Uwm Research Foundation Inc
- Assets
- $3.9m
- Revenue
- $743.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 11/2007
- Data as of
- 06/2022
- EIN
- 20-8297675
Organization Overview
Uwm Research Foundation Inc is located in Milwaukee, WI. The organization was established in 2007. According to its NTEE Classification (S05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Uwm Research Foundation Inc 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 06/2022, Uwm Research Foundation Inc generated $743.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT RESEARCH AND INNOVATION AT THE UNIVERSITY OF WISCONSIN-MILWAUKEE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT RESEARCH AND INNOVATION AT THE UNIVERSITY OF WISCONSIN-MILWAUKEE BY PROVIDING FUNDING FOR SCHOLARSHIPS AND GRANTS AND BY ENGAGING IN CORPORATE PARTNERING ACTIVITIES TO THAT END.
THE BRADLEY CATALYST GRANT PROGRAM IS DESIGNED FOR FOCUS ON SCIENCE AND ENGINEERING THAT HELPS FOSTER BASIC DISCOVERY AT THE UNIVERSITY OF WISCONSIN-MILWAUKEE AND BRING THOSE DISCOVERIES CLOSER TO COMMERCIALIZATION. FOUR GRANTS TOTAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Gilbert Ex-Officio Director | Trustee | 1 | $0 |
Gregg Tushaus Director | Trustee | 1 | $0 |
Jacquelyn Fredrick Chair/dir (thru Nov 21/mar 22), Treasurer | OfficerTrustee | 1 | $0 |
Michael Anderes Vice Chair (thru Nov 21), Chair | OfficerTrustee | 1 | $0 |
John Torinus Jr Treasurer (thru Mar 22) | OfficerTrustee | 1 | $0 |
Sujeet Chand Secretary (thru Nov 2021) | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Michael Best & Friedrich Llp Legal Services | 6/29/21 | $252,450 |
University Of Wisconsin - Milwaukee Various Services | 6/29/21 | $150,432 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $228,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $663,596 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $891,596 |
| Total Program Service Revenue | $353,005 |
| Investment income | -$500,919 |
| 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 | $743,682 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $393,378 |
| 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 | $812,785 |
| Fees for services: Legal | $52,705 |
| Fees for services: Accounting | $18,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,473 |
| Advertising and promotion | $12,671 |
| Office expenses | $15,195 |
| Information technology | $32,013 |
| Royalties | $0 |
| Occupancy | $14,915 |
| Travel | $1,064 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,290 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,510 |
| Insurance | $12,284 |
| All other expenses | $17,251 |
| Total functional expenses | $1,399,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,028 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $6,110 |
| Net Land, buildings, and equipment | $7,960 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,754,794 |
| Total assets | $3,912,892 |
| Accounts payable and accrued expenses | $78,539 |
| 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 | $65,054 |
| Total liabilities | $143,593 |
| Net assets without donor restrictions | $1,825,331 |
| Net assets with donor restrictions | $1,943,968 |
| 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 | $3,912,892 |