Overview
What is Unm Rainforest Innovations?
Unm Rainforest Innovations is a nonprofit organization situated in Albuquerque, New Mexico, specifically at 101 Broadway Blvd NE 1100. Its primary mission is to support the University of New Mexico (UNM) in managing, prosecuting patents, and licensing innovations developed within the university. During fiscal year 2022, Unm Rainforest Innovations received 45 patents and filed 56 new patent applications, while also entering into 41 license and option-to-license agreements. Acting as the economic development organization for UNM, Unm Rainforest Innovations aims to promote job creation, foster broader opportunities through entrepreneurship, and reduce barriers to entrepreneurship while assisting inventors in commercializing their inventions. The organization received two U.S. Economic Development Administration grants in the same fiscal year to further its objectives.
Official website here: www.innovations.unm.edu
Is Unm Rainforest Innovations legitimate?
Unm Rainforest Innovations is a legitimate nonprofit organization registered as a 501(c)(3) entity. Unm Rainforest Innovations 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: $1,094,551
Professional Fundraising Fees: $0
Other Salaries and Wages: $631,170
For more financial information, click here
Official website here: www.innovations.unm.edu
What is the mission statement of Unm Rainforest Innovations?
Unm Rainforest Innovations' primary mission is to support the University of New Mexico as a hub for innovation management, patent prosecution, and licensing of technologies developed within the university. In this role, the organization aims to facilitate the disclosure of innovations from UNM researchers and faculty inventors, protect the intellectual property through patents and copyrights, and promote the commercialization of these innovations. Unm Rainforest Innovations also seeks to create economic development initiatives that align with the university's goals. During Fiscal Year 2022, the organization received two U.S. Economic Development Administration grants to promote job creation and entrepreneurship, and entered into 41 license and option-to-license agreements.
Official website here: www.innovations.unm.edu
Who is the CEO of Unm Rainforest Innovations?
Elizabeth J Kuuttila is the Director of Unm Rainforest Innovations. The CEO's salary of Unm Rainforest Innovations is $793,550 and their total compensation is $825,110.
Official website here: www.innovations.unm.edu
What is the revenue of Unm Rainforest Innovations?
Unm Rainforest Innovations's revenue in 2022 was $8,571,940.
Official website here: www.innovations.unm.edu
Who are the executives of Unm Rainforest Innovations and what are their salaries?
The average compensation at Unm Rainforest Innovations during 2022 was $50,756. There are 34 employees and 17 volunteers at Unm Rainforest Innovations.
Here are 37 key members and their salaries (Unm Rainforest Innovations's CEO's salary is $793,550 and their total compensation is $825,110):
- Compensation: $0
- Related: $715,392
- Other: $126,895
- Compensation: $0
- Related: $427,665
- Other: $138,909
- Compensation: $0
- Related: $459,017
- Other: $99,688
- Compensation: $0
- Related: $368,503
- Other: $78,957
- Compensation: $0
- Related: $298,237
- Other: $108,997
- Compensation: $0
- Related: $295,102
- Other: $50,170
- Compensation: $0
- Related: $277,485
- Other: $52,798
- Compensation: $0
- Related: $275,005
- Other: $54,504
- Compensation: $0
- Related: $253,594
- Other: $56,396
- Compensation: $0
- Related: $239,970
- Other: $41,935
- Compensation: $0
- Related: $194,125
- Other: $47,183
- Compensation: $0
- Related: $181,369
- Other: $33,311
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $793,550
- Related: $0
- Other: $31,560
- Compensation: $222,886
- Related: $0
- Other: $7,898
- Compensation: $11,378
- Related: $0
- Other: $566
- Compensation: $319,373
- Related: $0
- Other: $12,653
- Compensation: $302,969
- Related: $0
- Other: $22,964
- Compensation: $171,018
- Related: $0
- Other: $15,945
- Compensation: $157,225
- Related: $0
- Other: $11,848
- Compensation: $147,045
- Related: $0
- Other: $11,088
Official website here: www.innovations.unm.edu
Where can I find the form 990 for Unm Rainforest Innovations?
Unm Rainforest Innovations's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.innovations.unm.edu
Learn more at the official website: www.innovations.unm.edu
Mission Statement of Unm Rainforest Innovations
Unm Rainforest Innovations, as a mission-driven organization, is dedicated to supporting the University of New Mexico as a source of innovation management, patent prosecution, and licensing of technologies developed at the university. Their primary goal is to make it straightforward for researchers and faculty inventors at the university to disclose their innovations. The organization protects these technologies, or intellectual property, through patents and copyrights, adhering to the provisions of the Federal Bayh-Dole Act.
In the fiscal year 2022 alone, Unm Rainforest Innovations received 45 issued patents from the U.S. Patent and Trademark Office and filed 56 new patent applications. Furthermore, they entered into 41 license and option-to-license agreements during that same period. Acting as the economic development organization for the University of New Mexico, Unm Rainforest Innovations seeks various initiatives to stimulate economic development that is relevant to the university. In fiscal year 2022, they received two U.S. Economic Development Administration grants to promote job creation, create broader opportunities through entrepreneurship, and reduce barriers to entrepreneurship, thereby assisting inventors in commercializing their innovations.
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Impact
October, 2024
Unm Rainforest Innovations significantly impacts the local and broader economy by facilitating innovation management and technology transfer for the University of New Mexico (UNM). By streamlining the process for researchers and faculty to disclose their inventions, it fosters a culture of creativity and entrepreneurship. In fiscal year 2022 alone, it received 45 issued patents and filed 56 new patent applications, highlighting its role in protecting and commercializing intellectual property developed at UNM.
The organization also enabled the creation of 41 license and option-to-license agreements within the same fiscal year, driving potential revenue streams and partnerships that benefit both the university and local businesses. Moreover, its initiatives, supported by U.S. Economic Development Administration grants, focus on job creation and removing barriers to entrepreneurship, ultimately empowering inventors to bring their innovations to market.
Through these efforts, Unm Rainforest Innovations not only enhances educational excellence and research output at UNM but also catalyzes economic development in Albuquerque and beyond, creating a vibrant ecosystem that supports both academic advancement and community growth.
This information is meant to be a general summary of Unm Rainforest Innovations. 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: $588,803
- Program Service Revenue: $7,641,970
- Gross Receipts: $11,182,646
Assets and Liabilities:
- Total Assets: $18,724,624
- Total Liabilities: $6,812,557
- Net Assets: $11,912,067
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REVENUE FROM TECHNOLOGY TRANSFER
Revenue
$7,600,060
RENTAL INCOME
Revenue
$41,910
Organization Details
Founding Year
1993
Phone
(505) 272-7900Principal Officer
Elizabeth J Kuuttila
Main Address
101 BROADWAY BLVD NE 1100, ALBUQUERQUE, NM, 87102
Website
www.innovations.unm.eduNTEE Category
Code: B110 - Education
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