2024-05-13T15:21:13-05:00 2023-06-30 593204548 JAMES MOORE & CO PL 5931 NW 1ST PLACE GAINESVILLE FL 326072063 990 2022-07-01 592729133 UNIVERSITY OF FLORIDA RESEARCH FOUNDATION INC UNIV 3523925221 PO BOX 115500 GAINESVILLE FL 326115500 JULIE RHEE SECRETARY 3523925221 2024-05-13 1 JULIE RHEE 999009999 0 CORINNE LAROCHE P01500189 3523781331 2024-05-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR DAVID P NORTON PO BOX 115500 GAINESVILLE FL 326115500 51164443 0 X HTTPS://RESEARCH.UFL.EDU/UFRF.HTML X 1986 FL 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. 12 3 65 0 -14985 0 0 0 12686093 11066254 -54965 -170026 39344598 40040510 51975726 50936738 4933172 7164794 0 0 0 4719132 0 0 0 42842572 37652847 47775744 49536773 4199982 1399965 137434507 139930356 25385356 27112377 112049151 112817979 X 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. 0 0 33035503 44784481 COST INCURRED IN OBTAINING LICENSES AND GRANTS FOR THE UNIVERSITY OF FLORIDA RESEARCH FOUNDATION ACTIVITIES. 7278956 3966554 COSTS INCURRED IN THE LICENSING OF PATENTED OR PATENTABLE PRODUCTS DEVELOPED BY THE UNVERSITY OF FLORIDA. 7164794 7164794 COSTS INCURRED IN SECURING AND PROVIDING RESEARCH AND DEVELOPMENT FUNDING FOR THE UNIVERSITY OF FLORIDA. 2355387 OTHER REVENUE/COSTS INCURRED FOR UNIVERSITY OF FLORIDA RESEARCH FOUNDATION ACTIVITIES. 2355387 47479253 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 X 342 0 1 65 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 3 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 0 1 0 0 0 FL X X JULIE RHEE 3523925221 310 WALKER HALL GAINESVILLE FL 326115500 X DR DAVID P NORTON PRESIDENT/CHAIR 10.00 40.00 X X 110857 332572 51131 DAVID NELSON BOARD MEMBER 1.00 49.00 X 0 1566779 51184 BRAD BENNETT BOARD MEMBER 1.00 0.00 X 0 0 0 BRIAN K HUTCHINSON BOARD MEMBER 1.00 0.00 X 0 0 0 DR JOSEPH GLOVER BOARD MEMBER 1.00 49.00 X 0 623297 54441 DR CAMMY R ABERNATHY BOARD MEMBER, UNTIL 12/2022 1.00 49.00 X 0 409522 64154 DR KENT FUCHS BOARD MEMBER 1.00 49.00 X 0 1147887 120025 SABY MITRA BOARD MEMBER 1.00 49.00 X 0 534031 51784 CAROLYN ROBERTS BOARD MEMBER 1.00 0.00 X 0 0 0 CURTIS REYNOLDS BOARD MEMBER 1.00 49.00 X 0 421617 118075 DR FORREST MASTERS BOARD MEMBER, AS OF 1/2023 1.00 49.00 X 0 298662 53441 SCOTT ANGLE BOARD MEMBER 1.00 49.00 X 0 385005 52155 DR DAVID RICHARDSON BOARD MEMBER 1.00 49.00 X 0 383880 59632 CHRIS COWEN TREASURER 1.00 49.00 X 0 748858 102891 STEPHANIE GRAY DIR. OF SPONSORED PROGRAMS 1.00 49.00 X 0 272730 37279 JAMES O'CONNELL DIR. OF TECH LICENSING 49.00 1.00 X 300034 0 56156 JULIE RHEE SECRETARY 25.00 25.00 X 76720 76720 28802 JACKSON STREETER DIR. OF UF INNOVATE VENTURES 50.00 0.00 X 178474 0 44383 JOHN BYATT ASSOC. DIR. OF TECH LICENSING 50.00 0.00 X 156087 0 36831 ANITA RAO DIR. OF UF INNOVATE PATHWAYS 50.00 0.00 X 138236 0 35336 LEONARD TERRY ASST. DIR. LICENSING OFFICER 50.00 0.00 X 125400 0 30830 RICHARD CROLEY ASST. DIR. LICENSING OFFICER 50.00 0.00 X 119179 0 42158 ALAN WEST FORMER INTERIM TREASURER 1.00 49.00 X 0 240584 44246 1204987 7442144 1134934 11 1 1 0 WOLF GREENFIELD AND SACKS PC 606 ATLANTIC AVE BOSTON MA 02210 LEGAL 3481615 THOMAS HORSTEMEYER 3200 WINDY HILL ROAD STE 1600 ATLANTA GA 30339 LEGAL 1286188 ALSTON & BIRD LLP 1201 W PEACHTREE ATLANTA GA 30309 LEGAL 1022283 MARSHALL GERSTEIN AND BORUN LLP 6300 WILLIS TOWER 233 SOUTH WACKER CHICAGO IL 60606 LEGAL 388768 WOLTER VAN DYKE DAVIS PLLC 1900 SUMMIT TOWER BOULEVARD STE 140 ORLANDO FL 32810 LEGAL 360254 7 LICENSING FEES 611710 4744313 4744313 PATENT & LICENSE REIMBURSEMENT 611710 3966554 3966554 ASSESSMENT FEES 611710 2300000 2300000 MANAGEMENT SERVICES 611710 55387 55387 11066254 34437 -14985 49422 40040168 40040168 23242 227705 -204463 -204463 -204463 OTHER INCOME 900099 342 342 342 50936738 51106422 -14985 -154699 7164794 7164794 4341601 3523205 818396 377531 306366 71165 7278956 7278956 39000 39000 367078 35907 331171 134774 34978 99796 221302 7554 213748 495239 463466 31773 28549055 28549055 89067 78226 10841 16631 15303 1328 46543 46543 PUBLICATIONS EXPENSE 323737 464 323273 MEMBERSHIP, DUES, SUBSC 90435 20942 69493 REPAIRS & MAINTENANCE C 747 747 MISCELLANEOUS EXPENSES 283 37 246 49536773 47479253 2057520 0 1243375 739538 9263732 9178232 1571716 1446917 125355684 128565669 137434507 139930356 4516054 4274309 20869302 22838068 25385356 27112377 X 0 0 0 0 112049151 112817979 112049151 112817979 137434507 139930356 X 1399965 -717599 86462 X 0 1 X 1 0 X X 1 UNIVERSITY OF FLORIDA 596002052 2 1 47479253 0 1 47479253 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART I, LINE 12G THE AMOUNTS REPORTED AS MONETARY SUPPORT ARE FUNDS DIRECTLY GIVEN TO, OR SPENT ON BEHALF OF, THE UNIVERSITY OF FLORIDA AND ITS AFFILIATED ORGANIZATIONS. 1 57054316 7256669 4068654 60242331 0 0 DUE FROM UNIVERSITY OF FLORIDA 128565669 128565669 DUE TO UNIVERSITY - LICENSE FEES & ROYALTIES 22838068 22838068 X 50305601 -717599 86462 -631137 50936738 0 50936738 49536773 0 49536773 0 49536773 PART IV, LINE 1B: THE ORGANIZATION HOLDS FUNDS IN CUSTODIAL ARRANGEMENT FOR THE COLLEGES WITHIN THE UNIVERSITY OF FLORIDA. PART X, LINE 2: THE RESEARCH FOUNDATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE RESEARCH FOUNDATION FILES INFORMATIONAL TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE RESEARCH FOUNDATION'S TAX RETURNS FOR THE PAST THREE YEARS ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES AND MAY CHANGE UPON EXAMINATION, BUT CHANGES WOULD NOT BE EXPECTED TO BE MATERIAL. 1 UNIVERSITY OF FLORIDA PO BOX 114000 GAINESVILLE FL 32611 596002052 115 6996080 0 RESEARCH & DEVELOPMENT UNIVERSITY OF CENTRAL FL RESEARCH FOUNDATION INC 12202 RESEARCH PARKWAY SUITE 501 ORLANDO FL 32826 593086453 501(C)(3) 20000 0 ACADEMY OF SCIENCE ENGINEERING AND MEDICINE FLORIDA (ASEMFL) ANNUAL MEETING SUPPORT 2 PART I, LINE 2: GRANTS AND ASSISTANCE TO THE UNIVERSITY OF FLORIDA ARE PROVIDED BASED ON CONTRACTS, AGREEMENTS AND OTHER PROPERLY APPROVED METHODS. FUNDS DISTRIBUTED ARE USED IN ACCORDANCE WITH DESIGNATED PURPOSES AND INTERNALLY MANAGED BY THE UNIVERISTY OF FLORIDA UPON RECEIPT FROM THE GRANTING ORGANIZATION. X X X X 0 0 0 0 0 0 0 0 0 DAVID NELSON BOARD MEMBER 0 1201967 0 360000 0 4812 0 28609 0 22575 0 1617963 0 0 DR KENT FUCHS BOARD MEMBER 0 954684 0 0 0 193203 0 96289 0 23736 0 1267912 0 0 CHRIS COWEN TREASURER 0 720994 0 0 0 27864 0 90945 0 11946 0 851749 0 0 DR JOSEPH GLOVER BOARD MEMBER 0 514297 0 100000 0 9000 0 40934 0 13507 0 677738 0 0 SABY MITRA BOARD MEMBER 0 534031 0 0 0 0 0 27281 0 24503 0 585815 0 0 CURTIS REYNOLDS BOARD MEMBER 0 353544 0 0 0 68073 0 93122 0 24953 0 539692 0 0 DR DAVID P NORTON PRESIDENT/CHAIR 102357 307072 6250 18750 2250 6750 6874 20621 5909 17727 123640 370920 0 0 DR CAMMY R ABERNATHY BOARD MEMBER, UNTIL 12/2022 0 409522 0 0 0 0 0 38848 0 25306 0 473676 0 0 DR DAVID RICHARDSON BOARD MEMBER 0 383880 0 0 0 0 0 36266 0 23366 0 443512 0 0 SCOTT ANGLE BOARD MEMBER 0 385005 0 0 0 0 0 27517 0 24638 0 437160 0 0 JAMES O'CONNELL DIR. OF TECH LICENSING 300034 0 0 0 0 0 34140 0 22016 0 356190 0 0 0 DR FORREST MASTERS BOARD MEMBER, AS OF 1/2023 0 298662 0 0 0 0 0 28444 0 24997 0 352103 0 0 STEPHANIE GRAY DIR. OF SPONSORED PROGRAMS 0 268091 0 0 0 4639 0 25586 0 11693 0 310009 0 0 ALAN WEST FORMER INTERIM TREASURER 0 214589 0 0 0 25995 0 20627 0 23619 0 284830 0 0 JACKSON STREETER DIR. OF UF INNOVATE VENTURES 177051 0 0 0 1423 0 20797 0 23586 0 222857 0 0 0 JOHN BYATT ASSOC. DIR. OF TECH LICENSING 156087 0 0 0 0 0 14815 0 22016 0 192918 0 0 0 JULIE RHEE SECRETARY 76720 76720 0 0 0 0 7336 7336 7065 7065 91121 91121 0 0 ANITA RAO DIR. OF UF INNOVATE PATHWAYS 137139 0 0 0 1097 0 13159 0 22177 0 173572 0 0 0 RICHARD CROLEY ASST. DIR. LICENSING OFFICER 118158 0 0 0 1021 0 14515 0 27643 0 161337 0 0 0 LEONARD TERRY ASST. DIR. LICENSING OFFICER 124353 0 0 0 1047 0 12189 0 18641 0 156230 0 0 0 PART I, LINE 4B THROUGH THE RELATED ORGANIZATION THAT EMPLOYS THEM, INDIVIDUALS REPORTED IN PART II GENERALLY PARTICIPATE IN THE FLORIDA RETIREMENT SYSTEM (FRS), A MULTI-EMPLOYER RETIREMENT SYSTEM CREATED UNDER CHAPTER 121 OF THE FLORIDA STATUTES & ADMINISTERED BY THE FLORIDA DIVISION OF RETIREMENT. AS STATED ON THE WEBSITE OF FRS, IT IS FUNDED BY CONTRIBUTIONS PAID BY EMPLOYERS & EMPLOYEES BASED ON A PERCENTAGE OF THE EMPLOYEES' SALARIES. THE RATE OF CONTRIBUTIONS REQUIRED IS DETERMINED BY AN ACTUARIAL CONSULTING FIRM TO ASSURE COMPLIANCE WITH THE FUNDING REQUIREMENTS OF THE CONSTITUTION OF THE STATE OF FLORIDA. EMPLOYEES' CONTRIBUTIONS ARE 3% WITH THE EMPLOYER CONTRIBUTING THE REQUIRED BALANCE. THE INSTRUCTIONS FOR THE FORM 990 INDICATE THAT SCHEDULE J SHOULD INCLUDE A REASONABLE ESTIMATE OF THE INCREASE IN THE ACTUARIAL VALUE OF ANY QUALIFIED OR NONQUALIFIED RETIREMENT ACCRUALS UNDER A DEFINED BENEFIT PLAN. FRS HAS STATED THAT SUCH INFORMATION CURRENTLY IS UNAVAILABLE FOR PARTICIPANTS IN THE PLAN. THEREFORE, THE AMOUNTS REPORTED INCLUDE THE CONTRIBUTION PAID BY THE RELATED ORGANIZATION AS ITS CONTRIBUTION ON BEHALF OF THE NAMED INDIVIDUAL. THIS AMOUNT IS CONSIDERED THE BEST REASONABLE ESTIMATE OF INFORMATION REQUIRED. PART II, COMPENSATION AND BENEFITS FROM FILING ORGANIZATION, ROW ONE: THE RESEARCH FOUNDATION (FOUNDATION) HAS NO EMPLOYEES AND IS SUPPORTED BY EMPLOYEES OF THE UNIVERSITY OF FLORIDA (UNIVERSITY). THE FOUNDATION REIMBURSES THE UNIVERSITY BASED ON A VALUATION DETERMINED BY SPECIFIC EMPLOYEES' TIME, PAY RATES, AND FRINGE BENEFITS. COMPENSATION AND BENEFITS REPORTED IN ROW (I) ARE THE UNIVERSITY'S PAYROLL COSTS RELATED TO PROVIDING SERVICE TO THE FOUNDATION. FORM 990 PART V, LINES 2A AND 2B: THE NUMBER OF EMPLOYEES REPORTED ON PART V, LINE 2A REPRESENTS THE NUMBER OF EMPLOYEES OF THE FILING ORGANIZATION DURING THE TAX YEAR 2022 WHICH WERE REPORTED ON FORM W3 BY THE UNIVERSITY OF FLORIDA (UF), A RELATED ENTITY. SIMILARLY, THE SALARY EXPENSES WERE ALL REPORTED ON THE UNIVERSITY OF FLORIDA'S FORM 941, EMPLOYER'S QUARTERLY FEDERAL TAX RETURN. FORM 990, PART VI, SECTION A, LINE 7A THE APPOINTMENT OF THE ORGANIZATION'S BOARD MEMBERS IS SUBJECT TO APPROVAL BY THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION IS SUBJECT TO GOVERNANCE STANDARDS TO FURTHER THE UNIVERSITY OF FLORIDA'S (UF) "ONE UF" STRATEGIC MISSION AND TO ENSURE APPROPRIATE VISIBILITY AND COMMUNICATION WITH THE UF BOARD OF TRUSTEES (BOT), SUCH THAT THE BOT CAN EFFECTIVELY FULFILL ITS RESPONSIBILITY AS UF'S GOVERNING BOARD AND SO THAT EACH TRUSTEE CAN CARRY OUT HIS/HER FIDUCIARY DUTIES TO UF WHILE SERVING AS A MEMBER OF THE BOT. FOR ANY MATTERS THAT WOULD REASONABLY BE CONSIDERED MATERIAL TO UF, A DSO OR ANY AFFILIATE ENTITY, OR THAT WOULD GENERATE SIGNIFICANT MEDIA ATTENTION, THE PRESIDENT WILL CONFER WITH THE BOT CHAIR AND NOTIFY THE BOT VICE CHAIR, AND NOTIFY THE FULL BOT IN CASE OF SIGNIFICANT MEDIA ATTENTION. IT IS UNDERSTOOD THAT HEALTH, SAFETY AND OPERATIONAL EMERGENCIES MAY PRECLUDE ADVANCE NOTICE. IF IN DOUBT AS TO MATERIALITY, ADMINISTRATORS WILL ERR ON THE SIDE OF ASSUMING A MATTER IS MATERIAL. FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BOARD AND MANAGEMENT RECEIVED FORM 990 VIA EMAIL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED THROUGHOUT THE YEAR BY THE BOARD OF DIRECTORS. THE POLICY APPLIES TO OFFICERS OF THE ORGANIZATION AS WELL AS ASSOCIATES (INCLUDES FAMILY MEMBERS, TRUSTS AND ESTATES, OR CORPORATIONS AND ORGANIZATIONS WITH A GREATER THAN 5% BENEFICIAL INTEREST). THE DISCLOSURE IS COMPLETED ANNUALLY AND PROPOSED TRANSACTIONS/EVENTS NOT DISCLOSED ON THE ANNUAL DISCLOSURE STATEMENT ARE REQUIRED TO BE REPORTED IN WRITING TO THE ORGANIZATION'S PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC RECORDS ARE AVAILABLE ON THE UFRF HOME PAGE HTTPS://RESEARCH.UFL.EDU/UFRF/PUBLICINFO.HTML WE LIST ALL BOARD OF DIRECTORS MEETING ANNOUNCEMENTS FOR THE PUBLIC PLUS COPIES OF THE FORM 990S FOR THE LAST THREE YEARS. WE CURRENTLY DO NOT MAKE THE CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THIS PAGE; HOWEVER, THEY ARE MADE AVAILABLE UPON REQUEST. FORM 990 PART VII, SECTION A, COLUMN D: THE RESEARCH FOUNDATION (FOUNDATION) HAS NO EMPLOYEES AND IS SUPPORTED BY EMPLOYEES OF THE UNIVERSITY OF FLORIDA (UNIVERSITY). THE FOUNDATION REIMBURSES THE UNIVERSITY BASED ON A VALUATION DETERMINED BY SPECIFIC EMPLOYEES' TIME, PAY RATES, AND FRINGE BENEFITS. COMPENSATION AND BENEFITS REPORTED IN ROW (I) ARE THE UNIVERSITY'S PAYROLL COSTS RELATED TO PROVIDING SERVICE TO THE FOUNDATION. FORM 990, PART XI, LINE 9: RECOVERY OF PRIOR YEAR GRANTS 86,462. FLORIDA RESEARCH CONSORTIUM INC 223 GRINTER HALL GAINESVILLE FL 32301 593753473 IT ADVANCEMENT FL 501(C)(3) LINE 7 UNIVERSITY OF FLORIDA 1 UNIVERSITY OF FLORIDA PO BOX 114000 GAINESVILLE FL 32611 596002052 EDUCATION FL 115 N/A 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 UNIVERSITY OF FLORIDA B 6996080 ACTUAL COST UNIVERSITY OF FLORIDA O 4719132 ACTUAL COST UNIVERSITY OF FLORIDA P 1207599 ACTUAL COST UNIVERSITY OF FLORIDA Q 2386462 ACTUAL COST UNIVERSITY OF FLORIDA R 28537329 ACTUAL COST UNIVERSITY OF FLORIDA D 128565669 ACTUAL COST UNIVERSITY OF FLORIDA E 22838068 ACTUAL COST