Overview
What is Science And Technology Campus Corp?
Science and Technology Campus Corp, often referred to as SCITECH, is a not-for-profit organization affiliated with The Ohio State University (OSU). Situated in Columbus, Ohio, it develops the 53-acre Innovation Park on OSU's campus. The primary aim of this organization is to foster an enhanced science and technology campus, offering space for technology-related enterprises and research and development entities. Additionally, SCITECH provides facilities for commercial enterprises and research institutions that can benefit from the resources within the university community. SCITECH plays a crucial role in supporting university faculty members in transforming their research into commercial start-ups, thereby encouraging entrepreneurship in high technology in Columbus, Ohio. In summary, SCITECH is dedicated to promoting the industrial, economic, commercial, and civil development of a research park for the mutual benefit of The Ohio State University, Ohio, Franklin County, and their respective communities.
Official website here: www.stcc.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 77% (Three Stars)**
Science And Technology Campus Corp has earned a Three-Star out of Four Star rating from Charity Navigator, reflecting a solid level of accountability and financial health. The charity's score is predominantly based on its Accountability & Finance metrics, indicating that its financial practices are sound, with a low liabilities-to-assets ratio and a high program expense ratio. These figures suggest effective financial management aimed at furthering its mission.
However, the organization does have some weaknesses, particularly in transparency where it receives no points for missing financial statements and other key documents that are typically expected to be accessible. Despite having an independent board structure, the absence of critical documents impacts its overall score. Additionally, the organization has not yet been evaluated for its impact, culture, or leadership, which points to areas that could be improved for a more comprehensive assessment.
Unfortunately, user reviews from GreatNonprofits could not be retrieved, limiting insights into the community's experiences with the organization. Overall, while the charity demonstrates a commitment to accountability and finance, there are notable gaps in transparency and impact measurement that potential donors and supporters should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Science And Technology Campus Corp legitimate?
Science And Technology Campus Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Science And Technology Campus Corp 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
Official website here: www.stcc.org
What is the mission statement of Science And Technology Campus Corp?
The Science and Technology Campus Corp was established with a charitable purpose. Its mission is to advance, encourage, and promote the industrial, economic, commercial, and civil development of a designated area. This development aims to serve as a research park, benefiting various entities such as The Ohio State University, the state of Ohio, Franklin County, Columbus, and their respective communities, collectively contributing to their general welfare.
Official website here: www.stcc.org
Who is the CEO of Science And Technology Campus Corp?
Amanda Hoffsis is the Director of Science And Technology Campus Corp.
Official website here: www.stcc.org
What is the revenue of Science And Technology Campus Corp?
Science And Technology Campus Corp's revenue in 2022 was $7,635,968.
Official website here: www.stcc.org
Who are the executives of Science And Technology Campus Corp and what are their salaries?
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $589,002
- Other: $74,867
- Compensation: $0
- Related: $730,420
- Other: $104,958
- Compensation: $0
- Related: $2,092,119
- Other: $49,343
- Compensation: $0
- Related: $212,273
- Other: $25,349
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $514,335
- Other: $89,248
- Compensation: $0
- Related: $249,275
- Other: $45,319
- Compensation: $0
- Related: $311,193
- Other: $65,084
- Compensation: $0
- Related: $366,437
- Other: $70,945
Official website here: www.stcc.org
Where can I find the form 990 for Science And Technology Campus Corp?
Science And Technology Campus Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stcc.org
Learn more at the official website: www.stcc.org
Mission Statement of Science And Technology Campus Corp
Science and Technology Campus Corp is established with a charitable purpose. Its mission is centered around advancing, encouraging, and promoting the industrial, economic, commercial, and civil development of a specific area. This area is intended to serve as a research park, benefiting the Ohio State University, the State of Ohio, Franklin County, Ohio, the City of Columbus, Ohio, and their respective communities collectively. The corporation's goal is to contribute to the common benefit and general welfare of these entities, aiming to develop the area for the betterment of all involved.
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Impact
October, 2024
Science And Technology Campus Corp (SciTech) plays a crucial role in advancing the industrial, economic, and commercial development of its surrounding communities, particularly benefiting Ohio State University (OSU) and the greater Columbus area. By serving as the sole developer of a 53-acre innovation park on the OSU campus, SciTech facilitates the creation of an enhanced science and technology ecosystem that attracts technology-related enterprises and research and development entities.
The impact of SciTech is multifaceted. It not only provides essential space and resources for businesses engaged in cutting-edge research but also fosters collaboration between academia and industry. This collaboration is vital for transforming university research into commercial ventures, thereby encouraging entrepreneurship and innovation in high technology within the region.
By concentrating efforts on creating a thriving research park, SciTech significantly contributes to local economic growth, job creation, and the overall welfare of the communities it serves. It enhances opportunities for faculty to commercialize their research through the establishment of start-up companies, ultimately enriching the educational environment and stimulating economic development in Columbus and beyond.
This information is meant to be a general summary of Science And Technology Campus Corp. 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: $12,519
- Program Service Revenue: $7,623,449
- Gross Receipts: $7,635,968
Assets and Liabilities:
- Total Assets: $43,654,425
- Total Liabilities: $20,528,254
- Net Assets: $23,126,171
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$7,583,733
OTHER FEES
Revenue
$39,716
Organization Details
Founding Year
1996
Phone
(614) 675-4100Principal Officer
Amanda Hoffsis
Main Address
1534 NORTH HIGH ST, COLUMBUS, OH, 43201
Website
www.stcc.orgNTEE Category
Code: B110 - Education
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