Nonprofit · EIN 34-1972453
UNIVERSITY OF AKRON RESEARCH FOUNDATION
Tax-exempt · AKRON, OH 44325
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,778,758 | $1,802,950 | $975,808 | $11,207,703 | $2,108,615 | $9,099,088 |
| June 30, 2024 | 990 | $3,063,063 | $3,347,012 | -$283,949 | $11,346,354 | $3,539,536 | $7,806,818 |
| June 30, 2023 | 990 | $3,671,028 | $4,148,716 | -$477,688 | $12,153,009 | $4,484,464 | $7,668,545 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,380,107
- Investment income
- $548,315
- Other revenue
- $850,336
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $134,633
- Salaries, compensation and benefits (total)
- $182,944
- Professional fundraising fees
- $0
- Legal fees
- $595
- Accounting fees
- $65,656
- Occupancy
- $430,357
- Depreciation
- $192,288
- Program services (functional)
- $1,742,582
- Management and general (functional)
- $60,368
Balance sheet and other
- Total assets, start of year
- $11,346,354
- Total assets, end of year
- $11,207,703
- Total liabilities, end of year
- $2,108,615
- Net assets, end of year
- $9,099,088
- Land, buildings and equipment
- $2,853,599
- Gross receipts
- $2,778,758
- Employees
- 12
- Volunteers
- 7
- Year formed
- 2001
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| R J Nemer | Chairman Trustee or director | 0 | $0 | $403,860 | $61,177 |
| Suzanne Bausch | President Trustee or director | 3 | $0 | $254,903 | $34,763 |
| Brett Riebau | Treasurer Officer | 12 | $0 | $127,095 | $21,109 |
| Kelly Bialek | Executive Director Officer | 16 | $0 | $85,050 | $37,958 |
| Dennis Cocco | Director Trustee or director | 0 | $0 | $0 | $0 |
| Robert Cooper | Director Trustee or director | 0 | $0 | $0 | $0 |
| Samuel DeShazior | Director Trustee or director | 0 | $0 | $0 | $0 |
| Joseph Rich | Director Trustee or director | 0 | $0 | $0 | $0 |
| Ilene Shapiro | Director Trustee or director | 0 | $0 | $0 | $0 |
| Christopher Thompson | Director Trustee or director | 0 | $0 | $0 | $0 |
| Thomas Waltermire | Director Trustee or director | 0 | $0 | $0 | $0 |
| Bryan Williams | Director Trustee or director | 0 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Gary Miller | Chairman Trustee or director | 0 | $0 | $535,291 | $65,355 |
| Suzanne Bausch | President Trustee or director | 0 | $0 | $252,403 | $36,087 |
| Kendall Martis | Treasurer Officer | 40 | $74,788 | $0 | $19,439 |
| Elyse Ball | Secretary Officer | 40 | $62,198 | $0 | $5,089 |
| Dennis Cocco | Director Trustee or director | 0 | $0 | $0 | $0 |
| Robert Cooper | Director Trustee or director | 0 | $0 | $0 | $0 |
| Samuel DeShazior | Director Trustee or director | 0 | $0 | $0 | $0 |
| Joseph Rich | Director Trustee or director | 0 | $0 | $0 | $0 |
| Ilene Shapiro | Director Trustee or director | 0 | $0 | $0 | $0 |
| Christopher Thompson | Director Trustee or director | 0 | $0 | $0 | $0 |
| Thomas Waltermire | Director Trustee or director | 0 | $0 | $0 | $0 |
| Bryan Williams | Director Trustee or director | 0 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Gary Miller | Chairman Trustee or director | – | $0 | $531,160 | $63,217 |
| Phil Allen | Director Trustee or director | – | $0 | $205,730 | $44,908 |
| Sue Bausch | President Trustee or director, Former | – | $0 | $105,660 | $14,626 |
| Elyse Ball | Secretary Officer | 40 | $110,000 | $0 | $0 |
| Kendall Martis | Treasurer Officer | 40 | $74,709 | $0 | $13,310 |
| Thomas Waltermire | Director Trustee or director | – | $0 | $0 | $0 |
| Chris Thompson | Director Trustee or director | – | $0 | $0 | $0 |
| Ilene Shapiro | Director Trustee or director | – | $0 | $0 | $0 |
| Joe Rich | Director Trustee or director | – | $0 | $0 | $0 |
| Robert Cooper | Director Trustee or director | – | $0 | $0 | $0 |
| Joseph Gingo | Director Trustee or director | – | $0 | $0 | $0 |
| Bryan Williams | Director Trustee or director | – | $0 | $0 | $0 |
| Dennis Coco | Director Trustee or director | – | $0 | $0 | $0 |
| Sam DeShazior | Director Trustee or director | – | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 170 UNIVERSITY AVE SUITE 312, AKRON, OH 44325-0044
- In care of
- % ELYSE N BALL
- Principal officer (990 for 2024)
- Dr Suzanne Bausch, Goodyear Polymer Center Ste 312, Akron, OH 443252103
- Signed the 990
- Brett Riebau, Treasurer
- Phone
- (330) 972-8054
Mission
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.
Program accomplishments
- Research Support for faculty and students and facilitate experimental testing for the University of Akron.Expenses $185,174 · revenue $274,320
- To promote, encourage, and provide assistance to research and licensing activities of The University of Akron's faculty, staff, and students.Expenses $448,627 · revenue $710,558
- Office space rental for start up corporations and other external agencies.Expenses $599,245 · revenue $601,736
- Other activitiesExpenses $509,536 · revenue $1,192,144
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 34-1972453
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2003
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B02)
- Assets (IRS master file)
- $11,207,703
- Income (IRS master file)
- $2,778,758
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,778,758 | $1,802,950 | $11,207,703 | XML |
| 990 | June 2024 | $3,063,063 | $3,347,012 | $11,346,354 | IRS |
| 990 | June 2023 | $3,671,028 | $4,148,716 | $12,153,009 | XML |
| 990 | June 2022 | $3,711,424 | $3,589,647 | $12,543,430 | IRS |
| 990 | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-1972453).
Questions about UNIVERSITY OF AKRON RESEARCH FOUNDATION
- What is the EIN of UNIVERSITY OF AKRON RESEARCH FOUNDATION?
- The employer identification number (EIN) of UNIVERSITY OF AKRON RESEARCH FOUNDATION is 34-1972453.
- Is UNIVERSITY OF AKRON RESEARCH FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to UNIVERSITY OF AKRON RESEARCH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does UNIVERSITY OF AKRON RESEARCH FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNIVERSITY OF AKRON RESEARCH FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY OF AKRON RESEARCH FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of UNIVERSITY OF AKRON RESEARCH FOUNDATION?
- The 990 for the year ended June 30, 2025 names Dr Suzanne Bausch.
- Who are the officers and directors of UNIVERSITY OF AKRON RESEARCH FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does UNIVERSITY OF AKRON RESEARCH FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,778,758, expenses of $1,802,950 and total assets of $11,207,703 at year end.
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