EIN 54-1045487

University of Virginia Licensing and Ventures Group

IRS 501(c) type
501(c)(3)
Num. employees
19
Year formed
1978
Most recent tax filings
2022-06-01
Description
The principal activity of the Foundation is to support the University's mission to "advance knowledge and serve the commonwealth of Virginia, the nation, and the world through..
Also known as...
University of Virginia Patent Foundation; Uva Patent Foundation
Total revenues
$9,580,641
2022
Total expenses
$9,540,273
2022
Total assets
$21,114,215
2022
Num. employees
19
2022

Program areas at University of Virginia Licensing and Ventures Group

Patenting: the patenting department prepares and files Patent applications. During the fiscal year ended 2022, the University of Virginia Patent Foundation d/b/a University of Virginia Licensing and Ventures Group (lvg or the Foundation) was awarded 53 u.s. Patents.
New Ventures: lvg provides resources and expertise to support the entrepreneurial and investment process. During the fiscal year ended 2022, lvg helped launch 5 new Ventures. Additionally, lvg manages an innovation fund, which is comprised of seed funding and venture funding, in collaboration with the University of Virginia and the University of Virginia health system.
Licensing: the Licensing department evaluates, markets, and licenses inventions. During the fiscal year ended 2022, lvg solicited 226 invention disclosures from uva faculty, staff, and student inventors and executed 85 commercial transactions.
Other program services: lvg provides a variety of other programs, generally at the request of uva.

Grants made by University of Virginia Licensing and Ventures Group

GranteeGrant descriptionAmount
Rector and Visitors of the University of VirginiaThe Foundation Is A Supporting Organization for the University of Virginia. the Amount of Cash Paid To the University for Distributions of Royalities To the Innovation & Scholarly Activities Fund and To the University Is Based on the Agreement Between the Foundation and the University of Virginia. the Payment Does Not Include Any Refund for Overpayment of Fees for Services Rendered.$1,770,022

Personnel at University of Virginia Licensing and Ventures Group

NameTitleCompensation
Richard ChyllaExecutive Director$0
Claudine R. WispelweyDirector, Operations$155,124
Jill SimandlDirector of Finance$0
Robert DeckerSenior Patent Counsel$207,767
Joshua MauldinDirector of Licensing$117,996
...and 9 more key personnel

Financials for University of Virginia Licensing and Ventures Group

RevenuesFYE 06/2022
Total grants, contributions, etc.$0
Program services$9,577,863
Investment income and dividends$2,778
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$9,580,641

Form 990s for University of Virginia Licensing and Ventures Group

Fiscal year endingDate received by IRSFormPDF link
2022-062023-02-17990View PDF
2021-062022-07-18990View PDF
2020-062021-04-12990View PDF
2019-062020-10-19990View PDF
2018-062019-05-14990View PDF
...and 8 more Form 990s
Data update history
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 16, 2023
Updated personnel
Identified 3 new personnel
June 12, 2023
Used new vendors
Identified 3 new vendors, including , , and
February 3, 2023
Posted financials
Added Form 990 for fiscal year 2021
March 16, 2022
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsResearch centersHeadquarter / parent organizationsCharities
Issues
Science and technologyEducation
Characteristics
Conducts researchState / local levelTax deductible donations
General information
Address
722 Preston Ave 107
Charlottesville, VA 22903
Metro area
Charlottesville, VA
Website URL
lvg.virginia.edu/ 
Phone
(434) 924-2175
Facebook page
uvainnovation 
Twitter profile
@uvainnovation 
IRS details
EIN
54-1045487
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1978
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B12: Education Fund Raising and Fund Distribution
NAICS code, primary
5417: Scientific Research and Development Services
Parent/child status
Central organization
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