Colorado State University Ventures Inc
- Assets
- $0.0
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 20
- Location
- Fort Collins, CO
- Founding
- Data as of
- 06/2019
- EIN
- 20-8434503
Organization Overview
Colorado State University Ventures Inc is located in Fort Collins, CO. As of 06/2019, Colorado State University Ventures Inc employed 20 individuals. Colorado State University Ventures Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2019, Colorado State University Ventures Inc generated $6.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $7.9m during the year ending 06/2019. While expenses have increased by 11.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
CSU VENTURES ACTIVELY SUPPORTS AND PROMOTES THE TRANSFER OF COLORADO STATE UNIVERSITY (CSU) RESEARCH AND INNOVATIONS INTO THE MARKETPLACE FOR THE BENEFIT OF SOCIETY. CSU VENTURES; SERVES CSU FACULTY AND RESEARCHERS WHO WISH TO PROTECT AND LICENSE INTELLECTUAL PROPERTY; BUILDS RELATIONSHIPS WITH INDUSTRIES AND INVESTORS SEEKING TO ENGAGE WITH CSU AND; LEVERAGES CSU INNOVATION TO FOSTER BUSINESS FORMATION AND ENHANCE REGIONAL ECONOMIC VITALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNOLOGY TRANSFER ASSISTS WITH PATENT AND LICENSING MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Henry Board Chair, Secretary | OfficerTrustee | 1 | $0 |
Dr Michael Goldblatt Director | Trustee | 1 | $0 |
Dr Bill Christiansen Director | Trustee | 1 | $0 |
Dr David Conrad Director | Trustee | 1 | $0 |
Todd Headley President | Officer | 40 | $237,710 |
Terry Opgenorth Vice President | Officer | 30 | $214,337 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Colorado State University Research Found Accounting/admin | 6/29/19 | $205,398 |
Polsinelli Pc Legal | 6/29/19 | $196,401 |
Eide Bailly Llp Implementation/consulting | 6/29/19 | $109,225 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,433,900 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,433,900 |
| Total Program Service Revenue | $214,746 |
| Investment income | $29,924 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,698,647 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,435 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,470,534 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,383,618 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $570,336 |
| Compensation of current officers, directors, key employees. | $143,966 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $988,200 |
| Pension plan accruals and contributions | $105,770 |
| Other employee benefits | $93,154 |
| Payroll taxes | $93,578 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $664,921 |
| Fees for services: Accounting | $219,283 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,527 |
| Advertising and promotion | $4,741 |
| Office expenses | $47,978 |
| Information technology | $0 |
| Royalties | $3,238,571 |
| Occupancy | $47 |
| Travel | $37,475 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,349 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,419 |
| Insurance | $16,302 |
| All other expenses | $45,530 |
| Total functional expenses | $7,944,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |