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← UNIVERSITY TECHNOLOGY DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by UNIVERSITY TECHNOLOGY DEVELOPMENT CORPORATION.

Totals

Total revenue
$251,685
Total expenses
$210,923
Contributions and grants received
$250,000
Grants paid
$10,000
Program service revenue
$0
Investment income
$1,685
Other revenue
$0
Total assets, end of year
$216,929
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$216,929
Program services expenses (Part IX)
$41,500
Management and general expenses
$169,423
Fundraising expenses
$0
Program service expenses (Part III)
$41,500

Program services were 19.7% 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

    $250,000

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $1,685 · excluded $1,685

  • 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.

  • 1 · Grants to domestic organizations and governments

    total $10,000 · program services $10,000

  • 11c · Fees: accounting

    total $111,964 · management and general $111,964

  • 11g · Fees: other

    total $83,171 · program services $31,500 · management and general $51,671 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $3,772 · management and general $3,772

  • 24a · Other expenses: Dues and Subscriptions

    total $2,000 · management and general $2,000

  • 24b · Other expenses: Bank Fees

    total $16 · management and general $16

  • 24e · All other expenses

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

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $180,994 · end of year $216,929

  • 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

  • 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

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,544

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,283 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $176,167 · end of year $216,929

Mission and programs · 2022

Mission

University Technology Development Corporation (UTDC) supports the research mission of the University of Nebraska to advance academic technology transfer by fostering collaboration with industry through licensing research and new venture system.

Activities or mission (Part I)

The University Technology Development Corporation (UTDC) mission is to provide a way to develop and apply the inventions and other intellectual property of the faculty, staff, and students of the University of Nebraska.

  • Advancing academic technology transfer by fostering collaboration with industry partners.

    Expenses $41,500 · Grants $10,000

As filed on the 2022 return.

Listed in Part VII

  • Catherine Lang

    President

    Total calculated
    $226,731
    From this org
    $0
    From related orgs
    $202,827
    Other
    $23,904
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $201,760 related
    Bonus
    $0
    Other
    $0 + $1,067 related
    Deferred
    $0 + $16,358 related
    Nontaxable benefits
    $0 + $7,546 related
    Filer's total
    $0 + $226,731 related

  • Jeffrey P Gold MD

    Chair

    Total calculated
    $1,025,534
    From this org
    $0
    From related orgs
    $982,361
    Other
    $43,173
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $980,631 related
    Bonus
    $0
    Other
    $0 + $1,730 related
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $18,773 related
    Filer's total
    $0 + $1,025,534 related

  • Ken Jones

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • John Wirtz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Julie Bushell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ken Moreano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nancy Keegan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Paul Eurek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christopher Kabourek

    Treasurer

    Total calculated
    $438,272
    From this org
    $0
    From related orgs
    $392,191
    Other
    $46,081
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $391,975 related
    Bonus
    $0
    Other
    $0 + $216 related
    Deferred
    $0 + $25,233 related
    Nontaxable benefits
    $0 + $20,848 related
    Filer's total
    $0 + $438,272 related

  • Stacia Palser

    Secretary

    Total calculated
    $329,557
    From this org
    $0
    From related orgs
    $281,265
    Other
    $48,292
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $281,097 related
    Bonus
    $0
    Other
    $0 + $168 related
    Deferred
    $0 + $23,142 related
    Nontaxable benefits
    $0 + $25,150 related
    Filer's total
    $0 + $329,557 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

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 · 100% owned · share of income $902,635 · share of assets $441,271 · controlled entity

    Directly controlled by UNIV TECH

Provenance

Return type
form_990
Tax year
2022
Filed
8 March 2024
IRS schema version
2022v5.0
Source object
202430689349300808

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