2025-05-15T00:17:19-05:00 2024-06-30 593204548 JAMES MOORE & CO PL 5931 NW 1ST PLACE GAINESVILLE FL 326072063 990 2023-07-01 592729133 UNIVERSITY OF FLORIDA RESEARCH FOUNDATION INC UNIV 3523925221 720 SW 2ND AVE STE 575 GAINESVILLE FL 326016271 JULIE RHEE SECRETARY 3523925221 2025-05-14 1 1 CORINNE LAROCHE P01500189 3523781331 2025-05-14 2023 2025-03-06 01:10:19Z X DR DAVID P NORTON 720 SW 2ND AVE STE 575 GAINESVILLE FL 326016271 45547007 0 X HTTPS://RESEARCH.UFL.EDU 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. 11 2 66 0 30536 0 0 0 11066254 9226249 -170026 -143443 40040510 36243698 50936738 45326504 7164794 8879394 0 0 4719132 4779518 0 0 0 37652847 33786723 49536773 47445635 1399965 -2119131 139930356 136829768 27112377 26348464 112817979 110481304 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 28265708 39317526 COST INCURRED IN OBTAINING LICENSES AND GRANTS FOR THE UNIVERSITY OF FLORIDA RESEARCH FOUNDATION ACTIVITIES. 8061883 3793551 COSTS INCURRED IN THE LICENSING OF PATENTED OR PATENTABLE PRODUCTS DEVELOPED BY THE UNVERSITY OF FLORIDA. 9167096 8879394 COSTS INCURRED IN SECURING AND PROVIDING RESEARCH AND DEVELOPMENT FUNDING FOR THE UNIVERSITY OF FLORIDA. 2358870 2358870 45494687 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 373 0 66 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 11 2 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 DAVID P NORTON PRESIDENT/CHAIR 1.00 49.00 X X 108167 324502 52054 BRAD BENNETT AUDIT COMMITTEE CHAIR 1.00 0.00 X 0 0 0 FORREST MASTERS BOARD MEMBER 1.00 49.00 X 0 419688 58719 CURTIS A REYNOLDS BOARD MEMBER - UNTIL 4/2024 1.00 49.00 X 0 365655 115126 DAVID E RICHARDSON BOARD MEMBER 1.00 49.00 X 0 394602 61809 SABY MITRA BOARD MEMBER 1.00 49.00 X 0 551328 53045 DAVID NELSON BOARD MEMBER 1.00 49.00 X 0 1233849 57666 WESLEY KENT FUCHS BOARD MEMBER - UNTIL 2/2023 1.00 49.00 X 0 1166881 136450 JOSEPH GLOVER BOARD MEMBER - UNTIL 12/2023 1.00 49.00 X 0 535241 56798 CAROLYN K ROBERTS BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID E KRATZER BOARD MEMBER- AS OF 4/2024 1.00 49.00 X 0 166175 14756 BEN SASSE BOARD MEMBER - AS OF 2/2023 1.00 49.00 X 0 877907 181084 ROBERT A GILBERT BOARD MEMBER 1.00 49.00 X 0 300664 52154 SCOTT ANGLE BOARD MEMBER 1.00 49.00 X 0 487218 59703 JULIE RHEE SECRETARY/FINANCE DIRECTOR 25.00 25.00 X 79621 79621 30014 GEORGE KOLB TREASURER AS OF 7/29/2023 1.00 49.00 X 0 207638 52122 STEPHANIE GRAY DIR. OF SPONSORED PROGRAMS 1.00 49.00 X 0 292225 37047 JAMES F O'CONNELL DIR. OF TECH LICENSING 50.00 0.00 X 363581 0 63489 CHRIS COWEN TREASURER UNTIL 7/29/2023 1.00 49.00 X 0 446316 122022 RICHARD CROLEY ASST. DIR. LICENSING OFFICER 50.00 0.00 X 126996 0 44703 ANITA RAO DIR. OF UF INNOVATE PATHWAYS 50.00 0.00 X 142475 0 36139 WILSON LEONARD TERRY ASST. DIR. LICENSING OFFICER 50.00 0.00 X 131687 0 39596 JOHN BYATT ASSOC. DIR. OF TECH LICENSING 50.00 0.00 X 160835 0 37756 JACKSON STREETER DIR. OF UF INNOVATE 50.00 0.00 X 183987 0 48160 ALAN WEST FORMER INTERIM TREASURER 1.00 49.00 X 0 163663 31460 1297349 8013173 1441872 11 1 1 0 WOLF GREENFIELD AND SACKS PC 606 ATLANTIC AVE BOSTON MA 02210 LEGAL 3648853 ALSTON & BIRD LLP 1201 W PEACHTREE ATLANTA GA 30309 LEGAL 1260790 THOMAS HORSTEMEYER 3200 WINDY HILL ROAD STE 1600 ATLANTA GA 30339 LEGAL 1091301 MARSHALL GERSTEIN AND BORUN LLP 6300 WILLIS TOWER 233 SOUTH WACKER CHICAGO IL 60606 LEGAL 552535 WOLTER VAN DYKE DAVIS PLLC 1900 SUMMIT TOWER BOULEVARD STE 140 ORLANDO FL 32810 LEGAL 510055 8 PATENT & LICENSE REIMBURSEMENT 611710 3793552 3793552 LICENSING FEES 611710 3074187 3074187 ASSESSMENT FEES 611710 2300000 2300000 MANAGEMENT SERVICES 611710 58510 58510 9226249 44489 30536 13953 36243338 36243338 32571 220503 -187932 -187932 -187932 OTHER INCOME 900099 360 360 360 45326504 45469947 30536 -173979 8879394 8879394 770752 625673 145079 3626405 2943806 682599 382361 310389 71972 8061882 8061882 302349 260549 41800 460062 22534 437528 85199 35916 49283 173545 16218 157327 439703 424908 14795 23725036 23725036 130258 114195 16063 32461 31921 540 46795 46795 PUBLICATIONS EXPENSE 218956 1265 217691 MEMBERSHIP, DUES, SUBSC 95574 26650 68924 MISCELLANEOUS EXPENSES 14603 14351 252 REPAIRS & MAINTENANCE C 300 300 47445635 45494687 1950948 0 739538 747306 9178232 7972906 1446917 1214652 128565669 126894904 139930356 136829768 4274309 4105943 0 22838068 22242521 27112377 26348464 X 0 0 0 0 112817979 110481304 112817979 110481304 139930356 136829768 X -2119131 -261762 44218 X 0 1 X 1 0 X X 1 UNIVERSITY OF FLORIDA 596002052 2 1 45494687 0 1 45494687 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 60242331 3418153 2137388 61523096 0 0 DUE FROM UNIVERSITY OF FLORIDA 126894904 126894904 DUE TO UNIVERSITY - LICENSE FEES & ROYALTIES 22242521 22242521 X 45108960 -261762 44218 -217544 45326504 0 45326504 47445635 0 47445635 0 47445635 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 8635293 0 RESEARCH & DEVELOPMENT 1 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 WESLEY KENT FUCHS BOARD MEMBER - UNTIL 2/2023 0 977923 0 0 0 188958 0 113916 0 22534 0 1303331 0 0 DAVID NELSON BOARD MEMBER 0 1229037 0 0 0 4812 0 32769 0 24897 0 1291515 0 0 BEN SASSE BOARD MEMBER - AS OF 2/2023 0 874483 0 0 0 3424 0 158230 0 22854 0 1058991 0 0 SABY MITRA BOARD MEMBER 0 538840 0 0 0 12488 0 28572 0 24473 0 604373 0 0 JOSEPH GLOVER BOARD MEMBER - UNTIL 12/2023 0 526241 0 0 0 9000 0 43302 0 13496 0 592039 0 0 CHRIS COWEN TREASURER UNTIL 7/29/2023 0 377270 0 0 0 69046 0 52133 0 69889 0 568338 0 0 SCOTT ANGLE BOARD MEMBER 0 461218 0 26000 0 0 0 35173 0 24530 0 546921 0 0 DAVID P NORTON PRESIDENT/CHAIR 104773 314320 1144 3432 2250 6750 7152 21455 5862 17585 121181 363542 0 0 CURTIS A REYNOLDS BOARD MEMBER - UNTIL 4/2024 0 347265 0 0 0 18390 0 89474 0 25652 0 480781 0 0 FORREST MASTERS BOARD MEMBER 0 419688 0 0 0 0 0 33785 0 24934 0 478407 0 0 DAVID E RICHARDSON BOARD MEMBER 0 394602 0 0 0 0 0 38443 0 23366 0 456411 0 0 JAMES F O'CONNELL DIR. OF TECH LICENSING 363581 0 0 0 0 0 41473 0 22016 0 427070 0 0 0 ROBERT A GILBERT BOARD MEMBER 0 300664 0 0 0 0 0 29369 0 22785 0 352818 0 0 STEPHANIE GRAY DIR. OF SPONSORED PROGRAMS 0 290395 0 1830 0 0 0 24920 0 12127 0 329272 0 0 GEORGE KOLB TREASURER AS OF 7/29/2023 0 205964 0 1674 0 0 0 27136 0 24986 0 259760 0 0 JACKSON STREETER DIR. OF UF INNOVATE 182522 0 0 0 1465 0 23932 0 24228 0 232147 0 0 0 JOHN BYATT ASSOC. DIR. OF TECH LICENSING 160835 0 0 0 0 0 15740 0 22016 0 198591 0 0 0 ALAN WEST FORMER INTERIM TREASURER 0 163663 0 0 0 0 0 15794 0 15666 0 195123 0 0 JULIE RHEE SECRETARY/FINANCE DIRECTOR 78986 78986 635 635 0 0 7857 7857 7150 7150 94628 94628 0 0 DAVID E KRATZER BOARD MEMBER- AS OF 4/2024 0 161517 0 4658 0 0 0 14724 0 32 0 180931 0 0 ANITA RAO DIR. OF UF INNOVATE PATHWAYS 141345 0 0 0 1130 0 13984 0 22155 0 178614 0 0 0 RICHARD CROLEY ASST. DIR. LICENSING OFFICER 125944 0 0 0 1052 0 17173 0 27530 0 171699 0 0 0 WILSON LEONARD TERRY ASST. DIR. LICENSING OFFICER 130609 0 0 0 1078 0 13338 0 26258 0 171283 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 2023 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 44,218. 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 8635293 ACTUAL COST UNIVERSITY OF FLORIDA O 4779518 ACTUAL COST UNIVERSITY OF FLORIDA P 1203715 ACTUAL COST UNIVERSITY OF FLORIDA Q 2344218 ACTUAL COST UNIVERSITY OF FLORIDA R 22665900 ACTUAL COST UNIVERSITY OF FLORIDA D 126894904 ACTUAL COST UNIVERSITY OF FLORIDA E 22242521 ACTUAL COST