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Nonprofiteer
← OHIO STATE INNOVATION FOUNDATION

Form 990 for tax year 2024

Filed by OHIO STATE INNOVATION FOUNDATION.

Totals

Total revenue
$14,225,608
Total expenses
$14,763,196
Contributions and grants received
$1,771,897
Grants paid
$0
Program service revenue
$12,453,711
Investment income
$0
Other revenue
$0
Total assets, end of year
$6,416,379
Total liabilities, end of year
$787,938
Net assets or fund balances, end of year
$5,628,441
Program services expenses (Part IX)
$14,763,196
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$14,763,196

Program services were 100.0% 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

    $1,771,897

  • 2a · Program service revenue: PATENT ROYALTY REVENUES

    total $9,748,560 · related or exempt $9,748,560

  • 2b · Program service revenue: REIMBURSEMENTS FROM LICENSEES

    total $2,705,151 · related or exempt $2,705,151

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $537,313 · program services $537,313

  • 11c · Fees: accounting

    total $35,370 · program services $35,370

  • 11g · Fees: other

    total $835 · program services $835

  • 13 · Office expenses

    total $4,133 · program services $4,133

  • 14 · Information technology

    total $3,626 · program services $3,626

  • 21 · Payments to affiliates

    total $7,923,022 · program services $7,923,022

  • 23 · Insurance

    total $21,783 · program services $21,783

  • 24a · Other expenses: PATENT EXPENSES

    total $6,003,189 · program services $6,003,189

  • 24b · Other expenses: BAD DEBTS

    total $232,935 · program services $232,935

  • 24c · Other expenses: MISC EXPENSES

    total $990 · program services $990

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,824,215 · end of year $3,907,296

  • 4 · Accounts receivable

    beginning of year $2,379,818 · end of year $2,486,365

  • 9 · Prepaid expenses and deferred charges

    end of year $270

  • 15 · Other assets

    beginning of year $0 · end of year $22,448

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,379 · end of year $787,938

  • 27 · Net assets without donor restrictions

    beginning of year $6,172,654 · end of year $5,628,441

Mission and programs · 2024

Mission

OHIO STATE INNOVATION FOUNDATION ("OSIF") IS A NOT-FOR-PROFIT OHIO CORPORATION FORMED TO MANAGE INTELLECTUAL PROPERTY DEVELOPED AT OR CREATED BY THE OHIO STATE UNIVERSITY ("OSU") AND TO FACILITATE THE COMMERCIALIZATION OF SUCH INTELLECTUAL PROPERTY ("IP"). OSU IS THE SOLE MEMBER OF OSIF, AND A MAJORITY OF THE DIRECTORS ON THE OSIF BOARD OF DIRECTORS ARE REPRESENTATIVE OF OSU. OSIF HAS NO EMPLOYEES. THE OPERATIONS OF OSIF ARE CONDUCTED BY THE TECHNOLOGY LICENSING OFFICE OF THE OSU OFFICE OF INNOVATION AND ECONOMIC DEVELOPMENT, PURSUANT TO CONTRACT.

Activities or mission (Part I)

TO MANAGE AND FACILITATE COMMERCIALIZATION OF INTELLECTUAL PROPERTY DEVELOPED AT OR CREATED BY THE OSU.

  • MANAGED INTELLECTUAL PROPERTY PORTFOLIO OF THE OHIO STATE UNIVERSITY.

    Expenses $14,194,680

  • MANAGED LICENSES OF TECHNOLOGY DEVELOPED AT THE OHIO STATE UNIVERSITY.

    Expenses $568,516 · Revenue $12,453,711

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MICHAEL PAPADAKIS

    CHAIRMAN

    Total calculated
    $1,126,656
    From this org
    $0
    From related orgs
    $983,509
    Other
    $143,147
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $729,737 related
    Bonus
    $0 + $215,211 related
    Other
    $0 + $38,561 related
    Deferred
    $0 + $110,458 related
    Nontaxable benefits
    $0 + $32,689 related
    Filer's total
    $0 + $1,126,656 related

  • KEVIN TAYLOR

    PRESIDENT

    Total calculated
    $517,346
    From this org
    $0
    From related orgs
    $435,265
    Other
    $82,081
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $352,152 related
    Bonus
    $0 + $49,766 related
    Other
    $0 + $33,347 related
    Deferred
    $0 + $47,561 related
    Nontaxable benefits
    $0 + $34,520 related
    Filer's total
    $0 + $517,346 related

  • PETER MOHLER

    DIRECTOR

    Total calculated
    $1,202,313
    From this org
    $0
    From related orgs
    $1,062,742
    Other
    $139,571
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $628,458 related
    Bonus
    $0 + $333,742 related
    Other
    $0 + $100,542 related
    Deferred
    $0 + $108,681 related
    Nontaxable benefits
    $0 + $30,890 related
    Filer's total
    $0 + $1,202,313 related

  • BECKY KAUFMAN

    DIRECTOR

    Total calculated
    $499,948
    From this org
    $0
    From related orgs
    $420,788
    Other
    $79,160
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $316,851 related
    Bonus
    $0 + $71,070 related
    Other
    $0 + $32,867 related
    Deferred
    $0 + $46,368 related
    Nontaxable benefits
    $0 + $32,792 related
    Filer's total
    $0 + $499,948 related

  • FALON DONOHUE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • JIM TERRANOVA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • KATHY KU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • KRISTEN LEUTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • RAY SHEALY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • DERRICK BRENT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • PACO HERSON

    VICE PRESIDENT

    Total calculated
    $490,720
    From this org
    $0
    From related orgs
    $406,100
    Other
    $84,620
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,065 related
    Bonus
    $0 + $4,800 related
    Other
    $0 + $111,235 related
    Deferred
    $0 + $53,883 related
    Nontaxable benefits
    $0 + $30,737 related
    Filer's total
    $0 + $490,720 related

  • CHERYL TURNBULL

    VICE PRESIDENT

    Total calculated
    $305,405
    From this org
    $0
    From related orgs
    $236,535
    Other
    $68,870
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $183,496 related
    Bonus
    $0
    Other
    $0 + $53,039 related
    Deferred
    $0 + $34,481 related
    Nontaxable benefits
    $0 + $34,389 related
    Filer's total
    $0 + $305,405 related

  • DAVID MESS

    SECRETARY

    Total calculated
    $287,315
    From this org
    $0
    From related orgs
    $221,763
    Other
    $65,552
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,891 related
    Bonus
    $0 + $1,875 related
    Other
    $0 + $46,997 related
    Deferred
    $0 + $32,394 related
    Nontaxable benefits
    $0 + $33,158 related
    Filer's total
    $0 + $287,315 related

  • THOMAS MITCHELL

    TREASURER

    Total calculated
    $162,675
    From this org
    $0
    From related orgs
    $119,489
    Other
    $43,186
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $106,731 related
    Bonus
    $0
    Other
    $0 + $12,758 related
    Deferred
    $0 + $14,721 related
    Nontaxable benefits
    $0 + $28,465 related
    Filer's total
    $0 + $162,675 related

  • SCOTT GRIFFIN

    VICE PRESIDENT

    Total calculated
    $280,849
    From this org
    $0
    From related orgs
    $250,335
    Other
    $30,514
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,263 related
    Bonus
    $0
    Other
    $0 + $37,072 related
    Deferred
    $0 + $27,731 related
    Nontaxable benefits
    $0 + $2,783 related
    Filer's total
    $0 + $280,849 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

None.

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

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 corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SCARLET INNOVATIONS INC

    C · OTHER BUSINESS SUPPORT ACTIVITIES · OH · 100% owned · share of income $44,068 · share of assets $13,339

    Directly controlled by OSIF

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.5
Source object
202611349349306746

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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