Overview
What is University Research Park Incorporated?
University Research Park Incorporated is a nonprofit organization based in Madison, Wisconsin, with an address at 505 S Rosa Rd Suite 201, ZIP code 53719. Their primary mission is to acquire, hold, administer, and distribute both real and personal property for the benefit of the University of Wisconsin-Madison. This organization plays a crucial role in providing resources and support to enhance the university's operations. By managing and distributing property, they contribute significantly to the success and growth of UW-Madison.
Official website here: www.universityresearchpark.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
University Research Park Incorporated has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 88% based on its accountability and finance practices. The high score indicates strong financial management and a commitment to transparency, particularly demonstrated by its fully independent board and robust financial oversight mechanisms.
The organization excels in several key areas, such as having a 93.63% program expense ratio, which suggests that a significant portion of its resources is directed towards its programs rather than administrative costs. It also boasts a perfect score for both the accountability of its board and the absence of material diversion of assets, ensuring that funds are utilized properly and ethically.
However, the organization does have some limitations. It is noted that the whistleblower policy and the document retention and destruction policies are missing, which could raise concerns about governance practices. Additionally, the tax forms are not posted on the nonprofit's website, which may impact accessibility for potential donors and stakeholders looking for financial transparency.
This AI summary has been generated from information found on Charity Navigator.
Is University Research Park Incorporated legitimate?
University Research Park Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Research Park Incorporated 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: $952,285
Professional Fundraising Fees: $0
Other Salaries and Wages: $400,205
For more financial information, click here
Official website here: www.universityresearchpark.org
What is the mission statement of University Research Park Incorporated?
University Research Park Incorporated is an organization dedicated to acquiring, holding, administering, and distributing real and personal property for the advantage of the University of Wisconsin-Madison. In simple terms, it manages and rents out property to benefit the university. The organization's primary role is to facilitate the University's growth by handling its property affairs. Through this mission, University Research Park Incorporated contributes significantly to the University's ongoing projects and initiatives.
Official website here: www.universityresearchpark.org
Who is the CEO of University Research Park Incorporated?
Aaron Olver is the Assistant Secretary/Treasurer of University Research Park Incorporated.
Official website here: www.universityresearchpark.org
What is the revenue of University Research Park Incorporated?
University Research Park Incorporated's revenue in 2022 was $23,400,734.
Official website here: www.universityresearchpark.org
Who are the executives of University Research Park Incorporated and what are their salaries?
There 11 volunteers at University Research Park Incorporated.
Here are 15 key members and their salaries:
- Compensation: $305,231
- Related: $0
- Other: $38,786
- Compensation: $216,895
- Related: $0
- Other: $51,987
- Compensation: $138,932
- Related: $0
- Other: $43,132
- Compensation: $117,512
- Related: $0
- Other: $39,808
- Compensation: $0
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Official website here: www.universityresearchpark.org
Where can I find the form 990 for University Research Park Incorporated?
University Research Park Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.universityresearchpark.org
Learn more at the official website: www.universityresearchpark.org
Mission Statement of University Research Park Incorporated
University Research Park Incorporated (URPI) is a mission-driven organization that plays a crucial role in supporting the University of Wisconsin (UW)-Madison. This nonprofit acquires, holds, administers, and distributes both real and personal property for the benefit of the esteemed educational institution.
In simple terms, URPI functions as a property manager, overseeing the rental and management of real estate and personal assets to advance the goals and objectives of UW-Madison. By performing these essential tasks, URPI contributes significantly to the university's growth and success.
The nonprofit organization's commitment to UW-Madison extends beyond the mere transactional aspects of property management. Through its dedicated work, URPI ensures that the university has access to the resources it needs to excel in its academic pursuits and research initiatives. In doing so, URPI helps strengthen the university's position as a leading institution of higher learning.
Moreover, the organization's activities facilitate the efficient use and allocation of resources, allowing UW-Madison to focus on its core mission – delivering a world-class education and conducting groundbreaking research. By managing the details of property acquisition, administration, and distribution, URPI enables UW-Madison to devote its resources to the vital work of teaching, learning, and discovery.
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Impact
October, 2024
University Research Park Incorporated plays a pivotal role in supporting the University of Wisconsin-Madison by acquiring, holding, administering, and distributing real and personal property. This directly benefits the university through rental activities that provide essential resources for its educational and research endeavors.
By facilitating access to quality facilities and infrastructure, the organization enhances the university's ability to attract talent, foster innovation, and promote collaboration among researchers, faculty, and students. This ultimately contributes to the advancement of knowledge and economic development in the region, driving growth and opportunities that extend beyond the campus.
In summary, University Research Park Incorporated significantly impacts UW-Madison by creating an environment conducive to education and research, thereby strengthening the university's mission and outreach efforts.
This information is meant to be a general summary of University Research Park Incorporated. 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: $1,420,207
- Program Service Revenue: $21,942,216
- Gross Receipts: $28,618,474
Assets and Liabilities:
- Total Assets: $189,811,725
- Total Liabilities: $79,545,702
- Net Assets: $110,266,023
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE INCOME
Revenue
$21,942,216
Organization Details
Founding Year
1984
Phone
(608) 441-8000Principal Officer
Aaron Olver
Main Address
505 S Rosa Rd Suite 201, Madison, WI, 53719
NTEE Category
Code: B110 - Education
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