2026-02-12T15:27:37-06:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 6565 AMERICAS PARKWAY NE STE 600 ALBUQUERQUE NM 87110 990 2024-07-01 850413634 UNM RAINFOREST INNOVATIONS UNMR 5052727900 101 BROADWAY BLVD NE STE 1100 ALBUQUERQUE NM 87102 ELIZABETH J KUUTTILA PRESIDENT AND CEO 5052727900 2026-02-06 1 1 STEVEN TALBOT P01695427 5058787200 2026-02-06 2024 2025-03-06 01:10:19Z ELIZABETH J KUUTTILA 101 BROADWAY BLVD NE STE 1100 ALBUQUERQUE NM 87102 11566503 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. 28 16 26 16 153 0 1468632 4418081 6328110 3950266 413643 780195 0 0 8210385 9148542 199500 433500 0 0 2431127 2232389 0 0 0 6672239 7201788 9302866 9867677 -1092481 -719135 21940290 17853939 9860635 5468403 12079655 12385536 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 9072976 433500 3950266 UNM RAINFOREST INNOVATIONS IS THE TECHNOLOGY TRANSFER 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 INVENTIONS. 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 2025, UNM RAINFOREST INNOVATIONS RECEIVED 46 ISSUED PATENTS FROM THE U.S. PATENT AND TRADEMARK OFFICE AND FILED 63 NEW PATENT APPLICATIONS WITH THE U.S. PATENT AND TRADEMARK OFFICE. ADDITIONALLY, DURING FISCAL YEAR 2025, UNM RAINFOREST INNOVATIONS ENTERED INTO 44 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 2025, ONE GRANT FROM THE CITY OF SANTA FE ECONOMIC DEVELOPMENT TO CONTINUE THE EFFORTS OF THE UNMRI TRIBAL ENTREPRENEURIAL PROGAM. 9072976 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 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 186 0 1 26 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 28 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 ELIZABETH KUUTTILA CEO & CHIEF ECONOMIC DEV. OFFICER 40.00 X X 390104 0 51137 SANDRA BEGAY CHAIR 2.00 X X 1500 0 0 JAMES HOLLOWAY VICE CHAIR 2.00 40.00 X X 0 392000 148599 JOHN STICHMAN SECRETARY/TREASURER 1.00 X X 2000 0 0 DOUGLAS ZIEDONIS DIRECTOR (THRU 9/6/2024) 1.00 40.00 X 0 876183 73778 GARNETT STOKES DIRECTOR 1.00 40.00 X 0 625081 158267 TERESA COSTANTINIDIS DIRECTOR 1.00 40.00 X 0 346805 134689 ELLEN FISHER DIRECTOR 1.00 40.00 X 0 312329 68599 JOHN STORMONT DIRECTOR 1.00 40.00 X 0 213592 46811 DAVID L PERKINS DIRECTOR 1.00 40.00 X 0 355291 63171 ROBERT FISHER DIRECTOR 1.00 X 2000 0 0 DAVID FOSTER DIRECTOR 1.00 X 2000 0 0 RIIS GONZALES DIRECTOR 1.00 X 2000 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 CHARLES WELLBORN DIRECTOR 1.00 X 2000 0 0 DAVID GIBSON DIRECTOR 1.00 X 2000 0 0 MARIA GRIEGO-RABY DIRECTOR 1.00 1.00 X 2000 0 0 RICHARD LUARKIE DIRECTOR 1.00 X 2000 0 0 JOE CHRISTIAN DIRECTOR (THRU 7/3/24) 1.00 X 0 0 0 KIM SANCHEZ RAEL DIRECTOR (THRU 2/24/25) 1.00 X 0 0 0 DR DONNA RILEY DIRECTOR 1.00 40.00 X 0 341979 68873 DR ANGELA WANDINGER-NESS DIRECTOR (THRU 7/3/2024) 1.00 40.00 X 0 112981 24025 DR HENGAMEH RAISSY DIRECTOR 1.00 40.00 X 0 358560 107627 LINDA GRIEGO DIRECTOR 1.00 X 2000 0 0 MICHAEL BUEHLER DIRECTOR (START 8/2/24) 1.00 X 1000 0 0 DR BRYCE CHACKERIAN DIRECTOR (START 7/3/2024) 1.00 40.00 X 0 246628 62060 DR DONALD GODWIN DIRECTOR (START 7/3/2024) 1.00 40.00 X 0 316627 98712 DR MICHAEL RICHARDS DIRECTOR (START 10/11/24) 1.00 40.00 X 0 743451 128353 PATRICIA WILLIAMS DIRECTOR (START 6/10/25) 1.00 1.00 X 0 0 0 H BRIAN MIRABAL CFO 40.00 X 207870 0 29516 LARISSA CARDENAS ASSISTANT SECRETARY 40.00 X 79636 0 14857 ARLENE YOUNG DIRECTOR OF COMMERCIALIZATION 40.00 X 175810 0 31269 CARA MICHALISZYN DIRECTOR OF ECONOMIC DEVELOPMENT 40.00 X 182121 0 18115 GREGG BANNINGER SR. INNOV MANAGER - LIFE SCIENCES 40.00 X 132226 0 20462 1196267 5241507 1348920 5 0 1 0 MH2 TECHNOLOGY LAW GROUP 1951 KIDWELL DRIVE SUITE 310 TYSONS CORNER VA 22182 LEGAL SERVICES 267834 SCHWEGMAN LUNDBERG & WOESSNER 1600 TCF TOWER 121 SOUTH EIGHTH ST MINNEAPOLIS MN 55402 LEGAL SERVICES 203650 MUETING RAASCH GROUP 111 WASHINGTON AVENUE SOUTH SUITE MINNEAPOLIS MN 55401 LEGAL SERVICES 185515 COSUD INTELLECTUAL PROPERTY SOLUTIONS P 15 CHESTER AVENUE WHITE PLAINS NY 10601 LEGAL SERVICES 167049 KEITH A VOGT PO BOX 6247 RIVER FOREST IL 60305 LEGAL SERVICES 141896 7 20000 4258240 139841 4418081 REVENUE FROM TECHNOLOGY TRANSFER 611310 3919911 3919911 RENTAL INCOME 611310 30355 30355 3950266 478824 153 478671 2719332 2417961 301371 301371 301371 9148542 3950266 153 780042 25000 25000 408500 408500 850594 669113 181481 1019309 815448 203861 142648 114118 28530 114214 91370 22844 105624 84500 21124 1676392 1673884 2508 40284 40284 62777 62777 24216 24216 21659 17326 4333 25103 20083 5020 688238 688238 8020 6416 1604 190060 189946 114 4156 4156 166993 166993 49072 49072 ECONOMIC DEVELOPMENT EX 4168275 4168275 PATENT MARKETING EXPENS 76543 76543 9867677 9072976 794701 0 4319514 1434632 3899960 2785358 510834 714888 117 0 197241 181844 25986 15397 12685152 12561341 3448 3448 495279 338875 21940290 17853939 1923176 1552643 6799867 3026518 1137592 889242 9860635 5468403 X 12079655 12385536 12079655 12385536 21940290 17853939 -719135 1025016 0 X 0 1 X 1 0 X X 1 UNIVERSITY OF NEW MEXICO 856000642 6 1 688238 8384738 1 688238 8384738 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART I, LINE 12G, COL. (VI) THE $8,384,738 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 12685152 1816439 379747 1500000 60503 12561341 11430303 1647324 334653 57822 12685152 10278353 1408553 202595 54008 11430303 12646362 -2193734 115000 59275 10278353 3897683 7391377 1406870 49568 12646362 1.00000 0 0 4782 3553 1229 192459 178291 14168 15397 DUE TO UNM 541848 LEASE LIABILITY 347394 889242 10173558 1025016 1025016 9148542 0 9148542 9867677 0 9867677 0 9867677 1 RIGHT TO START 12022 BLUE VALLEY PARKWAY PMB 640 OVERLAND PARK KS 66213 900743773 501(C)(3) 25000 0 GENERAL PURPOSE 1 0 GAP FUND AWARDS 4 100000 HACKATHON AWARDS 22 18500 RAINFOREST ACCELERATOR AWARDS 9 18000 PITCH DECK COMPETITION 10 22000 COLLABORATION SEED GRANT 20 250000 PART I, LINE 2: UNMRI MONITORS THE PROGRESS OF THE GRANTEE WITH REPORTS AND/OR COMMUNICATION WITH THE GRANTEE. X 0 0 0 1 0 0 0 0 0 DOUGLAS ZIEDONIS DIRECTOR (THRU 9/6/2024) 0 876025 0 0 0 158 0 62618 0 11160 0 949961 0 0 DR MICHAEL RICHARDS DIRECTOR (START 10/11/24) 0 743293 0 0 0 158 0 112618 0 15735 0 871804 0 0 GARNETT STOKES DIRECTOR 0 625081 0 0 0 0 0 157979 0 288 0 783348 0 0 JAMES HOLLOWAY VICE CHAIR 0 392000 0 0 0 0 0 137979 0 10620 0 540599 0 0 TERESA COSTANTINIDIS DIRECTOR 0 346805 0 0 0 0 0 123979 0 10710 0 481494 0 0 DR HENGAMEH RAISSY DIRECTOR 0 358560 0 0 0 0 0 91785 0 15842 0 466187 0 0 ELIZABETH KUUTTILA CEO & CHIEF ECONOMIC DEV. OFFICER 275765 0 114339 0 0 0 44500 0 6637 0 441241 0 0 0 DAVID L PERKINS DIRECTOR 0 355291 0 0 0 0 0 57979 0 5192 0 418462 0 0 DR DONALD GODWIN DIRECTOR (START 7/3/2024) 0 316524 0 0 0 103 0 82979 0 15733 0 415339 0 0 DR DONNA RILEY DIRECTOR 0 341979 0 0 0 0 0 57979 0 10894 0 410852 0 0 ELLEN FISHER DIRECTOR 0 312329 0 0 0 0 0 57979 0 10620 0 380928 0 0 DR BRYCE CHACKERIAN DIRECTOR (START 7/3/2024) 0 246478 0 0 0 150 0 45217 0 16843 0 308688 0 0 JOHN STORMONT DIRECTOR 0 213489 0 0 0 103 0 39140 0 7671 0 260403 0 0 H BRIAN MIRABAL CFO 154070 0 53800 0 0 0 21180 0 8336 0 237386 0 0 0 ARLENE YOUNG DIRECTOR OF COMMERCIALIZATION 127070 0 48740 0 0 0 17617 0 13652 0 207079 0 0 0 CARA MICHALISZYN DIRECTOR OF ECONOMIC DEVELOPMENT 131775 0 50346 0 0 0 18115 0 0 0 200236 0 0 0 GREGG BANNINGER SR. INNOV MANAGER - LIFE SCIENCES 100675 0 31551 0 0 0 13824 0 6638 0 152688 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 SCIENCES, 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: BRYCE CHACKERIAN, TERESA COSTANTINDIS, ELLEN FISHER, DONALD GODWIN, JAMES HOLLOWAY, DAVID L. PERKINS, HENGAMEH RAISSY, DONNA RILEY, MICHAEL RICHARDS, KIM SANCHEZ RAEL, GARNETT STOKES, JOHN STORMONT, ANGELA WANDINGER-NESS, PATRICIA WILLIAMS, 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 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 E-MAIL. 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 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