Program areas at University of Virginia Licensing and Ventures Group
Patenting: the patenting department prepares and files Patent applications. During the fiscal year ended 2023, the University of Virginia Patent Foundation d/b/a University of Virginia Licensing and Ventures Group (lvg or the Foundation) was awarded 46 u.s. Patents.
New Ventures: lvg provides resources and expertise to support the entrepreneurial and investment process. During the fiscal year ended 2023, lvg helped launch 3 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 2023, lvg solicited 150 invention disclosures from uva faculty, staff, and student inventors and executed 67 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
| Grantee | Grant description | Grant year | Amount |
|---|
| Rector and Visitors of the University of Virginia | The 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. | 2023-06 | $1,941,034 |
Personnel at University of Virginia Licensing and Ventures Group
| Name | Title | Compensation | Date of data |
|---|
| Richard Chylla | Executive Director | $354,348 | 2023-12-22 |
| Jill Simandl | Director of Finance | $110,154 | 2023-06-30 |
| Joshua Mauldin | Director of Licensing | $147,255 | 2023-06-30 |
| Olivia Benjamin | Manager of Financial Operations | $96,934 | 2022-06-30 |
| Nicole L. Leister | Information Manager | | 2022-03-16 |
| ...and 5 more key personnel |
Financials for University of Virginia Licensing and Ventures Group
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $9,549,452 | $9,577,863 | -0.3% |
| Investment income and dividends | $19,471 | $2,778 | 600.9% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $9,568,923 | $9,580,641 | -0.1% |
Organizations like University of Virginia Licensing and Ventures Group
| Organization | Type | Location | Revenue |
|---|
| K-State Innovation Partners | 501(c)(3) | Manhattan, KS | $8,764,418 |
| University of Akron Research Foundation (UARF) | 501(c)(3) | Akron, OH | $3,671,028 |
| Botanical Research Institute of Texas | 501(c)(3) | Fort Worth, TX | $19,151,570 |
| STC Unm | 501(c)(3) | Albuquerque, NM | $8,571,940 |
| Kansas State University Veterinary Clinical Outreach | 501(c)(3) | Manhattan, KS | $17,763,404 |
| University of Tennessee Research Foundation (UTRF) | 501(c)(3) | Knoxville, TN | $10,170,434 |
| University of Rhode Island Research Foundation | 501(c)(3) | Kingston, RI | $8,710,508 |
| Wisconsin Center for Education Products and Services | 501(c)(3) | Madison, WI | $2,454,488 |
| Sitka Sound Science Center | 501(c)(3) | Sitka, AK | $3,829,160 |
| Institute for Systems Biology | 501(c)(3) | Renton, WA | $37,072,888 |
Data update history
May 20, 2024
Used new vendors
Identified 1 new vendor, including
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
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
- County
- Charlottesville city, VA
- Website URL
- lvg.virginia.edu/Â
- Phone
- (434) 924-2175
- Facebook page
- uvainnovationÂ
- Twitter profile
- @uvainnovationÂ
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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