Overview
What is Wisys Technology Foundation Inc?
Wisys Technology Foundation Inc, established in 2000, is a nonprofit organization based in Madison, Wisconsin. Its primary role is to manage intellectual property in compliance with the Bayh-Dole Act, acting as the designated office for intellectual property management for all University of Wisconsin institutions aside from UW-Madison. The organization provides support services for innovation and research development, working with 11 universities in the Wisconsin regional campuses. During the 2022-23 fiscal year, Wisys reviewed 44 new invention disclosures, accepted 23 for further study and patenting, and applied for 10 U.S. patents. As of June 30, 2023, the organization had 12 professional staff members and 7 ambassadors working through various UW campuses, along with 2 student interns. The mission of Wisys Technology Foundation Inc is to empower University of Wisconsin faculty, staff, students, and alumni to innovate for impact.
Official website here: www.wisys.org
Is Wisys Technology Foundation Inc legitimate?
Wisys Technology Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wisys Technology Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $293,327
Professional Fundraising Fees: $0
Other Salaries and Wages: $823,110
For more financial information, click here
Official website here: www.wisys.org
What is the mission statement of Wisys Technology Foundation Inc?
The Wisys Technology Foundation Inc's mission is centered around empowering faculty, staff, students, and alumni of the University of Wisconsin to innovate for impact. This is achieved by providing intellectual property management services in compliance with the Bayh-Dole Act. The foundation supports innovation and research development across the 11 universities of Wisconsin regional campuses. During the fiscal year 2022-23, Wisys reviewed and accepted several invention disclosures for further study and patenting. They also applied for various U.S. patents and received issued patents. The foundation operates with a team of professional staff and has ambassadors working through the various UW campuses.
Official website here: www.wisys.org
Who is the CEO of Wisys Technology Foundation Inc?
Arjun Sanga is the President of Wisys Technology Foundation Inc.
Official website here: www.wisys.org
What is the revenue of Wisys Technology Foundation Inc?
Wisys Technology Foundation Inc's revenue in 2023 was $1,837,439.
Official website here: www.wisys.org
Who are the executives of Wisys Technology Foundation Inc and what are their salaries?
The average compensation at Wisys Technology Foundation Inc during 2023 was $33,831. There are 33 employees at Wisys Technology Foundation Inc.
Here are 13 key members and their salaries:
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- Compensation: $111,351
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- Other: $35,657
Official website here: www.wisys.org
Where can I find the form 990 for Wisys Technology Foundation Inc?
Wisys Technology Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wisys.org
Learn more at the official website: www.wisys.org
Mission Statement of Wisys Technology Foundation Inc
Wisys Technology Foundation, established in 2000, is a nonprofit organization with a mission to empower faculty, staff, students, and alumni from the University of Wisconsin. This empowerment is geared towards fostering innovation that can bring about impact. The foundation was created in compliance with the Bayh-Dole Act, serving as the designated office for intellectual property management for all University of Wisconsin institutions, excluding UW-Madison. In alignment with its mission, Wisys Technology Foundation provides intellectual property management services to comply with the Bayh-Dole Act for the 11 universities in the Wisconsin Regional Campuses. It also offers support services for innovation and research development.
During the fiscal year 2022-23, Wisys Technology Foundation reviewed 44 new invention disclosures from UW-System faculty and students, accepting 23 of them for further study and patenting. During the same period, the foundation applied for 10 U.S. patents and derivatives, receiving 7 U.S. issued patents. Wisys Technology Foundation also completed 2 new license and options agreements. The organization is staffed by 12 professional employees, and its efforts extend beyond its offices, with 7 ambassadors working through various UW campuses, as well as 2 student interns. The foundation's mission is to empower the University of Wisconsin community to innovate for impact, contributing to the development of new technologies and innovations.
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Impact
October, 2024
Wisys Technology Foundation Inc plays a pivotal role in fostering innovation and impactful research within the University of Wisconsin system. By providing comprehensive intellectual property management and support services, Wisys empowers faculty, staff, students, and alumni to transform their ideas into tangible solutions that can benefit society.
In fiscal year 2022-23, Wisys reviewed 44 new invention disclosures, demonstrating a vibrant culture of innovation among the UW community. Out of these, they accepted 23 for further study and patenting, highlighting their commitment to advancing groundbreaking technologies and research outcomes. The foundation successfully applied for 10 U.S. patents, further solidifying their role in translating academic research into marketable products and technologies.
Wisys also facilitates collaboration through licensing agreements, having completed 2 new license and option agreements during the same fiscal year. This establishes a critical link between academic innovations and industry, ensuring that university discoveries have the potential to reach broader audiences and drive economic growth.
With a dedicated team of professionals and ambassadors stationed across various campuses, Wisys Technology Foundation Inc is strategically positioned to nurture the innovative spirit within the University of Wisconsin. Their efforts not only contribute to the advancement of technology and research but also serve to elevate the institution’s reputation as a leader in fostering innovation that makes a lasting impact.
This information is meant to be a general summary of Wisys Technology Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $16,294
- Program Service Revenue: $174,256
- Gross Receipts: $2,891,094
Assets and Liabilities:
- Total Assets: $3,843,590
- Total Liabilities: $848,939
- Net Assets: $2,994,651
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LICENSE & SUB REVENUE
Revenue
$165,728
WISYS SPARK SYMPOSIUM
Revenue
$8,528
Organization Details
Founding Year
2000
Phone
(608) 316-4037Principal Officer
Arjun Sanga
Main Address
614 WALNUT STREET 13TH FLOOR, MADISON, WI, 53726
Website
www.wisys.orgNTEE Category
Code: B90 - Education
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