AUTM FOUNDATION: Form 990EZ, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- AUTM FOUNDATION (EIN 14-2000899)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-09
- IRS object ID
- 202313139349200916
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-09T09:02:17-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 561743537 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LANGDON & COMPANY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 223 US HIGHWAY 70 EAST SUITE 100 | AddressLine1Txt |
| City | GARNER | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 275294051 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 142000899 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AUTM FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | AUTM | BusinessNameControlTxt |
| Phone | 2029601800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 712 H STREET NE SUITE 1611 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20002 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | COLLEEN LOEFFLER | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 9193035874 | PhoneNum |
| Signature | 2023-11-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | COLLEEN | PersonFirstNm |
| Person Last | LOEFFLER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SUSAN DEAN | PreparerPersonNm |
| PTIN | P01281194 | PTIN |
| Phone | 9196621001 | PhoneNum |
| Preparation | 2023-11-08 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Website Address | HTTPS://AUTMFOUNDATION.COM/ | WebsiteAddressTxt |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Gross Receipts | $130,867 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $110,050 | ContributionsGiftsGrantsEtcAmt |
| Investment Income | $20,817 | InvestmentIncomeAmt |
| Total Revenue | $130,867 | TotalRevenueAmt |
| Grants And Similar Amounts Paid | $84,725 | GrantsAndSimilarAmountsPaidAmt |
| Fees And Other Pymt To Ind Cntrct | $36,853 | FeesAndOtherPymtToIndCntrctAmt |
| Other Expenses Total | $5,842 | OtherExpensesTotalAmt |
| Total Expenses | $127,420 | TotalExpensesAmt |
| Excess Or Deficit For Year | $3,447 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $148,595 | NetAssetsOrFundBalancesBOYAmt |
| Other Changes In Net Assets | -$39,575 | OtherChangesInNetAssetsAmt |
| Net Assets Or Fund Balances EOY | $112,467 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $215,190 | BOYAmt |
| EOY | $173,331 | EOYAmt |
Other Assets Total Detail OtherAssetsTotalDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $743 | BOYAmt |
| EOY | $12,000 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $215,933 | BOYAmt |
| EOY | $185,331 | EOYAmt |
Sum Of Total Liabilities SumOfTotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,338 | BOYAmt |
| EOY | $72,864 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $148,595 | BOYAmt |
| EOY | $112,467 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Primary Exempt Purpose | BUILD A BETTER WORLD BY ADVANCING TECHNOLOGY TRANSFER GLOBALLY. THE FOUNDATION'S PRIMARY OBJECTIVES ARE TO: - INCREASE AWARENESS BY SHARING THE IMPACT AND IMPORTANCE OF TECHNOLOGY TRANSFER AND ECONOMIC DEVELOPMENT ADVOCACY - SUPPORT THE TECHNOLOGY TRANSFER PROCESS FROM THE LABORATORY TO THE MARKETPLACE - PROMOTE TRAINING AND MENTORSHIP IN THE TECHNOLOGY TRANSFER FIELD FOR PROFESSIONALS AT EVERY CAREER STAGE - BUILD THE ASSOCIATION'S CAPACITY TO PROVIDE EXPERTISE AND PROGRAMS BY ENGAGING ACADEMIC AND INDUSTRY LEADERS | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Program Srvc Accom | TECHNOLOGY TRANSFER TRAINING PROGRAM: THERE IS A DEMAND FOR WELL TRAINED TECHNOLOGY TRANSFER PROFESSIONALS WITH STRONG SCIENTIFIC BACKGROUNDS SPECIALIZING IN INVENTION DISCLOSURE AND ASSESSMENT, INTELLECTUAL PROPERTY MANAGEMENT, MARKETING, LICENSING, STARTUP COMPANY CREATION, OPERATIONS, AND LEADERSHIP. HOWEVER, THESE PROFESSIONS REQUIRE SUBSTANTIAL INDUSTRY TRAINING BEYOND ADVANCED EDUCATION AND RESEARCH. THE AUTM FOUNDATION HAS DEVELOPED A CAREER-ENHANCING PROGRAM DESIGNED TO PROVIDE SUCH TRAINING FOR SCIENCE AND ENGINEER STUDENTS INTERESTED IN ACADEMIC TECHNOLOGY TRANSFER. THE AUTM FOUNDATION CONTINUES TO ENHANCE CURRENT EDUCATIONAL COURSES, WHILE ALSO DEVELOPING NEW TRAINING OPPORTUNITIES THAT REFLECT THE EVOLVING NEEDS OF THE GROWING TECHNOLOGY TRANSFER PROFESSION. | DescriptionProgramSrvcAccomTxt |
| Grants And Allocations | $84,725 | GrantsAndAllocationsAmt |
| Program Service Expenses | $127,420 | ProgramServiceExpensesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $127,420 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (6 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|
| COLLEEN LOEFFLER | ||
| EXECUTIVE DI | 5.00 | $0 |
| YATIN KARPE | ||
| CHAIR | 1.00 | $0 |
| KATIE POLLARD | ||
| TREASURER | 1.00 | $0 |
| NICHOLE MERCIER | ||
| SECRETARY | 1.00 | $0 |
| GEORGE CHELLAPA | ||
| DIRECTOR | 1.00 | $0 |
| NICOLE MERLI | ||
| DIRECTOR | 1.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | false | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | false | OrganizationHadUBIInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Form1120 Pol Filed | false | Form1120PolFiledInd |
| Made Loans To From Officers | false | MadeLoansToFromOfficersInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 501 FINANCIAL MANAGEMENT LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2549 WAUKEGAN RD 210 | AddressLine1Txt |
| City | BANNOCKBURN | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60015 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8479755304 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Foreign Office | false | ForeignOfficeInd |
| Donor Advised Fnds | false | DonorAdvisedFndsInd |
| Operate Hospital | false | OperateHospitalInd |
| Tanning Services Provided | false | TanningServicesProvidedInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| School Operating | false | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Part VI Of Comp Of Hghst Pd Empl | NONE | PartVIOfCompOfHghstPdEmplTxt |
| Part VI Hghst Pd Cntrct Prof Srvc | NONE | PartVIHghstPdCntrctProfSrvcTxt |
| Filed Schedule A | Yes (true) | FiledScheduleAInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $492,761 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $768,243 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $18,449 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $53,672 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $110,050 | CurrentTaxYearAmt |
| Total | $1,443,175 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $492,761 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $768,243 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $18,449 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $53,672 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $110,050 | CurrentTaxYearAmt |
| Total | $1,443,175 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $1,443,175 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $1,943 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,734 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $20,817 | CurrentTaxYearAmt |
| Total | $27,494 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $1,470,669 | TotalSupportAmt |
| Public Support CY170 | 0.98130 | PublicSupportCY170Pct |
| Public Support PY170 | 0.99590 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990-EZ, PART I, LINE 10 | CASH CONTRIBUTION: 84,725 |
| FORM 990-EZ, PART I, LINE 16 | EXPENSES OFFICE 96 INSURANCE 547 BANK FEES 593 MEMBERSHIP 1,730 MISCELLANEOUS 1,471 SOFTWARE & WEB 677 INVESTMENT FEES 728 TOTAL 5,842 |
| FORM 990-EZ, PART I, LINE 20 | UNREALIZED LOSS ON INVESTMENTS -39,575 |
| FORM 990-EZ, PART II, LINE 24 | PLEDGES RECEIVABLE 0 12,000 PREPAID EXPENSES AND DEFERRED CHARGES 743 0 TOTAL 743 12,000 |
| FORM 990-EZ, PART II, LINE 26 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 65,413 72,864 OTHER LIABILITIES 1,925 0 |
| FORM 990-EZ, PART III | BUILD A BETTER WORLD BY ADVANCING TECHNOLOGY TRANSFER GLOBALLY. THE FOUNDATION'S PRIMARY OBJECTIVES ARE TO: - INCREASE AWARENESS BY SHARING THE IMPACT AND IMPORTANCE OF TECHNOLOGY TRANSFER AND ECONOMIC DEVELOPMENT ADVOCACY - SUPPORT THE TECHNOLOGY TRANSFER PROCESS FROM THE LABORATORY TO THE MARKETPLACE - PROMOTE TRAINING AND MENTORSHIP IN THE TECHNOLOGY TRANSFER FIELD FOR PROFESSIONALS AT EVERY CAREER STAGE - BUILD THE ASSOCIATION'S CAPACITY TO PROVIDE EXPERTISE AND PROGRAMS BY ENGAGING ACADEMIC AND INDUSTRY LEADERS |
| FORM 990-EZ, PART III, LINE 28 | TECHNOLOGY TRANSFER TRAINING PROGRAM: THERE IS A DEMAND FOR WELL TRAINED TECHNOLOGY TRANSFER PROFESSIONALS WITH STRONG SCIENTIFIC BACKGROUNDS SPECIALIZING IN INVENTION DISCLOSURE AND ASSESSMENT, INTELLECTUAL PROPERTY MANAGEMENT, MARKETING, LICENSING, STARTUP COMPANY CREATION, OPERATIONS, AND LEADERSHIP. HOWEVER, THESE PROFESSIONS REQUIRE SUBSTANTIAL INDUSTRY TRAINING BEYOND ADVANCED EDUCATION AND RESEARCH. THE AUTM FOUNDATION HAS DEVELOPED A CAREER-ENHANCING PROGRAM DESIGNED TO PROVIDE SUCH TRAINING FOR SCIENCE AND ENGINEER STUDENTS INTERESTED IN ACADEMIC TECHNOLOGY TRANSFER. THE AUTM FOUNDATION CONTINUES TO ENHANCE CURRENT EDUCATIONAL COURSES, WHILE ALSO DEVELOPING NEW TRAINING OPPORTUNITIES THAT REFLECT THE EVOLVING NEEDS OF THE GROWING TECHNOLOGY TRANSFER PROFESSION. |