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Nonprofiteer
← UNIVERSITY OF VIRGINIA LICENSING & VENTURES GROUP

Form 990 for tax year 2024

Filed by UNIVERSITY OF VIRGINIA LICENSING & VENTURES GROUP.

Totals

Total revenue
$11,383,590
Total expenses
$11,420,744
Contributions and grants received
$0
Grants paid
$2,502,067
Program services expenses (Part IX)
$10,073,488
Management and general expenses
$1,347,256
Fundraising expenses
$0
Program service expenses (Part III)
$10,073,488

Program services were 88.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MICHAEL LENOX

    DIRECTOR

    Total calculated
    $737,899
    From this org
    $0
    From related orgs
    $633,313
    Other
    $104,586
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $567,091 related
    Bonus
    $0 + $65,000 related
    Other
    $0 + $1,222 related
    Deferred
    $0 + $60,602 related
    Nontaxable benefits
    $0 + $43,984 related
    Filer's total
    $0 + $737,899 related

  • JENNIFER WEST

    DIRECTOR

    Total calculated
    $658,435
    From this org
    $0
    From related orgs
    $542,909
    Other
    $115,526
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $530,723 related
    Bonus
    $0 + $10,000 related
    Other
    $0 + $2,186 related
    Deferred
    $0 + $78,054 related
    Nontaxable benefits
    $0 + $37,472 related
    Filer's total
    $0 + $658,435 related

  • JEFFREY MARTENS

    DIRECTOR

    Total calculated
    $469,423
    From this org
    $0
    From related orgs
    $410,546
    Other
    $58,877
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $371,774 related
    Bonus
    $0 + $37,091 related
    Other
    $0 + $1,681 related
    Deferred
    $0 + $33,444 related
    Nontaxable benefits
    $0 + $25,433 related
    Filer's total
    $0 + $469,423 related

  • RICHARD CHYLLA

    EXECUTIVE DIRECTOR

    Total calculated
    $467,074
    From this org
    $405,833
    From related orgs
    $0
    Other
    $61,241
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $353,333
    Bonus
    $52,500
    Other
    $0
    Deferred
    $37,093
    Nontaxable benefits
    $24,148
    Filer's total
    $467,074

  • LORI MCMAHON

    DIRECTOR

    Total calculated
    $412,663
    From this org
    $0
    From related orgs
    $365,695
    Other
    $46,968
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $289,226 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $1,469 related
    Deferred
    $0 + $29,073 related
    Nontaxable benefits
    $0 + $17,895 related
    Filer's total
    $0 + $412,663 related

  • ROBERT CREEDEN

    DIRECTOR OF UVA LVG SEED FUND

    Total calculated
    $302,112
    From this org
    $257,081
    From related orgs
    $0
    Other
    $45,031
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $252,081
    Bonus
    $5,000
    Other
    $0
    Deferred
    $25,934
    Nontaxable benefits
    $19,097
    Filer's total
    $302,112

  • ROBERT DECKER

    BOARD SECRETARY, SENIOR PATENT COUNSEL

    Total calculated
    $282,841
    From this org
    $235,952
    From related orgs
    $0
    Other
    $46,889
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,952
    Bonus
    $4,000
    Other
    $0
    Deferred
    $23,247
    Nontaxable benefits
    $23,642
    Filer's total
    $282,841

  • JILL SIMANDL

    DIRECTOR OF FINANCE AND OPERATIONS

    Total calculated
    $206,345
    From this org
    $170,167
    From related orgs
    $0
    Other
    $36,178
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,167
    Bonus
    $5,000
    Other
    $0
    Deferred
    $17,831
    Nontaxable benefits
    $18,347
    Filer's total
    $206,345

  • JOSHUA MAULDIN

    DIRECTOR OF LICENSING

    Total calculated
    $203,499
    From this org
    $164,147
    From related orgs
    $0
    Other
    $39,352
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,647
    Bonus
    $4,500
    Other
    $0
    Deferred
    $16,792
    Nontaxable benefits
    $22,560
    Filer's total
    $203,499

  • JONATHAN RUDD

    LICENSING MANAGER

    Total calculated
    $136,674
    From this org
    $112,762
    From related orgs
    $0
    Other
    $23,912
    Hours/week
    40

  • CORTNEY MUSHILL

    LICENSING MANAGER

    Total calculated
    $133,809
    From this org
    $105,469
    From related orgs
    $0
    Other
    $28,340
    Hours/week
    40

  • FRED EPSTEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • PETER GRANT II

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ERIK HEWLETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN LAZO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAUL MICHEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RONALD NEWBOLD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD TADLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KWAME ULMER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

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 — 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

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

  • UNIVERSITY OF VIRGINIA

    $2,502,067

    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.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202503189349312445

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