EIN 54-1854399

Virginia Commonwealth University Intellectual Property Foundation

Name: Virginia Commonwealth University Intellectual Property Foundation financials for 2023
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

2023-06-01

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

$2,808,546

2023

Total expenses

$2,987,908

2023

Total assets

$4,758,542

2023

Num. employees

2023

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, 2023, the Virginia Commonwealth University Intellectual Property Foundation had - 126 new invention disclosures by vcu inventors - 154 patent applications filed - 25 patents issued - 29 licenses and options - 118 targeted industry engagements - 12 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
Nancy Eberhardt	Secretary / Director	$0	2023-06-30
L Frankin Bost	Secretary	$0	2021-06-30
Jerome F Strauss	Secretary / Director	$0	2017-06-30

Financials for Virginia Commonwealth University Intellectual Property Foundation

Revenues	FYE 06/2023	FYE 06/2022	% Change
Total grants, contributions, etc.	$419,833	$368,668	13.9%
Program services	$2,367,575	$3,038,457	-22.1%
Investment income and dividends	$9,847	$13,166	-25.2%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$5,191	$21,267	-75.6%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$6,100	$10,783	-43.4%
Total revenues	$2,808,546	$3,452,341	-18.6%

Form 990s for Virginia Commonwealth University Intellectual Property Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
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
2019-06	2020-02-10	990	View PDF
...and 9 more Form 990s

Organizations like Virginia Commonwealth University Intellectual Property Foundation

Organization	Type	Location	Revenue
Gamecock iHub (SCRF)	501(c)(3)	Columbia, SC	$5,776,984
University of Massachusetts Lowell Applied Research Corporation	501(c)(3)	Lincoln, MA	$2,526,711
Boilermaker Health Innovations	501(c)(3)	West Lafayette, IN	$872,784
Unlv Research Foundation	501(c)(3)	Las Vegas, NV	$6,695,489
Clemson University Research Foundation	501(c)(3)	Clemson, SC	$1,940,204
Delaware Innovation Space	501(c)(3)	Wilmington, DE	$7,341,673
Massachusetts Green High Performance Computing Center (MGHPCC)	501(c)(3)	Holyoke, MA	$11,602,438
The American Center of Research Incorporated	501(c)(3)	Alexandria, VA	$2,460,572
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	$2,093,460

Data update history

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

June 7, 2023

Posted financials

Added Form 990 for fiscal year 2021

Nonprofit Types

SchoolsResearch centersHeadquarter / parent organizationsCharities

Issues

Science and technologyEducation

Characteristics

Conducts researchState / local levelReceives government fundingTax deductible donationsAccepts 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

Blog articles

Free account sign-up

Want updates when Virginia Commonwealth University Intellectual Property Foundation has new information, or want to find more organizations like Virginia Commonwealth University Intellectual Property Foundation?

Create free Cause IQ account

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

Nonprofits

Product

Customers

About