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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$56.0M
-2.4% YoY
Revenue
$2.7M
+81.6% YoY
Net Investment Income
$11K
-96.5% YoY
Expenses
$8.5M
+4.2% YoY
About West Virginia University Innovation Corporation
Based on IRS filings
West Virginia University Innovation Corporation is a nonprofit organization focused on Science & Technology, based in MORGANTOWN, WV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $56.0M in total assets. Net investment income was $11K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $55,994,734 | $57,398,686 | $58,733,877 |
| Revenue | $2,710,934 | $1,493,034 | $11,450,000 |
| Expenses | $8,512,578 | $8,167,782 | $4,408,606 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $10,867 | $311,660 | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Albert Wright Jr | WVUHS President/WVUIC Director/Chair | 0.25 | — |
| Nicholas Barcellona | WVUHS CFO/WVUIC Director/Treasurer | 0.25 | — |
| Jessica R Alsop | WVUHS Chief Legal Officer/Director starting 12.11.25 | 0.25 | — |
| Stacey K Armstrong | WVUIC President | 20 | $558,924 |
| David Kosslow | WVU Associate VP for Finance Treasury/WVUIC Assistant Treasurer | 12.5 | — |
| Erica Steratore | AVP, WVUIC | 40 | $190,234 |
| Randy Strimel | Director Facilities Engineering | 40 | $178,540 |
| Rossi Wiles | WVU Deputy General Counsel for Innovation Research/WVUIC Secretary | 12.5 | — |
| Nicholas Blank | Senior Project Manager | 40 | $124,371 |
| Chris Boland | Manager Accounting | 40 | $127,462 |
| Rob Snare | Director Operations | 40 | $132,190 |
| Thomas Heywood | Director | 0.25 | — |
| Marston Becker | Director | 0.25 | — |
| Michael Graney | Director | 0.25 | — |
| Thomas V Flaherty | Director | 0.25 | — |
| William D Wilmoth | Director | 0.25 | — |
| Clay B Marsh | Director, Secretary | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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