VIRGINIA COMMONWEALTH UNIVERSITY INTELLECTUAL PROPERTY FOUNDATION

As filed

Subsection

03

NTEE code

H99Z

Classification

1000

Street

800 E LEIGH ST STE 3000

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• TO PROTECT AND COMMERCIALIZE VCU TECHNOLOGIES THROUGH PATENTING AND LICENSING. DURING THE FISCAL YEAR ENDED JUNE 30, 2024, THE VIRGINIA COMMONWEALTH UNIVERSITY INTELLECTUAL PROPERTY FOUNDATION HAD - 1110 NEW INVENTION DISCLOSURES BY VCU INVENTORS - 171 PATENT APPLICATIONS FILED - 20 PATENTS ISSUED - 27 LICENSES AND OPTIONS - 17 PROOF-OF-CONCEPT GRANTS - 17 START-UP LICENSES AND 8 NEW VENTURES.

  Expenses $2,968,655 · Revenue $3,197,659

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

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $3,946,392

  Expenses

  $3,154,296

  Contributions

  $711,743

  Grants paid

  $0

• 2023

  Revenue

  $3,349,198

  Expenses

  $3,190,692

  Contributions

  $538,322

  Grants paid

  $0

• 2022

  Revenue

  $2,808,546

  Expenses

  $2,987,908

  Contributions

  $419,833

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $3,452,341

  Expenses

  $3,503,592

  Assets (EOY)

  $4,582,975

• 2020 · 990

  Revenue

  $2,855,474

  Expenses

  $2,935,342

  Assets (EOY)

  $4,910,012

• 2019 · 990

  Revenue

  $2,442,400

  Expenses

  $2,678,377

  Assets (EOY)

  $4,538,318

• 2018 · 990

  Revenue

  $2,548,417

  Expenses

  $2,893,770

  Assets (EOY)

  $4,240,527

• 2017 · 990

  Revenue

  $2,617,743

  Expenses

  $2,383,319

  Assets (EOY)

  $4,268,007

• 2016 · 990

  Revenue

  $6,657,713

  Expenses

  $4,328,267

  Assets (EOY)

  $7,015,894

• 2015 · 990

  Revenue

  $2,283,813

  Expenses

  $2,047,748

  Assets (EOY)

  $3,086,106

• 2014 · 990

  Revenue

  $2,443,659

  Expenses

  $1,914,397

  Assets (EOY)

  $2,725,376

• 2013 · 990

  Revenue

  $1,831,832

  Expenses

  $1,574,195

  Assets (EOY)

  $2,202,831

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• VIRGINIA INNOVATION PARTNERSHIP CORPORATION

  $249,874

  2022 · RESEARCH

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Other IRS files