Overview
What is Iowa State University Research Park?
Iowa State University Research Park is a nonprofit organization situated in Ames, Iowa, with an address at 1805 Collaboration Place 1250. Its primary mission is to support and aid Iowa State University in achieving its educational, scientific, research, and other objectives. The nonprofit promotes and assists in job creation and entrepreneurship while contributing to the economic status and well-being of individuals and businesses within the state of Iowa. To accomplish this, Iowa State University Research Park offers reduced rent to help the university achieve its research goals and provides a resource-rich environment for established technology-related firms, services, and research organizations to expand their opportunities. The nonprofit also supports the growth and development of young Iowa-based companies and fosters the growth of science and technology entrepreneurial ventures in the state.
What are the reviews and ratings of this charity?
The Iowa State University Research Park is not currently rated by Charity Navigator. While the absence of a rating does not imply a positive or negative assessment, it reflects a lack of eligibility primarily due to the organization’s financial structure as indicated by their Program Expense ratio exceeding 100%. This suggests that there may be inaccuracies in reported expenses according to IRS Form 990, although the Park’s total revenue and expenses are publicly accessible for review.
The organization has several high-paid employees, including Rick Sanders and Alison Doyle, indicating substantial investment in leadership. Noteworthy is the non-compensated roles of Directors Dr. Matt Darr and Dr. Daniel J Robinson, suggestive of voluntary, possibly impactful contributions. Despite missing an Accountability & Finance rating, the organization seems to fulfill foundational status requirements, receiving significant support from relevant contributions and fees.
Due to a lack of data, the Impact & Measurement as well as Culture & Community beacons remain unscored. The absence of information on leadership capacity and strategic planning also contributes to unavailability in Leadership & Adaptability scoring. This overall lack of comprehensive data impedes a full assessment of the nonprofit’s operational effectiveness and community engagement. No user reviews have been found to provide additional insights from GreatNonprofits.
This AI summary has been generated from information found on Charity Navigator.
Is Iowa State University Research Park legitimate?
Iowa State University Research Park is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iowa State University Research Park 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: $440,659
Professional Fundraising Fees: $0
Other Salaries and Wages: $553,590
For more financial information, click here
What is the mission statement of Iowa State University Research Park?
Iowa State University Research Park aims to support Iowa State University in achieving its research objectives by offering reduced rent. The park aims to create a resource-rich environment, accommodating established technology-related firms, services, and research organizations, enabling them to expand their opportunities. Additionally, it provides a space for young Iowa-based companies to grow and develop their potential. Furthermore, the park fosters the growth of science and technology entrepreneurial ventures, providing them with a suitable base in Iowa.
Who is the CEO of Iowa State University Research Park?
Unavailable
What is the revenue of Iowa State University Research Park?
Iowa State University Research Park's revenue in 2023 was $11,715,274.
Who are the executives of Iowa State University Research Park and what are their salaries?
Here are 15 key members and their salaries:
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Where can I find the form 990 for Iowa State University Research Park?
Iowa State University Research Park's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Iowa State University Research Park
Iowa State University Research Park aims to support Iowa State University in achieving its research objectives by offering reduced rent. Its mission is to establish a resource-rich environment, both material and human, where established technology-related firms, services, and research organizations can expand their opportunities. Additionally, young Iowa-based companies can develop their potential, and science and technology entrepreneurial ventures can take root in Iowa. By providing such a conducive environment, Iowa State University Research Park seeks to foster growth and innovation in the field of science and technology.
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Impact
July, 2024
Iowa State University Research Park plays a significant role in fostering innovation, economic development, and entrepreneurship in the state of Iowa. By providing reduced rents and a supportive environment, the park enables established technology-related firms, services, research organizations, and young Iowa-based companies to flourish. This support not only aids Iowa State University in achieving its research goals but also contributes to job creation, entrepreneurship, and the overall economic well-being of individuals and businesses in Iowa. The park serves as a hub for science and technology entrepreneurial ventures, facilitating the growth and success of innovative projects in the state.
This information is meant to be a general summary of Iowa State University Research Park. 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: $86,806
- Program Service Revenue: $10,841,720
- Gross Receipts: $11,715,274
Assets and Liabilities:
- Total Assets: $83,485,755
- Total Liabilities: $66,146,796
- Net Assets: $17,338,959
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY RENT
Revenue
$10,678,723
LAND LEASES
Revenue
$105,879
OTHER INCOME
Revenue
$57,118
Organization Details
Founding Year
1998
Phone
(515) 296-7275Main Address
1805 COLLABORATION PLACE 1250, AMES, IA, 500109166
NTEE Category
Code: B110 - Education
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