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
| Name | Title | Compensation | Date of data |
|---|
| Douglas Coffman | Wvuhs Chief Financial Officer and Wvuic Director / Director and Treasurer | $0 | 2022-12-31 |
| David Kosslow | Wvu Associate Vice President for Finance Treasury and Wvuic Treasurer / Assistant Treasurer | $0 | 2022-12-31 |
| Fred King | Wvu Vice President for Research and Wvuic Board Director | $0 | 2022-12-31 |
| Stacey Armstrong | President | $0 | 2023-11-15 |
| Edward Hall | Director of Service Program | $124,461 | 2022-06-30 |
| ...and 5 more key personnel |
Financials for West Virginia University Innovation Corporation
| Revenues | FYE 12/2022 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $11,006,540 | -100% |
| Program services | $2,370,971 | $416,038 | 469.9% |
| Investment income and dividends | $0 | $0 | - |
| 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 | $27,422 | -100% |
| Total revenues | $2,370,971 | $11,450,000 | -79.3% |
Organizations like West Virginia University Innovation Corporation
| Organization | Type | Location | Revenue |
|---|
| Indiana Biosciences Research Institute (IBRI) | 501(c)(3) | Indianapolis, IN | $4,098,308 |
| Leonard Wood Institute | 501(c)(3) | Fort Leonard Wood, MO | $1,184,811 |
| Dynamicland Foundation | 501(c)(3) | Berkeley, CA | $683,177 |
| Iup Research Institute | 501(c)(3) | Indiana, PA | $6,387,874 |
| Foundation for Marine Ecology and Telemetry Research | 501(c)(3) | Seabeck, WA | $1,693,905 |
| Palacios Marine Agricultural Research | 501(c)(3) | Corpus Christi, TX | $2,640,699 |
| Denver Research Institute | 501(c)(3) | Denver, CO | $4,969,818 |
| Seeding Labs | 501(c)(3) | Boston, MA | $5,710,275 |
| Astrophysical Research Consortium | 501(c)(3) | Seattle, WA | $8,264,413 |
| Speculative Technologies | 501(c)(3) | Claymont, DE | $714,647 |
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 donationsAccepts online donations
General information
- Address
- PO Box 8034
- Morgantown, WV 26506
- Metro area
- Morgantown, WV
- County
- Monongalia County, WV
- Website URL
- innovation.wvu.edu/homeÂ
- 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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