University of Kentucky Research Foundation

EIN: 616033693 501(c)(3) Education

Lexington, KY

Total Revenue
$496,128,536
Total Expenses
$482,869,232
Total Assets
$277,068,976
Net Assets
$214,900,391
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
KY
Phone
8592574758
Tax Period
2024-07-01 to 2025-06-30

University of Kentucky Research Foundation, founded in 1945, is a major nonprofit in the Education sector that reported $496.1M in total revenue in fiscal year 2024.

Mission

THE PROGRAM 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. THE UNIVERSITY OF KENTUCKY OPERATES THE CORPORATION AS A COST CENTER WITHIN ITS CONSOLIDATED FINANCIAL STATEMENTS. THE AMOUNTS REFLECTED ON THIS RETURN ARE THE UNIVERSITY OF KENTUCKY RESEARCH FOUNDATION DEPARTMENT COST CENTER AND INCLUDE FUNDS DEPOSITED OR DISBURSED DIRECTLY BY THE UNIVERSITY UNDER ITS EMPLOYER IDENTIFICATION NUMBER (EIN) RATHER THAN THAT OF THE CORPORATION. INDEPENDENT CONTRACTORS IF APPLICABLE ARE PAID UNDER THE UNIVERSITY'S EIN AND IRS FORM 1099S ARE ISSUED UNDER THE UNIVERSITY'S EIN AS WELL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,242,330
Program Service Revenue $476,751,124
Investment Income $9,912,095
Other Revenue $2,222,987
TOTAL REVENUE $496,128,536

Expense Breakdown

Grants Paid $52,044,209
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $477,484,005
Other Expenses $430,825,023
TOTAL EXPENSES $482,869,232

Year-over-Year Comparison

2024 2023 Change
Revenue $496,128,536 $486,683,815 +0.0%
Expenses $482,869,232 $460,782,302 +0.0%
Net Income $13,259,304 $25,901,513 -0.5%
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
10
Independent Members
4
Employees
N/A
Volunteers
N/A

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
4
$3,109,706
Total Directors
10
$7,136,028
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELI CAPILOUTO PRESIDENT 1.0
Officer Director
$0 $407,077 $2,220,088
ILHEM MESSAOUDI VICE PRESIDENT AND EXECUTIVE DIRECTOR 1.0
Officer Director
$0 $43,918 $386,804
ERIC N MONDAY DIRECTOR 1.0
Director
$0 $395,687 $1,989,626
EUGENE KRENTSEL DIRECTOR 1.0
Director
$0 $0 $0
JACK SUPPLEE DIRECTOR 1.0
Director
$0 $0 $0
JANIE GREER DIRECTOR 1.0
Director
$0 $0 $0
REBECCA MCCULLEY DIRECTOR 1.0
Director
$0 $39,947 $304,240
ROBERT DIPAOLA DIRECTOR 1.0
Director
$0 $288,010 $1,984,219
RON GEOGHEGAN DIRECTOR 1.0
Director
$0 $0 $0
SIDNEY WHITEHEART DIRECTOR 1.0
Director
$0 $39,884 $251,051
PENNY COX TREASURER 1.0
Officer
$0 $41,372 $371,363
TONI SMITH SECRETARY 1.0
Officer
$0 $34,762 $131,451
LISA CASSIS FORMER VICE PRESIDENT AND EXECUTIVE DIRECTOR 0.0
$0 $66,547 $663,784
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 $496,128,536 $482,869,232 $277,068,976 $13,259,304
2024 No data No data No data No data
2023 $462,956,333 $447,136,661 $234,312,146 $15,819,672
2022 $445,323,168 $424,187,317 $216,100,001 $21,135,851
2021 $369,852,057 $366,833,702 $188,775,172 $3,018,355
2020 $346,768,656 $332,809,422 $180,100,323 $13,959,234
2019 $342,151,289 $321,193,095 $164,539,234 $20,958,194
2018 $315,790,010 $302,313,800 $144,756,748 $13,476,210
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