2024-05-01T08:41:05-05:00 2023-06-30 910189318 MOSS ADAMS LLP 6565 AMERICAS PARKWAY NE STE 600 ALBUQUERQUE NM 87110 990 2022-07-01 850413634 UNM RAINFOREST INNOVATIONS UNMR 5052727900 101 BROADWAY BLVD NE STE 1100 1 ALBUQUERQUE NM 87102 ELIZABETH J KUUTTILA PRESIDENT AND CEO 5052727900 2024-04-27 1 ELIZABETH KUUTTILA 999009999 1 STEVEN TALBOT P01695427 5058787200 2024-04-27 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ELIZABETH J KUUTTILA 101 BROADWAY BLVD NE STE 1100 1100 ALBUQUERQUE NM 87102 8294475 0 X INNOVATIONS.UNM.EDU X 1993 NM SUPPORTING THE UNIVERSITY OF NEW MEXICO AS THE SOURCE OF INNOVATION MANAGEMENT, PATENT PROSECUTION AND LICENSING OF TECHNOLOGIES DEVELOPED AT THE UNIVERSITY OF NEW MEXICO. 26 16 34 16 8191 2338 341167 450773 7641970 3717698 588803 214621 0 0 8571940 4383092 219992 144955 0 0 1949342 2063396 0 0 0 6766971 3183606 8936305 5391957 -364365 -1008865 18724624 14736638 6812557 2808017 11912067 11928621 X TO SUPPORT THE UNIVERSITY OF NEW MEXICO AS THE SOURCE OF INNOVATION MANAGEMENT, PATENT PROSECUTION, AND LICENSING OF TECHNOLOGIES DEVELOPED AT THE UNIVERSITY. 0 0 4652210 144955 3717698 UNM RAINFOREST INNOVATIONS IS THE TECHNOLOGY TRANSFER AND ECONOMIC DEVELOPMENT ORGANIZATION SUPPORTING THE UNIVERSITY OF NEW MEXICO ("UNM"), AND THE CORPORATION WAS FORMED UNDER THE STATE OF NEW MEXICO UNIVERSITY RESEARCH PARK AND ECONOMIC DEVELOPMENT ACT. UNM RAINFOREST INNOVATIONS ENDEAVORS TO MAKE IT AS EASY AS POSSIBLE FOR UNM RESEARCHERS AND FACULTY INVENTORS TO DISCLOSE INNOVATIONS. UNM RAINFOREST INNOVATIONS PROTECTS TECHNOLOGIES (INTELLECTUAL PROPERTY) DEVELOPED AT UNM THROUGH PATENT AND COPYRIGHT CONSISTENT WITH THE PROVISIONS OF THE FEDERAL BAYH-DOLE ACT. DURING FISCAL YEAR 2023, UNM RAINFOREST INNOVATIONS RECEIVED 32 ISSUED PATENTS FROM THE U.S. PATENT AND TRADEMARK OFFICE AND FILED 54 NEW PATENT APPLICATIONS WITH THE U.S. PATENT AND TRADEMARK OFFICE. ADDITIONALLY, DURING THE FISCAL YEAR 2023, UNM RAINFOREST INNOVATIONS ENTERED INTO 38 LICENSE AND OPTION-TO-LICENSE AGREEMENTS. AS THE ECONOMIC DEVELOPMENT ORGANIZATION FOR THE UNIVERSITY OF NEW MEXICO, UNM RAINFOREST INNOVATIONS SEEKS TO FIND VARIOUS INITIATIVES TO CREATE ECONOMIC DEVELOPMENT THAT IS RELEVANT TO THE UNIVERSITY. UNM RAINFOREST INNOVATIONS HAS RECEIVED, IN FISCAL YEAR 2023, ONE U.S. ECONOMIC DEVELOPMENT ADMINISTRATION GRANT TO PROMOTE JOB CREATION, CREATE BROADER OPPORTUNITIES THROUGH ENTREPRENEURSHIP AND REDUCE BARRIERS TO ENTREPRENEURSHIP AND ASSIST INVENTORS TO COMMERCIALIZE THEIR INVENTIONS. 4652210 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 149 0 1 34 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 26 16 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X H BRIAN MIRABAL 5052727900 101 BROADWAY BLVD NE SUITE 1100 ALBUQUERQUE NM 87102 DOUGLAS ZIEDONIS DIRECTOR 1.00 40.00 X 0 784859 133675 ELIZABETH KUUTTILA CEO & CHIEF ECONOMIC DEV. OFFICER 40.00 X X 319750 0 35659 GARNETT STOKES DIRECTOR 1.00 40.00 X 0 502498 159354 JAMES HOLLOWAY VICE CHAIR 2.00 40.00 X X 0 362392 85364 TERESA COSTANTINIDIS DIRECTOR 1.00 40.00 X 0 314348 120264 MITZI MONTOYA DIRECTOR (THROUGH 1/11/23) 1.00 40.00 X 0 322844 57088 ERIC PROSSNITZ DIRECTOR 1.00 40.00 X 0 284312 61043 CHRISTOS CHRISTODOULOU DIRECTOR (THROUGH 3/31/23) 1.00 40.00 X 0 289968 62977 ELLEN FISHER DIRECTOR 1.00 40.00 X 0 275184 54437 JULIE COONROD DIRECTOR 1.00 40.00 X 0 206838 43583 JOHN STORMONT DIRECTOR 1.00 40.00 X 0 189775 36931 SANDRA BEGAY CHAIR 2.00 1.00 X X 0 0 0 TERRI COLE VICE CHAIRMAN 1.00 X X 1500 0 0 JOHN STICHMAN SECRETARY & TREASURER 1.00 X X 1500 0 0 JOE CHRISTIAN DIRECTOR 1.00 X 0 0 0 ROBERT FISHER DIRECTOR 1.00 X 2000 0 0 DAVID FOSTER DIRECTOR 1.00 X 2000 0 0 DAVID GIBSON DIRECTOR 1.00 X 1500 0 0 RIIS GONZALES DIRECTOR 1.00 X 2000 0 0 MARIA GRIEGO-RABY DIRECTOR 1.00 X 1500 0 0 KELLY HAMMETT DIRECTOR (THROUGH 8/30/22) 1.00 X 0 0 0 RICHARD LUARKIE DIRECTOR 1.00 X 1500 0 0 GREGG MAYER DIRECTOR 1.00 X 2000 0 0 ROBERT NATH DIRECTOR 1.00 X 2000 0 0 ALEX ROMERO DIRECTOR 1.00 X 2000 0 0 ALTON ROMIG JR DIRECTOR 1.00 X 2000 0 0 KIM SANCHEZ RAEL DIRECTOR 1.00 1.00 X 0 0 0 CHARLES WELLBORN DIRECTOR 1.00 X 2000 0 0 DAVID L PERKINS DIRECTOR 1.00 40.00 X 0 117346 21742 H BRIAN MIRABAL CFO 40.00 X 145186 0 21634 LARISSA CARDENAS ASSISTANT SECRETARY 40.00 X 58512 0 12710 CARA MICHALISZYN DIRECTOR OF ECONOMIC DEVELOPMENT 40.00 X 131833 0 13583 ARLENE YOUNG DIRECTOR OF COMMERCIALIZATION 40.00 X 127574 0 24187 GREGG BANNINGER INTELLECTUAL PROP. MGR.-LIFE SCIENCE 40.00 X 103482 0 16511 MATHIS SHINNICK DIRECTOR OF CORPORATE ENGAGEMENT 40.00 X 234336 0 5629 1144173 3650364 966371 6 0 1 0 MH2 TECHNOLOGY LAW GROUP 1951 KIDWELL DRIVE SUITE 310 TYSONS CORNER VA 22182 LEGAL SERVICES 275202 SCHWEGMAN LUNDBERG & WOESSNER 1600 TCF TOWER 121 CANNONADE CT SE MINNEAPOLIS MN 55402 LEGAL SERVICES 182561 KEITH A VOGT PO BOX 6247 RIVER FOREST IL 60305 LEGAL SERVICES 146533 COSUD INTELLECTUAL PROPERTY SOLUTIONS P 15 CHESTER AVENUE WHITE PLAINS NY 10601 LEGAL SERVICES 139090 LAW OFFICE OF RANDALL MCDONALD PO BOX 91207 ALBUQUERQUE NM 87199 LEGAL SERVICES 135824 6 30000 353663 67110 450773 REVENUE FROM TECHNOLOGY TRANSFER 611310 3686435 3686435 RENTAL INCOME 611310 31263 31263 3717698 342431 8191 334240 3783573 3911383 -127810 -127810 -127810 4383092 3717698 8191 206430 144955 144955 564650 444177 120473 1185346 948277 237069 120583 96466 24117 86786 69429 17357 106031 84825 21206 1487233 1485008 2225 35763 35763 55849 55849 6300 6300 29707 23765 5942 24820 19856 4964 838119 838119 23318 18654 4664 153287 151978 1309 6264 6264 170176 170176 26069 26069 ECONOMIC DEVELOPMENT EX 267552 267552 PATENT MARKETING EXPENS 59149 59149 5391957 4652210 739747 0 2383842 1639777 559541 391206 4643879 588268 12243 2012 225158 195217 35053 29941 10278353 11430303 3626 3448 808087 651683 18724624 14736638 5480981 1680357 1331576 1127660 6812557 2808017 X 11912067 11928621 11912067 11928621 18724624 14736638 -1008865 1025419 0 X 0 1 X 1 0 X X 1 UNIVERSITY OF NEW MEXICO 856000642 6 1 838119 3814091 1 838119 3814091 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART I, LINE 12G, COL. (VI) THE $3,814,091 REPRESENTS THE AMOUNT OF SERVICES PROVIDED BY UNM RAINFOREST INNOVATIONS TO THE UNIVERSITY OF NEW MEXICO, ITS SUPPORTED ORGANIZATION. PART IV, SECTION A, LINE 2: THE ORGANIZATION SUPPORTS A STATE UNIVERSITY, WHICH IS NOT REQUIRED TO OBTAIN RECOGNITION OF ITS PUBLIC CHARITY STATUS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10278353 1408553 202595 54008 11430303 12646362 -2193734 115000 59275 10278353 3897683 7391377 1406870 49568 12646362 761791 2926300 215464 5872 3897683 729741 38013 5963 761791 1.00000 0 0 4782 1959 2823 220376 193258 27118 29941 DUE TO UNM 483310 LEASE LIABILITY 644350 1127660 5708293 1025419 299782 1325201 4383092 0 4383092 5691739 299782 299782 5391957 0 5391957 PART XI, LINE 2D - OTHER ADJUSTMENTS: PATENT COSTS NETTED WITH REVENUE 299,782. PART XII, LINE 2D - OTHER ADJUSTMENTS: PATENT COSTS NETTED WITH REVENUE 299,782. 1 GAP FUND AWARDS 5 99955 PITCH COMPETITION AWARDS 5 20000 HACKATHON AWARDS 14 25000 PART I, LINE 2: UNMRI MONITORS THE PROGRESS OF THE GRANTEE ON THE COMMERICIALIZATION OF THEIR INVENTION AND PROVIDES VARIOUS SUPPORT. X 0 0 0 1 0 0 0 0 0 DOUGLAS ZIEDONIS DIRECTOR 0 784715 0 0 0 144 0 124258 0 9417 0 918534 0 0 GARNETT STOKES DIRECTOR 0 502498 0 0 0 0 0 159066 0 288 0 661852 0 0 JAMES HOLLOWAY VICE CHAIR 0 362392 0 0 0 0 0 76487 0 8877 0 447756 0 0 TERESA COSTANTINIDIS DIRECTOR 0 314348 0 0 0 0 0 111297 0 8967 0 434612 0 0 MITZI MONTOYA DIRECTOR (THROUGH 1/11/23) 0 322844 0 0 0 0 0 49217 0 7871 0 379932 0 0 ELIZABETH KUUTTILA CEO & CHIEF ECONOMIC DEV. OFFICER 267320 0 52430 0 0 0 32935 0 2724 0 355409 0 0 0 CHRISTOS CHRISTODOULOU DIRECTOR (THROUGH 3/31/23) 0 289968 0 0 0 0 0 44985 0 17992 0 352945 0 0 ERIC PROSSNITZ DIRECTOR 0 284168 0 0 0 144 0 45795 0 15248 0 345355 0 0 ELLEN FISHER DIRECTOR 0 275184 0 0 0 0 0 45560 0 8877 0 329621 0 0 JULIE COONROD DIRECTOR 0 206744 0 0 0 94 0 34188 0 9395 0 250421 0 0 MATHIS SHINNICK DIRECTOR OF CORPORATE ENGAGEMENT 208000 0 26336 0 0 0 0 0 5629 0 239965 0 0 0 JOHN STORMONT DIRECTOR 0 189686 0 0 0 89 0 30525 0 6406 0 226706 0 0 H BRIAN MIRABAL CFO 131250 0 13936 0 0 0 14983 0 6651 0 166820 0 0 0 ARLENE YOUNG DIRECTOR OF COMMERCIALIZATION 106800 0 20774 0 0 0 13108 0 11079 0 151761 0 0 0 PART I, LINE 3 THE FINANCE AND COMPENSATION COMMITTEE OF THE UNM RAINFOREST INNOVATIONS BOARD OF DIRECTORS REVIEWS THE COMPENSATION OF THE CEO ON AN ANNUAL BASIS AND APPROVES CHANGES TO THE CEO'S COMPENSATION, IF ANY. PART I, LINE 5 FOR ALL EMPLOYEES OF UNM RAINFOREST INNOVATIONS, INCLUDING THE PRESIDENT AND CEO, THE CORPORATION HAS ADOPTED AN INCENTIVE COMPENSATION PLAN THAT IS TRIGGERED IF THE CORPORATION'S REVENUES EXCEED A REVENUE GOAL BUDGETED AND APPROVED BY THE BOARD OF DIRECTORS EACH YEAR. THE CORPORATION'S FINANCE AND COMPENSATION COMMITTEE ESTABLISHES A PERCENTAGE OF REVENUES FROM LICENSING AND OTHER ACTIVITIES THAT CONSTITUTES AN INCENTIVE COMPENSATION POOL. THE FINANCE AND COMPENSATION COMMITTEE THEN DETERMINES A SHARE THEREOF FOR WHICH THE PRESIDENT AND CEO IS ELIGIBLE. THE ACTUAL AWARDS OF THE INCENTIVE COMPENSATION ARE BASED UPON THE EMPLOYEE'S (INCLUDING THE PRESIDENT AND CEO) PERFORMANCE IN RELATION TO HIS OR HER PERFORMANCE PLAN. THE INCENTIVE COMPENSATION PLAN IS ALSO LIMITED TO A MAXIMUM PAYOUT DETERMINED BY THE EMPLOYEE'S BASE SALARY AND YEARS OF SERVICE. FORM 990, PART VI, SECTION A, LINE 1A PURSUANT TO ARTICLE IV, SECTION B OF THE BYLAWS OF UNM RAINFOREST INNOVATIONS, THERE IS AN EXECUTIVE COMMITTEE COMPRISED OF THE CHAIR, VICE CHAIR, SECRETARY, TREASURER, UNM EXECUTIVE VICE PRESIDENT FOR ADMINISTRATION, UNM VICE PRESIDENT FOR RESEARCH, UNM EXECUTIVE VICE PRESIDENT FOR HEALTH SCIENCE, AND THE PRESIDENT AND CEO. DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE HAS AND MAY EXERCISE ALL OF THE RIGHTS AND POWERS OF THE BOARD, EXCEPT THOSE POWERS DENIED UNDER STATUTE (NMSA 1978, SECTION 53-8-21). FORM 990, PART VI, SECTION A, LINE 2 THE FILING ORGANIZATION IS A COMPONENT UNIT OF THE UNIVERSITY OF NEW MEXICO (UNM). THE FOLLOWING OFFICERS AND DIRECTORS HAVE A BUSINESS RELATIONSHIP WITH ONE ANOTHER BY VIRTUE OF THEIR POSITIONS AS DIRECTORS OR EMPLOYEES WITH RELATED ENTITIES WITH THE UNIVERSITY OF NEW MEXICO: SANDRA BEGAY, CHRISTOS CHRISTODOULOU, JULIE COONROD, TERESA COSTANTINDIS, ELLEN FISHER, JAMES HOLLOWAY, RICHARD LARSON, GABRIEL LOPEZ, MITZI MONTOYA, ERIC PROSSNITZ, KIM SANCHEZ RAEL, GARNETT STOKES, JOHN STORMONT, AND DOUGLAS ZIEDONIS. FORM 990, PART VI, SECTION A, LINE 6 THE ONLY MEMBER OF UNM RAINFOREST INNOVATIONS IS THE REGENTS OF THE UNIVERSITY OF NEW MEXICO. FORM 990, PART VI, SECTION A, LINE 7A THE UNIVERSITY OF NEW MEXICO REGENTS APPOINT THE MEMBERS OF THE BOARD WHEN A POSITION IS UP FOR RENEWAL BASED ON A RECOMMENDATION THAT UNM RAINFOREST INNOVATIONS SUBMITS TO THE REGENTS. FORM 990, PART VI, SECTION B, LINE 11B THE PREPARED FORM 990 AND ALL REQUIRED SCHEDULES ARE REVIEWED BY UNM RAINFOREST INNOVATIONS' PRESIDENT AND CEO AND ITS CORPORATE ATTORNEY. IT IS THEN PROVIDED TO THE MEMBERS OF THE FINANCE AND COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS AT THE QUARTERLY COMMITTEE MEETING. THE FINANCE AND COMPENSATION COMMITTEE REVIEWS AND APPROVES THE FORM 990 AND SCHEDULES IN ADVANCE BEFORE THE FULL BOARD OF DIRECTORS MEETING. AT ITS REGULAR QUARTERLY BOARD MEETING, ALL BOARD OF DIRECTORS PRESENT APPROVE THE FILING OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ON OR AROUND JULY, EACH MEMBER OF THE BOARD OF DIRECTORS MUST CONFIRM TO THE UNM RAINFOREST INNOVATIONS WHETHER THEY ARE IN COMPLIANCE WITH THE UNM RAINFOREST INNOVATIONS CONFLICT OF INTEREST POLICY. PER TERMS OF THE POLICY, BOARD MEMBERS MAY RESPOND TO THE REQUIRED ANNUAL INQUIRY VIA EMAIL. THE RESPONSES ARE REVIEWED BY THE UNM RAINFOREST INNOVATIONS OUTSIDE LEGAL COUNSEL AND THE UNM RAINFOREST INNOVATIONS EXECUTIVE COMMITTEE. ALL BOARD MEMBERS ASSERT IF THEY HAVE ANY CONFLICTS AT THE START OF THE FISCAL YEAR, IF A MEMBER IDENTIFIES ANY CONFLICTS THAT ARE RELATED TO UNM RAINFOREST INNOVATIONS, THE BOARD MEMBER ABSTAINS DURING DISCUSSIONS. FORM 990, PART VI, SECTION B, LINE 15 THE FINANCE AND COMPENSATION COMMITTEE OF THE UNM RAINFOREST INNOVATIONS BOARD OF DIRECTORS REVIEWS THE COMPENSATION OF THE PRESIDENT AND CEO, ALONG WITH ALL EMPLOYEES, ON AN ANNUAL BASIS AND MAY APPROVE CHANGES TO THE PRESIDENT AND CEO, IF ANY. THE COMMITTEE USES COMPARABILITY DATA AND DOCUMENTS DELIBERATIONS ON COMPENSATION DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 THE UNM RAINFOREST INNOVATIONS MADE AVAILABLE DURING THE TAX YEAR ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENT TO THE PUBLIC UPON REQUEST. UNIVERSITY OF NEW MEXICO 1 UNIVERSITY OF NEW MEXICO ALBUQUERQUE NM 87131 856000642 EDUCATION NM 115 UNIVERSITY OF NEW MEXICO BOARD OF REGENTS 0 LOBO ENERGY INCORPORATED 800 BRADBURY DRIVE SE STE 216 ALBUQUERQUE NM 87106 850459211 UTILITY MANAGEMENT NM 501(C)(3) LINE 12A, I UNIVERSITY OF NEW MEXICO BOARD OF REGENTS 0 UNIVERSITY OF NEW MEXICO MEDICAL GROUP 933 BRADBURY DRIVE SE ALBUQUERQUE NM 87106 208488778 HEALTHCARE NM 501(C)(3) LINE 10 UNIVERSITY OF NEW MEXICO BOARD OF REGENTS 0 UNM SANDOVAL REGIONAL MEDICAL CENTER INC 934 BRADBURY DRIVE SE ALBUQUERQUE NM 87106 271368727 HEALTHCARE NM 501(C)(3) LINE 10 UNIVERSITY OF NEW MEXICO BOARD OF REGENTS 0 LOBO DEVELOPMENT CORPORATION 801 UNIVERSITY BLVD ALBUQUERQUE NM 87106 421759020 REAL ESTATE NM 501 (C) (3) LINE 12A, I UNIVERSITY OF NEW MEXICO BOARD OF REGENTS 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 1