University Industry Research Corporation
- Assets
- $0.0
- Revenue
- $85.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Wakefield, MA
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 45-3967943
Organization Overview
University Industry Research Corporation is located in Wakefield, MA. The organization was established in 2014. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Industry Research Corporation 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 Industry Research Corporation generated $85.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (44.4%) each year. All expenses for the organization totaled $48.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (48.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION PROVIDED GRANTS TO NONPROFIT ORGANIZATIONS TO SUPPORT SCIENCE AND TECHNOLOGY. IT WAS DISSOLVED ON DECEMBER 31, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gabriela Cruz Thompson Secretary | 1 | $0 | |
Gilroy Vandentop President | 2 | $0 | |
Erin Richards Director And CFO | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $85,000 |
| Interest on Savings | $9 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $85,009 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $739 |
| Total operating and administrative expenses | $7,241 |
| Contributions, gifts, grants paid | $41,625 |
| Total expenses and disbursements | $48,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, University Industry Research Corporation has awarded $3,330,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CALIFORNIA BERKELEY PURPOSE: AGILE DESIGN - THE AGILE HARDWARE DESIGN CENTER AIMS TO EXPLORE WAYS TO INCREASE EFFICIENCY IN THE DESIGN AND TEST FLOW REDUCING TOTAL TIME OF DEVELOPMENT BY A FACTOR OF 4. WE WILL BE EXPLORING A VARIETY OF METHODS TO DO THIS INCLUDING EXPLORING THE DESIGN TOOL FLOW, RECONFIGURABLE SOCS AND VALIDATION TOOLS. | $1,250,000 |
STANFORD UNIVERSITY PURPOSE: AGILE DESIGN - THE AGILE HARDWARE DESIGN CENTER AIMS TO EXPLORE WAYS TO INCREASE EFFICIENCY IN THE DESIGN AND TEST FLOW REDUCING TOTAL TIME OF DEVELOPMENT BY A FACTOR OF 4. WE WILL BE EXPLORING A VARIETY OF METHODS TO DO THIS INCLUDING EXPLORING THE DESIGN TOOL FLOW, RECONFIGURABLE SOCS AND VALIDATION TOOLS. | $750,000 |
Cambridge, MA PURPOSE: BIG DATA - TO IDENTIFY AND PROTOTYPE REVOLUTIONARY TECHNOLOGY OPPORTUNITIES. | $400,000 |
ETH ZURICH PURPOSE: THE INTEL NETWORK ON INTELLIGENT SYSTEMS IS DEVOTED TO INTELLIGENT SYSTEMS AND IS BASED IN EUROPE. NIS RESEARCH WILL ADDRESS THE MAJOR OPEN PROBLEMS IN THE DESIGN AND DEPLOYMENT OF INTELLIGENT SYSTEMS THAT FUNCTION IN THE PHYSICAL WORLD. | $330,000 |
MAX PLANCK INSTITUTE FOR INTELLIGENT SYSTEMS PURPOSE: THE INTEL NETWORK ON INTELLIGENT SYSTEMS IS DEVOTED TO INTELLIGENT SYSTEMS AND IS BASED IN EUROPE. NIS RESEARCH WILL ADDRESS THE MAJOR OPEN PROBLEMS IN THE DESIGN AND DEPLOYMENT OF INTELLIGENT SYSTEMS THAT FUNCTION IN THE PHYSICAL WORLD. | $230,000 |
UNIVERSITAT AUTONOMA DE BARCELONA PURPOSE: THE INTEL NETWORK ON INTELLIGENT SYSTEMS IS DEVOTED TO INTELLIGENT SYSTEMS AND IS BASED IN EUROPE. NIS RESEARCH WILL ADDRESS THE MAJOR OPEN PROBLEMS IN THE DESIGN AND DEPLOYMENT OF INTELLIGENT SYSTEMS THAT FUNCTION IN THE PHYSICAL WORLD. | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard K Lubin Family Foundation Boston, MA | $152,996,918 | $13,537,947 |
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |
Charles A Dana Fdn Inc New York, NY | $248,257,333 | $20,769,847 |
Motulsky-Nacht Family Foundation New York, NY | $171,149,787 | $10,722,392 |
Griffith R Harsh Iv And Margaret Cwhitman Charitable Foundation Albany, NY | $153,022,620 | $10,234,389 |