Overview
What is University Of Kentucky Research Foundation?
The University of Kentucky Research Foundation is a nonprofit organization headquartered in Lexington, Kentucky. It functions as the University's intermediary in obtaining external grants, contracts, intellectual property income, and designated revenues. The organization's primary role involves overseeing the protection, development, and commercialization of the University's intellectual property. By doing so, it promotes research, innovation, and economic growth within the University community.
Official website here: www.research.uky.edu
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 88% (Three-Star out of Four Star rating)
The University of Kentucky Research Foundation has received a solid Three-Star rating from Charity Navigator, indicating a strong level of accountability and financial management. The overall score is based entirely on its Accountability & Finance metrics, where it achieved an impressive score of 88%. This rating reflects the foundation's commitment to maintaining a responsible financial structure and transparency in its operations.
One of the foundation's significant strengths lies in its high program expense ratio of 99.04%, suggesting that nearly all of its expenses are directed towards its programs and mission. Additionally, it has a good liabilities to assets ratio of 25.82%, which indicates a healthy balance sheet. The foundation also demonstrates strong policies regarding conflict of interest, whistleblower protections, and document retention, all of which contribute to its accountability framework.
However, it is worth noting that the foundation lacks independent board members, receiving 0 out of 8 points in that area. This could point to a potential area for improvement, as independent oversight is often seen as a best practice in nonprofit governance. Overall, while the foundation maintains a good financial standing and operational transparency, enhancing board independence could further strengthen its governance.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Kentucky Research Foundation legitimate?
University Of Kentucky Research Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Kentucky Research Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.research.uky.edu
What is the mission statement of University Of Kentucky Research Foundation?
The University of Kentucky Research Foundation is a non-profit organization tasked with managing the external grants, contracts, and designated income for the University of Kentucky. It plays a crucial role in overseeing the protection, development, and commercialization of the university's intellectual property. The foundation's mission revolves around supporting the institution by facilitating the receipt and management of its financial resources and fostering the growth of its intellectual assets.
Official website here: www.research.uky.edu
Who is the CEO of University Of Kentucky Research Foundation?
Penny Cox is the Director of University Of Kentucky Research Foundation.
Official website here: www.research.uky.edu
What is the revenue of University Of Kentucky Research Foundation?
University Of Kentucky Research Foundation's revenue in 2022 was $445,323,168.
Official website here: www.research.uky.edu
Who are the executives of University Of Kentucky Research Foundation and what are their salaries?
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $1,556,447
- Other: $259,663
- Compensation: $0
- Related: $621,879
- Other: $558,690
- Compensation: $0
- Related: $814,721
- Other: $343,612
- Compensation: $0
- Related: $790,565
- Other: $71,081
- Compensation: $0
- Related: $505,420
- Other: $44,740
- Compensation: $0
- Related: $276,583
- Other: $28,161
- Compensation: $0
- Related: $246,471
- Other: $34,060
- Compensation: $0
- Related: $70,901
- Other: $25,520
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.research.uky.edu
Where can I find the form 990 for University Of Kentucky Research Foundation?
University Of Kentucky Research Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.research.uky.edu
Learn more at the official website: www.research.uky.edu
Mission Statement of University Of Kentucky Research Foundation
The University of Kentucky Research Foundation, a leading nonprofit organization, plays a vital role in representing the University of Kentucky in securing external grants, contracts, and designated income. located in Lexington, Kentucky. Its primary mission is to manage and oversee the protection, development, and commercialization of the University's intellectual property.
Established as the University's official agent, the University of Kentucky Research Foundation is responsible for handling all financial aspects related to external grants and contracts, as well as intellectual property income. By assuming this role, the organization ensures the University's research and academic pursuits are adequately funded and supported. Moreover, the University of Kentucky Research Foundation is dedicated to fostering innovation by nurturing the University's intellectual property, ultimately contributing to its growth and development.
In essence, the University of Kentucky Research Foundation acts as a bridge between the University and the external world, facilitating the flow of resources necessary for groundbreaking research and academic achievements. Its commitment to intellectual property protection, development, and commercialization is key to the University's continued success in advancing knowledge and making a positive impact on society.
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Impact
October, 2024
The University of Kentucky Research Foundation plays a crucial role in enhancing the university's research capabilities and contributions to various fields. By serving as the primary agent for securing external grants and contracts, the foundation facilitates the inflow of funding necessary for innovative research projects. This ability to attract financial resources enables faculty and students to advance their studies, engage in groundbreaking research, and contribute to knowledge creation.
Additionally, the foundation oversees the protection, development, and commercialization of intellectual property generated through university research. This not only safeguards the university's innovations but also encourages collaboration with industry partners, translating academic discoveries into practical applications that can benefit society. Through these efforts, the foundation significantly impacts education, the local economy, and the advancement of technology, driving progress and creating opportunities for both researchers and the wider community in Lexington and beyond.
This information is meant to be a general summary of University Of Kentucky Research Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,061,779
- Program Service Revenue: $433,193,617
- Gross Receipts: $452,649,384
Assets and Liabilities:
- Total Assets: $216,100,001
- Total Liabilities: $58,322,357
- Net Assets: $157,777,644
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEDERAL GRANTS & CONTRACTS
Revenue
$281,193,536
STATE & LOCAL GRANTS & CONTRACTS
Revenue
$22,689,929
RECOVERIES OF FAC & ADMIN COSTS
Revenue
$89,707,369
NONGOVERNMENTAL GRANTS & CONTRACTS
Revenue
$27,794,124
OTHER REVENUES
Revenue
$11,808,659
Organization Details
Founding Year
1945
Phone
(859) 257-4758Principal Officer
Penny Cox
Main Address
301 PETERSON SERVICE BUILDING, LEXINGTON, KY, 40506
Website
www.research.uky.eduNTEE Category
Code: B110 - Education
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