Organizations Filed Purposes:
To promote, encourage, and foster the education and training services, scientific investigations, technology development, technology commercialization, and other related services of UND's Energy & Environmental Research Center, Grand Forks, North Dakota.
Advancing University of North Dakota EERC technology to the marketplace.
The EERC Foundation provides a dedicated infrastructure to support commercialization activities and houses the rights to technologies developed by the EERC. Through two decades of experience meeting a wide variety of unique client needs,the EERC Foundation has developed highly flexible and innovative approaches to a variety of business arrangements. These include tailored licensing and equity agreements that support the client's achieving a competitive edge. (Continued on Schedule O)The EERC and its partner, the EERC Foundation, are committed to commercialization. Spin-off businesses and high-tech and manufacturing jobs that pay well are some of the many fruits of successful commercialization efforts. The potential benefits of effective commercialization of EERC-developed technologies are enormous. Commercialization also secures work at the EERC through development contracts as well as by providing funding to assist in the development of commercially viable technology. The EERC Foundation investing cash in the EERC creates a virtuous cycle of economic growth. Equally important is the EERC Foundation's role in providing incentives for innovative work at the EERC. Under the State Board of Higher Education policy, inventors in a commercialized technology receive at least 30% of the net commercialization income. In essence, the EERC Foundation supports the EERC market-driven business model of a timely and seamless transition between the creation of the technology and its commercialization that leads to economic development. The EERC Foundation acts as the EERC's "commercialization catalyst." As of fiscal yearend June 30, 2020, the EERC Foundation has 13 active, issued US patents and 9 patents pending.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Mike Nasi | Member | 0.5 | $0 |
| Deanna Carlson Zink | Member | 0.5 | $0 |
| Chuck Mcconnell | Member | 0.5 | $0 |
| Robert Mclennan | Member | 0.5 | $0 |
| Jeff Hume | Member | 0.5 | $0 |
| Shannon Angielski | Member | 0.5 | $0 |
| Josh Klug | Secretary/Treasurer | 1 | $0 |
| David Straley | Vice President | 1 | $0 |
| Ron Ness | President | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202131319349303268_public.xml