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Florida State University Magnet Research And Development Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Science and Technology Research Institutes, Services N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$116k (2024)

Expenses
$70.6k (2024)

Total Assets
$347k (2024)

Total Liabilities
$39.7k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$115,796
Expenses
$70,561
Net Income
$45,235
Net Assets
$307,424
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $101,490
87.6%
Investment Income $14,306
12.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $347,086
Total Liabilities $39,662
Net Assets $307,424
Compensation
Key Employees and Officers Compensation Other
Stacey Patterson (President) $0 $0
Walter Lee (Treasurer) $0 $0
Kelly Stark (Secretary) $0 $0
Richard Mccullough (Director) $0 $0
Gregory Boebinger (Director) $0 $0
Mark Bird (Director) $0 $0
David Larbalestier (Director) $0 $0
Iain Dixon (Director) $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$10,648
Expenses
$24,373
Net Income
-$13,725
Net Assets
$262,189
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $10,648
100%
Assets/Debt
Total Assets $309,474
Total Liabilities $47,285
Net Assets $262,189
Compensation
Key Employees and Officers Compensation Other
Iain Dixon (Director) $0 $0
Gregory Boebinger (Director) $0 $0
Mark Bird (Director) $0 $0
David Larbalestier (Director) $0 $0
Richard Mccullough (Director) $0 $0
Kelly Stark (Secretary) $0 $0
Walter Lee (Treasurer) $0 $0
Stacey Patterson (President) $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$12,190
Expenses
$23,546
Net Income
-$11,356
Net Assets
$275,914
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $841
6.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $11,349
93.1%
Assets/Debt
Total Assets $287,131
Total Liabilities $11,217
Net Assets $275,914
Compensation
Key Employees and Officers Compensation Other
Iain Dixon (Director) $0 $0
Gregory Boebinger (Director) $0 $0
Mark Bird (Director) $0 $0
David Larbalestier (Director) $0 $0
Richard Mccullough (Director) $0 $0
Kelly Stark (Secretary) $0 $0
Shauna Walsh (Treasurer) $0 $0
Mark Riley (President) $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$653
Expenses
$29,583
Net Income
-$28,930
Net Assets
$287,270
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $653
100%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $333,322
Total Liabilities $46,052
Net Assets $287,270
Compensation
Key Employees and Officers Compensation Other
Iain Dixon (Director) $0 $0
John Thrasher (Director) $0 $0
Dr Gary Ostrander (Director) $0 $0
Dr Gregory Boebinger (Director) $0 $0
Dr Mark Bird (Director) $0 $0
Dr David Larbalestier (Director) $0 $0
Dr W Ross Ellington (Director) $0 $0
Kelly Starke (Secretary) $0 $0
Tiffany Ritter (Treasurer) $0 $0
Dr Laurel Fulkerson (President) $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$139,068
Expenses
$125,883
Net Income
$13,185
Net Assets
$316,200
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $137,713
99.0%
Investment Income $1,355
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $360,872
Total Liabilities $44,672
Net Assets $316,200
Compensation
Key Employees and Officers Compensation Related Other
Dr Ross Ellington (Vp/Directer Thru Aug 2019) $0 $193,056 $22,352
Iain Dixon (Director) $0 $153,692 $31,265
John Thrasher (Director) $0 $732,808 $289,941
Dr Gary Ostrander (President/Director) $0 $337,878 $55,089
Dr Gregory Boebinger (Director) $0 $361,181 $39,562
Dr Mark D Bird (Director) $0 $174,509 $23,354
Dr David Larbalestier (Director) $0 $305,754 $32,292
Kelly Starke (Secretary) $0 $70,575 $23,855
Tiffany Ritter (Treasurer) $0 $60,017 $22,977

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Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$95,834
Expenses
$114,168
Net Income
-$18,334
Net Assets
$303,016
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $95,834
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $439,692
Total Liabilities $136,676
Net Assets $303,016
Compensation
Key Employees and Officers Compensation Related Other
Iain Dixon (Director) $0 $152,695 $29,760
John Thrasher (Director) $0 $997,830 $277,802
Dr Gary Ostrander (President/Director) $0 $504,538 $52,134
Dr Gregory Boebinger (Director) $0 $356,474 $38,799
Dr Mark D Bird (Director) $0 $175,114 $22,566
Dr David Larbalestier (Director) $0 $300,379 $31,161
Kelly Starke (Secretary) $0 $69,346 $22,507
Tiffany Ritter (Treasurer) $0 $58,243 $21,550
Dr Ross Ellington (Former Vice President/Director) $0 $226,096 $35,204

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$657,193
Expenses
$687,150
Net Income
-$29,957
Net Assets
$321,350
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $657,190
100.0%
Investment Income $3
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $522,818
Total Liabilities $201,468
Net Assets $321,350
Compensation
Key Employees and Officers Compensation Related Other
Dr Ross Ellington (Vice President/Director) $0 $221,238 $33,889
Dr Gregory Boebinger (Director) $0 $302,520 $39,494
Mark D Bird (Director) $0 $171,218 $21,872
John Thrasher (Director) $0 $840,148 $258,826
Gary Ostrander (President/Director) $0 $326,403 $41,084
David Larbalestier (Director) $0 $293,888 $29,839
Iain Dixon (Director) $0 $144,884 $28,752
Clyde Rea (Treasurer) $0 $93,810 $29,227
Linda Mccorvey (Secretary) $0 $52,359 $23,820

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Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$480,520
Expenses
$730,607
Net Income
-$250,087
Net Assets
$351,307
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $480,508
100.0%
Investment Income $12
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $676,096
Total Liabilities $324,789
Net Assets $351,307
Compensation
Key Employees and Officers Compensation Related Other
Dr Ross Ellington (Vice President/Director) $0 $219,979 $31,542
Dr Gregory Boebinger (Director) $0 $272,688 $34,732
Mark D Bird (Director) $0 $171,078 $20,648
John Thrasher (Director) $0 $638,928 $185,966
Gary Ostrander (President/Director) $0 $317,913 $48,065
David Larbalestier (Director) $0 $281,592 $29,377
Iain Dixon (Director) $0 $145,290 $26,748
Clyde Rea (Treasurer) $0 $94,038 $27,448
Linda Mccorvey (Secretary) $0 $58,193 $21,199

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$959,374
Expenses
$1,561,034
Net Income
-$601,660
Net Assets
$601,394
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $959,214
100.0%
Investment Income $160
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $849,052
Total Liabilities $247,658
Net Assets $601,394
Compensation
Key Employees and Officers Compensation Related Other
Dr Ross Ellington (Vice President/Director) $0 $211,179 $30,814
Dr Gregory Boebinger (Director) $0 $255,303 $34,067
Mark D Bird (Director) $0 $165,635 $19,974
John Thrasher (Director) $0 $580,965 $180,716
Gary Ostrander (President/Director) $0 $305,639 $46,949
David Larbalestier (Director) $0 $254,189 $26,910
Iain Dixon (Director) $0 $137,034 $26,017
Clyde Rea (Treasurer) $0 $88,669 $26,629
Linda Mccorvey (Secretary) $0 $49,874 $19,022

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$790,739
Expenses
$778,676
Net Income
$12,063
Net Assets
$1,203,054
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $790,678
100.0%
Investment Income $61
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,474,193
Total Liabilities $271,139
Net Assets $1,203,054
Compensation
Key Employees and Officers Compensation Related Other
Dr Ross Ellington (Vice President) $0 $203,847 $29,717
Dr Gregory Boebinger (Director) $0 $236,311 $33,297
Mark D Bird (Director) $0 $157,506 $18,862
James Brooks (Director (7/1/14 10/24/14)) $0 $135,598 $15,754
John Thrasher (Director (11/6/14 6/30/15)) $0 $49,263 $13,698
Gary Ostrander (President/Director) $0 $297,793 $45,513
Garnett S Stokes (Director (7/1/14 11/6/14)) $0 $422,466 $23,264
David Larbalestier (Director) $0 $249,762 $25,978
Iain Dixon (Director (2/4/15 6/30/15)) $0 $131,050 $25,002
Clyde Rea (Treasurer) $0 $86,190 $26,066
Linda Mccorvey (Secretary) $0 $48,872 $18,597

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$743,054
Expenses
$685,107
Net Income
$57,947
Net Assets
$1,190,991
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $742,991
100.0%
Investment Income $63
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,858,123
Total Liabilities $667,132
Net Assets $1,190,991
Compensation
Key Employees and Officers Compensation Related Other
Dr Kirby W Kemper (Director (07/13 02/14)) $0 $7,761 $1,465
Dr Ross Ellington (Vp/Director) $0 $193,335 $25,200
Dr Gregory Boebinger (Director) $0 $229,090 $29,600
Mark D Bird (Director) $0 $153,659 $16,263
James Brooks (Director) $0 $161,304 $18,698
Dr Eric J Barron (Director (07/13 04/14)) $0 $645,922 $83,400
Gary Ostrander (President/Director) $0 $293,026 $43,259
Garnett S Stokes (Director (04/14 06/14)) $0 $338,562 $17,303
David Larbalestier (Director (03/14 06/14)) $0 $244,695 $16,426
Beth Hodges (Secretary (07/13 09/13)) $0 $69,000 $11,779
Clyde Rea (Treasurer) $0 $103,413 $22,101
Linda Mccorvey (Secretary (09/13 06/14)) $0 $49,865 $16,428

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,138,230
Expenses
$803,182
Net Income
$335,048
Net Assets
$1,133,044
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,138,168
100.0%
Investment Income $62
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,249,364
Total Liabilities $1,116,320
Net Assets $1,133,044

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,063,382
Expenses
$839,976
Net Income
$223,406
Net Assets
$797,996
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,059,085
99.6%
Investment Income $4,297
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,452,576
Total Liabilities $654,580
Net Assets $797,996

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$510,289
Expenses
$542,447
Net Income
-$32,158
Net Assets
$574,590
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $505,569
99.1%
Investment Income $4,720
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,099,238
Total Liabilities $524,648
Net Assets $574,590

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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