Auburn Research And Technology Foundation
- Assets
- $15.4m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Auburn, AL
- Founding
- 05/2006
- Data as of
- 09/2023
- EIN
- 20-1806718
Organization Overview
Auburn Research And Technology Foundation is located in Auburn, AL. The organization was established in 2006. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Auburn Research And Technology Foundation 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 09/2023, Auburn Research And Technology Foundation generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $1.8m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED TO HELP DEVELOP AND OPERATE THE AUBURN RESEARCH PARK AND TO ASSIST WITH THE ATTRACTION, DEVELOPMENT, AND COMMERCIALIZATION OF TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING PREVIOUS YEARS, ARTF APPLIED FOR AND RECEIVED A $225,000 GRANT FROM ALABAMA POWER FOR THE LAUNCH INNOVATION GRANT PROGRAM WHICH PROVIDES FUNDING FOR NEAR COMMERCIALIZATION TECHNOLOGIES AND INVENTIONS TO BECOME MARKET READY. AFTER A MULTI-STAGE COMPEITION, THE FOUNDATION AWARDED $100,000 TO A FACULTY RESEARCH PROJECT. THE PROJECT IS FOR A WORKING PROTOTYPE OF DRY PRINTING AND ADDITIVE NANOMANUFACTURING TECHNOLOGY THAT COULD ENABLE: 1. ON-DEMAND AND IN-SITU GENERATION OF VARIOUS PURE NANOPARTICLES (E.G., METALS, INSULATORS, SEMICONDUCTORS, SUPERCONDUCTORS, CERAMICS, COMPOSITES, ETC.), 2. IN-SITU AND REAL-TIME LASER SINTERING OF DRY NANOPARTICLES JET ON VARIOUS SUBSTRATES (POLYAMIDE, PET, PDMS, PAPER, METAL, CERAMIC, ETC.), WITH NO FURTHER POST-PROCESSING. THE REMAINING $125,000 IS RESTRICTED FOR AWARDS TO LAUNCH WINNERS IN FISCAL YEAR 2023 AND BEYOND. IN 2023, ARTF DISTRIBUTED $83,062 OF THE $125,000 RESTRICTED IN PRIOR YEARS.
ARTF OPERATES AN EVENT CENTER SPACE FOR COMMUNITY USE.
ARTF LEASES BUILDING WITHIN THE RESEARCH PARK AS A CHILDCARE CENTER FOR COMMUNITY BENEFIT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Roberts Board Member, Ex Officio | Trustee | 1 | $0 |
James Weyhenmeyer President Ending 7/13/23 | 1 | $0 | |
Vini Nathan Board Member | Trustee | 1 | $0 |
Paul Patterson Board Member | Trustee | 1 | $0 |
Steven Taylor President Eff 7/21/23 | OfficerTrustee | 1 | $0 |
Bill Dean Executive Director, Ex Officio | OfficerTrustee | 1 | $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 | $55,632 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,632 |
| Total Program Service Revenue | $120 |
| Investment income | $27,375 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,839,135 |
| 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 | $1,937,357 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $83,062 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $197,597 |
| Advertising and promotion | $30,859 |
| Office expenses | $18,643 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $174,826 |
| Travel | $11,091 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $466,635 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $497,689 |
| Insurance | $74,916 |
| All other expenses | $0 |
| Total functional expenses | $1,756,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,717,932 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,479,534 |
| Accounts receivable, net | $2,375,877 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,486,482 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $341,696 |
| Total assets | $15,401,521 |
| Accounts payable and accrued expenses | $28,539 |
| Grants payable | $0 |
| Deferred revenue | $27,978 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,672,703 |
| Unsecured mortgages and notes payable | $490,046 |
| Other liabilities | $303,054 |
| Total liabilities | $2,522,320 |
| Net assets without donor restrictions | $11,399,626 |
| Net assets with donor restrictions | $1,479,575 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,401,521 |
Grants Awarded
Over the last fiscal year, Auburn Research And Technology Foundation has awarded $83,062 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AUBURN UNIVERSITY SAMUEL GINN COLLEGE OF ENGINEERI PURPOSE: In support of research efforts to manufacture low-cost, long-lasting catalyst membranes for use in green hydrogen production. | $28,864 |
AUBURN UNIVERSITY SAMUEL GINN COLLEGE OF ENGINEERI PURPOSE: In support of research efforts in funding novel process to turn wood into wood pulp more effectively. | $43,175 |
FOREST PRODUCTS DEVELOPMENT CENTER PURPOSE: In support of reseach efforts with plant-based sustainable barrier coatings and films that are suitable for the food packaging industry to develop grease resistant paper coatings. | $11,023 |