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Ut-Battelle Development Corporation

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

EIN: 621867598 ✦ Oak ridge, TN ✦ Designated as a 501(c)(3)

Overview

What is Ut-Battelle Development Corporation?

Ut-Battelle Development Corporation is a publicly-benefitting, not-for-profit organization based in Oak Ridge, Tennessee. Established with the primary purpose of managing scientific facilities and supporting ORNL in providing research institutions, their mission is dedicated to this mission. Ut-Battelle Development Corporation is a cornerstone in the scientific community, overseeing the operational aspects of various research facilities.


Is Ut-Battelle Development Corporation legitimate?

Ut-Battelle Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ut-Battelle Development Corporation 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


What is the mission statement of Ut-Battelle Development Corporation?
Who is the CEO of Ut-Battelle Development Corporation?
What is the revenue of Ut-Battelle Development Corporation?
Who are the executives of Ut-Battelle Development Corporation and what are their salaries?
Where can I find the form 990 for Ut-Battelle Development Corporation?

Mission Statement of Ut-Battelle Development Corporation

Ut-Battelle Development Corporation, a public benefit not-for-profit organization, is dedicated to the mission of managing scientific facilities. Based in Oak Ridge, Tennessee, this corporation was established to support the oversight of research facilities in conjunction with Oak Ridge National Laboratory (ORNL). With a focus on scientific management, Ut-Battelle Development Corporation plays a significant role in ensuring the smooth operation of the research facilities under its care.

In simpler terms, Ut-Battelle Development Corporation serves as the steward of scientific research institutions, employing its expertise to maintain and manage these facilities effectively. The organization's primary goal is to foster an environment conducive to scientific advancements by managing the day-to-day operations and upkeep of the research facilities. By taking on this responsibility, Ut-Battelle Development Corporation enables researchers and scientists to focus on their groundbreaking work.

Furthermore, this not-for-profit organization plays a crucial role in the scientific community by providing essential support to research facilities. By managing these institutions, Ut-Battelle Development Corporation ensures that they have the necessary resources and infrastructure to thrive. This commitment to scientific management allows researchers to make important discoveries and contribute to the advancement of knowledge in various fields.

Impact

This information is meant to be a general summary of Ut-Battelle Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Ut-Battelle Development Corporation's impact lies in its critical role in managing scientific facilities, particularly in connection with Oak Ridge National Laboratory (ORNL) in Oak Ridge, TN. By supporting the management of research facilities, the Corporation facilitates cutting-edge scientific research and innovation in various fields. This helps advance knowledge, technological development, and potential solutions to complex challenges. Ultimately, Ut-Battelle Development Corporation contributes to the advancement of scientific knowledge and the fostering of research excellence in the community it serves.





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: $68,439
  • Program Service Revenue: $11,631,023
  • Gross Receipts: $23,986,732

    • Assets and Liabilities:
  • Total Assets: $72,644,900
  • Total Liabilities: $47,695,692
  • Net Assets: $24,949,208
  • Programs

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

    RENT INCOME AFFILIATE

    Revenue

    $11,631,023

    Organization Details

    Founding Year

    2001

    Principal Officer

    Andrew Petzold

    Main Address

    PO BOX 2008 MS-6432, OAK RIDGE, TN, 378316432

    NTEE Category

    Code: U99 - Science research

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