Nonprofit · EIN 59-2729133
UNIVERSITY OF FLORIDA RESEARCH FOUNDATION INC
Tax-exempt · GAINESVILLE, FL 32601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $49,116,740 | $54,352,000 | -$5,235,260 | $132,128,503 | $26,639,774 | $105,488,729 |
| June 30, 2024 | 990 | $45,326,504 | $47,445,635 | -$2,119,131 | $136,829,768 | $26,348,464 | $110,481,304 |
| June 30, 2023 | 990 | $50,936,738 | $49,536,773 | $1,399,965 | $139,930,356 | $27,112,377 | $112,817,979 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $13,313,926
- Investment income
- $683,101
- Royalties
- $35,119,353
- Net gain from sales of assets
- $632,311
- Other revenue
- $35,119,713
Expenses
- Grants and similar amounts paid
- $12,478,468
- Compensation of officers, directors and key employees
- $770,666
- Other salaries and wages
- $3,914,311
- Salaries, compensation and benefits (total)
- $5,092,366
- Professional fundraising fees
- $0
- Legal fees
- $8,067,984
- Accounting fees
- $101,550
- Occupancy
- $49,500
- Travel
- $128,807
- Program services (functional)
- $52,612,803
- Management and general (functional)
- $1,739,197
Balance sheet and other
- Total assets, start of year
- $136,829,768
- Total assets, end of year
- $132,128,503
- Total liabilities, end of year
- $26,639,774
- Net assets, end of year
- $105,488,729
- Gross unrelated business income
- -$1,630
- Gross receipts
- $49,363,505
- Employees
- 74
- Volunteers
- 2
- Year formed
- 1986
- State of legal domicile
- FL
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 | Other / benefits |
|---|---|---|---|---|---|
| DAVID NELSON | BOARD MEMBER Trustee or director | 1 | $0 | $1,606,258 | $59,881 |
| BEN SASSE | BOARD MEMBER UNTIL 8/1/24 Trustee or director | 1 | $0 | $1,168,284 | $144,019 |
| WESLEY KENT FUCHS | BOARD MEMBER Trustee or director | 1 | $0 | $788,719 | $207,032 |
| SCOTT ANGLE | BOARD MEMBER Trustee or director | 1 | $0 | $580,395 | $57,181 |
| SABY MITRA | BOARD MEMBER Trustee or director | 1 | $0 | $557,890 | $58,601 |
| JOSEPH GLOVER | BOARD MEMBER AS OF 9/6/24 Trustee or director | 1 | $0 | $526,942 | $58,423 |
| DAVID P NORTON | PRESIDENT/CHAIR Trustee or director, Officer | 10 | $109,893 | $329,678 | $57,516 |
| FORREST MASTERS | BOARD MEMBER Trustee or director | 1 | $0 | $433,019 | $58,533 |
| DAVID KRATZER | BOARD MEMBER UNTIL 8/1/24 Trustee or director | 1 | $0 | $416,051 | $41,005 |
| JAMES F O'CONNELL | ASST. VP TECHNOLOGY LICENSING Officer | 50 | $375,344 | $0 | $67,895 |
| ROBERT GILBERT | BOARD MEMBER UNTIL 8/1/24 Trustee or director | 1 | $0 | $372,846 | $59,078 |
| MARY WATT | BOARD MEMBER AS OF 10/1/24 Trustee or director | 1 | $0 | $321,107 | $53,028 |
| BRANDI RENTON | BOARD MEMBER AS OF 8/2/24 Trustee or director | 1 | $0 | $286,945 | $53,623 |
| STEPHANIE GRAY | ASST. VP OF SPONSORED PROGRAMS Officer | 1 | $0 | $238,557 | $48,966 |
| GEORGE KOLB | TREASURER Officer | 1 | $0 | $215,252 | $55,979 |
8 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JACKSON STREETER | DIR. OF UF INNOVATE Highest-paid employee | 50 | $189,925 | $0 | $50,054 |
| JULIE RHEE | SECRETARY/FINANCE DIRECTOR Officer | 25 | $82,351 | $82,351 | $31,112 |
| ANITA RAO | DIR. OF UF INNOVATE PATHWA Highest-paid employee | 50 | $149,127 | $0 | $36,283 |
| HENRICA LICHTENBELD | ASST. DIR. LICENSING OFFICE Highest-paid employee | 50 | $136,927 | $0 | $41,342 |
| WILSON LEONARD TERRY | ASST. DIR. LICENSING OFFICE Highest-paid employee | 50 | $137,175 | $0 | $40,742 |
| MELISSA HIRSCH KUCHMA | ASST. DIR. LICENSING OFFICE Highest-paid employee | 50 | $132,323 | $0 | $45,104 |
| BRAD BENNETT | AUDIT COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| CAROLYN K ROBERTS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 25 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WESLEY KENT FUCHS | BOARD MEMBER - UNTIL 2/2023 Trustee or director | 1 | $0 | $1,166,881 | $136,450 |
| DAVID NELSON | BOARD MEMBER Trustee or director | 1 | $0 | $1,233,849 | $57,666 |
| BEN SASSE | BOARD MEMBER - AS OF 2/2023 Trustee or director | 1 | $0 | $877,907 | $181,084 |
| SABY MITRA | BOARD MEMBER Trustee or director | 1 | $0 | $551,328 | $53,045 |
| JOSEPH GLOVER | BOARD MEMBER - UNTIL 12/2023 Trustee or director | 1 | $0 | $535,241 | $56,798 |
| CHRIS COWEN | TREASURER UNTIL 7/29/2023 Officer | 1 | $0 | $446,316 | $122,022 |
| SCOTT ANGLE | BOARD MEMBER Trustee or director | 1 | $0 | $487,218 | $59,703 |
| DAVID P NORTON | PRESIDENT/CHAIR Trustee or director, Officer | 1 | $108,167 | $324,502 | $52,054 |
| CURTIS A REYNOLDS | BOARD MEMBER - UNTIL 4/2024 Trustee or director | 1 | $0 | $365,655 | $115,126 |
| FORREST MASTERS | BOARD MEMBER Trustee or director | 1 | $0 | $419,688 | $58,719 |
| DAVID E RICHARDSON | BOARD MEMBER Trustee or director | 1 | $0 | $394,602 | $61,809 |
| JAMES F O'CONNELL | DIR. OF TECH LICENSING Officer | 50 | $363,581 | $0 | $63,489 |
| ROBERT A GILBERT | BOARD MEMBER Trustee or director | 1 | $0 | $300,664 | $52,154 |
| STEPHANIE GRAY | DIR. OF SPONSORED PROGRAMS Officer | 1 | $0 | $292,225 | $37,047 |
| GEORGE KOLB | TREASURER AS OF 7/29/2023 Officer | 1 | $0 | $207,638 | $52,122 |
| JACKSON STREETER | DIR. OF UF INNOVATE Highest-paid employee | 50 | $183,987 | $0 | $48,160 |
| JOHN BYATT | ASSOC. DIR. OF TECH LICENSING Highest-paid employee | 50 | $160,835 | $0 | $37,756 |
| ALAN WEST | FORMER INTERIM TREASURER Former | 1 | $0 | $163,663 | $31,460 |
| JULIE RHEE | SECRETARY/FINANCE DIRECTOR Officer | 25 | $79,621 | $79,621 | $30,014 |
| DAVID E KRATZER | BOARD MEMBER- AS OF 4/2024 Trustee or director | 1 | $0 | $166,175 | $14,756 |
| ANITA RAO | DIR. OF UF INNOVATE PATHWAYS Highest-paid employee | 50 | $142,475 | $0 | $36,139 |
| RICHARD CROLEY | ASST. DIR. LICENSING OFFICER Highest-paid employee | 50 | $126,996 | $0 | $44,703 |
| WILSON LEONARD TERRY | ASST. DIR. LICENSING OFFICER Highest-paid employee | 50 | $131,687 | $0 | $39,596 |
| BRAD BENNETT | AUDIT COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| CAROLYN K ROBERTS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID NELSON | BOARD MEMBER Trustee or director | 1 | $0 | $1,566,779 | $51,184 |
| DR KENT FUCHS | BOARD MEMBER Trustee or director | 1 | $0 | $1,147,887 | $120,025 |
| CHRIS COWEN | TREASURER Officer | 1 | $0 | $748,858 | $102,891 |
| DR JOSEPH GLOVER | BOARD MEMBER Trustee or director | 1 | $0 | $623,297 | $54,441 |
| SABY MITRA | BOARD MEMBER Trustee or director | 1 | $0 | $534,031 | $51,784 |
| CURTIS REYNOLDS | BOARD MEMBER Trustee or director | 1 | $0 | $421,617 | $118,075 |
| DR DAVID P NORTON | PRESIDENT/CHAIR Trustee or director, Officer | 10 | $110,857 | $332,572 | $51,131 |
| DR CAMMY R ABERNATHY | BOARD MEMBER, UNTIL 12/2022 Trustee or director | 1 | $0 | $409,522 | $64,154 |
| DR DAVID RICHARDSON | BOARD MEMBER Trustee or director | 1 | $0 | $383,880 | $59,632 |
| SCOTT ANGLE | BOARD MEMBER Trustee or director | 1 | $0 | $385,005 | $52,155 |
| JAMES O'CONNELL | DIR. OF TECH LICENSING Officer | 49 | $300,034 | $0 | $56,156 |
| DR FORREST MASTERS | BOARD MEMBER, AS OF 1/2023 Trustee or director | 1 | $0 | $298,662 | $53,441 |
| STEPHANIE GRAY | DIR. OF SPONSORED PROGRAMS Officer | 1 | $0 | $272,730 | $37,279 |
| ALAN WEST | FORMER INTERIM TREASURER Former | 1 | $0 | $240,584 | $44,246 |
| JACKSON STREETER | DIR. OF UF INNOVATE VENTURES Highest-paid employee | 50 | $178,474 | $0 | $44,383 |
| JOHN BYATT | ASSOC. DIR. OF TECH LICENSING Highest-paid employee | 50 | $156,087 | $0 | $36,831 |
| JULIE RHEE | SECRETARY Officer | 25 | $76,720 | $76,720 | $28,802 |
| ANITA RAO | DIR. OF UF INNOVATE PATHWAYS Highest-paid employee | 50 | $138,236 | $0 | $35,336 |
| RICHARD CROLEY | ASST. DIR. LICENSING OFFICER Highest-paid employee | 50 | $119,179 | $0 | $42,158 |
| LEONARD TERRY | ASST. DIR. LICENSING OFFICER Highest-paid employee | 50 | $125,400 | $0 | $30,830 |
| BRAD BENNETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| BRIAN K HUTCHINSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CAROLYN ROBERTS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 720 SW 2ND AVE STE 575, GAINESVILLE, FL 32601-1217
- Principal officer (990 for 2024)
- DR DAVID P NORTON, 720 SW 2ND AVE STE 575, GAINESVILLE, FL 326016271
- Signed the 990
- JULIE RHEE, SECRETARY
- Phone
- (352) 392-5221
- Website
- HTTPS://RESEARCH.UFL.EDU
- Return prepared by
- JAMES MOORE & CO PL
Mission
TO ASSIST THE UNIVERSITY OF FLORIDA IN FUNDING OF RESEARCH & DEVELOPMENT THROUGH GRANTS & CONTRACTUAL ARRANGEMENTS & IN THE COMMERCIALIZATION OF INTELLECTUAL PROPERTIES, WHICH INCLUDE INVENTIONS, DISCOVERIES, PROCESSES, & WORK PRODUCTS.
Program accomplishments
- COST INCURRED IN OBTAINING LICENSES AND GRANTS FOR THE UNIVERSITY OF FLORIDA RESEARCH FOUNDATION ACTIVITIES.Expenses $31,075,725 · revenue $43,211,024
- COSTS INCURRED IN SECURING AND PROVIDING RESEARCH AND DEVELOPMENT FUNDING FOR THE UNIVERSITY OF FLORIDA.Expenses $13,469,093 · grants $12,478,468
- COSTS INCURRED IN THE LICENSING OF PATENTED OR PATENTABLE PRODUCTS DEVELOPED BY THE UNVERSITY OF FLORIDA.Expenses $8,067,985 · revenue $2,865,205
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 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
- 59-2729133
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $132,128,503
- Income (IRS master file)
- $49,363,505
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $49,116,740 | $54,352,000 | $132,128,503 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $45,326,504 | $47,445,635 | $136,829,768 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $50,936,738 | $49,536,773 | $139,930,356 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $51,975,726 | $47,775,744 | $137,434,507 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 59-2729133).
Questions about UNIVERSITY OF FLORIDA RESEARCH FOUNDATION INC
- What is the EIN of UNIVERSITY OF FLORIDA RESEARCH FOUNDATION INC?
- The employer identification number (EIN) of UNIVERSITY OF FLORIDA RESEARCH FOUNDATION INC is 59-2729133.
- Is UNIVERSITY OF FLORIDA RESEARCH FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to UNIVERSITY OF FLORIDA RESEARCH FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does UNIVERSITY OF FLORIDA RESEARCH FOUNDATION INC 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 UNIVERSITY OF FLORIDA 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 UNIVERSITY OF FLORIDA 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 UNIVERSITY OF FLORIDA RESEARCH FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names DR DAVID P NORTON.
- Who are the officers and directors of UNIVERSITY OF FLORIDA RESEARCH FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 23 people; 8 received compensation from the organization.
- How much revenue does UNIVERSITY OF FLORIDA RESEARCH FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $49,116,740, expenses of $54,352,000 and total assets of $132,128,503 at year end.
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