2023-11-14T13:31:03-06:00 2023-06-30 420714325 RSM US LLP 30 SOUTH WACKER DR SUITE 3300 CHICAGO IL 606063392 990 2022-07-01 391992463 WISYS TECHNOLOGY FOUNDATION INC WISY 6083164037 614 WALNUT STREET 13TH FLOOR MADISON WI 53726 ARJUN SANGA PRESIDENT 6083164037 2023-11-14 1 ARJUN SANGA XXX-XX-XXXX 0 REBEKUH ELEY P01247672 3126343400 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ARJUN SANGA 614 WALNUT STREET 13TH FLOOR MADISON WI 53726 2891094 0 X WWW.WISYS.ORG X 2000 WI EMPOWERING UNIVERSITY OF WISCONSIN FACULTY, STAFF, STUDENTS, AND ALUMNI TO INNOVATE FOR IMPACT. 12 11 33 0 0 0 1412496 1645007 524411 174256 136685 16294 12 1882 2073604 1837439 104187 79442 0 0 1251174 1474415 0 0 0 474144 528366 1829505 2082223 244099 -244784 3945065 3843590 819419 848939 3125646 2994651 X EMPOWERING UNIVERSITY OF WISCONSIN FACULTY, STAFF, STUDENTS, AND ALUMNI TO INNOVATE FOR IMPACT. 0 1 696032 79442 165728 INTELLECTUAL PROPERTY & LICENSING:THE WISYS TECHNOLOGY FOUNDATION WAS ESTABLISHED IN MARCH 2000. WISYS WAS CREATED BY THE UNIVERSITIES OF WISCONSIN AND THE WISCONSIN ALUMNI RESEARCH FOUNDATION (WARF) TO COMPLY WITH THE BAYH-DOLE ACT AND BE THE DESIGNATED OFFICE FOR INTELLECTUAL PROPERTY MANAGEMENT FOR ALL UW INSTITUTIONS OTHER THAN UW-MADISON. TODAY, WISYS CONTINUES TO PROVIDE INTELLECTUAL PROPERTY MANAGEMENT SERVICES TO COMPLY WITH THE BAYH-DOLE ACT FOR THE 11 UNIVERSITIES OF WISCONSIN REGIONAL CAMPUSES WHILE ALSO PROVIDING SUPPORT SERVICES FOR INNOVATION AND RESEARCH DEVELOPMENT.DURING FISCAL 2022-23, WISYS REVIEWED 44 NEW INVENTION DISCLOSURES RECEIVED FROM UW-SYSTEM FACULTY AND STUDENTS AND ACCEPTED 23 OF THE DISCLOSURES FOR FURTHER STUDY AND PATENTING. DURING FISCAL 2022-23, WISYS APPLIED FOR 10 U.S. PATENTS AND DERIVATIVES. WISYS ALSO APPLIED FOR 0 NEW FOREIGN APPLICATIONS AND DERIVATIVES. IN ADDITION WISYS RECEIVED 7 U.S. ISSUED PATENTS. WISYS COMPLETED 2 NEW LICENSE AND OPTIONS AGREEMENTS AND 0 NEW MATERIAL TRANSFER AGREEMENTS. WISYS OPERATES ITS OFFICES LOCATED AT 614 WALNUT STREET, 13TH FLOOR, MADISON, WISCONSIN WITH 12 PROFESSIONAL STAFF. IN ADDITION, AT JUNE 30, 2023, WISYS HAD 7 AMBASSADORS WORKING THROUGH THE VARIOUS UW CAMPUSES ALONG WITH 2 STUDENT INTERNS. 551886 8528 INNOVATION PROGRAMS:THE INNOVATION PROGRAMS INCLUDE THE WISCONSIN BIG IDEA TOURNAMENT WHICH WAS ESTABLISHED TO HELP EXTEND THE WISCONSIN ENTREPRENEURIAL ECOSYSTEM TO UNIVERSITY OF WISCONSIN STUDENTS, WITH A GOAL TO IMPROVE THE OVERALL QUALITY OF BUSINESS STARTUP PERFORMANCE, ALONG WITH WISYS SCHOLAR/SCIENTIST AWARDS WHICH ARE DESIGNED TO HELP ACCELERATE THE CYCLE OF DEVELOPMENT AND COMMERCIALIZATION OF APPLIED AND TRANSLATIONAL RESEARCH. THE PROGRAM ALSO INCLUDES 2022 WISYS SPARK SYMPOSIUM (SPARK) WHICH WAS JOINTLY ORGANIZED BY WISYS AND UW-LACROSSE TO BRING TOGETHER INNOVATIVE RESEARCHERS AND STUDENTS FROM THE UNIVERSITIES OF WISCONSIN AND OTHER PUBLIC AND PRIVATE ORGANIZATIONS. SPARK ALLOWS UW REGIONAL INSTITUTIONS TO SHOWCASE THEIR RESEARCH AND TECHNOLOGY DEVELOPMENT AS WELL AS ENGAGE IN DISCUSSIONS FOR DEVELOPMENT OF COLLABORATIVE PARTNERSHIPS WITH OTHER UW RESEARCHERS, STUDENTS AND INDUSTRY PROFESSIONALS FROM AROUND THE STATE. THIS YEAR'S ATTENDANCE IN-PERSON, WITH 198 REGISTRATIONS AND APPROXIMATELY 175 ATTENDEES. 187870 RESEARCH DEVELOPMENT:THE WISYS RESEARCH DEVELOPMENT PROGRAM (FORMERLY KNOWN AS PRE-AWARD PROGRAM, OR PREP) IS A PROGRAM PILOTED FROM JULY 2017-JUNE 2020 THAT AIMS TO PROVIDE GRANT SUBMISSION SUPPORT TO UW REGIONAL CAMPUSES. THROUGH REGULAR VIRTUAL AND IN-PERSON VISITS, THE RESEARCH DEVELOPMENT STAFF WILL BE AVAILABLE TO HELP BUILD CAPACITY FOR RESEARCH CONDUCTED ON THE REGIONAL CAMPUSES AND FACULTY TO ENRICH UNIVERSITIES OF WISCONSIN RESEARCH AND SCHOLARSHIP AND, ULTIMATELY, THE UNDERGRADUATE STUDENT EXPERIENCE. THREE "FOUNDATIONAL GOALS" DEFINE THIS ACTIVITY: EDUCATING AND COACHING FACULTY GRANT SEEKERS, STRENGTHENING CAMPUS RESEARCH CULTURE, AND DEVELOPING RESEARCH ADMINISTRATOR CAPACITIES. WISYS RESEARCH DEVELOPMENT IS DESIGNED TO BE INCLUSIVE, ENGAGING SENIOR ADMINISTRATORS, RESEARCH ADMINISTRATORS, AND FACULTY FROM ANY DISCIPLINE, HELPING TO BRIDGE GAPS IN KNOWLEDGE AND SKILLS AND IN CULTURE AND MOTIVATION TO SUSTAIN AND GROW LEVELS OF FACULTY INNOVATION. 25070 INNOVATIVE VENTURES:INNOVATIVE VENTURES IS A WISYS PROGRAM TO SUPPORT THE DEVELOPMENT OF SCALEABLE COMPANIES FROM THE INNOVATIONS, IDEAS, AND INTELLECTUAL PROPERTY PRODUCED FROM THE FACULTY, STAFF, STUDENTS, AND ALUMNI OF THE UNIVERSITIES OF WISCONSIN REGIONAL CAMPUSES. A COMPONENT OF INNOVATIVE VENTURES IS THE WISYS VENTUREHOME PROGRAM. IT IS A NETWORK OF STARTUP HUBS ACROSS FIVE CITIES IN THE STATE OF WISCONSIN THAT CONNECTS STATEWIDE RESOURCES WITH LOCAL INITIATIVES TO PROVIDE ENTREPRENEURS ACCESS TO A FULL MENU OF STARTUP RESOURCES IN THEIR LOCAL COMMUNITIES. SOME OF THE CENTRALIZED SERVICES THAT VENTUREHOME OFFERS ARE, A CONCIERGE SERVICE TO THE LARGER STATE-WIDE ECOSYSTEM, ENTREPRENEUR TOOLKITS, ACCESS TO RESEARCH AND TECHNOLOGIES COMING OUT OF THE UNIVERSITY OF WISCONSIN SYSTEM, INTELLECTUAL PROPERTY AND LEGAL STRATEGY ASSISTANCE, AND SEED FUNDING. IN ADDITION, EACH LOCAL VENTUREHOME PROVIDES SERVICES SUCH AS CO-WORKING SPACE, ACCESS TO UW EVENTS AND RESOURCES, AND LOCAL MENTORS. 25070 1460858 1 1 0 0 0 0 0 0 0 1 0 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 27 0 1 33 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 WI X X ARJUN SANGA 6083164037 614 WALNUT STREET 13TH FLOOR MADISON WI 53726 ARJUN SANGA PRESIDENT 40.00 X X 235721 0 50606 JEFF BUHRANDT TRUSTEE 1.00 X 0 0 0 CAROL DAHL TRUSTEE 1.00 X 0 0 0 DEBORAH FORD TRUSTEE 1.00 X 0 0 0 KATHERINE FRANK TRUSTEE 1.00 X 0 0 0 JENNIFER GOTTWALD TRUSTEE 1.00 X 0 0 0 MELISSA SHERMAN TRUSTEE 1.00 X 0 0 0 TOM STILL TRUSTEE 1.00 X 0 0 0 DAVID WARD TRUSTEE/CHAIR 1.00 X X 0 0 0 TOMAS STAFFORD TRUSTEE/VICE CHAIR 1.00 X X 0 0 0 ERIK IVERSON TRUSTEE/TREASURER 1.00 X X 0 0 0 DAVID BRUKARDT TRUSTEE/SECRETARY 1.00 X X 0 0 0 ADHIRA SUNKARA DIR. OF STRATEGY/INNOVATIVE VENTURES 40.00 X 111351 0 35657 347072 0 86263 2 0 1 0 0 1645007 1645007 LICENSE & SUB REVENUE 900099 165728 165728 WISYS SPARK SYMPOSIUM 900099 8528 8528 174256 81640 81640 988309 1053655 -65346 -65346 -65346 OTHER INCOME 900099 1882 1882 1882 1837439 174256 0 18176 79442 79442 293327 293327 823110 760682 62428 357978 287118 70860 165049 163216 1833 19240 19240 17043 17043 2520 2520 23643 5718 17925 31943 922 31021 59547 22451 37096 60914 60064 850 39040 39040 RESEARCH DEVELOPMENT PR 48467 48467 PROFESSIONAL DEVELOPMEN 18150 18150 MISCELLANEOUS 15063 15063 INVENTOR SHARES 9695 9695 18052 5500 12552 2082223 1460858 621365 0 194707 727649 417392 449819 200000 200000 715504 79478 3160 24979 2414302 2361665 3945065 3843590 612728 617651 0 16500 206691 214788 819419 848939 X 2768874 2825750 356772 168901 3125646 2994651 3945065 3843590 -244784 113789 0 X X 0 1 X 1 0 X X 1 UNIVERSITY OF WISCONSIN SYSTEM 391805963 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X PART IV, SECTION E, ITEM 1C: THE ORGANIZATION SUPPORTS THE UNIVERSITY OF WISCONSIN SYSTEM CAMPUSES BY PROVIDING TECHNOLOGY TRANSFER SERVICES, PROTECTION OF TECHNOLOGY FOR UW SYSTEM'S FACULTY DISCOVERIES VIA PATENTS OR OTHER METHODS, AND NEGOTIATION OF LICENSING AGREEMENTS ON BEHALF OF THE UW SYSTEM. THE ORGANIZATION PROVIDES ITS SUPPORT VIA GRANTS AND SERVICES THAT SUPPORT THE UW SYSTEM PROGRAMS AS DESCRIBED IN FORM 990, PART III, ITEM 4. PART IV, SECTION D, ITEM 3: UW SYSTEM IS GUARANTEED TO HAVE 3 TRUSTEES OF A MINIMUM OF 8 TOTAL BOARD OF TRUSTEES FOR WISYS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 579836 63030 44646 687512 593092 77324 -90580 579836 305638 162304 125150 593092 1.00000 0.00000 0.00000 0 0 0 DEPOSITS FROM UW SYSTEM 214788 214788 X 2061089 113789 126904 240693 1820396 17043 17043 1837439 2192084 126904 126904 2065180 17043 17043 2082223 PART V, LINE 4: TO PRESERVE AND ENHANCE THE REAL PURCHASING POWER OF THE PORTFOLIO OVER A LONG-TERM HORIZON TO GENERATE SUFFICIENT ANNUAL INVESTMENT RETURNS TO FUND OPERATIONS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS ALSO EXEMPT FROM STATE INCOME TAX. THE FOUNDATION FOLLOWS GUIDANCE RELATIVE TO THE UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE FOUNDATION, AND VAROUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). ANY TAX BENEIFTS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. 1 UW-PLATTEVILLE 521 PIONEER TOWER PLATTEVILLE WI 53818 391805963 115 67958 0 LAUNCH GRANT. SEE PART IV FOR DETAIL. UW-GREEN BAY 2420 NICOLET DR GREEN BAY WI 54311 391805963 115 8340 0 CHAMPION AND SCIENTIST GRANT. SEE PART IV FOR DETAIL. 2 PART I, LINE 2: THERE ARE TWO TYPES OF GRANTS AWARDED OR FACILITATED BY WISYS: LAUNCH GRANTS ARE DESIGNED TO SUPPORT THE FURTHER DEVELOPMENT OF TECHNOLOGIES THAT HAVE BEEN ACCEPTED INTO THE WISYS INTELLECTUAL PROPERTY PORTFOLIO. THE GRANT TIMELINE IS A MAXIMUM OF 6 MONTHS, AND THE FOCUS OF THE PROPOSAL SHOULD BE ON ADVANCING THE TECHNOLOGY READINESS OF THE INNOVATION. CHAMPION AND SCIENTIST GRANT ARE FUNDING PROGRAM(S) AIMED AT PROVIDING CAMPUS RESEARCHERS WITH ADDITIONAL CAPACITY FOR DEDICATED INNOVATION AND APPLIED R&D PROGRAMS. AS PART OF THE ACCEPTANCE OF THE GRANT, ALL RECIPIENTS ARE REQUIRED TO REPORT BACK ON HOW THE GRANT FUNDS WERE EXPENSED. X X X X X 0 0 0 0 0 0 0 0 0 ARJUN SANGA PRESIDENT 235721 0 0 0 0 0 21305 0 29301 0 286327 0 0 0 FORM 990, PART III, LINE 3 IN FISCAL YEAR 2023, SERVICES PROVIDED BY WISYS ARE CONSOLIDATED AND RECATEGORIZED INTO FOUR MAJOR PROGRAMS: INTELLECTUAL PROPERTY & LICENSING, RESEARCH DEVELOPMENT, INNOVATION PROGRAMS, AND VENTUREHOME & INNOVATIVE VENTURES. THE INTELLECTUAL PROPERTY & LICENSING INCLUDES A PROGRAM FORMERLY KNOWN AS PATENTING & LICENSING AND FACULTY & STUDENT OUTREACH. INNOVATION PROGRAMS INCLUDE NEW PROGRAMS DEFINED BY THE STATEMENT OF WORK AND A PROGRAM FORMERLY KNOWN AS WISYS SPARK SYMPOSIUM. VENTUREHOME & INNOVATIVE VENTURES ALSO INCLUDE NEW PROGRAMS DEFINED BY THE STATEMENT OF WORK AND A PROGRAM FORMERLY KNOWN AS TECHNOLOGY & BUSINESS DEVELOPMENT. FORM 990, PART VI, SECTION A, LINE 7A TWO (2) MEMBERS OF THE BOARD SHALL BE APPOINTED BY THE WISCONSIN ALUMNI RESEARCH FOUNDATION; TWO (2) MEMBERS OF THE BOARD SHALL BE APPOINTED BY UW SYSTEM; ONE (1) SHALL BE A UNIVERSITY OF WISCONSIN SYSTEM CHANCELLOR NOMINATED BY THE UW SYSTEM PRESIDENT; TWO (2) UNIVERSITY OF WISCONSIN SYSTEM CAMPUS ALUMNI; ONE (1) PRESIDENT OF THE WISYS TECHNOLOGY FOUNDATION, INC.; AND UP TO TWO (2) ADDITIONAL MEMBERS AS ELECTED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY WISYS FINANCE AND THE WISYS PRESIDENT, AN ELECTRONIC COPY OF THE FINAL VERSION OF THE FORM 990 IS SUBSEQUENTLY PROVIDED TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C WISYS PRESIDENT REQUIRES THAT THE TRUSTEES REVIEW THE CONFLICT OF INTEREST POLICY AND UPDATE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. WISYS REVIEWS CONFLICT MATTERS AS DISCLOSED THROUGH THE ANNUAL DISCLOSURE AND ON A ROLLING BASIS AND CONSIDERS THEM IN THE MATTER PROSCRIBED IN ITS CONFLICT POLICY. A CONFLICT OF INTEREST COMMITTEE ALSO MEETS AS APPROPRIATE TO CONSIDER CONFLICT SITUATIONS. ALL WISYS EMPLOYEES SIGN A CONFLICT OF INTEREST AGREEMENT. THE WISYS PRESIDENT, THE HR DEPARTMENT AND THE LEGAL COUNCIL REVIEW ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A A) THE ORGANIZATION RETAINS AN INDEPENDENT HUMAN RESOURCES CONSULTING FIRM SPECIALIZING IN COMPENSATION ACTIVITIES TO REVIEW COMPENSATION FOR THE PRESIDENT. THE CONSULTANT WORKS WITH HUMAN RESOURCES, BUT REPORTS TO THE BOARD CHAIR. B) EVERY THREE YEARS, MOST OFTEN IN APRIL, THE CONSULTANT PROVIDES COMPARATIVE COMPENSATION DATA TO THE BOARD CHAIR. C) THE BOARD CHAIR REVIEWS A WRITTEN SUMMARY OF EXECUTIVE ACCOMPLISHMENTS FOR THE FISCAL YEAR BY JULY 31. THIS INFORMATION MAY BE SHARED WITH THE BOARD. D) THE BOARD CHAIR REVIEWS THE EXECUTIVE EVALUATION, PRESIDENT'S PERFORMANCE AND DETERMINES THE COMPENSATION ADJUSTMENT. ANY INCREASE IS EFFECTIVE JULY 1. E) THE OUTSIDE CONSULTANT PROVIDES A LETTER TO THE BOARD CHAIR DESCRIBING THE CONSULTANT'S ROLE IN ESTABLISHING THE REBUTTABLE PRESUMPTION OF REASONABLENESS STANDARD UNDER THE INTERMEDIATE SANCTIONS REGULATIONS AND HOW THE CONSULTANT PROVIDED THE ANALYSIS TO DETERMINE THE REASONABLENESS OF THE EXECUTIVE COMPENSATION PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT MADE AVAILABLE. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEARS. UNIVERSITY OF WISCONSIN SYSTEM 1860 VAN HISE HALL 1220 LINDEN DR MADISON WI 53706 391805963 EDUCATION WI 115 N/A N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0