2024-11-13T13:28:59+00:00 2024-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1075 Peachtree Street NE Suite 1600 Atlanta GA 30309 990 2023-07-01 581353149 University of Georgia Research Foundation Inc UNIV 7065426860 324 Business Srvcs 456 E Broad St Athens GA 30602 Ryan Nesbit Treasurer 2024-11-13 true Melanie McPeak P01346034 4042090954 2024-11-13 2023 2024-10-15 13:58:12Z Ryan Nesbit 324 Business Srvcs 456 E Broad St Athens GA 30602 327002066 false X research.uga.edu/ugarf X 1978 GA THE UNIVERSITY OF GEORGIA RESEARCH FOUNDATION OBTAINS GOVERNMENT AND PRIVATE RESEARCH GRANTS ON BEHALF OF THE UNIVERSITY OF GEORGIA. GRANTS ARE AWARDED TO FACULTY RESEARCHERS AT THE UNIVERSITY OF GEORGIA. 17 6 0 17 0 0 259677246 304480826 0 1610410 3006344 12055093 13469993 273342749 320957163 253379463 297627557 0 0 0 0 17284027 19677344 270663490 317304901 2679259 3652262 132475705 140555181 69830304 70460286 62645401 70094895 THE UNIVERSITY OF GEORGIA RESEARCH FOUNDATION (RESEARCH FOUNDATION) IS ORGANIZED TO FULFILL BROAD SCIENTIFIC, LITERARY, EDUCATIONAL, AND CHARITABLE PURPOSES AND OPERATES TO ENHANCE THE MISSION OF THE UNIVERSITY OF GEORGIA (UNIVERSITY) OF TEACHING, RESEARCH, AND PUBLIC SERVICE. THE RESEARCH FOUNDATION CONTRIBUTES TO THE RESEARCH FUNCTION OF THE UNIVERSITY BY SECURING RESEARCH CONTRACTS, GRANTS, AND AWARDS FROM INDIVIDUALS, INSTITUTIONS, PRIVATE ORGANIZATIONS, AND GOVERNMENT AGENCIES FOR THE PERFORMANCE OF SPONSORED RESEARCH IN THE VARIOUS UNIVERSITY COLLEGES, SCHOOLS, DEPARTMENTS, AND OTHER UNITS. IN THE INTELLECTUAL PROPERTY ADMINISTRATION AGREEMENT, THE BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA AUTHORIZED THE RESEARCH FOUNDATION TO SERVE AS THE OFFICIAL RECIPIENT OF ALL RESEARCH CONTRACTS, GRANTS, AND AWARDS FOR THE CONDUCT OF SPONSORED RESEARCH AT THE UNIVERSITY. false false 297627557 297627557 THE RESEARCH FOUNDATION CONTRIBUTES TO THE RESEARCH FUNCTION AT THE UNIVERSITY BY SECURING RESEARCH CONTRACTS, GRANTS, AND AWARDS FROM INDIVIDUALS, INSTITUTIONS, PRIVATE ORGANIZATIONS, AND GOVERNMENT AGENCIES FOR PERFORMANCE OF SPONSORED RESEARCH IN THE VARIOUS UNIVERSITY COLLEGES, SCHOOLS, DEPARTMENTS, AND OTHER UNITS. 19013882 13395599 THE RESEARCH FOUNDATION DISTRIBUTES A PORTION OF LICENSING AND ROYALTIES REVENUE TO UNIVERSITY DEPARTMENTS AND PROGRAMS AND PROVIDES OTHER DIRECT SUPPORT FOR VARIOUS RESEARCH INITIATIVES AT THE UNIVERSITY. 316641439 true true false false false false false true false true false false true true false true true false false true false false false false false false true false true false false false false false false false false false false false false false true true true true false true X 188 0 true 0 false true CJ false false false false false false false false false false X 17 6 false false false false false true false true true false false true true true true true true false false false GA X X Chad Cleveland 7065426860 456 E Broad Street Athens GA 30602 JERE W MOREHEAD PRESIDENT/CHAIR 1.0 40.0 X X 0 697360 318623 RYAN A NESBIT FINANCIAL VP/TREASURER 1.0 40.0 X X 0 348994 104569 S JACK HU VICE CHAIR 1.0 40.0 X X 0 511062 49422 ALAN G DARVILL DIRECTOR 1.0 40.0 X 0 49114 0 ALICIA PEDUZZI DIRECTOR 1.0 40.0 X 0 104643 18825 C GREG GUYER DIRECTOR 1.0 1.0 X 0 0 0 F ABIT MASSEY DIRECTOR 1.0 0.0 X 0 0 0 FRANKLIN D WEST DIRECTOR 1.0 40.0 X 0 177859 41119 GREGORY H ROBINSON DIRECTOR 1.0 40.0 X 0 402863 112406 JASON LOCKLIN DIRECTOR 1.0 40.0 X 0 260765 61865 KAREN BURG DIRECTOR 1.0 40.0 X 0 367679 42865 MARY ANN MORAN DIRECTOR 1.0 40.0 X 0 231289 30649 MICHAEL R STRAND DIRECTOR 1.0 40.0 X 0 335389 76052 N KIRBY ALTON DIRECTOR 1.0 1.0 X 0 0 0 STEVEN R H BEACH DIRECTOR 1.0 40.0 X 0 287766 46361 SUSAN C WALTMAN DIRECTOR 1.0 0.0 X 0 0 0 SUSANNE HOLLINGER DIRECTOR 1.0 0.0 X 0 0 0 TERESA L OSTAPOWER DIRECTOR 1.0 0.0 X 0 0 0 DEREK E EBERHART CHIEF LICENSING OFFICER 1.0 40.0 X 0 230491 30560 JESSICA K ORBOCK SECRETARY 1.0 40.0 X 0 252001 23200 LIBBY V MORRIS FORMER VICE CHAIR 0.0 40.0 X 0 275533 18744 0 4532808 975260 0 true true false Pabst Patent Group LLP 1201 Peachtree St 400 Colony Squar Atlanta GA 30361 Patent & License Fees 417865 Thomas Horstemeyer LLP 100 Galleria ParkwayNW Suite 1750 Atlanta GA 303395948 Patent & License Fees 380850 IPRIS AG PELIKANWEG 2 BASEL SZ Patent & License Fees 268638 Mueting Raasch Group 111 Washington Ave S Suite 700 Minneapolis MN 55401 Patent & License Fees 264511 Greenberg Traurig LLP One International Place Suite 2000 Boston MA 02110 Patent & License Fees 157389 7 253693098 50787728 304480826 0 0 0 0 0 2141905 2141905 13238547 13238547 74394 0 74394 0 74394 74394 6909342 6044903 864439 0 864439 864439 Other Revenue 900099 157052 157052 0 0 0 0 157052 320957163 13395599 0 3080738 297627557 297627557 9557 9557 60602 60602 152520 152520 0 0 0 0 31257 31257 10286141 10286141 20816 20816 23516 23516 111166 111166 RESEARCH PROGRAM ENHANCEMENT 6660176 6660176 LICENSES AND INTELLECTUAL PROPERTY EXPENSE 2067565 2067565 254028 0 254028 0 317304901 316641439 663462 0 13322879 17148970 968 0 0 0 0 1249935 1142306 107629 107629 50920756 55342341 132762 1905 410160 435796 67581519 67517572 132475705 140555181 1508951 1419781 6275 6275 0 0 68315078 69034230 69830304 70460286 62645401 70094895 62645401 70094895 132475705 140555181 3652262 3797232 0 X false true X true true true X 265280548 225611086 258911479 259677246 304480826 1313961185 0 0 265280548 225611086 258911479 259677246 304480826 1313961185 0 1313961185 930264 855559 1239474 1472443 2216299 6714039 0 0 0 0 0 157052 157052 1320832276 57653812 0.9948 0.9863 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER REVENUE, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - 157052.0, COLUMN F - 157052.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true 32813 32813 0 false 107629 107629 1142306 1142306 0 107629 GRANTS, CONTRACTS AND ROYALTIES RECEIVABLE 65327542 ACCOUNTS RECEIVABLE FROM THE UNIVERSITY 2115286 Lease Receivable 74744 67517572 ACCOUNTS PAYABLE - UNIVERSITY 68961408 Unearned Lease Income 72822 69034230 324601875 3797232 0 3797232 320804643 152520 0 152520 320957163 317152381 0 0 317152381 152520 0 152520 317304901 Schedule D, Part IV, Line 1b Agent, trustee, custodian, or other intermediary arrangement THE RESEARCH FOUNDATION ACTS AS CUSTODIAN OF FUNDS BELONGING TO AN INTERNATIONAL SCHOLARLY ORGANIZATION WHOSE PRESIDENT IS A UNIVERSITY FACULTY MEMBER. THE FUNDS WILL BE USED AT THE ORGANIZATION'S DISCRETION DURING THEIR TENURE AS PRESIDENT. THE ARRANGEMENT IS DOCUMENTED BY A WRITTEN MEMORANDUM OF UNDERSTANDING. THIS ARRANGEMENT WAS TERMINATED DURING FISCAL YEAR 2024 DUE TO CHANGE IN ORGANIZATION'S PRESIDENT. Central America and the Caribbean 0 0 Investments 1905 South America 0 0 Program Services LICENSES AND INTELLECTUAL PROPERTY EXPENSE 1783 Europe (Including Iceland and Greenland) 0 0 Program Services LICENSES AND INTELLECTUAL PROPERTY EXPENSE 377062 0 0 0 0 0 0 380750 0 380750 false false false false true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; SOUTH AMERICA-Accrual true University of Georgia 456 E Broad Street Athens GA 30602 586001998 Government 297627557 See Statement 1 0 Schedule I, Part II, Line 1(h) PURPOSE OF GRANT OR ASSISTANCE UNIVERSITY OF GEORGIA: FUNDS ARE PAID TO THE UNIVERSITY FOR EDUCATIONAL AND RESEARCH PURPOSES AND ACADEMIC SUPPORT. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE UNIVERSITY HAS DESIGNED AND IMPLEMENTED INTERNAL CONTROLS OVER COMPLIANCE WITH GRANT REQUIREMENTS AND IS SUBJECT TO AN ANNUAL AUDIT WHICH TESTS ITS INTERNAL CONTROLS OVER COMPLIANCE FOR FEDERAL GRANT REQUIREMENTS UNDER NEW UNIFORM GUIDANCE (UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS), FORMERLY OMB CIRCULAR A-133. false true false false false false false false false LIBBY V MORRIS FORMER VICE CHAIR 0 275083 0 0 0 450 0 0 0 18744 0 294277 0 0 S JACK HU VICE CHAIR 0 510797 0 0 0 265 0 30492 0 18930 0 560484 0 0 JERE W MOREHEAD PRESIDENT/CHAIR 0 666525 0 0 0 30835 0 309592 0 9031 0 1015983 0 0 RYAN A NESBIT FINANCIAL VP/TREASURER 0 346346 0 0 0 2648 0 71900 0 32669 0 453563 0 0 STEVEN R H BEACH DIRECTOR 0 263766 0 0 0 24000 0 27131 0 19230 0 334127 0 0 KAREN BURG DIRECTOR 0 345985 0 0 0 21694 0 30492 0 12373 0 410544 0 0 JASON LOCKLIN DIRECTOR 0 260486 0 0 0 279 0 52477 0 9388 0 322630 0 0 MARY ANN MORAN DIRECTOR 0 231289 0 0 0 0 0 21591 0 9058 0 261938 0 0 GREGORY H ROBINSON DIRECTOR 0 402769 0 0 0 94 0 82476 0 29930 0 515269 0 0 MICHAEL R STRAND DIRECTOR 0 305389 0 0 0 30000 0 57143 0 18909 0 411441 0 0 FRANKLIN D WEST DIRECTOR 0 177859 0 0 0 0 0 16892 0 24227 0 218978 0 0 DEREK E EBERHART CHIEF LICENSING OFFICER 0 230212 0 0 0 279 0 21462 0 9098 0 261051 0 0 JESSICA K ORBOCK SECRETARY 0 251722 0 0 0 279 0 23200 0 0 0 275201 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation THE PRESIDENT/CHAIR OF THE RESEARCH FOUNDATION IS PAID DIRECTLY BY THE UNIVERSITY FOR HIS ROLE AS PRESIDENT OF THE UNIVERSITY. THE UNIVERSITY SYSTEM OF GEORGIA BOARD OF REGENTS (BOARD) ESTABLISHES THE PRESIDENT'S ANNUAL COMPENSATION THROUGH THE USE OF A WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND THE APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan THE COMPENSATION REPORTED IN PART II, COLUMN C INCLUDES DEFERRED COMPENSATION OF $269,576 PAID BY THE UNIVERSITY DURING 2023 AS PART OF A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN FOR JERE W. MOREHEAD. For fiscal year 2024, the University System of Georgia Board of Regents approved an annualized $280,245 contribution made by the University on behalf of Jere W. Morehead to an approved deferred compensation plan per Board of Regents policy. Schedule J, Part I SCH J THE RESEARCH FOUNDATION HAS NO EMPLOYEES. OFFICERS AND SOME DIRECTORS OF THE RESEARCH FOUNDATION ARE EMPLOYED BY THE UNIVERSITY AND ARE COMPENSATED FOR THE ROLE PERFORMED FOR THE UNIVERSITY. OFFICERS OF THE RESEARCH FOUNDATION ARE ALSO OFFICERS OF THE UNIVERSITY WHICH IS THE SUBCONTRACTOR ON ALL SPONSORED RESEARCH RECEIVED BY THE RESEARCH FOUNDATION. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE RESEARCH FOUNDATION'S PRESIDENT, VICE CHAIR, EXECUTIVE VICE PRESIDENT AND FINANCIAL VICE PRESIDENT (ALL VOTING MEMBERS) ARE ELECTED OR APPOINTED AS EX-OFFICIO MEMBERS BY VIRTUE OF THEIR UNIVERSITY POSITION. THREE VOTING MEMBERS ARE APPOINTED OR ELECTED BY THE UGA ALUMNI ASSOCIATION. THREE VOTING MEMBERS ARE APPOINTED OR ELECTED BY THE UNIVERSITY COUNCIL. THREE VOTING MEMBERS ARE APPOINTED OR ELECTED BY THE UNIVERSITY OF GEORGIA FOUNDATION. FOUR VOTING MEMBERS ARE ELECTED BY VOTE OF THE RESEARCH FOUNDATION BOARD OF DIRECTORS. Form 990, Part VI, Line 11b Review of form 990 by governing body IRS FORM 990 IS PROVIDED ELECTRONICALLY TO BOARD MEMBERS PRIOR TO THE FILING DEADLINE WITH SUFFICIENT LEAD-TIME TO ALLOW FOR REVIEW BY BOARD MEMBERS. Form 990, Part VI, Line 12c Conflict of interest policy BOARD MEMBERS OF THE RESEARCH FOUNDATION ARE GIVEN A FORM TO COMPLETE EACH YEAR REQUESTING DISCLOSURE OF ALL RELATED ENTITIES AND TRANSACTIONS. ANY CONFLICTS NOTED ARE DISCUSSED AND APPROPRIATE ACTION TAKEN, IF DEEMED NECESSARY. Form 990, Part VI, Line 18 How forms are made available to the public THE RESEARCH FOUNDATION'S FORM 1023 AND 990 CAN BE REQUESTED THROUGH AN ELECTRONIC REQUEST FORM ON THE RESEARCH FOUNDATION'S WEBSITE. Form 990, Part VI, Line 19 Required documents available to the public THE RESEARCH FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE RESEARCH FOUNDATION'S WEBSITE. UGA REAL ESTATE FOUNDATION INC 1180 EAST BROAD STREET ATHENS GA 30602 582491922 REAL ESTATE DEVELOPMENT GA 501(c)(3) Type I UNIVERSITY OF GEORGIA RESEARCH FOUNDATION true UNIVERSITY OF GEORGIA 456 E BROAD STREET ATHENS GA 30602 586001998 STATE UNIVERSITY - EDUCATION AND RESEARCH GA NA false false true false false false false false false false true false false true true true true false false false UNIVERSITY OF GEORGIA B 297627557 PER FINANCIAL STATEMENT UNIVERSITY OF GEORGIA J 74394 PER FINANCIAL STATEMENT UNIVERSITY OF GEORGIA P 11797089 PER FINANCIAL STATEMENT