University of Akron Research Foundation

University of Akron Research Foundation

Akron, OH, US
501(c)3
EIN
34-1972453
Management & Technical Assistance

University of Akron Research Foundation

Akron, OH, US
501(c)3
EIN
34-1972453
Management & Technical Assistance

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2025

$2,778,758

Program Services
50%
Other
31%
Investments
20%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025

$1,802,950

Other
49%
Offices, Occupancy & IT
25%
Depreciation
11%
Salaries & Benefits
10%
Fees to Service Providers
5%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$1,803,959
$1,380,107
-23%
Membership Dues
$0
$0
-
Investments
$172,697
$548,315
+218%
Other
$1,086,407
$850,336
-22%
Total Revenues
$3,063,063
$2,778,758
-9%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$563,435
$182,944
-68%
Fees to Service Providers
$254,694
$95,709
-62%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$126,051
$453,512
+260%
Interest
$79,702
$0
-100%
Depreciation
$163,112
$192,288
+18%
Other
$2,160,018
$878,497
-59%
Total Expenses
$3,347,012
$1,802,950
-46%
Net income
2024
2025
Change
Net income
-$283,949
+$975,808
-444%
Functional Expenses
Summary
2024
2025
Change
Program
$3,099,277
$1,742,582
-44%
Admin
$247,735
$60,368
-76%
Fundraising
$0
$0
-
Total Expenses
$3,347,012
$1,802,950
-46%
Income Statement
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