KENNESAW STATE UNIVERSITY RESEARCH AND SERVICE FOUNDATION INC

EIN: 371535589 501(c)(3) Education

KENNESAW, GA

Total Revenue
$15,968,599
Total Expenses
$14,626,860
Total Assets
$9,552,328
Net Assets
$3,395,365
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
GA
Principal Officer
KARIN SCARPINATO
Phone
7704236036
Tax Period
2023-07-01 to 2024-06-30

KENNESAW STATE UNIVERSITY RESEARCH AND SERVICE FOUNDATION INC, founded in 2005, is a mid-sized nonprofit in the Education sector that reported $16.0M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $14.6M left a modest 8% surplus.

Mission

KSURSF FULFILLS TWO ROLES: KSURSF IS THE APPLICANT INSTITUTION FOR ALL PROPOSALS FOR EXTERNAL FUNDING, AND AWARDED PROJECTS ARE SUBCONTRACTED TO KSU UNDER A MASTER AGREEMENT BETWEEN KSURSF AND THE UNIVERSITY. PLEASE VISIT THE OFFICE OF SPONSORED PROGRAMS ADMINISTRATION WEBSITE FOR MORE INFORMATION. KSURSF IS THE AGENT CHARGED WITH ASSISTING FACULTY, STAFF AND STUDENTS IN THE PROTECTION AND MANAGEMENT OF INTELLECTUAL PROPERTY ON BEHALF OF THE UNIVERSITY, TO FURTHER THE RESEARCH MISSION OF THE UNIVERSITY AND SUPPORT EXPANDED SCHOLARSHIP OPPORTUNITIES. PLEASE VISIT THE OFFICE OF INTELLECTUAL PROPERTY DEVELOPMENT WEBSITE FOR MORE INFORMATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $840,965
Program Service Revenue $13,670,202
Investment Income $306,209
Other Revenue $1,151,223
TOTAL REVENUE $15,968,599

Expense Breakdown

Grants Paid $12,989,336
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $14,322,263
Other Expenses $1,637,524
TOTAL EXPENSES $14,626,860

Year-over-Year Comparison

2023 2022 Change
Revenue $15,968,599 $13,913,570 +0.1%
Expenses $14,626,860 $12,854,161 +0.1%
Net Income $1,341,739 $1,059,409 +0.3%
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
12
Independent Members
3
Employees
N/A
Volunteers
4

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
11
$2,280,651
Total Directors
12
$2,113,601
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHY SCHWAIG CHAIRPERSON 1.00
Officer Director
$0 $51,693 $460,675
IVAN PULINKALA CHIEF EXECUTIVE OFFICER 1.00
Officer Director
$0 $36,953 $329,891
KARIN SCARPINATO CHIEF OPERATING OFFICER 10.00
Officer Director
$0 $37,576 $196,186
SUMANTH YENDURI BOARD MEMBER 1.00
Officer Director
$0 $30,366 $267,732
AARON HOWELL TREASURER 5.00
Officer Director
$0 $42,236 $277,173
NWAKAEGO NKUMEH WALKER LEGAL AFFAIRS/BOARD MEMBER 5.00
Officer Director
$0 $38,480 $226,450
YUSUN CHANG BOARD MEMBER 1.00
Officer Director
$0 $29,117 $204,395
NICOLE FERGUSON BOARD MEMBER 1.00
Officer Director
$0 $26,290 $115,099
JORDYN UPTON STUDENT REPRESENTATIVE 1.00
Officer Director
$0 $0 $36,000
MARIA THACKER GOETHE BOARD MEMBER 1.00
Director
$0 $0 $0
DANA JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
KENNETH KC MARTIN BOARD MEMBER 1.00
Director
$0 $0 $0
TYLER REINAGLE COO (MARCH - JUNE 2023) 10.00
Officer
$0 $34,674 $167,050
AIMEE ROPER BOARD SECRETARY (NON-VOTING) 1.00
Officer
$0 $0 $0
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 $15,968,599 $14,626,860 $9,552,328 $1,341,739
2023 $13,913,570 $12,854,161 $6,164,265 $1,059,409
2022 $8,473,660 $9,526,508 $5,420,301 $-1,052,848
2021 $7,661,519 $7,132,916 $5,063,329 $528,603
2020 $6,865,153 $7,935,935 $4,765,095 $-1,070,782
2019 $7,990,331 $7,706,599 $6,708,086 $283,732
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