Overview
What is Usf Research Foundation Inc?
Usf Research Foundation Inc is a nonprofit organization situated in Tampa, Florida, with a specific mission to bolster the local economy by fostering high-technology businesses and research collaborations. Based at 3802 Spectrum Boulevard 100, they actively contribute to the Tampa Bay Area by developing the USF Research Park of Tampa Bay into a thriving hub for biotechnology and life sciences research and entrepreneurship. This organization is dedicated to encouraging and enhancing research activities at the University of South Florida. By fostering a vibrant research community, they aim to generate high-paying jobs and stimulate economic growth within the region.
Official website here: www.usf.edu/research-innovation/rf/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Usf Research Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial management. The entire score is derived from the Accountability & Finance beacon, which reflects the organization's strong commitment to transparency and efficiency in its operations. For the most recent fiscal year, the foundation has demonstrated prudent financial practices, ensuring that a significant proportion of its resources is directed toward its programs.
The organization benefits from a robust governance structure, evidenced by a board that consists of 64% independent members. This independence fosters unbiased oversight and strategic decision-making. Additionally, the foundation has scored exceptionally well in areas such as financial statement audits, conflict of interest policies, and material diversion of assets, showcasing its dedication to ethical practices and organizational integrity.
Despite the positive aspects, there is a moderate concern with the liabilities to assets ratio at 56.21%. While this is not alarming, it suggests that the foundation should continue to manage its financial health carefully to maintain its strong standing. Overall, Usf Research Foundation Inc reflects a strong commitment to its mission and responsible management of its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Usf Research Foundation Inc legitimate?
Usf Research Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Usf 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: $143,997
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.usf.edu/research-innovation/rf/
What is the mission statement of Usf Research Foundation Inc?
The Usf Research Foundation Inc is dedicated to fostering and enhancing research activities at the University of South Florida. This non-profit organization plays a significant role in promoting academic discoveries and technological advancements. By providing resources and support for researchers, the foundation encourages innovation and collaboration. The ultimate goal is to boost the economy and create high-paying jobs by expanding the university's research capabilities in various fields, particularly in biotechnology and life sciences. The foundation's efforts contribute to the growth of the research community and the advancement of knowledge.
Official website here: www.usf.edu/research-innovation/rf/
Who is the CEO of Usf Research Foundation Inc?
Dr Sylvia Thomas is the President & Dir Until Nov 2021 of Usf Research Foundation Inc.
Official website here: www.usf.edu/research-innovation/rf/
What is the revenue of Usf Research Foundation Inc?
Usf Research Foundation Inc's revenue in 2022 was $18,012,252.
Official website here: www.usf.edu/research-innovation/rf/
Who are the executives of Usf Research Foundation Inc and what are their salaries?
There 8 volunteers at Usf Research Foundation Inc.
Here are 22 key members and their salaries:
- Compensation: $0
- Related: $195,166
- Other: $32,053
- Compensation: $0
- Related: $140,573
- Other: $30,181
- Compensation: $0
- Related: $302,742
- Other: $39,145
- Compensation: $0
- Related: $168,338
- Other: $22,013
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $132,192
- Other: $32,023
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $320,512
- Other: $23,057
- Compensation: $0
- Related: $461,027
- Other: $30,806
- Compensation: $0
- Related: $473,539
- Other: $38,826
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $205,715
- Other: $34,524
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $535,870
- Other: $24,969
- Compensation: $0
- Related: $166,745
- Other: $21,596
- Compensation: $0
- Related: $314,150
- Other: $40,226
Official website here: www.usf.edu/research-innovation/rf/
Where can I find the form 990 for Usf Research Foundation Inc?
Usf Research Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.usf.edu/research-innovation/rf/
Learn more at the official website: www.usf.edu/research-innovation/rf/
Mission Statement of Usf Research Foundation Inc
Usf Research Foundation Inc, a prominent organization based at the University of South Florida, is dedicated to fostering and enhancing research activities. Its primary mission is to promote and encourage academic exploration and discovery within the institution. The Foundation plays a pivotal role in developing high-tech businesses and research partnerships, contributing significantly to the economy and creating high-paying jobs in the region. By nurturing a vibrant research environment, Usf Research Foundation Inc aims to position itself as a hub for biotechnology and life sciences research and entrepreneurship.
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Impact
October, 2024
Usf Research Foundation Inc significantly impacts the Tampa Bay area by fostering research and innovation through the University of South Florida. By focusing on high-technology businesses and research partnerships, it plays a crucial role in strengthening the local economy. The foundation is instrumental in developing the USF Research Park of Tampa Bay, transforming it into a major hub for biotechnology and life sciences research and entrepreneurship. This initiative not only promotes advanced research activities but also creates high-paying job opportunities, thereby enhancing the region's economic landscape and encouraging educational advancement in these critical sectors.
This information is meant to be a general summary of Usf 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 2022.
- Investment Income: $3,996,348
- Program Service Revenue: $14,022,116
- Gross Receipts: $18,077,627
Assets and Liabilities:
- Total Assets: $184,984,000
- Total Liabilities: $107,132,425
- Net Assets: $77,851,575
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY RENTAL REVENUE
Revenue
$9,634,373
ROYALTIES/LICENSES/OPTION FEES
Revenue
$3,868,344
CONTRACTS & GRANTS
Revenue
$342,683
ADMINISTRATIVE FEES
Revenue
$176,716
Organization Details
Founding Year
1989
Phone
(813) 974-6171Principal Officer
Dr Sylvia Thomas
Main Address
3802 SPECTRUM BOULEVARD 100, TAMPA, FL, 33612
NTEE Category
Code: B110 - Education
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