2025-05-14T14:20:30-05:00 2024-06-30 990 2023-07-01 550665758 WEST VIRGINIA UNIVERSITY RESEARCH CORPORATION WEST 3042934008 PO BOX 6005 ONE WATERFRONT PLACE MORGANTOWN WV 26506 BARBARA WEISS TREASURER 3042934008 2025-05-14 1 2023 2025-03-06 01:10:19Z BARBARA WEISS PO BOX 6005 ONE WATERFRONT PLACE MORGANTOWN WV 26506 199158963 0 X HTTP://RESEARCH.WVU.EDU X 1985 WV TO FOSTER AND SUPPORT RESEARCH AT WEST VIRGINIA UNIVERSITY. 8 0 666 0 27320 0 153723757 166157921 18438079 18371388 802519 1802713 3814428 10956896 176778783 197288918 38815704 41527639 0 0 40391443 42933384 0 0 0 97205629 101097423 176412776 185558446 366007 11730472 165110522 163322809 123805072 109831799 41305450 53491010 X TO FOSTER AND SUPPORT RESEARCH AT WEST VIRGINIA UNIVERSITY (WVU) AND TO PROVIDE EVALUATION, DEVELOPMENT, PATENTING, MANAGEMENT AND MARKETING SERVICES FOR INVENTIONS BY THE FACULTY, STAFF, AND STUDENTS OF WVU. 0 0 173046718 41527639 28998759 SEE SCHEDULE OIN 1985, THE WEST VIRGINIA UNIVERSITY RESEARCH CORPORATION (RESEARCH CORPORATION) WAS CREATED IN ACCORDANCE WITH WEST VIRGINIA STATE LAW AND WITH THE EXPRESSED PURPOSE TO FOSTER AND SUPPORT RESEARCH AT WEST VIRGINIA UNIVERSITY (UNIVERSITY). THE RESEARCH CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING FOR SUCH PURPOSES: (1) TO FOSTER AND SUPPORT RESEARCH AT WEST VIRGINIA UNIVERSITY; AND(2) TO PROVIDE EVALUATION, DEVELOPMENT, PATENTING, MANAGEMENT, AND MARKETING SERVICES FOR INVENTIONS BY THE FACULTY, STAFF, AND STUDENTS OF WEST VIRGINIA UNIVERSITY.RESEARCH IS AN INTEGRAL PART OF THE UNIVERSITY'S MISSION AND THE RESEARCH CORPORATION FACILITATES THIS MISSION THROUGH ITS ROLE AS A FISCAL AGENT FOR SPONSORED PROJECTS. THE RESEARCH CORPORATION ALSO USES ITS UNIQUE STATUS TO MAXIMIZE THE EFFECTIVENESS OF TECHNOLOGY TRANSFER IN ADDITION TO ITS ECONOMIC AND BUSINESS DEVELOPMENT FUNCTIONS. ONE IMPORTANT INDICATION OF THIS SUCCESS IS THE UNIVERSITY'S CLASSIFICATION AS AN R1, DOCTORAL UNIVERSITY - HIGHEST RESEARCH ACTIVITY, BY THE CARNEGIE FOUNDATION IN FISCAL YEAR 2022 PLACING WVU AMONG THE 146 STRONGEST RESEARCH INSTITUTIONS IN THE UNITED STATES. SPONSORED AWARD EXPENDITURES CAME IN AT $275 MILLION FOR FISCAL YEAR 2024, WITH $124 MILLION COMING FROM FEDERAL AGENCIES (IN FISCAL YEAR 2023 THE NUMBERS WERE $231 MILLION AND $107 MILLION). AS A RESULT OF THIS GROWTH, THE FACILITIES AND ADMINISTRATIVE COSTS ("F&A") RECOVERED INCREASED FROM $39.2 MILLION TO $43.4 MILLION FROM FISCAL YEAR 2023 TO FISCAL YEAR 2024 - AN INCREASE OF $5.2 MILLION.COMPARING FISCAL YEAR 2024 TO FISCAL YEAR 2023 FOR OUR PRIMARY FEDERAL RESEARCH SPONSORS:DOE FUNDED EXPENDITURES INCREASED FROM $13.8 MILLION TO $19.8 MILLIONHHS FUNDED EXPENDITURES DECREASED FROM $55.5 MILLION TO $50.4 MILLIONUSDA FUNDED EXPENDITURES DECREASED FROM $11.7 MILLION TO $7.8 MILLIONNASA FUNDED EXPENDITURES INCREASED FROM $5.5 MILLION TO $7.8 MILLIONNSF FUNDED EXPENDITURES REMAINED CONSTANT AT $14.2 MILLIONOTHER FEDERAL FUNDED EXPENDITURES INCREASED FROM $14.1 MILLION TO $23.8 MILLIONINVESTMENTS IN IMPROVING THE COMPETITIVENESS OF THE FACULTY THROUGH THE IMPLEMENTATION OF PROGRAMS BY THE RESEARCH OFFICE IS CONTINUING TO YIELD A NOTICEABLE RETURN IN TERMS OF THE DOLLAR VALUE OF NEW AWARDS. THE MOST EFFECTIVE OF THESE INVESTMENTS REMAINS THE PROGRAM TO STIMULATE COMPETITIVE RESEARCH, PROVIDING SUPPORT TO ENSURE THAT RESUBMITTED PROPOSALS HAVE A SIGNIFICANTLY ENHANCED PROBABILITY OF SUCCESS; AND AN INTERNAL NATIONAL INSTITUTES HEALTH (NIH) STYLE STUDY SECTION AT OUR HEALTH SCIENCES CENTER (HSC), PROVIDING SCIENTIFIC REVIEW OF GRANT APPLICATIONS PRIOR TO EXTERNAL SUBMISSION TO INCREASE COMPETITIVENESS. THE UNIVERSITY'S FOCUS ON AREAS SUCH AS NEUROSCIENCE, ENERGY AND SUSTAINABILITY, AND AEROSPACE IS YIELDING MANY OF THE INCREASES NOTED ABOVE. ADDITIONALLY, WE HAVE RECEIVED $50 MILLION FROM THE STATE OF WEST VIRGINIA TO INVEST IN AND GROW OUR CANCER INSTITUTE'S RESEARCH CAPABILITIES. FINALLY, IT SHOULD ALSO BE NOTED THAT THE OUR F&A RECOVERY HAS GROWN BY OVER $15.7 MILLION SINCE 2020.WHILE THE UNIVERSITY AND THE RESEARCH CORPORATION FINDS ITSELF IN A VERY DYNAMIC FUNDING ENVIRONMENT, BOTH ARE DEPLOYING INNOVATIVE STRATEGIES TO EXPAND THE QUANTITY AND QUALITY OF FUNDING FOR THE RESEARCH ENTERPRISE FROM ALL SOURCES AND LOOKS FORWARD TO CONTINUED SUCCESS IN THE FUTURE. 173046718 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 330 0 1 666 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 8 0 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X KATIE STORES SECRETARY 3042934769 886 CHESTNUT RIDGE ROAD MORGANTOWN WV 26506 STEPHANIE TAYLOR DIRECTOR 5.00 40.00 X 0 292852 41970 E GORDON GEE DIRECTOR 0.20 70.00 X 0 796446 28825 PEDRO J MAGO DIRECTOR 1.00 40.00 X 0 340370 35264 MAURA MCLAUGHLIN DIRECTOR 1.00 40.00 X 0 293453 35041 FRED KING DIRECTOR 2.00 59.00 X 0 287401 27271 PAULA CONGELIO DIRECTOR 0.25 65.00 X 0 383479 20137 MARYANNE REED DIRECTOR 1.00 75.00 X 0 439338 35306 MING LEI DIRECTOR 5.00 40.00 X 0 222327 13340 DAVID KOSSLOW ASSISTANT TREASURER 5.00 40.00 X 0 189818 34684 KATIE STORES SECRETARY 1.00 40.00 X 0 217160 12654 ROSSI WILES OFFICER 1.00 40.00 X 0 165772 19910 CLAY MARSH EXECUTIVE DIRECTOR 1.00 70.00 X 0 956291 25902 BARBARA WEISS TREASURER 5.00 40.00 X 0 305595 24500 SHELLEY WELCH GENERAL & OPERATIONS MANAG 37.50 X 173372 0 34789 SARAH BILLER GENERAL OPERATIONS MANAGER 37.50 X 194582 0 7968 PADMASHREE TIRUMALAI NATURAL SCIENCES MANAGER 37.50 X 173885 0 8650 SAMUAL TAYLOR GENERAL OPERATIONS MANAGER 37.50 X 148845 0 49513 MATTHEW TENAN GENERAL & OPERATIONS MANAG 37.50 X 181107 0 45904 LAURA GIBSON FORMER DIRECTOR 0.00 50.00 X 0 339099 29297 EARL SCIME FORMER DIRECTOR 0.00 90.00 X 0 334921 28832 J ROBERT ALSOP FORMER EXECUTIVE DIRECTOR 0.00 40.00 X 0 420548 19800 871791 5984870 579557 54 1 1 0 NORTHEAST NATURAL ENERGY LLC 707 VIRGINIA ST E STE 1200 CHARLESTON WV 25301 CONTRACTOR 6260227 ADNET SYSTEMS INC 6720B ROCKLEDGE DR STE 504 BETHESDA MD 20817 IT SOLUTION/SERV 1682960 CROTHALL FACILITIES MANAGEMENT INC 1500 LIBERTY RIDGE DRIVE STE 210 CHESTERBROOK PA 190875583 CONSTRUCTION 1434614 UKG INC 1485 N PARK DRIVE WESTON FL 33326 PAYROLL PROCESSING 1069295 PREPAID TECHNOLOGIES COMPANY INC 217 COUNTRY CLUB PARK SUITE 113 BIRMINGHAM AL 35213 PREPAID CARD SERVICE 1020000 132 147950398 18207523 166157921 SCI RESEARCH & DEV SER 541700 18367531 18344068 23463 MISC FIN INVEST ACT 523000 3857 3857 18371388 1281805 1281805 302205 302205 2390953 1870045 520908 520908 520908 TRANSFER OF ASSETS 900099 10654691 10654691 10654691 197288918 28998759 27320 2104918 37091613 37091613 4270737 4270737 165289 165289 32516339 30983876 1532463 1687425 1607174 80251 6368237 6065373 302864 2361383 2250085 111298 760751 3595 757156 85044 911 84133 445716 420829 24887 2737412 2366840 370572 1535728 866915 668813 7111 7111 2729540 2700898 28642 4239436 4175350 64086 580163 561117 19046 2557554 1740636 816918 3095353 3071888 23465 448195 112212 335983 SHARED SERVICES 59416190 54120927 5295263 RESEARCH/EDUC. 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EDUCATIONAL GRANTS ARE AWARDED BASED ON ACADEMIC MERIT. IF THE RECIPIENT IS KNOWN AT THE TIME THE PRINCIPAL INVESTIGATOR WRITES THE GRANT PROPOSAL, THAT INFORMATION IS INCLUDED IN THE PROPOSAL FOR SPONSOR APPROVAL. IF THE RECIPIENT IS DETERMINED AT A LATER DATE, THE PRINCIPAL INVESTIGATOR SUBMITS A REQUEST FOR A SUB-AWARD TO THE SPONSOR FOR APPROVAL AT THAT TIME. SUB-RECIPIENTS ARE PAID ON A COST REIMBURSABLE OR FIXED PRICE BASIS. IN BOTH INSTANCES, THE PRINCIPAL INVESTIGATOR REVIEWS AND APPROVES INVOICES FOR PAYMENT. THE PRINCIPAL INVESTIGATOR IS ALSO THE INDIVIDUAL WHO RECEIVES AND REVIEWS TECHNICAL PROGRESS REPORTS FROM SUB-RECIPIENTS. EDUCATIONAL GRANTS TO STUDENTS ARE PRIMARILY POSTED DIRECTLY TO THE STUDENT'S ACCOUNT OR PAID THROUGH ACCOUNTS PAYABLE. PAYMENTS POSTED TO THE STUDENT'S ACCOUNT ARE REVIEWED BY WVU STUDENT ACCOUNTS TO DETERMINE IF ANY MONEY IS OWED BY THE STUDENT OR OWED TO THE STUDENT AS A REFUND. 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LLC 5210 S STATE ROAD ANN ARBOR MI 48108 901033421 44232 0 BOOK RESEARCH BOISE STATE UNIVERSITY 1910 UNIVERSITY DRIVE BOISE ID 83725 560641460 SECTION 115 289188 0 BOOK PUBLIC SERVICE, RESEARCH, AND INSTRUCTION WV SCHOOL OF OSTEOPATHIC MEDICINE 400 N LEE STREET LEWISBURG WV 249011128 550561541 SECTION 115 351970 0 BOOK RESEARCH WVSU RESEARCH & DEVELOPMENT CORP PO BOX 1000 ACEOP ADMIN BUILDING INSTITUTE WV 25112 550708567 501(C)(3) 14706 0 BOOK PUBLIC SERVICE AND RESEARCH WVU PARKERSBURG 300 CAMPUS DR PARKERSBURG WV 26104 550523820 SECTION 115 91183 0 BOOK PUBLIC SERVICE UNIVERSITY OF ARKANSAS SYSTEM TREASURERS OFFICE PO BOX 1404 FAYETTEVILLE AR 72702 716003252 SECTION 115 60867 0 BOOK RESEARCH WEST VIRGINIA UNIVERSITY PO BOX 6201 MORGANTOWN WV 26506 556000842 SECTION 115 9928443 0 BOOK EXPENDITURES ON GRANTS AWARDED TO WVURC ON BEHALF OF WVU FOR ACQUISITION OF CAPITAL ASSETS OR CONSTRUCTION WHERE THE ASSET WAS TRANSFERRED TO WVU AS A BENEFICIARY OF THE ASSET. APPALACHIAN COMMUNITY HEALTH CENTER 725 YOKUM STREET ELKINS WV 26241 550483699 501(C)(3) 42094 0 BOOK RESEARCH BURLINGTON UNITED METHODIST FAMILY SERVICES INC 539 NEW CREEK HIGHWAY KEYSER WV 26726 550575371 501(C)(3) 27219 0 BOOK RESEARCH CATHOLIC UNIVERSITY OF AMERICA 620 MICHIGAN AVE NE LEAHY 162 WASHINGTON DC 20064 530196583 501(C)(3) 14793 0 BOOK RESEARCH GENERAL ELECTRIC COMPANY 3000 N GRANDVIEW BLVD WAUKESHA WI 53188 140689340 141603 0 BOOK RESEARCH CARNEGIE MELLON UNIV 5000 FORBES AVE PITTSBURGH PA 15213 250969449 501(C)(3) 221106 0 BOOK RESEARCH THE BOARD OF REGENTS OF THE UNIVERSITY OF NEBRASKA 3835 HOLDREGE STREET LINCOLN NE 685830742 470049123 501(C)(3) 54903 0 BOOK PUBLIC SERVICE AND RESEARCH TECHCONNECT WV 1740 UNION CARBIDE DR NO 4203 SOUTH CHARLESTON WV 25303 205793624 501(C)(3) 45175 0 BOOK RESEARCH CENTER FOR RURAL HEALTH DEVELOPMENT INC 75 CHASE DR HURRICANE WV 25526 550729764 501(C)(3) 357157 0 BOOK PUBLIC SERVICE AND RESEARCH BATTELLE MEMORIAL INSTITUTE 505 KING 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MOUNTAIN STATE OSTEOPATHIC POSTDOCTORAL TRAINING INSTITUTIONS INC 400 LEE STREET NORTH LEWISBURG WV 24901 550763235 501(C)(3) 170999 0 BOOK INSTRUCTION HONEYWELL INTERNATIONAL INC 855 SOUTH MINT STREET CHARLOTTE NC 28202 222640650 17470 0 BOOK RESEARCH MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVENUE CAMBRIDGE MA 02139 042103594 501(C)(3) 475459 0 BOOK RESEARCH UNIVERSITY OF NORTH TEXAS HEALTH SCIENCE CENTER 3500 CAMP BOWIE BLVD FORT WORTH TX 76107 756064033 501(C)(3) 143676 0 BOOK RESEARCH REGENTS OF THE UNIVERSITY OF CALIFORNIA 1111 FRANKLIN ST 12TH FLOOR OAKLAND CA 94607 956006144 SECTION 115 13248 0 BOOK RESEARCH OHIO UNIVERSITY 1 OHIO UNIVERSITY DRIVE PO BOX 960 ATHENS OH 45701 316402113 SECTION 115 37600 0 BOOK RESEARCH PRESTON MEMORIAL HOSPITAL CORP 150 MEMORIAL DRIVE KINGWOOD WV 265371442 311097818 501(C)(3) 49220 0 BOOK RESEARCH REGENTS OF THE UNIVERSITY OF COLORADO 1800 GRANT ST STE 600 DENVER CO 80203 846000555 SECTION 115 23251 0 BOOK RESEARCH RESEARCH TRIANGLE INSTITUTE PO BOX 12194 RESEARCH TRIANGLE PARK NC 277092194 560686338 501(C)(3) 118167 0 BOOK RESEARCH RITCHIE COUNTY PRIMARY CARE ASSOC INC 135 SOUTH PENN AVENUE HARRISVILLE WV 26362 550737963 501(C)(3) 38275 0 BOOK RESEARCH SAVE THE TYGART WATERSHED ASSOCIATION INC PO BOX 164 GRAFTON WV 26354 204107219 501(C)(3) 23028 0 BOOK RESEARCH THE UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER AT HOUSTON 7000 FANNIN STREET HOUSTON TX 77030 741761309 SECTION 115 41633 0 BOOK RESEARCH TRINITY FAMILY HEALTH CARE LLC 1 SOUTH MARSHAM STREET ROMNEY WV 26757 471985943 99999 0 BOOK RESEARCH STONEWALL JACKSON MEMORIAL HOSPITAL CO 230 HOSPITAL PLAZA WESTON WV 26452 550422958 501(C)(3) 47521 0 BOOK RESEARCH SYNTERRA CORPORATION 148 RIVER ST STE 220 GREENVILLE SC 29601 570962660 21573 0 BOOK RESEARCH THE REGENTS OF THE UNIVERSITY OF CALIFORNIA 1608 FOURTH STREET SUITE 201 BERKELEY CA 947101103 946002123 SECTION 115 59443 0 BOOK RESEARCH THE UNIVERSITY OF CENTRAL FLORIDA BOARD OF TRUSTEES 12424 RESEARCH PARKWAY STE 300 ORLANDO FL 32826 592924021 SECTION 115 196160 0 BOOK RESEARCH WESTED 730 HARRISON STREET SAN FRANCISCO CA 94107 943233542 30456 0 BOOK RESEARCH WV GEOLOGICAL & ECONOMIC SURVEY 1 MONT CHATEAU RD MORGANTOWN WV 265088079 556000936 SECTION 115 26742 0 BOOK RESEARCH WV HEALTH RIGHT INC 1520 WASHINGTON ST CHARLESTON WV 25311 311066881 501(C)(3) 10000 0 BOOK PUBLIC SERVICE AXIOM RESOURCE MANAGEMENT INC 5203 LEESBURG PIKE STE 300 FALLS CHURCH VA 22041 521828936 74015 0 BOOK PUBLIC SERVICE CASE WESTERN RESERVE UNIVERSITY 9601 CHESTER AVE CLEVELAND OH 44106 341018992 501(C)(3) 24631 0 BOOK RESEARCH CHICO STATE ENTERPRISES 25 MAIN STREET 203 CHICO CA 959295388 680386518 501(C)(3) 80391 0 BOOK RESEARCH CONVERGENT SCIENCE INC 6400 ENTERPRISE LN MADISON WI 53719 391924324 30000 0 BOOK RESEARCH EVERETT MCKINLEY DIRKSEN ENDOWMENT FUND 2815 BROADWAY PEKIN IL 61554 366132816 501(C)(3) 10436 0 BOOK RESEARCH 114 22 EDUCATIONAL GRANTS TO STUDENTS 3833756 BOOK EDUCATIONAL GRANTS TO INDIVIDUALS 436981 BOOK PART I, LINE 2: GRANT ELIGIBILITY AND SELECTION OF RECIPIENTS ARE DETERMINED BY THE PRINCIPAL INVESTIGATOR FOR EACH INDIVIDUAL GRANT. EDUCATIONAL GRANTS ARE AWARDED BASED ON ACADEMIC MERIT. IF THE RECIPIENT IS KNOWN AT THE TIME THE PRINCIPAL INVESTIGATOR WRITES THE GRANT PROPOSAL, THAT INFORMATION IS INCLUDED IN THE PROPOSAL FOR SPONSOR APPROVAL. IF THE RECIPIENT IS DETERMINED AT A LATER DATE, THE PRINCIPAL INVESTIGATOR SUBMITS A REQUEST FOR A SUB-AWARD TO THE SPONSOR FOR APPROVAL AT THAT TIME. SUB-RECIPIENTS ARE PAID ON A COST REIMBURSABLE OR FIXED PRICE BASIS. IN BOTH INSTANCES, THE PRINCIPAL INVESTIGATOR REVIEWS AND APPROVES INVOICES FOR PAYMENT. THE PRINCIPAL INVESTIGATOR IS ALSO THE INDIVIDUAL WHO RECEIVES AND REVIEWS TECHNICAL PROGRESS REPORTS FROM SUB-RECIPIENTS. EDUCATIONAL GRANTS TO STUDENTS ARE PRIMARILY POSTED DIRECTLY TO THE STUDENT'S ACCOUNT OR PAID THROUGH ACCOUNTS PAYABLE. PAYMENTS POSTED TO THE STUDENT'S ACCOUNT ARE REVIEWED BY WVU STUDENT ACCOUNTS TO DETERMINE IF ANY MONEY IS OWED BY THE STUDENT OR OWED TO THE STUDENT AS A REFUND. STUDENTS ALSO REVIEW THEIR OWN ACCOUNTS TO ENSURE THAT THEY AGREE WITH THE ACTIVITY POSTED TO THEIR ACCOUNTS. 0 0 0 0 0 0 0 0 0 CLAY MARSH EXECUTIVE DIRECTOR 0 923994 0 0 0 32297 0 19800 0 6335 0 982426 0 0 E GORDON GEE DIRECTOR 0 766285 0 161 0 30000 0 19800 0 9043 0 825289 0 0 MARYANNE REED DIRECTOR 0 409744 0 161 0 29433 0 26528 0 8800 0 474666 0 0 J ROBERT ALSOP FORMER EXECUTIVE DIRECTOR 0 419697 0 0 0 851 0 19800 0 70 0 440418 0 0 PAULA CONGELIO DIRECTOR 0 353479 0 0 0 30000 0 19800 0 359 0 403638 0 0 PEDRO J MAGO DIRECTOR 0 340299 0 0 0 71 0 19800 0 15534 0 375704 0 0 LAURA GIBSON FORMER DIRECTOR 0 234847 0 81039 0 23213 0 19289 0 10080 0 368468 0 0 EARL SCIME FORMER DIRECTOR 0 302862 0 16500 0 15559 0 20344 0 8511 0 363776 0 0 STEPHANIE TAYLOR DIRECTOR 0 291524 0 0 0 1328 0 18276 0 23754 0 334882 0 0 BARBARA WEISS TREASURER 0 260391 0 45038 0 166 0 18561 0 7810 0 331966 0 0 MAURA MCLAUGHLIN DIRECTOR 0 293453 0 0 0 0 0 18087 0 16976 0 328516 0 0 FRED KING DIRECTOR 0 287401 0 0 0 0 0 17443 0 9850 0 314694 0 0 MING LEI DIRECTOR 0 151750 0 0 0 70577 0 13340 0 8 0 235675 0 0 KATIE STORES SECRETARY 0 210900 0 0 0 6260 0 12654 0 0 0 229814 0 0 MATTHEW TENAN GENERAL & OPERATIONS MANAG 181107 0 0 0 0 0 11520 0 35758 0 228385 0 0 0 DAVID KOSSLOW ASSISTANT TREASURER 0 186058 0 0 0 3760 0 12093 0 22737 0 224648 0 0 SHELLEY WELCH GENERAL & OPERATIONS MANAG 171524 0 0 0 1848 0 10800 0 27873 0 212045 0 0 0 SARAH BILLER GENERAL OPERATIONS MANAGER 194582 0 0 0 0 0 7200 0 3063 0 204845 0 0 0 SAMUAL TAYLOR GENERAL OPERATIONS MANAGER 148052 0 0 0 793 0 9548 0 40754 0 199147 0 0 0 ROSSI WILES OFFICER 0 158984 0 0 0 6788 0 10141 0 9791 0 185704 0 0 PADMASHREE TIRUMALAI NATURAL SCIENCES MANAGER 173885 0 0 0 0 0 8650 0 1682 0 184217 0 0 0 PART I, LINE 3 CLAY MARSH AS THE CEO/EXECUTIVE DIRECTOR DURING FISCAL YEAR 2024, IS NOT PAID BY THE WEST VIRGINIA UNIVERSITY RESEARCH CORPORATION (RC) BUT IS PAID BY WEST VIRGINIA UNIVERSITY (WVU), A RELATED ORGANIZATION. COMPENSATION IS DETERMINED BY WVU THROUGH THE USE OF SEVERAL FACTORS INCLUDING JOB ANALYSIS AND EVALUATION, THE ESSENTIAL DUTIES AND RESPONSIBILITIES OF THE POSITION, AND SALARY SURVEY DATA ON PAY PRACTICES. WVU PERIODICALLY REVIEWS THE SALARY ADMINISTRATION PROGRAM AND RESTRUCTURES IT AS NECESSARY. MARKET AND/OR COMPETENCY BASED ADJUSTMENTS MAY BE WARRANTED BASED ON EMPLOYMENT FUNCTIONS, AS DETERMINED BY A CLASSIFICATION REVIEW. IN ADDITION, EMPLOYEES MAY BE AWARDED MERIT-BASED PAY ADJUSTMENTS IN CONJUNCTION WITH SUPERIOR PERFORMANCE. FORM 990, PART VI, SECTION A, LINE 2 EFFECTIVE MAY 26, 2015, ALL WEST VIRGINIA UNIVERSITY RESEARCH CORPORATION DIRECTORS ARE EMPLOYED BY WEST VIRGINIA UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11B THE WEST VIRGINIA UNIVERSITY TAX SERVICES UNIT, THE WVU DIVISION OF FINANCE, THE WVURC TREASURER, AND THE WVURC ASSISTANT TREASURER REVIEW A DRAFT OF THE FORM 990 ON BEHALF OF THE WVURC. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C WEST VIRGINIA UNIVERSITY RESEARCH CORPORATION (RC) MAINTAINS BOTH A CONFLICT OF INTEREST POLICY AND A WHISTLEBLOWER POLICY BOTH OF WHICH ARE PROVIDED TO RC EMPLOYEES AS PART OF THE RC EMPLOYEE HANDBOOK. THE CONFLICT OF INTEREST POLICY REQUIRES ALL RESEARCH INVESTIGATORS TO SUBMIT A CONFLICT OF INTEREST IN RESEARCH DISCLOSURE ON, AT MINIMUM, AN ANNUAL BASIS. ALL INVESTIGATORS ARE REQUIRED TO UPDATE THEIR DISCLOSURE INFORMATION WITHIN THIRTY DAYS OF THE DEVELOPMENT OF A NEW SIGNIFICANT FINANCIAL INTEREST IN RESEARCH. ADDITIONALLY RC EMPLOYEES WITHIN THE OFFICE OF TECH TRANSFER MUST ANNUALLY DISCLOSE SIGNIFICANT FINANCIAL INTERESTS FOR INSTITUTIONAL CONFLICTS OF INTEREST TO THE CONFLICT OF INTEREST OFFICE BY JULY 31 OF EACH YEAR. FINALLY, ALL RC EMPLOYEES ARE REQUIRED TO DISCLOSE ALL OUTSIDE CONSULTING ARRANGEMENTS TO THE EMPLOYEE'S DEPARTMENT LEADER BY AUGUST 31 OF EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15 EFFECTIVE MAY 26, 2015, ALL WEST VIRGINIA UNIVERSITY RESEARCH CORPORATION (RC) DIRECTORS ARE EMPLOYED BY WEST VIRGINIA UNIVERSITY AND ARE COMPENSATED BY A RELATED ORGANIZATION, WEST VIRGINIA UNIVERSITY (WVU). COMPENSATION FOR EVERY WVU AND FOR EVERY RC EMPLOYEE POSITION IS DETERMINED BY SEVERAL FACTORS INCLUDING JOB ANALYSIS AND EVALUATION, THE ESSENTIAL DUTIES AND RESPONSIBILITIES OF THE POSITION, AND SALARY SURVEY DATA ON PAY PRACTICES. WVU PERIODICALLY REVIEWS THE SALARY ADMINISTRATION PROGRAM AND RESTRUCTURES IT AS NECESSARY. MARKET AND/OR COMPETENCY BASED ADJUSTMENTS MAY BE WARRANTED BASED ON ONE'S EMPLOYMENT FUNCTIONS, AS DETERMINED BY A CLASSIFICATION REVIEW. IN ADDITION, EMPLOYEES MAY BE AWARDED MERIT-BASED PAY ADJUSTMENTS IN CONJUNCTION WITH SUPERIOR PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 PURSUANT TO CHAPTER 31, ARTICLE I, SECTION 28 OF THE OFFICIAL CODE OF WEST VIRGINIA, 1931, AS AMENDED, A CERTIFICATE OF INCORPORATION WAS ISSUED BY THE WEST VIRGINIA SECRETARY OF STATE ON JUNE 26, 1985 TO THE WEST VIRGINIA UNIVERSITY RESEARCH CORPORATION. THIS CERTIFICATE IS AFFIXED TO THE ARTICLES OF INCORPORATION OF THE WEST VIRGINIA UNIVERSITY RESEARCH CORPORATION. THAT CERTIFICATE ALONG WITH THE WVURC'S AFFIRMATIVE ACTION PLAN, FINANCIAL STATEMENTS AND FORM 990-T ARE OPEN AND AVAILABLE FOR INSPECTION AT THE WVURC UPON REQUEST. THE IRS DETERMINATION LETTER AND FORM 990 ARE AVAILABLE ON WEST VIRGINIA UNIVERSITY'S TAX SERVICES WEBSITE. FORM 990, PART VI, SECTION B, LINE 16 POLICIES DURING THE FISCAL YEAR 2015 WEST VIRGINIA UNIVERSITY RESEARCH CORPORATION BECAME A MEMBER INVESTOR IN THE WEST VIRGINIA GROWTH INVESTMENT LLC WHICH IS AN LLC ENTITY FILING AS A PARTNERSHIP FOR INCOME TAX PURPOSES. THE FOCUS OF THE WEST VIRGINIA GROWTH INVESTMENT LLC WILL BE TO INVEST IN SMALL BUSINESSES LOCATED WITHIN THE WEST VIRGINIA REGION THAT DEMONSTRATE THE POTENTIAL FOR GROWTH AND A SUITABLE RETURN. FORM 990 PART VI SECTION A GOVERNING BOARD AND MANAGEMENT EFFECTIVE WITH THE FISCAL YEAR 2024, THERE WERE CHANGES MADE TO THE STRUCTURE, COMPOSITION AND DUTIES OF THE WVU RESEARCH CORPORATION BOARD OF DIRECTORS. THE VOTING MEMBERSHIP OF THE BOARD OF DIRECTORS NOW INCLUDES EIGHT VOTING MEMBERS AND FIVE NON-VOTING OFFICERS. THE EIGHT VOTING BOARD OF DIRECTOR MEMBERS INCLUDE THE FOLLOWING WEST VIRGINIA UNIVERSITY (WVU) REPRESENTATIVES: THE WVU PRESIDENT; THE WVU PROVOST; THE WVU VICE PRESIDENT AND CHIEF FINANCIAL OFFICER; THE WVU VICE PRESIDENT FOR RESEARCH; THE WVU SENIOR ASSOCIATE VICE PRESIDENT FOR HEALTH SCIENCES RESEARCH AND GRADUATE EDUCATION; A MEMBER OF THE WVU GENERAL COUNSEL; AND TWO WVU FACULTY MEMBERS AS APPOINTED BY THE WVU PRESIDENT. ALL BOARD DIRECTORS ARE APPOINTED BASED ON THEIR WEST VIRGINIA UNIVERSITY POSITION WITH EMPHASIS ON WVU POSITIONS WITHIN A COLLEGE OR AREA WITH A HIGH LEVEL OF EXTERNALLY FUNDED RESEARCH. THERE IS NO SET TERM AN INDIVIDUAL MAY SERVE AS A BOARD OF DIRECTOR MEMBER AS DIRECTORS ARE APPOINTED BASED ON THEIR EMPLOYMENT POSITION AT WVU WITH THE INTENTION THAT BOARD OF DIRECTOR MEMBERS WILL RETAIN THEIR BOARD MEMBERSHIP FOR THE DURATION OF THEIR EMPLOYMENT IN ONE OF THE ABOVE LISTED WVU POSITIONS. THERE ARE NO EXTERNAL BOARD DIRECTORS. ADDITIONALLY, EFFECTIVE WITH THE FISCAL YEAR 2024 THE ROLE WITHIN THE BOARD OF DIRECTORS FOR THE WVU CHANCELLOR AND EXECUTIVE DEAN FOR HEALTH SCIENCES CHANGED FROM A BOARD DIRECTOR TO AN OFFICER AS THE EXECTIVE DIRECTOR FOR THE WVU RESEARCH CORPORATION. ALL NON-VOTING OFFICERS ARE ELECTED BY THE VOTING MEMBERS OF THE BOARD FOR A ONE YEAR TERM. FORM 990, PART XI, LINE 9: ROUNDING ($3) -3. FORM 990 SCHEDULE R PART V 1D LOANS OR LOAN GUARANTEES TO OR FOR RELATED OR EFFECTIVE APRIL 1, 2022 (FISCAL YEAR 2022), THE WEST VIRGINIA UNIVERSITY INNOVATION CORPORATION (UIC), A RELATED ORGANIZATION (SEE SCHEDULE R) TO THE WEST VIRGINIA UNIVERSITY RESEARCH CORPORATION (CORPORATION), UNDERWENT A RESTRUCTURING OF BUSINESS FUNCTIONS. WHILE UIC CONTINUES TO OPERATE UNDER ITS MISSION AND 501(C)(3) NON-PROFIT STATUS, THERE WAS A NEED FOR REORGANIZATION OF THE BUSINESS FUNCTIONS TO ENABLE CONTINUED OPERATIONS FROM A FINANCIAL PERSPECTIVE. AT THAT TIME THE BYLAWS WERE AMENDED AND RESTATED SUCH THAT WEST VIRGINIA UNITED HEALTH SYSTEM, INC. (WVUHS) AND WEST VIRGINIA UNIVERSITY (UNIVERSITY) HAVE EQUAL VOTING CONTROL IN UIC THROUGH APPOINTMENT OF 50% EACH OF THE UIC BOARD OF DIRECTORS. DURING THE FIRST TWO YEARS OF OPERATIONS FOLLOWING THE REORGANIZATION, UIC'S OPERATIONAL EXPENSES AND RELATED INCOME OR LOSS WILL BE ALLOCATED 75% TO WVUHS AND 25% TO THE CORPORATION. THE 25% ALLOCATION TO THE CORPORATION WILL BE ON BEHALF OF THE UNIVERSITY. ADDITIONALY, AS PART OF THE REORGANIZATION, IN JUNE 2022 THE CORPORATION BOARD AUTHORIZED THE WRITE OFF OF LOANS PREVIOUSLY PROVIDED BY THE CORPORATION TO THE UIC IN THE AMOUNT OF $4,684,753 INCLUDING PRINCIPAL AND INTEREST. STATE OF WEST VIRGINIA DBA WEST VIRGINIA UNIVERSITY PO BOX 6005 MORGANTOWN WV 265066005 556000842 EDUCATION AND RESEARCH WV N/A 0 WEST VIRGINIA UNIVERSITY INNOVATION CORPORATION PO BOX 4439 MORGANTOWN WV 26504 611764272 RESEARCH WV 501(C)(3) LINE 12B, II STATE OF WV DBA WVU & WV UNITED HEALTH SYSTEM 0 F & P REALTY COMPANY PO BOX 6005 ONE WATERFRONT PLACE MORGANTOWN WV 26506 550571302 BUILDING LESSOR WV WEST VIRGINIA UNIVERSITY RESEARCH CORPORATION C 24000 255969 1.00000 1 0 1 1 1 1 0 0 0 1 1 1 0 0 1 1 1 1 1 1 WEST VIRGINIA UNIVERSITY INNOVATION CORP B 432091 CASH