University Research Park Inc is located in Madison, WI. The organization was established in 1985. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. University Research Park 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 12/2020, University Research Park Inc generated $19.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $12.6m during the year ending 12/2020. While expenses have increased by 3.8% 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.
Since 2015, University Research Park Inc has awarded 34 individual grants totaling $9,319,217. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ACQUIRES, HOLDS, ADMINISTERS & DISTRIBUTES REAL & PERSONAL PROPERTY FOR THE BENEFIT OF UW-MADISON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL ACTIVITY OF REAL AND PERSONAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY.
CONTRIBUTIONS TO THE UW-MADISON FOR SPECIFIC PROJECTS AS REQUESTED BY THE UNIVERSITY.
CHARITABLE CONTRIBUTIONS AND SUPPORT TO ORGANIZATIONS OTHER THAN UW-MADISON
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Aaron Olver Assistant Secretary/treasurer | Officer | 40 | $237,113 |
Paul Meunch Associate Director | Officer | 40 | $205,627 |
Pamarella Hetland Chief Financial Officer | Officer | 40 | $131,554 |
Matthew Mcconnell Assistant Director | 40 | $112,720 | |
Rebecca Blank President | OfficerTrustee | 2 | $0 |
Thomas F Pyle Vice President | OfficerTrustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Atmosphere Commercial Interiors Ll Office Furniture | 12/30/19 | $150,373 |
Us Vet General Contracting Llc Construction/remodel | 12/30/19 | $465,395 |
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 | $125,000 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $125,000 |
Total Program Service Revenue | $18,655,993 |
Investment income | $543,515 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $171,794 |
Net Gain/Loss on Asset Sales | $31,204 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $19,527,506 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,516,288 |
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. | $972,371 |
Compensation of current officers, directors, key employees. | $252,675 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $361,367 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $88,124 |
Fees for services: Accounting | $34,925 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $78,886 |
Fees for services: Other | $246,972 |
Advertising and promotion | $150,887 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $2,946 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $2,239,779 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,668,875 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $12,618,796 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $9,886,368 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $6,416,989 |
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 | $746,789 |
Net Land, buildings, and equipment | $112,785,732 |
Investments—publicly traded securities | $30,395,669 |
Investments—other securities | $158,919 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,727,330 |
Total assets | $162,117,796 |
Accounts payable and accrued expenses | $5,562,622 |
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 | $54,905,743 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $4,506,417 |
Total liabilities | $64,974,782 |
Net assets without donor restrictions | $97,143,014 |
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 | $0 |
Total liabilities and net assets/fund balances | $162,117,796 |
Over the last fiscal year, University Research Park Inc has awarded $1,724,383 in support to 4 organizations.
Grant Recipient | Amount |
---|---|
UNIVERSITY OF WISCONSIN-MADISON PURPOSE: FOR SPECIFIC PROJECT | $1,690,555 |
Madison, WI PURPOSE: Program Support | $13,828 |
Madison, WI PURPOSE: SUPPORT OF THE ARTS | $10,000 |
Madison, WI PURPOSE: SUPPORT OF THE ARTS | $10,000 |
Over the last fiscal year, we have identified 1 grants that University Research Park Inc has recieved totaling $125,000.
Awarding Organization | Amount |
---|---|
Blackhawk Wawbeek Foundation Wilmington, DE PURPOSE: TO PURCHASE PROPERTY | $125,000 |
Organization Name | Assets | Revenue |
---|---|---|
Western Michigan University Foundation Kalamazoo, MI | $431,026,780 | $43,479,998 |
Ics Support Organization Inc Franklin, WI | $552,959,577 | $28,861,342 |
Michigan State University Foundation East Lansing, MI | $535,425,307 | $55,850,938 |
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 |
University Research Park Inc Madison, WI | $162,117,796 | $19,527,506 |
Eastern Michigan University Foundation Ypsilanti, MI | $82,145,619 | $14,420,618 |
Michigan Tech Fund Houghton, MI | $217,061,508 | $42,674,434 |
Northern Illinois University Foundation Dekalb, IL | $169,106,712 | $31,131,654 |
Grand Rapids Community College Foundation Grand Rapids, MI | $37,079,013 | $9,829,978 |