University Of Akron Research Foundation in Akron, Ohio (OH)

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University Of Akron Research Foundation
Employer Identification Number (EIN)341972453
Name of OrganizationUniversity Of Akron Research Foundation
AddressGoodyear Polymer Center, Akron, OH 44325-2103
SubsectionCharitable Organization
Ruling Date07/2003
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$13,232,625
Amount of Income$10,265,658
Form 990 Revenue Amount$10,265,658
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Management & Technical Assistance


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Amount of income in 2012: $10,265,658 (it was $6,806,370 in 2011)
University Of Akron Research Foundation: 

 $10,265,658
Other organizations performing similar types of work: 

 $259,761

Assets in 2012: $13,232,625 (it was $15,062,153 in 2011)
This organization: 

 $13,232,625
Other organizations performing similar types of work: 

 $144,228

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$10,265,658
Contributions, Gifts, Grants and Other Similar Amounts$650,000
Program Service Revenue$9,294,405
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$164,375
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$156,878
Statement of Functional Expenses (for 2012)
Total functional expenses$10,031,525
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$183,259
Payroll taxes$0
Professional fundraising services$0
Other$9,848,266
Balance Sheet (for 2012)
Total assets$13,232,625
Total liabilities$8,220,236
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$2,819,066
Unsecured notes and loans payable to unrelated third parties$0
Other$5,401,170
Total net assets or fund balances$5,012,389
Retained earnings, endowment, accumulated income, or other funds$5,012,389
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Wb Community Health875 Centerville Rd Bld 3-10, Warwick, RI 02886-4381RI1999-06$136,739,581
2University At Buffalo Surgeons Inc462 Grider St, Buffalo, NY 14215-3021NY2003-02$16,349,667
3University Of Akron Research FoundationGoodyear Polymer Center, Akron, OH 44325-2103OH2003-07$10,265,658
4New Classrooms Innovation Partners Inc1250 Broadway 30th Floor, New York, NY 10001NY2012-07$7,100,421
5The Center For Education Innovation200 South Lamar Street, Jackson, MS 39201-4013MS2010-12$6,962,513
6Educational Solutions Co, Stephens Jr Robert L Principal Ofc1500 W 3rd Avenue, Columbus, OH 43212-2843OH2004-08$2,854,323
7Literacy Cooperative Of Greater Cleveland1331 Euclid Avenue, Cleveland, OH 44115-1840OH2009-05$1,557,505
8Keys To Improving Dayton Schools Inc400 E 5th Stste 250, Dayton, OH 45402OH2004-04$733,195
9Hstw Ohio Network1651 Otter Ct, Grove City, OH 43123-9548OH2003-10$317,354
10Nasbite Intl IncC/O Cleve State - 2121 Euclid Ave, Cleveland, OH 44115OH1999-02$302,600
11Dtma Education Foundation240 W Fifth St No 13-125, Dayton, OH 45402-2302OH2002-10$253,062
12Public Pension Financial Forum277 E Town St, Columbus, OH 43215-4627OH2011-11$142,464
13Turning Foundation255 W Federal St, Youngstown, OH 44503-1207OH2010-02$108,931
14Public Pension Financial Forum277 E Town St, Columbus, OH 43215-4627OH2012-01$102,580
15Ohio Education Data Systems Association, Oedsa3062 Canterbury Dr, Lima, OH 45805-2946OH2005-07$78,671
16Buckeye Charter School Boards IncPO BOX 140964, Toledo, OH 43614-0964OH2011-08$49,689
17Collaboration Station680 East Market Street, Akron, OH 44304-1614OH2003-09$40,766
18Learning With Math Machines Inc1014 Merrywood Dr, Englewood, OH 45322-2445OH2007-12$39,409
19Northwest Ohio Center For Economic Education529 Education Bldg B G S U, Bowling Green, OH 43403-0001OH2003-09$2,294
20Ohio Learning First Alliance, Olfa809 Black Gold Ave, Gahanna, OH 43230-3800OH2003-05$853
Number of organizations performing similar types of work
Alaska2
Alabama1
Arkansas1
Arizona7
California40
Colorado9
Connecticut8
District of Columbia11
Delaware1
Florida11
Georgia9
Hawaii3
Iowa5
Idaho1
Illinois7
Indiana1
Kansas2
Louisiana4
Massachusetts13
Maryland11
Maine1
Michigan5
Minnesota11
Missouri6
Mississippi1
Montana3
North Carolina4
New Hampshire4
New Jersey3
New Mexico4
Nevada2
New York27
Ohio18
Oklahoma4
Oregon7
Pennsylvania13
Rhode Island4
South Carolina5
Tennessee4
Texas11
Utah2
Virginia9
Vermont1
Washington7
Wisconsin8
West Virginia1
International1
Total313

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