University Of New Orleans Research & Technology Foundation Inc
- Assets
- $91.5m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 18
- Location
- New Orleans, LA
- Founding
- 10/1997
- Data as of
- 12/2020
- EIN
- 72-1372848
Organization Overview
University Of New Orleans Research & Technology Foundation Inc is located in New Orleans, LA. The organization was established in 1997. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, University Of New Orleans Research & Technology Foundation Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of New Orleans Research & Technology Foundation 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 Of New Orleans Research & Technology Foundation Inc generated $9.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $9.7m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT ANY AND ALL PROGRAMS, FACILITIES, RESEARCH, AND EDUCATIONAL OPPORTUNITIES OFFERED BY THE UNIVERSITY OF NEW ORLEANS AND THE UNIVERSITY OF LOUISIANA SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CREATE, DEVELOP, CONSTRUCT, OPERATE, MANAGE AND FINANCE ONE OR MORE RESEARCH AND TECHNOLOGY PARKS, TECHNOLOGY ENTERPRISE CENTERS AND OTHER FACILITIES AND OPERATIONS WHICH PROMOTE DEVELOPMENT OF RESEARCH AND HIGH TECHNOLOGY IN LOUISIANA.
TO SUPPORT THE WELL-BEING AND ADVANCEMENT OF THE UNIVERSITY OF NEW ORLEANS BY DEVELOPING, EXPANDING, AND IMPROVING THE UNIVERSITY'S CURRICULA, PROGRAMS, AND FACILITIES.
TO PROMOTE COOPERATION BETWEEN PUBLIC AND PRIVATE SECTOR WITH RESPECT TO RESEARCH AND DEVELOPMENT; TO AID IN THE ATTRACTION, DEVELOPMENT, AND RETENTION OF INDUSTRY IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Conwell President & CEO | Officer | 40 | $187,548 |
Gregory Hammarstrom Vice President | Officer | 40 | $141,853 |
Andrew Pitman Vp/cfo | Officer | 40 | $117,341 |
Michael Hecht Board Secretary | OfficerTrustee | 1 | $0 |
Gary Solomon Bd Vice Chair | OfficerTrustee | 1 | $0 |
David Gallo Bd Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Abm Janitorial Services Janitorial Services | 12/30/21 | $273,576 |
Daikin Applied Building Maintenance | 12/30/21 | $181,916 |
Crescent Waterproofing & Restoration Building Maintenance | 12/30/21 | $212,795 |
Liskow & Lewis Legal Services | 12/30/21 | $181,456 |
Ruffalo Noel Levitz University Support | 12/30/21 | $230,770 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $728,672 |
| All other contributions, gifts, grants, and similar amounts not included above | $6 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $728,678 |
| Total Program Service Revenue | $9,007,229 |
| Investment income | $165,928 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $30,592 |
| 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 | $9,932,427 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,718 |
| 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. | $449,092 |
| Compensation of current officers, directors, key employees. | $89,818 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $594,139 |
| Pension plan accruals and contributions | $40,711 |
| Other employee benefits | $75,052 |
| Payroll taxes | $78,401 |
| Fees for services: Management | $11,074 |
| Fees for services: Legal | $163,371 |
| Fees for services: Accounting | $44,217 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,265 |
| Fees for services: Other | $469,963 |
| Advertising and promotion | $10,450 |
| Office expenses | $139,207 |
| Information technology | $66,162 |
| Royalties | $20,894 |
| Occupancy | $1,186,820 |
| Travel | $3,318 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,545 |
| Interest | $1,303,645 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,675,365 |
| Insurance | $316,179 |
| All other expenses | $0 |
| Total functional expenses | $9,748,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,051,394 |
| Savings and temporary cash investments | $1,876,898 |
| Pledges and grants receivable | $136,883 |
| Accounts receivable, net | $908,221 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $31,105,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $488,808 |
| Net Land, buildings, and equipment | $41,014,296 |
| Investments—publicly traded securities | $12,886,235 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $91,467,735 |
| Accounts payable and accrued expenses | $1,275,728 |
| Grants payable | $0 |
| Deferred revenue | $2,166,669 |
| Tax-exempt bond liabilities | $31,879,168 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,943,770 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $196,992 |
| Total liabilities | $38,462,327 |
| Net assets without donor restrictions | $52,880,714 |
| Net assets with donor restrictions | $124,694 |
| 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 | $91,467,735 |
Grants Awarded
Over the last fiscal year, University Of New Orleans Research & Technology Foundation Inc has awarded $86,013 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NEW ORLEANS PURPOSE: UNIVERSITY SUPPORT | $64,085 |
New Orleans, LA PURPOSE: UNIVERSITY SUPPORT | $21,928 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that University Of New Orleans Research & Technology Foundation Inc has recieved totaling $10,022.
| Awarding Organization | Amount |
|---|---|
American Bureau Of Shipping Spring, TX PURPOSE: ABS 2021 Scholarships for tuition and books. | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Methodist Hospitals Foundation Inc Dallas, TX | $153,905,809 | $19,053,620 |
Trustmark Corporation And Subsidiaries Medical Benefits Plan Jackson, MS | $3,860,668 | $18,984,113 |
Heart Of Texas Memorial Hospital Brady, TX | $57,981,362 | $27,695,651 |
Mississippi State University Educational Building Corporation Missisippi State, MS | $345,604,158 | $16,366,122 |
Paso Del Norte Health Foundation El Paso, TX | $268,661,526 | $12,325,026 |
Conway Regional Hospital Employees Medical Trust Conway, AR | $4,792,680 | $16,387,089 |
Lsu Health Foundation New Orleans New Orleans, LA | $163,045,964 | $16,219,820 |
Baker & Botts Llp Employees Health Care Trust Agreement Houston, TX | $7,386,009 | $15,322,087 |
Shannon Business Services Inc San Angelo, TX | $6,491,391 | $14,101,592 |
St Luke Foundation Mccomb, MS | $33,823,952 | $17,739,199 |
Covenant Health System Foundation Lubbock, TX | $55,699,431 | $11,499,437 |
Texas Childrens Hospital Foundation Houston, TX | $3,566,256,606 | $201,987,304 |