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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Virginia Tech Intellectual Properties Inc.

Virginia Tech Intellectual Properties Inc.

Fiscal year ending 2018. Filed on May 14, 2019.

1015 Life Science Circle Suite 245d
Blacksburg, Virginia 24061

Virginia Tech Intellectual Properties Inc. (EIN: 54-1323858) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2018 IRS Form 990 filing, Virginia Tech Intellectual Properties Inc., a 501(c)(3) charitable organization, reported compensation for 4 out of 7 total employees. Among the employees shown here, the average compensation is $279,622. The highest compensated employee at Virginia Tech Intellectual Properties Inc. is Dr Theresa Mayer with fiscal year 2018 compensation of $393,163.

Revenue, expenses, and employee compensation

Revenue

$2,944,778

Expenses

$2,725,372

Employee compensation

$263,369
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Dr Theresa Mayer
Chair
$393,163
$0 $336,116 $57,047
Mr Ben Knapp
Director
$287,159
$0 $236,185 $50,974
Mr Mark Coburn
President (Until 9/2017)
$239,907
$197,197 No related comp$42,710
Mrs Amy Pruden
Director
$198,257
$0 $173,010 $25,247

Benchmark Employee Compensation

Non-Employee Board Members

Dr William Huckle
Director
$133,452
$0 $105,734 $27,718
Mrs Anna-Marion Bieri
Director
$110,524
$0 $87,823 $22,701
Mr John Dooley
Secretary and Treasurer
No compensation reported
Mr Ken Ferris
Director
No compensation reported
Dr Joe Meredith
Director
No compensation reported
Mr Bob Flores
Director
No compensation reported
Mr Kevin Passarello
Director
No compensation reported

Contractors

New River Valley Intell Property LA
Patent Attorneys
$169,798
Whitham Cook PC
Patent Attorneys
$146,161
Thomas Horstemeyer
Patent Attorneys
$119,907

Mission Statement

TO PROMOTE, ENCOURAGE, AND MARKET SCIENTIFIC RESEARCH BY THE FACULTY, STAFF AND STUDENTS SOLELY FOR THE BENEFIT OF VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY (VIRGINIA TECH).

Revisions to this organization profile

April 8, 2025:
2024 Virginia Tech Intellectual Properties Inc. 990 filed
May 14, 2024:
2023 Virginia Tech Intellectual Properties Inc. 990 filed
May 8, 2023:
2022 Virginia Tech Intellectual Properties Inc. 990 filed

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