Indiana University Research & Technology Corp

Organization Overview

Indiana University Research & Technology Corp is located in Bloomington, IN. The organization was established in 1997. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Indiana University Research & Technology Corp employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana University Research & Technology Corp 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, Indiana University Research & Technology Corp generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE INDIANA UNIVERSITY RESEARCH AND TECHNOLOGY CORPORATION (IURTC) SERVES INDIANA UNIVERSITY, THE STATE OF INDIANA, AND THE NATION THROUGH CREATION AND APPLICATION OF THE UNIVERSITY DEVELOPED TECHNOLOGIES AND SERVICES, AND THE EXPANDED LINKAGE OF THE PRIVATE SECTOR TO THE UNIVERSITY.

Describe the Organization's Program Activity:

INVESTMENTS - THE IURTC MANAGES THE BUSINESS AND INVESTMENTS UNDER THE INDIANA PHILANTHROPIC VENTURE FUND (IPVF) AS WELL AS INNOVATE INDIANA FUND I, LLC (IIF) REGARDING PLANNING, OPERATIONS, AND INVESTMENTS. BOTH IPVF AND IIF ARE ESTABLISHED TO ACQUIRE, HOLD, DISPOSE, AND MANAGE INVESTMENTS IN LIFE SCIENCE AND TECHNOLOGY COMPANIES. AN INVESTMENT COMMITTEE IS UTILIZED TO ASSIST WITH INVESTMENT DECISIONS.


STUDENT ENGAGEMENT - THE STUDENT ENGAGEMENT PROGRAM IS ESTABLISHED TO FULLY REALIZE THE BENEFITS OF UNIVERSITY INNOVATIONS THROUGH START-UP COMPANY FORMATION AND SUPPORT.


ANGEL NETWORK - CREATED IN FISCAL YEAR 2019, THE IURTC ENGAGES WITH HIGH NET WORTH INDIVIDUALS THROUGH THIS MEMBERSHIP NETWORK AND FACILITATES CONNECTIONS FOR STARTUP COMPANIES WITH PROSPECTIVE INVESTORS. THE ANGEL NETWORK CONTINUES THE IURTC AND THE UNIVERSITY'S MISSION OF FOSTERING A PERVASIVE ENTREPRENEURIAL CULTURE THAT CONTRIBUTES TO THE PROSPERITY OF THE STATE OF INDIANA, THE NATION, AND THE WORLD.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Faegre Baker & Daniels
Legal
$730,073
Barnes & Thornburg Llc
Legal
$595,960
Quarles & Brady
Legal
$265,840
Stinson Leonard Street
Legal
$422,026
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$70,050
Fundraising events$0
Related organizations$0
Government grants $36,084
All other contributions, gifts, grants, and similar amounts not included above$108,650
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$214,784
Total Program Service Revenue$1,013,492
Investment income $214,067
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,791,713
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,196,911

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Indiana University Research & Technology Corp has recieved totaling $2,670,995.

Awarding OrganizationAmount
American Cancer Society Inc

Kennesaw, GA

PURPOSE: Extramural Research Grant

$2,428,000
Indiana Aids Fund Inc

Indianapolis, IN

PURPOSE: HIV CARE FORMULA GRANTS

$195,995
Elevate Ventures Inc

Indianapolis, IN

PURPOSE: Nexus Higher Education Grant

$47,000
View Grant Recipient Profile

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