The Research Foundation EIN 43-1349021

The Research Foundation

EIN  43-1349021 Public charity (501(c)(3)) Kansas City, MO Founded 1984
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/16/26 · see original filing: IRS
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Size
$1–10M
What they do
Invests in health programs and partnerships for students, professionals, patients, and the Kansas City community.
Leadership
Cynthia a Randazzo · President & CEO · $273K
Money in and out
$7.6M revenue, $3.2M expenses
Bottom line
83% program efficiency

Invests in health programs and partnerships for students, professionals, patients, and the Kansas City community. For fiscal year 2024 it reported $7.6M in revenue, $3.2M in expenses, and $112.1M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$7.6M
Pt VIII · Ln 12
Total expenses
$3.2M
Pt IX · Ln 25
Net assets
$112.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4.4M
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.12 Fundraising $0.06
Program efficiency
83%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
425.9mo
months of highly liquid reserves at operating expense rate▼ -1% vs prior filing year
Surplus margin
+58%
revenue over expenses, this year▲ +141% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$7.6M
FY2024▲ +105%
Expenses
$3.2M
FY2024▲ +12%
Total assets
$112.4M
FY2024▲ +11%
Total liabilities
$258K
FY2024▲ +16%
Total revenue
$7.6M
Pt VIII · Ln 12
Total expenses
$3.2M
Pt IX · Ln 25
Net assets
$112.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$4.4M
Total assetsPt X · Ln 16$112.4M
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 321
Independent voting membersPt I · Ln 420
Mission & Programs · Part III

Where the work happens

2 program services account for $2.6M of program spending, described in the organization's own filed words · FY2024.
01

The research foundation's main program activities include supporting health care students, nursing students and health care professionals, patients, and the kansas city community. (continued on schedule o)healthcare students:scholarships were provided to 80 undergraduate nursing students and accelerated nursing students who attend…

$1.4Mprogram expense
02

Community Grants Program

The research foundation continued its community grants program that allowed non-profit organizations to apply for grant support. The research foundation focused its grants on organizations with health-centered missions that primarily serve residents in jackson county, missouri, prioritizing urban kansas city.

$1.2Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Research Foundation
EINHdr · item D43-1349021
Principal addressHdr · item CKansas City, MO
Year of formationHdr · item L1984
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E110)
Ruling yearIRS BMFDec 1984

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a21
Independent voting membersPt VI · Ln 1b20
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President & CEO
$273,443Pt VII · Sec A
Director of Development
$120,270Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (term Start 5/22/24)
$0Pt VII · Sec A
Director (term End 8/14/24)
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (term Start 8/28/24)
$0Pt VII · Sec A

Cynthia a Randazzo’s $273K as President & CEO is at the 86th percentile of top reported officer pay among 3116 $1–10M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Cynthia a Randazzo$273,443$268,723$258,996
Cynthia Randazzo$252,991$256,058
Rose M Simone$123,440
Rose Simone$120,270$119,200$115,067$116,466

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Investment income$6.1M · 80%
Contributions & grants$1.3M · 17%
Other revenue$279K · 4%
Investment income80%$6.1M
Contributions & grants17%$1.3M
Other revenue4%$279K
— government grantsLn 1e$100K
Total revenueLn 12$7.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.12 Fundraising $0.06
Program services83%$2.6M
Management & general12%$367K
Fundraising6%$183K
Total functional expensesLn 25$3.2M

Balance Sheet

Part X · end of year
CashLn 1$479K
Total assetsLn 16$112.4M
Total liabilitiesLn 26$258K
Total net assetsLn 32$112.1M
Months of cash on handcomputed1.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $112.0M · Operating expenses (Pt IX) $3.2M · Less non-cash grants $6K · Cash operating expenses/yr $3.2M
425.9 months
Where the money goes
Program services
Program services $2.6M · Total expenses $3.2M
83%
Management & General
Management & general $367K · Total expenses $3.2M
12%
Fundraising
Fundraising $183K · Total expenses $3.2M
6%
Cost to raise $1
Fundraising expense (3-yr avg) $165K · Solicited contributions (3-yr avg) $1.0M
$0.16 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.3M · Total revenue $7.6M
17%
Government reliance
Government grants $100K · Total revenue $7.6M
1%
Earned-income share
Program service revenue $0 · Total revenue $7.6M
0%
Investment reliance
Investment income $6.1M · Total revenue $7.6M
+80%
Program self-sufficiency
Program service revenue $0 · Total expenses $3.2M
0%
Growth & trend
Revenue growth (YoY)
This year $7.6M · Prior year $3.7M
+105%
Revenue CAGR
FY2020 $2.6M · FY2024 $7.6M
+31%
Net-asset trend (YoY)
End of year $112.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $7.6M · Expenses $3.2M
+58%
Liabilities-to-Assets
Total liabilities — · Total assets $112.4M
Net-asset ratio
Net assets $112.1M · Total assets $112.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $111.4M · Other securities (Pt X, ln 12) $127K · Total assets (Pt X, ln 16) $112.4M
99%
People & payroll
Highest Reported Total Compensation
Individual Cynthia a Randazzo · Reported title PRESIDENT & CEO · Highest reported compensation $273K · Total expenses $3.2M
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.1M · Total expenses $3.2M
34%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 12%
Fundraising cost ratio 14%
Revenue growth 105%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 14 funders →
Grants paid · 92 grants · $4.9M · 2020–2024
Unitemized GrantFY2024$393,288
Unitemized GrantFY2024$114,718
Unitemized GrantFY2024$56,234
Veterans Community ProjectMO · FY2024$50,000
Rose Brooks Center INCMO · FY2024$50,000
Prep-KcMO · FY2024$50,000
NewhouseFY2024$50,000
Mother's RefugeMO · FY2024$50,000
Kansas City Care ClinicMO · FY2024$50,000
Hope Family Care Center LLCMO · FY2024$50,000
Child Protection Center INCMO · FY2024$50,000
Ability KcMO · FY2024$50,000
Operation Breakthrough INCMO · FY2024$45,000
Operation Breakthrough INCMO · FY2024$40,000
See all 92 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$7.6M revenue · viewing · ⤓ 990 PDF
FY2023$3.7M revenue · ⤓ 990 PDF
FY2022$3.3M revenue · ⤓ 990 PDF
FY2021$7.0M revenue · ⤓ 990 PDF
FY2020$2.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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