2025-05-13T08:08:48-07:00 2024-06-30 050511194 PPA LLP 469 CENTERVILLE ROAD STE 203 WARWICK RI 02886 990 2023-07-01 364644408 UNIVERSITY OF RHODE ISLAND RESEARCH FOUNDATION UNIV 4018745964 75 LOWER COLLEGE RD KINGSTON RI 02881 CHRISTIAN COWAN EXECUTIVE DIRECTOR 4018745964 2024-11-13 true true Jo-Anne M Newton CPA P01753961 4017380010 2025-05-13 2023 2025-03-06 01:10:19Z CHRISTIAN COWAN 75 LOWER COLLEGE RD KINGSTON RI 02881 11022838 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 RIs commercial and technological ecosystem, particularly URI. 13 13 72 0 0 0 6981632 9710917 1429446 1311746 604 175 0 8411682 11022838 0 0 3022438 4142619 0 0 5909464 6923715 8931902 11066334 -520220 -43496 6478055 6783523 2100840 2287808 4377215 4495715 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 AND RESEARCH, THE MANUFACTURING COMMUNITY, AND OTHER REGIONAL RESOURCES AND PARTNERSHIPS TO ACCELERATE INNOVATION, ADVANCEMENT, AND ENTREPRENEURSHIP IN RIS COMMERCIAL AND TECHNOLOGICAL ECOSYSTEM, PARTICULARLY URI. false false 645530 0 801442 FACILITATE THE TRANSITION OF URI TECHNOLOGIES INTO USEFUL PRODUCTS AND SERVICES THROUGH INTELLECTUAL PROPERTY LICENSES TO COMMERCIAL ENTITIES. 4875034 0 632610 POLARIS MANUFACTURING EXTENSION PARTNERSHIP PROVIDED SERVICES ON BEHALF OF THE STATE OF RHODE ISLAND TO IMPROVE THE PRODUCTIVITY AND RESILIENCE OF THE STATES MANUFACTURERS AND TO SUPPORT STATE INCENTIVES TO GROW THE NUMBER OF WORKERS WITH THE SKILLS NEEDED TO SUSTAIN THE STATES MANUFACTURERS. 2730283 0 43610 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. 1865051 0 6298 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. 1865051 0 6298 10115898 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 84 0 true 72 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 4014509605 75 LOWER COLLEGE RD KINGSTON RI 02881 CHRISTIAN COWAN EXECUTIVE DIRECTOR 40.00 X 207000 0 50239 MATTHEW WATSON POLARIS CENTER DIRECTOR 40.00 X 174250 0 52886 ERIK BRINE DIRECTOR FOR DEFENSE INTERACTIONS 40.00 X 190550 0 19758 LINDSEY BRICKLE DIRECTOR OF WORKFORCE & COMMUNITY ENGAGEMENT 40.00 X 123600 0 37343 PETER RUMSEY CHIEF BUSINESS DEVELOPMENT OFFICER 40.00 X 190550 0 45340 CHRISTINE SMITH DIRECTOR OF SPECIAL PROJECTS 40.00 X 128750 0 13087 SARAH REGGIO DIRECTR OF OPERATIONS 40.00 X 123600 0 11914 JAQUELINE N MAZZA CHIEF FINANCIAL OFFICER 40.00 X 187460 0 18200 MELISSA MCCARTHY URIRF BOARD SECRETARY 1.00 X 25113 0 0 TAYLOR GREENE SPECIAL PROGRAMS MANAGER 40.00 X 100940 0 19938 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 ERIN READ DIRECTOR 40.00 X 100831 0 19823 RANDY BRANDENBURG DIRECTOR 1.00 X 0 0 0 LINDA LARSEN DIRECTOR 40.00 X 100786 0 21215 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 SEAN DALY TREASURER 1.00 X 0 0 0 THEODORE B HOWELL COUNSEL 1.00 X 0 0 0 1653430 0 309743 11 true true false RHODE ISLAND MANUFACTURING INSTITUTE 200 FIRST AVENUE CRANSTON RI 02910 JOB TRAINING/DEVELOPMENT 665622 CCRI BURSAR'S OFFICE 400 EAST AVE WARWICK RI 02886 JOB TRAINING/DEVELOPMENT 434200 RIHUB 225 DYER STREET PROVIDENCE PROVIDENCE RI 02903 SUPPORT FOR URI STUDENTS & FACULTY RELATED GROWTH START UPS & ENTREPENURIAL EFFORTS FOR RISEUP GRANT 164472 URI OFFICE OF SPONSORED PROJECTS 70 LOWER COLLEGE ROAD 3RD FLOOR KINGSTON RI 02881 R&D/CONSULTING 211899 SEAAHEAD INC ONE BROADWAY 14TH FLOOR CAMBRIDGE CAMBRIDGE MA 02142 IP LEGAL SERVICES 167353 7 360441 9170437 180039 9710917 PROJECT REVENUE 541700 510486 0 0 LICENSING INCOME 541700 635367 0 0 RESEARCH AND DEV SERVICE 541700 165893 0 0 1311746 175 0 175 11022838 1311746 0 175 3313966 2855933 458033 0 548223 489063 59160 0 280430 250103 30327 0 37558 0 37558 0 21171 0 21171 0 225000 225000 0 0 209166 206536 2630 0 273717 102523 171194 0 85797 85797 0 0 269664 269664 0 0 210714 210136 578 0 155125 154771 354 0 50185 0 50185 0 CONSULTING FEES 2748914 2635635 113279 0 SUBCONTRACTORS - R&D SERVICES 116611 116611 0 0 INTELLECTUAL PROPERTY COSTS 405732 405732 0 0 PROFESSIONAL FEES 338424 338424 0 0 1775937 1769970 5967 0 11066334 10115898 950436 0 511283 48960 1439337 1967419 2177280 338778 1490750 1838502 1372190 1416540 1664495 1512102 6478055 6783523 721166 1243578 110788 250862 1268886 793368 2100840 2287808 X 4028518 4179894 348697 315821 4377215 4495715 6478055 6783523 X -43496 165065 -3069 X false true X true true true X 0 4680410 7619211 7175645 6978312 9538878 35992456 0 0 4680410 7619211 7175645 6978312 9538878 35992456 0 35992456 1492 3183 1287 604 175 6741 0 0 35999197 0.99980 0.99980 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 225000 225000 10841334 11066334 703317 175829 0 0 518290 603195 596595 703317 2421397 3632096 120000 110000 187500 225000 642500 Pt II-B Line 1 LOBBYING FEES OF $225,000 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 183261 183261 1994019 338778 1655241 1838502 EQUITY POSITION/LICENSING AGREEMENT 1416540 F 1416540 PREPAID EXPENSES 102764 SECURITY DEPOSIT 0 DUE FROM URI FOUNDATION 956181 OPERATING LEASE RIGHT OF USE 453157 1512102 FUNDS HELD FOR OTHERS 33127 LEASE LIABILITIES 760241 793368 11187728 164890 164890 11022838 11022838 11066334 11066334 11066334 Other 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, 2024. Pt XI, Line 4b INTEREST INCOME false false false false false false false false false CHRISTIAN COWAN 207000 0 0 0 0 0 0 0 50239 0 257239 0 0 0 MATTHEW WATSON 174250 0 0 0 0 0 0 0 52886 0 227136 0 0 0 ERIK BRINE 190550 0 0 0 0 0 0 0 19758 0 210308 0 0 0 LINDSEY BRICKLE 123600 0 0 0 0 0 0 0 37343 0 160943 0 0 0 PETER RUMSEY 190550 0 0 0 0 0 0 0 45340 0 235890 0 0 0 JAQUELINE N MAZZA 187460 0 0 0 0 0 0 0 18200 0 205660 0 0 0 CHRISTINE SMITH 128750 0 0 0 0 0 0 0 13087 0 141837 0 0 0 SARAH REGGIO 123600 0 0 0 0 0 0 0 11914 0 135514 0 0 0 TAYLOR GREENE 100940 0 0 0 0 0 0 0 19938 0 120878 0 0 0 ERIN READ 100831 0 0 0 0 0 0 0 19823 0 120654 0 0 0 LINDA LAREN 100786 0 0 0 0 0 0 0 21215 0 122001 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 FOUNDATIONS CONFLICT OF INTEREST POLICY AT LEAST ONCE EACH YEAR. EACH YEAR THEY REVIEW AND SIGN AN AGREEMENT THAT DEFINES FINANCIAL INTEREST 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: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 FOUNDATIONS 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 1865051. 0. 6298. Form 990, Part IX, Line 24e GRANT EXPENSE 1184792. 1184792. 0. 0. Form 990, Part IX, Line 24e PROFESSIONAL DEVELOPMENT 76468. 71233. 5235. 0. Form 990, Part IX, Line 24e BAD DEBT EXPENSE 57623. 57623. 0. 0. Form 990, Part IX, Line 24e SMALL EQUIPMENT 415565. 415565. 0. 0. Form 990, Part IX, Line 24e DUES AND SUBSCRIPTIONS 41489. 40757. 732. 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 DETERMINED AMOUNT VIA SQUARE FOOTAGE/MARKET VALUE CALCULATION UNIVERSITY OF RHODE ISLAND O DETERMINED AMOUNT VIA URI W-2 AND CALENDER YEAR 2020 EMPLOYER-PAID FRINGE COSTS