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West Virginia · Nonprofit

MARSHALL UNIVERSITY RESEARCH CORPORATION

MARSHALL UNIVERSITY RESEARCH CORPORATION (West Virginia) receives grants from 50 organizations whose IRS filings report $31,625,799 to it, the largest being WEST VIRGINIA UNIVERSITY RESEARCH CORPORATION ($17,817,473). 24 of them have funded it in more than one year.

Revenue FY2025
$71M
Funders on record
50
Grants received
$32M
Net assets
$57M
24/50 repeat funderspeak grant-dependency 11%
01What it does

What Marshall University Research Corporation does

Mission

Charitable education and scientific research

As stated on its FY2025 Form 990.

Programs

  1. Marshall University Research Corporation operates for charitable education and scientific purposes to foster, support, and participate in research and economic development activities in the furtherance of the educational objectives and mission of Marshall University.

    $57,233,170 spentof which $3,323,307 as grants$70,673,508 earned by the program
    100% of program spending
  2. Other program services, not described on the e-filed return.

    $0 spent
    0% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $57,233,170.

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 ($36M) Expenses 100 ($37M) Net assets 100 ($48M)2018 Revenue 93 ($34M) Expenses 101 ($38M) Net assets 92 ($44M)2019 Revenue 98 ($36M) Expenses 102 ($38M) Net assets 87 ($42M)2020 Revenue 113 ($41M) Expenses 119 ($44M) Net assets 80 ($38M)2021 Revenue 153 ($56M) Expenses 128 ($48M) Net assets 93 ($45M)2022 Revenue 154 ($56M) Expenses 150 ($56M) Net assets 93 ($45M)2023 Revenue 169 ($62M) Expenses 163 ($61M) Net assets 95 ($45M)2024 Revenue 208 ($76M) Expenses 178 ($66M) Net assets 114 ($55M)2025 Revenue 194 ($71M) Expenses 183 ($68M) Net assets 120 ($57M)
'17'18'19'20'21'22'23'24'25
Revenue (194)Expenses (183)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 2020 to 2021, from $56M to $66M (+18%).

$57M
$54M
$52M
$56M
$66M
$67M
$70M
$75M
$79M
'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

Government-grant reliance: 2017 64% · 2018 68% · 2019 72% · 2020 79% · 2021 71% · 2022 86% · 2023 80% · 2024 80% · 2025 83%. Grants only. Government contracts and fees sit inside program revenue.

88% of MARSHALL UNIVERSITY RESEARCH CORPORATION’s revenue is contributions — more donation-reliant than the typical peer (61% for the typical peer).

This organization
Typical peer · 696 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.

−$802k
’17
−$3.8M
’18
−$2.5M
’19
−$3.3M
’20
$7.9M
’21
$196k
’22
$686k
’23
$9.4M
’24
$2.5M
’25
1.7
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.

Board chair

Brad Smith

Chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed201918191818151721
Joined·+1+1+1+1+2+3+5+4
No longer listed·22022630
03Who funds it

Who funds it, year by year

2017 → 2023: the base held at 12 funders, grant income rose $1.4M → $2.9M.

Funder
'17
'18
'19
'20
'21
'22
'23
'24*
'25*
total
funders
12
12
12
13
15
13
12
16
11

5 of 50 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 2% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of MARSHALL UNIVERSITY RESEARCH CORPORATION’s funders (the co-funder graph). Top 30 of 50 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

MARSHALL UNIVERSITY RESEARCH CORPORATION leans on a few funders — its largest provides 56% of grant income and the top three 75%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

85% 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 MARSHALL UNIVERSITY RESEARCH CORPORATION.

56%
largest funder
75%
top three
~3
effective funders

Largest funder’s share by year: 2017 72% · 2018 75% · 2019 78% · 2020 37% · 2021 39% · 2022 57% · 2023 64% — 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

33% of MARSHALL UNIVERSITY RESEARCH CORPORATION's funders are still giving 3 years after their first grant; 48% 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

77% of MARSHALL UNIVERSITY RESEARCH CORPORATION's grant income comes from West Virginia funders.

VT
IL
WI
NY
MA
NV
OH
PA
NJ
CA
MO
WV
VA
MD
DE
DC
TX
FL

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

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

Funder states come from each funder’s own filing. $564k arriving through sponsors registered in 3 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

MARSHALL UNIVERSITY RESEARCH CORPORATION has grown faster than half of the 328 community improvement nonprofits its size.

Operating margin4% · below the median
Months of reserve1.7mo · below the median
Revenue growth (annualized)9% · above the median

this organization peer median middle 50% of peers· 328 community improvement nonprofits $10M–$100M, FY2025

Government funding MARSHALL UNIVERSITY RESEARCH CORPORATION receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $228.2M on record.

Federal$228.2M
grants $204.3Mcontracts $23.9M
17
18
19
20
21
22
23
24
25
26
Top agencies
  • Department of Health and Human Services$121.2M
  • Department of Education$27.4M
  • Department of Defense$21.7M
  • Department of Labor$13.9M
  • National Science Foundation$9.9M
  • Department of Homeland Security$7.2M

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like MARSHALL UNIVERSITY RESEARCH CORPORATION

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 West Virginia

Nationally

05Profile & governance

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

Where the money goes

84% of spending goes to programs.

Program 84%Management 15%Fundraising 1%

Governance

16
board members
13%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

84%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Part of a family of 1 related entity

  • Marshall University · exempt

Screen this organization

A dated, signed PDF of the compliance screen for MARSHALL UNIVERSITY RESEARCH CORPORATION: 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.

A paid feature, included from the $75 plan up. Sign in to download.

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 MARSHALL UNIVERSITY RESEARCH CORPORATION?
MARSHALL UNIVERSITY RESEARCH CORPORATION (West Virginia) receives grants from 50 organizations whose IRS filings report $31,625,799 to it, the largest being WEST VIRGINIA UNIVERSITY RESEARCH CORPORATION ($17,817,473). 24 of them have funded it in more than one year.
How many funders does MARSHALL UNIVERSITY RESEARCH CORPORATION have?
IRS filings report 50 organizations giving $31,625,799 in grants to MARSHALL UNIVERSITY RESEARCH CORPORATION, 24 of which have funded it in more than one year.
Who is the largest funder of MARSHALL UNIVERSITY RESEARCH CORPORATION?
WEST VIRGINIA UNIVERSITY RESEARCH CORPORATION is the largest funder on record, with $17,817,473 in grants. The full list of funders is on this page.
How can an organization like MARSHALL UNIVERSITY RESEARCH CORPORATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in West Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Marshall University Research →

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 50 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 14, 2026. What this page cannot tell you · view filing