nonprofit logo

University Enterprise Laboratories Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 412093194 ✦ St paul, MN ✦ Designated as a 501(c)(3)

Overview

What is University Enterprise Laboratories Inc?

University Enterprise Laboratories Inc, located in St. Paul, Minnesota, serves as a supportive hub for emerging life science companies. It offers access to advanced laboratory facilities, shared equipment, business and entrepreneurship training, a network of startups, and collaboration opportunities with university-based researchers. The organization's mission is to foster the growth and commercial success of early-stage life science ventures in Minnesota's entrepreneurship ecosystem. Additionally, it supports student work experiences through internship opportunities and facilitates technology transfer with the University of Minnesota. Overall, University Enterprise Laboratories Inc aims to promote scientific investigation, research, technological advancement, educational opportunities, and entrepreneurship, collaborating with educational and research institutions, industry, business, and government.


Official website here: www.uelmn.org

Is University Enterprise Laboratories Inc legitimate?

University Enterprise Laboratories Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Enterprise Laboratories 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.

Here are some key statistics you may want to consider:

Executive Compensation: $155,332
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.uelmn.org

What is the mission statement of University Enterprise Laboratories Inc?

University Enterprise Laboratories Inc is established for charitable, educational, and scientific purposes, serving as a laboratory-based incubator for emerging life science companies. It offers access to world-class laboratory facilities, shared equipment, business and entrepreneurship training, a community of startups, and collaboration with university-based researchers. The organization supports student work experience through internship opportunities and technology transfer with the University of Minnesota. Its mission is to help early-stage ventures in life sciences grow and achieve commercial success through connections, services, and world-class laboratory facilities within Minnesota's entrepreneurship ecosystem.


Official website here: www.uelmn.org

Who is the CEO of University Enterprise Laboratories Inc?

Andrew Lafrence is the Chair of University Enterprise Laboratories Inc.


Official website here: www.uelmn.org

What is the revenue of University Enterprise Laboratories Inc?

University Enterprise Laboratories Inc's revenue in 2022 was $3,975,153.


Official website here: www.uelmn.org

Who are the executives of University Enterprise Laboratories Inc and what are their salaries?

The average compensation at University Enterprise Laboratories Inc during 2022 was $77,666. There are 2 employees and 14 volunteers at University Enterprise Laboratories Inc.

Here are 16 key members and their salaries:

    Diane Rucker (Executive Director)
  • Compensation: $125,425
  • Related: $0
  • Other: $17,375

    • Mike Berthelsen (Executive Director)
  • Compensation: $12,532
  • Related: $0
  • Other: $0

    • Andy Lafrence (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Mertens (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barbara Nelson (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jessica Mogilka (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Denise Holloman (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Aron Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Elde (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Gietl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kristin Guild (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Herron-Olson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pat Mascia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Mason (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jay Novak (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathy Tune (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.uelmn.org

    Where can I find the form 990 for University Enterprise Laboratories Inc?

    The University Enterprise Laboratories Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.uelmn.org

    Learn more at the official website: www.uelmn.org

    Mission Statement of University Enterprise Laboratories Inc

    University Enterprise Laboratories Inc, a charitable organization, is dedicated to supporting the growth and commercial success of early-stage ventures in the life sciences field. Its mission is to facilitate connections, provide necessary services, and offer access to world-class laboratory facilities. This nonprofit aims to foster an environment conducive to entrepreneurship within Minnesota's thriving life sciences ecosystem. By offering shared equipment, business and entrepreneurship training, and a community of startups, University Enterprise Laboratories Inc empowers emerging life science companies to thrive and make significant strides in their respective fields. Furthermore, the organization collaborates with university-based researchers to facilitate technology transfer and provide valuable internship opportunities for students.

    Impact

    This information is meant to be a general summary of University Enterprise Laboratories Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    University Enterprise Laboratories Inc's impact is significant in supporting early-stage ventures in life sciences to achieve growth and commercial success. By providing access to world-class laboratory facilities, shared equipment, business and entrepreneurship training, a community of startups, and collaboration with university-based researchers, UEL plays a crucial role in fostering innovation and technological advancement in the field of life sciences. Additionally, UEL supports student work experience through internship opportunities and facilitates technology transfer with the University of Minnesota. Through its activities, UEL promotes scientific investigation, research, educational opportunities, and entrepreneurship, contributing to the overall development of Minnesota's entrepreneurship ecosystem and the advancement of science research.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,971
  • Program Service Revenue: $3,874,971
  • Gross Receipts: $3,975,153

    • Assets and Liabilities:
  • Total Assets: $19,666,443
  • Total Liabilities: $15,351,003
  • Net Assets: $4,315,440
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $3,868,505

    MAILBOX RENTALS

    Revenue

    $6,466

    Organization Details

    Founding Year

    2002

    Principal Officer

    Andrew Lafrence

    Main Address

    1000 WESTGATE DRIVE SUITE 101, ST PAUL, MN, 55114

    NTEE Category

    Code: U50 - Science research

    If you are a representative of University Enterprise Laboratories Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.