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Nonprofiteer
← UNEMED CORPORATION

Form 990 for tax year 2023

Filed by UNEMED CORPORATION.

Totals

Total revenue
$2,065,829
Total expenses
$2,465,735
Contributions and grants received
$1,605,000
Grants paid
$0
Program service revenue
$411,239
Investment income
$49,590
Other revenue
$0
Total assets, end of year
$2,202,848
Total liabilities, end of year
$793,682
Net assets or fund balances, end of year
$1,409,166
Program services expenses (Part IX)
$2,164,629
Management and general expenses
$301,106
Fundraising expenses
$0
Program service expenses (Part III)
$2,164,629

Program services were 87.8% 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

    $1,605,000

  • 2a · Program service revenue: Research Income

    total $200,000 · related or exempt $200,000

  • 2b · Program service revenue: Patent Income

    total $19,305 · related or exempt $19,305

  • 2c · Program service revenue: License Income

    total $191,934 · related or exempt $191,934

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $49,590 · excluded $49,590

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $254,925 · program services $254,925

  • 11c · Fees: accounting

    total $2,450 · management and general $2,450

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $46,967 · program services $46,967

  • 13 · Office expenses

    total $5,780 · program services $5,780

  • 14 · Information technology

    total $20,356 · program services $20,356

  • 15 · Royalties

    total $333,777 · program services $333,777

  • 17 · Travel

    total $23,039 · program services $23,039

  • 19 · Conferences, conventions and meetings

    total $17,752 · program services $17,752

  • 24a · Other expenses: Leased Employees

    total $1,300,441 · program services $1,003,638 · management and general $296,803

  • 24b · Other expenses: Patent Expenses

    total $456,354 · program services $456,354

  • 24c · Other expenses: Professional Dues

    total $1,437 · program services $1,437

  • 24d · Other expenses: Use Taxes Paid

    total $604 · program services $604

  • 24e · All other expenses

    total $1,853 · program services $0 · management and general $1,853 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,542,251 · end of year $1,299,848

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $344,392 · end of year $329,244

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,750 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $444,056 · end of year $573,756

  • 17 · Accounts payable and accrued expenses

    beginning of year $254,205 · end of year $550,924

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $274,172 · end of year $242,758

  • 27 · Net assets without donor restrictions

    beginning of year $1,809,072 · end of year $1,409,166

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

UNeMed Corporation's mission is to improve healthcare by fostering innovation, advancing biomedical research, and engaging entrepreneurs and industry to commercialize novel technologies.

  • UNeMed Corporation is building and developing partnerships with industrial leaders to commercialize UNMC and UNO innovations.

    Expenses $2,164,629 · Revenue $411,239

As filed on the 2023 return.

Listed in Part VII

  • Anne Barnes

    Chair

    Total calculated
    $413,606
    From this org
    $0
    From related orgs
    $358,381
    Other
    $55,225
    Hours/week
    4 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $358,128 related
    Bonus
    $0
    Other
    $0 + $253 related
    Deferred
    $0 + $29,273 related
    Nontaxable benefits
    $0 + $25,952 related
    Filer's total
    $0 + $413,606 related

  • Michael Dixon

    President/CEO

    Total calculated
    $257,910
    From this org
    $0
    From related orgs
    $213,866
    Other
    $44,044
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,945 related
    Bonus
    $0 + $7,750 related
    Other
    $0 + $171 related
    Deferred
    $0 + $17,758 related
    Nontaxable benefits
    $0 + $26,286 related
    Filer's total
    $0 + $257,910 related

  • Alexi Wellman

    Board Member (BEG 11/2023)

    Total calculated
    $0
    Hours/week
    2

  • Don Leuenberger

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 1.5 related

  • Kim Lamb

    Board Member (BEG 02/2024)

    Total calculated
    $0
    Hours/week
    2

  • Michael Bishop

    Board Member (BEG 02/2024)

    Total calculated
    $0
    Hours/week
    2

  • Richard Spellman

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Rodney Markin

    Director

    Total calculated
    $294,572
    From this org
    $0
    From related orgs
    $248,843
    Other
    $45,729
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,612 related
    Bonus
    $0
    Other
    $0 + $2,231 related
    Deferred
    $0 + $20,309 related
    Nontaxable benefits
    $0 + $25,420 related
    Filer's total
    $0 + $294,572 related

  • Terry Opgenorth

    Board Member (THRU 11/2023)

    Total calculated
    $0
    Hours/week
    2

  • Tyler Martin

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Laura Gonnerman

    Secretary

    Total calculated
    $170,375
    From this org
    $0
    From related orgs
    $133,039
    Other
    $37,336
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,951 related
    Bonus
    $0
    Other
    $0 + $88 related
    Deferred
    $0 + $11,291 related
    Nontaxable benefits
    $0 + $26,045 related
    Filer's total
    $0 + $170,375 related

  • Luke Barnard

    Treasurer

    Total calculated
    $165,873
    From this org
    $0
    From related orgs
    $127,716
    Other
    $38,157
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $127,640 related
    Bonus
    $0
    Other
    $0 + $76 related
    Deferred
    $0 + $10,899 related
    Nontaxable benefits
    $0 + $27,258 related
    Filer's total
    $0 + $165,873 related

  • Jason Nickla

    VP/Director of IP

    Total calculated
    $179,728
    From this org
    $0
    From related orgs
    $139,566
    Other
    $40,162
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,100 related
    Bonus
    $0 + $7,250 related
    Other
    $0 + $216 related
    Deferred
    $0 + $11,889 related
    Nontaxable benefits
    $0 + $28,273 related
    Filer's total
    $0 + $179,728 related

  • Matthew Boehm

    Assoc Director of Marketing

    Total calculated
    $177,260
    From this org
    $0
    From related orgs
    $140,732
    Other
    $36,528
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $133,338 related
    Bonus
    $0 + $7,250 related
    Other
    $0 + $144 related
    Deferred
    $0 + $11,730 related
    Nontaxable benefits
    $0 + $24,798 related
    Filer's total
    $0 + $177,260 related

  • Doug Ewald

    Director

    Total calculated
    $428,370
    From this org
    $0
    From related orgs
    $378,826
    Other
    $49,544
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $371,868 related
    Bonus
    $0
    Other
    $0 + $6,958 related
    Deferred
    $0 + $25,002 related
    Nontaxable benefits
    $0 + $24,542 related
    Filer's total
    $0 + $428,370 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

  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
ALL INDIVIDUALS LISTED IN PART II ARE PAID BY THE UNIVERSITY OF NEBRASKA BOARD OF REGENTS. THE UNIVERSITY OF NEBRASKA HAS A THOROUGH REVIEW PROCESS IN DETERMINING COMPENSATION AND BENEFITS.
Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization
UNeMed Corporation provides a bonus for Michael Dixon, Jason Nickla, and Matthew Boehm based on quantitative and qualitative metrics for the year; including license agreements, opportunities created, new invention notifications, number of startups, sponsored research, and gross revenue. The metric contingent upon revenue of the organization is only weighted at 12% of the metric system. The overall decision process has several other metrics observed, as stated above.

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.

  • HD GROUP LLC

    Unrelated · HEALTHCARE TE · NE · share of income $0 · share of assets $0

    Directly controlled by UNMC SRF

Related corporations and trusts

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

  • NE ENTERPRISES INC

    C Corporation · BIO TECH · NE · share of income $0 · share of assets $0

    Directly controlled by UNIV TECH

Provenance

Return type
form_990
Tax year
2023
Filed
22 January 2025
IRS schema version
2023v6.0
Source object
202540229349300024

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