Nonprofit · EIN 39-1509154
UNIVERSITY RESEARCH PARK INC
Tax-exempt · MADISON, WI 53719
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $38,184,025 | $29,199,009 | $8,985,016 | $231,001,708 | $99,415,273 | $131,586,435 |
| December 31, 2023 | 990 | $24,013,921 | $16,455,230 | $7,558,691 | $223,776,319 | $104,177,971 | $119,598,348 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $36,305,267
- Investment income
- $1,770,835
- Net rental income
- $107,923
- Net gain from sales of assets
- $463,743
- Other revenue
- $107,923
Expenses
- Grants and similar amounts paid
- $1,686,042
- Compensation of officers, directors and key employees
- $1,795,735
- Other salaries and wages
- $172,708
- Salaries, compensation and benefits (total)
- $1,968,443
- Professional fundraising fees
- $0
- Legal fees
- $130,662
- Depreciation
- $7,597,382
- Program services (functional)
- $28,014,786
- Management and general (functional)
- $1,184,223
Balance sheet and other
- Total assets, start of year
- $223,776,319
- Total assets, end of year
- $231,001,708
- Total liabilities, end of year
- $99,415,273
- Net assets, end of year
- $131,586,435
- Land, buildings and equipment
- $172,486,737
- Publicly traded securities
- $34,423,706
- Net assets without donor restrictions
- $131,586,435
- Gross unrelated business income
- $107,923
- Gross receipts
- $43,352,782
- Employees
- 0
- Volunteers
- 13
- Year formed
- 1984
- State of legal domicile
- WI
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Aaron Olver | Assistant Secretary/Treasurer Officer | 40 | $332,960 | $54,987 |
| Paul Muench | Associate Director Key employee | 40 | $263,293 | $67,934 |
| Dave Cleary | Site & Civil Project Director Highest-paid employee | 40 | $173,026 | $67,886 |
| Pamarella Hetland | Chief Financial Officer Officer | 40 | $169,365 | $57,793 |
| Matthew McConnell | Assistant Director Highest-paid employee | 40 | $131,347 | $48,105 |
| Rory Holland | Project Manager Highest-paid employee | 40 | $125,284 | $24,291 |
| Quin Purkey | Staff Attorney Highest-paid employee | 40 | $109,794 | $30,588 |
| Ross Harmon | Accountant Highest-paid employee | 40 | $108,764 | $30,318 |
| Jennifer Mnookin | President Trustee or director, Officer | 2 | $0 | $0 |
| Thomas F Pyle | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| Paul Shain | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Susan Lubar | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Laurie Benson | Trustee Trustee or director | 2 | $0 | $0 |
| Aimee Davis | Trustee Trustee or director | 2 | $0 | $0 |
| Stephen Dickmann | Trustee Trustee or director | 2 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jan Eddy | Trustee Trustee or director | 2 | $0 |
| Matthew Younkle | Trustee Trustee or director | 2 | $0 |
| Jeff Keebler | Trustee Trustee or director | 2 | $0 |
| Jack Salzwedel | Trustee Trustee or director | 2 | $0 |
| Rockne Flowers | Trustee (Thru 05/2024) Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Aaron Olver | Assistant Secretary/Treasurer Officer | 40 | $311,507 | $51,680 |
| Paul Muench | Associate Director Officer | 40 | $233,726 | $59,603 |
| Pamarella Hetland | Chief Financial Officer Officer | 40 | $155,612 | $50,158 |
| Matthew McConnell | Assistant Director Highest-paid employee | 40 | $122,884 | $42,429 |
| Rory Holland | Project Manager Highest-paid employee | 40 | $117,212 | $22,730 |
| Jennifer Mnookin | President Trustee or director, Officer | 2 | $0 | $0 |
| Thomas F Pyle | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| Paul Shain | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Susan Lubar | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Laurie Benson | Trustee Trustee or director | 2 | $0 | $0 |
| Stephen Dickmann | Trustee Trustee or director | 2 | $0 | $0 |
| Jan Eddy | Trustee Trustee or director | 2 | $0 | $0 |
| Rockne G Flowers | Trustee Trustee or director | 2 | $0 | $0 |
| John Gransee | Trustee Trustee or director | 2 | $0 | $0 |
| Jeff Keebler | Trustee Trustee or director | 2 | $0 | $0 |
| Kyle Weatherly | Trustee Trustee or director | 2 | $0 | $0 |
| Matthew Younkle | Trustee Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 505 S ROSA RD STE 201, MADISON, WI 53719-1277
- In care of
- % PAMARELLA A HETLAND
- Principal officer (990 for 2024)
- AARON OLVER, 505 S Rosa Rd Suite 201, Madison, WI 53719
- Signed the 990
- AARON OLVER, MANAGING DIRECTOR
- Phone
- (608) 441-8000
- Return prepared by
- BDO USA
Mission
THE ORGANIZATION ACQUIRES, HOLDS, ADMINISTERS, AND DISTRIBUTES REAL AND PERSONAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY OF WISCONSIN (UW)-MADISON.
Program accomplishments
- RENTAL ACTIVITY OF REAL AND PERSONAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY.Expenses $26,326,322 · revenue $36,305,267
- CONTRIBUTIONS TO THE UW-MADISON FOR SPECIFIC PROJECTS AS REQUESTED BY THE UNIVERSITY.Expenses $1,639,707 · grants $1,639,707
- CHARITABLE CONTRIBUTIONS AND SUPPORT TO ORGANIZATIONS OTHER THAN UW-MADISONExpenses $46,335 · grants $46,335
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 39-1509154
- 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
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $231,001,708
- Income (IRS master file)
- $43,352,782
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $38,184,025 | $29,199,009 | $231,001,708 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $24,013,921 | $16,455,230 | $223,776,319 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $23,400,734 | $14,141,705 | $189,811,725 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 39-1509154).
Questions about UNIVERSITY RESEARCH PARK INC
- What is the EIN of UNIVERSITY RESEARCH PARK INC?
- The employer identification number (EIN) of UNIVERSITY RESEARCH PARK INC is 39-1509154.
- Is UNIVERSITY RESEARCH PARK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to UNIVERSITY RESEARCH PARK INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does UNIVERSITY RESEARCH PARK INC 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 RESEARCH PARK INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY RESEARCH PARK INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of UNIVERSITY RESEARCH PARK INC?
- The 990 for the year ended December 31, 2024 names AARON OLVER.
- Who are the officers and directors of UNIVERSITY RESEARCH PARK INC?
- The 990 for the year ended December 31, 2024 lists 20 people; 8 received compensation from the organization, the highest $332,960 (Aaron Olver, Assistant Secretary/Treasurer).
- How much revenue does UNIVERSITY RESEARCH PARK INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $38,184,025, expenses of $29,199,009 and total assets of $231,001,708 at year end.
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