University License Equity Holdings Inc

Nonprofit profile at a glance

EIN
841220697
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Aurora, CO, USA
Phone
3037249543
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
General Science

Reported finances

Revenue
$19,670,419
Expenses
$2,218,535
Assets
$27,035,107
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Highest reported compensation

  • STEVE VANNURDEN (TREASURER/SECRETARY (THRU 05/24)): $686,410 total reported compensation
  • CHAD MARTURANO (REGENT DIRECTOR): $475,651 total reported compensation
  • USHA SHARMA (TREASURER): $369,373 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization's mission is to assist faculty, student & staff entrepreneurs at the university of Colorado in building successful companies from research discoveries made at the university.

What it reported doing in 2024

University license equity holdings, inc. (ulehi) holds and manages various interests in entrepreneurial ventures relating to intellectual properties transferred to it by the university pursuant to a transfer agreement.

Operating model

Revenue model
Affiliate-supported. 98% of the money available for current operations came from contributions from related organizations.
Distribution model
Affiliate network. The nonprofit sent 100% of its reported program spending through affiliated organizations.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 39
  • Transparency & Controls: 65
  • Accountability: 70
  • Sustainability: 87
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 13.1%; rating input score 13
  • Program expense ratio: 93.8%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 11th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Limited
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 88.7%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 12.19; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 99; 99th percentile among comparable filings
  • Officer compensation ratio: 12.6%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 17.5% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 23.8% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 23.1% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 13.1% of revenue deployed · 93.8% of spending went to programs
  • Governance: 2 of 3 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $2.1M in reported program spending
  • Leadership: top reported pay $686K · 7 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 13/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Officer compensation ratio scored 13/100.