Ohio State University Research Foundation in Columbus, Ohio (OH)

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Ohio State University Research Foundation
Employer Identification Number (EIN)316401599
Name of OrganizationOhio State University Research Foundation
Address1960 Kenny Rd, Columbus, OH 43210-1063
ActivitiesScientific research (diseases), Contact or sponsored scientific research for industry, School, college, trade school, etc.
SubsectionEducational Organization
Ruling Date04/1943
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$109,855,707
Amount of Income$499,333,385
Form 990 Revenue Amount$499,333,385
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Single Organization Support


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Amount of income in 2012: $499,333,385
Ohio State University Research Foundation: 

 $499,333,385
Other organizations performing similar types of work: 

 $6,316,681

Assets in 2012: $109,855,707
Ohio State University Research Foundation: 

 $109,855,707
Other organizations performing similar types of work: 

 $21,924,426

Expenses in 2007: $387,191,527
This organization: 

 $387,191,527
Other organizations performing similar types of work: 

 $2,919,811

Income to expenses ratio in 2007: 1.0
Ohio State University Research Foundation: 

 1.0
Other organizations performing similar types of work: 

 1.4

Expenses allocated to program services in 2007: 2.0%
Ohio State University Research Foundation: 

 2.0%
Other organizations performing similar types of work: 

 84.4%

Number of employees in 2007: 94
This organization: 

 94
Other organizations performing similar types of work: 

 19

Employees paid over $50,000 in 2007: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 16.7%

Grants share in income in 2007: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 53.7%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$245,476,894$254,312,316$291,589,011$322,664,475$354,019,456$376,048,123$385,535,652$387,393,841
Contributions, gifts, grants, and similar amounts received$244,530,700$253,673,383$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$244,530,700$253,673,383$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$291,084,444$322,283,371$353,694,636$375,445,540$384,679,325$386,230,761
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$946,194$638,933$504,567$381,104$324,820$602,583$856,327$1,163,080
Dividends and interest from securities$0$0$0$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Total expenses$246,054,287$254,280,560$291,513,374$323,220,947$353,522,342$374,339,357$385,606,484$387,191,527
Program services$6,604,096$6,552,591$6,817,944$7,345,964$7,917,882$7,378,637$8,491,722$7,897,412
Management and general$0$0$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$239,450,191$247,727,969$284,695,430$315,874,983$345,604,460$366,960,720$377,114,762$379,294,115
Net assets or fund balances at end of year$6,364,838$6,396,594$6,472,231$5,915,759$6,412,873$8,121,639$8,050,807$8,253,121
Excess or (deficit) for the year$-577,393$31,756$75,637$-556,472$497,114$1,708,766$-70,832$202,314
Net assets or fund balances at beginning of year$5,787,445$6,364,838$6,396,594$6,472,231$5,915,759$6,412,873$8,121,639$8,050,807
Other changes in net assets or fund balances$1,154,786$0$0$0$0$0$0$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$7,897,412$7,897,412$0$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$150,538$150,538$0$0
Legal fees$200$200$0$0
Supplies$197,267$197,267$0$0
Telephone$50,476$50,476$0$0
Postage and shipping$35,944$35,944$0$0
Occupancy$19,903$19,903$0$0
Equipment rental and maintenance$3,729$3,729$0$0
Printing and publications$45,913$45,913$0$0
Travel$61,040$61,040$0$0
Conferences, conventions, and meetings$17,927$17,927$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$267,986$267,986$0$0
Other expenses not covered above$7,046,489$7,046,489$0$0
Balance Sheets
20002001200220032004200520062007
Total assets$73,349,292$69,767,630$77,015,117$81,248,932$76,038,401$61,772,395$93,742,156$101,173,050
Cash - non-interest-bearing$26,759,253$33,935,718$39,622,470$41,304,810$20,341,002$12,994,229$35,971,442$45,105,960
Savings and temporary cash investments$0$0$0$0$0$0$0$0
Accounts receivable less allowance for doubtful accounts$42,374,023$34,258,502$36,186,905$38,753,337$54,387,642$47,245,036$56,293,710$54,790,052
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0$0$0$0$0
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$79,124$981,939$964,887$931,029$817,959$639,373$826,724$592,787
Other assets, including program-related investments$4,136,892$591,471$240,855$259,756$491,798$893,757$650,280$684,251
Total liabilities$66,984,454$63,371,036$70,542,886$75,333,173$69,625,528$53,650,756$85,691,349$92,919,929
Accounts payable and accrued expenses$66,984,454$63,371,036$70,542,886$75,333,173$69,625,528$53,650,756$85,691,349$32,919,909
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$60,000,020
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$0$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$73,349,292$69,767,630$77,015,117$81,248,932$76,038,401$61,772,395$93,742,156$101,173,050
Total net assets or fund balances$6,364,838$6,396,594$6,472,231$5,915,759$6,412,873$8,121,639$8,050,807$8,253,121
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$0$0$0$0$0$0$0$387,393,841
Total revenue, gains, and other support per audited financial statements$0$0$0$0$0$0$0$387,393,841
Other expenses$0$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$0$0$0$0$0$0$0$387,191,527
Total expenses and losses per audited financial statements$0$0$0$0$0$0$0$387,191,527
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings11
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200694
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$387,393,841
Program service revenue
Program service revenue 1000000$000$0$378,917,953
Program service revenue 2000000$000$0$7,312,808
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$1,163,080
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Type of supporting organizationType I
Information about the supported organizations
Employer identification number (EIN)Name of organizationType of organizationIs the supported organization listed in the supporting organization's governing documents?Amount of support
316025986Ohio State UniversityYes$0
Total$0
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$485,559,633
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$485,559,633
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$484,864,880
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$484,864,880
Balance Sheet (for 2011)
Total assets$110,816,001
Total liabilities$107,283,045
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$107,283,045
Total net assets or fund balances$3,532,956
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Ohio State University Research Foundation1960 Kenny Rd, Columbus, OH 43210-1063OH1943-04$499,333,385
2Ohio University FoundationPO BOX 869, Athens, OH 45701-0869OH1955-03$231,623,178
3Miami University Foundation Inc107 Roudebush Hall, Oxford, OH 45056OH1952-04$125,591,291
4Kent State University FoundationPO BOX 5190, Kent, OH 44242-0001OH1966-12$69,919,826
5University Of Akron Foundation302 Buchtel Mall, Akron, OH 44325-0001OH1966-09$65,710,510
6University Of Toledo Foundation2801 W Bancroft Driscoll Cntr, Toledo, OH 43606OH1974-12$45,306,801
7Bowling Green State University Foundation Inc, Bowling State Univ Fndtn TteeMileti Alumni Center, Bowling Green, OH 43403-0054OH1956-07$33,334,661
8The University Of Toledo Foundation2801 W Bancroft Driscoll Ctr, Toledo, OH 43606OH1964-07$27,861,311
9Charles P Taft Memorial Fund425 Walnut St, Cincinnati, OH 45202-3923OH1977-05$21,314,770
10John H Hord Estate TrPO BOX 94651, Cleveland, OH 44101-4651OH1971-07$9,975,381
11Western Reserve University School Of Medicine Endowment Trust94651, Cleveland, OH 44101OH1960-12$9,171,805
12Wright State University Foundation Inc3640 Colonel Glenn Hwy, Dayton, OH 45435-0001OH1969-04$8,785,500
13Shawnee State University Development Foundation940 2nd St, Portsmouth, OH 45662-4303OH1984-12$6,737,290
14Science And Technology Campus Corporation1275 Kinnear Road, Columbus, OH 43212-1180OH1998-03$5,643,901
15Wexner Center Foundation1234 E Broad St, Columbus, OH 43205-1405OH1990-10$5,058,942
16Sinclair Community College Foundation444 W 3rd St, Dayton, OH 45402-1421OH1969-09$4,993,338
17Ewing T Boles Endowment Fund Trust Agreement For The Benefit Of CentrPO BOX 94651, Cleveland, OH 44101-4651OH1993-09$4,374,418
18Lorain County Community College Foundation1005 N Abbe Rd, Elyria, OH 44035-1613OH1975-09$3,572,759
19Cardiac Surgery Institute Inc1057 Meta Dr, Cincinnati, OH 45237-5007OH2000-06$3,286,258
20Nacs Foundation500 E Lorain St, Oberlin, OH 44074-1238OH1983-02$1,593,696
21Urbana University Foundation579 College Way, Urbana, OH 43078-2091OH2001-11$1,379,344
22Stark State College Foundation6200 Frank Ave Nw, Canton, OH 44720-7228OH1986-08$905,362
23Firelands Catholic Education Development Office Inc, FcedoPO BOX 191, Norwalk, OH 44857-0191OH1991-10$859,621
24Oda Dice Demarest Charitable TrustPO BOX 94651, Cleveland, OH 44101-4651OH1994-09$497,078
25University Radiology Fund Of Cincinnati2830 Victory Pkwy, Cincinnati, OH 45206-1785OH1981-03$395,034
26Rowfant Club3028 Prospect Ave E, Cleveland, OH 44115-2610OH1938-02$262,678
27Gallia Academy High School Athletic BoostersPO BOX 1058, Gallipolis, OH 45631-6058OH1992-07$192,295
28Beavercreek Booster Club Inc2660 Dayton Xenia Rd, Beavercreek, OH 45434-6416OH1989-07$137,249
29Showcase America Unlimited269 Bertram Dr, Gahanna, OH 43230-3650OH1985-11$94,274
30Toledo Area Medical Foundation3355 Glendale Ave 3rd Floor, Toledo, OH 43614-2426OH1980-06$108
Number of organizations performing similar types of work
Alaska1
Alabama13
Arkansas8
Arizona6
California79
Colorado11
Connecticut7
District of Columbia6
Delaware5
Florida38
Georgia18
Hawaii3
Iowa15
Idaho6
Illinois29
Indiana13
Kansas16
Kentucky17
Louisiana12
Massachusetts19
Maryland10
Maine2
Michigan15
Minnesota17
Missouri7
Mississippi4
Montana5
North Carolina27
North Dakota4
Nebraska5
New Hampshire2
New Jersey12
New Mexico6
Nevada2
New York42
Ohio34
Oklahoma12
Oregon7
Pennsylvania21
Rhode Island6
South Carolina8
South Dakota2
Tennessee8
Texas53
Utah4
Virginia29
Washington10
Wisconsin19
West Virginia6
Wyoming2
International3
Total706

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