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
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

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.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

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
Explore More Nonprofits
→Top 100 Nonprofits in Indiana →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Purdue Research Foundation with other nonprofits in Indiana and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.