$0$0
John HessBoard Member
Trustee or director
0$0$0$0

Address and contacts

Address (IRS master file)
1 JOHN MARSHALL DR, HUNTINGTON, WV 25755-0002
Principal officer (990 for 2024)
Marshall University Research Corporation, One John Marshall Drive, Huntington, WV 25755
Signed the 990
Jennifer Wood, Chief Financial Officer
Phone
(304) 696-2829

Mission

Charitable education and scientific research

990 for the year ended June 30, 2025

Program accomplishments

  • Marshall University Research Corporation operates for charitable education and scientific purposes to foster, support, and participate in research and economic development activities in the furtherance of the educational objectives and mission of Marshall University.
    Expenses $57,233,170 · grants $3,323,307 · revenue $70,673,508

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
55-0683361
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Organization supporting a government college or university
Donations deductible (Pub 78)
Group exemption
Exempt since
2010
Accounting year ends
June
Files
Form 990 or 990-EZ
Group exemption
5623 (1 member organizations)
Assets (IRS master file)
$79,439,700
Income (IRS master file)
$70,673,508

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$70,673,508$68,187,347$79,439,700IRS
990June 2024$75,676,338$66,279,427$75,248,125IRS
990June 2023$61,567,325$60,881,644$69,950,636XML
990June 2022$55,976,007$55,779,707$66,524,780IRS
990June 2021$55,595,334$47,675,471$66,297,155IRS
990June 2020$41,051,738$44,351,236$56,401,232IRS
990June 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 55-0683361).

Questions about MARSHALL UNIVERSITY RESEARCH CORPORATION

What is the EIN of MARSHALL UNIVERSITY RESEARCH CORPORATION?
The employer identification number (EIN) of MARSHALL UNIVERSITY RESEARCH CORPORATION is 55-0683361.
Is MARSHALL UNIVERSITY RESEARCH CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
Are donations to MARSHALL UNIVERSITY RESEARCH CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Group exemption).
Which annual return does MARSHALL UNIVERSITY RESEARCH CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MARSHALL UNIVERSITY RESEARCH CORPORATION 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 MARSHALL UNIVERSITY RESEARCH CORPORATION 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 MARSHALL UNIVERSITY RESEARCH CORPORATION?
The 990 for the year ended June 30, 2025 names Marshall University Research Corporation.
Who are the officers and directors of MARSHALL UNIVERSITY RESEARCH CORPORATION?
The 990 for the year ended June 30, 2025 lists 21 people; 19 received compensation from the organization, the highest $481,412 (Brad Smith, Chair).
How much revenue does MARSHALL UNIVERSITY RESEARCH CORPORATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $70,673,508, expenses of $68,187,347 and total assets of $79,439,700 at year end.

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