Nonprofit · EIN 59-3211153
FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC
Tax-exempt · TALLAHASSEE, FL 32310
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $24,252,536 | $38,636,606 | -$14,384,070 | $218,801,229 | $64,598,051 | $154,203,178 |
| June 30, 2024 | 990 | $18,957,067 | $50,836,314 | -$31,879,247 | $224,086,083 | $66,841,634 | $157,244,449 |
| June 30, 2023 | 990 | $24,244,716 | $18,836,373 | $5,408,343 | $245,277,590 | $67,682,702 | $177,594,888 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $17,477,864
- Investment income
- $6,390,527
- Royalties
- $381,932
- Net gain from sales of assets
- $6,390,527
- Other revenue
- $384,145
Expenses
- Grants and similar amounts paid
- $30,282,071
- Compensation of officers, directors and key employees
- $141,450
- Other salaries and wages
- $859,666
- Salaries, compensation and benefits (total)
- $1,001,116
- Professional fundraising fees
- $0
- Accounting fees
- $35,125
- Occupancy
- $425,831
- Depreciation
- $1,232,347
- Program services (functional)
- $33,307,125
- Management and general (functional)
- $5,329,481
Balance sheet and other
- Total assets, start of year
- $224,086,083
- Total assets, end of year
- $218,801,229
- Total liabilities, end of year
- $64,598,051
- Net assets, end of year
- $154,203,178
- Land, buildings and equipment
- $2,618,820
- Gross receipts
- $48,153,757
- Employees
- 0
- Volunteers
- 3
- Year formed
- 1993
- 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 |
|---|---|---|---|---|---|
| RICHARD MCCULLOUGH | FSU PRESIDENT & CHAIR Trustee or director | 1 | $0 | $1,558,470 | $136,117 |
| KYLE CLARK | FSU VP FOR FINANCE & ADMINISTRATION Trustee or director | 1 | $0 | $573,511 | $59,089 |
| DR JAMES CLARK | FSU PROVOST Trustee or director | 1 | $0 | $571,167 | $60,755 |
| STACEY PATTERSON | FSU VP FOR RESEARCH, FSURF PRESIDENT Trustee or director, Officer | 10 | $0 | $484,232 | $140,265 |
| DR SAM HUCKABA | FSU DEAN OF ARTS & SCIENCES Trustee or director | 1 | $0 | $392,944 | $62,709 |
| GARY K OSTRANDER | FORMER PRESIDENT Former | 0 | $0 | $371,446 | $58,365 |
| VALERIE MCDEVITT | FSU AVP, FSU Strategic Partnerships and Innovation (BEGAN JUL. 2024) Trustee or director | 1 | $0 | $296,689 | $121,898 |
| KERRY PELUSO | TREASURER Officer | 5 | $0 | $254,853 | $113,228 |
| MARK RILEY | FORMER INTERIM PRESIDENT Former | 0 | $0 | $234,803 | $49,213 |
| HEATHER CAVE | EXECUTIVE DIRECTOR Officer | 40 | $0 | $105,571 | $33,264 |
| KELLY STARKE | SECRETARY Officer | 5 | $0 | $83,434 | $35,988 |
| JOSEPH W LANDERS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KAY STEPHENSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICARDO SCHNEIDER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICHARD MCCULLOUGH | DIRECTOR Trustee or director | 1 | $0 | $1,365,751 | $278,897 |
| STACEY PATTERSON | PRESIDENT Trustee or director, Officer | 10 | $0 | $442,925 | $179,163 |
| DR JAMES CLARK | DIRECTOR Trustee or director | 1 | $0 | $543,692 | $52,038 |
| KYLE CLARK | DIRECTOR Trustee or director | 1 | $0 | $493,894 | $53,520 |
| GARY K OSTRANDER | FORMER PRESIDENT Former | 0 | $0 | $357,439 | $49,126 |
| DR SAM HUCKABA | DIRECTOR Trustee or director | 1 | $0 | $330,403 | $52,163 |
| KERRY PELUSO | TREASURER Officer | 5 | $0 | $242,899 | $102,998 |
| MARK RILEY | FORMER INTERIM PRESIDENT Former | 0 | $0 | $216,420 | $41,321 |
| HEATHER CAVE | EXECUTIVE DIRECTOR Officer | 40 | $80,059 | $0 | $27,764 |
| KELLY STARKE | SECRETARY Officer | 5 | $0 | $77,034 | $30,099 |
| JOSEPH W LANDERS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KAY STEPHENSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIM WILLIAMS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICARDO SCHNEIDER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICHARD MCCULLOUGH | DIRECTOR Trustee or director | 1 | $0 | $1,112,055 | $248,792 |
| DR JAMES CLARK | DIRECTOR Trustee or director | 1 | $0 | $500,744 | $61,657 |
| KYLE CLARK | DIRECTOR Trustee or director | 1 | $0 | $451,267 | $51,048 |
| GARY K OSTRANDER | FORMER PRESIDENT Former | 0 | $0 | $340,425 | $47,392 |
| SAM HUCKABA | DIRECTOR Trustee or director | 1 | $0 | $302,269 | $48,504 |
| KERRY PELUSO | TREASURER Officer | 5 | $0 | $230,949 | $92,707 |
| MARK RILEY | INTERIM PRESIDENT UNTIL 10/14/2022 Officer | 10 | $0 | $238,528 | $42,636 |
| LAUREL FAULKERSON | FORMER PRESIDENT Former | 0 | $0 | $142,725 | $17,866 |
| STACEY PATTERSON | PRESIDENT AS OF 10/15/2022 Trustee or director, Officer | 10 | $0 | $128,292 | $10,857 |
| HEATHER CAVE | EXECUTIVE DIRECTOR Officer | 40 | $88,250 | $0 | $28,354 |
| KELLY STARKE | SECRETARY Officer | 5 | $0 | $73,019 | $28,550 |
| JOSEPH W LANDERS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KAY STEPHENSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIM WILLIAMS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RICARDO SCHNEIDER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2000 LEVY AVE STE 351, TALLAHASSEE, FL 32310-5792
- In care of
- % HOLLY NEWELL
- Principal officer (990 for 2024)
- Stacey Patterson, 2000 LEVY AVE 351, TALLAHASSEE, FL 323105792
- Signed the 990
- STACEY PATTERSON, PRESIDENT
- Phone
- (850) 644-8650
- Website
- www.reserach.fsu.edu
- Return prepared by
- CROWE LLP
Mission
TO PROMOTE, ENCOURAGE AND FACILITATE THE RESEARCH AND TRAINING ACTIVITIES OF FACULTY, STAFF AND STUDENTS OF THE FLORIDA STATE UNIVERSITY THROUGH INCOME FROM CONTRACTS, GRANTS AND OTHER SOURCES.
Program accomplishments
- THE RESEARCH FOUNDATION ACCEPTS AND ADMINISTERS CONTRACTS AND GRANTS FROM PRIVATE SOURCES, (I.E. NON-U.S. FEDERAL, STATE AND LOCAL GOVERNMENTAL ENTITIES), WHICH ARE USED IN SUPPORT OF RESEARCH AT THE FLORIDA STATE UNIVERSITY. THE RESEARCH FOUNDATION PROCESSED 270 PROPOSALS AND 173 AWARDS IN THE CURRENT YEAR.Expenses $30,282,071 · grants $30,282,071 · revenue $13,979,043
- THE RESEARCH FOUNDATION OPERATES SEVEN BUILDINGS WITH THE OBJECTIVE OF PROVIDING RESEARCH FACILITIES FOR FLORIDA STATE UNIVERSITY TENANTS TO PERFORM RESEARCH.Expenses $1,658,178 · revenue $3,498,821
- ADMINISTERING INCOME FROM RESEARCH/ROYALTY CONTRACTS RECEIVED BY UNIVERSITY DEPARTMENTS AND LICENSING OR OTHER CONTRACTUAL ARRANGEMENTS RELATED TO PATENTABLE PRODUCTS DEVELOPED BY FLORIDA STATE UNIVERSITY FACULTY, STAFF, AND STUDENTS.Expenses $1,366,876 · revenue $381,932
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
- 59-3211153
- 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
- 1995
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $218,801,229
- Income (IRS master file)
- $48,153,757
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $24,252,536 | $38,636,606 | $218,801,229 | XML |
| 990 | June 2024 | $18,957,067 | $50,836,314 | $224,086,083 | XML |
| 990 | June 2023 | $24,244,716 | $18,836,373 | $245,277,590 | XML |
| 990 | June 2022 | $28,107,542 | $14,832,298 | $238,210,385 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 59-3211153).
Questions about FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC
- What is the EIN of FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC?
- The employer identification number (EIN) of FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC is 59-3211153.
- Is FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does FLORIDA STATE UNIVERSITY 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 FLORIDA STATE UNIVERSITY 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 FLORIDA STATE UNIVERSITY 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 FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names Stacey Patterson.
- Who are the officers and directors of FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $24,252,536, expenses of $38,636,606 and total assets of $218,801,229 at year end.
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