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University License Equity Holdings Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 841220697 ✦ Aurora, CO ✦ Designated as a 501(c)(3)

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Overview

What is University License Equity Holdings Inc?

University License Equity Holdings Inc, based in Aurora, Colorado, serves as a nonprofit organization that manages various interests in entrepreneurial ventures. These ventures are derived from intellectual properties transferred to the organization by the University of Colorado, as per a transfer agreement. The primary mission of University License Equity Holdings Inc is to aid faculty, students, and staff entrepreneurs at the University of Colorado in establishing successful businesses. They strive to foster the educational, research, and other service objectives of the university by nurturing innovations born from university research discoveries.

Is University License Equity Holdings Inc legitimate?

University License Equity Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University License Equity Holdings 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of University License Equity Holdings Inc?

University License Equity Holdings Inc's mission is centered around supporting entrepreneurial endeavors at the University of Colorado. The organization's primary objective is to aid faculty, students, and staff in establishing successful companies, leveraging discoveries made at the university. This is achieved by managing various interests in entrepreneurial ventures related to intellectual properties transferred to ULEHI by the university, as per a transfer agreement. In essence, University License Equity Holdings Inc serves as a catalyst for transforming university research into commercially viable businesses.

Who is the CEO of University License Equity Holdings Inc?

Steve Vannurden is the Treasurer/Secretary of University License Equity Holdings Inc.

What is the revenue of University License Equity Holdings Inc?

University License Equity Holdings Inc's revenue in 2022 was $2,497,891.

Who are the executives of University License Equity Holdings Inc and what are their salaries?

There 5 volunteers at University License Equity Holdings Inc.


Here are 8 key members and their salaries:


Steve Vannurden (Treasurer/Secretary)
  • Compensation: $0
  • Related: $530,682
  • Other: $46,631
Terri Fiez (Regent Director)
  • Compensation: $0
  • Related: $320,102
  • Other: $38,338
Jeremy Hueth (Regent Director)
  • Compensation: $0
  • Related: $330,307
  • Other: $45,888
Merc Mercure (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catharine Merigold (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Lupa (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Mills (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joleen Bohnen (Director Of Finance)
  • Compensation: $0
  • Related: $241,167
  • Other: $38,169
Where can I find the form 990 for University License Equity Holdings Inc?

University License Equity Holdings Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of University License Equity Holdings Inc

University License Equity Holdings Inc, in essence, serves to foster the educational and research objectives of the University of Colorado. Their primary mission is to aid faculty, students, and staff entrepreneurs at the University of Colorado in establishing prosperous businesses. This is accomplished by leveraging research discoveries generated at the university, which are then transferred to University License Equity Holdings Inc under a transfer agreement. The organization manages various interests in entrepreneurial ventures related to these intellectual properties, thereby assisting in the commercialization of these discoveries.

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Impact




October, 2024

University License Equity Holdings Inc (ULEHI) plays a significant role in advancing the educational and research objectives at the University of Colorado. By holding and managing interests in various entrepreneurial ventures, ULEHI facilitates the transfer of intellectual properties developed within the university. This allows faculty, students, and staff entrepreneurs to leverage their research discoveries, turning innovative ideas into successful companies.

ULEHI's support not only fosters a culture of entrepreneurship within the university but also enhances the commercialization of research findings. This has a manifold impact: it promotes scientific innovation, creates job opportunities, and drives economic development, both locally and regionally. Ultimately, ULEHI strengthens the university's mission by bridging the gap between research and practical application, ensuring that discoveries contribute meaningfully to society.




This information is meant to be a general summary of University License Equity Holdings 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.

Revenue
$2,497,891 (2022)
Expenses
$1,216,569 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $615,263
  • Program Service Revenue: $130,000
  • Gross Receipts: $2,754,971

Assets and Liabilities:

  • Total Assets: $18,642,060
  • Total Liabilities: $0
  • Net Assets: $18,642,060

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MANAGEMENT FEE

Revenue

$130,000

Organization Details

Founding Year

1992

Principal Officer

Steve Vannurden

Main Address

13001 E 17TH PLACE W5130, AURORA, CO, 80045

NTEE Category

Code: U20 - Science research

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