Overview
What is University Of Rhode Island Research Foundation?
The University of Rhode Island Research Foundation is a nonprofit organization situated in Kingston, Rhode Island. Its primary mission is to facilitate the transformation of technologies developed at the University of Rhode Island into beneficial products and services. They achieve this by issuing intellectual property licenses to commercial entities. This initiative aims to support research at the university and stimulate the commercialization of technologies resulting from this research, ultimately contributing to the broader community. With a workforce of 25 individuals, the foundation plays a crucial role in fostering innovation and technological advancement.
Official website here: www.urirf.org
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 96% (Four-Star out of Four Stars)**tar)**
The University of Rhode Island Research Foundation boasts a remarkable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The full score is derived from its high standards in various areas, including having an independent board and comprehensive financial oversight. Its Program Expense Ratio of over 92% indicates that a significant portion of its funding is directed towards its educational and research initiatives.
This nonprofit organization showcases a solid governance structure, with an entirely independent board and rigorous policies in place, such as conflict of interest and whistleblower protections. The foundation's financial health is underscored by its low liabilities to assets ratio, illustrating prudent financial management and minimizing risks of asset diversion.
However, while the organization excels in financial metrics, some aspects like impact and community engagement have not been scored recently, leaving potential areas for growth and enhancement unmeasured. Overall, the foundation is well-regarded for its fiscal responsibility and organizational integrity, contributing positively to its mission.
Not Available
This AI summary has been generated from information found on Charity Navigator.
Is University Of Rhode Island Research Foundation legitimate?
University Of Rhode Island Research Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Rhode Island 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: $390,633
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,988,625
For more financial information, click here
Official website here: www.urirf.org
What is the mission statement of University Of Rhode Island Research Foundation?
The University of Rhode Island Research Foundation's mission is centered around supporting research conducted at the University of Rhode Island. Their primary goal is to foster the commercialization of technologies that emerge from this research. They accomplish this by facilitating the transition of these URI technologies into useful products and services, often through intellectual property licenses provided to commercial entities. This process helps to bring innovative research findings to the market, potentially benefiting a wide range of industries and end-users.
Official website here: www.urirf.org
What is the revenue of University Of Rhode Island Research Foundation?
University Of Rhode Island Research Foundation's revenue in 2023 was $8,411,682.
Official website here: www.urirf.org
Who are the executives of University Of Rhode Island Research Foundation and what are their salaries?
The average compensation at University Of Rhode Island Research Foundation during 2023 was $113,298. There are 21 employees at University Of Rhode Island Research Foundation.
Here are 24 key members and their salaries:
- Compensation: $181,223
- Related: $0
- Other: $46,603
- Compensation: $125,594
- Related: $0
- Other: $11,961
- Compensation: $169,579
- Related: $0
- Other: $17,490
- Compensation: $156,396
- Related: $0
- Other: $14,848
- Compensation: $160,472
- Related: $0
- Other: $46,363
- Compensation: $112,275
- Related: $0
- Other: $12,658
- Compensation: $26,415
- Related: $0
- Other: $0
- Compensation: $144,496
- Related: $0
- Other: $14,015
- Compensation: $20,090
- Related: $0
- Other: $0
- Compensation: $9,000
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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Official website here: www.urirf.org
Where can I find the form 990 for University Of Rhode Island Research Foundation?
University Of Rhode Island Research Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.urirf.org
Learn more at the official website: www.urirf.org
Mission Statement of University Of Rhode Island Research Foundation
The University of Rhode Island Research Foundation's mission revolves around supporting research conducted at the University of Rhode Island and fostering the commercialization of technologies that emerge from this research. In essence, their role is to facilitate the transformation of University of Rhode Island technologies into useful products and services by granting intellectual property licenses to commercial entities. This process enables the development and distribution of innovative technologies, ultimately benefiting society as a whole.
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Impact
October, 2024
The University of Rhode Island Research Foundation significantly impacts the advancement of research at the University of Rhode Island by facilitating the transition of innovative technologies into practical applications. By focusing on the commercialization of research findings, the foundation enables the effective licensing of intellectual property to commercial entities. This process not only supports researchers in bringing their discoveries to market but also enhances economic growth and technological development in the region. The foundation plays a vital role in transforming scientific research into useful products and services, solidifying the university's position as a leader in innovation and contributing to the broader scientific community. Its activities foster collaboration between academia and industry, driving progress in various fields of science and technology.
This information is meant to be a general summary of University Of Rhode Island 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 2023.
- Investment Income: $604
- Program Service Revenue: $1,429,446
- Gross Receipts: $8,411,682
Assets and Liabilities:
- Total Assets: $6,078,660
- Total Liabilities: $1,289,986
- Net Assets: $4,788,674
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROJECT REVENUE
Revenue
$420,510
LICENSING INCOME
Revenue
$506,706
RESEARCH AND DEV SERVICE
Revenue
$502,230
Organization Details
Founding Year
2007
Principal Officer
Christian Cowan
Website
www.urirf.orgNTEE Category
Code: U99 - Science research
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