2016-01-15T14:37:41-06:00 2015-06-30 540618213 HANTZMON WIEBEL LLP CPA'S 818 E JEFFERSON ST PO BOX 1408 CHARLOTTESVILLE VA 22902 990 2014-07-01 541045487 UNIVERSITY OF VIRGINIA PATENT FOUNDATION UNIV 4349242175 722 PRESTON AVENUE NO 107 CHARLOTTESVILLE VA 22903 MICHAEL P STRAIGHTIFF EXECUTIVE DIRECTOR 4349823703 2016-01-18 1 PHILLIP W SHIFLETT P00319333 4342962156 2014 2016-04-25 22:37:26Z X UNIVERSITY OF VIRGINIA LICENSING & VENTURES GROUP MICHAEL P STRAIGHTIFF 722 PRESTON AVENUE NO 107 CHARLOTTESVILLE VA 22903 5742302 0 X HTTP://LVG.VIRGINIA.EDU/ X 1978 VA THE PRINCIPAL ACTIVITY OF THE FOUNDATION IS TO SUPPORT THE UNIVERSITY'S MISSION TO "ADVANCE KNOWLEDGE AND SERVE THE COMMONWEALTH OF VIRGINIA, THE NATION, AND THE WORLD THROUGH... INNOVATION" 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; MONITORING COMPLIANCE; AND DISTRIBUTING INCOME. 11 5 21 5 0 0 1828420 2180315 4975162 3560085 1574 1902 0 0 6805156 5742302 1079956 689100 0 0 1671060 2075348 0 0 0 3810486 3461880 6561502 6226328 243654 -484026 3132241 1693403 1896080 941268 1236161 752135 X TO SUPPORT THE UNIVERSITY'S MISSION TO DISSEMINATE THE RESULTS OF INTELLECTUAL DISCOVERY AND CREATIVE ENDEAVOR AND TO MAXIMIZE THE IMPACT OF UVA'S INNOVATION ASSETS VIA COMMERCIALIZATION, WHILE PROVIDING HIGH LEVELS OF CUSTOMER SERVICE, VALUE-ADDED BUSINESS DEVELOPMENT ACTIVITY AND AN INTENT FOCUS ON DRIVING QUALITY TRANSACTIONS. 0 0 5639789 689100 3560085 DURING THE FISCAL YEAR ENDED 2015, UNIVERSITY OF VIRGINIA PATENT FOUNDATION: - SOLICITED 187 INVENTION DISCLOSURES FROM UVA FACULTY, STAFF, AND STUDENT INVENTORS. - PREPARED AND FILED 78 U.S. PROVISIONAL PATENT APPLICATIONS. - PREPARED AND FILED 36 U.S. PATENT APPLICATIONS. - RECEIVED 29 U.S. PATENTS. - EXECUTED 71 COMMERCIAL TRANSACTIONS, INCLUDING 7 START-UP COMPANIES. 5639789 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 0 1 0 0 0 1 229 0 21 1 0 0 0 0 0 0 0 0 0 0 X 11 5 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 NO 107 CHARLOTTESVILLE VA 22903 PETER BARRIS DIRECTOR 1.00 X 0 0 0 ERIK HEWLETT CHAIRMAN 2.00 40.00 X X 0 215348 35860 BOBBIE KILBERG DIRECTOR 1.00 X 0 0 0 JOHN LAZO DIRECTOR 1.00 40.00 X 0 306960 32758 HELGA LEFTWICH DIRECTOR 1.00 X 0 0 0 MICHAEL LENOX DIRECTOR 1.00 40.00 X 0 330659 43737 RONALD NEWBOLD DIRECTOR 1.00 X 0 0 0 PHIL PARRISH DIRECTOR 1.00 40.00 X 0 180913 31650 BRIAN POLLOK DIRECTOR 1.00 16.00 X 0 34294 7413 RICHARD SHANNON DIRECTOR 1.00 40.00 X 0 697707 181649 THOMAS SKALAK DIRECTOR 1.00 40.00 X 0 319755 78397 CHARLES STAMM DIRECTOR 1.00 X 0 0 0 MICHAEL STRAIGHTIFF EXECUTIVE DIRECTOR 40.00 X 260275 0 35137 ROBERT DECKER PATENT COUNSEL 40.00 X 199539 0 35188 PATRICK KLEPCYK ASSOCIATE DIRECTOR 40.00 X 137738 0 29071 CHRISTOPHER PASCHALL LICENSING MANAGER 40.00 X 114033 0 25654 RODNEY SPARKS PATENT COUNSEL 40.00 X 182004 0 33558 893589 2085636 570072 5 0 1 0 SCHWEGMAN LUNDBERG WOESSNER 1600 TCF TOWER 121 SOUTH EIGHTH ST MINNEAPOLIS MN 55402 OUTSIDE LEGAL COUNSEL 588119 VORY'S SATER SEYMOUR AND PEASE 1909 K STREET NW SUITE 900 WASHINGTON DC 200061152 OUTSIDE LEGAL COUNSEL 240101 2 2180315 2180315 LIC. FEES & ROYALTIES 900099 2417134 2417134 PATENT COSTS REIMBURSE 900099 1142951 1142951 3560085 1902 1902 5742302 3560085 0 1902 689100 689100 310002 170501 139501 1357635 1213216 144419 139253 121270 17983 164913 141480 23433 103545 86978 16567 110746 99671 11075 79800 79800 70599 70599 16255 8128 8127 22785 19140 3645 94976 79779 15197 708179 708179 152080 127747 24333 69722 66236 3486 40903 34359 6544 35746 23592 12154 PATENT DEVELOPMENT COST 1828038 1828038 UNCOLLECTIBLE ROYALTY & 183432 183432 EMPLOYEE RELOCATION 19803 19803 ENTREPRENEUR IN RESIDEN 17500 17500 11316 1640 9676 6226328 5639789 586539 0 200 200 1655713 205786 1337896 1336713 61169 83916 467819 403952 74342 63867 2921 2921 3132241 1693403 1160541 414059 735539 527209 1896080 941268 X 1236161 752135 1236161 752135 3132241 1693403 -484026 0 X X 0 1 X 1 0 X X 1 UNIVERSITY OF VIRGINIA 546001796 6 1 5639789 0 1 5639789 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 MISSION TO "ADVANCE KNOWLEDGE AND SERVE THE COMMONWEALTH OF VIRGINIA, THE NATION, AND THE WORLD THROUGH... INNOVATION" 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; 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 52051 51832 219 323168 294092 29076 92600 58028 34572 63867 DISTRIBUTIONS PAYABLE TO UVA 200100 DISTRIBUTIONS PAYABLE TO INVENTORS 237426 DISTRIBUTIONS PAYABLE TO OTHERS 10590 ACCRUED VACATION 78372 LAWYERS' ESCROW ACCOUNT 721 527209 X 5742302 0 5742302 0 5742302 6226328 0 6226328 0 6226328 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) 689100 THE FOUNDATION IS A SUPPORTING ORGANIZATION FOR THE UNIVERSITY OF VIRGINIA. THE AMOUNT OF CASH PAID TO THE UNIVERSITY IS FOR DISTRIBUTIONS OF ROYALITIES BASED ON THE AGREEMENT BETWEEN THE FOUNDATION AND THE UNIVERSITY OF VIRGINIA. 1 0 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 0 0 0 0 0 0 0 0 0 ERIK HEWLETT CHAIRMAN 0 215348 0 0 0 0 0 23568 0 12292 0 251208 0 0 JOHN LAZO DIRECTOR 0 306960 0 0 0 0 0 23620 0 9138 0 339718 0 0 MICHAEL LENOX DIRECTOR 0 330659 0 0 0 0 0 26485 0 17252 0 374396 0 0 PHIL PARRISH DIRECTOR 0 180913 0 0 0 0 0 19840 0 11810 0 212563 0 0 RICHARD SHANNON DIRECTOR 0 697707 0 0 0 0 0 162780 0 18869 0 879356 0 0 THOMAS SKALAK DIRECTOR 0 319755 0 0 0 0 0 60178 0 18219 0 398152 0 0 MICHAEL STRAIGHTIFF EXECUTIVE DIRECTOR 260275 0 0 0 0 0 24988 0 10149 0 295412 0 0 0 ROBERT DECKER PATENT COUNSEL 199539 0 0 0 0 0 20665 0 14523 0 234727 0 0 0 PATRICK KLEPCYK ASSOCIATE DIRECTOR 137738 0 0 0 0 0 14560 0 14511 0 166809 0 0 0 RODNEY SPARKS PATENT COUNSEL 182004 0 0 0 0 0 18751 0 14807 0 215562 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PRESENTED TO THE BOARD FOR APPROVAL PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'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 FIVE 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. 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