Overview
What is Cornell Research Foundation Inc?
Cornell Research Foundation Inc, operating under the name Center for Technology Licensing at Cornell University, is a 501(C)(3) nonprofit organization situated in Ithaca, New York. Its primary mission is to foster innovation at Cornell University by safeguarding and managing the institution's intellectual property. This includes technical processes developed by Cornell's faculty and staff. The income derived from these intellectual properties benefits Cornell University. By protecting and managing Cornell's intellectual property interests, the foundation aims to contribute to the university, its inventors, and the public at large.
Official website here: www.cctec.cornell
Is Cornell Research Foundation Inc legitimate?
Cornell Research Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Cornell Research Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.cctec.cornell
What is the mission statement of Cornell Research Foundation Inc?
The Cornell Research Foundation Inc's mission is centered around fostering innovation at Cornell University. The organization plays a crucial role in protecting and managing the university's intellectual property interests. By doing so, it aims to benefit Cornell, its inventors, and the public. The foundation holds patents on technical processes developed by Cornell University's faculty and staff, with the income derived from these holdings contributing positively to the university.
Official website here: www.cctec.cornell
What is the revenue of Cornell Research Foundation Inc?
Cornell Research Foundation Inc's revenue in 2024 was $0.
Official website here: www.cctec.cornell
Who are the executives of Cornell Research Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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- Related: $353,737
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- Related: $333,252
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Official website here: www.cctec.cornell
Where can I find the form 990 for Cornell Research Foundation Inc?
Cornell Research Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.cctec.cornell
Learn more at the official website: www.cctec.cornell
Mission Statement of Cornell Research Foundation Inc
Cornell Research Foundation, a nonprofit organization, is committed to nurturing innovation at Cornell University. Its primary mission is twofold: firstly, to safeguard Cornell's intellectual property interests, and secondly, to manage these interests for the benefit of the university, its inventors, and the public at large. By holding patents on technical processes developed by Cornell's faculty and staff, the foundation generates income that ultimately benefits the research-focused university, as per its 501(c)(3) status.
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Impact
October, 2024
Cornell Research Foundation Inc plays a pivotal role in fostering innovation and advancing technology through the management and protection of intellectual property developed at Cornell University. By holding patents on a variety of technical processes created by the university's faculty and staff, the foundation ensures that the innovative work of researchers is safeguarded and can be effectively commercialized.
The foundation's activities directly benefit Cornell University by generating income from its intellectual property, which subsequently supports further research and development initiatives. This integration of invention and research not only contributes to the academic environment but also positively impacts the public by facilitating access to new technologies and solutions developed within the university.
Through its mission to enhance inventiveness, the Cornell Research Foundation Inc cultivates a culture of innovation, encouraging collaboration between researchers and the private sector. This dynamic not only propels advancements in various fields but also promotes economic development in the region, highlighting the significance of intellectual property management in a research-intensive environment.
This information is meant to be a general summary of Cornell Research Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
Assets and Liabilities:
- Total Assets: $1,624,940
- Total Liabilities: $33,781,216
- Net Assets: -$32,156,276
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Organization Details
Founding Year
1932
Principal Officer
Alice Li
Website
www.cctec.cornellNTEE Category
Code: B43I - Education
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