University Industry Demonstration Partnership Inc
- Assets
- $1.8m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 36
- Location
- Columbia, SC
- Founding
- 05/2015
- Data as of
- 06/2022
- EIN
- 47-2867445
Organization Overview
University Industry Demonstration Partnership Inc is located in Columbia, SC. The organization was established in 2015. According to its NTEE Classification (U01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Science & Technology and related organizations. As of 06/2022, University Industry Demonstration Partnership Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Industry Demonstration Partnership 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 06/2022, University Industry Demonstration Partnership Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $3.1m during the year ending 06/2022. While expenses have increased by 20.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE UIDP SUPPORTS MUTUALLY BENEFICIAL UNIVERSITY-INDUSTRY COLLABORATIONS BY DEVELOPING AND DISSEMINATING STRATEGIES FOR ADDRESSING COMMON ISSUES BETWEEN THE TWO SECTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT AND IMPLEMENTATION OF COLLABORATIVE PROJECTS BRINGING TOGETHER UNIVERSITY AND INDUSTRY LEADERS TO IDENTIFY BEST PRACTICES.
PRODUCTION AND DISTRIBUTION OF INFORMATIVE PUBLICATIONS AND MAINTENANCE OF AN ONLINE RESOURCE CENTER AVAILABLE TO MEMBERS.
HOSTING OF VARIOUS MEETINGS, WORKSHOPS AND WEBINARS IN SUPPORT OF MEMBERSHIP ACTIVITIES.
AWARDED TWO FEDERAL GRANTS TO ADVANCE INNOVATION AND SUPPORT THE UIDP MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Boccanfuso President | Officer | 40 | $246,285 |
Robert Starbuck Treasurer | Officer | 5 | $0 |
Manjula Donepudi Industry Dir | Trustee | 1 | $0 |
Nerissa Draeger Industry Dir | Trustee | 1 | $0 |
Sophia Herbert-Peterson University D | Trustee | 1 | $0 |
Theresa Mayer Presiding Ch | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $903,146 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,546,655 |
| All other contributions, gifts, grants, and similar amounts not included above | $301,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,750,801 |
| Total Program Service Revenue | $281,425 |
| Investment income | $1,095 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,179,324 |
| 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. | $246,285 |
| Compensation of current officers, directors, key employees. | $49,257 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,087,504 |
| Pension plan accruals and contributions | $67,632 |
| Other employee benefits | $250,969 |
| Payroll taxes | $54,436 |
| Fees for services: Management | $234,204 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,161 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,203 |
| Travel | $95,264 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85,382 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $169 |
| Insurance | $0 |
| All other expenses | $31,797 |
| Total functional expenses | $3,052,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $421,338 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $174,402 |
| Accounts receivable, net | $5,020 |
| 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 | $25,635 |
| Net Land, buildings, and equipment | $4,698 |
| Investments—publicly traded securities | $1,166,086 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,287 |
| Total assets | $1,800,466 |
| Accounts payable and accrued expenses | $184,538 |
| Grants payable | $0 |
| Deferred revenue | $773,043 |
| 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 | $73,557 |
| Total liabilities | $1,031,138 |
| Net assets without donor restrictions | $769,328 |
| 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 | $1,800,466 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Industry Demonstration Partnership Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Deerfield Partnership Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Academy Of Managed Care Pharmacy A New Jersey Nonprofit Corporation Alexandria, VA | $27,096,439 | $20,779,074 |
National Society Of Black Engineers Alexandria, VA | $28,465,255 | $16,810,333 |
North Carolina Biotechnology Center Research Triangle Park, NC | $36,440,488 | $16,619,048 |
Engineering Consulting Services Ltd Employee Benefit Plan Chantilly, VA | $4,513,025 | $18,551,401 |
Mitre Engenuity Incorporated Mclean, VA | $0 | $8,318,024 |
South Carolina Research Authority columbia, SC | $104,791,332 | $17,524,075 |
Marine Environmental Sciences Consortium Dauphin Island, AL | $32,833,959 | $18,770,874 |
Georgia Research Alliance Inc Atlanta, GA | $8,906,485 | $14,658,873 |
Center For Transportation And The Enviroment Inc Atlanta, GA | $3,772,677 | $13,099,404 |
Tall Timbers Research Inc Tallahassee, FL | $45,948,039 | $14,658,022 |
Virginia Tech Applied Research Corporation Arlington, VA | $4,609,993 | $12,977,041 |
Isothermal Planning And Development Corporation Rutherfordton, NC | $2,723,931 | $12,249,025 |