Uwm Research Foundation Inc
- Assets
- $4.5m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 11/2007
- Data as of
- 06/2021
- 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 06/2021, Uwm Research Foundation Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 2.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
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. FIVE GRANTS TOTAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregg Tushaus Director (beg 11/17/20) | Trustee | 1 | $0 |
Jacquelyn Fredrick Vice Chair (thru 11/16/20) | OfficerTrustee | 1 | $0 |
Michael Anderes Director (thru 11/16/20) | Trustee | 1 | $0 |
John Torinus Jr Treasurer | OfficerTrustee | 1 | $0 |
Sujeet Chand Secretary | OfficerTrustee | 1 | $0 |
Brian Thompson President | Officer | 20 | $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 | $713,227 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $941,227 |
| Total Program Service Revenue | $372,591 |
| Investment income | $455,695 |
| 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 | $1,769,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $313,094 |
| 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 | $777,720 |
| Fees for services: Legal | $81,255 |
| 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 | $690 |
| Advertising and promotion | $7,342 |
| Office expenses | $14,647 |
| Information technology | $30,857 |
| Royalties | $0 |
| Occupancy | $14,920 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,393 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,297 |
| Insurance | $12,284 |
| All other expenses | $9,698 |
| Total functional expenses | $1,288,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $461,636 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,181 |
| 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 | $5,421 |
| Net Land, buildings, and equipment | $5,828 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,996,575 |
| Total assets | $4,481,641 |
| Accounts payable and accrued expenses | $53,945 |
| 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 | $98,076 |
| Total liabilities | $152,021 |
| Net assets without donor restrictions | $2,096,118 |
| Net assets with donor restrictions | $2,233,502 |
| 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 | $4,481,641 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Uwm Research Foundation Inc has recieved totaling $160,000.
| Awarding Organization | Amount |
|---|---|
Lynde And Harry Bradley Foundation Inc Milwaukee, WI PURPOSE: TO SUPPORT THE BRADLEY CATALYST GRANT PROGRAM | $150,000 |
Marjorie Siebert Aylen Foundation Inc Milwaukee, WI PURPOSE: GENERAL | $10,000 |
Endowment Analysis
| Beg. Balance | $1,325,367 |
| Earnings | $439,662 |
| Other Expense | $57,448 |
| Ending Balance | $1,707,581 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metals Service Center Institute Rolling Meadows, IL | $26,582,300 | $7,361,325 |
City Tech Collaborative Highland Park, IL | $367,085 | $1,231,737 |
Uwm Research Foundation Inc Milwaukee, WI | $4,481,641 | $1,769,513 |
Financial Services Stakeholder Project Chicago, IL | $1,578,131 | $1,949,382 |
Research Chefs Association Chicago, IL | $110,877 | $1,171,129 |
Legatus Ann Arbor, MI | $163,927 | $0 |
Defense Industry Initiative On Business Ethics & Conduct Chicago, IL | $1,067,245 | $351,815 |
Chicago Blend Group Chicago, IL | $33,894 | $126,227 |
Black Researchers Collective Chicago, IL | $184,644 | $286,245 |
Legatus Ann Arbor, MI | $47,563 | $0 |
Legatus Ann Arbor, MI | $96,381 | $0 |
Legatus Ann Arbor, MI | $62,521 | $0 |