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Nonprofiteer
← NUTECH VENTURES

Form 990 for tax year 2023

Filed by NUTECH VENTURES.

Totals

Total revenue
$6,262,143
Total expenses
$6,302,995
Contributions and grants received
$1,267,278
Grants paid
$0
Program services expenses (Part IX)
$6,302,995
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$6,302,995

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Marc LeBaron

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Michael Zeleny

    Secretary

    Total calculated
    $417,922
    From this org
    $0
    From related orgs
    $357,916
    Other
    $60,006
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $357,379 related
    Bonus
    $0
    Other
    $0 + $537 related
    Deferred
    $0 + $29,584 related
    Nontaxable benefits
    $0 + $30,422 related
    Filer's total
    $0 + $417,922 related

  • Rebecca Zavala

    Assistant Secretary

    Total calculated
    $260,026
    From this org
    $0
    From related orgs
    $214,233
    Other
    $45,793
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $214,089 related
    Bonus
    $0
    Other
    $0 + $144 related
    Deferred
    $0 + $17,907 related
    Nontaxable benefits
    $0 + $27,886 related
    Filer's total
    $0 + $260,026 related

  • Robert Wilhelm

    Vice Chairman (THRU 10/2023)

    Total calculated
    $404,521
    From this org
    $0
    From related orgs
    $361,968
    Other
    $42,553
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $360,914 related
    Bonus
    $0
    Other
    $0 + $1,054 related
    Deferred
    $0 + $24,769 related
    Nontaxable benefits
    $0 + $17,784 related
    Filer's total
    $0 + $404,521 related

  • Connie Edmond

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jay Wilkinson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Michael Boehm

    Board Member

    Total calculated
    $421,643
    From this org
    $0
    From related orgs
    $375,018
    Other
    $46,625
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $374,657 related
    Bonus
    $0
    Other
    $0 + $361 related
    Deferred
    $0 + $24,783 related
    Nontaxable benefits
    $0 + $21,842 related
    Filer's total
    $0 + $421,643 related

  • Natasha Plooster

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Rodney Bennett

    Chancellor

    Total calculated
    $871,378
    From this org
    $0
    From related orgs
    $808,322
    Other
    $63,056
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $803,392 related
    Bonus
    $0
    Other
    $0 + $4,930 related
    Deferred
    $0 + $38,400 related
    Nontaxable benefits
    $0 + $24,656 related
    Filer's total
    $0 + $871,378 related

  • Sherri Jones

    Vice Chancellor

    Total calculated
    $690,129
    From this org
    $0
    From related orgs
    $593,413
    Other
    $96,716
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $592,304 related
    Bonus
    $0
    Other
    $0 + $1,109 related
    Deferred
    $0 + $48,768 related
    Nontaxable benefits
    $0 + $47,948 related
    Filer's total
    $0 + $690,129 related

  • Brad Roth

    President

    Total calculated
    $258,104
    From this org
    $0
    From related orgs
    $218,464
    Other
    $39,640
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $187,195 related
    Bonus
    $0 + $30,199 related
    Other
    $0 + $1,070 related
    Deferred
    $0 + $18,079 related
    Nontaxable benefits
    $0 + $21,561 related
    Filer's total
    $0 + $258,104 related

  • Lacey Rohe

    Treasurer

    Total calculated
    $218,590
    From this org
    $0
    From related orgs
    $175,743
    Other
    $42,847
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $175,599 related
    Bonus
    $0
    Other
    $0 + $144 related
    Deferred
    $0 + $14,838 related
    Nontaxable benefits
    $0 + $28,009 related
    Filer's total
    $0 + $218,590 related

  • Cheryl Horst

    Associate Director

    Total calculated
    $203,244
    From this org
    $0
    From related orgs
    $156,629
    Other
    $46,615
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $145,328 related
    Bonus
    $0 + $11,139 related
    Other
    $0 + $162 related
    Deferred
    $0 + $13,543 related
    Nontaxable benefits
    $0 + $33,072 related
    Filer's total
    $0 + $203,244 related

  • Jeewan Jyot

    Director of Licensing

    Total calculated
    $183,614
    From this org
    $0
    From related orgs
    $151,619
    Other
    $31,995
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $141,110 related
    Bonus
    $0 + $10,329 related
    Other
    $0 + $180 related
    Deferred
    $0 + $12,180 related
    Nontaxable benefits
    $0 + $19,815 related
    Filer's total
    $0 + $183,614 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 — 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
  • 6a · Pay contingent on this organization's net earnings

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
  • 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
THE RELATED ORGANIZATION, UNIVERSITY OF NEBRASKA, REVIEWS AND APPROVES COMPENSATION.
Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization
NUTECH VENTURES PROVIDES A BONUS FOR CHERYL HORST AND JEEWAN JYOT BASED ON TEAM AND INDIVIDUAL METRICS. THE TEAM METRICS ARE QUANTITATIVE AND QUALITATIVE ACCOMPLISHMENTS FOR THE YEAR INCLUDING NUMBER OF LICENSES AND OPTIONS, NEW INVENTION DISCLOSURES, NEW GROSS REVENUE, CAMPUS OUTREACH INTERACTIONS, ENTREPRENEURSHIP, MARKETING CAMPAIGNS, SPECIAL PROJECTS, AND PROCESSING NEW INVENTIONS. THE INDIVIDUAL METRICS ARE MORE QUALITATIVE BASED ACCOMPLISHMENTS FOR THE YEAR INCLUDING LEGAL LICENSE REVIEW, PATENT PROSECUTION, MANAGEMENT AND LEADERSHIP, PROFESSIONAL DEVELOPMENT, AND STATEMENT OF WORK DEVELOPMENT. THE METRIC CONTINGENT UPON REVENUE OF THE ORGANIZATION IS A RELATIVELY SMALL PORTION AND TEAM BASED. THE OVERALL DECISION PROCESS HAS SEVERAL OTHER METRICS OBSERVED, AS STATED ABOVE.
Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization
NUtech Ventures provides a bonus for Brad Roth based on team and individual metrics. The team metrics are quantitative accomplishments for the year including number of startups companies supported, number of partnerships, and number of industry research expenditures. The individual metrics are quantitative and qualitative accomplishments for the year including that operations come in at or under the board approved budget, inventors served, and number of new invention disclosures. The metric contingent upon net earnings is a relatively small portion and individual based. Individual metrics combined account for approximately 25% of the overall decision for a bonus.

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
2023
Filed
11 February 2025
IRS schema version
2023v6.0
Source object
202510429349301571

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

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