Oregon Nanoscience And Microtechnologies Institute
- Assets
- $2.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 2
- Location
- Corvallis, OR
- Founding
- 04/2006
- Data as of
- 06/2020
- EIN
- 20-2630181
Organization Overview
Oregon Nanoscience And Microtechnologies Institute is located in Corvallis, OR. The organization was established in 2006. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Oregon Nanoscience And Microtechnologies Institute employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oregon Nanoscience And Microtechnologies Institute 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 06/2020, Oregon Nanoscience And Microtechnologies Institute generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $958.9k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (19.1%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SUSTAIN AND EXTEND THE SUCCESS OF OREGON'S WORLD-LEADING HIGH TECHNOLOGY INDUSTRY CLUSTER AND OTHER EMPLOYMENT SECTORS WHICH CAN BENEFIT FROM THE USE OF ADVANCED NANO- AND MICRO-SCALE TECHNOLOGY BY DIRECTLY OR INDIRECTLY CREATING THE NEW AND REPLACEMENT HIGH-WAGE JOBS REQUIRED FOR OREGON'S ECONOMIC HEALTH IN THE FAST-CHANGING GLOBAL ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIGNATURE RESEARCH CENTER GRANT - PROMOTE AND SUPPORT A GROWING NUMBER OF SCIENCE AND TECHNOLOGY BASED STARTUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Skip Rung President/exec Director | Officer | 25 | $165,046 |
Cindy Dahl Vice President, Operations | Officer | 35 | $16,533 |
Dr Cheryl Macleod Board Chair | OfficerTrustee | 2 | $0 |
Dr Michael Elliott Director | Trustee | 1 | $0 |
Mark Brady Director | Trustee | 1 | $0 |
Michael O'halloran Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
August J Sick Dba Aj Sick Consulting Private Consulting Practice | 6/29/22 | $101,500 |
Technology Business Development Llc Commercialization Program | 6/29/22 | $201,017 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,575,361 |
| Investment income | $1,186 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,566,844 |
| Statement of Expenses | |
|---|---|
| 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. | $316,085 |
| 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 | $5,055 |
| Fees for services: Accounting | $56,618 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $79 |
| Information technology | $3,657 |
| Royalties | $0 |
| Occupancy | $7,124 |
| Travel | $5,736 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,680 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $379 |
| Insurance | $3,250 |
| All other expenses | $0 |
| Total functional expenses | $958,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,116,128 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $59,239 |
| Accounts receivable, net | $0 |
| 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 | $2,654 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,310,008 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,489,054 |
| Accounts payable and accrued expenses | $60,432 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $60,432 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,428,622 |
Grants Awarded
Over the last fiscal year, Oregon Nanoscience And Microtechnologies Institute has awarded $1,099,737 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
OREGON HEALTH & SCIENCE UNIVERSITY PURPOSE: COMMERCIALIZATION AND RESEARCH | $437,947 |
OREGON STATE UNIVERSITY PURPOSE: COMMERCIALIZATION AND RESEARCH | $411,380 |
PORTLAND STATE UNIVERSITY PURPOSE: COMMERCIALIZATION AND RESEARCH | $250,410 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Foundation San Francisco, CA | $136,274,072 | $130,699,963 |
The Chicago School - California Inc Los Angeles, CA | $127,785,110 | $98,235,232 |
Uw Physicians Network Seattle, WA | $28,108,083 | $71,347,510 |
Social Good Fund Richmond, CA | $64,387,201 | $85,650,973 |
Avid Center San Diego, CA | $134,506,037 | $61,146,519 |
Khan Academy Inc Mountain View, CA | $115,035,528 | $59,263,743 |
California School Employees Association San Jose, CA | $160,720,307 | $80,296,309 |
Snohomish County Workforce Development Council Everett, WA | $4,878,979 | $47,934,088 |
Prager University Foundation Sherman Oaks, CA | $86,724,321 | $65,499,557 |
The Oakland Public Education Fund Oakland, CA | $29,835,630 | $28,210,005 |
Unicare Community Health Center Inc Ontario, CA | $12,734,998 | $31,780,162 |
University Studies Abroad Consortium Reno, NV | $41,233,258 | $28,044,577 |