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Florida · Nonprofit

FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC

FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC (Florida) receives grants from 82 organizations whose IRS filings report $27,585,708 to it, the largest being Silicon Valley Community Foundation ($6,000,000). 28 of them have funded it in more than one year.

Revenue FY2025
$24M
Funders on record
82
Grants received
$28M
Net assets
$154M
28/82 repeat funderspeak grant-dependency 42%
01What it does

What Florida State University Research Foundation Inc does

Mission

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.

As stated on its FY2025 Form 990.

Programs

  1. 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.

    $30,282,071 spentof which $30,282,071 as grants$13,979,043 earned by the program
    91% of program spending
  2. The research foundation operates seven buildings with the objective of providing research facilities for florida state university tenants to perform research.

    $1,658,178 spent$3,498,821 earned by the program
    5% of program spending
  3. 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.

    $1,366,876 spent$381,932 earned by the program
    4% of program spending

The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $33,307,125.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($20M) Expenses 100 ($15M) Net assets 100 ($128M)2018 Revenue 238 ($48M) Expenses 93 ($14M) Net assets 109 ($140M)2019 Revenue 107 ($22M) Expenses 104 ($16M) Net assets 114 ($147M)2020 Revenue 108 ($22M) Expenses 105 ($16M) Net assets 119 ($153M)2021 Revenue 119 ($24M) Expenses 86 ($13M) Net assets 142 ($182M)2022 Revenue 140 ($28M) Expenses 97 ($15M) Net assets 131 ($168M)2023 Revenue 120 ($24M) Expenses 124 ($19M) Net assets 138 ($178M)2024 Revenue 94 ($19M) Expenses 334 ($51M) Net assets 122 ($157M)2025 Revenue 121 ($24M) Expenses 254 ($39M) Net assets 120 ($154M)
'17'18'19'20'21'22'23'24'25
Revenue (121)Expenses (254)Net assets (120)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $210M to $238M (+13%).

$159M
$169M
$179M
$182M
$210M
$238M
$245M
$224M
$219M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

0% of FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (23% for the typical peer).

This organization
Typical peer · 4,254 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.

$4.9M
’17
$34M
’18
$5.7M
’19
$5.8M
’20
$11M
’21
$13M
’22
$5.4M
’23
−$32M
’24
−$14M
’25
15
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Heather Cave

Executive director

Board chair

Richard Mccullough

Fsu president & chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed161716161616151414
Joined·+1+0+0+1+3+3+1+1
No longer listed·01013421
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 15 funders to 26 funders, grant income rose $2.2M → $10M.

7 of 82 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 23% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $1.7M from one payer (the payer shares this organization's board, largest The Florida State University Foundation Inc). These are real filings, and they are not money FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC raised.

From the IRS filings of FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC’s funders (the co-funder graph). Top 30 of 82 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC has a broad base — no single funder exceeds 22% of grant income, and it takes 4 funders to reach half.

the vertical line marks half of all grant income — 4 funders to its left

52% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC.

22%
largest funder
48%
top three
~10
effective funders

Largest funder’s share by year: 2017 77% · 2018 28% · 2019 19% · 2020 50% · 2021 35% · 2022 30% · 2023 59% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

12% of FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC's funders are still giving 3 years after their first grant; 34% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC draws 98% of its grant income from funders outside Florida, across 25 states in all.

WA
MN
IL
WI
NY
MA
OR
IN
PA
NJ
CT
CA
CO
MO
VA
MD
DE
AZ
NM
TN
NC
DC
GA
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Florida out of state home

Funder states come from each funder’s own filing. $6.4M arriving through sponsors registered in 5 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC holds deeper cash reserves than three-quarters of the 3,794 education nonprofits its size.

Operating margin−59% · bottom quartile
Months of reserve15.1mo · top quartile
Revenue growth (annualized)2% · bottom quartile

this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025

Organizations like FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Florida

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

86% of spending goes to programs.

Program 86%Management 14%Fundraising 0%

Governance

9
board members
33%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Part of a family of 14 related entities

  • Florida State University · exempt
  • Florida State University Alumni Association Inc · exempt
  • Florida State University Real Estate Foundation Inc · exempt
  • Florida State University Foundation Inc · exempt
  • Seminole Boosters Inc · exempt

Screen this organization

A dated, signed PDF of the compliance screen for FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC?
FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC (Florida) receives grants from 82 organizations whose IRS filings report $27,585,708 to it, the largest being Silicon Valley Community Foundation ($6,000,000). 28 of them have funded it in more than one year.
How many funders does FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC have?
IRS filings report 82 organizations giving $27,585,708 in grants to FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC, 28 of which have funded it in more than one year.
Who is the largest funder of FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC?
Silicon Valley Community Foundation is the largest funder on record, with $6,000,000 in grants. The full list of funders is on this page.
How can an organization like FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Florida. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 82 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing