Civic Intelligence

University of Virginia Patent Foundation

EIN 54-1045487 • 501(c)3 • Charlottesville, VA

View Organization Page

Profile

To maximize the impact of uva's innovation assets via commercialization, while providing high levels of customer service, value-added business development, new venture creation, and a focus on driving quality transactions.

722 Preston Avenue 107Charlottesville, VA 22903

lvg.virginia.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.92x

Higher debt load relative to assets than 91% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

86th percentile

1.61x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

35th percentile

-0.3%

Higher net margin than 35% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

94th percentile

$737,899

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

50th percentile

4.3%

Faster asset growth than 50% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

63rd percentile

14%

Faster revenue growth than 63% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$19,864,383

Up $821,067 (+4.3%) from 2024

Liabilities

Up

$18,275,994

Up $741,904 (+4.2%) from 2024

Net Assets

Up

$1,588,389

Up $79,163 (+5.2%) from 2024

Operations
Liabilities / Revenue86th percentileNet Margin35th percentile

Revenue

Up

$11,383,590

Up $1,422,142 (+14%) from 2024

Expenses

Up

$11,420,744

Up $1,463,266 (+15%) from 2024

Net Income

Down

-$37,154

Down $41,124 (-1036%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth50th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $3,799,742Liabilities 2011: $940,881Net Assets 2011: $2,858,8612011Assets 2012: $2,554,125Liabilities 2012: $921,805Net Assets 2012: $1,632,3202012Assets 2013: $1,713,939Liabilities 2013: $721,432Net Assets 2013: $992,5072013Assets 2014: $3,132,241Liabilities 2014: $1,896,080Net Assets 2014: $1,236,1612014Assets 2015: $1,693,403Liabilities 2015: $941,268Net Assets 2015: $752,1352015Assets 2016: $4,449,602Liabilities 2016: $3,655,027Net Assets 2016: $794,5752016Assets 2017: $3,275,864Liabilities 2017: $1,904,355Net Assets 2017: $1,371,5092017Assets 2018: $10,184,019Liabilities 2018: $8,840,707Net Assets 2018: $1,343,3122018Assets 2019: $16,011,199Liabilities 2019: $14,623,486Net Assets 2019: $1,387,7132019Assets 2020: $16,395,232Liabilities 2020: $14,959,305Net Assets 2020: $1,435,9272020Assets 2021: $17,324,397Liabilities 2021: $15,864,462Net Assets 2021: $1,459,9352021Assets 2022: $21,114,215Liabilities 2022: $19,613,912Net Assets 2022: $1,500,3032022Assets 2023: $19,920,463Liabilities 2023: $18,415,207Net Assets 2023: $1,505,2562023Assets 2024: $19,043,316Liabilities 2024: $17,534,090Net Assets 2024: $1,509,2262024Assets 2025: $19,864,383Liabilities 2025: $18,275,994Net Assets 2025: $1,588,3892025

Highlighted filing

2025

Assets$19,864,383
Liabilities$18,275,994
Net Assets$1,588,389
Open 2025 Filing

Operations Trend

Revenue Growth63rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $7,859,973Expenses 2011: $7,928,087Net Income 2011: -$68,1142011Revenue 2012: $6,332,025Expenses 2012: $7,558,566Net Income 2012: -$1,226,5412012Revenue 2013: $4,794,332Expenses 2013: $5,434,145Net Income 2013: -$639,8132013Revenue 2014: $6,805,156Expenses 2014: $6,561,502Net Income 2014: $243,6542014Revenue 2015: $5,742,302Expenses 2015: $6,226,328Net Income 2015: -$484,0262015Revenue 2016: $10,065,269Expenses 2016: $10,022,829Net Income 2016: $42,4402016Revenue 2017: $8,497,958Expenses 2017: $7,921,024Net Income 2017: $576,9342017Revenue 2018: $8,250,055Expenses 2018: $8,278,252Net Income 2018: -$28,1972018Revenue 2019: $9,657,639Expenses 2019: $9,613,238Net Income 2019: $44,4012019Revenue 2020: $11,092,298Expenses 2020: $11,044,084Net Income 2020: $48,2142020Revenue 2021: $17,080,240Expenses 2021: $17,056,232Net Income 2021: $24,0082021Revenue 2022: $9,580,641Expenses 2022: $9,540,273Net Income 2022: $40,3682022Revenue 2023: $9,568,923Expenses 2023: $9,563,970Net Income 2023: $4,9532023Revenue 2024: $9,961,448Expenses 2024: $9,957,478Net Income 2024: $3,9702024Revenue 2025: $11,383,590Expenses 2025: $11,420,744Net Income 2025: -$37,1542025

Highlighted filing

2025

Revenue$11,383,590
Expenses$11,420,744
Net Income-$37,154
Open 2025 Filing

Filings

Most recent year

2025 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$19,864,383
Liabilities
$18,275,994
Net assets
$1,588,389
Revenue
$11,383,590
Expenses
$11,420,744
Net income
-$37,154
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.9$18.3$1.59$11.4$11.4$0.04
2024Summary only. Only limited summary data is available for this year.$19.0$17.5$1.51$9.96$9.96$0.00
2023Summary only. Only limited summary data is available for this year.$19.9$18.4$1.51$9.57$9.56$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.1$19.6$1.50$9.58$9.54$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.3$15.9$1.46$17.1$17.1$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.4$15.0$1.44$11.1$11.0$0.05
2019Summary only. Only limited summary data is available for this year.$16.0$14.6$1.39$9.66$9.61$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.2$8.84$1.34$8.25$8.28$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.28$1.90$1.37$8.50$7.92$0.58
2016Summary only. Only limited summary data is available for this year.$4.45$3.66$0.79$10.1$10.0$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.69$0.94$0.75$5.74$6.23$0.48
2014Summary only. Only limited summary data is available for this year.$3.13$1.90$1.24$6.81$6.56$0.24
2013Summary only. Only limited summary data is available for this year.$1.71$0.72$0.99$4.79$5.43$0.64
2012Summary only. Only limited summary data is available for this year.$2.55$0.92$1.63$6.33$7.56$1.23
2011Summary only. Only limited summary data is available for this year.$3.80$0.94$2.86$7.86$7.93$0.07
Latest Detailed Filing

The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 15, 2023
Return Version
2021v4.2
Gross Receipts
$9,580,641
Mission and Program Overview

Mission

To maximize the impact of uva's innovation assets via commercialization, while providing high levels of customer service, value-added business development, new venture creation, and a focus on driving quality transactions.

The principal activity of the foundation is to support the university's 2030 plan to become a "great and good university and to "enable discoveries that enrich and improve lives" via commercialization of university research and intellectual property. This activity includes supporting the university's industry and translational research initiatives; performing due-diligence on solicited and disclosed intellectual property; preparing and filing patent applications, copyrights, and trademarks; engaging in business development; negotiating and executing license agreements; supporting new venture creation; investing in uva portfolio companies; monitoring compliance; and distributing income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,538,298$3,897,434▲ $1,359,136
Accounts Receivable$1,294,364$2,784,805▲ $1,490,441
Prepaid Expenses and Deferred Charges$183,266$183,747▲ $481
Land, Buildings, and Equipment, Net$72,440$80,985▲ $8,545
Cash and Non-Interest-Bearing Accounts$166$166→ $0
Total Assets$17,324,397$21,114,215▲ $3,789,818
Other Assets Total$13,235,863$14,167,078▲ $931,215
Liabilities
Other Liabilities$15,181,278$18,550,578▲ $3,369,300
Accounts Payable and Accrued Expenses$683,184$1,063,334▲ $380,150
Total Liabilities$15,864,462$19,613,912▲ $3,749,450
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,459,935$1,500,303▲ $40,368
Total Net Assets Fund Balance$1,459,935$1,500,303▲ $40,368
Total Liabilities and Net Assets / Fund Balance$17,324,397$21,114,215▲ $3,789,818

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$20,076$465,869$485,945
Equipment$59,204$97,704$156,908
Leasehold Improvements$1,705$51,232$52,937
Other Assets Org$7,146,383--
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert DeckerSenior Patent CounselFT$207,767$50,526$258,293
Robert CreedenInterim Executive DirectorFT$217,938$35,626$253,564
Michael StraightiffExecutive Director (to 06/2021)FT$156,369$54,424$210,793
Joshua MauldinDirector of LicensingFT$117,996$33,038$151,034
Marc OettingerLicensing ManagerFT$112,529$30,692$143,221
Olivia BenjaminManager of Financial OperationsFT$96,934$15,476$112,410
Ronald NewboldVice Chair-$14,000-$14,000

Board Members and Trustees

NameTitle
Peter Grant IiChair
Erik HewlettDirector
Jennifer WestDirector
John MacfarlaneDirector
Kwame UlmerDirector
Melur RamasubramanianDirector
Michael LenoxDirector
Paul MichelDirector
Jill SimandlDirector of Finance (eff 04/2022)
Richard ChyllaExecutive Director (eff 01/2022)
John LazoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Jenkins Wilson Taylor & Hunt PaOutside Patent Counsel3015 CARRINGTON MILL BLVD SUITE 5, Morrisville, NC 27560$646,931
Buchanan Ingersoll & Rooney PCOutside Patent Counsel1700 K STREET NW SUITE 300, Washington, DC 20006-3807$461,532
Schwegman Lundberg Woessner & Kluth PaOutside Patent Counsel1600 TCF TOWER 121 SOUTH 8TH ST, Minneapolis, MN 55402$243,458
Meunier Carlin & Curfman LLCOutside Patent Counsel999 PEACHTREE ST NE SUITE 1300, Atlanta, GA 30309$171,766
Mccarter & English LLPOutside Patent Counsel100 MULBERRY STREET, Newark, NJ 07102$114,857
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$9,577,863
Investment Income
$2,778
Other Revenue
$0
Change in Net Assets
$40,368

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,580,641
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$9,580,641
Total Revenue per Form 990
$9,580,641
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,836,837
Salaries, Compensation, and Employee Benefits$1,933,414
Grants and Similar Amounts Paid$1,770,022
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,770,022--$1,770,022
Royalties$1,568,125--$1,568,125
Other Salaries and Wages$1,145,606$181,937-$1,327,543
Occupancy$167,363$81,123-$248,486
Current Officers, Directors, Trustees, and Key Employees$96,161$111,375-$207,536
Other Employee Benefits$142,982$29,583-$172,565
Pension Plan Contributions$109,909$20,540-$130,449
Other Expenses$0$114,416-$114,416
Information Technology$75,182$36,442-$111,624
Payroll Taxes$77,218$18,103-$95,321
Fees for Services Legal$69,056$2,693-$71,749
Advertising$54,230$7,782-$62,012
Fees for Services Accounting-$55,319-$55,319
Depreciation Depletion$33,333$16,156-$49,489
Fees for Services Other-$42,181-$42,181
Insurance$21,225$10,934-$32,159
Conferences and Meetings$27,835--$27,835
Office Expenses$14,323$6,942-$21,265
All Other Expenses$13,512$6,831-$20,343
Total Functional Expenses$8,797,916$742,357$0$9,540,273

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,540,273
Total Expenses per Audited Statements$9,540,273
Total Expenses per Form 990$9,540,273
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of VirginiaCharlottesville, VA170(b)(1)(a)(vi)The Foundation Is a Supporting Organization for the University of Virginia. the Amount of Cash Paid to the University for Distributions of Royalities to the Innovation & Scholarly Activities Fund and to the University Is Based on the Agreement Between the Foundation and the University of Virginia. the Payment Does Not Include Any Refund for Overpayment of Fees for Services Rendered.$1,770,022
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Investments Held for Uva Lvg Seed Fund$7,146,383
Investments Held for Venture Fund$6,832,246
Distributions Payable to Uva$1,316,741
Distributions Payable to I&sa Fund$1,191,552
Distributions Payable to Inventors$1,094,999
Distributions Payable to Others$539,815
Fees and Royalties Received in Advance$248,145
Accrued Vacation$179,976
LAWYERS' ESCROW ACCOUNT$721
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 is presented to the audit committee for approval prior to filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“Lvg's conflict of interest policy states that each member of the board of directors submit a conflict of interest disclosure statement annually.”

Form 990, Part VI, Section B, Line 15

“The executive director's salary is determined by the executive committee and approved by the board. Key employee's salaries are determined by the executive director and approved by the board.”

Form 990, Part VI, Section C, Line 18

“Forms 1023 and 990 are available to the public upon request.”

Form 990, Part VI, Section C, Line 19

“All governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Form 990 Part VII and Schedule J Part II

“Certain directors are full time employees of the university of virginia, the supported organization. Compensation paid by the university of virginia for these directors is reported on form 990 part vii and schedule j part ii.”

Form 990, Part VII and Schedule J, Part II

“Three of the foundation's board members are appointed by the university of virginia. Numerous other board members are affiliated with the university.”

Filing and Contact Details

Filer

Filer Name
University of Virginia Patent Foundation
EIN
54-1045487
Phone
4349242175
Address
722 PRESTON AVENUE 107, CHARLOTTESVILLE, VA 22903
Doing Business As
University of Virginia Licensing and Ventures Group

Signing Officer

Name
Richard Chylla
Title
Executive Director
Phone
4349242175
Signed
2023-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Chylla
Formed
1978
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
6
Employees
19
Volunteers
6

Preparer

Firm
Hantzmon Wiebel Llp
Address
PO BOX 1408, CHARLOTTESVILLE, VA 22902
Preparer
Travis W Simpson
Phone
4342962156
Supplemental Narrative

Additional Explanations

Form 990, Part XII

“The foundation's board of directors has an audit committee that is responsible for selection and retention of the independent auditors. This process has not changed from the prior years.”

Schedule A, Part I, Line 11G, Column V

“The amount of support provided to the university of virginia is determined by the foundation's total program service expenses. The foundation is functionally integrated and all program expenses incurred are for the benefit of the university of virginia, and consequently, for their support.”

Financial Statement Notes

PART X, LINE 2:

“The foundation has reviewed and evaluated the relevant technical merits of each of its tax positions in accordance with guidance established by the financial accounting standards board and determined that there are no uncertain tax positions that would have a material impact on the financial statements of the foundation.”

Raw XML AppendixShowing 400 of 775 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01063334
IRS990/AccountsReceivableGrp/BOYAmt01294364
IRS990/AccountsReceivableGrp/EOYAmt02784805
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE PRINCIPAL ACTIVITY OF THE FOUNDATION IS TO SUPPORT THE UNIVERSITY'S 2030 PLAN TO BECOME A "GREAT AND GOOD UNIVERSITY AND TO "ENABLE DISCOVERIES THAT ENRICH AND IMPROVE LIVES" VIA COMMERCIALIZATION OF UNIVERSITY RESEARCH AND INTELLECTUAL PROPERTY. THIS ACTIVITY INCLUDES SUPPORTING THE UNIVERSITY'S INDUSTRY AND TRANSLATIONAL RESEARCH INITIATIVES; PERFORMING DUE-DILIGENCE ON SOLICITED AND DISCLOSED INTELLECTUAL PROPERTY; PREPARING AND FILING PATENT APPLICATIONS, COPYRIGHTS, AND TRADEMARKS; ENGAGING IN BUSINESS DEVELOPMENT; NEGOTIATING AND EXECUTING LICENSE AGREEMENTS; SUPPORTING NEW VENTURE CREATION; INVESTING IN UVA PORTFOLIO COMPANIES; MONITORING COMPLIANCE; AND DISTRIBUTING INCOME.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt07782
IRS990/AdvertisingGrp/ProgramServicesAmt054230
IRS990/AdvertisingGrp/TotalAmt062012
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt06831
IRS990/AllOtherExpensesGrp/ProgramServicesAmt013512
IRS990/AllOtherExpensesGrp/TotalAmt020343
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum04349242175
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0722 PRESTON AVENUE 107
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHARLOTTESVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd022903
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0166
IRS990/CashNonInterestBearingGrp/EOYAmt0166
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt05
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0111375
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt096161
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0207536
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt027835
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IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0646931
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IRS990/ContractorCompensationGrp/CompensationAmt2243458
IRS990/ContractorCompensationGrp/CompensationAmt3171766
IRS990/ContractorCompensationGrp/CompensationAmt4114857
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3999 PEACHTREE ST NE SUITE 1300
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt4100 MULBERRY STREET
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1WASHINGTON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2MINNEAPOLIS
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4NEWARK
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0NC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1DC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2MN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3GA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4NJ
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd027560
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd1200063807
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd255402
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd330309
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3MEUNIER CARLIN & CURFMAN LLC
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IRS990/ContractorCompensationGrp/ServicesDesc0OUTSIDE PATENT COUNSEL
IRS990/ContractorCompensationGrp/ServicesDesc1OUTSIDE PATENT COUNSEL
IRS990/ContractorCompensationGrp/ServicesDesc2OUTSIDE PATENT COUNSEL
IRS990/ContractorCompensationGrp/ServicesDesc3OUTSIDE PATENT COUNSEL
IRS990/ContractorCompensationGrp/ServicesDesc4OUTSIDE PATENT COUNSEL
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt01770022
IRS990/CYInvestmentIncomeAmt02778
IRS990/CYOtherExpensesAmt05836837
IRS990/CYOtherRevenueAmt00
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IRS990/CYRevenuesLessExpensesAmt040368
IRS990/CYSalariesCompEmpBnftPaidAmt01933414
IRS990/CYTotalExpensesAmt09540273
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt09580641
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt016156
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12MANAGER OF FINANCIAL OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE DIRECTOR (EFF 01/2022)
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR OF FINANCE (EFF 04/2022)
IRS990/Form990PartVIISectionAGrp/TitleTxt15SENIOR PATENT COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF LICENSING
IRS990/Form990PartVIISectionAGrp/TitleTxt17LICENSING MANAGER
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IRS990/MissionDesc0TO MAXIMIZE THE IMPACT OF UVA'S INNOVATION ASSETS VIA COMMERCIALIZATION, WHILE PROVIDING HIGH LEVELS OF CUSTOMER SERVICE, VALUE-ADDED BUSINESS DEVELOPMENT, NEW VENTURE CREATION, AND A FOCUS ON DRIVING QUALITY TRANSACTIONS.
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IRS990/ProgramServiceRevenueGrp/Desc0IP SERVICES TO UVA
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IRS990/ProgSrvcAccomActy2Grp/Desc0LICENSING: THE LICENSING DEPARTMENT EVALUATES, MARKETS, AND LICENSES INVENTIONS. DURING THE FISCAL YEAR ENDED 2022, LVG SOLICITED 226 INVENTION DISCLOSURES FROM UVA FACULTY, STAFF, AND STUDENT INVENTORS AND EXECUTED 85 COMMERCIAL TRANSACTIONS.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt05561827
IRS990/ProgSrvcAccomActy3Grp/Desc0NEW VENTURES: LVG PROVIDES RESOURCES AND EXPERTISE TO SUPPORT THE ENTREPRENEURIAL AND INVESTMENT PROCESS. DURING THE FISCAL YEAR ENDED 2022, LVG HELPED LAUNCH 5 NEW VENTURES. ADDITIONALLY, LVG MANAGES AN INNOVATION FUND, WHICH IS COMPRISED OF SEED FUNDING AND VENTURE FUNDING, IN COLLABORATION WITH THE UNIVERSITY OF VIRGINIA AND THE UNIVERSITY OF VIRGINIA HEALTH SYSTEM.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAM SERVICES: LVG PROVIDES A VARIETY OF OTHER PROGRAMS, GENERALLY AT THE REQUEST OF UVA.
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