University Of Akron Research Foundation

Organization Overview

University Of Akron Research Foundation is located in Akron, OH. The organization was established in 2003. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2022, University Of Akron Research Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Akron Research Foundation 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 Of Akron Research Foundation generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.6%) each year. All expenses for the organization totaled $3.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (17.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO BENEFIT THE UNIVERSITY OF AKRON WITH RESPECT TO MANAGEMENT OF ITS INTELLECTUAL PROPERTY AND ADMINISTRATION OF CERTAIN RESEARCH ACTIVITIES. TO PROMOTE COMMERCIALIZATION AND ECONOMIC DEVELOPMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROMOTE, ENCOURAGE, AND PROVIDE ASSISTANCE TO RESEARCH AND LICENSING ACTIVITIES OF THE UNIVERSITY OF AKRONS FACULTY, STAFF, AND STUDENTS.


RESEARCH SUPPORT FOR FACULTY AND STUDENTS AND FACILITATE EXPERIMENTAL TESTING FOR THE UNIVERSITY OF AKRON


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Elyse Ball
Secretary
$105,000
Kendall Martis
Treasurer
$68,780
Gary Miller
Chariman
$0
Philip Allen
President
$0
Marnie Saunders
Director
$0
Thomas Waltermire
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Jerry M Buysse
Consulting Services
$184,167
Rare Strategic Llc
Consulting Services
$320,833
View All Vendors

Financial Statements

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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$2,115,476
Investment income $340,641
Tax Exempt Bond Proceeds $0
Royalties $0
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 $3,711,424

Grants Recieved

Over the last fiscal year, we have identified 6 grants that University Of Akron Research Foundation has recieved totaling $391,500.

Awarding OrganizationAmount
Burton D Morgan Foundation Inc

Hudson, OH

PURPOSE: TO SUPPORT EXPANSION OF THE I-CORPS SITES PROGRAM IN NORTHEAST OHIO

$140,000
Burton D Morgan Foundation Inc

Hudson, OH

PURPOSE: TO SUPPORT PROGRAMMING AND STAFF IN 2020 FOR THE ENTREPRENEURSHIP EDUCATION CONSORTIUM

$93,500
Burton D Morgan Foundation Inc

Hudson, OH

PURPOSE: ADDITIONAL SUPPORT FOR THE I-CORPS SITES PROGRAM IN NORTHEAST OHIO

$50,000
Burton D Morgan Foundation Inc

Hudson, OH

PURPOSE: TO SUPPORT THE STRIDE ACCELERATOR

$50,000
Burton D Morgan Foundation Inc

Hudson, OH

PURPOSE: TO SUPPORT THE STRIDE ACCELERATOR

$50,000
Society Of Plastics Engineers Inc

Danbury, CT

PURPOSE: SCHOLARSHIP

$8,000
View Grant Recipient Profile

Create an account to unlock the data you need.

or