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Atip Foundation Llc

Atip Foundation Llc

Arlington, TX 76013
Tax ID45-2803441

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About this organization

Revenue

$642,308

Expenses

$582,003

Mission

THE ATIP FOUNDATION'S PURPOSE IS TO SERVE AS A CATALYST FOR RURAL ECONOMIC DEVELOPMENT, THROUGH THE USE OF USDA RESEARCH OUTCOMES, MARKET ASSESSMENT, AND PATENTED TECHNOLOGIES. THE FOUNDATION SUPPORTS A STRATEGIC APPROACH TO THE FORMATION OF COLLABORATIVE PARTNERSHIPS, FACILITATING AND ENABLING THE INTEGRATION OF INDUSTRY, ACADEMIC, AND GOVERNMENT RESEARCH AND DISCOVERY WITH VENTURE CAPITAL AND TALENT AND KNOW-HOW. THE PRIMARY OBJECTIVE OF ATIP FOUNDATION IS TO CREATE NATIONALLY RECOGNIZED, INVESTOR BASED CONSORTIUMS OF AGRI-BUSINESSES, UNIVERSITIES, ECONOMIC DEVELOPMENT ENTITIES, AND VENTURE FUNDS FOR THE DEVELOPMENT, IMPLEMENTATION, AND COMMERCIALIZATION OF USDA TECHNOLOGY DISCOVERIES, IN ORDER TO DEVELOP, AND EXPAND THE AGRICULTURE INDUSTRY. THE FOUNDATION SPECIFICALLY SEEKS TO IMPROVE THE COMPETITIVENESS AND PROFITABILITY OF THE AGRICULTURE AND AGRI-BUSINESS INDUSTRY SECTORS.

About

THE FOUNDATION HAS FORMED A PUBLIC-PRIVATE PARTNERSHIP WITH ILSI NORTH AMERICA AND THE U.S. DEPARTMENT OF AGRICULTURE-AGRICULTURAL RESEARCH SERVICE TO OBTAIN COMPREHENSIVE FOOD COMPOSITION DATA FROM THE FOOD MANUFACTURERS AND MAKE IT PUBLICLY AVAILABLE THROUGH AN ENHANCED USDA NATIONAL NUTRIENT DATABASE TO THOSE WHO UTILIZE SUCH DATA INCLUDING THE FEDERAL AGENCIES, THE RESEARCH COMMUNITY, PROPRIETARY DATABASES AND END USERS, AND THE FOOD INDUSTRY. DURING THE FISCAL YEAR ENDING 9/30/19, THE FOUNDATION CONDUCTED FORUMS TO PROVIDE INFORMATION ABOUT USDA RESEARCH OUTCOMES FOR THE PURPOSE OF CREATING JOB AND ECONOMIC DEVELOPMENT AND ESTABLISHED INITIATIVES IN TEXAS, CALIFORNIA, AND OHIO, UTILIZING USDA RESEARCH OUTCOMES, TO FOSTER REGIONAL RURAL ECONOMIC DEVELOPMENT.

Interesting data from their 2020 990 filing

The mission of the non-profit, as stated in the filing, is “The atip foundation's purpose is to serve as a catalyst for rural economic development, through the use of usda research outcomes, market assessment, and patented technologies. the foundation supports a strategic approach to the formation of collaborative partnerships, facilitating and enabling the integration of industry, academic, and government research and discovery with venture capital and talent and know-how. the primary objective of atip foundation is to create nationally recognized, investor based consortiums of agri-businesses, universities, economic development entities, and venture funds for the development, implementation, and commercialization of usda technology discoveries, in order to develop, and expand the agriculture industry. the foundation specifically seeks to improve the competitiveness and profitability of the agriculture and agri-business industry sectors.”.

When referring to its tasks, they were described as: “The atip foundation's purpose is to serve as a catalyst for rural economic development, through the use of usda research outcomes, market assessment, and patented technologies. the foundation supports a strategic approach to the formation of collaborative partnerships, facilitating and enabling the integration of industry, academic, and government research and discovery with venture capital and talent and know-how. the primary objective of atip foundation is to create nationally recognized, investor based consortiums of agri-businesses, universities, economic development entities, and venture funds for the development, implementation, and commercialization of usda technology discoveries, in order to develop, and expand the agriculture industry. the foundation specifically seeks to improve the competitiveness and profitability of the agriculture and agri-business industry sectors.”.

  • The non-profit is operating legally in the state of TX.
  • The non-profit's address for the year 2020 is listed as 1506 W PIONEER PARKWAY STE 204, ARLINGTON, TX, 76013 in the filing.
  • The form submitted by the non-profit organization for 2020 reports 0 employees.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor-advised fund.
  • Is not a private foundation.
  • Expenses are between $250,000 and $500,000.
  • Revenue is between $500,000 and $1,000,000+.
  • Revenue less expenses is $60,305.
  • The CEO's salary plan within the organization is not subject to review and approval from a neutral entity.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 4 independent voting members.
  • The organization was formed in 2011.
  • The organization is required to file Schedule B.
  • The organization pays $0 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.

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