NonprofitsWest Virginia University Innovation Corporation

Science & Technology

West Virginia University Innovation Corporation

MORGANTOWN, WV

Total revenue

$2.7M

Total expenses

$8.5M

Net assets

$40.3M

Grants received

EIN

611764272

Tax year

2024

Mission

To offer a wide range of strategic partnerships, academia, employment and community opportunities to the state, while promoting innovation and critical thinking within our workforce.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$2.0M
Investment income$11K
Other revenue$747K
Total revenue$2.7M

Expenses

Grants paid
Salaries & benefits$3.4M
Fundraising
Other expenses$5.1M
Total expenses$8.5M
Total assets$56.0M
Net assets$40.3M

People

17 listed

NameRoleCompensation

Stacey K Armstrong

WVUIC President

Board

$559K

20 hrs/wk

Marston Becker

Director

Board

0.25 hrs/wk

Michael Graney

Director

Board

0.25 hrs/wk

Thomas V Flaherty

Director

Board

0.25 hrs/wk

William D Wilmoth

Director

Board

0.25 hrs/wk

Albert Wright Jr

WVUHS President/WVUIC Director/Chair

Board

0.25 hrs/wk

Clay B Marsh

Director, Secretary

Board

0.25 hrs/wk

Nicholas Barcellona

WVUHS CFO/WVUIC Director/Treasurer

Board

0.25 hrs/wk

Jessica R Alsop

WVUHS Chief Legal Officer/Director starting 12.11.25

Board

0.25 hrs/wk

David Kosslow

WVU Associate VP for Finance Treasury/WVUIC Assistant Treasurer

Board

12.5 hrs/wk

Rossi Wiles

WVU Deputy General Counsel for Innovation Research/WVUIC Secretary

Board

12.5 hrs/wk

Thomas Heywood

Director

Board

0.25 hrs/wk

Erica Steratore

AVP, WVUIC

Staff

$190K

40 hrs/wk

Randy Strimel

Director Facilities Engineering

Staff

$179K

40 hrs/wk

Rob Snare

Director Operations

Staff

$132K

40 hrs/wk

Chris Boland

Manager Accounting

Staff

$127K

40 hrs/wk

Nicholas Blank

Senior Project Manager

Staff

$124K

40 hrs/wk

Independent contractors

Integrity Elevator LLC

Elevator and Escalator Services

$182K

Details

EIN611764272
NTEE codeU99
Subsection03
Ruling date2016-10
Formed2015
Employees35
Volunteers6
WEST VIRGINIA UNIVERSITY INNOVATION CORPORATION — Mission, Financials & Grants Received | Grantivo