Overview
What is Auburn Research & Technology Foundation?
Auburn Research & Technology Foundation is a nonprofit organization, established in 2004 in Auburn, Alabama. Its primary mission is to develop and manage the Auburn Research Park, as well as aid Auburn University in attracting, developing, and commercializing technological innovations. In 202X, the Foundation acquired a $225,000 grant from Alabama Power's LAUNCH Innovation Grant Program. This funding was used to support a faculty research project, which involves creating a functional prototype for dry printing and additive nanomanufacturing technology. This technology has the potential to generate various pure nanoparticles on-demand and in-situ, and to sinter these particles onto various substrates, without requiring any post-processing. The remaining grant money is reserved for future LAUNCH winners. The Foundation's activities contribute to the advancement of technology and innovation in the Auburn area.
Is Auburn Research & Technology Foundation legitimate?
Auburn Research & Technology Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Auburn Research & Technology Foundation 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:
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What is the mission statement of Auburn Research & Technology Foundation?
The Auburn Research & Technology Foundation is an independent nonprofit organization established with the purpose of developing and operating the Auburn Research Park. Its primary role is to assist Auburn University in attracting, developing, and commercializing technology. The foundation received a grant to support near-commercialization technologies and inventions, and awarded a portion of it to a faculty research project focusing on dry printing and additive nanomanufacturing technology, aiming to generate various nanoparticles and laser sinter them onto various substrates. The remaining grant funds are set aside for future awards to LAUNCH winners.
Who is the CEO of Auburn Research & Technology Foundation?
William M Dean is the Board Member, Ex Officio of Auburn Research & Technology Foundation.
What is the revenue of Auburn Research & Technology Foundation?
Auburn Research & Technology Foundation's revenue in 2022 was $2,161,604.
Who are the executives of Auburn Research & Technology Foundation and what are their salaries?
Here are 20 key members and their salaries:
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Where can I find the form 990 for Auburn Research & Technology Foundation?
Auburn Research & Technology Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Auburn Research & Technology Foundation
The Auburn Research & Technology Foundation, established on August 24, 2004, is an independent nonprofit organization with a mission to develop and operate the Auburn Research Park. This foundation's primary role is to aid Auburn University in attracting, developing, and commercializing technology. The organization plays a significant part in assisting in the transformation of near-commercialization technologies and inventions, enabling them to become market-ready.
In pursuit of its mission, the Auburn Research & Technology Foundation received a $225,000 grant from Alabama Power's LAUNCH Innovation Grant Program. The foundation utilized this grant to support a faculty research project, which focuses on developing a dry printing and additive nanomanufacturing technology. This technology has the potential to generate various pure nanoparticles, such as metals, insulators, semiconductors, and ceramics, on-demand and in-situ. Furthermore, it enables real-time laser sintering of these dry nanoparticles on various substrates, without requiring any post-processing. The grant also included funds for future awards to LAUNCH winners in subsequent fiscal years.
In summary, the Auburn Research & Technology Foundation serves as a catalyst for technological innovation and commercialization by developing and operating the Auburn Research Park and supporting Auburn University. The foundation's role extends to assisting in the attraction, development, and commercialization of technology, as well as providing funding for near-commercialization projects through grants like the LAUNCH Innovation Grant Program.
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Impact
October, 2024
Auburn Research & Technology Foundation plays a pivotal role in fostering innovation and technology development in Auburn, Alabama. By operating the Auburn Research Park, the foundation creates an environment conducive to research, collaboration, and commercialization, which enhances the region's economic landscape.
One of its significant impacts is demonstrated through its funding initiatives, such as receiving a $225,000 grant from Alabama Power for the LAUNCH Innovation Grant Program. This program aids in bringing near-commercial technologies and inventions to market readiness. A notable outcome of this initiative was the awarding of $100,000 to a faculty research project focused on pioneering a working prototype of dry printing and additive nanomanufacturing technology. This groundbreaking technology has the potential to revolutionize materials development by enabling on-demand production of a variety of nanoparticles and facilitating real-time processing on diverse substrates without the need for additional post-processing.
Furthermore, the Foundation's commitment to the LAUNCH program signifies ongoing support for innovative projects, with an additional $125,000 earmarked for future awards. This strategic investment not only bolsters local research efforts but also positions Auburn as a hub for technological advancement and entrepreneurial activity, ultimately contributing to the growth and diversification of the region’s economy.
This information is meant to be a general summary of Auburn Research & Technology Foundation. 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 2022.
- Investment Income: $181,729
- Program Service Revenue: $279,977
- Gross Receipts: $2,161,604
Assets and Liabilities:
- Total Assets: $15,564,002
- Total Liabilities: $2,683,217
- Net Assets: $12,880,785
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$279,977
Organization Details
Founding Year
2004
Phone
(334) 844-7480Principal Officer
William M Dean
Main Address
570 DEVALL DRIVE SUITE 101, AUBURN, AL, 36832
NTEE Category
Code: B11 - Education
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