Overview
What is Energy And Environmental Research Center Foundation?
The Energy and Environmental Research Center Foundation is a nonprofit organization situated in Grand Forks, North Dakota. Its primary role is to facilitate the commercialization of technologies developed by the Energy and Environmental Research Center (EERC) at the University of North Dakota. With over two decades of experience, the foundation offers customized licensing and equity agreements to help clients gain a competitive edge. The goal is to create spin-off businesses, high-tech jobs, and generate economic growth. The EERC Foundation also invests in the EERC, creating a self-sustaining cycle. Moreover, it incentivizes innovative work at the EERC by sharing at least 30% of the net commercialization income with the inventors. Essentially, the foundation promotes the EERC's market-driven business model, ensuring a smooth transition from technology creation to commercialization, ultimately leading to economic development.
Official website here: www.eercfoundation.org
Is Energy And Environmental Research Center Foundation legitimate?
Energy And Environmental Research Center Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Energy And Environmental Research Center 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.
Here 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.eercfoundation.org
What is the mission statement of Energy And Environmental Research Center Foundation?
The Energy and Environmental Research Center Foundation's mission is to stimulate, inspire, and encourage educational and research initiatives, scientific investigations, technological advancements, commercialization, and related services at the Energy & Environmental Research Center. Their goal is to bridge the gap between the creation of innovative technologies and their successful commercialization, thereby fostering economic growth and job creation. The Foundation provides a supportive infrastructure for commercialization activities, securing development contracts and funding for commercially viable technologies. Inventors involved in commercialized technologies receive a significant share of the net income, incentivizing innovative work at the center. The Foundation serves as a catalyst for the EERC's market-driven business model, ensuring a smooth transition from technology development to commercialization. As of June 30, 2022, the Foundation holds 13 active, issued US patents and 15 patents pending.
Official website here: www.eercfoundation.org
Who is the CEO of Energy And Environmental Research Center Foundation?
Charles Gorecki is the President of Energy And Environmental Research Center Foundation. The CEO's salary of Energy And Environmental Research Center Foundation is $0 and their total compensation is $394,553.
Official website here: www.eercfoundation.org
What is the revenue of Energy And Environmental Research Center Foundation?
Energy And Environmental Research Center Foundation's revenue in 2022 was $5,603,143.
Official website here: www.eercfoundation.org
Who are the executives of Energy And Environmental Research Center Foundation and what are their salaries?
- Charles Gorecki (President And Ceo) [Trustee/Director]
- John Harju (Vp For Strategy)
- Jed Shivers (Vp Of Finance & Operations) [Trustee/Director]
- Tom Erickson (Executive Vp)
- Ed Steadman (Vp For Research)
- Erin O'Leary (Treasurer & Vp For Finance)
- John Hamling (Assistant Vp For Ccus Research)
- Josh Stanislowski (Assistant Vp For Energy Systems)
- Tami Votava (Assistant Vp Of Finance)
- Sheryl Landis (Assistant Vp For Contracts)
- Jim Duzan (Assistant Vp For Intellectual Property)
- Diane Skean (Assistant Treasurer)
- Jen Knudson (Secretary)
- Ron Ness (President) [Trustee/Director]
- David Straley (Chair) [Trustee/Director]
- Josh Klug (Vice Chair) [Trustee/Director]
- Shannon Angielski (Member) [Trustee/Director]
- Jeff Hume (Member) [Trustee/Director]
- Robert Mclennan (Member) [Trustee/Director]
- Chuck Mcconnell (Member) [Trustee/Director]
- Deanna Carlson Zink (Member) [Trustee/Director]
- Mike Nasi (Member) [Trustee/Director]
- Kathleen Neset (Member) [Trustee/Director]
Official website here: www.eercfoundation.org
Where can I find the form 990 for Energy And Environmental Research Center Foundation?
The Energy And Environmental Research Center Foundation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.eercfoundation.org
Learn more at the official website: www.eercfoundation.org
Mission Statement of Energy And Environmental Research Center Foundation
The Energy and Environmental Research Center Foundation's mission is centered around promoting, encouraging, and fostering the educational and training services, scientific investigations, technology development, technology commercialization, and other related services of the Energy & Environmental Research Center located in Grand Forks, North Dakota. The foundation's primary objective is to bridge the gap between the research and development phase of technologies created by the Energy & Environmental Research Center and their successful commercialization in the marketplace. By doing so, the EERC Foundation aims to stimulate economic growth and create high-tech and manufacturing jobs that offer competitive salaries.
The EERC Foundation plays a crucial role in providing the necessary infrastructure to support commercialization activities and holds the rights to technologies developed by the Energy & Environmental Research Center. With over two decades of experience in meeting a diverse range of client needs, the foundation has honed innovative approaches to various business arrangements, including tailored licensing and equity agreements that help clients gain a competitive edge. The foundation's commitment to commercialization not only secures work at the Energy & Environmental Research Center through development contracts but also provides funding to assist in the development of commercially viable technology. Moreover, the EERC Foundation invests cash in the Energy & Environmental Research Center, creating a virtuous cycle of economic growth.
In addition, the EERC Foundation offers incentives for innovative work at the Energy & Environmental Research Center. Under the State Board of Higher Education policy, inventors in a commercially successful technology are entitled to at least 30% of the net commercialization income. This support for the Energy & Environmental Research Center's market-driven business model enables a timely and seamless transition between the creation of the technology and its commercialization, ultimately leading to economic development. As of fiscal year end June 30, 2022, the EERC Foundation holds 13 active, issued US patents and 15 patents pending, demonstrating its significant role in commercializing Energy & Environmental Research Center technologies.
Impact
This information is meant to be a general summary of Energy And Environmental Research Center Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Energy And Environmental Research Center Foundation plays a critical role in advancing University of North Dakota EERC technology to the marketplace. By providing a dedicated infrastructure to support commercialization activities and holding rights to EERC-developed technologies, the foundation facilitates the transition of innovative technologies into the commercial sphere. Through tailored licensing and equity agreements, the foundation helps clients gain a competitive edge, leading to the creation of spin-off businesses, high-tech jobs, and economic growth. Additionally, the foundation's investments in the EERC contribute to the development of commercially viable technologies, ensuring a steady flow of work and funding. By supporting a market-driven business model that incentivizes innovation and seamless technology commercialization, the EERC Foundation acts as a catalyst for economic development and technological advancement.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Research Revenue
Revenue
$5,527,288
Organization Details
Founding Year
1992
Phone
(701) 777-5000
Principal Officer
Charles Gorecki
Main Address
15 N 23rd St Stop 9017, Grand Forks, ND, 582029017
Website
www.eercfoundation.org
NTEE Category
Code: T99J - Philanthropy
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