Overview
What is University Of Florida Research Foundation Inc?
University of Florida Research Foundation Inc is a nonprofit organization based in Gainesville, Florida, specifically at PO Box 115500. Their primary mission is to support the University of Florida in securing research funding through grants and contractual agreements. They also play a crucial role in commercializing intellectual properties, which encompass inventions, discoveries, processes, and work products, for the university. This organization helps bridge the gap between research and practical application, ultimately contributing to the advancement of knowledge and innovation.
Official website here: www.research.ufl
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The University of Florida Research Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. With an overall score of 88%, the organization's financial management and transparency are commendable. The high program expense ratio of 96.25% suggests that the majority of its funds are directed towards its mission rather than administrative costs.
One significant strength of the organization is its robust governance structure, evidenced by the independent board size receiving full marks. Additionally, the foundation has policies in place for financial oversight, conflict of interest, and document retention, which further enhance its accountability. However, the organization lacks an independent majority on its board, which is a noted limitation in its governance practices.
While the foundation's commitment to maintaining strong financial practices is clear, the absence of a whistleblower policy raises potential concerns regarding transparency and ethical oversight. Overall, the University of Florida Research Foundation Inc demonstrates a solid financial standing and dedication to its programs, although improvements in certain governance areas could strengthen its credibility further.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Florida Research Foundation Inc legitimate?
University Of Florida Research Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Florida Research Foundation 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: $770,752
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,626,405
For more financial information, click here
Official website here: www.research.ufl
What is the mission statement of University Of Florida Research Foundation Inc?
The University of Florida Research Foundation Inc supports the University of Florida in funding research and development by securing grants and contractual agreements. They play a crucial role in the commercialization of intellectual properties, which encompass inventions, discoveries, processes, and work products. The organization's primary objective is to facilitate the financial aspects of research activities at the University of Florida. Their efforts contribute to the advancement of knowledge and innovation through various research projects. Additionally, they help protect and monetize the intellectual assets created at the university, ensuring that the benefits can be realized and further contribute to academic and scientific progress.
Official website here: www.research.ufl
What is the revenue of University Of Florida Research Foundation Inc?
University Of Florida Research Foundation Inc's revenue in 2024 was $45,326,504.
Official website here: www.research.ufl
Who are the executives of University Of Florida Research Foundation Inc and what are their salaries?
The average compensation at University Of Florida Research Foundation Inc during 2024 was $66,624. There are 66 employees at University Of Florida Research Foundation Inc.
Here are 25 key members and their salaries:
- Compensation: $108,167
- Related: $324,502
- Other: $52,054
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $419,688
- Other: $58,719
- Compensation: $0
- Related: $365,655
- Other: $115,126
- Compensation: $0
- Related: $394,602
- Other: $61,809
- Compensation: $0
- Related: $551,328
- Other: $53,045
- Compensation: $0
- Related: $1,233,849
- Other: $57,666
- Compensation: $0
- Related: $1,166,881
- Other: $136,450
- Compensation: $0
- Related: $535,241
- Other: $56,798
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $166,175
- Other: $14,756
- Compensation: $0
- Related: $877,907
- Other: $181,084
- Compensation: $0
- Related: $300,664
- Other: $52,154
- Compensation: $0
- Related: $487,218
- Other: $59,703
- Compensation: $79,621
- Related: $79,621
- Other: $30,014
- Compensation: $0
- Related: $207,638
- Other: $52,122
- Compensation: $0
- Related: $292,225
- Other: $37,047
- Compensation: $363,581
- Related: $0
- Other: $63,489
- Compensation: $0
- Related: $446,316
- Other: $122,022
- Compensation: $126,996
- Related: $0
- Other: $44,703
- Compensation: $142,475
- Related: $0
- Other: $36,139
- Compensation: $131,687
- Related: $0
- Other: $39,596
- Compensation: $160,835
- Related: $0
- Other: $37,756
- Compensation: $183,987
- Related: $0
- Other: $48,160
- Compensation: $0
- Related: $163,663
- Other: $31,460
Official website here: www.research.ufl
Where can I find the form 990 for University Of Florida Research Foundation Inc?
University Of Florida Research Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.research.ufl
Learn more at the official website: www.research.ufl
Mission Statement of University Of Florida Research Foundation Inc
University of Florida Research Foundation Inc plays a crucial role in supporting the University of Florida by facilitating the funding of research and development initiatives. They accomplish this through grants and contractual agreements. Additionally, they are involved in the commercialization of intellectual properties, which encompass inventions, discoveries, processes, and work products. By doing so, they contribute significantly to the advancement of scientific knowledge and innovation at the University of Florida.
The University of Florida Research Foundation Inc's mission is multifaceted. On one hand, they focus on securing financial resources for research and development projects at the University of Florida. This is accomplished through obtaining licenses and grants that provide the necessary funding for these initiatives. On the other hand, they are dedicated to the commercialization of intellectual properties, which involves the transformation of university-originated inventions, discoveries, and innovations into marketable products or services. In this way, they help bridge the gap between laboratory research and real-world applications, ultimately contributing to economic growth and the betterment of society.
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Impact
October, 2024
The University of Florida Research Foundation Inc plays a crucial role in advancing research and innovation at the University of Florida. By providing vital support for funding research and development initiatives, the foundation enables the university to secure grants and contractual arrangements that fuel groundbreaking discoveries and innovations.
Through its efforts, the foundation assists in the commercialization of intellectual properties, including inventions and processes that stem from the university's research activities. This not only fosters an environment of creativity and scientific advancement but also contributes to the broader economic landscape by facilitating the transition of novel ideas from the lab to practical applications in various industries.
Overall, the impact of the University of Florida Research Foundation Inc is felt in the enhanced research capabilities of the university, the successful commercialization of innovative products and processes, and the generation of economic opportunities within the state and beyond.
This information is meant to be a general summary of University Of Florida Research Foundation 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 2024.
- Investment Income: $44,489
- Program Service Revenue: $9,226,249
- Gross Receipts: $45,547,007
Assets and Liabilities:
- Total Assets: $137,434,507
- Total Liabilities: $25,385,356
- Net Assets: $112,049,151
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATENT & LICENSE REIMBURSEMENT
Revenue
$3,793,552
LICENSING FEES
Revenue
$3,074,187
ASSESSMENT FEES
Revenue
$2,300,000
MANAGEMENT SERVICES
Revenue
$58,510
Organization Details
Founding Year
1986
Principal Officer
Dr David P Norton
Website
www.research.uflNTEE Category
Code: B110 - Education
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