Overview
What is University Of Arkansas Technology Development Foundation?
The University of Arkansas Technology Development Foundation serves as a supporting organization to the University of Arkansas, Fayetteville, with a primary mission to manage, administer, and maintain the Arkansas Research Technology Park. This park is a university-owned science and technology development center, fostering entrepreneurial opportunities for faculty members and others. The foundation leases approximately 131,277 square feet of space to technology development start-up companies and others, and mentors around 35 small technology companies and other tenants through their Genesis Technology Incubator. The foundation's ultimate goal is to help transfer technology or intellectual property for societal use, thereby improving the economic base of the state of Arkansas. With a team of three dedicated individuals, the University of Arkansas Technology Development Foundation plays a crucial role in nurturing innovation and growth in the technological sector.
Official website here: www.artp.uark
Is University Of Arkansas Technology Development Foundation legitimate?
University Of Arkansas Technology Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Arkansas Technology Development Foundation 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: $392,365
For more financial information, click here
Official website here: www.artp.uark
What is the mission statement of University Of Arkansas Technology Development Foundation?
The University of Arkansas Technology Development Foundation serves as a supporting organization to the University of Arkansas, Fayetteville. Its primary responsibility is to manage, administer, and maintain the Arkansas Research Technology Park, a university-owned science and technology development. The foundation assists entrepreneurial university faculty members and others in transferring technology or intellectual property for societal use, including the establishment of new startup companies. This initiative aims to enhance the economic base of the state of Arkansas.
Official website here: www.artp.uark
What is the revenue of University Of Arkansas Technology Development Foundation?
University Of Arkansas Technology Development Foundation's revenue in 2024 was $2,739,399.
Official website here: www.artp.uark
Who are the executives of University Of Arkansas Technology Development Foundation and what are their salaries?
The average compensation at University Of Arkansas Technology Development Foundation during 2024 was $130,788. There are 3 employees at University Of Arkansas Technology Development Foundation.
Here are 11 key members and their salaries:
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Official website here: www.artp.uark
Where can I find the form 990 for University Of Arkansas Technology Development Foundation?
University Of Arkansas Technology Development Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.artp.uark
Learn more at the official website: www.artp.uark
Mission Statement of University Of Arkansas Technology Development Foundation
The University of Arkansas Technology Development Foundation serves as a supporting organization to the University of Arkansas, Fayetteville. Its primary responsibility is to manage, administer, and maintain the Arkansas Research Technology Park, a university-owned science and technology development. This foundation's mission is to assist entrepreneurial university faculty members and others in transferring technology or intellectual property for societal use, including the establishment of new startup companies. By doing so, the University of Arkansas Technology Development Foundation aims to improve the economic base of the state of Arkansas.
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Impact
October, 2024
The University of Arkansas Technology Development Foundation plays a pivotal role in fostering innovation and economic growth in the region. By managing the Arkansas Research Technology Park, it provides a dynamic space of approximately 131,277 square feet for technology development startups and companies. This initiative not only facilitates the transfer of technology and intellectual property from research to practical applications but also empowers entrepreneurial university faculty and local innovators.
Through its support, the foundation has mentored around 35 small technology companies within the Genesis Technology Incubator. This mentorship cultivates new ideas and helps nascent businesses navigate the challenges of the startup environment, enhancing their chances of success. By doing so, the Foundation significantly contributes to improving the economic landscape of Arkansas, creating jobs, and stimulating local investment in high-tech sectors.
The impact of the University of Arkansas Technology Development Foundation extends beyond individual startups; it strengthens the state's economic base and positions Arkansas as a competitive player in the high-technology arena. This integration of research, mentorship, and practical application exemplifies a model for successful technology transfer, educational collaboration, and regional development.
This information is meant to be a general summary of University Of Arkansas Technology Development Foundation. 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: $99,578
- Program Service Revenue: $2,632,332
- Gross Receipts: $2,739,399
Assets and Liabilities:
- Total Assets: $18,270,139
- Total Liabilities: $11,392,585
- Net Assets: $6,877,554
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,632,332
Organization Details
Founding Year
2003
Principal Officer
Mike Malone
Website
www.artp.uarkNTEE Category
Code: T99 - Philanthropy
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