EIN 54-1323858

Virginia Tech Intellectual Properties

IRS 501(c) type
501(c)(3)
Num. employees
2
Year formed
1985
Most recent tax filings
2022-06-01
Description
Virginia Tech Intellectual Properties promotes, encourages, and markets scientific research solely for the benefit of Virginia Polytechnic Institute and State University. The organization manages and markets all intellectual properties developed by faculty, staff, or students of the university. These include products and processes that may be protected by patents, trademarks, copyrights, or trade secrets. Virginia Tech Intellectual Properties is located in Blacksburg, VA.
Also known as...
VTIP Inc
Total revenues
$3,370,644
2022
Total expenses
$3,141,992
2022
Total assets
$2,751,745
2022
Num. employees
2
2022

Program areas at Virginia Tech Intellectual Properties

The company managed and marketed all Intellectual Properties (i.e. Products and processes which may be protected by either a patent, trademark, copyright, or trade secret) developed by faculty, staff, or students of Virginia polytechnic institute and state university (Virginia Tech).

Personnel at Virginia Tech Intellectual Properties

NameTitleCompensation
Dwayne PinkneySenior Vice President and Chief Business Officer
Brandy SalmonVice President for Innovation and Partnerships
Scott MidkiffVice President for Information and Technology
Kim O'RourkeVice President for Policy and Governance
Charlie PhlegarVice President for Advancement
...and 26 more key personnel

Financials for Virginia Tech Intellectual Properties

RevenuesFYE 06/2022
Total grants, contributions, etc.$866,306
Program services$2,485,609
Investment income and dividends$18,729
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$3,370,644

Form 990s for Virginia Tech Intellectual Properties

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-08990View PDF
2021-062022-05-02990View PDF
2020-062021-04-15990View PDF
2019-062020-10-13990View PDF
2018-062019-07-23990View PDF
...and 8 more Form 990s
Data update history
July 6, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Updated personnel
Identified 1 new personnel
June 26, 2023
Used new vendors
Identified 1 new vendor, including
June 13, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 24, 2023
Updated personnel
Identified 5 new personnel
Nonprofit Types
School foundationsGrantmaking organizationsResearch centersHeadquarter / parent organizationsCharities
Issues
Science and technologyEducation
Characteristics
Funds one specific organizationConducts researchState / local levelTax deductible donations
General information
Address
1311 Research Dr 2057
Blacksburg, VA 24061
Metro area
Blacksburg-Christiansburg, VA
Website URL
vt.edu/link/license.html 
Phone
(540) 951-9694
IRS details
EIN
54-1323858
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1985
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B11: Education Single Organization Support
NAICS code, primary
5417: Scientific Research and Development Services
Parent/child status
Central organization
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