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University Of Florida Research Foundation Inc

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

EIN: 592729133 ✦ Gainesville, FL ✦ Designated as a 501(c)(3)

Overview

What is University Of Florida Research Foundation Inc?

University of Florida Research Foundation Inc is a nonprofit organization based in Gainesville, Florida, specifically at PO Box 115500. Their primary mission is to support the University of Florida in securing research funding through grants and contractual agreements. They also play a crucial role in commercializing intellectual properties, which encompass inventions, discoveries, processes, and work products, for the university. This organization helps bridge the gap between research and practical application, ultimately contributing to the advancement of knowledge and innovation.


Official website here: www.research.ufl.edu/ufrf.html

Is University Of Florida Research Foundation Inc legitimate?

University Of Florida Research Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of 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.

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.research.ufl.edu/ufrf.html

What is the mission statement of University Of Florida Research Foundation Inc?

The University of Florida Research Foundation Inc supports the University of Florida in funding research and development by securing grants and contractual agreements. They play a crucial role in the commercialization of intellectual properties, which encompass inventions, discoveries, processes, and work products. The organization's primary objective is to facilitate the financial aspects of research activities at the University of Florida. Their efforts contribute to the advancement of knowledge and innovation through various research projects. Additionally, they help protect and monetize the intellectual assets created at the university, ensuring that the benefits can be realized and further contribute to academic and scientific progress.


Official website here: www.research.ufl.edu/ufrf.html

Who is the CEO of University Of Florida Research Foundation Inc?

Dr David P Norton is the President of University Of Florida Research Foundation Inc.


Official website here: www.research.ufl.edu/ufrf.html

What is the revenue of University Of Florida Research Foundation Inc?

University Of Florida Research Foundation Inc's revenue in 2022 was $51,975,726.


Official website here: www.research.ufl.edu/ufrf.html

Who are the executives of University Of Florida Research Foundation Inc and what are their salaries?

Here are 17 key members and their salaries:

    David Nelson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $1,420,423
  • Other: $48,651

    • Dr Kent Fuchs (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $1,120,101
  • Other: $107,930

    • Chris Cowen (Treasurer)
  • Compensation: $0
  • Related: $746,768
  • Other: $147,383

    • Dr Joseph Glover (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $562,836
  • Other: $52,031

    • Saby Mitra (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $525,978
  • Other: $57,994

    • Dr Cammy R Abernathy (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $400,843
  • Other: $61,524

    • Curtis Reynolds (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $354,747
  • Other: $107,260

    • Dr David P Norton (President) [Trustee/Director]
  • Compensation: $0
  • Related: $409,516
  • Other: $50,258

    • Dr David Richardson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $376,392
  • Other: $57,549

    • Scott Angle (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $377,483
  • Other: $52,364

    • James O'Connell (Officer)
  • Compensation: $0
  • Related: $287,334
  • Other: $52,225

    • Alan West (Former Board Officer)
  • Compensation: $0
  • Related: $232,285
  • Other: $41,725

    • Stephanie Gray (Officer)
  • Compensation: $0
  • Related: $220,099
  • Other: $31,722

    • Julie Rhee (Secretary)
  • Compensation: $0
  • Related: $143,797
  • Other: $27,194

    • Brian K Hutchinson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brad Bennett (Audit Committee Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carolyn Roberts (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.research.ufl.edu/ufrf.html

    Where can I find the form 990 for University Of Florida Research Foundation Inc?

    The University Of Florida Research Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.research.ufl.edu/ufrf.html

    Learn more at the official website: www.research.ufl.edu/ufrf.html

    Mission Statement of University Of Florida Research Foundation Inc

    University of Florida Research Foundation Inc plays a crucial role in supporting the University of Florida by facilitating the funding of research and development initiatives. They accomplish this through grants and contractual agreements. Additionally, they are involved in the commercialization of intellectual properties, which encompass inventions, discoveries, processes, and work products. By doing so, they contribute significantly to the advancement of scientific knowledge and innovation at the University of Florida.

    The University of Florida Research Foundation Inc's mission is multifaceted. On one hand, they focus on securing financial resources for research and development projects at the University of Florida. This is accomplished through obtaining licenses and grants that provide the necessary funding for these initiatives. On the other hand, they are dedicated to the commercialization of intellectual properties, which involves the transformation of university-originated inventions, discoveries, and innovations into marketable products or services. In this way, they help bridge the gap between laboratory research and real-world applications, ultimately contributing to economic growth and the betterment of society.

    Impact

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




    Thursday, August 15, 2024

    University Of Florida Research Foundation Inc's impact is significant in advancing research and development at the University of Florida through funding, grants, and contractual arrangements. The organization plays a crucial role in the commercialization of intellectual properties, including inventions, discoveries, processes, and work products. By facilitating the licensing and funding processes, University Of Florida Research Foundation Inc supports the university's mission of innovation and knowledge creation. This impact contributes to educational advancement and economic development in Gainesville, Florida, and beyond.





    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: $-54,965
  • Program Service Revenue: $12,686,093
  • Gross Receipts: $52,225,726

    • Assets and Liabilities:
  • Total Assets: $137,434,507
  • Total Liabilities: $25,385,356
  • Net Assets: $112,049,151
  • Programs

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

    LICENSING FEES

    Revenue

    $6,367,967

    PATENT & LICENSING COSTS

    Revenue

    $3,966,479

    ASSESSMENT FEES

    Revenue

    $2,300,000

    OTHER PROGRAM SERVICE REVENUE

    Revenue

    $51,647

    Organization Details

    Founding Year

    1986

    Principal Officer

    Dr David P Norton

    Main Address

    PO BOX 115500, GAINESVILLE, FL, 326115500

    NTEE Category

    Code: B11 - Education

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