Usa Research And Technology Corporation

Organization Overview

Usa Research And Technology Corporation is located in Mobile, AL. The organization was established in 2004. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. USA Research And Technology Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2021, USA Research And Technology Corporation generated $3.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $3.5m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PRIMARY MISSION IS TO FURTHER THE EDUCATIONAL AND SCIENTIFIC RESEARCH MISSIONS OF THE UNIVERSITY OF SOUTH ALABAMA BY SEEKING TO ENHANCE THE LEARNING, TRAINING, AND OVERALL ACADEMIC EXPERIENCE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO FURTHER THE EDUCATIONAL AND SCIENTIFIC RESEARCH MISSIONS OF THE UNIVERSITY OF SOUTH ALABAMA, AN INSTITUTION OF HIGHER LEARNING AND A GOVERNMENTAL UNIT OF THE STATE OF ALABAMA. MORE SPECIFICALLY, THE ORGANIZATION SEEKS TO ENHANCE THE LEARNING, TRAINING AND OVERALL ACADEMIC EXPERIENCE OF THE UNIVERSITY'S STUDENTS AND MEMBERS OF ITS FACULTY. THE PURSUIT OF THESE EXEMPT PURPOSES SHOULD PRODUCE THE ADDITIONAL BENEFIT TO THE UNIVERSITY OF CREATING ATTRACTIVE INTERNSHIPS AND CAREER OPPORTUNITIES FOR THE UNIVERSITY'S STUDENTS, FACULTY AND GRADUATES WITH ACADEMIC BACKGROUNDS THAT ARE NEEDED BOTH WITHIN THE UNIVERSITY AND THE STATE OF ALABAMA. ADDITIONALLY, THE ORGANIZATION STRIVES TO CREATE AREAS OF RESEARCH COLLABORATION BETWEEN THE UNIVERSITY AND PRIVATE ENTERPRISE IN ADDITION TO FOSTERING A COMMUNITY OF INNOVATION IN WHICH PRIVATE ENTEPRISES MAY COLLABORATE AMONG THEMSELVES. THE ORGANIZATION HAS ACCOMPLISHED, AND IS CONTINUING TO ACCOMPLISH, ITS EXEMPT PURPOSE BY OPERATING A RESEARCH AND TECHNOLOGY CAMPUS IN WHICH TECHNOLOGY-BASED ENTERPRISES WITH SUBSTANTIAL RESEARCH AND DEVELOPMENT ACTIVITIES HAVE LOCATED. STUDENTS AND FACULTY OF THE UNIVERSITY ARE ABLE TO BE DIRECTLY INVOLVED IN THE RESEARCH AND DEVELOPMENT ACTIVITIES OF THE TECHNOLOGY-BASED ENTERPRISES; INVOLVEMENT THAT SUPPLEMENTS AND ENHANCES THE TRADITIONAL IN-CLASSROOM EXPERIENCE AVAILABLE TO STUDENTS AND FACULTY WITHIN THE UNIVERSITY. THE TECHNOLOGY-BASED ENTERPRISES ALSO OFFER SCHOLARSHIPS TO GIFTED STUDENTS AND COLLABORATE WITH THE UNIVERSITY ON WORK-STUDY OPPORTUNITIES, INTERNSHIPS AND OTHER COLLABORATIVE PROGRAMS INVOLVING UNIVERSITY STUDENTS AND FACULTY.


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Board, Officers & Key Employees

Name (title)Compensation
Tony Waldrop
Director
$0
John Smith
Director
$0
G Scott Weldon
Dir./vp/sec.
$0
Lynne Chronister
Officer
$0
Terry Albano
Director
$0
James Shumock
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$3,610,041
Investment income $530
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $125,226
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,738,277

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