Civic Intelligence

Indiana University Research & Technology Corporation

990 • Fiscal year 2018 • EIN 35-1990726

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

Organization ProfileWWW.IURTC.IU.EDU

View Organization Page

518 Indiana AvenueIndianapolis, IN 46202

(317) 278-1911

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

24th percentile

0.04x

Higher debt load relative to assets than 24% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

73rd percentile

0.68x

Higher debt load relative to revenue than 73% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

3rd percentile

-115%

Higher net margin than 3% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

95th percentile

$843,919

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 80.5% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

6th percentile

-13%

Faster asset growth than 6% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

3rd percentile

-63%

Faster revenue growth than 3% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets24th percentile

Assets

Down

$18,984,301

Down $2,783,789 (-13%) from 2017

Net Assets

Up

$18,273,431

Up $39,264 (+0.2%) from 2017

Liabilities

Down

$710,870

Down $2,823,053 (-80%) from 2017

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin3rd percentile

Revenue

Down

$1,048,265

Down $1,821,835 (-63%) from 2017

Expenses

Down

$2,254,955

Down $3,139,342 (-58%) from 2017

Net Income

Up

-$1,206,690

Up $1,317,507 (+52%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $40,329,469Liabilities 2010: $7,023,777Net Assets 2010: $33,305,6922010Assets 2012: $36,202,092Liabilities 2012: $3,298,036Net Assets 2012: $32,904,0562012Assets 2013: $33,631,094Liabilities 2013: $2,881,129Net Assets 2013: $30,749,9652013Assets 2014: $30,344,105Liabilities 2014: $2,038,321Net Assets 2014: $28,305,7842014Assets 2015: $32,016,015Liabilities 2015: $4,626,681Net Assets 2015: $27,389,3342015Assets 2016: $24,327,256Liabilities 2016: $2,194,360Net Assets 2016: $22,132,8962016Assets 2017: $21,768,090Liabilities 2017: $3,533,923Net Assets 2017: $18,234,1672017Assets 2018: $18,984,301Liabilities 2018: $710,870Net Assets 2018: $18,273,4312018Assets 2019: $18,644,673Liabilities 2019: $666,949Net Assets 2019: $17,977,7242019Assets 2020: $18,377,381Liabilities 2020: $538,494Net Assets 2020: $17,838,8872020Assets 2021: $17,699,684Liabilities 2021: $618,678Net Assets 2021: $17,081,0062021Assets 2022: $21,292,100Liabilities 2022: $584,136Net Assets 2022: $20,707,9642022Assets 2023: $20,053,172Liabilities 2023: $554,385Net Assets 2023: $19,498,7872023Assets 2024: $17,325,932Liabilities 2024: $567,896Net Assets 2024: $16,758,0362024

Highlighted filing

2018

Assets$18,984,301
Liabilities$710,870
Net Assets$18,273,431
Open 2018 Filing

Operations Trend

Revenue Growth3rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $4,861,6912010Expenses 2012: $6,640,5722012Expenses 2013: $5,796,2982013Revenue 2014: $2,644,087Expenses 2014: $6,092,837Net Income 2014: -$3,448,7502014Revenue 2015: $4,429,610Expenses 2015: $5,696,652Net Income 2015: -$1,267,0422015Revenue 2016: $4,398,991Expenses 2016: $6,738,615Net Income 2016: -$2,339,6242016Revenue 2017: $2,870,100Expenses 2017: $5,394,297Net Income 2017: -$2,524,1972017Revenue 2018: $1,048,265Expenses 2018: $2,254,955Net Income 2018: -$1,206,6902018Revenue 2019: $1,425,789Expenses 2019: $1,694,722Net Income 2019: -$268,9332019Revenue 2020: $1,160,102Expenses 2020: $1,425,422Net Income 2020: -$265,3202020Revenue 2021: $539,028Expenses 2021: $1,275,238Net Income 2021: -$736,2102021Revenue 2022: $5,196,911Expenses 2022: $1,586,736Net Income 2022: $3,610,1752022Revenue 2023: $414,038Expenses 2023: $1,722,761Net Income 2023: -$1,308,7232023Revenue 2024: -$921,418Expenses 2024: $1,536,755Net Income 2024: -$2,458,1732024

Highlighted filing

2018

Revenue$1,048,265
Expenses$2,254,955
Net Income-$1,206,690
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$2,560,023
Mission and Program Overview

Mission

The indiana university research and technology corporation (iurtc) serves indiana university, the state of indiana, and the nation through creation and application of the university developed technologies and services, and the expanded linkage of the private sector to the university. Iurtc has assisted the university and its faculty in patenting and advancing university technology through licensing with existing companies, and establishing new companies.

The indiana university research and technology corporation (iurtc) serves indiana university, the state of indiana, and the nation through creation and application of the university developed technologies and services, and the expanded linkage of the private sector to the university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$14,009,677$13,203,651▼ $806,026
Investments Other Securities$5,985,875$5,574,303▼ $411,572
Pledges and Grants Receivable$316,389$106,318▼ $210,071
Accounts Receivable$669,195$81,357▼ $587,838
Land, Buildings, and Equipment, Net$706,453$10,020▼ $696,433
Prepaid Expenses and Deferred Charges$22,666$8,652▼ $14,014
Total Assets$21,768,090$18,984,301▼ $2,783,789
Other Assets Total$57,835$0▼ $57,835
Liabilities
Other Liabilities$2,339,210$615,541▼ $1,723,669
Accounts Payable and Accrued Expenses$1,194,713$95,329▼ $1,099,384
Total Liabilities$3,533,923$710,870▼ $2,823,053
Net Assets / Fund Balance
Unrestricted Net Assets$17,917,778$18,167,113▲ $249,335
Temporarily Rstr Net Assets$316,389$106,318▼ $210,071
Total Net Assets Fund Balance$18,234,167$18,273,431▲ $39,264
Total Liabilities and Net Assets / Fund Balance$21,768,090$18,984,301▼ $2,783,789

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,020$1,323$11,343
Other Securities$350,000--
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ken GreenVP of Entrepreneurial VentFT$198,155$26,842$224,997
Michael BurtonCFOFT$142,178$36,449$178,627

Board Members and Trustees

NameTitle
Bill StephanBoard Chair
Anthony ArmstrongPresident and CEO
Fred CateVice Chair
David JohnsonMember
David RussomannoMember
Edward SagebielMember
Elizabeth HagermanMember
Gary AndersonMember
Harry GonsoMember
Idalene KesnerMember
Jane NiederbergerMember
Jay HessMember
Raj AcharyaMember
Teri WilleyMember
Theodore WidlanskiMember
Charles SchalliolTreasurer
William StephanVP of Engagement
Brad WheelerVP of Information Technology

Highest Paid Contractors

ContractorServicesLocationCompensation
Faegre Baker & DanielsLegal600 E 96TH ST SUITE 600, Indianapolis, IN 46240$730,073
Barnes & Thornburg LLCLegal11 S MERIDIAN ST, Indianapolis, IN 46204$595,960
Stinson Leonard StreetLegalPO BOX 843052, Kansas City, MO 64184$422,026
Quarles & BradyLegal411 EAST WISCONSIN AVE, Milwaukee, WI 53202$265,840
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,623,042
Investment Income
$-515,746
Other Revenue
$-59,031
Change in Net Assets
$-1,206,690

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,121,299
Revenue Not Reported on Financial Statements
$-73,034
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-73,034
Total Revenue per Audited Statements
$1,121,299
Total Revenue per Form 990
$1,048,265
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$958,094
Salaries, Compensation, and Employee Benefits$684,478
Other Expenses$612,383
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$958,094--$958,094
Current Officers, Directors, Trustees, and Key Employees$238,137$165,485-$403,622
Other Salaries and Wages$214,232$-2,929-$211,303
Fees for Services Other$140,752$25,000-$165,752
Office Expenses$122,636$23,772-$146,408
Advertising$63,757$1,090-$64,847
Fees for Services Legal$48,228$14,702-$62,930
Information Technology$40,859$11,098-$51,957
Fees for Services Accounting$2,500$41,300-$43,800
Insurance$13,514$25,907-$39,421
Payroll Taxes$25,567$9,589-$35,156
Other Employee Benefits$5,970$12,903-$18,873
Depreciation Depletion-$16,217-$16,217
Pension Plan Contributions$15,811$-287-$15,524
Travel$7,969$5,386-$13,355
Other Expenses$109,031$-109,031-$0
Total Functional Expenses$2,012,709$242,246$0$2,254,955

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,254,955
Expenses per Audited Statements$1,296,861
Total Expenses per Audited Statements$1,296,861
Expenses Not Reported on Financial Statements$958,094
Other Expense Adjustments$958,094
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Indiana UniversityBloomington, IN501(c)(3)Indiana University Taking Over the Program$317,488
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
RELATED PARTY PAYABLE: UNIVERSITY$615,541
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

“The organizations articles of incorporation and bylaws were amended on 8/10/2017. The purpose and powers sections were updated to reflect iurtc's current role working with indiana university after the tech commercialization services were transferred back to iu on 7/1/2017. The bylaws changed the number of directors and listed appointed directors.”

Form 990, Part VI, Section B, Line 11B

“Finance and audit committe reviews and approves the form 990.”

Form 990, Part VI, Section B, Line 12C

“The board is responsible for monitoring compliance with the conflict of interest policy.”

Form 990, Part VI, Section B, Line 15

“The compensation for the ceo senior leaders of iurtc will be determined and reviewed by the compensation committtee of the board.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Indiana University Research & Technology
EIN
35-1990726
Phone
3172781911
Address
518 INDIANA AVENUE, INDIANAPOLIS, IN 46202

Signing Officer

Name
Anthony T Armstrong
Title
CEO
Phone
3172781911
Signed
2019-05-14

Organization Details

Principal Officer
Anthony T Armstrong
Formed
1996
Legal Domicile
In
Voting Board Members
17
Independent Board Members
7
Employees
21
Volunteers
0

Preparer

Firm
Greenwalt Cpas Inc
Address
5342 W VERMONT STREET, INDIANAPOLIS, IN 46224
Preparer
Amanda Meko CPA
Phone
3172412999
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“K-1 (gain) loss not reported on financial statements 73,034.”

Part XII, Line 2C

“The audit committee assumes oversight for the financial statements. No processes have changed from the prior year.”

Part V, Line 1C

“No gaming activities conducted by the organization.”

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Adjustment for income (loss) from passthrough entities -73,034.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Transfer assets of iuucr, llc to indiana university 958,094.”

Raw XML AppendixShowing 400 of 873 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt12162549
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1430592
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1594587
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1736449
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IRS990/Form990PartVIISectionAGrp/PersonNm0ANTHONY ARMSTRONG
IRS990/Form990PartVIISectionAGrp/PersonNm1TERI WILLEY
IRS990/Form990PartVIISectionAGrp/PersonNm2CHARLES SCHALLIOL
IRS990/Form990PartVIISectionAGrp/PersonNm3ELIZABETH HAGERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVID JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm5DAVID RUSSOMANNO
IRS990/Form990PartVIISectionAGrp/PersonNm6EDWARD SAGEBIEL
IRS990/Form990PartVIISectionAGrp/PersonNm7RAJ ACHARYA
IRS990/Form990PartVIISectionAGrp/PersonNm8GARY ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm9HARRY GONSO
IRS990/Form990PartVIISectionAGrp/PersonNm10IDALENE KESNER
IRS990/Form990PartVIISectionAGrp/PersonNm11JANE NIEDERBERGER
IRS990/Form990PartVIISectionAGrp/PersonNm12JAY HESS
IRS990/Form990PartVIISectionAGrp/PersonNm13BILL STEPHAN
IRS990/Form990PartVIISectionAGrp/PersonNm14THEODORE WIDLANSKI
IRS990/Form990PartVIISectionAGrp/PersonNm15FRED CATE
IRS990/Form990PartVIISectionAGrp/PersonNm16KEN GREEN
IRS990/Form990PartVIISectionAGrp/PersonNm17MICHAEL BURTON
IRS990/Form990PartVIISectionAGrp/PersonNm18WILLIAM STEPHAN
IRS990/Form990PartVIISectionAGrp/PersonNm19BRAD WHEELER
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16198155
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17142178
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0239002
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10410685
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt12681370
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt14203203
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt15374287
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt18357144
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt19552610
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP OF ENTREPRENEURIAL VENT
IRS990/Form990PartVIISectionAGrp/TitleTxt17CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP OF ENGAGEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt19VP OF INFORMATION TECHNOLOGY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-146350
IRS990/GainOrLossGrp/SecuritiesAmt0-393569
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0958094
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0958094
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0971839
IRS990/GrossReceiptsAmt02560023
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt011098
IRS990/InformationTechnologyGrp/ProgramServicesAmt040859
IRS990/InformationTechnologyGrp/TotalAmt051957
IRS990/InsuranceGrp/ManagementAndGeneralAmt025907
IRS990/InsuranceGrp/ProgramServicesAmt013514
IRS990/InsuranceGrp/TotalAmt039421
IRS990/InvestmentIncomeGrp/ExclusionAmt024173
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt024173
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt05985875
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt05574303
IRS990/IRPDocumentCnt0113
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01323
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0706453
IRS990/LandBldgEquipBasisNetGrp/EOYAmt010020
IRS990/LandBldgEquipCostOrOtherBssAmt011343
IRS990/LegalDomicileStateCd0IN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0146350
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01365408
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE INDIANA UNIVERSITY RESEARCH AND TECHNOLOGY CORPORATION (IURTC) SERVES INDIANA UNIVERSITY, THE STATE OF INDIANA, AND THE NATION THROUGH CREATION AND APPLICATION OF THE UNIVERSITY DEVELOPED TECHNOLOGIES AND SERVICES, AND THE EXPANDED LINKAGE OF THE PRIVATE SECTOR TO THE UNIVERSITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt018234167
IRS990/NetAssetsOrFundBalancesEOYAmt018273431
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-393569
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-146350
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-539919
IRS990/NetUnrelatedBusTxblIncmAmt0-624302
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt023772
IRS990/OfficeExpensesGrp/ProgramServicesAmt0122636
IRS990/OfficeExpensesGrp/TotalAmt0146408
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt057835
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt073034
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012903
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt05970
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018873
IRS990/OtherExpensesGrp/Desc0DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1PRINTING
IRS990/OtherExpensesGrp/Desc2IPVF - OTHER
IRS990/OtherExpensesGrp/Desc3PERSONNEL COST ALLOCATI
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02016
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt128
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2-109031
IRS990/OtherExpensesGrp/ProgramServicesAmt05572
IRS990/OtherExpensesGrp/ProgramServicesAmt180
IRS990/OtherExpensesGrp/ProgramServicesAmt2109031
IRS990/OtherExpensesGrp/TotalAmt07588
IRS990/OtherExpensesGrp/TotalAmt180
IRS990/OtherExpensesGrp/TotalAmt228
IRS990/OtherExpensesGrp/TotalAmt30
IRS990/OtherLiabilitiesGrp/BOYAmt02339210
IRS990/OtherLiabilitiesGrp/EOYAmt0615541
IRS990/OtherRevenueMiscGrp/BusinessCd0541900
IRS990/OtherRevenueMiscGrp/BusinessCd1541900
IRS990/OtherRevenueMiscGrp/Desc0MANAGEMENT FEES - IIF
IRS990/OtherRevenueMiscGrp/Desc1K-1 INCOME FROM PASS THROUGH ENTI
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0197600
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1-256631
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0197600
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt1-256631
IRS990/OtherRevenueTotalAmt0-59031
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0-2929
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0214232
IRS990/OtherSalariesAndWagesGrp/TotalAmt0211303
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09589
IRS990/PayrollTaxesGrp/ProgramServicesAmt025567
IRS990/PayrollTaxesGrp/TotalAmt035156
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0-287
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt015811
IRS990/PensionPlanContributionsGrp/TotalAmt015524
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0316389
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0106318
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt022666
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08652
IRS990/PrincipalOfficerNm0ANTHONY T ARMSTRONG
IRS990/PriorPeriodAdjustmentsAmt01172920
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541610
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/Desc0MANAGEMENT FEES IU CONTRACT REVEN
IRS990/ProgramServiceRevenueGrp/Desc1OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01000000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1623042
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01000000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1623042
IRS990/ProgSrvcAccomActy2Grp/Desc0THE QUARRY - THE QUARRY PROGRAM IS ESTABLISHED TO FULLY REALIZE THE BENEFITS OF UNIVERSITY INNOVATIONS THROUGH START-UP COMPANY FORMATION AND SUPPORT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0249622
IRS990/ProgSrvcAccomActy3Grp/Desc0TECHNOLOGY COMMERCIALIZATION PROMOTES THE TRANSFER OF NEW DISCOVERIES FROM THE LABORATORY TO THE MARKETPLACE THROUGH PATENTING AND LICENSING OF UNIVERSITY INVENTIONS. TECHNOLOGY COMMERCIALIZATION FORMS KEY PARTNERSHIPS WITH CORPORATIONS AND BUSINESS ASSISTANCE PROVIDERS TO ENSURE THAT A PRODUCT, FORMULA, OR PROCESS IS VIABLE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0141879
IRS990/ProgSrvcAccomActyOtherGrp/Desc0STRATEGIC PARTNERSHIPS - THE IURTC ENGAGES WITH PARTNERS AND ORGANIZATION ACROSS ALL SECTORS OF INDIANA BUSINESSES TO PROVIDE RELEVANT AND CONTEMPORARY EXPERTISE AND SERVICES.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1IU INTERNATIONAL CONSULTING AND RESEARCH, LLC (IUICR) - TRANSERRED TO INDIANA UNIVERSITY ON JULY 1, 2017.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt097843

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,984,301
Liabilities
$710,870
Net assets
$18,273,431
Revenue
$1,048,265
Expenses
$2,254,955
Net income
-$1,206,690
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.3$0.57$16.8$0.92$1.54$2.46
2023Detailed filing. Detailed filing data is available for this year.$20.1$0.55$19.5$0.41$1.72$1.31
2022Detailed filing. Detailed filing data is available for this year.$21.3$0.58$20.7$5.20$1.59$3.61
2021Detailed filing. Detailed filing data is available for this year.$17.7$0.62$17.1$0.54$1.28$0.74
2020Detailed filing. Detailed filing data is available for this year.$18.4$0.54$17.8$1.16$1.43$0.27
2019Detailed filing. Detailed filing data is available for this year.$18.6$0.67$18.0$1.43$1.69$0.27
2018Detailed filing. Detailed filing data is available for this year.$19.0$0.71$18.3$1.05$2.25$1.21
2017Detailed filing. Detailed filing data is available for this year.$21.8$3.53$18.2$2.87$5.39$2.52
2016Detailed filing. Detailed filing data is available for this year.$24.3$2.19$22.1$4.40$6.74$2.34
2015Detailed filing. Detailed filing data is available for this year.$32.0$4.63$27.4$4.43$5.70$1.27
2014Detailed filing. Detailed filing data is available for this year.$30.3$2.04$28.3$2.64$6.09$3.45
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.6$2.88$30.7$5.80
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.2$3.30$32.9$6.64
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.3$7.02$33.3$4.86