UNIVERSITY OF SOUTH FLORIDA RESEARCH FOUNDATION INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF SOUTH FLORIDA RESEARCH FOUNDATION INC (EIN 59-2959590)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-14
- IRS object ID
- 201231359349303623
- Schema version
- 2010v3.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-14T13:12:27-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Grant Thornton LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 South Orange Avenue Suite 2050 | AddressLine1 |
| City | Orlando | City |
| State | FL | State |
| ZIP Code | 32801 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 592959590 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF SOUTH FLORIDA RESEARCH | BusinessNameLine1 |
| Business Name Line2 | FOUNDATION INC | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | UNIV | NameControl |
| Phone | 8139741082 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3802 SPECTRUM BOULEVARD | AddressLine1 |
| City | TAMPA | City |
| State | FL | State |
| ZIP Code | 33612 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DR PAUL R SANBERG | Name |
| Title | President | Title |
| Phone | 8139745095 | Phone |
| Date Signed | 2012-05-14 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Dawn M Olivardia | Name |
| Phone | 4074815100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DR PAUL R SANBERG | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3702 SPECTRUM BLVD SUITE 175 | AddressLine1 |
| City | TAMPA | City |
| State | FL | State |
| ZIP Code | 33612 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 11231687 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1989 | YearFormation |
| State Legal Domicile | FL | StateLegalDomicile |
| Activity Or Mission Description | To promote, encourage and enhance research activities at the University of South Florida. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 4 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Gross UBI | 1646 | TotalGrossUBI |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 26744645 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 11182356 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -238520 | InvestmentIncomePriorYear |
| Investment Income Current Year | 49331 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 26506125 | TotalRevenuePriorYear |
| Total Revenue Current Year | 11231687 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1003015 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1165089 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 19251883 | OtherExpensePriorYear |
| Other Expenses Current Year | 8641149 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 20254898 | TotalExpensesPriorYear |
| Total Expenses Current Year | 9806238 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 6251227 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1425449 | RevenuesLessExpensesCY |
| Total Assets BOY | 90188164 | TotalAssetsBOY |
| Total Assets EOY | 90230074 | TotalAssetsEOY |
| Total Liabilities BOY | 60632538 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 56843283 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 29555626 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 33386791 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | To promote, encourage and enhance research activities at the University of South Florida. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 634415 | Expense |
| Revenue | 1055473 | Revenue |
| Description | The Research Foundation receives and administers certain basic research and clinical trial contracts and grants sponsored by the private sector and foundations. The performance of those grants is performed by university faculty, staff and students. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 790360 | Expense |
| Revenue | 1317531 | Revenue |
| Description | The Research Foundation provides a means by which discoveries, inventions, processes and work products of USF faculty, staff and students can be transferred from the university laboratory to benefit the public. Income is allocated in accordance with USF policy on inventions and works to inventors and their research support funds, and for direct support of research at the university. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 5938363 | Expense |
| Revenue | 7499934 | Revenue |
| Description | The Research Foundation assists in developing high-technology businesses and research partnerships that boost the economy and create high-paying jobs in the tampa bay area by developing its USF Research Park of Tampa Bay into a hub for biotechnology and life sciences research and entrepreneurship. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1331252 | Expense |
| Revenue | 1309418 | Revenue |
| Description | Tampa Bay Technology Incubator | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 1331252 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Rev | 1309418 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 8694390 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | true | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | true | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 44 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Form8899 Filed | false | Form8899Filed |
| Form1098 C Filed | false | Form1098CFiled |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 4 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | true | InvestmentInJointVenture |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedure |
| Own Website | X | OwnWebsite |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | DR PAUL R SANBERG | NamePerson |
| Telephone Number | 8139741082 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3802 SPECTRUM BLVD STE 100 | AddressLine1 |
| City | TAMPA | City |
| State | FL | State |
| ZIP Code | 33612 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (11 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | FormerFormer |
|---|---|---|---|---|---|---|---|
| Rodney Casto | |||||||
| Exec. Director & Secretary | 20.0 | X | X | 0 | 213713 | 76470 | |
| Robert Forsythe | |||||||
| Director | 1.0 | X | 0 | 283889 | 51869 | ||
| Karen Holbrook | |||||||
| Director & President | 10.0 | X | X | 0 | 329654 | 55697 | |
| Stephen Klasko | |||||||
| Director | 1.0 | X | 0 | 509496 | 68769 | ||
| Ralph Wilcox | |||||||
| Director | 1.0 | X | 0 | 342867 | 40762 | ||
| Nick Trivunovich | |||||||
| Director & Treasurer | 5.0 | X | X | 0 | 172185 | 32502 | |
| Charles R Baumann | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Bruce Register | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Harry Venezia | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| George Morgan | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Dennis Killinger | |||||||
| Director | 1.0 | 0 | 150993 | 34927 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 2002797 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 360996 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Carter Associates Services LLC | |||||
| 171 - 17th St Suite 1200 | ATLANTA | GA | 30363 | Project Manager | 5195146 |
| James Pirius | |||||
| 7910 West Boulevard Drive | ALEXANDRIA | VA | 223081002 | Lobbyist | 261300 |
| Whiting-Turner Contracting Co | |||||
| 5405 W Cypress St Suite 109 | TAMPA | FL | 33607 | Project Manager | 886575 |
| Master Maintenance Inc | |||||
| 4408 W South Avenue | TAMPA | FL | 33614 | Cleaning Janitorial | 225046 |
| The Davey Tree Experts | |||||
| PO Box 94532 | CLEVELAND | OH | 44101 | LANDSCAPING | 141279 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
| Total Contributions | 0 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|
| LICENSES AND OPTION FEES | 1317531 | 1317531 |
| CONTRACTS AND GRANTS | 634415 | 634415 |
| ADMINISTRATIVE FEES | 421058 | 421058 |
| EDS - CONTRACTS AND GRANTS | 556695 | 556695 |
| OTHER PROPERTY RENTAL REVENUES | 6943239 | 6943239 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1309418 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1307772 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1646 | UnrelatedBusinessRevenue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 11182356 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 49331 | TotalRevenueColumn |
| Related Or Exempt Function Income | 582 | RelatedOrExemptFunctionIncome |
| Exclusion | $48,749 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 11231687 | TotalRevenueColumn |
| Related Or Exempt Function Income | 11181292 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1646 | UnrelatedBusinessRevenue |
| Exclusion | $48,749 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 108374 | Total |
| Program Services | 65660 | ProgramServices |
| Management And General | 42714 | ManagementAndGeneral |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 802218 | Total |
| Program Services | 370402 | ProgramServices |
| Management And General | 431816 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 82939 | Total |
| Program Services | 35775 | ProgramServices |
| Management And General | 47164 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 115075 | Total |
| Program Services | 45327 | ProgramServices |
| Management And General | 69748 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 56483 | Total |
| Program Services | 23497 | ProgramServices |
| Management And General | 32986 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1556 | Total |
| Program Services | 996 | ProgramServices |
| Management And General | 560 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 91857 | Total |
| Management And General | 91857 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 261300 | Total |
| Management And General | 261300 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18837 | Total |
| Program Services | 905 | ProgramServices |
| Management And General | 17932 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8028 | Total |
| Program Services | 5015 | ProgramServices |
| Management And General | 3013 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 645639 | Total |
| Program Services | 645639 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1673343 | Total |
| Program Services | 1673343 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40038 | Total |
| Program Services | 17268 | ProgramServices |
| Management And General | 22770 | ManagementAndGeneral |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1832592 | Total |
| Program Services | 1832592 | ProgramServices |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2073261 | Total |
| Program Services | 2072960 | ProgramServices |
| Management And General | 301 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 272271 | Total |
| Program Services | 253513 | ProgramServices |
| Management And General | 18758 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| REAL ESTATE TAXES | 146253 | 146253 | |
| REPAIRS AND MAINTENANCE | 946844 | 932328 | 14516 |
| UNIVERSITY SUPPORT | 80431 | 80431 | |
| BANK SERVICE FEES | 7000 | 7000 | |
| PATENT COSTS & LICENSING EXP | 59418 | 59418 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 482481 | Total |
| Program Services | 433068 | ProgramServices |
| Management And General | 49413 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9806238 | Total |
| Program Services | 8694390 | ProgramServices |
| Management And General | 1111848 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5602282 | BOY |
| EOY | 3888437 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 945404 | BOY |
| EOY | 606042 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 152396 | BOY |
| EOY | 181469 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 58714979 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 9388909 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 47288960 | BOY |
| EOY | 49326070 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25425901 | BOY |
| EOY | 25608931 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1916827 | BOY |
| EOY | 1588185 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8152447 | BOY |
| EOY | 8036535 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 703947 | BOY |
| EOY | 994405 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 90188164 | BOY |
| EOY | 90230074 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4121217 | BOY |
| EOY | 2571553 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 1579084 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26655000 | BOY |
| EOY | 26055000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29856321 | BOY |
| EOY | 26637646 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 60632538 | BOY |
| EOY | 56843283 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29555626 | BOY |
| EOY | 33386791 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29555626 | BOY |
| EOY | 33386791 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 90188164 | BOY |
| EOY | 90230074 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1425449 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 2405716 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Support Org170b1 Aiv | X | CollegeSupportOrg170b1Aiv |
| Contrib By Controlling Individual | false | ContribByControllingIndividual |
| Contribution By Related Party | false | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | false | ContribBy35ControlledEntity |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3531223 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2753312 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 10167664 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 26744645 | CurrentTaxYearMinus1Year |
| Current Tax Year | 11182356 | CurrentTaxYear |
| Total | 54379200 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3531223 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2753312 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 10167664 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 26744645 | CurrentTaxYearMinus1Year |
| Current Tax Year | 11182356 | CurrentTaxYear |
| Total | 54379200 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 54379200 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2334923 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 369413 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 25422 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1480 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2455047 | CurrentTaxYear |
| Total | 5186285 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 600000 | CurrentTaxYearMinus4Years |
| Total | 600000 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 60165485 | TotalSupport |
| Public Support Pertcentage170 | 0.90383 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.78280 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| General Explanation | ADJUSTMENTS WERE MADE TO LINE 1 FOR ALL PREVIOUS YEARS TO INCLUDE RENTAL INCOME AND GRANTS THAT WERE ORIGINALLY INCLUDED ON SCHEDULE A, PART II, LINE 10. | GeneralExplanation |
| General Explanation | ADJUSTMENTS WERE MADE TO LINE 8 FOR PREVIOUS YEARS TO INVESTMENT INCOME. | GeneralExplanation |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | false | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | false | DirectContactLegislators |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | true | OtherActivities |
| Other Activities | $261,300 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 261300 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part II-B, line 1i | Identifier |
| Return Reference | Schedule C | ReturnReference |
| Explanation | MR. PIRIUS WORKS WITH THE LEADERSHIP, DEANS AND FACULTY AT THE UNIVERSITY OF SOUTH FLORIDA TO HELP THEM ENGAGE WITH MEMBERS OF OUR CONGRESSIONAL DELEGATION IN WASHINGTON, D.C. MR. PIRIUS IS WELL INFORMED ABOUT LOBBYING AND THE PRIORITIES OF OUR FACULTY AND IS EQUALLY AWARE OF HOW THAT EXPERTISE WIL BENEFIT THE DECISIONS OF OUR LEGISLATORS. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 8739632 | OtherCostOrOtherBasis |
| Book Value | 8739632 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 46116106 | OtherCostOrOtherBasis |
| Depreciation | 9388909 | Depreciation |
| Book Value | 36727197 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3826741 | OtherCostOrOtherBasis |
| Book Value | 3826741 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 32500 | OtherCostOrOtherBasis |
| Book Value | 32500 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 49326070 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| USF FOUNDATION INVESTMENT | 9734839 | F |
| VANGUARD 0030 PRIME MONEY MARK | 1940654 | F |
| VANGUARD 1349 ST BOND INDEX | 13933438 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 25608931 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| CURRENT REVENUE BONDS PAYABLE | $1,390,000 |
| DUE TO UNIVERSITY OF SOUTH FLORIDA | $8,418,237 |
| INTEREST RATE SWAP LIABILITY | $4,881,532 |
| NON-TAX EXEMPT BONDS | $11,825,000 |
| OTHER | $122,877 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 26637646 | TotalOfAmounts |
| Total Revenue | 11231687 | TotalRevenue |
| Total Expenses | 9806238 | TotalExpenses |
| Excess Or Deficit For Year | 1425449 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 2405716 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 2405716 | TotalAdjustments |
| Excess Or Deficit Per FS | 3831165 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 13637403 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 2405716 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 2405716 | RevenueNotRptdF990 |
| Revenue Subtotal | 11231687 | RevenueSubtotal |
| Total Revenue Per Form990 | 11231687 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 9806238 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 9806238 | ExpensesSubtotal |
| Total Expenses Per Form990 | 9806238 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART X | Identifier |
| Return Reference | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48 | ReturnReference |
| Explanation | The Research Foundation periodically assesses whether it has incurred income tax expense or related interest or penalties in accordance with accounting for uncertain tax positions. No such amounts were recognized in fiscal years 2011 or 2010. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Written Employment Contract | X | WrittenEmploymentContract |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (7 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rodney Casto | |||||||||||||
| 0 | 212863 | 0 | 0 | 0 | 850 | 0 | 40356 | 0 | 36114 | 0 | 290183 | 0 | 0 |
| Robert Forsythe | |||||||||||||
| 0 | 283889 | 0 | 0 | 0 | 0 | 0 | 12329 | 0 | 39540 | 0 | 335758 | 0 | 0 |
| Karen Holbrook | |||||||||||||
| 0 | 328709 | 0 | 0 | 0 | 945 | 0 | 22000 | 0 | 33697 | 0 | 385351 | 0 | 0 |
| Dennis Killinger | |||||||||||||
| 0 | 150993 | 0 | 0 | 0 | 0 | 0 | 0 | 34927 | 0 | 185920 | 0 | 0 | |
| Stephen Klasko | |||||||||||||
| 0 | 374956 | 0 | 125000 | 0 | 9540 | 0 | 27500 | 0 | 41269 | 0 | 578265 | 0 | 0 |
| Ralph Wilcox | |||||||||||||
| 0 | 332128 | 0 | 0 | 0 | 10739 | 0 | 0 | 40762 | 0 | 383629 | 0 | 0 | |
| Nick Trivunovich | |||||||||||||
| 0 | 172185 | 0 | 0 | 0 | 0 | 0 | 0 | 32502 | 0 | 204687 | 0 | 0 | |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | USF RESEARCH FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 592959590 | IssuerEIN |
| Date Issued | 2004-08-24 | DateIssued |
| Issue Price | 18455000 | IssuePrice |
| Description Of Purpose | Finance Construction of Capital | DescriptionOfPurpose |
| Defeased | false | Defeased |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Pool Financing | false | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Proceeds | 18455000 | TotalProceeds |
| Amount In Reserve Fund | 773692 | AmountInReserveFund |
| Issuance Costs From Proceeds | 131185 | IssuanceCostsFromProceeds |
| Capital Expenditures | 18675236 | CapitalExpenditures |
| Year Of Subst Completion | 2005 | YearOfSubstCompletion |
| Current Refunding | false | CurrentRefunding |
| Advance Refunding | false | AdvanceRefunding |
| Final Allocation Made | false | FinalAllocationMade |
| Adequate Books And Recds Maintaind | true | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | false | OwningBondFinancedProperty |
| Any Lease Arrangements | false | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | false | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | true | AnyResearchAgreements |
| Bond Counsel Routinely Engaged | false | BondCounselRoutinelyEngaged |
| Prcntge Prvt Business Use By Others | 0.01170 | PrcntgePrvtBusinessUseByOthers |
| Percentage Of Prvt Business Re UBI | 0.00000 | PercentageOfPrvtBusinessReUBI |
| Total Private Business Use | 0.01170 | TotalPrivateBusinessUse |
| Post Issuance Compliance Procdrs | true | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | false | Form8038TFiled |
| Variable Rate Issue | true | VariableRateIssue |
| Hedge Identified In Books And Recds | true | HedgeIdentifiedInBooksAndRecds |
Name Of Hedge Provider NameOfHedgeProvider
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BANK OF AMERICA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 10. | TermOfHedge |
| Superintegrated Hedge | false | SuperintegratedHedge |
| Hedge Terminated | false | HedgeTerminated |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | true | GrossProceedsInvested |
| Exception To Rebate | false | ExceptionToRebate |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| MEMBERS THAT CAN ELECT MEMBERS OF GOVERNING BODY | PART VI, SECTION A, QUESTION 7A | THE UNIVERSITY OF SOUTH FLORIDA PRESIDENT APPOINTS UP TO 2 FACULTY MEMBERS AND UP TO 10 NON-USF FACULTY MEMBERS TO THE BOARD OF DIRECTORS. ONE MEMBER OF THE BOARD OF DIRECTORS IS A DESIGNEE MEMBER OF THE UNIVERSITY OF SOUTH FLORIDA BOARD OF TRUSTEES. |
| GOVERNING BODY SUBJECT TO MEMBERS | PART VI, SECTION A, QUESTION 7B | THE PROPERTY AFFAIRS, ACTIVITIES AND CONCERNS OF THE RESEARCH FOUNDATION SHALL BE VESTED IN THE BOARD OF DIRECTORS. ALL MANAGEMENT FUNCTIONS SHALL BE EXERCISED BY THE BOARD OF DIRECTORS, SUBJECT TO DELEGATION BY THE BOARD TO THE OFFICERS AND THE EXECUTIVE COMMITTEE. THE PRESIDENT OF THE UNIVERSITY OF SOUTH FLORIDA SHALL HAVE AUTHORITY AND RESPONSIBLITY TO MONITOR AND CONTROL THE USE OF THE UNIVERSITY'S RESOURCES AND NAME IN ACCORDANCE WITH APPLICABLE FLORIDA LAWS AND BOARD OF TRUSTEES AND UNIVERSITY OF SOUTH FLORIDA RULES AND POLICIES. CHANGES TO THE ARTICLES OF INCORPORATION MAY BE MADE BY TWO-THIRDS (2/3RDS) VOTE OF THE BOARD OF DIRECTORS AT ANY MEETING OF THE BOARD, AND IN ALL INSTANCES, WITH THE WRITTEN CONCURRENCE OF THE PRESIDENT OF THE UNIVERSITY. ANY DIRECTOR OR DIRECTORS (EXCEPT FOR THE DIRECTOR APPOINTED BY THE CHAIRMAN OF THE BOARD OF TRUSTEES) MAY BE REMOVED FROM OFFICE BY THE PRESIDENT OF THE UNIVERSITY OF SOUTH FLORIDA. |
| DOCUMENTS AVAILABLE TO THE PUBLIC | PART VI, SECTION C, QUESTION 19 | It is the Research Foundation's policy, upon receipt of a reasonable and specific request in writing, to make public Research Foundation financial information, including expenditures from Research Foundation funds, documentation regarding completed business transactions and information about the investment and management of Research Foundation assets; however, the Research Foundation will not release proprietary information. The financial statements are made available on the USF Research Foundation website. |
| GOVERNANCE, MANAGEMENT, AND DISCLOSURE | PART VI, SECTION B. DISCLOSURE, QUESTION 15A | THE FOUNDATION ADHERES TO AN OUTLINED PHILOSOPHY AND STRATEGY WITH REGARDS TO HOW THEY DETERMINE COMPENSATION FOR THEIR EXECUTIVE DIRECTOR. THE BASIC PRINCIPLES ARE TO ENSURE PAY IS COMPETITIVE, IS ENHANCED FOR THE ACQUISITION AND APPLICATION OF COMPETENCIES/CONTRIBUTIONS VALUED BY USF, AND IS ENHANCED FOR SUCCESSFUL OUTCOMES. |
| GOVERNNANCE, MANAGEMENT, AND DISCLOSURE | PART VI, SECTION A, QUESTION 11 | THE AUDIT COMMITTEE REVIEWS AND RECOMMENDS ACCEPTANCE OF THE FORM 990 PRIOR TO ITS SUBMISSION. |
| GOVERNANCE, MANAGEMENT AND DISCLOSURE | PART VI, SECTION B, QUESTION 12C | THE CONFLICT OF INTEREST POLICY REQUIRES ANNUAL DISCLOSURE, PROVIDES FOR A HEARING PROCESS FOR SUSPECTED VIOLATIONS AND CORRECTIVE OR DISCIPLINARY ACTION SHOULD THAT HEARING PROCESS DETERMINE A VIOLATION. Prior to taking a seat as a Director or a committee member, and annually thereafter as long as such person continues to serve as a Director or committee member, such person shall complete, sign and deliver to the President of the Organization a disclosure statement affirming that such person (A) has received a copy of the Organization's conflicts of interest policy, (B) has read and understands the policy, (C) has agreed to comply with the policy, and (D) understands that the Organization is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. Violations of the Conflicts of Interest Policy. (1) An interested person may have numerous professional and personal affiliations and, undoubtedly, some of them may cross paths with the Organization. If these associations develop into conflicts of interest that become a major obstacle to fulfilling the duty of loyalty, it may be necessary to re-evaluate the Board member's suitability for current Board service. (2) If the Board (or committee) has reasonable cause to believe that an interested person has failed to disclose actual or possible conflicts of interest, it shall inform the interested person of the basis for such belief and afford the interested person an opportunity to explain the alleged failure to disclose. (3) If, after hearing the response of the interested person and making such further investigation as may be warranted in the circumstances, the Board (or committee) determines that the interested person has in fact failed to disclose an actual or possible conflict of interest, it shall take such action as it determines to be appropriate, including corrective and disciplinary action. |
| Reconciliation of Net Assets | Schedule D, Part XI, Line 5 | Change in net assets due to unrealized gains on investments carried at market value: $1,836,127 Change in net assets due to the change in fair value of interest rate swaps: $569,589 |
| GOVERNANCE, MANAGEMENT, AND DISCLOSURE | PART VI, SECTION B. DISCLOSURE, QUESTION 15B | THE USF RESEARCH FOUNDATION DOES NOT HAVE A FORMAL PROCESS FOR DETERMINING COMPENSATION OF OTHER OFFICERS AS IT DOES NOT COMPENSATE ANY OF ITS BOARD MEMBERS, AND THE OFFICERS ARE COMPENSATED THROUGH A RELATED PARTY (THE UNIVERSITY OF SOUTH FLORIDA). |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | EOY AssetsEOYAssets | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|
| CAUSF Office LLC | ||||||||
| 3802 Spectrum Blvd Suite 100 | Tampa | FL | 33612 | 550858821 | Real Estate | FL | 0 | NA |
| CAUSF RESERACH LLC | ||||||||
| 3802 SPECTRUM BLVD SUITE 100 | TAMPA | FL | 33612 | 341982817 | REAL ESTATE | FL | 0 | NA |
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF SOUTH FLORIDA | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4202 E FOWLER AVE | AddressLine1 |
| City | TAMPA | City |
| State | FL | State |
| ZIP Code | 33620 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 593102112 | EIN |
| Primary Activities | EDUCATION | PrimaryActivities |
| Legal Domicile State | FL | LegalDomicileState |
| Exempt Code Section | 170(B) | ExemptCodeSection |
| Public Charity Status | N/A | PublicCharityStatus |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
Form990 Schedule R Part IV Form990ScheduleRPartIV (5 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|
| ULTRASONIC TECHNOLOGIES INC | ||||||||||
| 27247 BREAKERS DRIVE | WESLEY CHAPEL | FL | 33544 | 593460866 | TECHNOLOGY | FL | ULTRASONIC TECH | S CORPORATION | 2667 | 0.10000 |
| Modelithics Inc | ||||||||||
| 3650 Spectrum Blvd Suite 170 | Tampa | FL | 33612 | 593701098 | TECHNOLOGY | FL | Modelithics Inc | S Corporation | 441 | 0.05000 |
| BIOPLEX TECHNOLOGIES INC | ||||||||||
| 755 19TH AVENUE NORTH | ST PETERSBURG | FL | 33704 | 134267231 | TECHNOLOGY | FL | BIOPLEX TECH | S CORPORATION | -1462 | 0.08510 |
| INTELLIGENT MICRO PATTERNING LLC | ||||||||||
| 735 ARLINGTON AVE NORTH STE 204 | ST PETERSBURG | FL | 33701 | 223789879 | TECHNOLOGY | FL | INTELLIGENT | PARTNERSHIP | -426 | 0.02000 |
| VODA LLC | ||||||||||
| 734 19TH AVE N | ST PETERSBURG | FL | 33704 | 208579641 | TECHNOLOGY | FL | VODA LLC | PARTNERSHIP | -736 | 0.05000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | true | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | true | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | true | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (5 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| University of South Florida | |
| c | 700000 |
| University of South Florida | |
| i | 5453889 |
| University of South Florida | |
| n | 910593 |
| University of South Florida | |
| q | 644323 |
| UNIVERSITY OF SOUTH FLORIDA | |
| P | 5744442 |