Overview
What is Univ Of South Alabama Foundation For Research And Commercialization?
The Univ of South Alabama Foundation for Research and Commercialization, located at 307 Univ Blvd N, Suite AD 380, Mobile, AL 36688, is a nonprofit organization dedicated to supporting historically black colleges and universities (HBCUs) as they engage in the Frontier SET IP Network. Its primary mission is to advance the educational, research, and service missions of the University of South Alabama by commercializing intellectual property developed by university faculty. This involves furthering scientific discoveries and innovations by facilitating their transformation into marketable products or services, thereby contributing to economic growth and community development.
Is Univ Of South Alabama Foundation For Research And Commercialization legitimate?
Univ Of South Alabama Foundation For Research And Commercialization is a legitimate nonprofit organization registered as a 501(c)(3) entity. Univ Of South Alabama Foundation For Research And Commercialization 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Univ Of South Alabama Foundation For Research And Commercialization?
The Univ of South Alabama Foundation for Research and Commercialization aims to advance the educational, research, and service missions of the University of South Alabama. This is achieved by commercializing intellectual property developed by the university's faculty. The primary goal is to foster innovation and translate research findings into practical applications, thereby benefiting society at large. The foundation also supports HBCU IP sites as they participate in the Frontier SET IP Network, furthering its commitment to fostering research and innovation across various educational institutions.
What is the revenue of Univ Of South Alabama Foundation For Research And Commercialization?
Univ Of South Alabama Foundation For Research And Commercialization's revenue in 2023 was $188,661.
Who are the executives of Univ Of South Alabama Foundation For Research And Commercialization and what are their salaries?
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $518,448
- Other: $59,377
- Compensation: $0
- Related: $397,013
- Other: $65,001
- Compensation: $0
- Related: $304,630
- Other: $51,737
- Compensation: $0
- Related: $260,498
- Other: $46,676
- Compensation: $0
- Related: $208,061
- Other: $38,404
- Compensation: $0
- Related: $165,710
- Other: $7,124
- Compensation: $0
- Related: $70,489
- Other: $3,220
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Univ Of South Alabama Foundation For Research And Commercialization?
Univ Of South Alabama Foundation For Research And Commercialization's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Univ Of South Alabama Foundation For Research And Commercialization
The Univ of South Alabama Foundation for Research and Commercialization, in its mission, aims to advance the educational, research, and service missions of the University of South Alabama. It accomplishes this by commercializing intellectual property that is developed by university faculty. By doing so, the foundation contributes to the broader goals of the university, fostering innovation and promoting the application of research findings in practical settings. The organization supports HBCU IP sites as they participate in the Frontier Set IP Network, furthering its commitment to the commercialization of intellectual property and the promotion of innovation within the academic community.
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Impact
October, 2024
The University of South Alabama Foundation for Research and Commercialization significantly impacts the academic and research landscape by promoting the commercialization of intellectual property developed by university faculty. By facilitating the transfer of innovative ideas and technologies to the marketplace, the foundation supports the university’s educational, research, and service missions.
Additionally, the foundation aids Historically Black Colleges and Universities (HBCUs) in engaging with the Frontier Set IP Network, fostering collaboration and inclusion in the commercialization process. This not only enhances the competitive edge of the university’s research initiatives but also contributes to the socioeconomic development of the region by driving innovation and entrepreneurship. In sum, the foundation plays a crucial role in bridging the gap between research and practical application, ultimately benefiting the community and advancing educational opportunities.
This information is meant to be a general summary of Univ Of South Alabama Foundation For Research And Commercialization. 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.
- Program Service Revenue: $7,860
- Gross Receipts: $188,661
Assets and Liabilities:
- Total Assets: $51,086
- Total Liabilities: $0
- Net Assets: $51,086
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTELLECTUAL PROPERTY LICENSE
Revenue
$7,860
Organization Details
Founding Year
2014
Principal Officer
Peter Susman
NTEE Category
Code: B05 - Education
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