Overview
What is University Of Iowa Research Park Corporation?
The University of Iowa Research Park Corporation (UIRPC) serves as a title-holding entity, primarily operating a research park in close proximity to the University of Iowa. Its primary mission is to provide growing companies with a variety of building sites or leased office and laboratory spaces, situated in a park-like environment. This environment offers convenient access to the extensive research resources of the University of Iowa. UIRPC acts as a lessee under a master ground lease with the State of Iowa, managing thirteen land leases in the fiscal year ending June 30, 2022. Despite generating an income of $214,203 from these leases, operational expenses totaled $216,185. As of now, fourteen out of twenty-seven available lots remain to be leased. UIRPC is a nonprofit organization with a small workforce of two individuals.
Official website here: www.researchpark.uiowa.edu/
Is University Of Iowa Research Park Corporation legitimate?
University Of Iowa Research Park Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. University Of Iowa Research Park 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: $30,626
Professional Fundraising Fees: $0
Other Salaries and Wages: $51,476
For more financial information, click here
Official website here: www.researchpark.uiowa.edu/
What is the mission statement of University Of Iowa Research Park Corporation?
The University of Iowa Research Park Corporation (UIRPC) serves as a title-holding entity, providing growing companies with a variety of building sites or leased office and laboratory space in a park-like environment. This environment offers convenient access to the research resources of the University of Iowa. The mission of UIRPC is to facilitate sustained research relationships between these companies and the UI. By leasing land and space, UIRPC supports companies that desire a connection with the university's research activities. In the fiscal year ending June 30, 2022, UIRPC managed thirteen land leases, generating income of $214,203, while incurring operating expenses of $216,185. As of the same year, fourteen out of twenty-seven available lots remain to be leased.
Official website here: www.researchpark.uiowa.edu/
Who is the CEO of University Of Iowa Research Park Corporation?
Jon Darsee is the Principal Officer of University Of Iowa Research Park Corporation.
Official website here: www.researchpark.uiowa.edu/
What is the revenue of University Of Iowa Research Park Corporation?
University Of Iowa Research Park Corporation's revenue in 2022 was $380,417.
Official website here: www.researchpark.uiowa.edu/
Who are the executives of University Of Iowa Research Park Corporation and what are their salaries?
The average compensation at University Of Iowa Research Park Corporation during 2022 was $41,051. There are 2 employees and 4 volunteers at University Of Iowa Research Park Corporation.
Here are 13 key members and their salaries:
- Compensation: $23,231
- Related: $76,059
- Other: $26,619
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $255,237
- Other: $42,964
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $392,583
- Other: $53,463
- Compensation: $0
- Related: $482,547
- Other: $55,995
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $237,270
- Other: $41,205
- Compensation: $0
- Related: $249,711
- Other: $42,176
- Compensation: $0
- Related: $238,973
- Other: $42,248
- Compensation: $0
- Related: $260,140
- Other: $42,756
- Compensation: $0
- Related: $394,130
- Other: $48,509
Official website here: www.researchpark.uiowa.edu/
Where can I find the form 990 for University Of Iowa Research Park Corporation?
University Of Iowa Research Park Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.researchpark.uiowa.edu/
Learn more at the official website: www.researchpark.uiowa.edu/
Mission Statement of University Of Iowa Research Park Corporation
The University of Iowa Research Park Corporation (UIRPC) serves as a title-holding entity, providing a research park for the University of Iowa. Its mission is to offer growing companies a variety of building sites or leased office and laboratory space in a park-like environment, granting them convenient access to the research resources of the University of Iowa. This setup allows these companies to establish and sustain research relationships with the university. The UIRPC operates as an affiliated organization of the University of Iowa, holding a master ground lease from the state of Iowa. The corporation leases building sites and spaces to companies seeking such opportunities, as demonstrated by the thirteen land leases it managed in the fiscal year ending June 30, 2022. However, it should be noted that while income from these leases amounted to $214,203, operating expenses totaled slightly more at $216,185. Despite this, fourteen of the total twenty-seven lots still remain to be leased, indicating ongoing opportunities for companies seeking a research-oriented environment.
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Impact
October, 2024
The University of Iowa Research Park Corporation (UIRPC) plays a crucial role in fostering innovation and economic development. By operating a research park, UIRPC provides a conducive environment for growing companies that seek to collaborate with the University of Iowa on research initiatives. This strategic partnership enhances the connection between academia and industry, facilitating the transfer of knowledge, technology, and resources.
Located in Coralville, Iowa, UIRPC manages multiple land leases that enable businesses to establish themselves in proximity to cutting-edge research facilities. This arrangement not only supports the growth of those companies but also contributes to the local economy by creating jobs and attracting talent.
In the fiscal year ending June 30, 2022, UIRPC generated significant income through its leases, highlighting its role in driving economic activity within the region. Despite operating expenses slightly exceeding revenue, the research park continues to attract attention, with numerous lots still available for lease. This indicates ongoing potential for future growth and collaboration.
Overall, UIRPC's impact extends beyond immediate financial metrics; it enhances community improvement by nurturing innovation, supporting the entrepreneurial ecosystem, and strengthening the research capabilities of the University of Iowa. This symbiotic relationship ultimately benefits both the local community and the broader economic landscape.
This information is meant to be a general summary of University Of Iowa Research Park 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: $50,380
- Program Service Revenue: $214,403
- Gross Receipts: $380,417
Assets and Liabilities:
- Total Assets: $4,843,563
- Total Liabilities: $2,105,018
- Net Assets: $2,738,545
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAND LEASES
Revenue
$214,403
Organization Details
Founding Year
1989
Phone
(319) 384-2741Principal Officer
Jon Darsee
Main Address
2500 CROSSPARK ROAD, CORALVILLE, IA, 52241
Website
www.researchpark.uiowa.edu/NTEE Category
Code: S47 - Community improvement
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