Overview
What is University Of Central Florida Research Foundation Inc?
The University of Central Florida Research Foundation Inc, located at 12201 Research Parkway 501, Orlando, FL 32826, is a nonprofit organization dedicated to fostering research activities within the University of Central Florida community. Their mission involves supporting faculty, staff, and students in their research pursuits, while providing top-notch administrative, fiscal, and support services in an efficient and user-friendly manner. The Foundation seeks to expand sponsored program activity, protect university-developed intellectual property, and optimally utilize research results.
Official website here: www.research.ucf.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating
The University of Central Florida Research Foundation Inc has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 86%. This rating is based entirely on the charity's Accountability & Finance metrics, indicating a strong focus on responsible financial practices and transparency. The high score in program expense ratio, at 97.39%, suggests that the organization prioritizes its mission-driven activities and efficiently allocates its resources towards those efforts.
Strengths noted in the evaluation include robust financial statements, a comprehensive audit and oversight committee, and a sound conflict of interest policy. The organization also maintains transparency with its financial documents available on its website and has a well-documented process for board meeting minutes. These practices contribute positively to the charity's accountability and governance framework.
However, the foundation shows room for improvement in terms of board independence, as it scored zero out of eight points for having independent board members. While the size of the independent board is adequate, increasing the number of independent members could enhance governance and mitigate potential conflicts of interest. Overall, the foundation demonstrates strong financial health, but addressing board independence could further strengthen its credibility.
This AI summary has been generated from information found on Charity Navigator.
Is University Of Central Florida Research Foundation Inc legitimate?
University Of Central Florida Research Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Central 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.research.ucf.edu
What is the mission statement of University Of Central Florida Research Foundation Inc?
The University of Central Florida Research Foundation Inc is dedicated to supporting the research and sponsored program activities of faculty, staff, and students. They provide high-quality administrative, fiscal, and support services in an user-friendly and efficient manner. Additionally, they create and develop opportunities to increase sponsored program activity, protect university-developed intellectual property, and maximize the utilization of research results.
Official website here: www.research.ucf.edu
Who is the CEO of University Of Central Florida Research Foundation Inc?
Elizabeth Klonoff is the Principal Officer of University Of Central Florida Research Foundation Inc. The CEO's salary of University Of Central Florida Research Foundation Inc is $0 and their total compensation is $340,165.
Official website here: www.research.ucf.edu
What is the revenue of University Of Central Florida Research Foundation Inc?
University Of Central Florida Research Foundation Inc's revenue in 2022 was $19,774,896.
Official website here: www.research.ucf.edu
Who are the executives of University Of Central Florida Research Foundation Inc and what are their salaries?
There 8 volunteers at University Of Central Florida Research Foundation Inc.
Here are 12 key members and their salaries (University Of Central Florida Research Foundation Inc's CEO's salary is $0 and their total compensation is $340,165):
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Related: $293,492
- Other: $46,673
- Compensation: $0
- Related: $864,422
- Other: $55,810
- Compensation: $0
- Related: $416,475
- Other: $62,055
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- Other: $0
- Compensation: $0
- Related: $115,241
- Other: $35,747
- Compensation: $0
- Related: $100,200
- Other: $40,513
Official website here: www.research.ucf.edu
Where can I find the form 990 for University Of Central Florida Research Foundation Inc?
University Of Central Florida Research Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.research.ucf.edu
Learn more at the official website: www.research.ucf.edu
Mission Statement of University Of Central Florida Research Foundation Inc
University of Central Florida Research Foundation Inc is a nonprofit organization dedicated to supporting the research and sponsored program activities of faculty, staff, and students at the University of Central Florida. This esteemed institution prides itself on providing top-notch administrative, fiscal, and support services in a user-friendly and efficient manner. In addition, the University of Central Florida Research Foundation Inc works diligently to create and develop opportunities that boost sponsored program activity, safeguard university-developed intellectual property, and optimize the utilization of research outcomes.
The University of Central Florida Research Foundation Inc's mission is twofold. First and foremost, it focuses on empowering the faculty, staff, and students of the University of Central Florida to excel in their research pursuits. This is achieved by offering high-quality support services that enable researchers to focus on their projects, free from administrative burdens. Furthermore, the foundation fosters an environment conducive to innovation, encouraging collaboration and the sharing of knowledge between researchers.
Second, the University of Central Florida Research Foundation Inc is committed to protecting intellectual property generated within the university and ensuring that it reaches its full potential. It does this by providing robust support structures to help researchers navigate the complex world of intellectual property protection and commercialization. By creating opportunities for collaboration with industry partners and investors, the foundation maximizes the impact of university research and drives economic growth.
Moreover, the University of Central Florida Research Foundation Inc plays a vital role in facilitating the translation of research findings into real-world applications. By connecting researchers with potential users, industry partners, and investors, it bridges the gap between the lab and the marketplace. This approach not only benefits the university and its researchers but also contributes to the betterment of society as a whole. Ultimately, the University of Central Florida Research Foundation Inc is an essential partner in driving the university's research enterprise forward, creating value for all stakeholders.
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Impact
October, 2024
The University of Central Florida Research Foundation Inc significantly enhances the research landscape by supporting the scholarly pursuits of faculty, staff, and students. It optimizes research opportunities through high-quality administrative and fiscal services, ensuring that academic and innovative projects are managed efficiently.
By focusing on increasing sponsored program activity, the foundation creates a conducive environment for groundbreaking research. It also plays a crucial role in safeguarding university-developed intellectual property, ensuring that inventions and copyrightable materials can be effectively developed, patented, and applied.
With its commitment to providing the necessary infrastructure for research, including the development of dedicated facilities, the foundation maximizes the impact of research results, helping to translate discoveries into real-world applications. Located in Orlando, Florida, this organization is pivotal in fostering a vibrant research ecosystem that not only advances academic knowledge but also contributes to community growth and technological advancements.
This information is meant to be a general summary of University Of Central 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 2022.
- Investment Income: $1,269,771
- Program Service Revenue: $13,455,238
- Gross Receipts: $20,172,523
Assets and Liabilities:
- Total Assets: $30,503,438
- Total Liabilities: $17,564,101
- Net Assets: $12,939,337
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT SERVICE REVEN
Revenue
$12,660,331
RESEARCH INITIATIVE RE
Revenue
$415,235
CONFERENCE REVENUE
Revenue
$379,672
Organization Details
Founding Year
1991
Phone
(407) 882-1113Principal Officer
Elizabeth Klonoff
Main Address
12201 RESEARCH PARKWAY 501, ORLANDO, FL, 32826
Website
www.research.ucf.eduNTEE Category
Code: T22Z - Philanthropy
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