NonprofitsUniversity Of Akron Research Foundation

Education

University Of Akron Research Foundation

AKRON, OH

Total revenue

$3.1M

Total expenses

$3.3M

Net assets

$7.8M

Grants received

$763K

10 grants

EIN

341972453

Tax year

2023

Mission

To benefit The University of Akron through administration of certain research activities and management of intellectual property. Promote economic development in Northeast Ohio by licensing technologies to start up companies.

Programs

3 programs

To promote, encourage, and provide assistance to research and licensing activities of The University of Akron's faculty, staff, and students.

Expenses: $115K

Office space rental for start up corporations and other external agencies.

Expenses: $414K

Other activities

Expenses: $1.3M

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$1.8M
Investment income$173K
Other revenue$1.1M
Total revenue$3.1M

Expenses

Grants paid
Salaries & benefits$563K
Fundraising
Other expenses$2.8M
Total expenses$3.3M
Total assets$11.3M
Net assets$7.8M

People

12 listed

NameRoleCompensation

Kendall Martis

Treasurer

Board

$75K

40 hrs/wk

Elyse Ball

Secretary

Board

$62K

40 hrs/wk

Dennis Cocco

Director

Board

0

Robert Cooper

Director

Board

0

Samuel DeShazior

Director

Board

0

Joseph Rich

Director

Board

0

Ilene Shapiro

Director

Board

0

Christopher Thompson

Director

Board

0

Thomas Waltermire

Director

Board

0

Gary Miller

Chairman

Board

0

Bryan Williams

Director

Board

0

Suzanne Bausch

President

Board

0

Independent contractors

Rare Strategic LLC

Consulting Services

$445K

Jerry M Buysse PhD

Consulting Services

$389K

Grants received

Showing 10 of 10

FromAmountPurposeYear
$55K
COMMUNITY TEAMS PARTICIPATING IN THE I-CORPS PROGRAM
2024
$100K
TO SUPPORT ENTRPRENEURSHIP EDUCATION CONSORTIUM
2023
$93K
TO ENHANCE THE CAPACITY OF THE ENTREPRENEURSHIP EDUCATION CONSORTIUM, PROMOTE EXPANDED COLLABORATION AMONG ECOSYSTEM STAKEHOLDERS, AND DESIGN/COORDINATE PROGRAMMING THAT ADDRESSES ECOSYSTEM NEEDS
2023
$50K
TO SUPPORT THE STRIDE ACCELERATOR
2023
$295K
Exempt purpose of organization
2022
$94K
to support programming and staff in 2020 for the Entrepreneurship Education Consortium
2020
$50K
to support the I-Corps Sites program in 2020, 2021, and 2022
2020

Funded by

$763K from 2 funders · 10 grants · 2020–2024

Burton D Morgan Foundation Inc

$736K · 7 grants · 2020–2024

Society Of Plastics Engineers Inc

$27K · 3 grants · 2020–2024

Details

EIN341972453
NTEE codeB02
Subsection03
Ruling date2003-07
Formed2001
Employees14
Volunteers9
UNIVERSITY OF AKRON RESEARCH FOUNDATION — Mission, Financials & Grants Received | Grantivo