UNIVERSITY ENTERPRISE LABORATORIES INC

SAINT PAUL, MN, 55114-8612 (651) 641-2800 Est. 2002 EIN 41-2093194

U50— Science & Technology Form 990 501(c)(3)

WWW.UELMN.ORG

Mission

THE MISSION OF THE UNIVERSITY ENTERPRISE LABORATORIES IS TO SUPPORT EARLY-STAGE VENTURES IN LIFE SCIENCES TO GROWTH AND COMMERCIAL SUCCESS THROUGH CONNECTIONS, SERVICES, AND WORLD-CLASS LABORATORY FACILITIES IN MINNESOTA'S ENTREPRENEURSHIP ECOSYSTEM.

Financials

Total Revenue

$4,485,387

Total Expenses

$4,313,404

Net Assets

$4,506,495

12 volunteers

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

12.5 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 8.6%

Expenses ↑ 4.9%

Revenue Sources

Contributions 0.7% Earned revenue 99.2%

Expense Breakdown

Program 94.4% Management 5.6%

Officers & Key Employees (13)

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Grants Received (1)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2024 Form 990 Jan 1, 2024 to Dec 31, 2024	$4,485,387 ↑	$4,313,404	$4,506,495
2023 Form 990 Jan 1, 2023 to Dec 31, 2023	$4,130,870 ↑	$4,111,798	$4,334,512
2022 Form 990 Jan 1, 2022 to Dec 31, 2022	$3,975,153 ↑	$4,218,403	$4,315,440
2020 Form 990 Jan 1, 2020 to Dec 31, 2020	$3,796,390 ↑	$4,100,636	$4,771,206
2019 Form 990 Jan 1, 2019 to Dec 31, 2019	$3,206,518 ↑	$3,725,765	$5,075,452
2018 Form 990 Jan 1, 2018 to Dec 31, 2018	$2,878,531	$2,997,605	$5,594,699