1. Financial Analysis Kuali Foundation Inc. Fiscal Years 2010-2015
instructional media + magic inc.
9 February 2014

2. Notes
The financial data primarily came from publicly available financial statements posted on the Kuali website [ and annual tax returns Form 990 released by the U.S. Internal Revenue Service.
The Foundation uses a July 1 to June 30 fiscal year.
Because data was manually copied from these documents, there may be errors even though quality assurance processes were followed. Copies of the source documents are available.
The data and slides are available as an Excel spreadsheet at

3. The term “Change in Assets” is equivalent to “profit” for profit-making organizations.
The term “Revenue and Support” signals programs or projects may be supported by monetary contributions and contributed services. Contributions are reported as “commitments” and considered restricted funds for one year.
“Write-off of Commitments” is used when an organization cannot fulfill or was released from its commitment.
Commitments are treated as equivalent of accounts receivable. The amounts are recorded as revenue and accounts receivable when the commitment is made.

5. Kuali Foundation Inc. Fiscal Year Revenue Expenses Change in Assets
838,468
529,266
309,202
2,348,388
1,669,094
679,294
12,757,001
13,528,504
(771,503)
14,864,918
21,589,807
(6,724,889)
16,832,920
21,814,562
(4,981,642)
28,301,661
19,541,493
8,760,168
21,888,490
23,790,647
(1,902,157)
17,317,843
32,358,126
(15,040,283)
Total
115,149,689
134,821,499
(19,671,810)

7. Kuali Student System 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15
Total
In-Kind
3,607,500
7,215,000
Partner
5,427,651
5,437,651
10,865,302
Contributions
2,500,000
2,593,936
4,816,093
13,192,000
9,657,000
9,045,151
41,804,180
Expenses
7,282,342
8,042,463
6,436,631
8,579,625
10,889,382
8,450,929
49,681,372
Project net
(4,782,342)
(5,448,527)
(1,620,538)
4,612,375
(1,232,382)
594,222
(7,877,192)
Cumulative deficit
(10,230,869)
(11,851,407)
(7,239,032)
(8,471,414)

9. Coeus Research Administration Project
Total
Contributions
426,000
2,432,150
5,074,891
1,127,079
2,032,500
2,630,438
13,723,058
Expenses
1,920,300
2,945,278
2,086,894
1,822,931
2,741,731
13,437,434
Project net
(1,494,300)
511,850
2,129,613
(959,815)
209,569
(111,293)
285,624
Cumulative return
(982,450)
1,147,163
187,348
396,917

11. Kuali Rice (infrastructure)
Total
Contributions
270,000
2,156,250
1,215,833
2,463,750
2,210,000
9,615,833
Expenses
1,383,072
1,743,810
2,397,513
2,265,038
2,379,577
12,117,486
Project net
(1,113,072)
412,440
(1,181,680)
198,712
(169,577)
(648,476)
(2,501,653)
Cumulative deficit
(700,632)
(1,882,312)
(1,683,600)
(1,853,177)

13. Financial Support, All Projects
Revenue
Expenses
Net
Student
42,128,016
49,681,372
(7,553,356)
Financial & HR
13,165,751
13,305,190
(139,439)
Research Admin
12,233,058
13,437,434
(1,204,376)
OLE (Library)
10,380,632
8,684,883
1,695,749
Student Accounts
3,100,000
490,000
2,610,000
Ready (Continuity)
280,000
3,650,216
(3,370,216)
Rice
9,615,833
12,117,436
(2,501,603)
Mobility
1,755,500
1,514,365
241,135
UXI User Interface
1,408,000
1,223,893
184,107
Total
94,066,790
104,104,789
(10,037,999)
Ready development program revenue does not include $706,875 received in 2014 and $760,000 received in 2013 for Ready cloud servicing. These amounts are included in total revenue.

15. Kuali Conferences 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15
Total
Kuali Days: Revenue
279,579
428,130
519,267
533,399
593,117
482,413
2,835,905
Kuali Days: Expenses
251,409
392,414
428,391
455,304
565,535
462,197
2,555,250
Workshop: Revenue
69,292
83,027
73,144
28,539
254,002
Workshop: Expenses
166,018
137,258
137,877
99,196
540,349
Total Change in Assets
28,170
35,716
(5,850)
23,864
(37,151)
(50,441)
(5,692)

17. Trends from to
Revenue
0.0%
16.5%
32.0%
121.9%
71.6%
35.8%
Membership Dues
10.7%
42.8%
52.9%
71.0%
42.3%
Expenses
59.6%
61.2%
44.4%
75.9%
137.7%
Write-off of Commitments
-17.7%
-83.5%
-74.1%
399.5%
Foundation Expenses
84.1%
52.5%
118.9%
77.9%
65.6%
Change in Assets
771.7%
545.7% %
146.6%
1849.5%

19. Management Ratios Management Ratios 2009-10 2010-11 2011-12 2012-13
Development cost/revenue
125.4%
143.4%
130.3%
71.0%
117.7%
170.7%
Conferences Revenue/Expenses
111.2%
109.1%
99.0%
104.0%
94.7%
91.0%
Foundation expenses/program revenue
6.0%
9.3%
6.6%
5.5%
6.1%
5.3%
Write-off/revenue
0.0%
15.8%
11.5%
1.4%
2.8%
67.6%

20. The end

21. Data Sources
Financial data for and were taken from IRS Tax Returns form 990. For through data was taken from Kuali Foundation Inc. financial statements as available from the Kuali sites. Data tables that are source for the charts, which may also include additional totals, are provided after each graphic.