University Of Rhode Island Research Foundation

Organization Overview

University Of Rhode Island Research Foundation is located in Kingston, RI. The organization was established in 2010. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 06/2021, University Of Rhode Island Research Foundation employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Rhode Island 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 06/2021, University Of Rhode Island Research Foundation generated $9.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.3% each year . All expenses for the organization totaled $7.4m during the year ending 06/2021. While expenses have increased by 21.2% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT RESEARCH AT THE UNIVERSITY OF RHODE ISLAND AND FOSTER COMMERCIALIZATION OF TECHNOLOGIES ARISING FROM THAT RESEARCH

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE URI VENTURES DIVISION/PROGRAM FACILITATED RESEARCH COLLABORATIONS BETWEEN UNIVERSITY OF RHODE ISLAND (URI) FACULTY MEMBERS AND INDUSTRY SPONSORS. IT HOSTED ENTERPRENEURSHIP EDUCATIONAL PROGRAMS TO URI STUDENTS, AND FACILITATED THE TRANSITION OF URI TECHNOLOGIES INTO USEFUL PRODUCTS AND SERVICES THROUGH INTELLECTUAL PROPERTY LICENSES TO COMMERCIAL ENTITIES.


POLARIS MANUFACTURING EXTENSION PARTNERSHIP PROVIDED SERVICES ON BEHALF OF THE STATE OF RHODE ISLAND TO IMPROVE THE PRODUCTIVITY AND RESILIENCE OF THE STATE'S MANUFACTURERS AND TO SUPPORT STATE INCENTIVES TO GROW THE NUMBER OF WORKERS WITH THE SKILLS NEEDED TO SUSTAIN THE STATE'S MANUFACTURERS.


401 TECH BRIDGE SERVES AS A SUPER-CONNECTOR FOR COMPANIES THAT ARE DEVELOPING LEADING-EDGE ADVANCED MATERIALS, TECHNOLOGIES, AND PRODUCTS, ENABLING BUSINESS GROWTH, AND SPEEDING THE PROCESS OF FUNDING COMMERCIAL AND DUAL-USE APPLICATIONS FOR TECHNOLOGIES.


THE URI VENTURES DIVISION/PROGRAM FACILITATED RESEARCH COLLABORATIONS BETWEEN UNIVERSITY OF RHODE ISLAND (URI) FACULTY MEMBERS AND INDUSTRY SPONSORS. IT HOSTED ENTERPRENEURSHIP EDUCATIONAL PROGRAMS TO URI STUDENTS, AND FACILITATED THE TRANSITION OF URI TECHNOLOGIES INTO USEFUL PRODUCTS AND SERVICES THROUGH INTELLECTUAL PROPERTY LICENSES TO COMMERCIAL ENTITIES.


POLARIS MANUFACTURING EXTENSION PARTNERSHIP PROVIDED SERVICES ON BEHALF OF THE STATE OF RHODE ISLAND TO IMPROVE THE PRODUCTIVITY AND RESILIENCE OF THE STATE'S MANUFACTURERS AND TO SUPPORT STATE INCENTIVES TO GROW THE NUMBER OF WORKERS WITH THE SKILLS NEEDED TO SUSTAIN THE STATE'S MANUFACTURERS.


401 TECH BRIDGE SERVES AS A SUPER-CONNECTOR FOR COMPANIES THAT ARE DEVELOPING LEADING-EDGE ADVANCED MATERIALS, TECHNOLOGIES, AND PRODUCTS, ENABLING BUSINESS GROWTH, AND SPEEDING THE PROCESS OF FUNDING COMMERCIAL AND DUAL-USE APPLICATIONS FOR TECHNOLOGIES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ccri Bursar's Office
Job Training/development
$242,229
Rhode Island Manufacturing Institute
Job Training/development
$448,641
Mintz Levin Cohn Ferris Glovsky Pc
Legal Services
$321,689
Uri Office Of Sponsored Projects
R&d/consulting
$299,306
New England Institue Of Technology
Job Training/development
$353,086
Rhode Island Manufacturing Institute
Job Training/development
$448,641
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$357,688
Government grants $7,261,523
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$7,619,211
Total Program Service Revenue$1,364,551
Investment income $3,183
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 $8,986,945

Grants Recieved

Over the last fiscal year, we have identified 29 grants that University Of Rhode Island Research Foundation has recieved totaling $338,846.

Awarding OrganizationAmount
The Rhode Island Community Foundation

Providence, RI

PURPOSE: JARC RHODE ISLAND

$125,000
The Meier And Linnartz Family Foundation

New Canaan, CT

PURPOSE: GENERAL SUPPORT

$95,000
Picerne Charitable Trust

Phoenix, AZ

PURPOSE: SUPPORT CHARITABLE OPERATIONS

$30,000
Rita Allen Foundation

Princeton, NJ

PURPOSE: 2021 INCLUSIVE SCICOMM SYMPOSIUM

$15,000
Domenick And Mary Mongillo Family Charitable Foundation Inc

Berlin, CT

PURPOSE: TO CONTINUE ONGOING PROGRAMS AND SERVICES

$15,000
Missouri Incutech Foundation

Rolla, MO

PURPOSE: DEVELOPMENT

$10,000
View Grant Recipient Profile

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