Overview
What is University Industry Demonstration Partnership Inc?
University Industry Demonstration Partnership Inc, located at 1705 Richland St STE G, Columbia, SC 29201, is a nonprofit organization that focuses on fostering collaborative projects between university and industry leaders. Their mission is to identify and implement best practices, thereby enhancing mutual benefits in the two sectors. By providing a project-oriented platform, the UIDP encourages academia and industry representatives to explore innovative approaches for working together. With a total of 36 employees, the UIDP supports university-industry collaborations by developing and disseminating strategies to address common challenges, ultimately improving partnerships in this field.
Official website here: www.uidp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The University Industry Demonstration Partnership Inc has received an overall rating of 81%, reflecting a strong performance in accountability and finance. The organization boasts an independent board, with all members meeting this criterion, and has demonstrated effective oversight through its audit and oversight committee. Additionally, it has protocols in place for conflict of interest and document retention, contributing positively to its accountability score.
While the organization displays impressive program expenses, indicating a focus on its mission, some areas show room for improvement. The fundraising efficiency ratio is notably low at $0.002, which suggests that the organization may struggle to raise funds effectively relative to its expenses. Furthermore, the working capital ratio of 0.32 years raises concerns about financial sustainability and liquidity.
Overall, the University Industry Demonstration Partnership Inc demonstrates solid governance and accountability practices, but the limitations in fundraising efficiency and working capital present significant challenges that could impact its long-term viability. Addressing these issues could enhance its overall performance and service delivery.
This AI summary has been generated from information found on Charity Navigator.
Is University Industry Demonstration Partnership Inc legitimate?
University Industry Demonstration Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Industry Demonstration Partnership Inc 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: $246,285
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,087,504
For more financial information, click here
Official website here: www.uidp.org
What is the mission statement of University Industry Demonstration Partnership Inc?
The University Industry Demonstration Partnership Inc's mission is centered around fostering mutually beneficial collaborations between universities and industries. They achieve this by devising and disseminating strategies to address common challenges faced by both sectors. The UIDP serves as a project-oriented platform, where representatives from academia and industry connect to explore innovative approaches for working together. The organization focuses on the development and implementation of collaborative projects, bringing together university and industry leaders to identify best practices.
Official website here: www.uidp.org
Who is the CEO of University Industry Demonstration Partnership Inc?
Anthony Boccanfuso is the President of University Industry Demonstration Partnership Inc.
Official website here: www.uidp.org
What is the revenue of University Industry Demonstration Partnership Inc?
University Industry Demonstration Partnership Inc's revenue in 2022 was $3,179,324.
Official website here: www.uidp.org
Who are the executives of University Industry Demonstration Partnership Inc and what are their salaries?
The average compensation at University Industry Demonstration Partnership Inc during 2022 was $37,050. There are 36 employees at University Industry Demonstration Partnership Inc.
Here are 9 key members and their salaries:
- Compensation: $246,285
- Related: $0
- Other: $19,740
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.uidp.org
Where can I find the form 990 for University Industry Demonstration Partnership Inc?
University Industry Demonstration Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.uidp.org
Learn more at the official website: www.uidp.org
Mission Statement of University Industry Demonstration Partnership Inc
University Industry Demonstration Partnership Inc, often abbreviated as UIDP, is dedicated to fostering mutually beneficial collaborations between universities and industries. Their mission is centered around identifying and addressing common challenges that these two sectors often face. By serving as a project-oriented forum, UIDP provides a platform for representatives from academia and industry to collaborate, share ideas, and develop innovative approaches to working together. Their primary focus is on improving university-industry (U-I) partnerships, aiming to bridge the gap between theoretical research and practical application in the industry. Through the development and implementation of collaborative projects, UIDP brings together university and industry leaders to identify best practices, ultimately contributing to the betterment of both sectors.
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Impact
July, 2024
University Industry Demonstration Partnership Inc's impact lies in fostering mutually beneficial collaborations between universities and industries. By developing and disseminating strategies to address common issues faced by both sectors, UIDP plays a vital role in the advancement of science research. Through collaborative projects that bring together leaders from academia and industry, UIDP identifies and implements best practices, ultimately strengthening university-industry partnerships. By serving as a project-oriented forum, UIDP offers a unique platform for representatives from both sectors to explore innovative approaches to working together, with the overarching goal of improving the effectiveness of university-industry collaborations.
This information is meant to be a general summary of University Industry Demonstration Partnership Inc. 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: $1,142
- Program Service Revenue: $281,425
- Gross Receipts: $3,179,324
Assets and Liabilities:
- Total Assets: $1,800,466
- Total Liabilities: $1,031,138
- Net Assets: $769,328
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENTS FEES & SPONSORS
Revenue
$281,425
Organization Details
Founding Year
2015
Phone
(803) 807-3679Principal Officer
Anthony Boccanfuso
Main Address
1705 RICHLAND ST STE G, COLUMBIA, SC, 29201
Website
www.uidp.orgNTEE Category
Code: U01 - Science research
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