Overview
What is West Virginia University Research Corporation?
The West Virginia University Research Corporation, a Morgantown-based nonprofit organization, was established in accordance with West Virginia law in 1985, with the primary objective of fostering and supporting research at West Virginia University (WVU). This charitable, educational, and scientific organization facilitates research missions at the university by acting as a fiscal agent for sponsored projects and maximizing the effectiveness of technology transfer. The Research Corporation's role has contributed significantly to WVU's classification as an R1, doctoral university – highest research activity – by the Carnegie Foundation. In fiscal year 2022, research expenditures totaled $199 million, with $90 million coming from federal agencies. The organization's impressive growth led to an increase in Facilities and Administrative (F&A) costs from $31.7 million to $35.4 million. Notable increases in funding expenditures from primary federal research sponsors include the National Science Foundation, Department of Health and Human Services, and Department of Agriculture. The Research Corporation continues to invest in programs that improve faculty competitiveness and has seen a notable return in new awards.
Official website here: www.research.wvu.edu
Is West Virginia University Research Corporation legitimate?
West Virginia University Research Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Virginia University Research Corporation 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $25,883,192
For more financial information, click here
Official website here: www.research.wvu.edu
What is the mission statement of West Virginia University Research Corporation?
The West Virginia University Research Corporation was established in 1985 to support and foster research at West Virginia University. The organization's primary focus is to facilitate research at the university and provide evaluation, development, patenting, management, and marketing services for inventions by the faculty, staff, and students. Research is an integral part of the university's mission, and the research corporation plays a crucial role in achieving this goal by acting as a fiscal agent for sponsored projects. The corporation's unique status enables it to maximize the effectiveness of technology transfer, in addition to its economic and business development functions. With significant research funding, WVU was classified as an R1, doctoral university - highest research activity, by the Carnegie Foundation in fiscal year 2022. Sponsored award expenditures reached $199 million for fiscal year 2022, with $90 million coming from federal agencies. The corporation's investments in enhancing faculty competitiveness through programs have started to yield noticeable returns in terms of new awards. The most effective initiatives include the Program to Stimulate Competitive Research and the internal National Institutes Health (NIH) style study section at the Health Sciences Center, providing scientific review of grant applications prior to external submission to increase competitiveness. Despite the dynamic funding environment, both the university and the research corporation are deploying innovative strategies to expand the quantity and quality of funding for the research enterprise from all sources.
Official website here: www.research.wvu.edu
Who is the CEO of West Virginia University Research Corporation?
Barbara Weiss is the Director of West Virginia University Research Corporation.
Official website here: www.research.wvu.edu
What is the revenue of West Virginia University Research Corporation?
West Virginia University Research Corporation's revenue in 2022 was $154,245,456.
Official website here: www.research.wvu.edu
Who are the executives of West Virginia University Research Corporation and what are their salaries?
The average compensation at West Virginia University Research Corporation during 2022 was $42,571. There are 608 employees at West Virginia University Research Corporation.
Here are 22 key members and their salaries:
- Clay Marsh (Director)
- E Gordon Gee (Director)
- Laura Gibson (Director)
- Maryanne Reed (Director)
- Paula Congelio (Director)
- J Robert Alsop (Executive Director)
- Earl Scime (Director)
- Pedro J Mago (Director)
- Anjali Halabe (Treasurer)
- Stephanie Taylor (Director)
- Fred King (Director)
- Maura Mclaughlin (Director)
- Sarah Biller (General Operations Manager)
- David Kosslow (Assistant Treasurer)
- Shelley Welch (Dir Of Clinical Trials)
- James Dottavio (General & Operations Manag)
- Alan Martin (Secretary)
- Matthew Armistead (Computer & Info Research Scientist)
- Padmashree Tirumalai (Natural Sciences Manager)
- Narvel Weese (Former Dir & Officer)
- Katie Stores (Secretary)
- Eugene Cilento (Former Director)
Official website here: www.research.wvu.edu
Where can I find the form 990 for West Virginia University Research Corporation?
The West Virginia University Research Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.research.wvu.edu
Learn more at the official website: www.research.wvu.edu
Mission Statement of West Virginia University Research Corporation
West Virginia University Research Corporation, a charitable organization established in 1985, plays a pivotal role in fostering and supporting research at West Virginia University (WVU). This nonprofit is dedicated to facilitating the research mission of the university through various services. It provides evaluation, development, patents, management, and marketing for inventions created by the faculty, staff, and students of WVU.
The Research Corporation's primary objective is to nurture the research activities at West Virginia University. It operates as a fiscal agent for sponsored projects, helping maximize the effectiveness of technology transfer and contributing to economic and business development. The success of the Research Corporation is evident in WVU's classification as an R1, doctoral university – highest research activity, by the Carnegie Foundation in fiscal year 2022. Sponsored award expenditures reached $199 million for fiscal year 2022, with $90 million coming from federal agencies. Consequently, facilities and administrative costs increased from $31.7 million to $35.4 million.
Furthermore, the Research Corporation has seen growth in funded expenditures from its primary federal research sponsors, such as the National Science Foundation, Department of Health and Human Services, Department of Agriculture, National Aeronautics and Space Administration, and Department of Energy. The implementation of programs by the Research Office, particularly the Program to Stimulate Competitive Research and the internal National Institutes Health (NIH) style Study Section at the Health Sciences Center, has yielded a noticeable return in terms of new grants. Despite a dynamic funding environment, the University and the Research Corporation continue to explore innovative strategies to expand the quantity and quality of funding for the research enterprise.
Impact
This information is meant to be a general summary of West Virginia University Research Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
West Virginia University Research Corporation plays a pivotal role in fostering and supporting research at West Virginia University (WVU). By providing evaluation, development, patenting, management, and marketing services for inventions by the faculty, staff, and students of WVU, the Research Corporation contributes significantly to the university's research mission. This support has helped WVU achieve the prestigious classification as an R1, doctoral university - highest research activity, by the Carnegie Foundation, placing it among the 146 strongest research institutions in the U.S.
With sponsored award expenditures amounting to $199 million in fiscal year 2022, including substantial funding from federal agencies like the National Science Foundation, Department of Health and Human Services, Department of Agriculture, and National Aeronautics and Space Administration, the impact of the Research Corporation is evident in the growth and success of WVU's research enterprise. By maximizing technology transfer effectiveness, supporting economic and business development functions, and enhancing competitiveness through innovative programs, the Research Corporation contributes to the expansion and quality of funding for research at WVU.
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 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCI RESEARCH & DEV SER
Revenue
$19,841,092
Organization Details
Founding Year
1985
Phone
(304) 293-4008
Principal Officer
Barbara Weiss
Main Address
PO BOX 6005 ONE WATERFRONT PLACE, MORGANTOWN, WV, 26506
Website
www.research.wvu.edu
NTEE Category
Code: B43 - Education
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