Uncw Research Foundation
- Assets
- $602.0k
- Revenue
- $475.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, NC
- Founding
- 12/2014
- Data as of
- 06/2023
- EIN
- 26-2590097
Organization Overview
Uncw Research Foundation is located in Wilmington, NC. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Uncw 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, Uncw Research Foundation generated $475.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $392.5k during the year ending 06/2023. While expenses have increased by 2.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PURSUE THE DEVELOPMENT OF RESEARCH FACILITIES AND RESEARCH PROJECTS FOR THE UNIVERSITY OF NORTH CAROLINA AT WILMINGTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARBIONC DEVELOPMENT GROUP, LLC IS A SINGLE-MEMBER LLC OF THE UNCW RESEARCH FOUNDATION. ITS MISSION IS TO PURSUE ECONOMIC DEVELOPMENT OF RESEARCH DISCOVERIES, MATERIALS, COMPOUNDS, AND/OR INTELLECTUAL PROPERTY, AS WELL AS CAPITAL FACILITIES FOR THE USE AND BENEFIT OF THE UNCW RESEARCH FOUNDATION AND THE UNIVERSITY THROUGH COLLABORATIVE RESEARCH RELATIONSHIPS AND/OR CONTRACTING ENTITIES FOR FACULTY START-UPS, PRIVATE INDUSTRY, AND GOVERNMENT OR QUASI-GOVERNMENT INSTITUTIONS AND AGENCIES. ROYALTY DISTRIBUTIONS WERE GIVEN DURING FISCAL YEAR 2022 IN RELATION TO THESE INTELLECTUAL PROPERTIES.
UNCW RESEARCH FOUNDATION AND THE CITY OF WILMINGTON AGREED TO MAKE PUBLIC FUNDS AVAILABLE TO THE RESEARCH FOUNDATION TO HELP ESTABLISH THE CIE IN ORDER TO SERVE THE PUBLIC INTEREST BY PROMOTING AND SUPPORTING ECONOMIC GROWTH AND DEVELOPMENT WITHIN THE CITY. CIE PROVIDES SERVICES AND PROGRAMS IN THE AREAS OF SMALL BUSINESS TRAINING, MENTORING PROGRAMS, PUBLIC EVENTS, AND RESEARCH SERVICES. FUND WILL BE USED FOR THESE PURPOSES ALONG WITH OBTAINING, EQUIPPING AND STAFFING ADEQUATE OFFICE SPACE AND FACILITIES FOR CIE TO CONDUCT OPERATIONS AND PROVIDE SERVICES TO SMALL BUSINESS.
SUPPORTING DEVELOPMENT OF INTELLECTUAL PROPERTY AND REGIONAL ECONOMIC DEVELOPMENT EFFORTS IN SOUTHEASTERN NC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miles Lackey Chairman | OfficerTrustee | 1 | $0 |
Mark Lanier Secretary | OfficerTrustee | 1 | $0 |
Stuart Borrett President | OfficerTrustee | 1 | $0 |
Roberta Lasure Treasurer | OfficerTrustee | 1 | $0 |
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 | $2,816 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,816 |
| Total Program Service Revenue | $267,172 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $155,000 |
| 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 | $474,988 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,688 |
| 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 | $0 |
| Fees for services: Legal | $400 |
| Fees for services: Accounting | $7,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,144 |
| Office expenses | $40,714 |
| Information technology | $1,000 |
| Royalties | $113,880 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,916 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,823 |
| All other expenses | $7,257 |
| Total functional expenses | $392,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $503,960 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $85,189 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,000 |
| Intangible assets | $7,833 |
| Other assets | $0 |
| Total assets | $601,982 |
| Accounts payable and accrued expenses | $6,477 |
| Grants payable | $0 |
| Deferred revenue | $69 |
| 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 | $0 |
| Total liabilities | $6,546 |
| Net assets without donor restrictions | $481,093 |
| Net assets with donor restrictions | $114,343 |
| 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 | $601,982 |