FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC

EIN 59-3211153 · Education (B110)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $86.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders14 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

137.33%of revenue went to mission work86.2% of expenses · Program services

$159.31spent for every $100 of revenueSpending was higher than revenue this year.

21.97%of revenue went to management and office costs13.8% of expenses

$5.66in assets for every $1 spent this yearSome assets cannot be spent right away.

8.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $14,384,070 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $140,265 for STACEY PATTERSON (FSU VP FOR RESEARCH, FSURF PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$24,252,536

Mission workProgram services$33,307,125137.33% of revenue86.2% of expenses

ManagementOffice and general costs$5,329,48121.97% of revenue13.8% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$38,636,606159.31% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 86.2% mission · 13.8% management · 0.0% fundraisingTotal expenses: 159.31% of revenue

2023Expense mix: 90.2% mission · 9.8% management · 0.0% fundraisingTotal expenses: 268.17% of revenue

2022Expense mix: 81.0% mission · 19.0% management · 0.0% fundraisingTotal expenses: 77.69% of revenue

2021Expense mix: 93.4% mission · 6.6% management · 0.0% fundraisingTotal expenses: 52.77% of revenue

2020Expense mix: 93.3% mission · 6.7% management · 0.0% fundraisingTotal expenses: 54.54% of revenue

2019Expense mix: 94.5% mission · 5.5% management · 0.0% fundraisingTotal expenses: 73.32% of revenue

2018Expense mix: 95.1% mission · 4.9% management · 0.0% fundraisingTotal expenses: 73.56% of revenue

2017Expense mix: 93.5% mission · 6.5% management · 0.0% fundraisingTotal expenses: 29.73% of revenue

Money in and money out

Revenue$24,252,536

Expenses$38,636,606

Annual shortfall $14,384,070 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$33,307,125 · 86.2% of expenses

Management and office costs$5,329,481 · 13.8% of expenses

See all reported dollar amounts

Revenue$24,252,536

Expenses$38,636,606

Assets$218,801,229

Income$48,153,757

Contributions$2,168,861

Mission work (program services)$33,307,125

Grants given$128,739,666

Average grant$16,092,458

Management and general$5,329,481

Accounting fees$35,125

Investing fees$3,337,055

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

STACEY PATTERSONFSU VP FOR RESEARCH, FSURF PRESIDENT · 10 hrs/week $140,265Base · Other $140,265

RICHARD MCCULLOUGHFSU PRESIDENT & CHAIR · 1 hrs/week $136,117Base · Other $136,117

VALERIE MCDEVITTFSU AVP, FSU STRATEGIC PARTNERSHIPS AND INNOVATION · 1 hrs/week $121,898Base · Other $121,898

KERRY PELUSOTREASURER · 5 hrs/week $113,228Base · Other $113,228

DR SAM HUCKABAFSU DEAN OF ARTS & SCIENCES · 1 hrs/week $62,709Base · Other $62,709

DR JAMES CLARKFSU PROVOST · 1 hrs/week $60,755Base · Other $60,755

KYLE CLARKFSU VP FOR FINANCE & ADMINISTRATION · 1 hrs/week $59,089Base · Other $59,089

GARY K OSTRANDERFORMER PRESIDENT $58,365Base · Other $58,365

MARK RILEYFORMER INTERIM PRESIDENT $49,213Base · Other $49,213

KELLY STARKESECRETARY · 5 hrs/week $35,988Base · Other $35,988

HEATHER CAVEEXECUTIVE DIRECTOR · 40 hrs/week $33,264Base · Other $33,264

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (14)

STACEY PATTERSONFSU VP FOR RESEARCH, FSURF PRESIDENT

RICHARD MCCULLOUGHFSU PRESIDENT & CHAIR

VALERIE MCDEVITTFSU AVP, FSU STRATEGIC PARTNERSHIPS AND INNOVATION

KERRY PELUSOTREASURER

DR SAM HUCKABAFSU DEAN OF ARTS & SCIENCES

DR JAMES CLARKFSU PROVOST

KYLE CLARKFSU VP FOR FINANCE & ADMINISTRATION

GARY K OSTRANDERFORMER PRESIDENT

MARK RILEYFORMER INTERIM PRESIDENT

KELLY STARKESECRETARY

HEATHER CAVEEXECUTIVE DIRECTOR

JOSEPH W LANDERSDIRECTOR

KAY STEPHENSONDIRECTOR

RICARDO SCHNEIDERDIRECTOR

About this charity

Recognized since: January 1995
Location: 2000 LEVY AVE STE 351, TALLAHASSEE, FL 32310-5792
County: Leon
In care of: % HOLLY NEWELL
Primary officer: STACEY PATTERSON, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailresearch@magnet.fsu.edu Phone(850) 644-8650

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CROWE LLP
NTEE classification: Education (B110)
Grant-giving organization: Yes