2023-02-17T10:52:09-06:00 2022-06-30 540618213 HANTZMON WIEBEL LLP PO BOX 1408 CHARLOTTESVILLE VA 22902 990 2021-07-01 541045487 UNIVERSITY OF VIRGINIA PATENT FOUNDATION UNIV 4349242175 722 PRESTON AVENUE 107 CHARLOTTESVILLE VA 22903 RICHARD CHYLLA EXECUTIVE DIRECTOR 4349242175 2023-02-15 1 RICHARD CHYLLA 999009999 TRAVIS W SIMPSON P00481332 4342962156 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z UNIVERSITY OF VIRGINIA LICENSING AND VENTURES GROUP RICHARD CHYLLA 722 PRESTON AVENUE 107 CHARLOTTESVILLE VA 22903 9580641 0 X LVG.VIRGINIA.EDU X 1978 VA 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. 10 6 19 6 0 0 0 0 17079748 9577863 492 2778 0 0 17080240 9580641 2911048 1770022 0 0 2605465 1933414 0 0 0 11539719 5836837 17056232 9540273 24008 40368 17324397 21114215 15864462 19613912 1459935 1500303 X 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. 0 0 3707913 4016036 PATENTING: THE PATENTING DEPARTMENT PREPARES AND FILES PATENT APPLICATIONS. DURING THE FISCAL YEAR ENDED 2022, THE UNIVERSITY OF VIRGINIA PATENT FOUNDATION D/B/A UNIVERSITY OF VIRGINIA LICENSING AND VENTURES GROUP (LVG OR THE FOUNDATION) WAS AWARDED 53 U.S. PATENTS. 4378759 1770022 5561827 LICENSING: 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. 709732 NEW 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. 1512 OTHER PROGRAM SERVICES: LVG PROVIDES A VARIETY OF OTHER PROGRAMS, GENERALLY AT THE REQUEST OF UVA. 1512 8797916 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 219 0 19 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X THE ORGANIZATION 4349242175 722 PRESTON AVENUE 107 CHARLOTTESVILLE VA 22903 ERIK HEWLETT DIRECTOR 1.00 X 0 0 0 MICHAEL LENOX DIRECTOR 1.00 40.00 X 0 501306 68667 JOHN MACFARLANE DIRECTOR 1.00 X 0 0 0 RONALD NEWBOLD VICE CHAIR 1.00 X 14000 0 0 JENNIFER WEST DIRECTOR 1.00 40.00 X 0 318955 50479 MELUR RAMASUBRAMANIAN DIRECTOR 1.00 40.00 X 0 417373 51601 PAUL MICHEL DIRECTOR 1.00 X 0 0 0 KWAME ULMER DIRECTOR 1.00 X 0 0 0 PETER GRANT II CHAIR 1.00 X 0 0 0 JOHN LAZO TREASURER 1.00 X 0 0 0 MICHAEL STRAIGHTIFF EXECUTIVE DIRECTOR (TO 06/2021) 40.00 X 183869 0 26924 ROBERT CREEDEN INTERIM EXECUTIVE DIRECTOR 40.00 X 217938 0 35626 OLIVIA BENJAMIN MANAGER OF FINANCIAL OPERATIONS 40.00 X 96934 0 15476 RICHARD CHYLLA EXECUTIVE DIRECTOR (EFF 01/2022) 40.00 X 0 0 0 JILL SIMANDL DIRECTOR OF FINANCE (EFF 04/2022) 40.00 X 0 0 0 ROBERT DECKER SENIOR PATENT COUNSEL 40.00 X 207767 0 50526 JOSHUA MAULDIN DIRECTOR OF LICENSING 40.00 X 117996 0 33038 MARC OETTINGER LICENSING MANAGER 40.00 X 112529 0 30692 951033 1237634 363029 5 0 1 0 JENKINS WILSON TAYLOR & HUNT PA 3015 CARRINGTON MILL BLVD SUITE 5 MORRISVILLE NC 27560 OUTSIDE PATENT COUNSEL 646931 BUCHANAN INGERSOLL & ROONEY PC 1700 K STREET NW SUITE 300 WASHINGTON DC 200063807 OUTSIDE PATENT COUNSEL 461532 SCHWEGMAN LUNDBERG WOESSNER & KLUTH PA 1600 TCF TOWER 121 SOUTH 8TH ST MINNEAPOLIS MN 55402 OUTSIDE PATENT COUNSEL 243458 MEUNIER CARLIN & CURFMAN LLC 999 PEACHTREE ST NE SUITE 1300 ATLANTA GA 30309 OUTSIDE PATENT COUNSEL 171766 MCCARTER & ENGLISH LLP 100 MULBERRY STREET NEWARK NJ 07102 OUTSIDE PATENT COUNSEL 114857 5 IP SERVICES TO UVA 900099 4419921 4419921 LICENSE FEES & ROYALTI 900099 2718764 2718764 PATENT COSTS REIMBURSE 900099 1806076 1806076 EQUITY LIQUIDATIONS 900099 633102 633102 9577863 2778 2778 9580641 9577863 0 2778 1770022 1770022 207536 96161 111375 1327543 1145606 181937 130449 109909 20540 172565 142982 29583 95321 77218 18103 71749 69056 2693 55319 55319 42181 42181 62012 54230 7782 21265 14323 6942 111624 75182 36442 1568125 1568125 248486 167363 81123 27835 27835 49489 33333 16156 32159 21225 10934 PATENT DEVELOPMENT COST 3101334 3101334 CONSULTING FEES 160500 160500 UNCOLLECTIBLE ROYALTY & 150000 150000 RECRUITMENT AND EMPLOYE 114416 0 114416 20343 13512 6831 9540273 8797916 742357 0 166 166 2538298 3897434 1294364 2784805 183266 183747 695790 614805 72440 80985 13235863 14167078 17324397 21114215 683184 1063334 15181278 18550578 15864462 19613912 X 1459935 1500303 1459935 1500303 17324397 21114215 40368 0 X X 0 1 X 1 0 X X 1 UNIVERSITY OF VIRGINIA 546001796 6 1 3552227 0 1 3552227 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X SCHEDULE A, PART VI, SECTION E, LINE 1C 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. IF THESE ACTIVITIES WERE NOT PERFORMED BY THE FOUNDATION, THEY WOULD BE PERFORMED BY THE UNIVERSITY. ALL EXPENSES INCURRED FOR EXECUTING THESE ACTIVITIES ARE FOR THE BENEFIT OF THE UNIVERSITY, AND CONSEQUENTLY, FOR THEIR SUPPORT. 52937 51232 1705 156908 97704 59204 485945 465869 20076 80985 LAWYERS' ESCROW ACCOUNT 721 DEPOSIT 14583 PREPAID ROYALTY DISTRIBUTIONS 173145 INVESTMENTS HELD FOR VENTURE FUND 6832246 INVESTMENTS HELD FOR UVA LVG SEED FUND 7146383 14167078 DISTRIBUTIONS PAYABLE TO UVA 1316741 DISTRIBUTIONS PAYABLE TO I&SA FUND 1191552 DISTRIBUTIONS PAYABLE TO INVENTORS 1094999 DISTRIBUTIONS PAYABLE TO OTHERS 539815 ACCRUED VACATION 179976 LAWYERS' ESCROW ACCOUNT 721 FEES AND ROYALTIES RECEIVED IN ADVANCE 248145 INVESTMENTS HELD FOR VENTURE FUND 6832246 INVESTMENTS HELD FOR UVA LVG SEED FUND 7146383 18550578 X 9580641 0 9580641 0 9580641 9540273 0 9540273 0 9540273 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. 1 UNIVERSITY OF VIRGINIA UNIVERSITY AVENUE CHARLOTTESVILLE VA 22902 546001796 170(B)(1)(A)(VI) 1770022 0 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. PART I, LINE 2: 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. X X 0 0 0 0 0 0 0 0 0 MICHAEL LENOX DIRECTOR 0 465524 0 35000 0 782 0 34994 0 33673 0 569973 0 0 MELUR RAMASUBRAMANIAN DIRECTOR 0 379227 0 35000 0 3146 0 34458 0 17143 0 468974 0 0 JENNIFER WEST DIRECTOR 0 223382 0 75000 0 20573 0 35933 0 14546 0 369434 0 0 ROBERT DECKER SENIOR PATENT COUNSEL 207767 0 0 0 0 0 20871 0 29655 0 258293 0 0 0 ROBERT CREEDEN INTERIM EXECUTIVE DIRECTOR 217938 0 0 0 0 0 22490 0 13136 0 253564 0 0 0 MICHAEL STRAIGHTIFF EXECUTIVE DIRECTOR (TO 06/2021) 156369 0 0 0 27500 0 16435 0 10489 0 210793 0 0 0 JOSHUA MAULDIN DIRECTOR OF LICENSING 117996 0 0 0 0 0 12220 0 20818 0 151034 0 0 0 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 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. 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. 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. UVA APPS LLC 722 PRESTON AVENUE SUITE 107 CHARLOTTESVILLE VA 22903 465427394 LICENSING OF INTERNET APPLICATIONS VA 0 4446 UVA PATENT FOUNDATION UNIVERSITY OF VIRGINIA (RECTOR & BOARD) UNIVERSITY AVENUE CHARLOTTESVILLE VA 22902 546001796 PROMOTE & AID SCIENTIFIC INVESTIGATION & RESEARCH AT UNIVERSITY OF VIRGINIA VA SECTION 170(B)(1)(A) 6 N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0