Overview
What is Indiana University Research & Technology Corporation?
Indiana University Research & Technology Corporation (IURTC) is a nonprofit organization situated in Bloomington, Indiana. Its primary role is to manage investments under the Indiana Philanthropic Venture Fund (IPVF) and Innovate Indiana Fund I, LLC (IIF), focusing on planning, operations, and investments in life science and technology companies. The IURTC supports Indiana University, the state of Indiana, and the nation by creating and applying university-developed technologies and services, fostering a stronger connection between the university and the private sector. The corporation employs a total of 8 individuals in their operations.
Official website here: www.iurtc.iu.edu
Is Indiana University Research & Technology Corporation legitimate?
Indiana University Research & Technology Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indiana University Research & Technology Corporation 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: $664,926
Professional Fundraising Fees: $0
Other Salaries and Wages: $218,115
For more financial information, click here
Official website here: www.iurtc.iu.edu
What is the mission statement of Indiana University Research & Technology Corporation?
Indiana University Research & Technology Corporation (IURTC) serves a vital role, supporting Indiana University, the state of Indiana, and the nation. This organization achieves this by creating and applying university-developed technologies and services, while fostering a stronger connection between the university and the private sector. IURTC manages investments, specifically through the Indiana Philanthropic Venture Fund (IPVF) and Innovate Indiana Fund I, LLC (IIF), which focus on life science and technology companies. The investment committee assists in making decisions regarding these investments. In essence, IURTC contributes to the advancement of technology and strengthens the relationship between the academic and private sectors.
Official website here: www.iurtc.iu.edu
Who is the CEO of Indiana University Research & Technology Corporation?
Anthony T Armstrong is the President And Ceo of Indiana University Research & Technology Corporation. The CEO's salary of Indiana University Research & Technology Corporation is $0 and their total compensation is $310,464.
Official website here: www.iurtc.iu.edu
What is the revenue of Indiana University Research & Technology Corporation?
Indiana University Research & Technology Corporation's revenue in 2022 was $5,196,911.
Official website here: www.iurtc.iu.edu
Who are the executives of Indiana University Research & Technology Corporation and what are their salaries?
The average compensation at Indiana University Research & Technology Corporation during 2022 was $110,380. There are 8 employees at Indiana University Research & Technology Corporation.
Here are 18 key members and their salaries (Indiana University Research & Technology Corporation's CEO's salary is $0 and their total compensation is $310,464):
- Compensation: $0
- Related: $258,683
- Other: $51,781
- Compensation: $252,364
- Related: $0
- Other: $42,117
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $306,135
- Other: $56,617
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $366,792
- Other: $60,306
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $260,065
- Other: $59,927
- Compensation: $0
- Related: $1,046,776
- Other: $333,880
- Compensation: $0
- Related: $396,725
- Other: $58,261
- Compensation: $0
- Related: $166,851
- Other: $37,197
- Compensation: $0
- Related: $685,746
- Other: $65,871
- Compensation: $176,090
- Related: $0
- Other: $29,148
- Compensation: $138,307
- Related: $0
- Other: $34,591
- Compensation: $170,494
- Related: $0
- Other: $27,052
- Compensation: $122,613
- Related: $0
- Other: $23,807
Official website here: www.iurtc.iu.edu
Where can I find the form 990 for Indiana University Research & Technology Corporation?
Indiana University Research & Technology Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iurtc.iu.edu
Learn more at the official website: www.iurtc.iu.edu
Mission Statement of Indiana University Research & Technology Corporation
Indiana University Research & Technology Corporation (IURTC) serves a significant role in supporting Indiana University, the state of Indiana, and the nation at large. Its mission is centered around the creation and application of university-developed technologies and services, as well as fostering a stronger connection between the university and the private sector. By doing so, IURTC aims to contribute positively to various sectors, leveraging the innovative potential of university research.
Specifically, IURTC is responsible for managing investments through the Indiana Philanthropic Venture Fund (IPVF) and Innovate Indiana Fund I, LLC (IIF). These funds provide a platform for acquiring, holding, disposing, and managing investments in life science and technology companies. An investment committee assists with investment decisions, ensuring that IURTC’s investments align with its mission and contribute to the overall growth and success of the organizations it supports. In essence, IURTC plays a pivotal role in bridging the gap between academic research and the commercial sector, promoting innovation and technological advancements.
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Impact
October, 2024
Indiana University Research & Technology Corporation (IURTC) significantly impacts Indiana University, the state of Indiana, and the broader national landscape by facilitating the creation and application of university-developed technologies and services. Through its strategic initiatives, IURTC strengthens the connection between the private sector and university innovation, fostering an environment conducive to collaboration and technological advancement.
IURTC manages key investment initiatives, including the Indiana Philanthropic Venture Fund (IPVF) and Innovate Indiana Fund I, LLC (IIF). These funds focus on acquiring, holding, and managing investments in life sciences and technology companies. An investment committee plays a crucial role in guiding these investment decisions, ensuring that resources are effectively utilized to cultivate groundbreaking ventures.
Through its efforts, IURTC not only supports the commercialization of research but also drives economic growth by nurturing startups and established enterprises in high-tech sectors. This commitment to innovation enhances Indiana's reputation as a hub for research and development, contributing to the overall growth of the state's economy and providing a multitude of opportunities for collaboration and advancement in various fields.
This information is meant to be a general summary of Indiana University Research & Technology Corporation. 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: $4,005,780
- Program Service Revenue: $1,013,492
- Gross Receipts: $6,242,505
Assets and Liabilities:
- Total Assets: $21,292,100
- Total Liabilities: $584,136
- Net Assets: $20,707,964
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES IU CONTRACT REVEN
Revenue
$983,000
OTHER REVENUE
Revenue
$30,492
Organization Details
Founding Year
1996
Phone
(317) 278-1911Principal Officer
Anthony T Armstrong
Main Address
642 N MADISON STREET 113, BLOOMINGTON, IN, 47404
Website
www.iurtc.iu.eduNTEE Category
Code: B99 - Education
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