University Of Iowa Research Foundation
- Assets
- $9.8m
- Revenue
- $3.7m
- Investments
- $183.8k
- Employees
- 10
- Location
- Iowa City, IA
- Founding
- 08/1975
- Data as of
- 06/2023
- 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 06/2023, University Of Iowa Research Foundation employed 10 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 06/2023, University Of Iowa Research Foundation generated $3.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $5.1m during the year ending 06/2023. 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
2023
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 2023, THE UIRF RECEIVED 72 DISCLOSURES OF NEW INVENTIONS FROM UI RESEARCHERS; FILED 77 US, 82 FOREIGN, AND 15 PCT PATENT APPLICATIONS; NO TRADEMARK OR COPYRIGHT REGISTRATION; OBTAINED 24 US AND 34 FOREIGN-ISSUED PATENTS.SEE SCHEDULE O FOR CONTINUATION . . . COMMERCIALIZING UI TECHNOLOGIES: DURING FISCAL YEAR 2023, THE UIRF DISTRIBUTED NET REVENUE OF $1.67 MILLION TO UI INVENTORS, COLLEGES, DEPARTMENTS, AND OTHER THIRD PARTY CO-OWNERS; EXECUTED 47 NEW LICENSE/OPTION AGREEMENTS.SUPPORTING NEW VENTURES: DURING FISCAL YEAR 2023, 5 OF THE 47 LICENSE/OPTION AGREEMENTS WITH STARTUP COMPANIES, 4 WERE WITH IOWA COMPANIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerbeshian Marie Secretary | OfficerTrustee | 40 | $244,565 |
Darsee Jon Director | Trustee | 1 | $0 |
Johnsonterry Treasurer | OfficerTrustee | 1 | $0 |
Scholtz J Martin President | OfficerTrustee | 1 | $0 |
Weiner George Director | Trustee | 1 | $0 |
Dunkel Nancy Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Viksnins Harris & Padys Pllp Legal | 6/29/23 | $1,694,358 |
Schwegman Lundberg & Woessner Legal | 6/29/23 | $834,471 |
Computer Packages Inc Patent Fees | 6/29/23 | $482,262 |
Smith Gambrell & Russell Llp Legal | 6/29/23 | $179,629 |
Denton Davis Brown Legal | 6/29/23 | $262,711 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $3,452,120 |
| Investment income | $257,910 |
| 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 | $3,710,030 |
| 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. | $347,931 |
| Compensation of current officers, directors, key employees. | $86,983 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $729,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $264,029 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,753 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $189,917 |
| Advertising and promotion | $766 |
| Office expenses | $2,149 |
| Information technology | $33,881 |
| Royalties | $1,666,603 |
| Occupancy | $0 |
| Travel | $56,543 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $11,414 |
| Total functional expenses | $5,113,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,358,012 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,910,915 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $202,990 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $68,613 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $183,817 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $115,000 |
| Total assets | $9,839,347 |
| Accounts payable and accrued expenses | $390,262 |
| 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 | $1,761,816 |
| Total liabilities | $2,152,078 |
| 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 | $7,687,269 |
| Total liabilities and net assets/fund balances | $9,839,347 |