2014-12-18T15:08:28-06:00 2014-06-30 Thomas Howell Ferguson PA 2615 Centennial Blvd Suite 200 Tallahassee FL 32308 990 2013-07-01 593211153 Florida State University Research Foundation Inc % HOLLY NEWELL FLOR 8506448650 2000 LEVY AVENUE SUITE 351 Suite Tallahassee FL 32310 HOLLY NEWELL CFO 8506448650 2014-12-05 true Stacey T Kolka P01371120 8506448650 2013 2015-11-30 17:44:51Z Gary Ostrander 2000 Levy Avenue Suite 351 Tallahassee FL 32310 17305122 false X www.research.fsu.edu X 1993 FL TO PROMOTE, ENCOURAGE, AND ASSIST THE RESEARCH AND TRAINING ACTIVITIES OF FACULTY, STAFF, AND STUDENTS OF THE FSU THROUGH INCOME FROM CONTRACTS, GRANTS, AND OTHER SOURCES. 9 4 9 4 0 0 0 14336463 13459951 4448294 2911305 4064 10171 18788821 16381427 1050384 1002717 0 0 478796 529090 0 0 0 20032663 13060220 21561843 14592027 -2773022 1789400 135335177 141469662 32420978 28991847 102914199 112477815 X TO PROMOTE, ENCOURAGE, AND ASSIST THE RESEARCH AND TRAINING ACTIVITIES OF FACULTY, STAFF, AND STUDENTS OF THE FLORIDA STATE UNIVERSITY THROUGH INCOME FROM CONTRACTS, GRANTS, AND OTHER SOURCES. false false 8814226 9037260 The Research Foundation accepts and administers contracts and grants from private sources, (i.e. non-U.S. Federal, State and Local government). The Research Foundation processed 161 proposals and 119 awards in the current year. The objective is to continue processing proposals and awards which are used in support of research at The Florida State University. 2170374 3354561 The Research Foundation (RF) operates EIGHT buildings with the objective of facilitating more Florida State University tenants to perform research. DURING THE 2014 FISCAL YEAR, THE RF TERMINATED THE LEASE AGREEMENTS WITH LCRDA FOR THE SHAW, JOHNSON, AND SLIGER BUILDINGS AS WELL AS THE GROUND LEASE FOR BUILDINGS A&B. LCRDA RETAINED OWNERSHIP OF JOHNSON, BUT SHAW, SLIGER, AND THE LAND FOR A&B WERE TRANSFERRED TO FSU, AND THE RF CONTINUED TO MANAGE THEM. 815191 Administering income from funds provided to support Florida State University research departments and promote the University's academic liasons. Expenses include $863,350 for the loss realized on the termination of capital leases for properties that were transferred to fsu and $270,000 of indirect costs distributed back to the departments. the expenses are net of contributions from FSU FOR $700K (REIMBURSEMENT FOR PATENT AND COPYRIGHT EXPENSES) AND $250K (REPAYMENT OF CAPITAL INVESTMENT IN THE MEDIUM VOLTAGE LAB). 2128796 1068130 13928587 true false false false false false false false false true false false false true true true true false false true true true false false false false false true true true false false false false false false false false false false false false false false false true false false false true X 159 0 true 0 false false false false false false false false false false false false false X 9 4 false false false false false false false true true false false true true true true true true true false false X HOLLY NEWELL 8506448138 2000 LEVY AVENUE SUITE 351 TALLAHASSEE FL 32310 Mr JOSEPH W LANDERS DIRECTOR 1.0 X 0 0 0 Ms KAY STEPHENSON DIRECTOR 1.0 X 0 0 0 DR ERIC J BARRON CHAIRMAN (07/13 - 04/14) 1.0 X X 0 645922 83400 Mr KIM WILLIAMS DIRECTOR 1.0 X 0 0 0 Mr Richardo Schneider Director 1.0 X 0 0 0 Dr Sam Huckaba Director 1.0 X 0 240363 29039 Ms Garnett Stokes Director/chairman (4/14-11/14) 1.0 X X 0 338562 17303 Dr Gary Ostrander President 15.0 X X 0 293026 43259 Mr David Coburn Director (02/13 - 7/13) 1.0 X 0 194106 17764 KYLE CLARK DIRECTOR (07/13 - PRESENT) 1.0 X 0 106851 12101 DR SALLIE MCRORIE DIRECTOR (04/14 - 11/14) 1.0 X 0 218320 20466 Mr Bill Sweeney TREASURER 35.0 X 0 126861 7685 Ms BETH HODGES SECRETARY (07/13 - 08/13) 5.0 X 0 69000 11779 DR Ross Ellington VICE PRESIDENT 3.0 X 0 193335 25200 Ms Holly Newell CFO 40.0 X 0 91227 19281 MS KELLY STARKE SECRETARY (08/13 - PRESENT) 5.0 X 0 56544 16836 DR THOMAS K WETHERELL FORMER OFFICER 1.0 X 0 304195 21041 DR LAWRENCE G ABELE FORMER DIRECTOR 1.0 X 0 102092 11063 MR RAYMOND BYE FORMER OFFICER 1.0 X 0 158403 10272 0 3138807 346489 0 true true false BOYD BROTHERS PO BOX 18 PANAMA CITY FL 324020018 PRINTING COMPANY 427202 PUBLIC BROADCASTING SERVICES 14400 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 MEDIA 924010 ALCHEMY-PARTNERS PC 5885 TRINITY PARKWAY SUITE 370 CENTERVILLE VA 20120 Legal-Pnt\Copyright 281384 SMITH HOPEN PA 180 PINE AVE N OLDSMAR FL 34677 Legal-Pnt\Copyright 208341 Sutherland Asbill Brennan LLP 999 Peachtree Street NE ATLANTA GA 303093996 Legal-Pnt\Copyright 244858 8 0 LICENSING FEES & ROYALTIES 900099 1068130 1068130 CONTRACTS & GRANTS 900099 9037260 9037260 SEC 514 (B)(2) RENTAL INCOME 900099 3354561 3354561 13459951 0 0 0 0 0 0 3835000 923695 2911305 2911305 2911305 0 0 0 ADMINISTRATIVE INCOME 900099 10171 10171 10171 16381427 13459951 2921476 X 0 801707 801707 201010 201010 0 106600 106600 0 382015 382015 0 0 40475 40475 0 0 31250 31250 0 0 0 86567 86567 0 0 0 0 0 0 0 0 0 0 0 16533 16533 0 CONTRACTS & GRANTS 7811509 7811509 CONTRIBUTIONS TO FSU 815191 815191 RENTAL EXPENSES 2170374 2170374 PATENT & LICENSING COSTS 1271881 1271881 856915 856915 14592027 13928587 663440 0 X 0 0 111310754 120368376 1051201 1037674 0 0 0 0 0 0 228244 0 0 0 784513 93624 26580932 9309047 18614952 17271885 0 0 718778 261432 0 0 0 0 2626735 2436671 135335177 141469662 744937 398193 0 0 10940691 9557997 0 0 0 0 0 0 0 0 0 0 20735350 19035657 32420978 28991847 X 102914199 112477815 0 0 0 0 102914199 112477815 135335177 141469662 X 1789400 7828860 -54644 X false true X true false X X X false false false FLORIDA STATE UNIVERSITY 591961248 02 true true true 12455696 1 12455696 785000 785000 25665364 9200171 16465193 50910 41618 9292 79658 67258 12400 17271885 0 INVENTORS' ALLOCATIONS PAYABLE 285821 INVENTORS' DPTMT ALLOC PAYABLE 2068669 PAYABLE TO FL STATE UNIVERSITY 4188076 OBLIGATIONS UNDER CAP LEASE 11085000 GIFT ANNUITY OBLIGATION 289173 UNAMORTIZED PREMIUM 1118918 19035657 X 24155643 7828860 -54644 7774216 16381427 16381427 14592027 14592027 14592027 SCHEDULE D, PART X LINE 2: WITH FEW EXCEPTIONS, THE RESEARCH FOUNDATION IS NO LONGER SUBJECT TO EXAMINATIONS BY MAJOR TAX JURISDICTIONS FOR YEARS ENDED JUNE 30, 2010 AND PRIOR. SCHEDULE D, PART XI LINE 2D: Other Revenue Adjustments Change in Annuity Value -$54,644 The decreasse in the annuity value is recorded as a reduction to non-operating revenue on the audited financial statements. However, this decrease is recorded as a change in fund balance on the tax return. true Europe (Including Iceland and Greenland) Program Services Archaelogical Dig 2903 Europe (Including Iceland and Greenland) Program Services EXCAVATIONS 15201 Europe (Including Iceland and Greenland) Program Services FOSTERING FREE WILL 85147 East Asia and the Pacific Program Services FOSTERING FREE WILL 115683 South Asia Program Services water governance study 17800 236734 236734 East Asia and the Pacific RESEARCH 115863 WIRE N/A N/A Europe (Including Iceland and Greenland) RESEARCH 60227 wire N/A N/A Europe (Including Iceland and Greenland) RESEARCH 24920 wire N/A N/A 3 Travel Reimbursement Europe (Including Iceland and Greenland) 1 6574 WIRE N/A N/A TRAVEL REIMBURSEMENT South Asia 1 17800 WIRE/CHECK N/A N/A false false false false false false PART 1, LINE 2 FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION HAS AN INTERNAL GRANTS DEPARTMENT THAT REVIEWS THE CONTRACTS AND GRANTS FOR COMPLIANCE WITH RESEARCH FOUNDATION POLICIES AND PROCEDURES AND SPONSOR GUIDELINES. PART 1, LINE 3 THE EXPENSES REPORTED MAY INCLUDE BOTH FOREIGN AND DOMESTIC ACTIVITY. true EPPES PROFESSORSHIPS 14 514482 GAP FUNDING PROGRAM 19 280209 COMMERCIALIZATION 1 7016 PART III FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION (RF) DOES NOT GIVE MONEY DIRECTLY TO INDIVIDUALS. INDIVIDUALS WORK ON SPECIFIC PROJECTS AND THE RF AWARDS GRANTS TO THESE INDIVIDUALS FOR THEIR SPECIFIC PROJECTS. INDIVIDUALS SUBMIT PAYMENT REQUESTS TO THE RF AND THE RF SENDS PAYMENTS DIRECTLY TO THE VENDORS. X X X false false false false false false false false false DR Ross Ellington VICE PRESIDENT 0 193091 0 244 0 0 0 11754 0 13446 0 218535 0 0 DR ERIC J BARRON CHAIRMAN (07/13 - 04/14) 0 405513 0 233000 0 7409 0 68154 0 15246 0 729322 0 0 Dr Sam Huckaba Director 0 240119 0 244 0 0 0 15593 0 13446 0 269402 0 0 Ms Garnett Stokes Director/chairman (4/14-11/14) 0 332318 0 244 0 6000 0 17303 0 0 0 355865 0 0 Dr Gary Ostrander President 0 291376 0 244 0 1406 0 28013 0 15246 0 336285 0 0 Mr David Coburn Director (02/13 - 7/13) 0 143856 0 2250 0 48000 0 17764 0 0 0 211870 0 0 DR SALLIE MCRORIE DIRECTOR (04/14 - 11/14) 0 218076 0 244 0 0 0 14165 0 6301 0 238786 0 0 DR THOMAS K WETHERELL FORMER OFFICER 0 303951 0 244 0 0 0 7595 0 13446 0 325236 0 0 DR LAWRENCE G ABELE FORMER DIRECTOR 0 102011 0 81 0 0 0 6624 0 4439 0 113155 0 0 MR RAYMOND BYE FORMER OFFICER 0 158159 0 244 0 0 0 10272 0 0 0 168675 0 0 A State of Florida 593211153 2013-01-01 250000 Research false false false A 18000000 0 11920000 0 0 0 0 0 0 0 0 0 true false true true A false false false true true 0.00000 0.01000 0.01000 false false false false A 0 0 A PART I - Summary LINE 13 $1,002,717 PART IX, LINE 3 -$201,010 CHANGE IN ACCRUAL $5,956 RF FUNDED PROGRAMS PER AUDITED FINANCIAL STATEMENTS $807,663 Part III - Statement of program accomplishments LINE 4D 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 FACUTLY, STAFF, AND STUDENTS. (EXPENSES $2,128,796; REVENUE $1,068,130) PART V- STATEMENTS REGARDING OTHER IRS FILINGS AND TAX COMPLIANCE LINE 2A PER IRC SECTION 3121, IF TWO OR MORE RELATED CORPORATIONS CONCURRENTLY EMPLOY THE SAME INDIVIDUAL AND COMPENSATE SUCH INDIVIDUAL THROUGH A COMMON PAYMASTER EACH CORPORATION SHALL BE CONSIDERED TO HAVE PAID AS REMUNERATION TO SUCH INDIVIDUAL ONLY THE AMOUNTS ACTUALLY DISBURSED. Part VI - Governance, Management and Disclosure SECTION B, LINE 11A FORM 990 IS REVIEWED BY THE PRESIDENT AND CFO. The CFO resolves any issues or questions with the independent accounting firm that prepares the forms. UPON THE APPROVAL OF THE PRESIDENT AND CFO, THE RETURN IS PROVIDED TO THE BOARD FOR FINAL APPROVAL BEFORE THE RETURN IS FILED WITH THE IRS. Distribution to all board members may be in the form of electronic mail, notification of a link to a website or actual mailing of the document. SECTION B, LINE 12C THE BOARD OF DIRECTORS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY ANNUALLY. ANY KNOWN OR POTENTIAL CONFLICTS ARE DISCUSSED AND RESOLVED WITH THE CHAIRMAN OF THE BOARD. SECTION B, LINE 15 ALL SALARIES ARE IN A PAYBAND BASED ON POSITION LEVEL. THE CFO HAS AN ANNUAL WRITTEN CONTRACT WITH FSU. THE ORIGINAL SALARY WAS SET BY THE PRESIDENT OF FSU RESEARCH FOUNDATION, AND THE ASSOCIATE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION FOR FSU. SUBSEQUENT TO THAT, THERE IS AN ANNUAL REVIEW. SALARY INCREASES ARE PROVIDED WHEN THE STATE GIVES RAISES, AND WHEN APPROVED BY THE PRESIDENT. THE MOST RECENT COMPENSATION COMPARISON WAS CONDUCTED IN 2012. SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS, BYLAWS AND ARTICLES OF INCORPORATION ARE AVAILABLE ON THE WEBSITE. OTHER GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. PART IX - STATEMENT OF FUNCTIONAL EXPENSES CONTRIBUTIONS TO FSU INCLUDE EXPENSES REPORTED ON PART IX, LINE 24B OF $815,191. THE TOTAL CONTRIBUTIONS TO FSU ARE RECORDED ON PART III, LINE 4C IN THE AMOUNT OF $815,191. PART XI- RECONCILIATION OF NET ASSETS LINE 9 CHANGE IN ANNUITY VALUE: -$54,644 Florida State University 600 W College Avenue Tallahassee FL 32306 591961248 Education FL 501(C)(3) 2 NA false false true false false false false false false false true true false false true false true true true false