2024-05-13T06:45:47-07:00 2023-06-30 050511194 PPA LLP 469 CENTERVILLE ROAD STE 203 WARWICK RI 02886 990 2022-07-01 364644408 UNIVERSITY OF RHODE ISLAND RESEARCH FOUNDATION UNIV 4018745964 75 LOWER COLLEGE RD KINGSTON RI 02881 CHRISTIAN COWAN EXECUTIVE DIRECTOR 4018745964 2023-10-04 true CHRISTIAN COWAN XXX-XX-XXXX true Jo-Anne M Newton CPA P01753961 4017380010 2024-05-13 3 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z CHRISTIAN COWAN 75 LOWER COLLEGE RD KINGSTON RI 02881 8411682 false X www.urirf.org X 2007 RI Be a leading driver of economic prosperity for Rhode Island by providing a scalable, flexible shared-support structure for our current and future portfolio entities and engaging URI research, the manufacturing community, and other regional resources and partnerships to accelerate innovation, advancement, and entrepreneurship in RI's commercial and technological ecosystem, particularly URI. 13 13 21 0 0 0 6805881 6981632 1903340 1429446 1287 604 0 8710508 8411682 0 0 2861400 3022438 0 0 6202501 5909464 9063901 8931902 -353393 -520220 6078660 6478055 1289986 2100840 4788674 4377215 X Be a leading driver of economic prosperity for Rhode Island by providing a scalable, flexible shared-support structure for our current and future portfolio entities and engaging URI research, the manufacturing community, and other regional resources and partnerships to accelerate innovation, advancement, and entrepreneurship in RI's commercial and technological ecosystem, particularly URI. false false 996919 0 1016859 FACILITATE THE TRANSITION OF URI TECHNOLOGIES INTO USEFUL PRODUCTS AND SERVICES THROUGH INTELLECTUAL PROPERTY LICENSES TO COMMERCIAL ENTITIES. 4489683 0 416972 POLARIS MANUFACTURING EXTENSION PARTNERSHIP PROVIDED SERVICES ON BEHALF OF THE STATE OF RHODE ISLAND TO IMPROVE THE PRODUCTIVITY AND RESILIENCE OF THE STATE'S MANUFACTURERS AND TO SUPPORT STATE INCENTIVES TO GROW THE NUMBER OF WORKERS WITH THE SKILLS NEEDED TO SUSTAIN THE STATE'S MANUFACTURERS. 1526416 0 0 401 TECH BRIDGE SERVES AS A SUPER-CONNECTOR FOR COMPANIES THAT ARE DEVELOPING LEADING-EDGE ADVANCED MATERIALS, TECHNOLOGIES, AND PRODUCTS, ENABLING BUSINESS GROWTH, AND SPEEDING THE PROCESS OF FUNDING COMMERCIAL AND DUAL-USE APPLICATIONS FOR TECHNOLOGIES. 1209786 0 3188 THE URI VENTURES DIVISION/PROGRAM FACILITATED RESEARCH COLLABORATIONS BETWEEN UNIVERSITY OF RHODE ISLAND (URI) FACULTY MEMBERS AND INDUSTRY SPONSORS. IT HOSTED ENTERPRENEURSHIP EDUCATIONAL PROGRAMS TO URI STUDENTS. 1209786 0 3188 8222804 true true false true false false false false false false true false true true false true true true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 112 0 true 21 true false false false false false false false false false false X 13 13 false false false false false false false true true false false true true true true true true false true false X JACKIE MAZZA 4018745964 75 LOWER COLLEGE RD KINGSTON RI 02881 CHRISTIAN COWAN EXECUTIVE DIRECTOR 40.00 X 181223 0 46603 MARY SPRINGER DIRECTOR OF FINANCE AND ADMIN. 40.00 X 125594 0 11961 ERIK BRINE DIRECTOR FOR DEFENSE INTERACTIONS 40.00 X 169579 0 17490 LEE SILVESTRE SBIR COORDINATOR 40.00 X 156396 0 14848 PETER RUMSEY CHIEF BUSINESS DEVELOPMENT OFFICER 40.00 X 160472 0 46363 CHRISTINE SMITH DIRECTOR OF SPECIAL PROJECTS 40.00 X 112275 0 12658 PETER J SNYDER URIRF BOARD OF SECRETARY 40.00 X 26415 0 0 JAQUELINE N MAZZA CHIEF FINANCIAL OFFICER 40.00 X 144496 0 14015 MELISSA MCCARTHY URIRF BOARD SECRETARY 1.00 X 20090 0 0 MICHAEL KATZ EXECUTIVE DIRECTOR 1.00 X 9000 0 0 BETHANY D JENKINS DIRECTOR, EX OFFICIO 1.00 X 0 0 0 MARC PARLANGE DIRECTOR, EX OFFICIO 1.00 X 0 0 0 ABBY BENSON DIRECTOR, EX OFFICIO 1.00 X 0 0 0 MEGAN MERCEDES ECHEVARRIA DIRECTOR, EX OFFICIO 1.00 X 0 0 0 RELE ABIDAE DIRECTOR 1.00 X 0 0 0 VICTOR BELL DIRECTOR 1.00 X 0 0 0 RANDY BRANDENBURG DIRECTOR 1.00 X 0 0 0 JENNIFER BROWER DIRECTOR 1.00 X 0 0 0 AMY GRZYBOWSKI DIRECTOR 1.00 X 0 0 0 NATALIE HOGAN DIRECTOR 1.00 X 0 0 0 PETER KACZMAREK DIRECTOR,VICE CHAIR 1.00 X X 0 0 0 MATTHEW M NEYLAND BOARD MEMBER 1.00 X 0 0 0 PAUL J ROBERTI DIRECTOR 1.00 X 0 0 0 BRIAN S DUNCKLEY TREASURER 1.00 X 0 0 0 1105540 0 163938 5 true true false RHODE ISLAND MANUFACTURING INSTITUTE 200 FIRST AVENUE CRANSTON RI 02910 JOB TRAINING/DEVELOPMENT 502387 CCRI BURSAR'S OFFICE 400 EAST AVE WARWICK RI 02886 JOB TRAINING/DEVELOPMENT 254040 MASSCHALLENGE INC 10 FAN PIER BLVD SUITE 300 BOSTON MA 02210 CONSULTING SERVICES 200000 URI OFFICE OF SPONSORED PROJECTS 70 LOWER COLLEGE ROAD 3RD FLOOR KINGSTON RI 02881 R&D/CONSULTING 478288 MINTZ LEVIN COHN FERRIS GLOVSKY PC ONE FINANCIAL CENTER BOSTON MA 02111 IP LEGAL SERVICES 178446 5 406807 6474731 100094 6981632 PROJECT REVENUE 541700 420510 0 0 LICENSING INCOME 541700 506706 0 0 RESEARCH AND DEV SERVICE 541700 502230 0 0 1429446 604 0 604 8411682 1429446 0 604 390633 211063 179570 0 1988625 1826116 162509 0 450125 416327 33798 0 193055 168495 24560 0 43460 0 43460 0 22714 0 22714 0 187500 187500 0 0 291057 288449 2608 0 203169 77404 125765 0 46067 46067 0 0 233535 233535 0 0 99527 97488 2039 0 104350 100467 3883 0 36568 0 36568 0 CONSULTING FEES 2483400 2413870 69530 0 SUBCONTRACTORS - R&D SERVICES 390020 390020 0 0 INTELLECTUAL PROPERTY COSTS 366551 366551 0 0 PROFESSIONAL FEES 308597 308597 0 0 1092949 1090855 2094 0 8931902 8222804 709098 0 96286 808043 511283 1339753 1439337 1717367 226617 1595100 1490750 1179697 1372190 1059781 1664495 6078660 6478055 925855 721166 364131 110788 0 1268886 1289986 2100840 X 4201338 4028518 587336 348697 4788674 4377215 6078660 6478055 X -520220 X false true X true true true X 0 4273394 4680410 7619211 7175645 6978312 30726972 0 0 4273394 4680410 7619211 7175645 6978312 30726972 0 30726972 936 1492 3183 1287 604 7502 0 0 30734474 0.99980 0.99970 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 187500 187500 8744402 8931902 596595 149149 0 0 443386 518290 603195 596595 2161466 3242199 120000 120000 110000 187500 537500 Pt II-B Line 1 LOBBYING FEES OF $187,500 WERE PAID TO AN OUTSIDE CONTRACTOR FOR DIRECT LOBBYING ACTIVITIES SPECIFICALLY WORKING WITH THE URI-VP OF RESEARCH AND THE RHODE ISLAND DELEGATION ON APPROPRIATIONS AND AUTHORIZATIONS RELATED TO HIGHER EDUCATION, SCIENCE RESEARCH, AND TECHNOLOGY DEVELOPMENT AFFECTING THE UNIVERSITY. 0 0 1717367 226617 1490750 1490750 EQUITY POSITION/LICENSING AGREEMENT 1372190 F 1372190 PREPAID EXPENSES 58109 SECURITY DEPOSIT 0 DUE FROM URI FOUNDATION 893663 OPERATING LEASE RIGHT OF USE 712723 1664495 FUNDS HELD FOR OTHERS 391891 LEASE LIABILITIES 876995 1268886 8562689 151007 151007 8411682 8411682 8931902 8931902 8931902 Pt III, Line 1a THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW. THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE FOUNDATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED AND BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN FIFTY (50) PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEAR ENDED JUNE 30, 2021. Pt XI, Line 4b INTEREST INCOME false false false false false false false false false CHRISTIAN COWAN 181223 0 0 0 0 0 0 0 46603 0 227826 0 0 0 ERIK BRINE 169579 0 0 0 0 0 0 0 17490 0 187069 0 0 0 LEE SILVESTRE 156396 0 0 0 0 0 0 0 14848 0 171244 0 0 0 PETER RUMSEY 160472 0 0 0 0 0 0 0 46362 0 206834 0 0 0 JAQUELINE N MAZZA 144496 0 0 0 0 0 0 0 14015 0 158511 0 0 0 Other FORM 990, PART VI, SECTION B, LINE 11b: FORM 990 IS REVIEWED BY THE CFO, THE BOARD TREASURER, MANAGEMENT AND THE FINANCE COMMITTEE ANNUALLY. ONCE ACCEPTED BY THE FINANCE COMMITTEE, THE BOARD TREASURER REVIEWS THE FORM WITH THE ENTIRE BOARD AT THEIR NEXT QUARTERLY BOARD MEETING. ONCE ACCEPTED, THE BOARD VOTES TO APPROVE AND FILE THE FORM 990. Pt VI, Line 12c FORM 990, PART VI, SECTION B, LINE 12C: ALL OFFICERS AND BOARD MEMBERS ARE REMINDED OF THE FOUNDATION'S CONFLICT OF INTEREST POLICY AT LEAST ONCE EACH YEAR. EACH YEAR THEY REVIEW AND SIGN AN AGREEMENT THAT DEFINES "FINANCIAL INTERESTX AND SETS FORTH THEIR OBLIGATION TO DISCLOSE SUCH INTERESTS. THE AGREEMENT ALSO SETS FORTH PROCEDURES THE BOARD FOLLOWS TO DETERMINE IF A CONFLICT OF INTEREST EXISTS AND IF SO, PROCEDURES FOR ADDRESSING THE CONFLICT Pt VI, Line 15b FORM 990, PART VI, SECTION B, LINE 15b: THE EXECUTIVE DIRECTOR THROUGH 9/2022 WAS NOT COMPENSATED BY THE FOUNDATION. AFTER 9/2022 THE EXECUTIVE DIRECTOR WAS COMPENSATED BY THE FOUNDATION. SALARIES FOR EMPLOYEES ARE BASED ON INDUSTRY AVERAGES, EXPERIENCE, AND BUDGET FUNDS AVAILABLE. Pt VI, Line 11b FORM 990, PART VI, SECTION C, LINE 18: FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. Other FORM 990, PART VI, SECTION C, LINE 19: THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. Pt XI LINE 9 AMOUNT IS LOSS ON DISPOSAL OF FIXED ASSET - Architect and Engineering fees were expended for leasehold improvements at 1170 East Main Road in Portsmouth, RI. After these fees were incurred, the project was halted and will not be resumed at that address so the leasehold improvements were written off at that time. Form 990, Part III, Line 4d THE URI VENTURES DIVISION/PROGRAM FACILITATED RESEARCH COLLABORATIONS 1209786. 0. 3188. Form 990, Part IX, Line 24e GRANT EXPENSE 826384. 826384. 0. 0. Form 990, Part IX, Line 24e PROFESSIONAL DEVELOPMENT 55387. 54592. 795. 0. Form 990, Part IX, Line 24e BAD DEBT EXPENSE 24669. 24669. 0. 0. Form 990, Part IX, Line 24e SMALL EQUIPMENT 176608. 176608. 0. 0. Form 990, Part IX, Line 24e DUES AND SUBSCRIPTIONS 9901. 8602. 1299. 0. UNIVERSITY OF RHODE ISLAND 75 LOWER COLLEGE RD KINGSTON RI 02881 223011455 HIGHER EDUCATION RI false 401 TECH BRIDGE 75 LOWER COLLEGE RD Kingston RI 02881 853008145 FUNDING TECH PROJECTS RI false false false false false false false false false false false false false false true true false false false false UNIVERSITY OF RHODE ISLAND N 16387 DETERMINED AMOUNT VIA SQUARE FOOTAGE/MARKET VALUE CALCULATION UNIVERSITY OF RHODE ISLAND O 4404 DETERMINED AMOUNT VIA URI W-2 AND CALENDER YEAR 2020 EMPLOYER-PAID FRINGE COSTS