Universities Research Association Inc
- Assets
- $20.4m
- Revenue
- $5.8m
- Investments
- $451.9k
- Employees
- 16
- Location
- Washington, DC
- Founding
- 02/1966
- Data as of
- 09/2023
- EIN
- 52-0816670
Organization Overview
Universities Research Association Inc is located in Washington, DC. The organization was established in 1966. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. As of 09/2023, Universities Research Association Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Universities Research Association 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 09/2023, Universities Research Association Inc generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $6.3m during the year ending 09/2023. While expenses have increased by 14.7% 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.
Since 2015, Universities Research Association Inc has awarded 190 individual grants totaling $3,044,649. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE AND MANAGE LABORATORIES FOR RESEARCH AND EDUCATION IN SCIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NTESS/SNL: URA WAS PART OF THE HONEYWELL PROPOSAL SUBMITTED BY ITS WHOLLY OWNED AFFILIATE, THE NATIONAL TECHNOLOGY & ENGINEERING SOLUTIONS OF SANDIA LLC (NTESS), THAT LED TO THE CONTRACT AWARDED IN DECEMBER 2016 BY DOE/NNSA TO MANAGE AND OPERATE SANDIA NATIONAL LABORATORIES. A NTESS-URA SUBCONTRACT FOR ASSURING SCIENTIFIC EXCELLENCE, PROMOTING THE TALENT PIPELINE AND FACILITATING STRATEGIC ENGAGEMENT WITH ACADEMIA BECAME EFFECTIVE OCTOBER 31, 2018 AND WAS VALID THROUGH APRIL 30, 2022. THIS SUBCONTRACT IS VALID FOR FIVE YEARS, OR THROUGH APRIL 30, 2027. THE NTESS-URA SUBCONTRACT IS A SIGNIFICANT EXPANSION OF URA'S PROGRAM, WHICH INCLUDES URA EMPLOYEES ONSITE AT SANDIA.
FRA/FERMILAB: FROM THE LABORATORY'S ESTABLISHMENT THROUGH DECEMBER 31, 2006, URA WAS RESPONSIBLE FOR ORGANIZING, DESIGNING, CONSTRUCTING, AND OPERATING THE FERMI NATIONAL ACCELERATOR LABORATORY (FERMILAB) UNDER CONTRACTS WITH THE U.S DEPARTMENT OF ENERGY AND ITS PREDECESSOR AGENCIES. AS OF JANUARY 1, 2007, A NEW CONTRACT TO MANAGE AND OPERATE FERMILAB WAS AWARDED TO THE FERMI RESEARCH ALLIANCE, LLC, AN ILLINOIS 501(C)(3) LIMITED LIABILITY COMPANY. URA HAS A 50% OWNERSHIP IN THE FERMI RESEARCH ALLIANCE, LLC, THE PRIME CONTRACTOR FOR THE OPERATION OF FERMI NATIONAL ACCELERATOR LABORATORY (UNIVERSITY OF CHICAGO OWNS THE REMAINING 50%). URA RECEIVES 50% OF EARNINGS (AS NOTED IN THE PROGRAM REVENUE). AS SUCH, URA EMPLOYEES SPEND TIME MANAGING THIS RELATIONSHIP. AFTER AN INITIAL FIVE-YEAR BASE TERM, THE FERMILAB CONTRACT HAS BEEN EXTENDED BASED ON PERFORMANCE THROUGH DECEMBER 31, 2024.
VISITING SCHOLARS AWARDS: EFFECTIVE JANUARY 1, 2007, URA COMMITTED TO PROVIDE A MINIMUM OF $400,000 PER YEAR OVER FIVE YEARS TO SUPPORT MEMBER UNIVERSITY FACULTY AND STUDENTS TO PERFORM RESEARCH AT FERMILAB. IN 2012, AND AGAIN IN 2016, THE MEMBER INSTITUTIONS VOTED UNANIMOUSLY TO CONTINUE SUPPORT TO FERMILAB IN THE FORM OF THE VISITING SCHOLARS PROGRAM. THIS COMMITMENT IS FUNDED THROUGH A SERIES OF ANNUAL ASSESSMENTS OF $5,000 FROM EACH EXISTING URA MEMBER INSTITUTION, AND A ONE-TIME ASSESSMENT OF $10,000 FOR NEW MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mester President | Officer | 38 | $450,102 |
Ted Wackler Vice President | Officer | 40 | $319,557 |
David Schultz Director, Usso | Officer | 40 | $302,350 |
Martha Rubenstein Cfo/treasurer - Past | Officer | 32 | $207,978 |
Mary Egger Chief Counsel | Officer | 24 | $175,630 |
Tigist Gebeyehu Sr. Finance & Operat. Analyst | 40 | $129,900 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marcum Llp Financial & Hr Consulting Services | 9/29/23 | $190,201 |
Smith Science Strategies Llc Program Consulting Services | 9/29/23 | $112,812 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $96,318 |
| All other contributions, gifts, grants, and similar amounts not included above | $485,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $581,318 |
| Total Program Service Revenue | $4,509,848 |
| Investment income | $550,542 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $128,829 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,770,537 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $352,091 |
| Grants and other assistance to domestic individuals. | $30,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $112,777 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,857,301 |
| Compensation of current officers, directors, key employees. | $1,159,941 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $659,999 |
| Pension plan accruals and contributions | $85,002 |
| Other employee benefits | $407,150 |
| Payroll taxes | $162,706 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,331 |
| Fees for services: Accounting | $205,751 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,662 |
| Fees for services: Other | $1,735,496 |
| Advertising and promotion | $0 |
| Office expenses | $39,348 |
| Information technology | $99,782 |
| Royalties | $0 |
| Occupancy | $258,296 |
| Travel | $108,658 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,132 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,799 |
| Insurance | $12,844 |
| All other expenses | $6,887 |
| Total functional expenses | $6,296,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $3,689,571 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,753,057 |
| 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 | $99,423 |
| Net Land, buildings, and equipment | $131,147 |
| Investments—publicly traded securities | $13,871,101 |
| Investments—other securities | $451,919 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $404,193 |
| Total assets | $20,400,511 |
| Accounts payable and accrued expenses | $1,387,116 |
| Grants payable | $64,205 |
| 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 | $568,786 |
| Total liabilities | $2,020,107 |
| Net assets without donor restrictions | $17,615,362 |
| Net assets with donor restrictions | $765,042 |
| 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 | $20,400,511 |
Grants Awarded
Over the last fiscal year, Universities Research Association Inc has awarded $322,069 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
COLORADO STATE UNIVERSITY PURPOSE: RESEARCH | $14,923 |
CALIFORNIA INSTITUTE OF TECHNOLOGY PURPOSE: RESEARCH | $20,000 |
ILLINOIS INSTITUTE OF TECHNOLOGY PURPOSE: RESEARCH | $36,134 |
SOUTHERN METHODIST UNIVERSITY PURPOSE: RESEARCH | $46,182 |
STONY BROOK UNIVERSITY PURPOSE: RESEARCH | $7,583 |
UNIVERSITY OF CHICAGO PURPOSE: RESEARCH | $37,249 |