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
Fax 859 323-1060
Contact Name Kim Carter
At A Glance
IRS Ruling Year 1947
Financial Summary
Revenue vs Expenses - All Years
Expense Breakdown - Recent Year
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 all external grants and contracts,intellectual property income and other designated income; oversees the protection, development, and commercialization of intellectual properties; and manages special cooperative agreements.

Impact Statement
As Kentucky’s indispensable institution, we transform the lives of our students and advance the Commonwealth we serve – and beyond – through our teaching and learning, diversity and inclusion, discovery, research and creativity, promotion of health, and deep community engagement. In October 2015, our Board of Trustees met to consider and endorse our 2015-2020 Strategic Plan. It was a data-rich conversation about the multifaceted mission of our University. The dialogue underscored our commitment to our objectives and action steps; the specific ways we plan to measure progress; and the ambitious path we plan to forge for the future. http://www.uky.edu/Provost/strategic_planning/plan.htm
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
Financials
Revenue vs Expenses - All Years
Expense Breakdown - Recent Year
Fiscal Year
Fiscal Year Start July 01, 2017
Fiscal Year End June 30, 2018
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 Year201620152014
Total Revenue$283,076,058$300,523,655$272,670,683
Total Expenses$273,013,296$2,895,544,693$274,810,589
Revenue Less Expenses$10,062,762($2,595,021,038)($2,139,906)
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 Year201620152014
Foundation and
Corporation Contributions
--$17,695,820$16,159,146
Government Contributions$0$0$0
Federal------
State------
Local------
Unspecified------
Individual Contributions$253,097$461,368$192,040
--$265,581,306--
$274,292,520$95,133$224,309,575
Investment Income, Net of Losses$19,317$98,372$96,900
Membership Dues------
Special Events------
Revenue In-Kind------
Other$8,157,314$16,591,656$1,368,035
Expense Allocation
Fiscal Year201620152014
Program Expense$270,262,660$287,012,146$270,976,887
Administration Expense$2,750,636$2,543,547$3,833,702
Fundraising Expense------
Payments to Affiliates------
Total Revenue/Total Expenses1.040.100.99
Program Expense/Total Expenses99%10%99%
Fundraising Expense/Contributed Revenue0%0%0%
Assets and Liabilities
Fiscal Year201620152014
Total Assets$111,303,682$98,488,099$85,929,078
Current Assets$87,782,092$83,355,310$295,211,784
Long-Term Liabilities----$1,564,047
Current Liabilities$42,903,947$40,077,580$36,933,474
Total Net Assets$68,399,735$58,410,519$47,431,557
Form 990s
2016 2016 990
2016 2016 990
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