EIN 61-1764272

West Virginia University Innovation Corporation

IRS 501(c) type
501(c)(3)
Num. employees
35
Year formed
2015
Most recent tax filings
2022-12-01
Description
West Virginia University Innovation Corporation provides technical services and applied research solutions to support West Virginia University. It solves emerging government and industry challenges through an agile, non-traditional approach. The corporation performs prime and subrecipient government and industry contract work in the areas of energy, health sciences, and information technology research.
Related structure
West Virginia University Innovation Corporation is a subordinate organization under West Virginia University Health System.
Total revenues
$2,370,971
2022
Total expenses
$4,926,198
2022
Total assets
$58,745,858
2022
Num. employees
35
2022

Program areas at West Virginia University Innovation Corporation

During the year, WVUIC acquired a substantial manufacturing, development, and research facility as a donation the Facility. With the acquisition of the Facility, WVUIC will further its purpose of i providing facilities, resources, and support to facilitate the development or incubation of companies that will improve the economic development of the region through contractual agreements designed to maximize the stimulation, protection, and exploitation of intellectual property within the University community and ii encouraging, promoting, and supporting activities of the University related to the entrepreneurship and the development, testing, and evaluation of new technologies, research, and innovation by assisting and evaluating technologies and projects owned by the federal government and private industry.

Personnel at West Virginia University Innovation Corporation

NameTitleCompensation
Douglas CoffmanWvuhs Chief Financial Officer and Wvuic Director / Director and Treasurer$0
David KosslowWvu Associate Vice President for Finance Treasury and Wvuic Treasurer / Assistant Treasurer$0
Fred KingWvu Vice President for Research and Wvuic Board Director$0
Stacey ArmstrongPresident$0
Edward HallDirector of Service Program$124,461
...and 5 more key personnel

Financials for West Virginia University Innovation Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$2,370,971
Investment income and dividends$0
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$2,370,971

Form 990s for West Virginia University Innovation Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2022-062023-05-15990View PDF
2021-062022-07-11990View PDF
2020-062021-05-26990View PDF
2019-062020-12-04990View PDF
...and 3 more Form 990s
Data update history
January 8, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 8, 2024
Updated personnel
Identified 1 new personnel
July 7, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Updated personnel
Identified 8 new personnel
February 3, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Research centersChapter / child organizationsCharities
Issues
Science and technology
Characteristics
Conducts researchState / local levelTax deductible donations
General information
Address
PO Box 8034
Morgantown, WV 26506
Metro area
Morgantown, WV
County
Monongalia County, WV
Website URL
innovation.wvu.edu/home 
Phone
(304) 974-3810
IRS details
EIN
61-1764272
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2015
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
U00: Science and Technology Research: General
NAICS code, primary
5417: Scientific Research and Development Services
Parent/child status
Subordinate organization
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