University City Science Center
- Assets
- $110.8m
- Revenue
- $66.3m
- Investments
- $8.2m
- Employees
- 90
- Location
- Philadelphia, PA
- Founding
- 06/1966
- Data as of
- 12/2021
- EIN
- 23-1645908
Organization Overview
University City Science Center is located in Philadelphia, PA. The organization was established in 1966. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Science & Technology and related organizations. As of 12/2021, University City Science Center employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University City Science Center 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 12/2021, University City Science Center generated $66.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $20.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, University City Science Center has awarded 67 individual grants totaling $4,328,411. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO POWER PROGRESS THAT ADVANCES HEALTHCARE INNOVATION, UPLIFTS COMMUNITIES, AND IMPROVES LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
URBAN RESEARCH PARKSEE DETAIL SCHEDULE O NARRATIVE
CONVENESEE DETAIL SCHEDULE O NARRATIVE
COMMERCIALIZATIONSEE DETAIL SCHEDULE O NARRATIVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tiffany Wilson President And CEO | OfficerTrustee | 40 | $373,887 |
Tracy Brala Svp, Strategy & Partnerships | Officer | 40 | $341,399 |
Saul Behar Svp, Gc & Strategic Initiatives | Officer | 40 | $330,404 |
Aron Starosta Vp, Commercialization | Officer | 40 | $275,184 |
Lorraine Lopresti CFO | Officer | 20 | $223,441 |
Eamon Gallagher Sr. Director, Commercialization | 40 | $172,753 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Herman Goldner Co Inc Construction Services | 12/30/21 | $153,048 |
Flatiron Building Company Construction Services | 12/30/21 | $292,951 |
Gdi Services Inc Janitorial Services | 12/30/21 | $442,568 |
Allied Universal Security Services Security Services | 12/30/21 | $141,754 |
Eisneramper Llp Audit And Financial Services | 12/30/21 | $134,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $161,613 |
| Related organizations | $0 |
| Government grants | $1,073,615 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,079,068 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,314,296 |
| Total Program Service Revenue | $12,985,889 |
| Investment income | $1,316,653 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $49,677,742 |
| Net Income from Fundraising Events | $11,266 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,305,846 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $812,800 |
| 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. | $1,678,722 |
| Compensation of current officers, directors, key employees. | $789,587 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,683,290 |
| Pension plan accruals and contributions | $220,286 |
| Other employee benefits | $931,836 |
| Payroll taxes | $528,455 |
| Fees for services: Management | $267,880 |
| Fees for services: Legal | $93,972 |
| Fees for services: Accounting | $126,849 |
| Fees for services: Lobbying | $79,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,480,913 |
| Advertising and promotion | $83,389 |
| Office expenses | $594,309 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,022,382 |
| Travel | $66,349 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,474,154 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,702,363 |
| Insurance | $243,060 |
| All other expenses | $0 |
| Total functional expenses | $20,502,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,762,786 |
| Savings and temporary cash investments | $699,535 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,844,846 |
| 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 | $48,480 |
| Net Land, buildings, and equipment | $20,760,704 |
| Investments—publicly traded securities | $62,795,974 |
| Investments—other securities | $8,165,372 |
| Investments—program-related | $5,019,411 |
| Intangible assets | $0 |
| Other assets | $8,703,512 |
| Total assets | $110,800,620 |
| Accounts payable and accrued expenses | $2,853,022 |
| Grants payable | $0 |
| Deferred revenue | $943,805 |
| 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 | $19,141,614 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,824,975 |
| Total liabilities | $27,763,416 |
| Net assets without donor restrictions | $82,848,204 |
| Net assets with donor restrictions | $189,000 |
| 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 | $110,800,620 |
Grants Awarded
Over the last fiscal year, University City Science Center has awarded $788,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THE PENNSLYVANIA STATE UNIVERSITY PURPOSE: Proof of concept funding | $200,000 |
ROWAN UNIVERSITY PURPOSE: Proof of concept funding | $200,000 |
Philadelphia, PA PURPOSE: Proof of concept funding | $200,000 |
Newark, DE PURPOSE: Proof of concept funding | $94,000 |
Pittsburgh, PA PURPOSE: Proof of concept funding | $94,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that University City Science Center has recieved totaling $139,105.
| Awarding Organization | Amount |
|---|---|
Simons Foundation Inc New York, NY PURPOSE: DESIGN TO DISRUPT: EDUPRENEUR ROUNDTABLES | $47,700 |
Exelon Foundation Chicago, IL PURPOSE: OPENING DOORS FOR THE MINDS OF TOMORROW PROGRAM | $30,000 |
Life Science Cares Inc Cambridge, MA PURPOSE: DONATION TO ASSIST THE NONPROFIT | $25,000 |
Helen G Beatty Tr Uw Pittsburgh, PA PURPOSE: GENERAL OPERATING | $13,900 |
Cozen Oconnor Foundation Inc Philadelphia, PA PURPOSE: CHARITABLE CONTRIBUTION - UNRESTRICED TO SUPPORT NON-PROFITS MISSION. | $10,000 |
T/W Mary F Lindback Residuary Tr Nect Las Vegas, NV PURPOSE: GENERAL OPERATING | $7,500 |
Endowment Analysis
| Beg. Balance | $234,016 |
| Earnings | $51 |
| Ending Balance | $234,067 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Parallax Advanced Research Corp Beavercreek, OH | $15,622,847 | $40,733,328 |
New Jersey Innovation Institute Inc Newark, NJ | $15,517,542 | $28,426,314 |
Advanced Robotics For Manufacturing Institute Pittsburgh, PA | $8,985,791 | $26,581,090 |
University City Science Center Philadelphia, PA | $110,800,620 | $66,305,846 |
Mid Atlantic Technology Research And Innovation Center Inc South Charleston, WV | $6,385,617 | $13,785,560 |
Research Institute For Fragrance Materials Inc Woodcliff Lake, NJ | $12,937,991 | $12,251,592 |
Sustainable Manufacturing Innovation Alliance Corp West Henrietta, NY | $5,170,750 | $6,786,054 |
Iup Research Institute Indiana, PA | $2,848,522 | $4,793,628 |
Mccourt Institute New York, NY | $300,000 | $5,000,000 |
Biomedical Research Institute Rockville, MD | $13,124,832 | $4,727,292 |
Energy Industries Of Ohio Independence, OH | $770,477 | $4,328,724 |
Mipi Alliance Inc Piscataway, NJ | $8,458,712 | $3,844,753 |