2025-02-11T13:22:50+00:00 2024-03-31 990 2023-07-01 260027386 Nutech Ventures NUTE 4024722881 301 CANFIELD ADMINISTRATION LINCOLN NE 685880433 Mike Zeleny Vice Chancellor 2025-02-11 true 2023 2025-03-06 01:10:19Z UNL TECHNOLOGY DEVELOPMENT CORPORATION Rodney Bennett 201 CANFIELD ADMINISTRATION LINCOLN NE 68588 6262143 false X WWW.NUTECHVENTURES.ORG X 2002 NE NUtech Venture's mission is encouraging research through the development and application of the University of Nebraska - Lincoln (UNL) based discoveries and inventions. 9 4 0 4 0 0 1790474 1267278 5652679 4962049 9077 17080 53151 15736 7505381 6262143 0 0 0 0 0 0 0 0 0 7601437 6302995 7601437 6302995 -96056 -40852 5530037 5216930 4772584 4500329 757453 716601 NUtech Venture's mission is encouraging research through the development and application of the University of Nebraska - Lincoln (UNL) based discoveries and inventions. false false 6302995 0 4962049 NUTech Venture's mission is encouraging research through the development and application of the University of Nebraska - Lincoln (UNL) based discoveries and inventions. 6302995 true true false false false false false false false false false false true true false false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 133 0 true 0 false false false false false false false false false false false false X 9 4 false false false false true true true true true false false true true true true true true false false false X Mike Zeleny 4024722881 301 CANFIELD ADMINISTRATION Lincoln NE 68588 Marc LeBaron Chairman 1.0 0.0 X X 0 0 0 Michael Zeleny Secretary 1.0 39.0 X X 0 357916 60006 Rebecca Zavala Assistant Secretary 1.0 39.0 X X 0 214233 45793 Robert Wilhelm Vice Chairman (THRU 10/2023) 1.0 39.0 X X 0 361968 42553 Connie Edmond Board Member 1.0 0.0 X 0 0 0 Jay Wilkinson Board Member 1.0 0.0 X 0 0 0 Michael Boehm Board Member 1.0 39.0 X 0 375018 46625 Natasha Plooster Board Member 1.0 0.0 X 0 0 0 Rodney Bennett Chancellor 1.0 39.0 X 0 808322 63056 Sherri Jones Vice Chancellor 1.0 39.0 X 0 593413 96716 Brad Roth President 40.0 0.0 X 0 218464 39640 Lacey Rohe Treasurer 1.0 39.0 X 0 175743 42847 Cheryl Horst Associate Director 40.0 0.0 X 0 156629 46615 Jeewan Jyot Director of Licensing 40.0 0.0 X 0 151619 31995 0 3413325 515846 0 false true false Leydig Voit & Mayer Ltd 180 North Stetson Avenue Ste 4900 Chicago IL 60601 Legal 209011 Fish & Richardson PC PO BOX 3295 Boston MA 022413295 Legal 161563 2 1267278 1267278 Licensing Income 541700 4962049 4962049 0 0 0 0 4962049 17080 17080 0 0 0 0 Miscellaneous Income 900099 15736 15736 0 0 0 0 15736 6262143 4962049 0 32816 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 632555 632555 0 0 0 0 0 0 0 0 0 0 57344 57344 7836 7836 24656 24656 4065591 4065591 32257 32257 29351 29351 0 0 0 0 18966 18966 0 0 88260 88260 0 0 Leased Employees 1261345 1261345 Organizational Planning 83610 83610 Other Operating Expenses 1224 1224 0 0 0 0 6302995 6302995 0 0 4235335 3939066 0 0 0 0 79364 168641 0 0 0 0 0 0 0 0 39992 22031 0 0 0 0 212 212 0 0 0 0 1175134 1086980 5530037 5216930 847501 767011 0 0 23333 0 0 0 0 0 0 0 0 0 0 0 3901750 3733318 4772584 4500329 X 757453 716601 0 0 0 0 0 0 0 0 757453 716601 5530037 5216930 -40852 0 X false true X true false X 1242119 1129317 1277280 1790474 1267278 6706468 0 0 1242119 1129317 1277280 1790474 1267278 6706468 0 6706468 397 83 83 9077 17080 26720 0 20250 8501 8797 53151 15736 106435 6839623 29987198 0.9805 0.9845 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - MISCELLANEOUS INCOME, COLUMN A - 20250.0, COLUMN B - 8501.0, COLUMN C - 8797.0, COLUMN D - 53151.0, COLUMN E - 15736.0, COLUMN F - 106435.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Due to Related Parties 210 Right of Use Assets 1513032 Accumulated Amortization -426262 1086980 Due to the University of Nebraska - Lincoln 2672055 Right of Use Liabilities 1061263 3733318 false false false true false true false false false Michael Zeleny Secretary 0 357379 0 0 0 537 0 29584 0 30422 0 417922 0 0 Rebecca Zavala Assistant Secretary 0 214089 0 0 0 144 0 17907 0 27886 0 260026 0 0 Robert Wilhelm Vice Chairman (THRU 10/2023) 0 360914 0 0 0 1054 0 24769 0 17784 0 404521 0 0 Sherri Jones Vice Chancellor 0 592304 0 0 0 1109 0 48768 0 47948 0 690129 0 0 Rodney Bennett Chancellor 0 803392 0 0 0 4930 0 38400 0 24656 0 871378 0 0 Michael Boehm Board Member 0 374657 0 0 0 361 0 24783 0 21842 0 421643 0 0 Brad Roth President 0 187195 0 30199 0 1070 0 18079 0 21561 0 258104 0 0 Lacey Rohe Treasurer 0 175599 0 0 0 144 0 14838 0 28009 0 218590 0 0 Cheryl Horst Associate Director 0 145328 0 11139 0 162 0 13543 0 33072 0 203244 0 0 Jeewan Jyot Director of Licensing 0 141110 0 10329 0 180 0 12180 0 19815 0 183614 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation THE RELATED ORGANIZATION, UNIVERSITY OF NEBRASKA, REVIEWS AND APPROVES COMPENSATION. Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization NUTECH VENTURES PROVIDES A BONUS FOR CHERYL HORST AND JEEWAN JYOT BASED ON TEAM AND INDIVIDUAL METRICS. THE TEAM METRICS ARE QUANTITATIVE AND QUALITATIVE ACCOMPLISHMENTS FOR THE YEAR INCLUDING NUMBER OF LICENSES AND OPTIONS, NEW INVENTION DISCLOSURES, NEW GROSS REVENUE, CAMPUS OUTREACH INTERACTIONS, ENTREPRENEURSHIP, MARKETING CAMPAIGNS, SPECIAL PROJECTS, AND PROCESSING NEW INVENTIONS. THE INDIVIDUAL METRICS ARE MORE QUALITATIVE BASED ACCOMPLISHMENTS FOR THE YEAR INCLUDING LEGAL LICENSE REVIEW, PATENT PROSECUTION, MANAGEMENT AND LEADERSHIP, PROFESSIONAL DEVELOPMENT, AND STATEMENT OF WORK DEVELOPMENT. THE METRIC CONTINGENT UPON REVENUE OF THE ORGANIZATION IS A RELATIVELY SMALL PORTION AND TEAM BASED. THE OVERALL DECISION PROCESS HAS SEVERAL OTHER METRICS OBSERVED, AS STATED ABOVE. Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization NUtech Ventures provides a bonus for Brad Roth based on team and individual metrics. The team metrics are quantitative accomplishments for the year including number of startups companies supported, number of partnerships, and number of industry research expenditures. The individual metrics are quantitative and qualitative accomplishments for the year including that operations come in at or under the board approved budget, inventors served, and number of new invention disclosures. The metric contingent upon net earnings is a relatively small portion and individual based. Individual metrics combined account for approximately 25% of the overall decision for a bonus. Form 990, Part VI, Line 6 Classes of members or stockholders The sole member is the University Technology Development Corporation. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The chancellor of the University of Nebraska - Lincoln appoints all board members. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders Any amendment to the organization's articles of incorporation needs the consent of the following: 1. University Technology Development Corporation; and 2. Chancellor of the University of Nebraska - Lincoln Form 990, Part VI, Line 11b Review of form 990 by governing body The organization provided a copy of this Form 990 to all members before filing. Form 990, Part VI, Line 12c Conflict of interest policy Vendor payments are independently reviewed for potential conflicts of interest on a quarterly basis. Form 990, Part VI, Line 19 Required documents available to the public The organization provides all governing documents, conflict of interest policy, and financial statements to the public upon request. Form 990 Heading, Item A Change in Accounting Period REVENUE PROCEDURE 85-58 RULES APPLY THE UNIVERSITY OF NEBRASKA SYSTEM HAS DECIDED TO CHANGE THE ACCOUNTING PERIOD FOR MOST OF ITS AFFILIATE RETURNS FROM JULY 1, 20XX THROUGH JUNE 30, 20XX TO APRIL 1, 20XX THROUGH MARCH 31, 20XX. THIS CHANGE WAS IMPLEMENTED TO ALLEVIATE THE BURDEN ON THE ACCOUNTING TEAM IN YEAR-END PROCEDURES. UNIVERSITY OF NEBRASKA BOARD OF REGENTS 3835 HOLDREGE STREET LINCOLN NE 685830742 470049123 HIGHER EDU NE 501(c)(1) NA false UNIVERSITY TECHNOLOGY DEVELOPMENT CORPORATION 3835 HOLDREGE STREET LINCOLN NE 68583 260028948 RESEARCH NE 501(c)(3) 5 UNIV OF NE false NEBRASKA INNOVATION CAMPUS DEVELOPMENT CORP 301 CANFIELD ADMINISTRATION LINCOLN NE 68588 275334174 RESEARCH NE 501(c)(3) 5 UNIV TECH false NATIONAL STRATEGIC RESEARCH INSTITUTE 3835 HOLDREGE STREET LINCOLN NE 68583 455426026 RESEARCH NE 501(c)(3) 7 UNIV TECH false NEBRASKA DEFENSE RESEARCH CORPORATION 3835 Holdrege Street Lincoln NE 68583 251903092 RESEARCH NE 501(c)(3) 5 UNIV TECH false UNEHEALTH 985075 NEBRASKA MEDICAL CENTER OMAHA NE 68198 470771713 RESEARCH NE 501(c)(3) Type I UNIV OF NE false UNIVERSITY VILLAGE DEVELOPMENT CORPORATION OF KEARNEY 2504 9TH AVE KEARNEY NE 68849 842247815 RESEARCH NE 501(c)(3) 5 UNIV TECH false UNMC SCIENCE RESEARCH FUND 985090 NEBRASKA MEDICAL CENTER OMAHA NE 69198 201619389 RESEARCH NE 501(c)(3) Type I UNIV OF NE false UNEMED CORPORATION 986099 NEBRASKA MEDICAL CENTER OMAHA NE 68198 822026061 RESEARCH NE 501(c)(3) 5 UNIV TECH false UNIVERSITY DENTAL ASSOCIATES 40TH AND HOLDREGE STREET LINCOLN NE 68583 470789985 RESEARCH NE 501(c)(3) 10 UNIV OF NE false HD GROUP LLC 985090 Nebraska Medical Center Omaha NE 68198 472318001 HEALTHCARE TE NE UNMC SRF Unrelated 0 0 false false NE ENTERPRISES INC 986099 NEBRASKA MEDICAL CENTER Omaha NE 68198 470751298 BIO TECH NE UNIV TECH C Corporation 0 0 false false false true false false false false false false false false true false false false true false true false