INDIANA UNIVERSITY RESEARCH AND TECHNOLOGY CORPORATION
642 N MADISON ST SUITE 113, BLOOMINGTON, IN 47404 www.iurtc.iu.edu

Total Revenue
$1,160,102
Total Expenses
$1,425,422
Net Assets
$17,838,887

Organizations Filed Purposes: THE INDIANA UNIVERSITY RESEARCH AND TECHNOLOGY CORPORATION (IURTC) SERVES INDIANA UNIVERSITY, THE STATE OF INDIANA, AND THE NATION THROUGH CREATION AND APPLICATION OF THE UNIVERSITY DEVELOPED TECHNOLOGIES AND SERVICES, AND THE EXPANDED LINKAGE OF THE PRIVATE SECTOR TO THE UNIVERSITY.

INVESTMENTS - THE IURTC MANAGES THE BUSINESS AND INVESTMENTS UNDER THE INDIANA PHILANTHROPIC VENTURE FUND (IPVF) AS WELL AS INNOVATE INDIANA FUND I, LLC (IIF) REGARDING PLANNING, OPERATIONS, AND INVESTMENTS. BOTH IPVF AND IIF ARE ESTABLISHED TO ACQUIRE, HOLD, DISPOSE, AND MANAGE INVESTMENTS IN LIFE SCIENCE AND TECHNOLOGY COMPANIES. AN INVESTMENT COMMITTEE IS UTILIZED TO ASSIST WITH INVESTMENT DECISIONS.

THE QUARRY - THE QUARRY PROGRAM IS ESTABLISHED TO FULLY REALIZE THE BENEFITS OF UNIVERSITY INNOVATIONS THROUGH START-UP COMPANY FORMATION AND SUPPORT.

ANGEL NETWORK - CREATED IN FISCAL YEAR 2019, THE IURTC ENGAGES WITH HIGH NET WORTH INDIVIDUALS THROUGH THIS MEMBERSHIP NETWORK AND FACILITATES CONNECTIONS FOR STARTUP COMPANIES WITH PROSPECTIVE INVESTORS. THE ANGEL NETWORK CONTINUES THE IURTC AND THE UNIVERSITY'S MISSION OF FOSTERING A PERVASIVE ENTREPRENEURIAL CULTURE THAT CONTRIBUTES TO THE PROSPERITY OF THE STATE OF INDIANA, THE NATION, AND THE WORLD.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Teri WilleyEXECUTIVE DIRECTOR40$262,277
Ken GreenVP OF ENTREPRENEURIAL VENT40$130,324
Jason WhitneyASSOCIATE VP40$129,824
Michael BurtonCFO40$116,208
Pat CallahanSECRETARY1$0
Fred CateVICE CHAIR1$0
Theodore WidlanskiMEMBER1$0
Bill StephanBOARD CHAIR1$0
Jay HessMEMBER1$0
Jane NiederbergerMEMBER1$0
Scott SmartMEMBER1$0
Harry GonsoMEMBER1$0
Gary AndersonMEMBER1$0
Dennis GrothMEMBER1$0
Edward SagebielMEMBER1$0
David RussomannoMEMBER1$0
Patricia MartinMEMBER1$0
Elizabeth HagermanMEMBER1$0
Charles SchalliolTREASURER1$0
Anthony ArmstrongPRESIDENT AND CEO40$0

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