2019-11-12T12:00:39-06:00 2019-06-30 560574444 CHERRY BEKAERT LLP 1029 GREENE STREET AUGUSTA GA 30901 990 2018-07-01 581353149 University of Georgia Research Foundation Inc UNIV 7065426860 324 Business Srvcs 456 E Broad St Athens GA 30602 Ryan Nesbit Financial Vice President/Treasurer 2019-11-12 true Amanda M Adams P00748038 7067243557 2018 2020-03-31 21:24:44Z Ryan Nesbit 324 Business Srvcs 456 E Broad St Athens GA 30602 219615126 false X research.uga.edu/ugarf X 1978 GA THE UNIVERSITY OF GEORGIA RESEARCH FOUNDATION OBTAINS GOVERNMENT AND PRIVATE RESEARCH GRANTS ON BEHALF OF THE UNIVERSITY OF GEORGIA. GRANTS ARE AWARDED TO FACULTY RESEARCHERS AT THE UNIVERSITY OF GEORGIA. 17 7 0 15 0 0 180061965 183417689 -44995 -17149 4203596 820286 10915201 11121953 195135767 195342779 175675292 178195774 0 0 0 0 19696449 16067985 195371741 194263759 -235974 1079020 103317598 135852925 57489169 87829136 45828429 48023789 THE UNIVERSITY OF GEORGIA RESEARCH FOUNDATION (RESEARCH FOUNDATION) IS ORGANIZED TO FULFILL BROAD SCIENTIFIC, LITERARY, EDUCATIONAL, AND CHARITABLE PURPOSES AND OPERATES TO ENHANCE THE MISSION OF THE UNIVERSITY OF GEORGIA (UNIVERSITY) OF TEACHING, RESEARCH, AND PUBLIC SERVICE. THE RESEARCH FOUNDATION CONTRIBUTES TO THE RESEARCH FUNCTION OF THE UNIVERSITY BY SECURING RESEARCH CONTRACTS, GRANTS, AND AWARDS FROM INDIVIDUALS, INSTITUTIONS, PRIVATE ORGANIZATIONS, AND GOVERNMENT AGENCIES FOR THE PERFORMANCE OF SPONSORED RESEARCH IN THE VARIOUS UNIVERSITY COLLEGES, SCHOOLS, DEPARTMENTS, AND OTHER UNITS. IN THE INTELLECTUAL PROPERTY ADMINISTRATION AGREEMENT, THE BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA AUTHORIZED THE RESEARCH FOUNDATION TO SERVE AS THE OFFICIAL RECIPIENT OF ALL RESEARCH CONTRACTS, GRANTS, AND AWARDS FOR THE CONDUCT OF SPONSORED RESEARCH AT THE UNIVERSITY. false false 178195774 178195774 THE RESEARCH FOUNDATION CONTRIBUTES TO THE RESEARCH FUNCTION AT THE UNIVERSITY BY SECURING RESEARCH CONTRACTS, GRANTS, AND AWARDS FROM INDIVIDUALS, INSTITUTIONS, PRIVATE ORGANIZATIONS, AND GOVERNMENT AGENCIES FOR PERFORMANCE OF SPONSORED RESEARCH IN THE VARIOUS UNIVERSITY COLLEGES, SCHOOLS, DEPARTMENTS, AND OTHER UNITS. 15487586 -17149 THE RESEARCH FOUNDATION DISTRIBUTES A PORTION OF LICENSING AND ROYALTIES REVENUE TO UNIVERSITY DEPARTMENTS AND PROGRAMS AND PROVIDES OTHER DIRECT SUPPORT FOR VARIOUS RESEARCH INITIATIVES AT THE UNIVERSITY. 193683360 true true false false false false false false false true false false true true false true true false false true false false false false false false true false true false false false false false false false false false false false false false true true false true false true X 176 0 true 0 false true CJ false false false false true false false false false false X 17 7 false false false false false true false true true false false true true true true true true false false false GA X X Chad Cleveland 7065426860 456 E Broad Street Athens GA 30602 JERE W MOREHEAD PRESIDENT/CHAIR 5.0 40.0 X X 0 1357300 244026 LIBBY V MORRIS VICE CHAIR 1.0 40.0 X X 0 292050 74356 DAVID C LEE EXECUTIVE VICE PRESIDENT 1.0 40.0 X X 0 302989 48958 RYAN A NESBIT FINANCIAL VP/TREASURER 1.0 40.0 X X 0 282138 81960 SONIA M ALTIZER DIRECTOR 1.0 40.0 X 0 149822 37411 N KIRBY ALTON DIRECTOR 1.0 1.0 X 0 0 0 JOSEF M BRODER DIRECTOR 1.0 40.0 X 0 215969 62313 CADER B COX DIRECTOR 1.0 0.0 X 0 0 0 CHRISTOPHER CUMMISKEY DIRECTOR 1.0 0.0 X 0 0 0 ALAN G DARVILL DIRECTOR 1.0 40.0 X 0 303648 45125 C GREG GUYER DIRECTOR 1.0 1.0 X 0 0 0 SUSANNE HOLLINGER DIRECTOR 1.0 0.0 X 0 0 0 SAMANTHA B JOYE DIRECTOR 1.0 40.0 X 0 169932 48673 WILLIAM S KISAALITA DIRECTOR 1.0 40.0 X 0 126383 28828 F ABIT MASSEY DIRECTOR 1.0 0.0 X 0 0 0 JENNIFER E MCDOWELL DIRECTOR 1.0 40.0 X 0 162038 31538 GREGORY H ROBINSON DIRECTOR 1.0 40.0 X 0 372177 99598 SUSAN C WALTMAN DIRECTOR 1.0 0.0 X 0 0 0 FRANKLIN D WEST DIRECTOR 1.0 40.0 X 0 115341 34940 DEREK E EBERHART CHIEF LICENSING OFFICER 1.0 40.0 X 0 207638 28643 JESSICA K ORBOCK SECRETARY 1.0 40.0 X 0 214577 20332 PAMELA S WHITTEN FORMER VICE CHAIR 0.0 0.0 X 0 250744 29270 0 4522746 915971 0 true true false Mueting Raasch & Gebhardt PA 111 Washington Ave S Suite 700 Minneapolis MN 55401 LEGAL FEES 707821 Thomas Horstemeyer LLP 3200 Windy Hill Road SE Suite 1600E Atlanta GA 303398590 LEGAL FEES 269281 COSUD Intellectual Property Solutions (SM) PC 714 Colorado Avenue Bridgeport CT 066051601 LEGAL FEES 179524 Meunier Carlin & Curfman LLC 999 Peachtree Street NE Suite 1300 Atlanta GA 30309 LEGAL FEES 154429 4 183417689 183417689 LOSS FROM PASS THROUGH ENTITIES 900099 -17149 -17149 0 0 0 0 -17149 933449 933449 11044508 11044508 77445 77445 0 77445 77445 24159184 24272347 -113163 0 -113163 -113163 0 0 0 0 0 195342779 -17149 0 11942239 178195774 178195774 11952 11952 53600 53600 117027 117027 0 0 0 0 156716 156716 8153646 8153646 11340 11340 15028 15028 28628 28628 103940 103940 RESEARCH PROGRAM ENHANCEMENT 5885895 5885895 LICENSES AND INTELLECTUAL PROPERTY EXPENSE 1448045 1448045 82168 0 82168 0 194263759 193683360 580399 0 13267126 7331861 0 0 0 1249936 1142307 107629 107629 37057930 41839294 808506 919142 824360 962074 51252047 84692925 103317598 135852925 1273341 1317479 8420 6275 0 56207408 86505382 57489169 87829136 X 45828429 48023789 45828429 48023789 103317598 135852925 1079020 1116340 0 X false true X true true true X 147634867 160445433 182409293 180061965 183417689 853969247 0 0 147634867 160445433 182409293 180061965 183417689 853969247 0 853969247 8022623 10411542 9564789 11334582 12055402 51388938 0 0 0 0 0 0 0 905358185 1636700 0.9432 0.9418 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 107629 107629 1142307 1142307 0 107629 GRANTS, CONTRACTS AND ROYALTIES RECEIVABLE 55728822 FUNDS DEPOSITED WITH THE UNIVERSITY 28325675 ACCOUNTS RECEIVABLE FROM THE UNIVERSITY 638428 84692925 ADVANCED PAYMENTS ON CONTRACTS 28325675 ACCOUNTS PAYABLE - UNIVERSITY 58179707 86505382 196359241 1116340 0 1116340 195242901 117027 -17149 99878 195342779 194163881 17149 17149 194146732 117027 0 117027 194263759 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements LOSS FROM PASS THROUGH ENTITIES - -17149 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 LOSS FROM PASS THROUGH ENTITIES - 17149 Central America and the Caribbean 0 0 Investments 465892 0 0 0 0 0 0 465892 0 465892 false false false false true false true UNIVERSITY OF GEORGIA 456 E BROAD STREET ATHENS GA 30606 586001998 115 (1) 178195774 0 FUNDS ARE PAID TO THE UNIVERSITY FOR EDUCATIONAL AND RESEARCH PURPOSES AND ACADEMIC SUPPORT. 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE UNIVERSITY HAS DESIGNED AND IMPLEMENTED INTERNAL CONTROLS OVER COMPLIANCE WITH GRANT REQUIREMENTS AND IS SUBJECT TO AN ANNUAL AUDIT WHICH TESTS ITS INTERNAL CONTROLS OVER COMPLIANCE FOR FEDERAL GRANT REQUIREMENTS UNDER NEW UNIFORM GUIDANCE (UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS), FORMERLY OMB CIRCULAR A-133. false true false false false false false false false JERE W MOREHEAD PRESIDENT/CHAIR 0 620851 0 0 0 736449 0 235456 0 8570 0 1601326 0 711949 LIBBY V MORRIS VICE CHAIR 0 291771 0 0 0 279 0 57351 0 17005 0 366406 0 0 DAVID C LEE EXECUTIVE VICE PRESIDENT 0 298510 0 0 0 4479 0 25410 0 23548 0 351947 0 0 RYAN A NESBIT FINANCIAL VP/TREASURER 0 267610 0 0 0 14528 0 54898 0 27062 0 364098 0 0 SONIA M ALTIZER DIRECTOR 0 149822 0 0 0 0 0 14389 0 23022 0 187233 0 0 JOSEF M BRODER DIRECTOR 0 215969 0 0 0 0 0 42522 0 19791 0 278282 0 0 ALAN G DARVILL DIRECTOR 0 288648 0 0 0 15000 0 28600 0 16525 0 348773 0 0 SAMANTHA B JOYE DIRECTOR 0 169932 0 0 0 0 0 17191 0 31482 0 218605 0 0 WILLIAM S KISAALITA DIRECTOR 0 126383 0 0 0 0 0 12215 0 16613 0 155211 0 0 JENNIFER E MCDOWELL DIRECTOR 0 144038 0 0 0 18000 0 30920 0 618 0 193576 0 0 GREGORY H ROBINSON DIRECTOR 0 371981 0 0 0 196 0 72803 0 26795 0 471775 0 0 FRANKLIN D WEST DIRECTOR 0 115341 0 0 0 0 0 11475 0 23465 0 150281 0 0 DEREK E EBERHART CHIEF LICENSING OFFICER 0 207206 0 0 0 432 0 19456 0 9187 0 236281 0 0 JESSICA K ORBOCK SECRETARY 0 205298 0 0 0 9279 0 19834 0 498 0 234909 0 0 PAMELA S WHITTEN FORMER VICE CHAIR 0 234432 0 0 0 16312 0 19441 0 9829 0 280014 0 0 Schedule J, Part I SCH J THE RESEARCH FOUNDATION HAS NO EMPLOYEES. OFFICERS AND SOME DIRECTORS OF THE RESEARCH FOUNDATION ARE EMPLOYED BY THE UNIVERSITY AND ARE COMPENSATED FOR THE ROLE PERFORMED FOR THE UNIVERSITY. OFFICERS OF THE RESEARCH FOUNDATION ARE ALSO OFFICERS OF THE UNIVERSITY WHICH IS THE SUBCONTRACTOR ON ALL SPONSORED RESEARCH RECEIVED BY THE RESEARCH FOUNDATION. Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation THE PRESIDENT/CHAIR OF THE RESEARCH FOUNDATION IS PAID DIRECTLY BY THE UNIVERSITY FOR HIS ROLE AS PRESIDENT OF THE UNIVERSITY. THE UNIVERSITY SYSTEM OF GEORGIA BOARD OF REGENTS (BOARD) ESTABLISHES THE PRESIDENT'S ANNUAL COMPENSATION THROUGH THE USE OF A WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND THE APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan THE COMPENSATION REPORTED IN PART II, COLUMN C INCLUDES DEFERRED COMPENSATION OF $202,110 PAID BY THE UNIVERSITY DURING 2018 AS PART OF A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN FOR JERE W. MOREHEAD. The compensation reported in part II, column F of $711,949 was paid by the University to Jere W. Morehead during 2018 from prior years' deferred compensation supplemental non-qualified retirement plan contributions and has been included in his taxable compensation. For fiscal year 2019, the University System of Georgia Board of Regents approved an annualized $220,661 contribution made by the University on behalf of Jere W. Morehead to an approved deferred compensation plan per Board of Regents policy. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE RESEARCH FOUNDATION'S PRESIDENT, VICE CHAIR, EXECUTIVE VICE PRESIDENT AND FINANCIAL VICE PRESIDENT (ALL VOTING MEMBERS) ARE ELECTED OR APPOINTED AS EX-OFFICIO MEMBERS BY VIRTUE OF THEIR UNIVERSITY POSITION. THREE VOTING MEMBERS ARE APPOINTED OR ELECTED BY THE UGA ALUMNI ASSOCIATION. THREE VOTING MEMBERS ARE APPOINTED OR ELECTED BY THE UNIVERSITY COUNCIL. THREE VOTING MEMBERS ARE APPOINTED OR ELECTED BY THE UNIVERSITY OF GEORGIA FOUNDATION. FOUR VOTING MEMBERS ARE ELECTED BY VOTE OF THE RESEARCH FOUNDATION BOARD OF DIRECTORS. Form 990, Part VI, Line 11b Review of form 990 by governing body IRS FORM 990 IS PROVIDED ELECTRONICALLY TO BOARD MEMBERS PRIOR TO THE FILING DEADLINE WITH SUFFICIENT LEAD-TIME TO ALLOW FOR REVIEW BY BOARD MEMBERS. Form 990, Part VI, Line 12c Conflict of interest policy BOARD MEMBERS OF THE RESEARCH FOUNDATION ARE GIVEN A FORM TO COMPLETE EACH YEAR REQUESTING DISCLOSURE OF ALL RELATED ENTITIES AND TRANSACTIONS. ANY CONFLICTS NOTED ARE DISCUSSED AND APPROPRIATE ACTION TAKEN, IF DEEMED NECESSARY. Form 990, Part VI, Line 18 How forms are made available to the public THE RESEARCH FOUNDATION'S FORM 1023 AND 990 CAN BE REQUESTED THROUGH AN ELECTRONIC REQUEST FORM ON THE RESEARCH FOUNDATION'S WEBSITE. Form 990, Part VI, Line 19 Required documents available to the public THE RESEARCH FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE RESEARCH FOUNDATION'S WEBSITE. UGA REAL ESTATE FOUNDATION INC 1280 SOUTH LUMPKIN STREET ATHENS GA 30602 582491922 REAL ESTATE DEVELOPMENT GA 501(c)(3) Type I UNIVERSITY OF GEORGIA RESEARCH FOUNDATION true UNIVERSITY OF GEORGIA 456 E BROAD STREET ATHENS GA 30602 586001998 STATE UNIVERSITY - EDUCATION AND RESEARCH GA NA false false true false false false false false false false true false false true true true true false false false UNIVERSITY OF GEORGIA B 165430222 PER FINANCIAL STATEMENT UNIVERSITY OF GEORGIA J 75300 PER FINANCIAL STATEMENT UNIVERSITY OF GEORGIA P 9225633 PER FINANCIAL STATEMENT