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Nonprofiteer
← WEST VIRGINIA UNIVERSITY INNOVATION CORPORATION

Form 990 for tax year 2022

Filed by WEST VIRGINIA UNIVERSITY INNOVATION CORPORATION.

Totals

Total revenue
$2,370,971
Total expenses
$4,926,198
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,370,971
Investment income
$0
Other revenue
$0
Total assets, end of year
$58,745,858
Total liabilities, end of year
$5,985,310
Net assets or fund balances, end of year
$52,760,548
Program services expenses (Part IX)
$685,641
Management and general expenses
$4,240,557
Fundraising expenses
$0
Program service expenses (Part III)
$685,641

Program services were 13.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Albert Wright Jr

    WVUHS President/WVUIC Director

    Total calculated
    $2,707,633
    From this org
    $0
    From related orgs
    $2,323,142
    Other
    $384,491
    Hours/week
    0.25 + 50 related

    Schedule J breakdown matched by us

    Base
    not reported + $1,480,677 related
    Bonus
    not reported + $815,255 related
    Other
    not reported + $27,210 related
    Deferred
    not reported + $356,068 related
    Nontaxable benefits
    not reported + $28,423 related
    Filer's total
    not reported + $2,707,633 related

  • Douglas Coffman

    WVUHS CFO/WVUIC Director

    Total calculated
    $977,596
    From this org
    $0
    From related orgs
    $952,288
    Other
    $25,308
    Hours/week
    0.25 + 50 related

    Schedule J breakdown matched by us

    Base
    not reported + $659,493 related
    Bonus
    not reported + $193,194 related
    Other
    not reported + $99,601 related
    Deferred
    not reported + $13,725 related
    Nontaxable benefits
    not reported + $11,583 related
    Filer's total
    not reported + $977,596 related

  • E Gordon Gee

    WVU President/ WVUIC Director

    Total calculated
    $823,064
    From this org
    $0
    From related orgs
    $796,660
    Other
    $26,404
    Hours/week
    0.25 + 70 related

    Schedule J breakdown matched by us

    Base
    not reported + $769,660 related
    Bonus
    not reported
    Other
    not reported + $27,000 related
    Deferred
    not reported + $18,300 related
    Nontaxable benefits
    not reported + $8,104 related
    Filer's total
    not reported + $823,064 related

  • Paula Congelio

    WVU VP CFO/WVUIC Director

    Total calculated
    $449,386
    From this org
    $0
    From related orgs
    $396,726
    Other
    $52,660
    Hours/week
    0.25 + 65 related

    Schedule J breakdown matched by us

    Base
    not reported + $353,726 related
    Bonus
    not reported + $16,000 related
    Other
    not reported + $27,000 related
    Deferred
    not reported + $52,300 related
    Nontaxable benefits
    not reported + $360 related
    Filer's total
    not reported + $449,386 related

  • J Robert Alsop

    WVU VP for Strategic Initiatives/WVUIC Director

    Total calculated
    $445,049
    From this org
    $0
    From related orgs
    $426,684
    Other
    $18,365
    Hours/week
    0.25 + 50 related

    Schedule J breakdown matched by us

    Base
    not reported + $426,622 related
    Bonus
    not reported
    Other
    not reported + $62 related
    Deferred
    not reported + $18,300 related
    Nontaxable benefits
    not reported + $65 related
    Filer's total
    not reported + $445,049 related

  • Anjali Halabe

    WVU Senior Associate Vice President for Finance/WVUIC Treasurer

    Total calculated
    $350,756
    From this org
    $0
    From related orgs
    $331,632
    Other
    $19,124
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $285,203 related
    Bonus
    not reported + $44,250 related
    Other
    not reported + $2,179 related
    Deferred
    not reported + $18,300 related
    Nontaxable benefits
    not reported + $824 related
    Filer's total
    not reported + $350,756 related

  • Stephanie Taylor

    WVU VP General Counsel/WVUIC Director

    Total calculated
    $320,733
    From this org
    $0
    From related orgs
    $280,089
    Other
    $40,644
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $278,778 related
    Bonus
    not reported
    Other
    not reported + $1,310 related
    Deferred
    not reported + $17,497 related
    Nontaxable benefits
    not reported + $23,208 related
    Filer's total
    not reported + $320,793 related

  • Fred King Jr

    WVU Vice President for Research/WVUIC Board Director

    Total calculated
    $298,663
    From this org
    $0
    From related orgs
    $273,286
    Other
    $25,377
    Hours/week
    0.25 + 59 related

    Schedule J breakdown matched by us

    Base
    not reported + $273,286 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $16,582 related
    Nontaxable benefits
    not reported + $8,795 related
    Filer's total
    not reported + $298,663 related

  • David Kosslow

    WVU Associate VP for Finance Treasury/WVUIC Treasurer

    Total calculated
    $200,601
    From this org
    $0
    From related orgs
    $169,683
    Other
    $30,918
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    not reported + $166,210 related
    Bonus
    not reported
    Other
    not reported + $3,473 related
    Deferred
    not reported + $10,807 related
    Nontaxable benefits
    not reported + $20,111 related
    Filer's total
    not reported + $200,601 related

  • Rossi Wiles

    WVU Deputy General Counsel for Innovation Research/WVUIC Secretary

    Total calculated
    $180,103
    From this org
    $0
    From related orgs
    $161,473
    Other
    $18,630
    Hours/week
    12.5 + 37.5 related

    Schedule J breakdown matched by us

    Base
    not reported + $156,569 related
    Bonus
    not reported
    Other
    not reported + $4,904 related
    Deferred
    not reported + $9,870 related
    Nontaxable benefits
    not reported + $8,760 related
    Filer's total
    not reported + $180,103 related

  • Justin Dunnicliff

    WVUIC Program Manager/WVURC General and Operations Manager

    Total calculated
    $167,522
    From this org
    $140,962
    From related orgs
    $14,977
    Other
    $11,583
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $140,962 + $14,937 related
    Bonus
    not reported
    Other
    not reported + $40 related
    Deferred
    $5,468 + $767 related
    Nontaxable benefits
    $3,398 + $1,950 related
    Filer's total
    $149,828 + $17,694 related

  • Thomas Heywood

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Marston Becker

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Michael Graney

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Thomas V Flaherty

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • William D Wilmoth

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Stacey K Armstrong

    WVUIC President

    Total calculated
    $0
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    not reported + $248,887 related
    Bonus
    not reported
    Other
    not reported + $51,339 related
    Deferred
    not reported + $44,692 related
    Nontaxable benefits
    not reported + $15,911 related
    Filer's total
    not reported + $360,829 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

  • 2 · Substantiation required before reimbursing expenses
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

Part I Line 4b
Under the West Virginia United Health System certain individuals reported in Part VII participated in a nonqualified retirement plan and received direct cash payments instead of deferral of income. Douglas Coffman received cash distributions of 97,279. These distributions were paid directly to the recipient by WVUHS, reported on their W-2 and are reported in Part II, Column Biii. These amounts are reported along with other types of retirement contributions for the individuals listed and other that are not a part of the nonqualified plan.
Part I Line 4b
During 2022, the following individuals were able to defer compensation under a nonqualified plan. Albert Wright received deferred contributions of 342,343 Stacey Armstrong received deferred contributions of 35,000. The amounts reported here are included in Part II Column C of the Schedule J. Column C can and does include amounts that were contributed as a part of the standard retirement package if it was available to the employee during the year.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313199349306901

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