UND CENTER FOR INNOVATION FOUNDATION
4200 James Ray Dr, Grand Forks, ND 58203

Total Revenue
$867,522
Total Expenses
$775,952
Net Assets
$7,864,845

Organizations Filed Purposes: To maintain national leadership in entrepreneur outreach and education, and become the leader in tech entrepreneurship in rural America.

To maintain national leadership in entrepreneur outreach & education.

The UND Center for Innovation Foundation is organized for the benefit of University of North Dakota, including the Center for Innovation and the School of Entrepreneurship within UND's College of Business and Public Administration. The Foundation owns the Ina Mae Rude Entrepreneur Center, a tech incubator facility that licenses space to tenants. The Ina Mae Rude Entrepreneur Center houses programming to support commercialization efforts for the University of North Dakota and the Center provides high-impact, experiential learning internships and experiences for UND students. The Foundation also enhances and promotes commerce in North Dakota through technical assistance and coaching for entrepreneurs and provides fiscal management and operational support for projects funded by state grants. The Foundation supports outreach programs and educational services in the field of entrepreneurship, commercializing technologies and business incubation and acceleration.

The Foundation operates the North Dakota/Minnesota EB-5 Regional Center Program. The EB5 5 program is an immigrant investor program focused on business development and job creation to stimulate economic activity, job creation and improvements in regional productivity through direct foreign investment. The program is administered by the US Citizenship and Immigration Service (USCIS) and the EB5 regional center is an entity approved by USCIS as a designated place to receive immigrant investor capital with new and emerging businesses. The North Dakota/Minnesota EB5 regional center received its designation in April 2011 and there are three portfolio companies with approximately 600 investors.

Student Run Enterprises (SRE) engages students from across all disciplines at the University of North Dakota in high-impact experiential learning focused on the development of entrepreneurial and innovation skills. The purpose of student run enterprises is to establish legacy small businesses for students to manage and operate so they refine and develop their entrepreneurial skills. The students are provided with weekly, dedicated mentorship from a Center for Innovation staff member as well as a UND faculty subject matter expert to monitor their progress and encourage reflective practice on their business decisions. Prodigy Marketing is the first SRE set up at the Center for Innovation which provides digital marketing and online support for start-up entrepreneurs.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Amy WhitneyDirector/Chief Executive Officer6$34,425
Gerald Van EeckhoutTrustee1$0
Howard DahlTrustee1$0
Lauris MolbertTrustee1$0
Kathy CochranTrustee1$0
Ed SchaferTrustee1$0
Phil GisiTrustee1$0
Linda PancratzVice Chair2$0
Dale MorrisonChair2$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202003189349312045_public.xml