UNIVERSITY ENTERPRISE LABORATORIES INC Charity Report

Public IRS 990 nonprofit record

UNIVERSITY ENTERPRISE LABORATORIES INC

EIN 41-2093194 · Biological & Life Sciences (U50)

What they do

SEE SCHEDULE O.UNIVERSITY ENTRPRISE LABORATORIES (UEL) is ORGANIZED for CHARITABLE, EDUCATIONAL, and SCIENTIFIC PURPOSES. IT SERVES AS A LABORATORY-BASED INCUBATOR for EMERGING LIFE SCIENCE COMPANIES BY PROVIDING ACCESS to WORLD-CLASS LABORATORY FACILITIES, SHARED EQUIPMENT, BUSINESS and ENTREPRENEURSHIP TRAINING, A COMMUNITY of STARTUPS, and COLLABORATION WITH UNIVERSITY-BASED RESEARCHERS. IT ALSO SUPPORTS STUDENT WORK EXPERIENCE THROUGH INTERNSHIP OPPORTUNITIES, and TECHNOLOGY TRANSFER WITH THE UNIVERSITY of MINNESOTA. IT is ORGANIZED and WILL CONTINUE TOBE OPERATED to PROMOTE, ENCOURAGE, and AID SCIENTIFIC INVESTIGATION, RESEARCH, TECHNOLOGICAL ADVANCEMENT, EDUCATIONAL OPPORTUNITIES, and ENTREPRENEURSHIP; PROMOTE, ENCOURAGE and AID IN THE MUTUAL TRANSFER and APPLICATION of SCIENTIFIC INVESTIGATION and RESEARCH, TECHNOLOGICALADVANCEMENT, and EDUCATIONAL OPPORTUNITIES IN COLLABORATION WITH EDUCATIONAL and RESEARCH INSTITUTIONS, INDUSTRY, BUSINESS, and GOVERNMENT.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $94.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders13 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

90.77%of revenue went to mission work94.4% of expenses · Program services

$96.17spent for every $100 of revenueRevenue covered expenses this year.

5.40%of revenue went to management and office costs5.6% of expenses

$4.89in assets for every $1 spent this yearSome assets cannot be spent right away.

0.7%of its money came from giftsOther money may come from services or investments.

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Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$4,485,387

Mission workProgram services$4,071,27890.77% of revenue94.4% of expenses

ManagementOffice and general costs$242,1265.40% of revenue5.6% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$171,9833.83% of revenueShown in gray on the chart

Total expenses$4,313,40496.17% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 94.4% mission · 5.6% management · 0.0% fundraisingTotal expenses: 96.17% of revenue

2023Expense mix: 94.7% mission · 5.3% management · 0.0% fundraisingTotal expenses: 99.54% of revenue

2022Expense mix: 93.9% mission · 6.1% management · 0.0% fundraisingTotal expenses: 106.12% of revenue

2021Expense mix: 94.7% mission · 5.3% management · 0.0% fundraisingTotal expenses: 105.46% of revenue

2020Expense mix: 94.7% mission · 5.3% management · 0.0% fundraisingTotal expenses: 108.01% of revenue

2019Expense mix: 94.5% mission · 5.5% management · 0.0% fundraisingTotal expenses: 116.19% of revenue

2018Expense mix: 93.7% mission · 6.3% management · 0.0% fundraisingTotal expenses: 104.14% of revenue

2017Expense mix: 95.2% mission · 4.8% management · 0.0% fundraisingTotal expenses: 99.20% of revenue

Money in and money out

Revenue$4,485,387

Expenses$4,313,404

Annual surplus $171,983 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$4,071,278 · 94.4% of expenses

Management and office costs$242,126 · 5.6% of expenses

See all reported dollar amounts

Revenue$4,485,387

Expenses$4,313,404

Assets$21,109,147

Income$4,485,387

Contributions$33,333

Mission work (program services)$4,071,278

Management and general$242,126

Accounting fees$70,761

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (13)

ANDY LAFRENCEPAST CHAIR

BARBARA NELSENCHAIR

BRAD LARMIEEXECUTIVE DIRECTOR

DENISE HOLLOMANDIRECTOR

FRANK JASKULKEDIRECTOR

JESSICA MOGILKAVICE CHAIR

KRISTIN GUILDSECRETARY

LISA HERRON-OLSONDIRECTOR

MICHAEL GIETLTREASURER

PAT MASCIADIRECTOR

ROBERT ELDEDIRECTOR

STEVE KELLEYDIRECTOR

STEVE MERTENSDIRECTOR

About this charity

Recognized since: January 2003
Location: 1000 WESTGATE DRIVE SUITE 101, ST PAUL, MN 55114
County: Ramsey
In care of: MICHAEL GIETL
Primary officer: MICHAEL GIETL, TREASURER

How to reach them

WebsiteVisit the charity’s website Emailinfo@uelmn.org Phone(651) 641-2800

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: BAKER TILLY ADVISORY GROUP LP
NTEE classification: Biological & Life Sciences (U50)
IRS tax category: Biological & Life Sciences