West Virginia University Research Corporation

Organization Overview

West Virginia University Research Corporation is located in Morgantown, WV. The organization was established in 1987. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, West Virginia University Research Corporation employed 550 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Virginia University Research Corporation 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 06/2021, West Virginia University Research Corporation generated $139.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $137.3m during the year ending 06/2021. While expenses have increased by 0.2% per year over the past 6 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.

Since 2015, West Virginia University Research Corporation has awarded 861 individual grants totaling $165,511,038. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO FOSTER AND SUPPORT RESEARCH AT WEST VIRGINIA UNIVERSITY.

Describe the Organization's Program Activity:

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 IT'S ROLE AS A FISCAL AGENT FOR SPONSORED PROJECTS. THE RESEARCH CORPORATION ALSO USES IT'S UNIQUE STATUS TO MAXIMIZE THE EFFECTIVENESS OF TECHNOLOGY TRANSFER IN ADDITION TO IT'S ECONOMIC AND BUSINESS DEVELOPMENT FUNCTIONS. ONE IMPORTANT INDICATION OF THIS SUCCESS IS THE UNIVERSITY'S RENEWAL AS AN R1 DOCTORAL UNIVERSITY - HIGHEST RESEARCH ACTIVITY BY THE CARNEGIE FOUNDATION IN FISCAL YEAR 2018 PLACING WVU AMONG THE 130 STRONGEST RESEARCH INSTITUTIONS IN THE U.S. BY OUR CALCULATION, THE UNIVERSITY MOVED FROM 109TH TO 90TH IN THE CLASSIFICATION. IN FY21, THE UNIVERSITY SECURED MORE THAN $200M IN SPONSORED PROGRAM FUNDING, A NEW HIGH FOR THE INSTITUTION. AT THE SAME TIME, SPONSORED AWARD EXPENDITURES CAME IN AT $189M.FEDERAL FUNDING FOR SPONSORED PROGRAMS AT THE UNIVERSITY INCREASED IN FY21 TO $109M, WHEREAS OVERALL SPONSORED AWARDS (FEDERAL AND NON-FEDERAL SOURCES) REACHED A NEW HIGH OF $200M AS NOTED ABOVE. INVESTMENTS IN IMPROVING THE COMPETITIVENESS OF THE FACULTY THROUGH THE IMPLEMENTATION OF PROGRAMS BY THE RESEARCH OFFICE CONTINUES 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 NIH STYLE STUDY SECTION AT HSC, PROVIDING SCIENTIFIC REVIEW OF GRANT APPLICATIONS PRIOR TO EXTERNAL SUBMISSION TO INCREASE COMPETITIVENESS.THE UNIVERSITY CONTINUES TO SEE GROWTH IN THE FUNDING IT RECEIVES FROM THE NIH, WITH A NEW RECORD OF $38.7M IN AWARDS FOR THE YEAR ENDING JUNE 30, 2021.AS MENTIONED LAST YEAR, A LARGE GRANT FROM THE USDA NIFA FOR RESEARCH ON BIOMASS AND BIOMASS DERIVED PRODUCTS IN THE APPALACHIAN REGION LED TO AN INCREASE IN USDA FUNDING TO A RECORD OF $14.7M IN 2021. THIS REFLECTS EFFORTS IN LEADING A COLLABORATION FOCUSED ON RENEWABLE ENERGY SOURCES AND IS AN OUTGROWTH OF THE UNIVERSITY'S HISTORICAL STRENGTH IN ENERGY RESEARCH IN GENERAL AND REFLECTS THE SHIFT TO RENEWABLE RESOURCES FROM FOSSIL RESOURCES FOR U.S. ENERGY PRODUCTION.THE UNIVERSITY, IN COLLABORATION WITH THE RESEARCH CORPORATION AND THE WEST VIRGINIA UNIVERSITY INNOVATION CORPORATION CONTINUES TO EXPAND U.S. DEPARTMENT OF DEFENSE FUNDING AT WVU. DOD AWARDS INCREASED FROM $3.4M TO $3.8M IN THIS PAST FISCAL YEAR.WHILE THE UNIVERSITY CONTINUES TO FOCUS ON IMPROVING IT'S RELATIONSHIP WITH PRIVATE SECTOR PARTNERS, FOCUSING ON PARTNERSHIPS WITH INDUSTRIES IN HEALTH CARE, ENERGY, AND DEFENSE, WITH THE GOAL TO GROW INDUSTRIAL RESEARCH SUPPORT THROUGH IT'S OFFICE OF CORPORATE RELATIONS, IMPACTS FROM THE COVID-19 PANDEMIC LED TO A DECREASE IN FUNDING FOR RESEARCH IN THIS AREA FROM $43M IN FISCAL YEAR 2020 TO $39.7M IN FISCAL YEAR 2021. 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.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Adnet Systems Inc
It Solution/serv
$1,633,606
Fisher Scientific Co Llc
Lab Supplies
$1,561,166
Crothall Facilities Management Inc
Construction
$1,324,834
The Ultimate Software Group Inc
It Solution/serv
$782,104
Dell Marketing Lp
Computer Sales/serv
$956,376
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $105,711,530
All other contributions, gifts, grants, and similar amounts not included above$11,696,263
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$117,407,793
Total Program Service Revenue$19,901,584
Investment income $273,040
Tax Exempt Bond Proceeds $0
Royalties $27,878
Net Rental Income $0
Net Gain/Loss on Asset Sales $556,805
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $138,980,863

Grants Awarded

Over the last fiscal year, West Virginia University Research Corporation has awarded $21,763,817 in support to 134 organizations.

Grant RecipientAmount

WEST VIRGINIA UNIVERSITY

Org PageRecipient Profile

Morgantown, WV

PURPOSE: EXPENDITURES ON GRANTS AWARDED TO WVURC ON BEHALF OF WVU FOR ACQUISITION OF CAPITAL ASSETS OR 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.

$5,858,358

MARSHALL UNIV RESEARCH CORP

Org PageRecipient Profile

Huntington, WV

PURPOSE: PUBLIC SERVICE, RESEARCH, AND OTHER

$1,696,009

CAMC HEALTH EDUCATION & RESEARCH INSTITUTE INC

Org PageRecipient Profile

Charleston, WV

PURPOSE: PUBLIC SERVICE & RESEARCH

$815,074

PRESIDENT AND FELLOW OF HARVARD COLLEGE

Org PageRecipient Profile

Cambridge, MA

PURPOSE: RESEARCH

$565,550

UNIV OF KY RESEARCH FOUNDATION

Org PageRecipient Profile

Lexington, KY

PURPOSE: PUBLIC SERVICE AND RESEARCH

$496,924

UNIV OF NOTRE DAME

Org PageRecipient Profile

Notre Dame, IN

PURPOSE: RESEARCH

$474,109
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 23 grants that West Virginia University Research Corporation has recieved totaling $2,106,459.

Awarding OrganizationAmount
American Cancer Society Inc

Kennesaw, GA

PURPOSE: Extramural Research Grant

$792,000
Cystic Fibrosis Foundation

Bethesda, MD

PURPOSE: CF CARE CENTER

$241,395
Charles Stewart Mott Foundation

Flint, MI

PURPOSE: TO SUPPORT A STATEWIDE AFTERSCHOOL NETWORK TO ENSURE THE AVAILABILITY AND EXPANSION OF SCHOOL-LINKED QUALITY AFTERSCHOOL AND SUMMER LEARNING OPPORTUNITIES THAT MEET THE NEEDS OF UNDERSERVED YOUTH.

$225,000
Catalyst Institute Inc

Boston, MA

PURPOSE: The purpose of this grant is to assess West Virginia's newly implemented Medicaid dental benefit, its implementation, and its effects on oral health, chronic disease management, emergency department usage and workforce outcomes.

$176,902
Laura And John Arnold Foundation

Houston, TX

PURPOSE: TO SUPPORT THE EVALUATION OF THE ATLAS PILOT, AN ADDICTION TREATMENT QUALITY IMPROVEMENT SYSTEM.

$100,000
Cystic Fibrosis Foundation

Bethesda, MD

PURPOSE: CLINICAL RESEARCH CENTER

$85,148
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
University Of Dayton
Dayton, OH
$747,930,230
Villanova University
Villanova, PA
$872,271,471
Lehigh University
Bethlehem, PA
$713,288,867
Duquesne University Of The Holy Spirit
Pittsburgh, PA
$434,180,406
University Of Richmond
Richmond, VA
$713,801,637
Bucknell University
Lewisburg, PA
$331,765,475
Xavier University
Cincinnati, OH
$308,233,290
Loyola University Maryland Inc
Baltimore, MD
$288,447,259
University Of Scranton
Scranton, PA
$255,085,812
Widener University
Chester, PA
$243,095,055
John Carroll University
University Heights, OH
$177,797,670
Hampton University
Hampton, VA
$270,327,094

Create an account to unlock the data you need.

or