Page 58 - Gates-AnnualReport-2019

Consistent with our mission and past priorities, center research program support of $730,619 was the largest expense category, totaling 29% of all spending for 2019. This amount was below our 5-year average of $850,000 as we have fulfilled long-term commitments made to key campus investigators. Investments in equipment and operations of the core facilities and the Gates Center laboratories totaled $576,000 (23% of expenses) in 2019, which was consistent with prior years. The balance of our expenses was for marketing and development totaling $563,000 (23% of expenses), center enrichment, educational activities and commercialization support totaling $375,000 (15% of expenses), and center administration totaling $235,000 (9% of expenses).
The Gates Center net of sources of income less expenditures was $80,391 for the fiscal year ended 6/30/2019 leaving a fund balance $96,000 for this period.
Our current funding is sufficient to meet our expenses and research funding obligations through December 2020, and we have new funding commitments in place to cover Gates Center operations through December 2025.
2015
2016
2017
2018
2019
Infrastructure and Operations Grants
Gates Frontiers Fund
$1,000,000
$1,200,000
$1,200,000
$1,200,000
$1,200,000
University of Colorado Foundation
$1,000,000
$600,000
$600,000
$600,000
$600,000
University of Colorado Presidents Office
$600,000
$600,000
$600,000
$600,000
Philanthropy
$10,330
$147,617
$200,000
$327,585
$159,669
Infrastructure and Operations Grants
$2,010,330
$2,547,617
$2,600,000
$2,727,585
$2,559,669
Gates Center Expenditures
Center Research Program Support
$751,750
$976,914
$721,053
$1,072,416
$730,619
Lab Operations and Core Facilities
$619,465
$494,696
$594,723
$580,161
$575,931
Marketing & Development
$338,655
$336,937
$530,526
$554,373
$562,529
Center Admin/Maint/Supplies
$336,792
$376,593
$389,380
$474,671
$235,213
Center Enrichment, Education and Commercialization
$134,719
$255,649
$285,939
$257,238
$374,986
Total Expenditures
$2,181,381
$2,440,789
$2,521,621
$2,938,859
$2,479,278
Center Sources - Expenditures
($171,051)
$106,828
$78,379
($211,274)
$80,391
58 Gates Center for Regenerative Medicine