ARIZONA STATE UNIVERSITY RESEARCH PARK INC: Form 990, tax year 2023
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- Organization
- ARIZONA STATE UNIVERSITY RESEARCH PARK INC (EIN 86-0488828)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2024-12-23
- IRS object ID
- 202423589349301002
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-12-23T10:26:27-06:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 20 EAST THOMAS ROAD SUITE 2300 | AddressLine1Txt |
| City | PHOENIX | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85012 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 860488828 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ARIZONA STATE UNIVERSITY RESEARCH PARK | BusinessNameLine1Txt |
| Business Name Line2 | INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ARIZ | BusinessNameControlTxt |
| Phone | 4809050770 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6720 N SCOTTSDALE ROAD 250 | AddressLine1Txt |
| City | SCOTTSDALE | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85253 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANJALI HALABE | PersonNm |
| Person Title | SECRETARY/TREASURER | PersonTitleTxt |
| Phone | 4809050770 | PhoneNum |
| Signature | 2024-12-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ERIN SPARKS | PreparerPersonNm |
| PTIN | P01432691 | PTIN |
| Phone | 6022662248 | PhoneNum |
| Preparation | 2024-12-11 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DR MORGAN OLSEN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 E UNIVERSITY DR | AddressLine1Txt |
| City | TEMPE | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85284 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $14,466,903 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | ASURESEARCHPARK.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1984 | FormationYr |
| Legal Domicile State | AZ | LegalDomicileStateCd |
| Activity Or Mission | TO ACQUIRE INTERESTS IN REAL PROPERTY AND SUPPORT RESEARCH ACTIVITIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 5 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 5 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $14,199,559 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $14,303,453 | CYProgramServiceRevenueAmt |
| PY Investment Income | $48,249 | PYInvestmentIncomeAmt |
| CY Investment Income | $163,450 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $14,247,808 | PYTotalRevenueAmt |
| CY Total Revenue | $14,466,903 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $150,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $150,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $7,255,377 | PYOtherExpensesAmt |
| CY Other Expenses | $8,064,454 | CYOtherExpensesAmt |
| PY Total Expenses | $7,405,377 | PYTotalExpensesAmt |
| CY Total Expenses | $8,214,454 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $6,842,431 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $6,252,449 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $74,364,914 | TotalAssetsBOYAmt |
| Total Assets EOY | $79,315,571 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $17,481,973 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $16,180,181 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $56,882,941 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $63,135,390 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO ACQUIRE INTERESTS IN REAL PROPERTY, DEVELOP SUCH PROPERTY AS A RESEARCH PARK, AND PROMOTE AND SUPPORT RESEARCH ACTIVITIES IN COORDINATION WITH ARIZONA STATE UNIVERSITY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $8,000,986 | ExpenseAmt |
| Grant | $150,000 | GrantAmt |
| Revenue | $14,303,453 | RevenueAmt |
| Desc | THE RESEARCH PARK HAS 28 GROUND LEASES IN EFFECT, WITH A TOTAL OF 26 COMPLETED BUILDINGS. THE PARK HOUSES TENANTS ORIENTED TO EDUCATION, RESEARCH, AND MISCELLANEOUS OTHER BUSINESS ENDEAVORS.THE PARK IS 96% LEASED, WITH 5 ACRES REMAINING AVAILABLE FOR LEASE. REVENUES FROM THE RESEARCH PARK ARE USED BY ASU TO SUPPORT THAT INSTITUITION'S VARIOUS ACTIVITIES, INCLUDING RESEARCH. | Desc |
| Total Program Service Expenses | $8,000,986 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 9 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 5 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SUSAN FISHER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4809050770 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6720 N SCOTTSDALE ROAD 250 | AddressLine1Txt |
| City | SCOTTSDALE | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85253 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|
| DR MORGAN OLSEN | |||||||
| PRESIDENT | 1.00 | 40.00 | Yes (X) | Yes (X) | $0 | $1,045,194 | $56,702 |
| ROC ARNETT | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| DENNY BARNEY | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| DRENA KUSARI | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN LEWIS | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| LISA LOO | |||||||
| DIRECTOR | 1.00 | 40.00 | Yes (X) | $0 | $595,863 | $39,713 | |
| ANN MCCARTNEY | |||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |
| DR KYLE SQUIRES | |||||||
| DIRECTOR | 1.00 | 40.00 | Yes (X) | $0 | $496,576 | $28,297 | |
| ANJALI HALABE | |||||||
| SECRETARY/TREASURER | 1.00 | 40.00 | Yes (X) | $0 | $404,510 | $24,735 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $2,542,143 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $149,447 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| BRIGHTVIEW LANDSCAPE SERVICES INC | |||||
| 2902 E ILLINI STREET | PHOENIX | AZ | 85040 | LANDSCAPING | $598,917 |
| AGS LLC | |||||
| 6720 N SCOTTSDALE ROAD 250 | SCOTTSDALE | AZ | 85253 | PERSONNEL, MANAGEMENT AND ACCOUNTING | $340,753 |
| LAKE MAINTENANCE SERVICE | |||||
| 700 N NEELY STREET 15 | GILBERT | AZ | 85233 | LAKE MAINTENANCE | $156,812 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| NONRESIDENTIAL RENT | 531120 | $14,215,807 | $14,215,807 |
| INFRASTRUCTURE REVENUE | 531390 | $63,216 | $63,216 |
| OTHER PROGRAM REVENUE | 531390 | $24,430 | $24,430 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $14,303,453 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $163,450 | TotalRevenueColumnAmt |
| Exclusion | $163,450 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,466,903 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,303,453 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $163,450 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,000 | TotalAmt |
| Program Services | $150,000 | ProgramServicesAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $292,753 | TotalAmt |
| Program Services | $292,753 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,094 | TotalAmt |
| Program Services | $29,094 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,595 | TotalAmt |
| Management And General | $78,595 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,466 | TotalAmt |
| Management And General | $21,466 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,647 | TotalAmt |
| Management And General | $9,647 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,378 | TotalAmt |
| Management And General | $2,378 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,255,435 | TotalAmt |
| Program Services | $6,252,707 | ProgramServicesAmt |
| Management And General | $2,728 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,661 | TotalAmt |
| Management And General | $14,661 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $406,785 | TotalAmt |
| Program Services | $406,785 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,407 | TotalAmt |
| Management And General | $29,407 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| GROUNDS MAINTENANCE | $883,041 | $869,544 | $13,497 |
| OPERATIONS | $26,026 | $26,026 | |
| SECURITY | $15,063 | $15,063 | |
| DONATION EXPENSE | $103 | $103 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,214,454 | TotalAmt |
| Program Services | $8,000,986 | ProgramServicesAmt |
| Management And General | $213,468 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,009,823 | BOYAmt |
| EOY | $3,827,204 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,980,713 | BOYAmt |
| EOY | $2,215,494 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $79,730 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78 | BOYAmt |
| EOY | $77 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $16,453,625 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $12,253,132 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,405,958 | BOYAmt |
| EOY | $4,200,493 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,968,342 | BOYAmt |
| EOY | $68,992,573 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,364,914 | BOYAmt |
| EOY | $79,315,571 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $130,428 | BOYAmt |
| EOY | $100,703 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,868,116 | BOYAmt |
| EOY | $12,396,140 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,483,429 | BOYAmt |
| EOY | $3,683,338 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,481,973 | BOYAmt |
| EOY | $16,180,181 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,882,941 | BOYAmt |
| EOY | $63,135,390 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,882,941 | BOYAmt |
| EOY | $63,135,390 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,364,914 | BOYAmt |
| EOY | $79,315,571 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $6,252,449 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 0 | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type3 Func Int | Yes (X) | SupportingOrgType3FuncIntInd |
| Supported Organizations | 1 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp
Supported Organization Name SupportedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ARIZONA STATE UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 860196696 | EIN |
| Organization Type | 6 | OrganizationTypeCd |
| Governing Document Listed | Yes (1) | GoverningDocumentListedInd |
| Support | $6,183,338 | SupportAmt |
| Other Support | $0 | OtherSupportAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 1 | SupportedOrganizationsTotalCnt |
| Support Sum | $6,183,338 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | Yes (1) | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | 0 | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type3 Sprt Org All Form990SchAType3SprtOrgAllGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timely Provided Documents | Yes (1) | TimelyProvidedDocumentsInd |
| Officers Close Relationship | Yes (1) | OfficersCloseRelationshipInd |
| Supported Org Voice Investment | Yes (1) | SupportedOrgVoiceInvestmentInd |
Form990 Sch A Type3 Func Int Form990SchAType3FuncIntGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Governmental Entity | Yes (X) | GovernmentalEntityInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCH A, PG 4, PART IV, SECTION A, LINE 2: | THE SUPPORTED ORGANIZATION, ARIZONA STATE UNIVERSITY (ASU), IS A STATE UNIVERSITY THAT IS A GOVERNMENTAL UNIT OF THE STATE OF ARIZONA. AS SUCH, IT IS DESCRIBED IN IRC SEC. 170(B)(1)(A)(V) AND IS THEREBY INCLUDED AS AN ORGANIZATION DESCRIBED IN IRC SEC. 509(A)(1). SINCE ASU IS A STATE UNIVERSITY, IT IS NOT REQUIRED TO OBTAIN RECOGNITION OF ITS PUBLIC CHARITY STATUS. |
| SCH A, PG 5, PART IV, SECTION D, LINE 3: | THE BY-LAWS OF THE ORGANIZATION PRESCRIBE THAT A MINORITY OF THE BOARD OF DIRECTORS SHALL BE UNIVERSITY MEMBERS APPOINTED BY THE PRESIDENT OF ARIZONA STATE UNIVERSITY (ASU), THE SUPPORTED ORGANIZATION. ONE OF THE UNIVERSITY MEMBERS SERVES AS THE PRESIDENT OF THIS SUPPORTING ORGANIZATION. IN ADDITION, THE VICE PRESIDENT FOR FINANCE AND DEPUTY TREASURER OF ASU SERVES AS SECRETARY/TREASURER OF THIS SUPPORTING ORGANIZATION AND, IN THIS CAPACITY, REVIEWS THE AUDITED FINANCIAL STATEMENTS, THE FORM 990, AND PROVIDES GUIDANCE AND OVERSIGHT OF THE FINANCIAL ACTIVITIES OF THIS SUPPORTING ORGANIZATION AS MORE FULLY EXPLAINED IN SCHEDULE O. THIS OVERSIGHT PROVIDES ASU, THE SUPPORTED ORGANIZATION, WITH THE FINANCIAL INFORMATION OF THE SUPPORTING ORGANIZATION AS WELL AS THE AMOUNT OF SUPPORT PROVIDED EACH YEAR. DUE TO THIS CLOSE AND CONTINUOUS WORKING RELATIONSHIP, THE SUPPORTED ORGANIZATION (ASU) HAS A SIGNIFICANT VOICE IN THE SUPPORTING ORGANIZATION'S INVESTMENT POLICIES, TIMING OF GRANTS, MANNER OF MAKING GRANTS, SELECTION OF GRANT RECIPIENTS, AND OTHER USE OF INCOME OR ASSETS. IN ADDITION, THE RELATIONSHIP IS SIGNIFICANT ENOUGH THAT THIS SUPPORTING ORGANIZATION IS CONSIDERED A COMPONENT UNIT OF ASU UNDER GENERALLY ACCEPTED AUDITING STANDARDS IN THE U.S. AS WELL AS UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE U.S. |
| SCH A, PG 5, PART IV, SECTION E, LINE 1C: | THIS SUPPORTING ORGANIZATION ONLY SUPPORTS ONE ORGANIZATION, ARIZONA STATE UNIVERSITY (ASU), WHICH IS A GOVERNMENTAL UNIT OF THE STATE OF ARIZONA. AS MORE FULLY EXPLAINED UNDER SECTION D, LINE 3, THIS SUPPORTING ORGANIZATION IS RESPONSIVE TO ASU, THE SUPPORTED ORGANIZATION. AS NOTED IN THE MISSION AND ACTIVITIES OF THIS ORGANIZATION ON PAGES 1 AND 2 OF THE FORM 990, THE ORGANIZATION HAS ACQUIRED AND DEVELOPED PROPERTY AS A RESEARCH PARK THAT IT IS USING TO PROMOTE AND SUPPORT RESEARCH ACTIVITIES IN COORDINATION WITH ARIZONA STATE UNIVERSITY (ASU). THIS ACTIVITY, BUT FOR THE INVOLVEMENT OF THIS SUPPORTING ORGANIZATION, WOULD NORMALLY BE ENGAGED IN BY ASU ITSELF AND, THEREFORE, THIS SUPPORTING ORGANIZATION MEETS THE REQUIREMENT FOR QUALIFYING TO BE TREATED AS FUNCTIONALLY INTEGRATED BY SUPPORTING A GOVERNMENTAL ENTITY AS DESCRIBED IN SECTION 3.01 OF IRS NOTICE 2014-4. |
Schedule D IRS990ScheduleD
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $273,722 | OtherCostOrOtherBasisAmt |
| Depreciation | $271,356 | DepreciationAmt |
| Book Value | $2,366 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $16,026,627 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,828,500 | DepreciationAmt |
| Book Value | $4,198,127 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $40,276 | OtherCostOrOtherBasisAmt |
| Depreciation | $40,276 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $113,000 | OtherCostOrOtherBasisAmt |
| Depreciation | $113,000 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $4,200,493 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DEFERRED RENT RECEIVABLE | $66,670,428 |
| LEASE ACQUISITION COST, NET | $2,322,145 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $68,992,573 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO ARIZONA STATE UNIVERSITY | Desc |
| Amt | $3,683,338 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,683,338 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $14,466,903 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $14,466,903 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $14,466,903 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $8,214,454 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $8,214,454 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $8,214,454 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION QUALIFIES AS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. INCOME DETERMINED TO BE UNRELATED BUSINESS TAXABLE INCOME (UBTI) WOULD BE TAXABLE. THERE WAS NO UNRELATED BUSINESS TAXABLE INCOME FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. MANAGEMENT BELIEVES THAT NO UNCERTAIN TAX POSITIONS EXIST FOR THE ORGANIZATION AS OF JUNE 30, 2024 AND 2023. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ASU ENTERPRISE PARTNERS DBA SKYSONG INNOVATIONS | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1475 N SCOTTSDALE ROAD 200 | AddressLine1Txt |
| City | SCOTTSDALE | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 852573538 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 475599177 | RecipientEIN |
| Cash Grant | $150,000 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | RESEARCH SUPPORT | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 0 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | GRANT FUNDS ARE MONITORED BY ASU RESEARCH PARK AND ARIZONA STATE UNIVERSITY TO ENSURE GRANT DOLLARS ARE BEING USED FOR THE PURPOSE INTENDED. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DR MORGAN OLSEN | ||||||||||||||
| PRESIDENT | $0 | $561,251 | $0 | $0 | $0 | $483,943 | $0 | $42,900 | $0 | $13,802 | $0 | $1,101,896 | $0 | $0 |
| LISA LOO | ||||||||||||||
| DIRECTOR | $0 | $475,613 | $0 | $0 | $0 | $120,250 | $0 | $33,000 | $0 | $6,713 | $0 | $635,576 | $0 | $0 |
| DR KYLE SQUIRES | ||||||||||||||
| DIRECTOR | $0 | $496,576 | $0 | $0 | $0 | $0 | $0 | $23,100 | $0 | $5,197 | $0 | $524,873 | $0 | $0 |
| ANJALI HALABE | ||||||||||||||
| SECRETARY/TREASURER | $0 | $346,057 | $0 | $15,000 | $0 | $43,453 | $0 | $23,100 | $0 | $1,635 | $0 | $429,245 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | THE OFFICERS AND DIRECTORS LISTED ON THIS SCHEDULE J ARE COMPENSATED BY ARIZONA STATE UNIVERSITY. THEIR COMPENSATION IS DETERMINED BY THE UNIVERSITY IN ADHERANCE WITH POLICIES OF THE UNIVERSITY AND APPLICABLE UNIVERSITY GOVERNANCE. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | THE ORGANIZATION CONTRACTS WITH A MANAGEMENT COMPANY, AGS LLC, TO PROVIDE MANAGEMENT SERVICES FOR THE RESEARCH PARK. SERVICES PROVIDED ARE IN ACCORDANCE WITH THE ASSET MANAGEMENT AND PROPERTY MANAGEMENT AGREEMENTS, AND INCLUDE ACCOUNTING SERVICES, ON-SITE MANAGEMENT OVERSIGHT, COORDINATION OF VENDORS, LEASING AND MARKETING. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BY-LAWS OF THE ORGANIZATION PRESCRIBE THAT A MINORITY OF THE BOARD OF DIRECTORS SHALL BE UNIVERSITY MEMBERS APPOINTED BY THE PRESIDENT OF ARIZONA STATE UNIVERSITY. |
| FORM 990, PART VI, SECTION A, LINE 7B | ARIZONA STATE UNIVERSITY APPROVES THE BUDGET AND THE SALE OF ASSETS FOR THE ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE VICE PRESIDENT FOR FINANCE AND DEPUTY TREASURER FOR ARIZONA STATE UNIVERSITY AND THE CORPORATE CONTROLLER FOR SUNBELT HOLDINGS, AN AFFILIATE OF AGS, LLC., WILL EACH REVIEW THE DRAFT RETURN. AFTER THE INITIAL REVIEW, A DRAFT COPY OF THE TAX RETURN WILL BE SENT TO THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN. |
| FORM 990, PART VI, SECTION B, LINE 12C | CORPORATE OFFICERS AND EMPLOYEES MUST BE AWARE OF AND IDENTIFY CIRCUMSTANCES UNDER WHICH THE RESEARCH PARK'S ACTIONS MIGHT AFFECT THEM OR THEIR RELATIVES. THEY MUST DISCLOSE SITUATIONS IN WHICH CONFLICTS OF INTEREST MIGHT AFFECT THEM OR THEIR RELATIVES AND MUST DISCLOSE SITUATIONS IN WHICH CONFLICTS OF INTEREST EXIST AND REFRAIN FROM ANY PARTICIPATION IN THE DECISION MAKING PROCESS FOR THAT TRANSACTION. THEY MUST MAKE KNOWN THESE CONFLICTS OF INTERESTS IN THE OFFICIAL RECORDS OF THE RESEARCH PARK. CONFLICTS OF INTEREST HAVE LEVELS OF SUBSTANTIAL AND REMOTE INTERTEST. THESE CONFLICTS ARE MONITORED BY THE PRESIDENT OF ASURP AND THE PRESIDENT OF ASU. CORPORATE OFFICERS AND EMPLOYEES ARE INCLUDED IN THE CONFLICTS OF INTEREST POLICY. CORPORATE OFFICERS INCLUDE ALL ELECTED AND APPOINTED OFFICERS OF ASURP, DIRECTORS, MEMBERS OF THE ADVISORY COMMITTEES, BOARDS AND COUNCILS. EMPLOYEES ARE PERSONS EMPLOYED BY ASURP ON A FULL TIME, PART TIME OR CONTRACT BASIS. FOR PURPOSES OF THIS POLICY ONLY, THE RESEARCH PARK ASSET MANAGER SHALL ALSO BE DEEMED AN EMPLOYEE. ANNUALLY, THE BOARD MEMBERS ARE REQUIRED TO FILL OUT AND SIGN A CONFLICT OF INTEREST FORM STATING THAT THEY HAVE READ THE CONFLICT OF INTEREST POLICY AND IF THEY HAVE A CONFLICT OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | THESE SALARIES ARE DETERMINED BY THE UNIVERSITY IN ADHERANCE WITH POLICIES OF THE UNIVERSITY AND APPLICABLE UNIVERSITY GOVERNANCE. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART VI, SECTION A, LINE 1B: | BECAUSE THREE OF THE VOTING MEMBERS OF THE GOVERNING BODY ARE EMPLOYED BY ARIZONA STATE UNIVERSITY, THEY ARE NOT CONSIDERED TO BE INDEPENDENT. |
| FORM 990, PART VII, OFFICERS, DIRECTORS AND KEY EMPLOYEES: | ARIZONA STATE UNIVERSITY RESEARCH PARK HAS NO EMPLOYEES AND DOES NOT COMPENSATE THEIR DIRECTORS OR OFFICERS. AGS, LLC (SEE PAGE 8, PART VII, SECTION B) IS PAID FOR PROPERTY MANAGEMENT, MANAGEMENT SERVICES AND ACCOUNTING SERVICES. THE COMPENSATION REPORTED FOR OFFICERS AND DIRECTORS AS REPORTED ON PART VII OF THE FORM 990, REPRESENT AMOUNTS PAID TO THEM BY ARIZONA STATE UNIVERSITY (ASU) FOR THEIR SERVICES RENDERED TO ASU, A RELATED TAX-EXEMPT ORGANIZATION, SEE SCHEDULE R. |
| FORM 990, PART XII, LINE 2C: | THE PROPERTY MANAGER, AGS, LLC, IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND REVIEW OF THE FINANCIAL STATEMENTS. ARIZONA STATE UNIVERSITY'S VICE PRESIDENT FOR FINANCE AND DEPUTY TREASURER IS AVAILABLE FOR GUIDANCE AND ALSO REVIEWS THE AUDITED FINANCIAL STATEMENTS. THE SELECTION OF AN INDEPENDENT ACCOUNTANT IS DONE BY ARIZONA STATE UNIVERSITY THROUGH AN AUDIT SELECTION COMMITTEE. EVERY FIVE YEARS, THE AUDIT SELECTION COMMITTEE ASKS SEVERAL INDEPENDENT ACCOUNTING FIRMS TO BID ON THE AUDIT OF ARIZONA STATE UNIVERSITY'S AFFILIATED ENTITIES. A FEW FIRMS ARE AWARDED POSITIONS IN THE POOL, WHICH ARE QUALIFIED TO PERFORM AUDITS FOR THE AFFILIATED ENTITIES. THE AFFILIATED ENTITIES MAY CHOOSE ANY FIRM IN THE POOL. IF THE AFFILIATED ENTITIES WANT TO CONTRACT AUDIT SERVICES TO A FIRM NOT IN THE POOL, ARIZONA STATE UNIVERSITY MUST FIRST APPROVE THE FIRM. THERE HAS BEEN NO CHANGE IN THIS PROCESS DURING THE CURRENT TAX YEAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ARIZONA STATE UNIVERSITY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ASU FOUNDATION BLDG 320 300 E UNIVE | AddressLine1Txt |
| City | TEMPE | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85281 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 860196696 | EIN |
| Primary Activities | UNIVERSITY | PrimaryActivitiesTxt |
| Legal Domicile State | AZ | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (1) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| ARIZONA STATE UNIVERSITY | ||
| K | $6,183,339 | CASH |
| ARIZONA STATE UNIVERSITY | ||
| E | $3,683,338 | CASH |
Comments