Nonprofit · EIN 59-2959590
UNIVERSITY OF SOUTH FLORIDA RESEARCH FOUNDATION INC
Tax-exempt · TAMPA, FL 33612
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $16,752,960 | $16,144,135 | $608,825 | $196,969,945 | $117,402,791 | $79,567,154 |
| June 30, 2024 | 990 | $17,216,310 | $19,010,944 | -$1,794,634 | $187,774,384 | $110,502,099 | $77,272,285 |
| June 30, 2023 | 990 | $15,400,882 | $16,547,619 | -$1,146,737 | $176,683,554 | $99,322,347 | $77,361,207 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $12,833,873
- Investment income
- $3,919,087
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,041,402
- Compensation of officers, directors and key employees
- $1,207,625
- Salaries, compensation and benefits (total)
- $1,207,625
- Professional fundraising fees
- $0
- Legal fees
- $9,281
- Accounting fees
- $118,505
- Occupancy
- $4,145,356
- Travel
- $11,893
- Depreciation
- $4,844,962
- Program services (functional)
- $15,177,448
- Management and general (functional)
- $966,687
Balance sheet and other
- Total assets, start of year
- $187,774,384
- Total assets, end of year
- $196,969,945
- Total liabilities, end of year
- $117,402,791
- Net assets, end of year
- $79,567,154
- Land, buildings and equipment
- $76,830,574
- Publicly traded securities
- $1,594,737
- Net assets without donor restrictions
- $76,269,903
- Net assets with donor restrictions
- $3,297,251
- Gross unrelated business income
- $26,822
- Gross receipts
- $16,752,960
- Employees
- 0
- Volunteers
- 7
- Year formed
- 1989
- 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 |
|---|---|---|---|---|---|
| PRASANT MOHAPATRA | DIRECTOR Trustee or director | 1 | $0 | $781,889 | $52,917 |
| CHARLES LOCKWOOD | DIRECTOR Trustee or director | 1 | $0 | $643,956 | $38,656 |
| JENNIFER CONDON | TREASURER Trustee or director, Officer | 1 | $0 | $491,327 | $41,968 |
| RICHARD SOBIERAY | FMR TREAS/DIREC (TERM 10/23/23) Former | 1 | $0 | $390,327 | $11,700 |
| KAREN HOLBROOK | DIRECTOR (TERM 12/31/24) Trustee or director | 1 | $0 | $349,317 | $26,845 |
| SYLVIA THOMAS | PRESIDENT AND CEO Trustee or director, Officer | 1 | $0 | $331,001 | $39,190 |
| PAUL R SANBERG | FMR PRES/DIREC (TERM 1/18/21) Former | 1 | $0 | $257,717 | $33,233 |
| STEVEN MURAWSKI | DIRECTOR (START 6/3/25) Trustee or director | 1 | $0 | $244,337 | $12,602 |
| NORMA ALCANTAR | FORMER DIRECTOR (TERM 9/7/23) Former | 1 | $0 | $232,973 | $22,659 |
| GITI JAVIDI | DIRECTOR Trustee or director | 1 | $0 | $219,278 | $22,006 |
| KEITH ANDERSON | FMR PRES/DIREC (TERM 11/12/21) Former | 1 | $0 | $210,593 | $28,643 |
| ALLISON MADDEN | SECRETARY Officer | 35 | $0 | $187,046 | $29,579 |
| MICHELLE HICKEY | DIRECTOR OF FINANCE Highest-paid employee | 40 | $0 | $151,840 | $21,681 |
| MICHAEL CROSS | DIRECTOR (TERM 3/7/25) Trustee or director | 1 | $0 | $79,157 | $24,108 |
| BEATRIZ BARE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALISON BARLOW | DIRECTOR Trustee or director | 1 | $0 |
| JEFFREY HACKMAN | DIRECTOR Trustee or director | 1 | $0 |
| TIM HOLCOMB | DIRECTOR (START 6/3/25) Trustee or director | 1 | $0 |
| GWEN MITCHELL | DIRECTOR Trustee or director | 1 | $0 |
| LINDA OLSON | DIRECTOR Trustee or director | 1 | $0 |
| HARRY VENEZIA | DIRECTOR Trustee or director | 1 | $0 |
| LAKSHMI SHENOY | DIRECTOR (TERM 3/7/25) Trustee or director | 1 | $0 |
| JOHN MORROW | DIRECTOR (TERM 6/14/25) Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHARLES LOCKWOOD | DIRECTOR Trustee or director | 1 | $0 | $641,917 | $36,996 |
| RICHARD SOBIERAY | TREASURER (LAST DATE 10/23/23) Trustee or director, Officer | 1 | $0 | $613,047 | $36,071 |
| PRASANT MOHAPATRA | DIRECTOR Trustee or director | 1 | $0 | $513,854 | $49,730 |
| KAREN HOLBROOK | DIRECTOR Trustee or director | 1 | $0 | $348,055 | $26,698 |
| SYLVIA THOMAS | PRESIDENT AND CEO Trustee or director, Officer | 1 | $0 | $294,872 | $36,886 |
| JENNIFER CONDON | TREASURER (START 11/16/23) Trustee or director, Officer | 1 | $0 | $294,798 | $36,097 |
| PAUL R SANBERG | FORMER PRESIDENT AND DIRECTOR (LAST DATE 1/18/21) Former | 1 | $0 | $251,764 | $32,744 |
| NORMA ALCANTAR | DIRECTOR (LAST DATE 9/07/23) Trustee or director | 1 | $0 | $210,527 | $21,462 |
| GITI JAVIDI | DIRECTOR (START 5/14/24) Trustee or director | 1 | $0 | $200,781 | $20,960 |
| KEITH ANDERSON | FORMER PRESIDENT AND DIRECTOR (LAST DATE 11/12/21) Former | 1 | $0 | $199,049 | $20,957 |
| ALLISON MADDEN | SECRETARY Officer | 35 | $0 | $173,846 | $28,611 |
| MICHELLE HICKEY | DIRECTOR OF FINANCE (START 1/4/23) Highest-paid employee | 40 | $0 | $143,195 | $18,444 |
| MICHAEL CROSS | DIRECTOR Trustee or director | 1 | $0 | $78,594 | $23,896 |
| PATRICIA GAMBLE | CFO (LAST DATE 2/28/23) Trustee or director, Officer | 40 | $0 | $79,063 | $4,142 |
| BEATRIZ BARE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ALISON BARLOW | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JEFFREY HACKMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GWEN MITCHELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN MORROW | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LINDA OLSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LAKSHMI SHENOY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HARRY VENEZIA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHARLES LOCKWOOD | DIRECTOR Trustee or director | 1 | $0 | $1,029,533 | $36,602 |
| RICHARD SOBIERAY | TREASURER FROM JULY 2022 Trustee or director, Officer | 1 | $0 | $647,976 | $38,139 |
| RALPH C WILCOX | DIRECTOR Trustee or director | 0 | $0 | $532,269 | $24,926 |
| MOEZ LIMAYEN | DIRECTOR UNTIL JULY 2022 Trustee or director | 1 | $0 | $474,754 | $15,464 |
| NICK J TRIVUNOVICH | TREASURER UNTIL JUNE 2022 Former | 5 | $0 | $307,406 | $23,937 |
| SYLVIA THOMAS | PRESIDENT AND CEO Trustee or director, Officer | 1 | $0 | $279,724 | $36,189 |
| PAUL R SANBERG | PRESIDENT AND DIR UNTIL JAN 2021 Former | 1 | $0 | $247,081 | $32,401 |
| NORMA ALCANTAR | DIRECTOR Trustee or director | 1 | $0 | $193,844 | $20,684 |
| KEITH ANDERSON | DIRECTOR UNTIL NOV 2021 Former | 15 | $0 | $177,004 | $28,865 |
| PATRICIA GAMBLE | CFO UNTIL FEB 2023 Officer | 40 | $0 | $173,736 | $18,134 |
| ALLISON MADDEN | SECRETARY Trustee or director, Officer | 35 | $0 | $147,155 | $27,365 |
| MICHAEL CROSS | DIRECTOR Trustee or director | 1 | $0 | $78,509 | $23,789 |
| BEATRIZ BARE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ALISON BARLOW | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GENE ENGLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JEFFREY HACKMAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GWEN MITCHELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PRASANT MOHAPATRA | DIRECTOR FROM MAY 2023 Trustee or director | 1 | $0 | $0 | $0 |
| JOHN MORROW | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LINDA OLSON | DIRECTOR FROM NOV 2022 Trustee or director | 1 | $0 | $0 | $0 |
| LAKSHMI SHENOY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HARRY VENEZIA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3802 SPECTRUM BLVD STE 100, TAMPA, FL 33612-9220
- Principal officer (990 for 2024)
- DR SYLVIA THOMAS, 3802 SPECTRUM BLVD 100, TAMPA, FL 33612
- Signed the 990
- DR PRASANT MOHAPATRA, PRESIDENT & CEO
- Phone
- (813) 974-6171
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
Mission
TO PROMOTE, ENCOURAGE AND ENHANCE RESEARCH ACTIVITIES AT THE UNIVERSITY OF SOUTH FLORIDA.
Program accomplishments
- THE RESEARCH FOUNDATION ASSISTS IN DEVELOPING HIGH-TECHNOLOGY BUSINESSES AND RESEARCH PARTNERSHIPS THAT BOOST THE ECONOMY AND CREATE HIGH-PAYING JOBS IN THE TAMPA BAY AREA BY DEVELOPING ITS USF RESEARCH PARK OF TAMPA BAY INTO A HUB FOR BIOTECHNOLOGY AND LIFE SCIENCES RESEARCH AND ENTREPRENEURSHIP.Expenses $11,509,050 · revenue $10,547,107
- THE RESEARCH FOUNDATION PROVIDES A MECHANISM BY WHICH DISCOVERIES, INVENTIONS, PROCESSES AND WORK PRODUCTS OF USF FACULTY, STAFF AND STUDENTS CAN BE TRANSFERRED FROM THE UNIVERSITY LABORATORY TO BENEFIT THE PUBLIC. INCOME IS ALLOCATED IN ACCORDANCE WITH USF POLICY ON INVENTIONS AND WORKS TO INVENTORS AND THEIR RESEARCH SUPPORT FUNDS, AND FOR DIRECT SUPPORT OF RESEARCH AT THE UNIVERSITY.Expenses $3,479,423 · grants $2,041,402 · revenue $1,910,222
- THE RESEARCH FOUNDATION RECEIVES AND ADMINISTERS CERTAIN BASIC RESEARCH AND CLINICAL TRIAL CONTRACTS AND GRANTS SPONSORED BY THE PRIVATE SECTOR AND FOUNDATIONS. THE GRANT STUDIES ARE PERFORMED BY UNIVERSITY FACULTY, STAFF AND STUDENTS.Expenses $188,975 · revenue $376,544
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
- 59-2959590
- 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
- 1990
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $196,969,945
- Income (IRS master file)
- $16,752,960
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $16,752,960 | $16,144,135 | $196,969,945 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $17,216,310 | $19,010,944 | $187,774,384 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $15,400,882 | $16,547,619 | $176,683,554 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $18,012,252 | $16,105,453 | $184,984,000 | 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 59-2959590).
Questions about UNIVERSITY OF SOUTH FLORIDA RESEARCH FOUNDATION INC
- What is the EIN of UNIVERSITY OF SOUTH FLORIDA RESEARCH FOUNDATION INC?
- The employer identification number (EIN) of UNIVERSITY OF SOUTH FLORIDA RESEARCH FOUNDATION INC is 59-2959590.
- Is UNIVERSITY OF SOUTH FLORIDA RESEARCH FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to UNIVERSITY OF SOUTH 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 SOUTH 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 SOUTH 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 SOUTH 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 SOUTH FLORIDA RESEARCH FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names DR SYLVIA THOMAS.
- Who are the officers and directors of UNIVERSITY OF SOUTH FLORIDA RESEARCH FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 23 people; 0 received compensation from the organization.
- How much revenue does UNIVERSITY OF SOUTH FLORIDA RESEARCH FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $16,752,960, expenses of $16,144,135 and total assets of $196,969,945 at year end.
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