Unm Rainforest Innovations
- Assets
- $22.6m
- Revenue
- $58.0m
- Investments
- $1.8k
- Employees
- 29
- Location
- Albuquerque, NM
- Founding
- 06/1994
- Data as of
- 06/2021
- EIN
- 85-0413634
Organization Overview
Unm Rainforest Innovations is located in Albuquerque, NM. The organization was established in 1994. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Unm Rainforest Innovations employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Unm Rainforest Innovations 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, Unm Rainforest Innovations generated $58.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.7% each year . All expenses for the organization totaled $52.3m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
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
Describe the Organization's Program Activity:
Part 3 - Line 4a
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'S 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 PROTECTION AND OFFERING AND ENTERING IN LICENSES FOR THE INTELLECTUAL PROPERTY WITH THIRD PARTIES CONSISTENT WITH THE PROVISIONS OF THE FEDERAL BAYH-DOLE ACT. DURING FISCAL YEAR 2020, UNM RAINFOREST INNOVATIONS RECEIVED 53 ISSUED PATENTS FROM THE U.S. PATENT AND TRADEMARK OFFICE AND FILED 71 NEW U.S. PATENT APPLICATIONS WITH THE U.S. PATENT AND TRADEMARK OFFICE. ADDITIONALLY, DURING FISCAL YEAR 2020, UNMRAINFOREST INNOVATIONS ENTERED INTO 43 LICENSE AND OPTION-TO-LICENSE AGREEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth J Kuttilla President And CEO | Officer | 40 | $719,818 |
Cara Michaliszyn Director Of Economic Development | 40 | $297,791 | |
Arlene Young Director Of Commercialization | 40 | $273,567 | |
Preston Hendrix Controller | Officer | 40 | $210,324 |
Eri Hoshi International University Ventures Mgr | 40 | $209,644 | |
Gregg Banninger Innovation Manager | 40 | $164,138 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shore Chan Depumpo Llp Patent Legal Services | 6/29/21 | $17,548,656 |
Cabello Hall Zinda Pllc Patent Legal Services | 6/29/21 | $359,549 |
Mh2 Technology Law Group Patent Legal Services | 6/29/21 | $224,875 |
Keith A Vogt Patent Legal Services | 6/29/21 | $216,749 |
Meuting Raasch Group Patent Legal Services | 6/29/21 | $183,539 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $57,767,707 |
| Investment income | $164,578 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $70,133 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,002,418 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,445,224 |
| Compensation of current officers, directors, key employees. | $308,351 |
| Compensation to disqualified persons | $2,143,626 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $73,724 |
| Other employee benefits | $73,171 |
| Payroll taxes | $157,779 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,845,899 |
| Fees for services: Accounting | $29,126 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,568 |
| Fees for services: Other | $0 |
| Advertising and promotion | $94,656 |
| Office expenses | $94,885 |
| Information technology | $34,864 |
| Royalties | $12,002,640 |
| Occupancy | $204,528 |
| Travel | $95 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,250 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,596 |
| Insurance | $32,121 |
| All other expenses | $0 |
| Total functional expenses | $52,298,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,840,647 |
| Savings and temporary cash investments | $307,569 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $754,737 |
| 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 | $35,656 |
| Investments—publicly traded securities | $12,646,362 |
| Investments—other securities | $1,750 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,586,721 |
| Accounts payable and accrued expenses | $3,394,395 |
| 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 | $4,425,383 |
| Total liabilities | $7,819,778 |
| Net assets without donor restrictions | $14,766,943 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $22,586,721 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Unm Rainforest Innovations has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Pharmaceutical Research And Manufacturers Of America Washington, DC PURPOSE: GENERAL CONTRIBUTION | $20,000 |
Endowment Analysis
| Beg. Balance | $3,897,683 |
| Earnings | $1,406,870 |
| Admin Expense | $49,568 |
| Net Contributions | $7,391,377 |
| Ending Balance | $12,646,362 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oklahoma State University Foundation Stillwater, OK | $1,286,594,622 | $191,009,042 |
Texas Tech Foundation Inc Lubbock, TX | $840,921,024 | $55,341,496 |
Colorado State University Foundation Fort Collins, CO | $706,044,439 | $163,322,590 |
Texas A & M Research Foundation College Station, TX | $17,651,760 | $64,742,890 |
Vanguard Academy Pharr, TX | $58,411,993 | $65,696,988 |
Southwestern Medical Foundation Dallas, TX | $1,318,497,986 | $133,001,887 |
Unm Rainforest Innovations Albuquerque, NM | $22,586,721 | $58,002,418 |
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
Colorado School Of Mines Foundation Golden, CO | $425,843,908 | $49,131,943 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
American Indian College Fund Denver, CO | $151,570,496 | $57,441,920 |
Lincoln Institute Of Land Policy Phoenix, AZ | $774,885,329 | $64,138,879 |