Florida State University Research Foundation Inc
2000 Levy Ave Ste 351, Tallahassee, FL · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $24,252,536 | $38,636,606 | $154,203,178 |
| FY2024 | $18,957,067 | $50,836,314 | $157,244,449 |
| FY2023 | $24,244,716 | $18,836,373 | $177,594,888 |
| FY2022 | $28,107,542 | $14,832,298 | $168,451,812 |
| FY2021 | $23,963,876 | $13,069,436 | $182,062,760 |
| FY2020 | $21,810,684 | $15,992,579 | $152,841,428 |
| FY2019 | $21,565,808 | $15,864,828 | $146,515,966 |
| FY2018 | $47,830,730 | $14,218,549 | $139,967,695 |
| FY2017 | $20,125,230 | $15,217,715 | $128,440,456 |
| FY2016 | $19,013,164 | $16,179,529 | $118,177,574 |
| FY2015 | $22,404,163 | $12,577,510 | $116,449,678 |
| FY2014 | $16,381,427 | $14,592,027 | $112,477,815 |
| FY2013 | $18,788,821 | $21,561,843 | $102,914,199 |
| FY2012 | $13,947,885 | $19,747,780 | $100,940,232 |
Form 990 filings
The returns filed by Florida State University Research Foundation Inc (EIN 59-3211153), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $17,477,864 | 72% |
| Other revenue | $6,774,672 | 28% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $33,307,125 | 86% |
| Management & general | $5,329,481 | 14% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 72% of total revenue in FY2025.
- Program services accounted for 86% of functional expenses, management & general 14%, and fundraising 0%.
- 86% of functional expenses went to program services in FY2025. That is higher than 45.9% of 220 Education organizations in FL.
- Net assets covered about 47.9 months of expenses at the end of the reporting year. That puts it in the 81st percentile among 2798 Education organizations in FL.
- Total revenue was higher than 96% of 2873 Education organizations in FL.
- Total revenue rose from $13,947,885 in FY2012 to $24,252,536 in FY2025. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2012, FY2013, FY2024, FY2025).
- The highest revenue on record here is $47,830,730 in FY2018.
- Net assets grew from $100,940,232 to $154,203,178 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
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.
IRS status
| Ruling year | 1995 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B110 — Education (in FL) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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