EIN 54-1854399

Virginia Commonwealth University Intellectual Property Foundation

Name: Virginia Commonwealth University Intellectual Property Foundation financials for 2024
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Richmond

State

Virginia

Year formed

1994

Most recent tax filings

2024-06-01

NTEE code, primary

B43: University or Technological Institute

Description

The Virginia Commonwealth University Intellectual Property Foundation fosters a culture of innovation at VCU and protects and commercializes inventions created by the school's research enterprise. The foundation determines patentability and obtains patents on VCU inventions, while also marketing and licensing them to commercial entities. Its activities promote research efforts at the school, resulting in 126 new invention disclosures by VCU inventors during the fiscal year ended June 30, 2023, along with 154 patents issued and 87 licensing agreements executed.

Total revenues

$3,349,198

2024

Total expenses

$3,190,692

2024

Total assets

$5,395,479

2024

Num. employees

2024

Program areas at Virginia Commonwealth University Intellectual Property Foundation

To protect and commercialize vcu technologies through patenting and licensing. During the fiscal year ended june 30, 2024, the Virginia Commonwealth University Intellectual Property Foundation had - 105 new invention disclosures by vcu inventors - 162 patent applications filed - 26 patents issued - 28 licenses and options - 18 proof-of-concept grants - 13 startups.

Who funds Virginia Commonwealth University Intellectual Property Foundation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Virginia Innovation Partnership Corporation (CIT)	2023-06	Research	$249,874
Graham Foundation for Advanced Studies in the Fine Arts	2023-12	Dear Mazie,	$15,000

Personnel at Virginia Commonwealth University Intellectual Property Foundation

Name	Title	Compensation	Date of data
Ivelina Metcheva	President	$0	2024-04-26

Financials for Virginia Commonwealth University Intellectual Property Foundation

Revenues	FYE 06/2024	FYE 06/2023	% Change
Total grants, contributions, etc.	$538,322	$419,833	28.2%
Program services	$2,795,181	$2,367,575	18.1%
Investment income and dividends	$10,859	$9,847	10.3%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$4,777	$5,191	-8%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$59	$6,100	-99%
Total revenues	$3,349,198	$2,808,546	19.3%

Form 990s for Virginia Commonwealth University Intellectual Property Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2024-06	2025-02-27	990	View PDF
2023-06	2024-04-26	990	View PDF
2022-06	2022-11-15	990	View PDF
2021-06	2021-10-21	990	View PDF
2020-06	2021-02-24	990	View PDF
...and 10 more Form 990s

Organizations like Virginia Commonwealth University Intellectual Property Foundation

Organization	Type	Location	Revenue
University of Massachusetts Lowell Applied Research Corporation	501(c)(3)	Lincoln, MA	$2,526,711
Unlv Research Foundation	501(c)(3)	Las Vegas, NV	$6,695,489
Clemson University Research Foundation	501(c)(3)	Clemson, SC	$1,940,204
Ohio State Innovation Foundation	501(c)(3)	Columbus, OH	$15,253,821
Delaware Innovation Space	501(c)(3)	Wilmington, DE	$7,341,673
Institute for Digital Enterprise Advancement	501(c)(3)	Huntsville, AL	$1,223,689
The American Center of Research Incorporated	501(c)(3)	Alexandria, VA	$2,460,572
Massachusetts Green High Performance Computing Center (MGHPCC)	501(c)(3)	Holyoke, MA	$11,602,438
University of Cincinnati Research Institute (UCRI)	501(c)(3)	Cincinnati, OH	$5,165,649
The University of Memphis Research Foundation	501(c)(3)	Memphis, TN	$2,469,897

Data update history

January 5, 2025

Received grants

Identified 1 new grant, including a grant for $15,000 from Graham Foundation for Advanced Studies in the Fine Arts

August 7, 2024

Posted financials

Added Form 990 for fiscal year 2023

July 23, 2024

Updated personnel

Identified 1 new personnel

July 14, 2024

Received grants

Identified 1 new grant, including a grant for $249,874 from Virginia Innovation Partnership Corporation (CIT)

July 16, 2023

Posted financials

Added Form 990 for fiscal year 2022

Nonprofit Types

SchoolsResearch centersHeadquarter / parent organizationsCharities

Issues

Science and technologyEducation

Characteristics

Conducts researchState / local levelReceives government fundingTax deductible donationsNo full-time employeesAccepts online donations

General information

Address: 800 E Leigh St 3000; Richmond, VA 23219
Metro area: Richmond, VA
County: Richmond city, VA
Website URL: research.vcu.edu/
Phone: (804) 828-5188

IRS details

EIN: 54-1854399
Fiscal year end: June
Taxreturn type: Form 990
Year formed: 1994
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: B43: University or Technological Institute
NAICS code, primary: 5417: Scientific Research and Development Services
Parent/child status: Central organization

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Virginia Commonwealth University Intellectual Property Foundation

Program areas at Virginia Commonwealth University Intellectual Property Foundation

Who funds Virginia Commonwealth University Intellectual Property Foundation

Personnel at Virginia Commonwealth University Intellectual Property Foundation

Financials for Virginia Commonwealth University Intellectual Property Foundation

Form 990s for Virginia Commonwealth University Intellectual Property Foundation

Organizations like Virginia Commonwealth University Intellectual Property Foundation

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