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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 2024. Filed on April 8, 2025.

1311 Research Center Drive 2057
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 2024 IRS Form 990 filing, Virginia Tech Intellectual Properties Inc., a 501(c)(3) charitable organization, reported compensation for 4 employees. Among the employees shown here, the average compensation is $434,422. The highest compensated employee at Virginia Tech Intellectual Properties Inc. is Dr Daniel Sui with fiscal year 2024 compensation of $534,919.

Revenue, expenses, and employee compensation

Revenue

$4,589,538

Expenses

$3,953,402

Employee compensation

$232,899
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Dr Daniel Sui
Chair
$534,919
$0 $474,123 $60,796
Ken Miller
Director
$447,419
$0 $376,127 $71,292
Dr X J Meng
Director
$430,204
$0 $361,973 $68,231
Brandy Salmon
President
$325,147
$0 $280,684 $44,463

Benchmark Employee Compensation

Non-Employee Board Members

Arthur Spivy
Director
Dr Brett Malone
Director
Dr Jennifer Reynolds
Director
Dr Vinod Chachra
Director
James Ramey
Director
John Newby
Director
Justice Elizabeth A McClanahan
Secretary and Treasurer
Nelson Chu
Director
Robert Bertin
Director

Contractors

Perilla Knox & Hildebrandt LLP
Legal
$464,106
Johnson Marcou Isaacs & Nix LLC
Legal
$210,782
Thomas Horstemeyer
Legal
$178,250

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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