2024-04-12T03:30:41-00:00 2023-06-30 990 2022-07-01 341972453 University of Akron Research Foundation UNIV 3309728054 170 University Circle STE 312 Akron OH 443252103 Kendall Martis Treasurer 3309728054 2024-04-10 false Kendall Martis AAL1 IAL1 2022 2023-04-26 12:10:37Z Kendall Martis 170 University Circle APT 312 Akron OH 443252103 3671028 false X X 2001 OH 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 compa 12 6 15 9 0 0 2115476 1951886 340641 264383 1255307 1454759 3711424 3671028 0 0 475846 599080 0 0 3113801 3549636 3589647 4148716 121777 -477688 12543430 12153009 4976267 4484464 7567163 7668545 X 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. false false 392396 429778 To promote, encourage, and provide assistance to research and licensing activities of The University of Akrons faculty, staff, and students. 1661557 2142424 Research Support for faculty and students and facilitate experimental testing for the University of Akron. 1005720 1416409 738610 3798283 true false false false false false false false false false true true true false false false false false false false false false false false false false false false false true false false false false false false false false false false false false true true false true false true 12 0 false 15 true false false false false false false false false false false false false false false false false false false false X 12 6 false false false false false false false true true false false true true true true true true false false false OH X Kendall M Martis 3309728054 170 University Circle Akron OH 443252103 Gary Miller Chairman X 0 531160 63217 Phil Allen Director X 0 205730 44908 Sue Bausch President X X 0 105660 14626 Elyse Ball Secretary 040.00 X 110000 0 0 Kendall Martis Treasurer 040.00 X 74709 0 13310 Thomas Waltermire Director X 0 0 0 Chris Thompson Director X 0 0 0 Ilene Shapiro Director X 0 0 0 Joe Rich Director X 0 0 0 Robert Cooper Director X 0 0 0 Joseph Gingo Director X 0 0 0 Bryan Williams Director X 0 0 0 Dennis Coco Director X 0 0 0 Sam DeShazior Director X 0 0 0 184709 842550 136061 4 true true false Jerry M Buysse 270 Alvarado Ave Los Angeles CA 94022 Consulting Services 356463 Rare Strategic LLC 20 Elaine Ave Mill Valley CA 94941 Consultng Services 444500 2 License Revenue 900099 166897 Sponsored Research 900099 262881 Research Funding 900099 1041186 Rental Income 900099 480922 1951886 264383 Patent Reimbursement 900099 461643 Consulting Income 900099 880768 Other 900099 112348 1454759 3671028 0 0 0 0 0 0 599080 456205 142875 0 0 0 0 0 38832 38832 0 0 0 0 84855 0 46138 46138 0 0 0 0 83871 0 306355 306355 58829 58829 Research Costs 346258 346258 Building Operating 529577 529577 Research Support and Economic Development 1661557 1661557 Bad Debt Expense 393364 393364 0 4148716 3798283 181707 0 733408 354890 1023915 1123786 178676 140589 8198433 5272065 3187451 2926368 6315094 6302321 1104886 1305055 12543430 12153009 2749914 3186516 68280 125046 2158073 1172902 4976267 4484464 X 7567163 7668545 7567163 7668545 12543430 12153009 -477688 579070 X false false X true false X X 1 University of Akron 346002924 6 true 1520000 0 1 1520000 0 true false false false false false false false false false false false false false false false false false false false false false true false true false true true X Part IV Section D Line 3 The University of Akron assigns board members to serve of UARFs board. All board actions, including investments and use of assets are presented to the entire board. Part IV Section E Line 1c UARF supports UA with management of IP licensing technology. false 290607 290607 3659393 1516929 2142464 1899039 1419820 479219 2349394 2335316 14078 2926368 6302321 F Financial derivatives and other financial products Closely-held equity interests 6302321 F Short-term investments 6302321 Alternative Investments 1305055 F 1305055 Federal income taxes 4262098 579070 12000 591070 3671028 3671028 4160716 12000 12000 4148716 4148716 X false false false false false false false false false false Gary Miller Chairman 464668 66492 36105 27112 594377 Phil Allen 162255 138 22997 10091 195481 Part I Line 3 The University of Akron Research Foundations Board of Directors approves the compensation of the executive director. Form 990, Part VI, Section B, Line 11b Process for review of IRS - The form 990 shall be submitted to the Board by the first meeting after the completion of the audit. It may be submitted by email. A subcommittee may be established to review and approve the return prior to filing. Otherwise the officers may approve and ratify at the next meeting. Form 990, Part VI, Section C, Line 19 Public Inspection - All documents are available for inspection at the UARF office. Goodyear Polymer Building Suite 312, Akron, OH 44325. Form 990, Part VI, Section B, Line 12c Conflict of Interest - Policy requires a yearly review and the statement if there are changes. Conflict of interest forms are distributed yearly at a Board of Directors meeting for any changes. Akron Innovation Campus 411 Wolf Ledges Pkwy Suite 208 Akron OH 44311 208900291 Rental Property OH 556114 2997803 University of Akron Research Foundation PolyMed Tech Inc 411 Wolf Ledges Pkwy Suite 100 Akron OH 44311 460724996 Medical Devices OH 20 University of Akron Research Foundation University of Akron 301 Buchtel Ave Akron OH 44325 346002924 University OH 509 a 1 2 N/A false Ohio Research Foundation 170 University Circle Suite 312 Akron OH 44325 262681553 Foundation OH 501 c 3 9 N/A false false false false false false false false false false false false true false false true false false false false University of Akron o 12000 FMV University of Akron l 1000000 FMV