Overview
What is University Of Utah Research Foundation?
The University of Utah Research Foundation is a nonprofit organization situated in Salt Lake City, Utah, specifically at 201 South Presidents Circle. Their primary mission involves providing grants and research support to the University of Utah. By doing so, they contribute significantly to the University's research initiatives and administer the University Research Park. The organization's activities focus on advancing research and development at the University of Utah.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43% (Zero-Star out of Four Star rating)
The University of Utah Research Foundation has received a low score of 43% from Charity Navigator, indicating significant concerns around its accountability and financial practices. The organization has a low percentage of independent board members, which may limit its governance effectiveness. Although it has a solid independent board size, it falls short in transparency with several financial documents missing from its website, including tax forms and a whistleblower policy.
Financially, the foundation shows troubling signs with a high liabilities-to-assets ratio of 68.27% and a very low program expense ratio of 25.05%. This raises questions about how effectively the organization is utilizing its funds for its intended purposes. Additionally, the high compensation for key personnel may further detract from the funds available for programs.
While there are some positive aspects, such as a conflict of interest policy and the presence of an audit and oversight committee, the overall financial management and transparency issues significantly overshadow these strengths. Stakeholders should consider these factors carefully when evaluating the foundation's impact and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Utah Research Foundation legitimate?
University Of Utah Research Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Utah Research 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of University Of Utah Research Foundation?
The University of Utah Research Foundation plays a crucial role in fostering research advancements at the University of Utah. Its mission encompasses providing grant support and research administration for the institution. By doing so, it contributes significantly to the academic community and the wider scientific world. Its primary goal is to facilitate research success at the University of Utah. Additionally, it manages the University Research Park, which serves as a hub for innovation and collaboration among researchers and industries. This foundation's commitment to supporting research ensures that the University of Utah remains at the forefront of knowledge and discovery.
Who is the CEO of University Of Utah Research Foundation?
Erin Rothwell is the Principal Officer of University Of Utah Research Foundation.
What is the revenue of University Of Utah Research Foundation?
University Of Utah Research Foundation's revenue in 2022 was $26,132,674.
Who are the executives of University Of Utah Research Foundation and what are their salaries?
Here are 14 key members and their salaries:
- Compensation: $0
- Related: $608,747
- Other: $212,269
- Compensation: $0
- Related: $355,361
- Other: $114,260
- Compensation: $0
- Related: $258,621
- Other: $60,839
- Compensation: $0
- Related: $377,519
- Other: $107,705
- Compensation: $0
- Related: $484,270
- Other: $109,335
- Compensation: $0
- Related: $280,470
- Other: $48,517
- Compensation: $0
- Related: $1,639,444
- Other: $210,216
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $383,941
- Other: $101,185
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $356,410
- Other: $106,595
- Compensation: $0
- Related: $160,676
- Other: $44,794
- Compensation: $0
- Related: $417,788
- Other: $102,289
Where can I find the form 990 for University Of Utah Research Foundation?
University Of Utah Research Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of University Of Utah Research Foundation
University of Utah Research Foundation plays a pivotal role in championing research advancements at the University of Utah. This nonprofit organization's primary mission is to support the academic institution's research initiatives and manage its research park. By providing grants and research support, the University of Utah Research Foundation fosters an environment conducive to scientific discoveries and innovations. This backing enables researchers to tackle complex challenges, push the boundaries of knowledge, and contribute significantly to their respective fields. In essence, the foundation acts as a catalyst, fueling the University of Utah's research engine and driving progress.
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Impact
October, 2024
The University of Utah Research Foundation significantly impacts the research landscape by providing essential grants and administrative support to enhance research activities at the University of Utah. By managing the University Research Park, it fosters innovation and collaboration, creating an environment where researchers can thrive and translate their findings into real-world applications. This support not only advances education but also contributes to economic development and technological advancements in Salt Lake City and beyond. The foundation plays a crucial role in facilitating cutting-edge research that drives progress in various fields, ultimately benefiting society at large.
This information is meant to be a general summary of University Of Utah Research 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: -$285,437
- Gross Receipts: $37,634,420
Assets and Liabilities:
- Total Assets: $360,749,047
- Total Liabilities: $260,954,264
- Net Assets: $99,794,783
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Organization Details
Founding Year
1972
Phone
(801) 581-6940Principal Officer
Erin Rothwell
Main Address
201 SOUTH PRESIDENTS CIRCLE, SALT LAKE CITY, UT, 84112
NTEE Category
Code: B110 - Education
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