2023-05-02T14:45:24-05:00 2022-06-30 910189318 MOSS ADAMS LLP 6565 AMERICAS PARKWAY NE STE 600 ALBUQUERQUE NM 87110 990 2021-07-01 850413634 UNM RAINFOREST INNOVATIONS UNMR 5052727900 101 BROADWAY BLVD NE 1100 ALBUQUERQUE NM 87102 ELIZABETH J KUUTTILA PRESIDENT AND CEO 5052727900 2023-05-02 1 ELIZABETH KUUTTILA 999009999 STEVEN TALBOT P01695427 5058787200 2023-05-02 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z ELIZABETH J KUUTTILA 101 BROADWAY BLVD NE 1100 ALBUQUERQUE NM 87102 11182646 0 X INNOVATIONS.UNM.EDU X 1993 NM SUPPORTING THE UNIVERSITY OF NEW MEXICO AS THE SOURCE OF INNOVATION MANAGEMENT, PATENT PROSECUTION AND LICENSING OF TECHNOLOGIES DEVELOPED AT THE UNIVERSITY OF NEW MEXICO. 29 17 34 17 0 0 0 341167 57767707 7641970 234711 588803 0 0 58002418 8571940 0 219992 0 0 3893524 1949342 0 0 0 48405228 6766971 52298752 8936305 5703666 -364365 22586721 18724624 7819778 6812557 14766943 11912067 X TO SUPPORT THE UNIVERSITY OF NEW MEXICO AS THE SOURCE OF INNOVATION MANAGEMENT, PATENT PROSECUTION, AND LICENSING OF TECHNOLOGIES DEVELOPED AT THE UNIVERSITY. 1 0 8137539 219992 7641970 UNM RAINFOREST INNOVATIONS IS THE TECHNOLOGY TRANSFER AND ECONOMIC DEVELOPMENT ORGANIZATION SUPPORTING THE UNIVERSITY OF NEW MEXICO ("UNM") AND THE CORPORATION WAS FORMED UNDER THE STATE OF NEW MEXICO UNIVERSITY RESEARCH PARK AND ECONOMIC DEVELOPMENT ACT. UNM RAINFOREST INNOVATIONS ENDEAVORS TO MAKE IT EASY, AS POSSIBLE, FOR UNM RESEARCHERS AND FACULTY INVENTORS TO DISCLOSE INNOVATIONS. UNM RAINFOREST INNOVATIONS PROTECTS TECHNOLOGIES (INTELLECTUAL PROPERTY) DEVELOPED AT UNM THROUGH PATENT AND COPYRIGHT CONSISTENT WITH THE PROVISIONS OF THE FEDERAL BAYH-DOLE ACT. DURING FISCAL YEAR 2022, NM RAINFOREST INNOVATIONS RECEIVED 45 ISSUED PATENTS FROM THE U.S. PATENT AND TRADEMARK OFFICE AND FILED 56 NEW PATENT APPLICATION WITH THE U.S. PATENT AND TRADEMARK OFFICE. ADDITIONALLY, DURING THE FISCAL YEAR 2022, UNM RAINFOREST INNOVATIONS ENTERED INTO 41 LICENSE AND OPTION-TO-LICENSE AGREEMENTS. AS THE ECONOMIC DEVELOPMENT ORGANIZATION FOR THE UNIVERSITY OF NEW MEXICO, UNM RAINFOREST INNOVATIONS SEEKS TO FIND VARIOUS INITIATIVES TO CREATE ECONOMIC DEVELOPMENT THAT IS RELEVANT TO THE UNIVERSITY. UNM RAINFOREST INNOVATIONS HAS RECEIVED, IN FISCAL YEAR 2022, TWO U.S. ECONOMIC DEVELOPMENT ADMINISTRATION GRANTS TO PROMOTE JOB CREATION, CREATE BROADER OPPORTUNITIES THROUGH ENTREPRENEURSHIP AND REDUCE BARRIERS TO ENTREPRENEURSHIP AND ASSIST INVENTORS TO COMMERCIALIZE THEIR INVENTIONS. 8137539 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 116 0 1 34 1 0 0 0 0 0 0 0 0 0 0 0 0 X 29 17 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X H BRIAN MIRABAL 5052727900 101 BROADWAY BLVD NE SUITE 1100 ALBUQUERQUE NM 87102 DOUGLAS ZIEDONIS DIRECTOR 1.00 40.00 X 0 715392 126895 GARNETT STOKES DIRECTOR 1.00 40.00 X 0 427665 138909 RICHARD LARSON DIRECTOR (THROUGH 6/30/22) 1.00 40.00 X 0 459017 99688 JAMES HOLLOWAY VICE CHAIR 2.00 40.00 X X 0 368503 78957 TERESA COSTANTINIDIS DIRECTOR 1.00 40.00 X 0 298237 108997 MITZI MONTOYA DIRECTOR 1.00 40.00 X 0 295102 50170 GABRIEL LOPEZ DIRECTOR 1.00 40.00 X 0 277485 52798 ERIC PROSSNITZ DIRECTOR 1.00 40.00 X 0 275005 54504 CHRISTOS CHRISTODOULOU DIRECTOR 1.00 40.00 X 0 253594 56396 ELLEN FISHER DIRECTOR 1.00 40.00 X 0 239970 41935 JULIE COONROD DIRECTOR 1.00 40.00 X 0 194125 47183 JOHN STORMONT DIRECTOR 1.00 40.00 X 0 181369 33311 SANDRA BEGAY CHAIR 2.00 1.00 X X 0 0 0 TERRI COLE VICE CHAIRMAN 1.00 X X 0 0 0 JOHN STICHMAN SECRETARY & TREASURER 1.00 X X 0 0 0 JOE CHRISTIAN DIRECTOR 1.00 X 0 0 0 ROBERT FISHER DIRECTOR 1.00 X 0 0 0 DAVID FOSTER DIRECTOR 1.00 X 0 0 0 DAVID GIBSON DIRECTOR 1.00 X 0 0 0 RIIS GONZALES DIRECTOR 1.00 X 0 0 0 MARIA GRIEGO-RABY DIRECTOR 1.00 X 0 0 0 KELLY HAMMETT DIRECTOR 1.00 X 0 0 0 RICHARD LUARKIE DIRECTOR 1.00 X 0 0 0 GREGG MAYER DIRECTOR 1.00 X 0 0 0 ROBERT NATH DIRECTOR 1.00 X 0 0 0 ALEX ROMERO DIRECTOR 1.00 X 0 0 0 ALTON ROMIG JR DIRECTOR 1.00 X 0 0 0 KIM SANCHEZ RAEL DIRECTOR 1.00 1.00 X 0 0 0 CHARLES WELLBORN DIRECTOR 1.00 X 0 0 0 ELIZABETH KUUTTILA PRESIDENT AND CEO 40.00 X 793550 0 31560 PRESTON HENDRIX CONTROLLER (THROUGH 11/30/21) 40.00 X 222886 0 7898 H BRIAN MIRABAL CFO (STARTING 12/1/21) 40.00 X 11378 0 566 CARA MICHALISZYN DIRECTOR OF ECONOMIC DEVELOPMENT 40.00 X 319373 0 12653 ARLENE YOUNG DIRECTOR OF COMMERCIALIZATION 40.00 X 302969 0 22964 GREGG BANNINGER INNOVATION MANAGER, LIFE SCIENCES 40.00 X 171018 0 15945 MATTHEW DAVIS INTELLECTUAL PROPERTY MANAGER 40.00 X 157225 0 11848 SAVANAH ROMERO COMMUNICATIONS & DESIGN COORDINATOR 40.00 X 147045 0 11088 2125444 3985464 1004265 7 0 1 0 SHORE CHAN DEPUMPO LLC 901 MAIN STREET SUITE 330 DALLAS TX 75202 PATENT LEGAL SERVICES 29278991 IPRIS AG PELIKANWEG 2 BASEL SZ 4054 PATENT LEGAL SERVICES 332033 SCHWEGMAN LUNDBERG & WOESSNER 121 SOUTH EIGHTH STREET 1600 TCFF MINNEAPOLIS MN 55402 PATENT LEGAL SERVICES 256252 MH2 TECHNOLOGY LAW GROUP 1951 KIDWELL DRIVE SUITE 310 TYSONS CORNER VA 22182 PATENT LEGAL SERVICES 242569 COSUD INTELLECTUAL PROPERTY SOLUTIONS PC 714 COLORADO AVENUE BRIDGEPORT CT 06605 PATENT LEGAL SERVICES 210521 10 8900 254740 77527 341167 REVENUE FROM TECHNOLOGY TRANSFER 611310 7600060 7600060 RENTAL INCOME 611310 41910 41910 7641970 458330 458330 2741179 2610706 130473 130473 130473 8571940 7641970 0 588803 100000 100000 119992 119992 1094551 861019 233532 631170 504936 126234 103773 83018 20755 92156 73725 18431 27692 22154 5538 5123009 5115344 7665 29126 29126 59275 59275 50750 50750 109553 109553 30591 24473 6118 31244 24995 6249 874275 874275 14215 11372 2843 2741 2193 548 7488 7488 168818 168818 55083 55083 ECONOMIC DEVELOPMENT EX 210490 210490 BAD DEBT EXPENSE 313 313 8936305 8137539 798766 0 8840647 2383842 307569 559541 754737 4643879 12243 216498 181445 35656 35053 12646362 10278353 1750 3626 0 808087 22586721 18724624 3394395 5480981 4425383 1331576 7819778 6812557 X 14766943 11912067 14766943 11912067 22586721 18724624 -364365 -2530565 40054 0 X 0 1 X 1 0 X X 1 UNIVERSITY OF NEW MEXICO 856000642 6 1 874275 7190685 1 874275 7190685 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART I, LINE 12G, COL. (VI) THE $7,190,685 REPRESENTS THE AMOUNT OF SERVICES PROVIDED BY UNM RAINFOREST INNOVATIONS TO THE UNIVERSITY OF NEW MEXICO, ITS SUPPORTED ORGANIZATION. PART IV, SECTION A, LINE 2: THE ORGANIZATION SUPPORTS A STATE UNIVERSITY, WHICH IS NOT REQUIRED TO OBTAIN RECOGNITION OF ITS PUBLIC CHARITY STATUS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12646362 -2193734 115000 59275 10278353 3897683 7391377 1406870 49568 12646362 761791 2926300 215464 5872 3897683 729741 38013 5963 761791 683101 51596 4956 729741 1.00000 0 0 4782 1162 3620 211716 180283 31433 35053 DUE TO UNM 546570 LEASE LIABILITY 785006 1331576 6473358 -2530565 431983 -2098582 8571940 0 8571940 9368288 431983 431983 8936305 0 8936305 PART XI, LINE 2D - OTHER ADJUSTMENTS: PATENT COSTS NETTED WITH REVENUE 431,983. PART XII, LINE 2D - OTHER ADJUSTMENTS: PATENT COSTS NETTED WITH REVENUE 431,983. 1 RIGHT TO START 12907 CATALINA ST LEAWOOD KS 66209 900743773 501(C)(3) 100000 0 SPONSORSHIP TO LAUNCH THE RIGHT TO START INITIATIVE IN THE ALBUQUERQUE AREA. 1 0 GAP FUND AWARDS 4 99992 PITCH COMPETITION AWARDS 8 20000 PART I, LINE 2: UNMRI MONITORS THE PROGRESS OF THE GRANTEE ON THE COMMERICIALIZATION OF THEIR INVENTION AND PROVIDES VARIOUS SUPPORT. X 0 0 0 1 0 0 0 0 0 DOUGLAS ZIEDONIS DIRECTOR 0 715392 0 0 0 0 0 117485 0 9410 0 842287 0 0 ELIZABETH KUUTTILA PRESIDENT AND CEO 254519 0 539031 0 0 0 31560 0 0 0 825110 0 0 0 GARNETT STOKES DIRECTOR 0 427665 0 0 0 0 0 138621 0 288 0 566574 0 0 RICHARD LARSON DIRECTOR (THROUGH 6/30/22) 0 459017 0 0 0 0 0 88367 0 11321 0 558705 0 0 JAMES HOLLOWAY VICE CHAIR 0 368503 0 0 0 0 0 70231 0 8726 0 447460 0 0 TERESA COSTANTINIDIS DIRECTOR 0 298237 0 0 0 0 0 100181 0 8816 0 407234 0 0 MITZI MONTOYA DIRECTOR 0 295102 0 0 0 0 0 42435 0 7735 0 345272 0 0 CARA MICHALISZYN DIRECTOR OF ECONOMIC DEVELOPMENT 102040 0 217333 0 0 0 12653 0 0 0 332026 0 0 0 GABRIEL LOPEZ DIRECTOR 0 277485 0 0 0 0 0 52798 0 0 0 330283 0 0 ERIC PROSSNITZ DIRECTOR 0 275005 0 0 0 0 0 39416 0 15088 0 329509 0 0 ARLENE YOUNG DIRECTOR OF COMMERCIALIZATION 97443 0 205526 0 0 0 12083 0 10881 0 325933 0 0 0 CHRISTOS CHRISTODOULOU DIRECTOR 0 253594 0 0 0 0 0 38777 0 17619 0 309990 0 0 ELLEN FISHER DIRECTOR 0 239970 0 0 0 0 0 33983 0 7952 0 281905 0 0 JULIE COONROD DIRECTOR 0 194125 0 0 0 0 0 29470 0 17713 0 241308 0 0 PRESTON HENDRIX CONTROLLER (THROUGH 11/30/21) 75645 0 147241 0 0 0 7898 0 0 0 230784 0 0 0 JOHN STORMONT DIRECTOR 0 181369 0 0 0 0 0 26956 0 6355 0 214680 0 0 GREGG BANNINGER INNOVATION MANAGER, LIFE SCIENCES 86146 0 84872 0 0 0 10682 0 5263 0 186963 0 0 0 MATTHEW DAVIS INTELLECTUAL PROPERTY MANAGER 53101 0 104124 0 0 0 6585 0 5263 0 169073 0 0 0 SAVANAH ROMERO COMMUNICATIONS & DESIGN COORDINATOR 50508 0 96537 0 0 0 6263 0 4825 0 158133 0 0 0 PART I, LINE 3 THE FINANCE AND COMPENSATION COMMITTEE OF THE UNM RAINFOREST INNOVATIONS BOARD OF DIRECTORS REVIEWS THE COMPENSATION OF THE CEO ON AN ANNUAL BASIS AND APPROVES CHANGES TO THE CEO'S COMPENSATION, IF ANY. PART I, LINE 5 FOR ALL EMPLOYEES OF THE UNM RAINFOREST INNOVATIONS, INCLUDING THE PRESIDENT AND CEO, THE CORPORATION HAS ADOPTED AN INCENTIVE COMPENSATION PLAN THAT IS TRIGGERED IF THE CORPORATION'S REVENUES EXCEED A REVENUE GOAL BUDGETED AND APPROVED BY THE BOARD OF DIRECTORS EACH YEAR. THE CORPORATION'S FINANCE AND COMPENSATION COMMITTEE ESTABLISHES A PERCENTAGE OF REVENUES FROM LICENSING AND OTHER ACTIVITIES THAT CONSTITUTES AN INCENTIVE COMPENSATION POOL. THE FINANCE AND COMPENSATION COMMITTEE THEN DETERMINES A SHARE THEREOF FOR WHICH THE PRESIDENT AND CEO IS ELIGIBLE. THE ACTUAL AWARDS OF THE INCENTIVE COMPENSATION ARE BASED UPON THE EMPLOYEE'S (INCLUDING THE PRESIDENT AND CEO) PERFORMANCE IN RELATION TO HIS OR HER PERFORMANCE PLAN. THE INCENTIVE COMPENSATION PLAN IS ALSO LIMITED TO A MAXIMUM PAYOUT DETERMINED BY THE EMPLOYEE'S BASE SALARY AND YEARS OF SERVICE. FORM 990, PART III, LINE 2 THE ECONOMIC DEVELOPMENT ASPECT OF THE LINE 4A PROGRAM SERVICE ACCOMPLISHMENT IS NOT A NEW PROGRAM SERVICE, BUT IT IS BEING DETAILED FOR THE FIRST TIME. FORM 990, PART VI, SECTION A, LINE 1A PURSUANT TO ARTICLE IV, SECTION B OF THE BYLAWS OF UNM RAINFOREST INNOVATIONS, THERE IS AN EXECUTIVE COMMITTEE COMPRISED OF THE CHAIR, VICE CHAIR, SECRETARY, TREASURER, UNM EXECUTIVE VICE PRESIDENT FOR ADMINISTRATION, UNM VICE PRESIDENT FOR RESEARCH, UNM EXECUTIVE VICE PRESIDENT FOR HEALTH SCIENCE, AND THE PRESIDENT AND CEO. DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE HAS AND MAY EXERCISE ALL OF THE RIGHTS AND POWERS OF THE BOARD, EXCEPT THOSE POWERS DENIED UNDER STATUTE (NMSA 1978, SECTION 53-8-21). FORM 990, PART VI, SECTION A, LINE 2 THE FILING ORGANIZATION IS A COMPONENT UNIT OF THE UNIVERSITY OF NEW MEXICO (UNM). THE FOLLOWING OFFICERS AND DIRECTORS HAVE A BUSINESS RELATIONSHIP WITH ONE ANOTHER BY VIRTUE OF THEIR POSITIONS AS DIRECTORS OR EMPLOYEES WITH RELATED ENTITIES WITH THE UNIVERSITY OF NEW MEXICO: SANDRA BEGAY, CHRISTOS CHRISTODOULOU, JULIE COONROD, TERESA COSTANTINDIS, ELLEN FISHER, JAMES HOLLOWAY, RICHARD LARSON, GABRIEL LOPEZ, MITZI MONTOYA, ERIC PROSSNITZ, KIM SANCHEZ RAEL, GARNETT STOKES, JOHN STORMONT, AND DOUGLAS ZIEDONIS. FORM 990, PART VI, SECTION A, LINE 6 THE ONLY MEMBER OF UNM RAINFOREST INNOVATIONS IS THE REGENTS OF THE UNIVERSITY OF NEW MEXICO. FORM 990, PART VI, SECTION A, LINE 7A THE UNIVERSITY OF NEW MEXICO REGENTS APPOINT THE MEMBERS OF THE BOARD WHEN A POSITION IS UP FOR RENEWAL BASED ON A RECOMMENDATION THAT UNM RAINFOREST INNOVATIONS SUBMITS TO THE REGENTS. FORM 990, PART VI, SECTION B, LINE 11B THE PREPARED FORM 990 AND ALL REQUIRED SCHEDULES ARE REVIEWED BY UNM RAINFOREST INNOVATIONS' PRESIDENT AND CEO AND ITS CORPORATE ATTORNEY. IT IS THEN PROVIDED TO THE MEMBERS OF THE FINANCE AND COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS AT THE QUARTERLY COMMITTEE MEETING. THE FINANCE AND COMPENSATION COMMITTEE REVIEWS AND APPROVES THE FORM 990 AND SCHEDULES IN ADVANCE BEFORE THE FULL BOARD OF DIRECTORS MEETING. AT ITS REGULAR QUARTERLY BOARD MEETING, ALL BOARD OF DIRECTORS PRESENT APPROVE THE FILING OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ON OR AROUND JULY, EACH MEMBER OF THE BOARD OF DIRECTORS MUST CONFIRM TO THE UNM RAINFOREST INNOVATIONS WHETHER THEY ARE IN COMPLIANCE WITH THE UNM RAINFOREST INNOVATIONS CONFLICT OF INTEREST POLICY. PER TERMS OF THE POLICY, BOARD MEMBERS MAY RESPOND TO THE REQUIRED ANNUAL INQUIRY VIA EMAIL. THE RESPONSES ARE REVIEWED BY THE UNM RAINFOREST INNOVATIONS OUTSIDE LEGAL COUNSEL AND THE UNM RAINFOREST INNOVATIONS EXECUTIVE COMMITTEE. ALL BOARD MEMBERS ASSERT IF THEY HAVE ANY CONFLICTS AT THE START OF THE FISCAL YEAR, IF A MEMBER IDENTIFIES ANY CONFLICTS THAT ARE RELATED TO UNM RAINFOREST INNOVATIONS, THE BOARD MEMBER ABSTAINS DURING DISCUSSIONS. FORM 990, PART VI, SECTION B, LINE 15 THE FINANCE AND COMPENSATION COMMITTEE OF THE UNM RAINFOREST INNOVATIONS BOARD OF DIRECTORS REVIEWS THE COMPENSATION OF THE PRESIDENT AND CEO, ALONG WITH ALL EMPLOYEES, ON AN ANNUAL BASIS AND MAY APPROVE CHANGES TO THE PRESIDENT AND CEO, IF ANY. THE COMMITTEE USES COMPARABILITY DATA AND DOCUMENTS DELIBERATIONS ON COMPENSATION DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 THE UNM RAINFOREST INNOVATIONS MADE AVAILABLE DURING THE TAX YEAR ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENT TO THE PUBLIC UPON REQUEST. UNIVERSITY OF NEW MEXICO 1 UNIVERSITY OF NEW MEXICO ALBUQUERQUE NM 87131 856000642 EDUCATION NM 115 UNIVERSITY OF NEW MEXICO BOARD OF REGENTS 0 LOBO ENERGY INCORPORATED 800 BRADBURY DRIVE SE STE 216 ALBUQUERQUE NM 87106 850459211 UTILITY MANAGEMENT NM 501(C)(3) LINE 12A, I UNIVERSITY OF NEW MEXICO BOARD OF REGENTS 0 UNIVERSITY OF NEW MEXICO MEDICAL GROUP 933 BRADBURY DRIVE SE ALBUQUERQUE NM 87106 208488778 HEALTHCARE NM 501(C)(3) LINE 10 UNIVERSITY OF NEW MEXICO BOARD OF REGENTS 0 UNM SANDOVAL REGIONAL MEDICAL CENTER INC 934 BRADBURY DRIVE SE ALBUQUERQUE NM 87106 271368727 HEALTHCARE NM 501(C)(3) LINE 10 UNIVERSITY OF NEW MEXICO BOARD OF REGENTS 0 UNM ROBERT O ANDERSON SCH BUSADM FDN 1 UNIVERSITY OF NEW MEXICO ALBUQUERQUE NM 87131 237126805 EDUCATION NM 501(C)(3) LINE 12B, II UNIVERSITY OF NEW MEXICO BOARD OF REGENTS 0 LOBO DEVELOPMENT CORPORATION 801 UNIVERSITY BLVD ALBUQUERQUE NM 87106 421759020 REAL ESTATE NM 501 (C) (3) LINE 12A, I UNIVERSITY OF NEW MEXICO BOARD OF REGENTS 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 1