West Virginia University Innovation Corporation
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. Our vision is to catalyze economic growth and improve health outcomes through the advancement of science, medicine and technology in West Virginia and beyond.
West Virginia University Innovation Corporation at a glance
- Total assets
- $55,994,734
- -2.4% vs 2023
- Revenue (2024)
- $2,710,934
- +81.6% vs 2023
- Net investment income (2024)
- $10,867
- -96.5% vs 2023
- Expenses (2024)
- $8,512,578
- +4.2% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who West Virginia University Innovation Corporation funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was in the $250–500K range: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2022, annual grant giving ranged from $279K (2021) to $361K (2022, 18 months). In 2022 it made 1 grant totaling $361K.
*2022: Covers 18 months (fiscal year-end changed).
Grants by year
Grant recipients and amounts by year
*2022: Covers 18 months (fiscal year-end changed).
| Recipient | Purpose | Amount |
|---|---|---|
| West Virginia University Research Corporation Morgantown, WV | Research | $360,962 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $55,994,734 | $2,710,934 | $8,512,578 | — | — | $10,867 |
| 2023 | $57,398,686 | $1,493,034 | $8,167,782 | — | — | $311,660 |
| 2022* | $58,745,858 | $13,820,971 | $9,334,804 | $360,962 | 1 | — |
| 2021 | $2,905,835 | $5,942,099 | $4,495,121 | $279,076 | 1 | $176 |
| 2020 | $3,495,085 | $4,046,281 | $5,375,855 | — | — | $194 |
| 2019 | $4,654,420 | $4,275,131 | $5,597,999 | — | — | $132 |
*2022: Covers 18 months (fiscal year-end changed).
About West Virginia University Innovation Corporation
Based on IRS filings
West Virginia University Innovation Corporation is a public charity focused on Science & Technology, based in Morgantown, WV. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $56.0M in total assets. Net investment income was $11K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
West Virginia University Innovation Corporation is led by Stacey K Armstrong, Wvuic President on every filing since 2022; 6 of 17 officers listed in 2024 are compensated.
Officers on the 2024 filing
Stacey K Armstrong
Wvuic President
On filings since 2022
20 hrs/week
$538K (2023) → $559K (2024)
Albert Wright Jr.
Wvuhs President, Wvuic Director & Chair
Wvuhs President & Wvuic Director → Wvuhs President, Wvuic Director & Chair, 2024
On filings since 2022
0.3 hrs/week
No compensation reported
Randy Strimel
Director Facilities Engineering
On filings since 2023
40 hrs/week
$167K (2023) → $179K (2024)
Rob Snare
Director Operations
Director Security → Director Operations, 2024
On filings since 2023
40 hrs/week
$119K (2023) → $132K (2024)
Thomas V Flaherty
Director
On filings since 2019
0.3 hrs/week
No compensation reported
Marston Becker
Director
On filings since 2022
0.3 hrs/week
No compensation reported
Michael Graney
Director
On filings since 2022
0.3 hrs/week
No compensation reported
Thomas Heywood
Director
On filings since 2022
0.3 hrs/week
No compensation reported
William D Wilmoth
Director
On filings since 2022
0.3 hrs/week
No compensation reported
Nicholas Barcellona
Wvuhs CFO, Wvuic Director & Treasurer
Wvuhs CFO & Wvuic Director Starting August → Wvuhs CFO, Wvuic Director & Treasurer, 2024
On filings since 2023
0.3 hrs/week
No compensation reported
Clay B Marsh
Director & Secretary
New on the 2024 filing
0.3 hrs/week
No compensation reported
Jessica R Alsop
Wvuhs Chief Legal Officer & Director Starting
New on the 2024 filing
0.3 hrs/week
No compensation reported
Erica Steratore
Assistant Vice President & Wvuic
Wvuic Associate Vice President → Assistant Vice President & Wvuic, 2024
On filings since 2023
40 hrs/week
$179K (2023) → $190K (2024)
Chris Boland
Manager Accounting
New on the 2024 filing
40 hrs/week
$127K (2024)
Nicholas Blank
Senior Project Manager
New on the 2024 filing
40 hrs/week
$124K (2024)
Rossi Wiles
Wvu Deputy General Counsel for Innovation Research & Wvuic Secretary
Secretary → Wvu Deputy General Counsel for Innovation Research & Wvuic Secretary, 2022
On filings since 2019
12.5 hrs/week
No compensation reported
David Kosslow
Wvu Associate Vice President for Finance Treasury & Wvuic Assistant Treasurer
Wvu Associate Vice President for Finance Treasury & Wvuic Treasurer → Wvu Associate Vice President for Finance Treasury & Wvuic Assistant Treasurer, 2023
On filings since 2022
12.5 hrs/week
No compensation reported
Former officers (18)
- Former: Douglas Coffman (2022–2023) — Wvuhs CFO & Wvuic Director
- Former: J Robert Alsop (2022–2023) — Wvu Vice President for Strategic Initiatives & Wvuic Director
- Former: Felicia Imbrogno (2023) — Wvuhs Assistant Vice President Senior Corporate Counsel & Wvuic Assistant Secretary
- Former: Joe Farber (2023) — Team Leader Facilities
- Former: Stephen Johnson (2023) — Manager Facilities Engineering
- Former: Anjali Halabe (2019–2022) — Wvu Senior Associate Vice President for Finance & Wvuic Treasurer
- Former: E Gordon Gee (2019–2022) — Wvu President & Wvuic Director
- Former: Fred King Jr. (2019–2022) — Wvu Vice President for Research & Wvuic Board Director
- Former: Justin Dunnicliff (2019–2022) — Wvuic Program Manager, Wvurc General & Operations Manager
- Former: Paula Congelio (2019–2022) — Wvu Vice President CFO & Wvuic Director
- Former: Stephanie Taylor (2020–2022) — Wvu Vice President General Counsel & Wvuic Director
- Former: Edward Hall (2019–2021) — Director of Service Program
- Former: James Robert Alsop (2019–2021) — Executive Director
- Former: Morgan Plummer (2019–2021) — Director of Federal Program
- Former: Ross Ryskamp (2019–2021) — Associate Director Cafee
- Former: Saroj Pradhan (2020) — Technical Specialist
- Former: Matthew Harbaugh (2019) — Former Executive Director
- Former: Scott Aughenbaugh (2019) — Govmt Cont Program Manager
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $559K, to Stacey K Armstrong (WVUIC President). 6 officers or directors reported compensation on that filing.
Frequently asked questions about West Virginia University Innovation Corporation
How large is West Virginia University Innovation Corporation?
West Virginia University Innovation Corporation reported $56.0M in total assets on its 2024 IRS Form 990. Its revenue that year was $2.7M.
What is West Virginia University Innovation Corporation?
West Virginia University Innovation Corporation is a public charity focused on Science & Technology, based in Morgantown, WV. It holds $56.0M in total assets as of 2024.
Where does West Virginia University Innovation Corporation operate?
West Virginia University Innovation Corporation has awarded grants in West Virginia.
What is West Virginia University Innovation Corporation's EIN?
West Virginia University Innovation Corporation's EIN (Employer Identification Number) is 61-1764272. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS May 13, 2020)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in West Virginia University Innovation Corporation's focus areas in our free grants database
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