Purdue Research Foundation

EIN: 351052049 501(c)(3) Education

West Lafayette, IN

Total Revenue
$169,421,704
Total Expenses
$199,166,269
Total Assets
$4,439,087,595
Net Assets
$1,300,044,603
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1930
Legal Domicile
IN
Phone
7655881061
Tax Period
2022-07-01 to 2023-06-30

Purdue Research Foundation, founded in 1930, is a major nonprofit in the Education sector that reported $169.4M in total revenue in fiscal year 2022. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $199.2M exceeded revenue, resulting in a 18% operating deficit.

Mission

The primary mission of Purdue Research Foundation is to advance the mission of Purdue University.

Program Service Accomplishments

Program 1
Expenses: $112,776,718 Revenue: $42,972,844

Purdue Research Foundation (the Foundation) was created in 1930. The primary purpose of the Foundation is to promote the educational purpose of Purdue University (the University); seek, acquire...

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Purdue Research Foundation (the Foundation) was created in 1930. The primary purpose of the Foundation is to promote the educational purpose of Purdue University (the University); seek, acquire, manage gifts, bequests and endowments; make funding available to faculty, staff, and students to aid in scientific investigation, research or educational studies; develop land to provide proper spaces for the University's innovations to thrive; and manage intellectual property developed at the University and ensure technologies developed at the University are patented and licensed and to advance these innovations toward market impact by assisting start-up companies formed around intellectual property developed at the University.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $43,909,235
Program Service Revenue $39,353,397
Investment Income $51,169,151
Other Revenue $34,989,921
TOTAL REVENUE $169,421,704

Expense Breakdown

Grants Paid $52,470,396
Salaries & Benefits $49,227,169
Fundraising Expenses $38,988,481
Program Expenses $112,776,718
Other Expenses $97,468,704
TOTAL EXPENSES $199,166,269

Year-over-Year Comparison

2022 2021 Change
Revenue $169,421,704 $255,699,800 -0.3%
Expenses $199,166,269 $157,836,051 +0.3%
Net Income $-29,744,565 $97,863,749 -1.3%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
16
Independent Members
16
Employees
502
Volunteers
16

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$2,026,799
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Chair 7.0
Officer Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Secretary 40.0
Officer
$78,637 $30,038 $108,675
N/A President 40.0
Officer
$352,689 $43,821 $396,510
N/A VP, Office of Technology Commercialization 40.0
Officer
$288,235 $70,398 $358,633
N/A Assistant Secretary 40.0
Officer
$170,699 $43,564 $214,263
N/A SVP and Director of Innovation and Entrepreneurship 40.0
Officer
$292,944 $64,672 $357,616
N/A Vice President for Research (beg Jan 2023) 1.0
Officer
$0 $0 $0
N/A CFO & Treasurer 40.0
Officer
$364,456 $44,045 $408,501
N/A Assistant Treasurer 40.0
Officer
$149,734 $32,867 $182,601
N/A Vice President for Research (until Feb 2023) 1.0
Officer
$0 $0 $0
N/A Director of Investments 40.0
Highest
$326,936 $47,453 $374,389
N/A Director Krach Institute for Tech Diplomacy (Partial Year) 40.0
Highest
$460,444 $47,457 $507,901
N/A Chief Innovation and Collaboration Officer 40.0
Highest
$437,980 $39,655 $477,635
N/A Chief Investment Officer 40.0
Highest
$529,011 $45,605 $574,616
N/A P4L President & CEO and VP Univ Advancement 40.0
Highest
$426,106 $51,006 $477,112
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $169,421,704 $199,166,269 $4,439,087,595 $-29,744,565
2022 $255,699,800 $157,836,051 $4,144,181,780 $97,863,749
2021 $243,924,162 $138,495,804 $4,263,789,594 $105,428,358
2020 $183,185,294 $153,938,530 $3,096,906,780 $29,246,764
2019 $212,466,003 $138,290,498 $3,109,563,588 $74,175,505
2018 $195,009,071 $133,415,241 $2,972,546,979 $61,593,830
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