Program areas at Indiana University Research and Technology Corporation
Investments - the iurtc manages the business and investments under the Indiana philanthropic venture fund (ipvf) as well as innovate Indiana fund i, llc (iif) regarding planning, operations, and investments. Both ipvf and iif are established to acquire, hold, dispose, and manage investments in life science and Technology companies. An investment committee is utilized to assist with investment decisions.
Angel network - created in fiscal year 2019, the iurtc engages with high net worth individuals through this membership network and facilitates connections for startup companies with prospective investors. The angel network continues the iurtc and the University's mission of fostering a pervasive entrepreneurial culture that contributes to the prosperity of the state of Indiana, the nation, and the world.
Student engagement - the student engagement program is established to fully realize the benefits of University innovations through start-up company formation and support.
Who funds Indiana University Research and Technology Corporation
Grants from foundations and other nonprofits
Personnel at Indiana University Research and Technology Corporation
| Name | Title | Compensation | Date of data |
|---|
| Anthony T Armstrong | President and Chief Executive Officer | $0 | 2024-05-14 |
| Michael Burton | Assistant Treasury and Chief Financial Officer / Vice President of Finance | $147,115 | 2023-06-30 |
| Collin Rich | Chief Research Security Officer | | 2024-10-02 |
| Jonathan Barada | Vice President of Engagement | $187,508 | 2023-06-30 |
| Chris Liu | Associate Vice President for Research Development | | 2024-10-02 |
| ...and 18 more key personnel |
Financials for Indiana University Research and Technology Corporation
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $91,925 | $214,784 | -57.2% |
| Program services | $987,700 | $1,013,492 | -2.5% |
| Investment income and dividends | $265,583 | $214,067 | 24.1% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $-972,184 | $3,791,713 | -125.6% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $41,014 | $-37,145 | 210.4% |
| Total revenues | $414,038 | $5,196,911 | -92% |
Organizations like Indiana University Research and Technology Corporation
| Organization | Type | Location | Revenue |
|---|
| Berkshire Innovation Center | 501(c)(3) | Pittsfield, MA | $1,489,523 |
| Fab Lab Tulsa | 501(c)(3) | Tulsa, OK | $605,587 |
| The Biotechnology Incubator at NYMC | 501(c)(3) | Valhalla, NY | $389,283 |
| Concord University Research and Development Corporation | 501(c)(3) | Athens, WV | $1,303,316 |
| Institute for Future Intelligence | 501(c)(3) | Natick, MA | $536,775 |
| WiSys Technology Foundation | 501(c)(3) | Madison, WI | $1,837,439 |
| Applied Research Foundation of West Virginia | 501(c)(3) | Bluefield, WV | $397,727 |
| Texas Research Institute | 501(c)(3) | Dallas, TX | $158,074 |
| Topos Institute | 501(c)(3) | Berkeley, CA | $1,973,631 |
| Tougaloo College Research and Development Foundation | 501(c)(3) | Tougaloo, MS | $494,822 |
Data update history
September 20, 2024
Updated personnel
Identified 7 new personnel
August 13, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 4, 2024
Updated personnel
Identified 2 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
School foundationsGrantmaking organizationsResearch centersHeadquarter / parent organizationsCharities
Issues
Science and technologyEducation
Characteristics
Funds one specific organizationMembershipsConducts researchState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 642 N Madison St 113
- Bloomington, IN 47404
- Metro area
- Bloomington, IN
- County
- Monroe County, IN
- Website URL
- research.iu.edu/innovation-commercialization/index.htmlÂ
- Phone
- (317) 278-1911
IRS details
- EIN
- 35-1990726
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1996
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- B11: Education Single Organization Support
- NAICS code, primary
- 5417: Scientific Research and Development Services
- Parent/child status
- Central organization
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