UNIVERSITY OF KENTUCKY RESEARCH FOUNDATION
109 Kinkead Hall
LEXINGTON KY 40506-0057
Contact Information
Nonprofit UNIVERSITY OF KENTUCKY RESEARCH FOUNDATION
Address 109 Kinkead Hall
LEXINGTON , KY 40506 0057
Phone (859) 257-9420
Contact Name Kim Carter
At A Glance
IRS Ruling Year 1947
Financial Summary
 
 
Statements
Mission Statement

It is the primary purpose of UKRF to act as the agent of the University in the receipt and disbursement of funds for grants and contracts.  The University of Kentucky is a public, land grant university dedicated to improving people's lives through excellence in education, research and creative work, service, and health care. As Kentucky's flagship institution, the University plays a critical leadership role by promoting diversity, inclusion, economic development, and human well-being.

 

Background Statement

Research leading to new knowledge and the transfer of this new knowledge through teaching and service are two of the major responsibilities of the University of Kentucky. The University of Kentucky Research Foundation (UKRF), a not-for-profit Kentucky corporation,  was established in 1945 to receive, invest, and expend funds to promote and implement scientific, educational, and developmental activities at UK. UKRF serves as the university's agent in the receipt of allexternal grants and contracts,intellectual propertyincome and other designated income; oversees the protection, development, and commercialization of intellectual properties; and manages special cooperative agreements.

Impact Statement
The University of Kentucky's2009-2014 Strategic Planrenews this institution's faithfulness to the original ideals that gave rise to America's land-grant universities. Threaded through this document is a ceaseless and undaunted commitment to the individual success of students; to research that both stretches the bounds of knowledge and provides practical solutions; and to the provision of extension services, health care, creative experiences, life-long learning, and countless other efforts to improve the lives of Kentuckians where ever they live and work and raise their families. 
Geographic Areas Served
Areas
National
Board Chair
Board Chair Dr. Lisa Cassis
Company Affiliation Vice President for Research UK
Board Members
NameAffiliationStatus
Dr Eli Capilouto President of UKExofficio
Board Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 0
Hispanic/Latino 0
Native American/American Indian 0
Other 11 0
Board Demographics - Gender
Male 0
Female 0
Unspecified 11
Governance
Board Term Lengths 3
Board Term Limits 0
Board Meeting Attendance % 91%
Written Board Selection Criteria? Yes
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 0%
Number of Full Board Meetings Annually 1
CEO/Executive Director
Executive Director Lisa Cassis
Term Start Mar 2014
Staff
Full Time Staff 13000
Part Time Staff 0
Volunteers 0
Contractors 0
Retention Rate 0%
Staff Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 0
Hispanic/Latino 0
Native American/American Indian 0
Other 13000
Staff Demographics - Gender
Male 0
Female 0
Unspecified 13000
Comments
CEO Comments
With 13,000 employees scattered among main campus, the hospitals and other offices across ther state, as well as many employees changing jobs within UK, the retention rate is not information that is compiled by the HR office.
Description

The University of Kentucky is a public, land grant university dedicated to improving people's lives through excellence in education, research and creative work, service, and health care. As Kentucky's flagship institution, the University plays a critical leadership role by promoting diversity, inclusion, economic development, and human well-being.

Category
Population Served , ,
Plans & Policies
Organization has a Fundraising Plan? Yes
Organization has a Strategic Plan?
Management Succession Plan? Yes
Organization Policy and Procedures Yes
Nondiscrimination Policy Yes
Whistleblower Policy Yes
Document Destruction Policy Yes
Fiscal Year
Fiscal Year Start July 01, 2016
Fiscal Year End June 30, 2017
Projected Revenue $371,877,289.00
Projected Expenses $368,209,246.00
Detailed Financials
Revenue and ExpensesHelpFinancial data for prior years is entered by foundation staff based on the documents submitted by nonprofit organizations.Foundation staff members enter this information to assure consistency in the presentation of financial data across all organizations.
Fiscal Year201520142013
Total Revenue$300,523,655$272,670,683$311,106,916
Total Expenses$2,895,544,693$274,810,589$308,809,085
Revenue Less Expenses($2,595,021,038)($2,139,906)$2,297,831
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available). Revenue from foundations and corporations may be included in individual contributions when not itemized separately.
Fiscal Year201520142013
Foundation and
Corporation Contributions
$17,695,820$16,159,146$20,961,850
Government Contributions$0$0$0
Federal------
State------
Local------
Unspecified------
Individual Contributions$461,368$192,040$117,600
$265,581,306----
$95,133$224,309,575$292,157,089
Investment Income, Net of Losses$98,372$96,900$52,679
Membership Dues------
Special Events------
Revenue In-Kind------
Other$16,591,656$1,368,035($2,182,302)
Expense Allocation
Fiscal Year201520142013
Program Expense$287,012,146$270,976,887$305,224,415
Administration Expense$2,543,547$3,833,702$3,584,670
Fundraising Expense------
Payments to Affiliates------
Total Revenue/Total Expenses0.100.991.01
Program Expense/Total Expenses10%99%99%
Fundraising Expense/Contributed Revenue0%0%0%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$98,488,099$85,929,078$95,336,956
Current Assets$83,355,310$295,211,784$79,838,782
Long-Term Liabilities--$1,564,047$2,130,547
Current Liabilities$40,077,580$36,933,474$43,634,946
Total Net Assets$58,410,519$47,431,557$49,571,463
Form 990s
2015 990 2015
2014 UKRF 990
2013 990 2013
2012 990 2012
2011 990 2011
Capital Campaign
Currently in a Capital Campaign? Yes
State Registration Yes
Address 109 Kinkead Hall
LEXINGTON , KY 405060057
Primary Phone 859 257-9420
CEO/Executive Director Lisa Cassis
Board Chair Dr. Lisa Cassis
Board Chair Company Affiliation Vice President for Research UK