2024-10-24T14:23:05-05:00 2024-06-30 880189498 CUPIT MILLIGAN OGDEN & WILLIAMS 1695 MEADOW WOOD LANE STE 100 RENO NV 895026511 990 2023-07-01 813671227 NEVADA RESEARCH & INNOVATION CORPORATION NEVA 7757844421 450 SINCLAIR STREET RENO NV 89501 JAMES BEHNKE TREASURER 7757844421 2024-10-24 1 0 MELVIN L WILLIAMS CPA P00160504 7758275055 2023 2024-10-15 13:58:12Z JAMES BEHNKE 450 SINCLAIR STREET RENO NV 89501 157207 0 X NVRIC.ORG X 2016 NV TO PROMOTE RESEARCH, DISCOVERY, INNOVATION AND TECHNOLOGY TRANSFER AT THE UNIVERSITY OF NEVADA, RENO AND TO EXPEDITE MOVEMENT OF UNIVERSITY RESEARCH DISCOVERIES AND INTELLECTUAL PROPERTY TO THE PRIVATE SECTOR IN A MANNER THAT WILL ENCOURAGE DEVELOPMENT OF PRODUCTS AND SERVICES THAT BENEFIT THE PUBLIC CONSISTENT WITH THE UNIVERSITY'S PUBLIC MISSION. 12 12 0 10 0 0 2000 1000 93135 122205 0 0 186474 34002 281609 157207 0 0 0 0 0 0 0 0 0 340882 231143 340882 231143 -59273 -73936 1074356 855361 79413 349450 994943 505911 X TO PROMOTE RESEARCH, DISCOVERY, INNOVATION AND TECHNOLOGY TRANSFER AT THE UNIVERSITY OF NEVADA, RENO AND TO EXPEDITE MOVEMENT OF UNIVERSITY RESEARCH DISCOVERIES AND INTELLECTUAL PROPERTY TO THE PRIVATE SECTOR IN A MANNER THAT WILL ENCOURAGE DEVELOPMENT OF PRODUCTS AND SERVICES THAT BENEFIT THE PUBLIC CONSISTENT WITH THE UNIVERSITY'S PUBLIC MISSION. 0 0 166681 156207 TO PROMOTE RESEARCH, DISCOVERY, INNOVATION AND TECHNOLOGY TRANSFER AT THE UNIVERSITY OF NEVADA, RENO AND TO EXPEDITE MOVEMENT OF UNIVERSITY RESEARCH DISCOVERIES AND INTELLECTUAL PROPERTY TO THE PRIVATE SECTOR IN A MANNER THAT WILL ENCOURAGE DEVELOPMENT OF PRODUCTS AND SERVICES THAT BENEFIT THE PUBLIC CONSISTENT WITH THE UNIVERSITY'S PUBLIC MISSION. 166681 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X THE ORGANIZATION 7757844421 450 SINCLAIR STREET RENO NV 89501 X JAMES BEHNKE TREASURER 2.00 X X 0 0 0 SARA LAFRANCE BOARD CHAIR 1.00 X X 0 0 0 MICK HITCHCOCK DIRECTOR 1.00 X 0 0 0 BILL DALLY DIRECTOR 1.00 X 0 0 0 ROBERT GOLDBERG DIRECTOR 1.00 X 0 0 0 SCOTT MINICK DIRECTOR 1.00 X 0 0 0 DAVID AUCOIN DIRECTOR 1.00 X 0 0 0 MANTHI NGUYEN DIRECTOR 1.00 X 0 0 0 BILL PAYNE DIRECTOR 1.00 X 0 0 0 SESH COMMURI DIRECTOR 1.00 X 0 0 0 MRIDUL GAUTAM PHD PRESIDENT 2.00 X 0 0 0 GRACE CHOU PHD VP AND SECRETARY 7.50 X 0 0 0 0 0 0 0 0 0 0 0 1000 1000 CONSULTING 900099 112205 112205 10000 10000 122205 34002 34002 157207 156207 0 0 12596 12228 368 8000 8000 3759 3759 2270 2270 44602 44602 1250 1250 UNR SERVICES 128666 106092 22574 WRITE OFF OF INVESTMENT 30000 30000 231143 166681 64462 0 289747 294035 113399 72653 30741 741 640469 487932 1074356 855361 79413 349450 79413 349450 X 994943 505911 994943 505911 1074356 855361 X -73936 -560881 145785 X X 1 X 0 0 0 X X X 1 UNIVERSITY OF NEVADA RENO 886000024 2 1 128666 0 1 128666 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV SECTION C THE ORGANIZATION'S (NVRIC'S) DIRECTORS ARE NOT MADE UP OF A MAJORITY OF SUPPORTED ORGANIZATION (UNIVERSITY OF NEVADA, RENO "THE UNIVERSITY") DIRECTORS. CONTROL OF NVRIC IS MAINTAINED AS THERE ARE 2 DIRECTORS AND 2 OFFICERS THAT SERVE IN SENIOR LEADERSHIP ROLES IN THE SUPPORTED ORGANIZATION. OPERATIONAL AND DAILY ACTIVITIES ARE MANAGED AND SUPERVISED PRIMARILY BY THESE OFFICERS IN BOTH THE SUPPORTED AND SUPPORTING ORGANIZATION AROUND THE MISSION OF THE ORGANIZATION. THE SUPPORTING ORGANIZATION HAS SIGNIFICANT INVOLVEMENT IN THE OPERATIONS OF THE SUPPORTED ORGANIZATION, AND WORKS IN CONJUNCTION WITH THE DAILY ACTIVITIES OF INTELLECTUAL PROPERTY OF THE UNIVERSITY BY PROVIDING SERVICES AROUND LICENSING, PATENTS, AND LEGAL ACTIVITIES AS NEEDED BY THE UNIVERSITY. THESE OFFICERS LEAD AND OVERSEE THESE TYPES OF ACTIVITIES IN THE SUPPORTED ORGANIZATION AS WELL ON A DAILY BASIS. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER OF THE BOARD REVIEWS THE FORM 990 AND A COPY IS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES A SIGNED STATEMENT FROM EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS REGARDING CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FINANCIAL STATEMENTS AND FORM 990 ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: TRANSFER OF ASSETS FROM A RELATED PARTY 145,785. PART XII, LINE 2C THE BOARD OF DIRECTORS OVERSEES THE REVIEW OF THE FINANCIAL STATEMENTS. THE PROCESS WAS NOT CHANGED DURING THE YEAR. PART XI LINE 8 DURING THE FISCAL YEAR 2024, NET ASSETS WERE RESTATED TO CORRECT THE ACCOUNTING TREATMENT OF REIMBURSED LEGAL EXPENSES. PREVIOUSLY, THE REIMBURSEMENTS WERE RECOGNIZED AS REVENUE AND CAPITALIZED AS PATENTS. DURING THE YEAR ENDED JUNE 30, 2024, IT WAS DETERMINED THAT AS THE UNIVERSITY OF NEVADA, RENO (THE "UNIVERSITY") PAID FOR THE LEGAL EXPENSES, THE REIMBURSEMENTS SHOULD HAVE BEEN RECORDED AS DUE TO THE UNIVERSITY. THE EFFECT OF THE RESTATEMENT WAS TO REDUCE PATENTS AND ACCUMULATED AMORTIZATION BY $267,522 AND $13,802, RESPECTIVELY, TO INCREASE DUE TO THE UNIVERSITY BY $307,159 AND TO REDUCE NET ASSETS BY $560,881. THE INNEVENTURE FUND LLC 450 SINCLAIR STREET RENO NV 89501 822834394 DURING THE YEAR ENDED JUNE 30,2024 THE FUND WAS CLOSED. NV 0 0 NEVADA RESEARCH & INNOVATION CORPORATION INNEVATOR LLC 450 SINCLAIR STREET RENO NV 89501 NO CURRENT ACTIVITY. NV 0 213 NEVADA RESEARCH & INNOVATION CORPORATION