2026-04-09T20:42:33+00:00 2025-06-30 350921680 CROWE LLP 401 East Las Olas Blvd Suite 1100 Fort Lauderdale FL 333014230 990 2024-07-01 593211153 FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC FLOR 8506448650 2000 LEVY AVE 351 TALLAHASSEE FL 323105792 STACEY PATTERSON PRESIDENT 2026-04-10 true true Brittney Kocaj P01320603 9542028600 2026-04-10 2024 2025-03-06 01:10:19Z FSU Research Foundation Stacey Patterson 2000 LEVY AVE 351 TALLAHASSEE FL 323105792 48153757 false X www.reserach.fsu.edu X 1993 FL TO PROMOTE, ENCOURAGE, AND ASSIST THE RESEARCH AND TRAINING IN ACTIVITIES OF FACULTY, STAFF, AND STUDENTS OF FLORIDA STATE UNIVERSITY (FSU) THROUGH INCOME FROM CONTRACTS, GRANTS, AND OTHER SOURCES. 9 3 0 3 0 0 0 15496932 17477864 3114628 6390527 345507 384145 18957067 24252536 42339504 30282071 0 0 958973 1001116 0 0 0 7537837 7353419 50836314 38636606 -31879247 -14384070 224086083 218801229 66841634 64598051 157244449 154203178 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. false false 30282071 30282071 13979043 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. 1658178 3498821 THE RESEARCH FOUNDATION OPERATES SEVEN BUILDINGS WITH THE OBJECTIVE OF PROVIDING RESEARCH FACILITIES FOR FLORIDA STATE UNIVERSITY TENANTS TO PERFORM RESEARCH. 1366876 381932 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. 33307125 true false false false false false false false false false true false false true true true true true false false false false false false false false false true false true true false false false false false false false false false false false false false false false true false false false false true 84 0 true 0 false false false false false false false false false false false false X 9 3 false false false false false true true true true false false false true true true true true true false false false false X JENNY BUCIOR 8506459848 2000 LEVY AVENUE BLDG A SUITE 351 TALLAHASSEE FL 32310 STACEY PATTERSON FSU VP FOR RESEARCH, FSURF PRESIDENT 10.0 40.0 X X 0 484232 140265 DR JAMES CLARK FSU PROVOST 1.0 40.0 X 0 571167 60755 DR SAM HUCKABA FSU DEAN OF ARTS & SCIENCES 1.0 40.0 X 0 392944 62709 JOSEPH W LANDERS DIRECTOR 1.0 0.0 X 0 0 0 KAY STEPHENSON DIRECTOR 1.0 0.0 X 0 0 0 KYLE CLARK FSU VP FOR FINANCE & ADMINISTRATION 1.0 40.0 X 0 573511 59089 RICARDO SCHNEIDER DIRECTOR 1.0 0.0 X 0 0 0 RICHARD MCCULLOUGH FSU PRESIDENT & CHAIR 1.0 40.0 X 0 1558470 136117 VALERIE MCDEVITT FSU AVP, FSU Strategic Partnerships and Innovation (BEGAN JUL. 2024) 1.0 40.0 X 0 296689 121898 HEATHER CAVE EXECUTIVE DIRECTOR 40.0 0.0 X 0 105571 33264 KELLY STARKE SECRETARY 5.0 40.0 X 0 83434 35988 KERRY PELUSO TREASURER 5.0 40.0 X 0 254853 113228 GARY K OSTRANDER FORMER PRESIDENT 0.0 40.0 X 0 371446 58365 MARK RILEY FORMER INTERIM PRESIDENT 0.0 40.0 X 0 234803 49213 0 4927120 870891 0 true true false John A Hopkins 11230 Hatteras Drive Knoxville TN 37934 Contractual Services 222000 Eversheds Sutherland (US) LLP 999 Peachtree St NE STE 2300 Atlanta GA 30309 Legal-Patent and Copyright 203914 Meunier Carlin & Curfman LLC 999 PEACHTREE ST NE STE 1300 Atlanta GA 30309 Legal-Patent and Copyright 172970 Van Scoyoc Associates 800 Maine Avenue SW Suite 800 Washington DC 20024 Contractual Services 156000 American Defense International Inc 1101 K Street NW Suite 850 Washington DC 20005 Contractual Services 150000 7 0 CONTRACT RESEARCH REVENUE 900099 13979043 13979043 RENTAL REVENUE 532000 3498821 3498821 0 0 0 0 17477864 381932 381932 0 0 30291748 23901221 6390527 0 6390527 6390527 MISCELLANEOUS REVENUE 900099 2213 2213 0 0 0 0 2213 24252536 17859796 0 6392740 30282071 30282071 141450 141450 859666 859666 35125 35125 3337055 3337055 0 0 0 0 278102 278102 425831 425831 956185 956185 1232347 1232347 PATENT & LICENSING COST 1084350 1084350 MISCELLANEOUS EXPENSES 4424 4424 0 0 0 0 38636606 33307125 5329481 0 46773224 48718371 1301202 1893679 608558 1270482 0 0 0 15255196 4000000 94020 147959 2822385 203565 2618820 2618820 1313515 158600 0 10791037 9558690 145330511 150434628 224086083 218801229 256492 251129 11848378 12260370 5865731 5104912 0 38095000 35335000 10776033 11646640 66841634 64598051 X 149842974 147130580 7401475 7072598 157244449 154203178 224086083 218801229 X -14384070 11221037 121762 X false true true false X X 1 FLORIDA STATE UNIVERSITY 591961248 2 true 30282071 3025054 1 30282071 3025054 true false false false false false false false false false false false false false false true false 2618820 2618820 123907 123907 0 79658 79658 0 2618820 DEPPOSIT HELD WITH FLORIDA STATE UNIVERSITY 700854 INVESTMENTS HELD BY FSU FOUNDATION 149417526 LICENSE FEES & ROYALTIES RECEIVABLE 316248 150434628 Federal Income Taxes DUE TO FLORIDA STATE UNIVERSITY 9688737 GIFT ANNUITY OBLIGATION Royalty Allocation PAYABLE 262250 DEPARTMENTAL ROYALTY ALLOCATIONS 1695653 11646640 X 35595335 11221037 121762 11342799 24252536 0 0 24252536 38636606 0 0 38636606 0 0 38636606 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote Pursuant to a determination letter received from the Internal Revenue Service, the Research Foundation is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code, and as such is liable for tax only on business income unrelated to the purpose for which it is exempt. No provision for income tax expense or liability has been made in either year presented. There are currently no Internal Revenue Service audits in progress for any tax periods, and no significant nonfederal tax jurisdictions. The Research Foundation's income tax returns for the past three years remain subject to examination. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 CHANGE IN ANNUITY VALUE - 121762 true FLORIDA STATE UNIVERSITY 600 W COLLEGE AVENUE TALLAHASSEE FL 32306 591961248 501(c)(3) 30282071 RESEARCH 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION HAS AN INTERNAL GRANTS DEPARTMENT THAT REVIEWS THE CONTRACTS AND GRANTS FOR COMPLIANCE WITH THE ORGANIZATION'S POLICIES AND PROCEDURES AND SPONSOR GUIDELINES. false false false false false false false STACEY PATTERSON FSU VP FOR RESEARCH, FSURF PRESIDENT 0 454232 0 30000 0 0 0 117884 0 22381 0 624497 0 0 RICHARD MCCULLOUGH FSU PRESIDENT & CHAIR 0 1028639 0 320000 0 209831 0 103466 0 32651 0 1694587 0 0 DR JAMES CLARK FSU PROVOST 0 551167 0 20000 0 0 0 34118 0 26637 0 631922 0 0 KYLE CLARK FSU VP FOR FINANCE & ADMINISTRATION 0 514811 0 50000 0 8700 0 35384 0 23705 0 632600 0 0 DR SAM HUCKABA FSU DEAN OF ARTS & SCIENCES 0 392944 0 0 0 0 0 39510 0 23199 0 455653 0 0 VALERIE MCDEVITT FSU AVP, FSU Strategic Partnerships and Innovation (BEGAN JUL. 2024) 0 257689 0 0 0 39000 0 93382 0 28516 0 418587 0 0 GARY K OSTRANDER FORMER PRESIDENT 0 371446 0 0 0 0 0 33421 0 24944 0 429811 0 0 MARK RILEY FORMER INTERIM PRESIDENT 0 234803 0 0 0 0 0 23964 0 25249 0 284016 0 0 KERRY PELUSO TREASURER 0 254853 0 0 0 0 0 88889 0 24339 0 368081 0 0 Schedule J, Part I, Line 3 Establishing compensation of the organization's President Compensation is reviewed and set by the President of Florida State University, a related organization, or designee, in accordance with the University's policies. These policies require that comparable data be used to determine that compensation is fair and competitive when compared to similar roles in other Foundations nationally. A State of Florida 593211153 2013-01-01 11920000 Research false false false A 6815088 11920000 11920000 2013 true false true true A false false false false true true 0 0.0261 0.0261 false false 0 false false A false false true false false false 0 false false false 0 false false false A false Form 990, Part I, Line 5 and Part V, Lines 2A and 2B All employees of the Florida State University Research Foundation are employees of Florida State University, a related organization. During calendar year 2024 there were 10 employees primarily dedicated to working for the Florida State University Research Foundation. Form 990, Part VI, Line 15 PROCESS TO ESTABLISH COMPENSATION Compensation is reviewed and set by the President of Florida State University, a related organization, or designee, in accordance with the University's policies. These policies require that comparable data be used to determine that compensation is fair and competitive when compared to similar roles in other Foundations nationally. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE BOARD OF DIRECTORS SHALL CONSIST OF UP TO NINE VOTING MEMBERS. THE PRESIDENT OF THE FLORIDA STATE UNIVERSITY, THE PROVOST/VICE PRESIDENT FOR ACADEMIC AFFAIRS, THE VICE PRESIDENT FOR RESEARCH, THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION, AND THE DEAN OF ARTS & SCIENCES SHALL BE MEMBERS OF THE BOARD OF DIRECTORS. THE SIXTH MEMBER SHALL BE APPOINTED BY THE CHAIRMAN OF THE UNIVERSITY BOARD OF TRUSTEES. THE REMAINING MEMBERS OF THE BOARD OF DIRECTORS SHALL BE APPOINTED BY THE PRESIDENT OF THE FLORIDA STATE UNIVERSITY. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders Per the Florida excellence in higher education act of 2018, signed into law on March 11, 2018, the University Board of Trustees shall approve Board appointments to the Florida State University Research Foundation. The annual budget and any amendments to the Research Foundation's Bylaws are also subject to the approval of the University Board of Trustees. Form 990, Part VI, Line 11b Review of form 990 by governing body FORM 990 IS REVIEWED BY THE DIRECTOR AND ASSISTANT DIRECTOR. ANY ISSUES OR QUESTIONS ARE RESOLVED WITH THE INDEPENDENT ACCOUNTING FIRM THAT PREPARES THE FORMS. UPON THE APPROVAL OF DIRECTOR, THE RETURN IS PROVIDED TO THE BOARD 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. Form 990, Part VI, Line 12c Conflict of interest policy Annually, all directors are required to complete and sign a Conflict of Interest Form. The Research Foundation's secretary monitors the process to ensure that completed forms are returned by all members, with individual follow-up when necessary. Copies of all forms are retained. The Board Chair is informed of any existing conflicts to ensure that affected directors recuse themselves from discussions and any actions, including votes, involving a conflict of interest. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S FINANCIAL STATEMENTS, BYLAWS AND ARTICLES OF INCORPORATION ARE AVAIALBLE ON THE WEBSITE. OTHER GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VII, Section A, Line 2 Number of employees >$100,000 DURING CALENDAR YEAR 2024, THERE WAS 1 EMPLOYEE OF THE FLORIDA STATE UNIVERSITY, A RELATED ORGANIZATION, PRIMARILY DEDICATED TO WORKING FOR THE RESEARCH FOUNDATION WHO RECEIVED MORE THAN $100,000 OF REPORTABLE COMPENSATION. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN ANNUITY VALUE - 121762; Total - 121762; FLORIDA STATE UNIVERSITY 282 CHAMPION WAY UCA 2200 TALLAHASSEE FL 32306 591961248 EDUCATION FL 501(c)(3) 2 false FLORIDA STATE UNIVERSITY ALUMNI ASSOCIATION INC 1030 W TENNESSEE STREET TALLAHASSEE FL 32304 590705420 DIRECT SUPPORT ORGANIZATION FL 501(c)(3) 7 FLORIDA STATE UNIVERSITY false FLORIDA STATE UNIVERSITY REAL ESTATE FOUNDATION INC 200 W COLLEGE AVENUE TALLAHASSEE FL 32301 452337977 DIRECT SUPPORT ORGANIZATION FL 501(c)(3) Type I FLORIDA STATE UNIVERSITY false Florida State University Foundation Inc 325 W College Ave TALLAHASSEE FL 32301 596152180 DIRECT SUPPORT ORGANIZATION FL 501(c)(3) 5 FLORIDA STATE UNIVERSITY false SEMINOLE BOOSTERS INC PO BOX 1353 TALLAHASSEE FL 323021353 591561180 DIRECT SUPPORT ORGANIZATION FL 501(c)(3) 7 FLORIDA STATE UNIVERSITY false FLORIDA STATE UNIVERSITY INTERNATIONAL PROGRAMS ASSOC INC PO BOX 3062420 TALLAHASSEE FL 323062420 593153341 DIRECT SUPPORT ORGANIZATION FL 501(c)(3) Type I FLORIDA STATE UNIVERSITY false FLORIDA STATE UNIVERSITY SCHOOLS INC 3000 SCHOOL HOUSE ROAD TALLAHASSEE FL 32311 593726188 DIRECT SUPPORT ORGANIZATION FL 501(c)(3) 2 FLORIDA STATE UNIVERSITY false THE JOHN AND MABLE RINGLING MUSEUM OF ART FOUNDATION INC 5401 BAY SHORE ROAD SARASOTA FL 34243 596214423 DIRECT SUPPORT ORGANIZATION FL 501(c)(3) Type I FLORIDA STATE UNIVERSITY false FLORIDA MEDICAL PRACTICE PLAN INC 1115 WEST CALL STREET TALLAHASSEE FL 323064300 571234883 DIRECT SUPPORT ORGANIZATION FL 501(c)(3) Type I FLORIDA STATE UNIVERSITY false FLORIDA STATE UNIVERSITY MAGNET RESEARCH AND DEVELOPMENT INC 109 WESTCOTT BUILDING TALLAHASSEE FL 323061330 134356799 DIRECT SUPPORT ORGANIZATION FL 501(c)(3) Type I FLORIDA STATE UNIVERSITY false FSU COLLEGE OF BUSINESS STUDENT INVESTMENT FUND 821 ACADEMIC WAY 509 RBA TALLAHASSEE FL 323061110 264028305 DIRECT SUPPORT ORGANIZATION FL 501(c)(3) 5 FLORIDA STATE UNIVERSITY false FLORIDA STATE UNIVERSITY ATHLETICS ASSOCIATION INC 403 STADIUM DRIVE WEST TALLAHASSEE FL 32306 813227626 DIRECT SUPPORT ORGANIZATION FL 501(c)(3) Type I FLORIDA STATE UNIVERSITY false BOSWORTH EDUC FDFLORIDA TW 4900 TIEDEMAN ROAD OH-01-49-0381 BROOKLYN OH 44144 346776855 Nonexempt charitable trust OH 4947 (a)(1) FSU Foundation true FLORIDA STATE UNIVERSITY PANAMA CITY DEVELOPMENTAL LABORATORY CHARTER SCHOO L INC 2430 ST ANDREWS BLVD PANAMA CITY FL 32405 320783410 DIRECT SUPPORT ORGANIZATION FL 501(c)(3) 2 FLORIDA STATE UNIVERSITY false false true false true true false false false false true true false false true true true true false true