Overview
What is Wisconsin Alumni Research Foundation?
Wisconsin Alumni Research Foundation (WARF) is a century-old, independent, nonprofit organization based in Madison, Wisconsin. Its primary role is to support the University of Wisconsin-Madison (UW-Madison) through operational assistance, an annual base grant, and additional yearly grants. WARF acts as UW-Madison's designated patent management organization, managing educational and research-related assets. It offers educational programming and connects the wider community to scientific research at UW-Madison. Since the Great Depression, WARF's annual base grant has aided pivotal campus activities, such as faculty recruitment and retention, graduate fellowships, and research grants. Over the years, WARF's support has expanded to various corners of UW-Madison's innovation ecosystem, including funding buildings and equipment to boost research and maintain UW-Madison's excellence. Its mission is to financially support scientific research within the UW-Madison community, actively manage assets, and commercialize innovations for a financial return and global impact. WARF currently employs 114 individuals.
Official website here: www.warf.org
Is Wisconsin Alumni Research Foundation legitimate?
Wisconsin Alumni Research Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wisconsin Alumni 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: $5,232,878
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,722,967
For more financial information, click here
Official website here: www.warf.org
What is the mission statement of Wisconsin Alumni Research Foundation?
The Wisconsin Alumni Research Foundation (WARF) is dedicated to supporting scientific research within the UW-Madison community. They achieve this mission by providing financial backing, managing assets effectively, and facilitating the transition of innovations to the marketplace for financial returns and global impact. WARF offers ongoing operational and functional support to UW-Madison, a core annual base grant, and additional year-to-year grants. Since the Great Depression, their annual base grant has been instrumental in funding pivotal campus activities such as faculty recruitment and retention, graduate fellowships, and research grants. Over time, WARF's role has expanded to encompass funding for buildings and equipment, thereby enhancing campus research and maintaining UW-Madison's excellence.
Official website here: www.warf.org
Who is the CEO of Wisconsin Alumni Research Foundation?
Erik Iverson is the Trustee/Ceo of Wisconsin Alumni Research Foundation. The CEO's salary of Wisconsin Alumni Research Foundation is $695,303 and their total compensation is $807,995.
Official website here: www.warf.org
What is the revenue of Wisconsin Alumni Research Foundation?
Wisconsin Alumni Research Foundation's revenue in 2023 was -$21,573,356.
Official website here: www.warf.org
Who are the executives of Wisconsin Alumni Research Foundation and what are their salaries?
The average compensation at Wisconsin Alumni Research Foundation during 2023 was $113,648. There are 114 employees and 87 volunteers at Wisconsin Alumni Research Foundation.
Here are 25 key members and their salaries (Wisconsin Alumni Research Foundation's CEO's salary is $695,303 and their total compensation is $807,995):
- Compensation: $695,303
- Related: $15,000
- Other: $97,692
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $24,000
- Related: $0
- Other: $0
- Compensation: $24,000
- Related: $0
- Other: $0
- Compensation: $24,000
- Related: $15,000
- Other: $0
- Compensation: $24,000
- Related: $15,000
- Other: $0
- Compensation: $24,000
- Related: $0
- Other: $0
- Compensation: $24,000
- Related: $15,000
- Other: $0
- Compensation: $24,000
- Related: $0
- Other: $0
- Compensation: $24,000
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $443,307
- Related: $0
- Other: -$206,271
- Compensation: $399,230
- Related: $0
- Other: -$112,374
- Compensation: $416,045
- Related: $0
- Other: $63,471
- Compensation: $410,530
- Related: $0
- Other: $62,126
- Compensation: $537,078
- Related: $0
- Other: -$94,697
- Compensation: $473,797
- Related: $0
- Other: $82,446
- Compensation: $258,730
- Related: $0
- Other: -$69,109
- Compensation: $295,991
- Related: $0
- Other: $74,751
- Compensation: $264,910
- Related: $0
- Other: -$6,875
Official website here: www.warf.org
Where can I find the form 990 for Wisconsin Alumni Research Foundation?
Wisconsin Alumni Research Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.warf.org
Learn more at the official website: www.warf.org
Mission Statement of Wisconsin Alumni Research Foundation
Wisconsin Alumni Research Foundation (WARF) is dedicated to supporting the University of Wisconsin-Madison and the Morgridge Institute by providing functional assistance and grants for research. Their mission is to foster scientific research within the UW-Madison community by offering financial support, managing assets effectively, and facilitating the commercialization of innovations for a financial return and global impact.
In essence, WARF plays a crucial role in providing operational and functional support to UW-Madison, including serving as its designated patent management organization. They hold and manage educational and research-related assets, provide educational programming, and connect the wider community with scientific research at UW-Madison. Since the Great Depression, WARF's annual base grant has supported pivotal campus activities, such as faculty recruitment and retention, graduate fellowships, and research grants. Over the years, WARF's support has expanded, reaching into every corner of UW-Madison's innovation ecosystem, funding buildings and equipment to enhance campus research and maintain UW-Madison's excellence.
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Impact
October, 2024
The Wisconsin Alumni Research Foundation (WARF) significantly enhances research and innovation at UW-Madison. Its impact is evident through ongoing operational and functional support, which includes a core annual base grant and additional grants for specific projects. Since the Great Depression, WARF has played a crucial role in supporting faculty recruitment, graduate fellowships, and vital research initiatives, thereby fostering academic excellence.
By managing patents and educational assets, WARF serves as UW-Madison's designated patent management organization, streamlining the process of moving innovations from the lab to the marketplace. This not only generates financial returns but also contributes to substantial global advancements in various fields. Furthermore, WARF funds infrastructure improvements, such as buildings and equipment, that bolster research capabilities and enrich the entire UW-Madison ecosystem.
Through educational programming and community engagement, WARF connects broader audiences to the scientific research conducted at UW-Madison, amplifying the foundation's influence far beyond the campus. Its dedication to supporting scientific research propels innovation, ultimately enriching both the university and society at large.
This information is meant to be a general summary of Wisconsin Alumni 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: -$41,495,994
- Program Service Revenue: $10,839,539
- Gross Receipts: $60,834,398
Assets and Liabilities:
- Total Assets: $3,185,260,024
- Total Liabilities: $932,184,122
- Net Assets: $2,253,075,902
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ROYALTIES
Revenue
$8,145,966
LICENSING
Revenue
$2,693,573
Organization Details
Founding Year
1925
Phone
(608) 960-9850Principal Officer
Erik Iverson
Main Address
614 WALNUT STREET 13TH FLOOR, MADISON, WI, 53726
Website
www.warf.orgNTEE Category
Code: B840 - Education
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