University Of Iowa Research Foundation
- Assets
- $11.6m
- Revenue
- $3.8m
- Investments
- $250.4k
- Employees
- 8
- Location
- Iowa City, IA
- Founding
- 08/1975
- Data as of
- 06/2021
- EIN
- 23-7436761
Organization Overview
University Of Iowa Research Foundation is located in Iowa City, IA. The organization was established in 1975. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, University Of Iowa Research Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Iowa Research 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 06/2021, University Of Iowa Research Foundation generated $3.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $4.7m during the year ending 06/2021. 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
UIRF ASSISTS RESEARCHERS IN THE TRANSFER OF UI TECHNOLOGY FROM THE LAB TO THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAMMATIC FUNCTION OF GETTING INNOVATIONS OUT INTO THE WORLD CAN BE BROKEN DOWN INTO THREE PRIMARY ACTIVITIES: INTELLECTUAL PROPERTY SERVICES, COMMERCIALIZING UI TECHNOLOGIES AND SUPPORTING NEW VENTURES.INTELLECTUAL PROPERTY SERVICES: DURING FISCAL YEAR 2021, THE UIRF RECEIVED 101 DISCLOSURES OF NEW INVENTIONS FROM UI RESEARCHERS; FILED 91 US, 19 FOREIGN, AND 13 PCT PATENT APPLICATIONS; NO TRADEMARK OR COPYRIGHT REGISTRATION; OBTAINED 29 US AND 57 FOREIGN-ISSUED PATENTS.SEE SCHEDULE O FOR CONTINUATION . . . COMMERCIALIZING UI TECHNOLOGIES: DURING FISCAL YEAR 2021, THE UIRF DISTRIBUTED NET REVENUE OF $1.26 MILLION TO UI INVENTORS, COLLEGES, DEPARTMENTS, AND OTHER THIRD PARTY CO-OWNERS; EXECUTED 47 NEW LICENSE/OPTION AGREEMENTS.SUPPORTING NEW VENTURES: DURING FISCAL YEAR 2021, 6 OF THE 47 LICENSE/OPTION AGREEMENTS WITH STARTUP COMPANIES, 7 WERE WITH IOWA COMPANIES; AND 15 LICENSE/OPTION AGREEMENTS WITH SMALL COMPANIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie Kerbeshian Secretary | OfficerTrustee | 40 | $231,221 |
Mihaela Bojin Employee | 40 | $120,109 | |
Kellen Sensor Employee | 40 | $116,104 | |
J Martin Scholtz President | OfficerTrustee | 1 | $0 |
Terry Johnson Treasurer | OfficerTrustee | 1 | $0 |
Mark Arnold Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Viksnins Harris & Padys Pllp Legal | 6/29/21 | $908,363 |
Schwegman Lundberg & Woessner Legal | 6/29/21 | $258,064 |
Smith Gambrell & Russell Llp Legal | 6/29/21 | $102,100 |
Computer Packages Inc Legal | 6/29/21 | $194,369 |
Albert H Burstein Royalties | 6/29/21 | $101,762 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $127,307 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,307 |
| Total Program Service Revenue | $3,398,301 |
| Investment income | $237,573 |
| 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 | $3,763,181 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $336,271 |
| Compensation of current officers, directors, key employees. | $84,068 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $600,137 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $210,037 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $158,820 |
| Advertising and promotion | $0 |
| Office expenses | $9,077 |
| Information technology | $17,672 |
| Royalties | $1,421,751 |
| Occupancy | $181 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,651 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,542 |
| Insurance | $0 |
| All other expenses | $12,051 |
| Total functional expenses | $4,720,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,996,326 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,068,265 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $196,889 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $74,475 |
| Net Land, buildings, and equipment | $1,542 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $250,447 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250 |
| Total assets | $11,588,194 |
| Accounts payable and accrued expenses | $444,872 |
| 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 | $1,070,978 |
| Total liabilities | $1,515,850 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $10,072,344 |
| Total liabilities and net assets/fund balances | $11,588,194 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Of Iowa Research Foundation has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Turnip Top Foundation Santa Fe, NM PURPOSE: SUPPORT 501C3 ORGANIZATION | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
Illinois State University Foundation Normal, IL | $269,993,016 | $34,747,700 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Southern Illinois University Foundation Carbondale, IL | $260,208,288 | $31,565,742 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Private Education-Employers Trust St Louis, MO | $386,613 | $11,502,248 |
Northern Illinois University Foundation Dekalb, IL | $169,106,712 | $31,131,654 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |