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← UNIVERSITY LICENSE EQUITY HOLDINGS INC

Form 990 for tax year 2023

Filed by UNIVERSITY LICENSE EQUITY HOLDINGS INC.

Totals

Total revenue
$8,579,269
Total expenses
$1,950,975
Contributions and grants received
$6,727,977
Grants paid
$0
Program service revenue
$45,000
Investment income
$1,806,292
Other revenue
$0
Total assets, end of year
$20,002,343
Total liabilities, end of year
$43,243
Net assets or fund balances, end of year
$19,959,100
Program services expenses (Part IX)
$1,905,995
Management and general expenses
$44,980
Fundraising expenses
$0
Program service expenses (Part III)
$1,905,995

Program services were 97.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $6,727,977

  • 2a · Program service revenue: MANAGEMENT FEE

    total $45,000 · related or exempt $45,000

  • 7a · Gross sales of assets other than inventory

    securities $1,906,293

  • 7b · Less cost or other basis and sales expenses

    securities $100,001

  • 7c · Gain or loss

    securities $1,806,292

  • 7d · Net gain or loss

    total $1,806,292 · related or exempt $1,806,292

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $39,187 · management and general $39,187

  • 11g · Fees: other

    total $83 · management and general $83

  • 13 · Office expenses

    total $10 · management and general $10

  • 21 · Payments to affiliates

    total $1,905,995 · program services $1,905,995

  • 23 · Insurance

    total $5,700 · management and general $5,700

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $186,678 · end of year $2,020,032

  • 11 · Investments: publicly traded securities

    beginning of year $4,080,601 · end of year $1,824,154

  • 12 · Investments: other securities

    beginning of year $3,100,000 · end of year $3,400,000

  • 13 · Investments: program-related

    beginning of year $15,163,307 · end of year $12,758,157

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,243 · end of year $43,243

  • 27 · Net assets without donor restrictions

    beginning of year $22,487,343 · end of year $19,959,100

Mission and programs · 2023

Mission

THE ORGANIZATION'S MISSION IS TO ASSIST FACULTY, STUDENT & STAFF ENTREPRENEURS AT THE UNIVERSITY OF COLORADO IN BUILDING SUCCESSFUL COMPANIES FROM RESEARCH DISCOVERIES MADE AT THE UNIVERSITY.

Activities or mission (Part I)

FURTHER THE EDUCATIONAL RESEARCH & OTHER SERVICE OBJECTIVES OF THE UNIVERSITY OF CO.

  • UNIVERSITY LICENSE EQUITY HOLDINGS, INC. (ULEHI) HOLDS AND MANAGES VARIOUS INTERESTS IN ENTREPRENEURIAL VENTURES RELATING TO INTELLECTUAL PROPERTIES TRANSFERRED TO IT BY THE UNIVERSITY PURSUANT TO A TRANSFER AGREEMENT.

    Expenses $1,905,995 · Revenue $1,851,292

As filed on the 2023 return.

Listed in Part VII

  • STEVE VANNURDEN

    TREASURER/SECRETARY

    Total calculated
    $647,009
    From this org
    $0
    From related orgs
    $594,150
    Other
    $52,859
    Hours/week
    0.35 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $594,150 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $19,859 related
    Filer's total
    $0 + $647,009 related

  • MASSIMO RUZZENE

    REGENT DIRECTOR

    Total calculated
    $457,081
    From this org
    $0
    From related orgs
    $396,178
    Other
    $60,903
    Hours/week
    0.35 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $396,178 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $27,903 related
    Filer's total
    $0 + $457,081 related

  • KIMBERLY SPIERING

    REGENT DIRECTOR

    Total calculated
    $244,900
    From this org
    $0
    From related orgs
    $198,309
    Other
    $46,591
    Hours/week
    0.35 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,309 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,494 related
    Nontaxable benefits
    $0 + $26,097 related
    Filer's total
    $0 + $244,900 related

  • CATHARINE MERIGOLD

    CHAIRWOMAN

    Total calculated
    $0
    Hours/week
    0.35

  • MARK LUPA

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.35

  • TIM MILLS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.35

  • DON MORIE

    DIRECTOR OF FINANCE

    Total calculated
    $163,841
    From this org
    $0
    From related orgs
    $118,752
    Other
    $45,089
    Hours/week
    0.35 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $118,752 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,704 related
    Nontaxable benefits
    $0 + $31,385 related
    Filer's total
    $0 + $163,841 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE OFFICERS AND DIRECTORS LISTED ON SCHEDULE J ARE EMPLOYED BY THE UNIVERSITY OF COLORADO, A STATE GOVERNMENTAL UNIT. THEIR COMPENSATION IS DETERMINED UNDER THE COLORADO STATE LAW REQUIREMENTS FOR UNIVERSITY EMPLOYEES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • AML JV LLC

    RELATED · DEVELOPMENT OF DATA DRIVEN HEALTHCARE SOLUTIONS · DE · 50% owned · share of income -$6,002,151 · share of assets $4,054,575 · general or managing partner

    Directly controlled by UNIVERSITY LICENSE EQUITY HOLDINGS

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202541329349306579

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