UNIVERSITY OF VIRGINIA PATENT FOUNDATION Charity Report

Public IRS 990 nonprofit record

UNIVERSITY OF VIRGINIA PATENT FOUNDATION

EIN 54-1045487 · Education (B110)

What they do

THE PRINCIPAL ACTIVITY of THE FOUNDATION is to SUPPORT THE UNIVERSITYS 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 UNIVERSITYS 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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $88.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders19 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

88.49%of revenue went to mission work88.2% of expenses · Program services

$100.33spent for every $100 of revenueSpending was higher than revenue this year.

11.84%of revenue went to management and office costs11.8% of expenses

$1.74in assets for every $1 spent this yearSome assets cannot be spent right away.

2.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $37,154 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $467,074 for RICHARD CHYLLA (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$11,383,590

Mission workProgram services$10,073,48888.49% of revenue88.2% of expenses

ManagementOffice and general costs$1,347,25611.84% of revenue11.8% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$11,420,744100.33% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 88.2% mission · 11.8% management · 0.0% fundraisingTotal expenses: 100.33% of revenue

2023Expense mix: 87.6% mission · 12.4% management · 0.0% fundraisingTotal expenses: 99.96% of revenue

2022Expense mix: 88.1% mission · 11.9% management · 0.0% fundraisingTotal expenses: 99.95% of revenue

2021Expense mix: 92.2% mission · 7.8% management · 0.0% fundraisingTotal expenses: 99.58% of revenue

2020Expense mix: 95.3% mission · 4.7% management · 0.0% fundraisingTotal expenses: 99.86% of revenue

2019Expense mix: 91.8% mission · 8.2% management · 0.0% fundraisingTotal expenses: 99.57% of revenue

2018Expense mix: 91.4% mission · 8.6% management · 0.0% fundraisingTotal expenses: 99.54% of revenue

2017Expense mix: 90.7% mission · 9.3% management · 0.0% fundraisingTotal expenses: 100.34% of revenue

Money in and money out

Revenue$11,383,590

Expenses$11,420,744

Annual shortfall $37,154 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$10,073,488 · 88.2% of expenses

Management and office costs$1,347,256 · 11.8% of expenses

See all reported dollar amounts

Revenue$11,383,590

Expenses$11,420,744

Assets$19,864,383

Income$11,489,109

Contributions$317,339

Mission work (program services)$10,073,488

Grants given$18,973,093

Average grant$2,108,121

Management and general$1,347,256

Accounting fees$78,075

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

RICHARD CHYLLAEXECUTIVE DIRECTOR · 40 hrs/week $467,074Base $405,833 · Other $61,241

ROBERT CREEDENDIRECTOR OF UVA LVG SEED FUND · 40 hrs/week $302,112Base $257,081 · Other $45,031

ROBERT DECKERBOARD SECRETARY, SENIOR PATENT COUNSEL · 40 hrs/week $282,841Base $235,952 · Other $46,889

JILL SIMANDLDIRECTOR OF FINANCE AND OPERATIONS · 40 hrs/week $206,345Base $170,167 · Other $36,178

JOSHUA MAULDINDIRECTOR OF LICENSING · 40 hrs/week $203,499Base $164,147 · Other $39,352

JONATHAN RUDDLICENSING MANAGER · 40 hrs/week $136,674Base $112,762 · Other $23,912

CORTNEY MUSHILLLICENSING MANAGER · 40 hrs/week $133,809Base $105,469 · Other $28,340

JENNIFER WESTDIRECTOR · 1 hrs/week $115,526Base · Other $115,526

MICHAEL LENOXDIRECTOR · 1 hrs/week $104,586Base · Other $104,586

JEFFREY MARTENSDIRECTOR · 1 hrs/week $58,877Base · Other $58,877

LORI MCMAHONDIRECTOR · 1 hrs/week $46,968Base · Other $46,968

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (19)

RICHARD CHYLLAEXECUTIVE DIRECTOR

ROBERT CREEDENDIRECTOR OF UVA LVG SEED FUND

ROBERT DECKERBOARD SECRETARY, SENIOR PATENT COUNSEL

JILL SIMANDLDIRECTOR OF FINANCE AND OPERATIONS

JOSHUA MAULDINDIRECTOR OF LICENSING

JONATHAN RUDDLICENSING MANAGER

CORTNEY MUSHILLLICENSING MANAGER

JENNIFER WESTDIRECTOR

MICHAEL LENOXDIRECTOR

JEFFREY MARTENSDIRECTOR

LORI MCMAHONDIRECTOR

KWAME ULMERTREASURER

RONALD NEWBOLDVICE CHAIR

RICHARD TADLERDIRECTOR

PETER GRANT IICHAIR

PAUL MICHELDIRECTOR

JOHN LAZODIRECTOR

FRED EPSTEINDIRECTOR

ERIK HEWLETTDIRECTOR

About this charity

Recognized since: January 1977
Location: 722 PRESTON AVE STE 107, CHARLOTTESVLE, VA 22903-4400
County: Charlottesville (city)
In care of: % MICHAEL STRAIGHTIFF
Primary officer: RICHARD CHYLLA, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Emaillvg@virginia.edu Phone(434) 924-2175

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: HANTZMON WIEBEL LLP
NTEE classification: Education (B110)
Grant-giving organization: Yes