2025-11-14T15:32:21-06:00 2025-06-30 540618213 HANTZMON WIEBEL LLP PO BOX 1408 CHARLOTTESVILLE VA 22902 990 2024-07-01 541045487 UNIVERSITY OF VIRGINIA PATENT FOUNDATION UNIV 4349242175 722 PRESTON AVENUE 107 CHARLOTTESVILLE VA 22903 RICHARD CHYLLA EXECUTIVE DIRECTOR 4349242175 2025-11-14 1 1 CLARISSA B HOFFMAN P01390684 4342962156 2024 2025-03-06 01:10:19Z UNIVERSITY OF VIRGINIA LICENSING AND VENTURES GROUP RICHARD CHYLLA 722 PRESTON AVENUE 107 CHARLOTTESVILLE VA 22903 11489109 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. 11 6 18 6 0 0 250000 0 9682862 11350613 28586 10408 0 22569 9961448 11383590 1346085 2502067 0 0 2869691 3050939 0 0 0 5741702 5867738 9957478 11420744 3970 -37154 19043316 19864383 17534090 18275994 1509226 1588389 X THE UVA LICENSING AND VENTURES GROUP IS DEDICATED TO GROWING AND GUIDING UNIVERSITY INNOVATIONS WHILE IMPROVING LIVES ON GROUNDS AND AROUND THE WORLD. 0 0 3667333 4617297 PATENTING: THE PATENTING DEPARTMENT PREPARES AND FILES PATENT APPLICATIONS. DURING THE FISCAL YEAR ENDED 2025, THE UNIVERSITY OF VIRGINIA PATENT FOUNDATION D/B/A UNIVERSITY OF VIRGINIA LICENSING AND VENTURES GROUP (LVG OR THE FOUNDATION) WAS AWARDED 47 U.S. PATENTS. 5251801 2502067 6755885 LICENSING: THE LICENSING DEPARTMENT EVALUATES, MARKETS, AND LICENSES INVENTIONS. DURING THE FISCAL YEAR ENDED 2025, LVG SOLICITED 168 INVENTION DISCLOSURES FROM UVA FACULTY, STAFF, AND STUDENT INVENTORS AND EXECUTED 91 COMMERCIAL TRANSACTIONS. 1136898 NEW VENTURES: UVA LVG PROVIDES RESOURCES AND EXPERTISE TO SUPPORT THE ENTREPRENEURIAL AND INVESTMENT PROCESS. DURING THE FISCAL YEAR ENDED 2025, LVG HELPED LAUNCH 8 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. 17456 OTHER PROGRAM SERVICES: LVG PROVIDES A VARIETY OF OTHER PROGRAMS, GENERALLY AT THE REQUEST OF UVA. 17456 10073488 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 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 1 160 0 18 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 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 MICHAEL LENOX DIRECTOR 1.00 40.00 X 0 633313 104586 JENNIFER WEST DIRECTOR 1.00 40.00 X 0 542909 115526 JEFFREY MARTENS DIRECTOR 1.00 40.00 X 0 410546 58877 RICHARD CHYLLA EXECUTIVE DIRECTOR 40.00 X 405833 0 61241 LORI MCMAHON DIRECTOR 1.00 40.00 X 0 365695 46968 ROBERT CREEDEN DIRECTOR OF UVA LVG SEED FUND 40.00 X 257081 0 45031 ROBERT DECKER BOARD SECRETARY, SENIOR PATENT COUNSEL 40.00 X 235952 0 46889 JILL SIMANDL DIRECTOR OF FINANCE AND OPERATIONS 40.00 X 170167 0 36178 JOSHUA MAULDIN DIRECTOR OF LICENSING 40.00 X 164147 0 39352 JONATHAN RUDD LICENSING MANAGER 40.00 X 112762 0 23912 CORTNEY MUSHILL LICENSING MANAGER 40.00 X 105469 0 28340 FRED EPSTEIN DIRECTOR 1.00 40.00 X 0 0 0 PETER GRANT II CHAIR 1.00 X X 0 0 0 ERIK HEWLETT DIRECTOR 1.00 X 0 0 0 JOHN LAZO DIRECTOR 1.00 X 0 0 0 PAUL MICHEL DIRECTOR 1.00 X 0 0 0 RONALD NEWBOLD VICE CHAIR 1.00 X X 0 0 0 RICHARD TADLER DIRECTOR 1.00 X 0 0 0 KWAME ULMER TREASURER 1.00 X X 0 0 0 1451411 1952463 606900 7 0 1 0 BUCHANAN INGERSOLL & ROONEY PC 1700 K STREET NW SUITE 300 WASHINGTON DC 20006 OUTSIDE PATENT COUNSEL 923633 JENKINS TAYLOR & HUNT PA PO BOX 710 MORRISVILLE NC 27560 OUTSIDE PATENT COUNSEL 471311 THOMAS HORSTEMEYER 3200 WINDY HILL RD SE STE 1600E ATLANTA GA 30339 OUTSIDE PATENT COUNSEL 418556 SCHWEGMAN LUNDBERG & WOESSNER PA 1600 TCF TOWER 121 SOUTH 8TH ST MINNEAPOLIS MN 55402 OUTSIDE PATENT COUNSEL 266421 POTOMAC LAW GROUP PLLC 1300 PENNSYLVANIA AVE NW SUITE 7 WASHINGTON DC 20004 OUTSIDE PATENT COUNSEL 157284 8 IP SERVICES TO UVA 900099 5767967 5767967 LICENSE FEES & ROYALTIES 900099 3849333 3849333 PATENT COSTS REIMBURSED 900099 1733313 1733313 11350613 10408 10408 105519 105519 0 OTHER INCOME 900099 22569 22569 22569 11383590 11373182 0 10408 2502067 2502067 938378 521741 416637 1566068 1214563 351505 139845 91085 48760 224563 155812 68751 182085 127320 54765 81785 77696 4089 78075 78075 88752 88752 43930 39537 4393 29300 18735 10565 169105 108123 60982 1347267 1347267 277603 177430 100173 58744 44451 14293 32740 20934 11806 39647 26167 13480 PATENT DEVELOPMENT COST 3088994 3088994 CONSULTING FEES 324908 324908 ENTERPRISE STUDIO OPERA 84902 84902 UNCOLLECTIBLE PATENT CO 84300 84300 37686 17456 20230 11420744 10073488 1347256 0 166 265 1921342 1876885 2007569 1824241 247179 221469 726122 584709 48391 141413 14818669 15800110 19043316 19864383 381304 282375 17152786 17993619 17534090 18275994 X 1509226 1588389 1509226 1588389 19043316 19864383 -37154 116317 0 X X 0 1 X 1 0 X X 1 UNIVERSITY OF VIRGINIA 546001796 6 1 4411029 0 1 4411029 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X SCHEDULE A, PART IV, 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; 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. 82452 62921 19531 160264 91554 68710 483406 430234 53172 141413 DEPOSIT 14583 PREPAID ROYALTY DISTRIBUTIONS 104604 INVESTMENTS HELD FOR VENTURE FUND 5582246 INVESTMENTS HELD FOR UVA LVG SEED FUND 10098677 15800110 DISTRIBUTIONS PAYABLE TO UVA 584350 DISTRIBUTIONS PAYABLE TO I&SA FUND 627780 DISTRIBUTIONS PAYABLE TO INVENTORS 630036 DISTRIBUTIONS PAYABLE TO OTHERS 33640 ACCRUED PAYROLL AND VACATION 166984 FEES AND ROYALTIES RECEIVED IN ADVANCE 269906 INVESTMENTS HELD FOR VENTURE FUND 5582246 INVESTMENTS HELD FOR UVA LVG SEED FUND 10098677 17993619 X 11489109 105519 105519 11383590 0 11383590 11526263 105519 105519 11420744 0 11420744 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: SUBLEASE REVENUE REPORTED AT NET 105,519. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED AT NET 105,519. 1 UNIVERSITY OF VIRGINIA UNIVERSITY AVENUE CHARLOTTESVILLE VA 22902 546001796 170(B)(1)(A)(VI) 2502067 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 567091 0 65000 0 1222 0 60602 0 43984 0 737899 0 0 JENNIFER WEST DIRECTOR 0 530723 0 10000 0 2186 0 78054 0 37472 0 658435 0 0 JEFFREY MARTENS DIRECTOR 0 371774 0 37091 0 1681 0 33444 0 25433 0 469423 0 0 RICHARD CHYLLA EXECUTIVE DIRECTOR 353333 0 52500 0 0 0 37093 0 24148 0 467074 0 0 0 LORI MCMAHON DIRECTOR 0 289226 0 75000 0 1469 0 29073 0 17895 0 412663 0 0 ROBERT CREEDEN DIRECTOR OF UVA LVG SEED FUND 252081 0 5000 0 0 0 25934 0 19097 0 302112 0 0 0 ROBERT DECKER BOARD SECRETARY, SENIOR PATENT COUNS 231952 0 4000 0 0 0 23247 0 23642 0 282841 0 0 0 JILL SIMANDL DIRECTOR OF FINANCE AND OPERATIONS 165167 0 5000 0 0 0 17831 0 18347 0 206345 0 0 0 JOSHUA MAULDIN DIRECTOR OF LICENSING 159647 0 4500 0 0 0 16792 0 22560 0 203499 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 FOUR 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 4434 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 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0