Overview
What is University Of Iowa Research Foundation?
The University of Iowa Research Foundation (UIRF) is a nonprofit organization located at 200 South Capitol Street 2660 UCC, Iowa City, Iowa. Its primary mission is to facilitate the transfer of innovative research from the laboratory to the world. The UIRF achieves this by providing intellectual property services, commercializing University of Iowa technologies, and supporting new ventures. In the realm of intellectual property, the UIRF received 103 new invention disclosures in 2022, filed numerous patent applications, and obtained 20 US and 60 foreign-issued patents. Regarding commercialization, the UIRF distributed $2.83 million in net revenue to inventors, executed 48 new license/option agreements, and distributed funds to Iowa companies. In support of new ventures, the UIRF signed agreements with 3 startups and 5 Iowa companies in 2022. The UIRF's mission is to protect and utilize inventions for the public good, manage and administer property, and make contributions to benefit the State University of Iowa. With a team of 10 employees, the UIRF plays a significant role in advancing research and innovation at the University of Iowa.
Official website here: www.uirf.research
Is University Of Iowa Research Foundation legitimate?
University Of Iowa Research Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Iowa 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: $367,756
Professional Fundraising Fees: $0
Other Salaries and Wages: $846,936
For more financial information, click here
Official website here: www.uirf.research
What is the mission statement of University Of Iowa Research Foundation?
The University of Iowa Research Foundation (UIRF) aims to promote the advancement of science and useful arts by encouraging and assisting research, investigation, and education at the University of Iowa. They provide means and methods to protect and determine the uses of ideas, inventions, discoveries, and processes, safeguarding them for the public. The UIRF also manages, licenses, and disposes of proprietary rights in these innovations. Additionally, they acquire property to manage and administer, making contributions and transfers for the benefit of the University of Iowa.
Official website here: www.uirf.research
What is the revenue of University Of Iowa Research Foundation?
University Of Iowa Research Foundation's revenue in 2024 was $6,402,827.
Official website here: www.uirf.research
Who are the executives of University Of Iowa Research Foundation and what are their salaries?
The average compensation at University Of Iowa Research Foundation during 2024 was $110,427. There are 11 employees and 8 volunteers at University Of Iowa Research Foundation.
Here are 13 key members and their salaries:
- Compensation: $252,366
- Related: $0
- Other: $47,924
- Compensation: $0
- Related: $257,497
- Other: $46,556
- Compensation: $0
- Related: $358,066
- Other: $59,014
- Compensation: $0
- Related: $410,489
- Other: $55,818
- Compensation: $0
- Related: $516,327
- Other: $65,820
- Compensation: $0
- Related: $140,436
- Other: $37,575
- Compensation: $0
- Related: $260,661
- Other: $46,068
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $687,103
- Other: $559,316
- Compensation: $136,446
- Related: $0
- Other: $14,365
- Compensation: $125,359
- Related: $0
- Other: $33,059
- Compensation: $0
- Related: $272,530
- Other: $48,499
Official website here: www.uirf.research
Where can I find the form 990 for University Of Iowa Research Foundation?
University Of Iowa Research Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.uirf.research
Learn more at the official website: www.uirf.research
Mission Statement of University Of Iowa Research Foundation
The University of Iowa Research Foundation (UIRF) is dedicated to promoting progress in science and the arts by supporting research and education at the University of Iowa. Its mission involves encouraging and assisting investigators in transferring their discoveries and inventions from the laboratory to the wider world. UIRF safeguards the rights to ideas, creations, discoveries, inventions, and processes, and determines their appropriate uses for the public benefit. In addition, the foundation manages, licenses, and disposes of proprietary rights in these areas, making contributions, grants, or transfers of property as necessary. By doing so, UIRF aims to contribute to the advancement and development of knowledge and technology, ultimately benefiting society as a whole.
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Impact
October, 2024
The University of Iowa Research Foundation (UIRF) plays a crucial role in transforming research innovations from the University of Iowa into tangible developments that benefit society. Its efforts are divided into three primary areas: intellectual property services, commercialization of university technologies, and support for new ventures.
In the realm of intellectual property, UIRF has significantly advanced the protection of research outcomes. In fiscal year 2022, the foundation received 103 new invention disclosures from university researchers, filed 95 U.S. patent applications, and secured a total of 80 issued patents. This intellectual property framework safeguards the discoveries and innovations that emerge from the university's research environment.
On the commercialization front, UIRF effectively disseminates new technologies to the marketplace. During the same fiscal period, it distributed $2.83 million in net revenue to UI inventors, colleges, departments, and other co-owners, indicating a strong return on innovation investments. The foundation successfully executed 48 new license or option agreements, which not only supports individual inventors but also fosters collaboration with industry.
Supporting new ventures is another vital aspect of UIRF's mission. In fiscal year 2022, a number of licenses and options were granted to startup companies and Iowa-based businesses, facilitating local economic development and entrepreneurship. This focus on new ventures ensures that research findings do not remain confined to academic settings but are instead translated into real-world applications.
Overall, the University of Iowa Research Foundation significantly impacts the advancement of science and technology, bridging the gap between academic research and practical application, and ultimately enhancing the quality of life through innovation.
This information is meant to be a general summary of University Of Iowa 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 2024.
- Investment Income: $82,364
- Program Service Revenue: $3,320,463
- Gross Receipts: $6,402,827
Assets and Liabilities:
- Total Assets: $11,367,702
- Total Liabilities: $2,414,076
- Net Assets: $8,953,626
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REIMBURSED PATENT ACQU
Revenue
$1,152,618
LICENSE, SUBLICENSE, A
Revenue
$1,098,399
ROYALTIES
Revenue
$1,069,446
Organization Details
Founding Year
1975
Principal Officer
Scholtz J Martin
Website
www.uirf.researchNTEE Category
Code: U40 - Science research
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