2024-03-28T13:07:29-05:00 2023-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2022-07-01 900868685 ASU RESEARCH ENTERPRISE ASUR 4809653759 PO BOX 2260 TEMPE AZ 852802260 VIRGINIA E DESANTO VP & CFO 4809651791 2024-03-28 1 VIRGINIA DESANTO 999009999 1 DANIEL ROMANO P00504182 2125990100 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RYAN GIVEN 1475 N SCOTTSDALE RD STE 161 SCOTTSDALE AZ 85257 809125 0 X HTTP://ASURE.ASU.EDU X 2012 AZ EXTEND ASU'S REACH TO MEET ITS RESEARCH GOALS THROUGH THE CULTIVATION AND EXECUTION OF APPLIED R&D. 5 3 11 3 0 0 0 0 8177752 806885 0 0 26613 2240 8204365 809125 3573428 1625051 0 0 602618 1094817 0 0 0 5204649 816923 9380695 3536791 -1176330 -2727666 4175922 423221 1827124 802089 2348798 -378868 X SEE SCHEDULE OEXTEND ASU'S REACH TO MEET ITS RESEARCH GOALS THROUGH THE CULTIVATION AND EXECUTION OF APPLIED RESEARCH AND DEVELOPMENT FOR THE TRANSITION OF TECHNOLOGY AND INNOVATION INTO LATER-STAGE READINESS LEVELS AND BY OPERATIONALIZING AGILE MANAGERIAL SERVICES TO DELIVER MATURED SOLUTIONS THAT ADVANCE NATIONAL SECURITY AND GLOBAL HUMANITY CHALLENGES. 0 0 2359212 1625051 806885 GROW ASU RESEARCH ENTERPRISE (ASURE) INTO A RECOGNIZED LEADER IN TECHNOLOGY INNOVATION THROUGH APPLIED RESEARCH AND DEVELOPMENT IN ORDER TO STRENGTHEN ASU'S REACH, REPUTATION, AND IMPACT ON THE TOUGHEST CHALLENGES FACING NATIONAL SECURITY AND GLOBAL WELL-BEING. 2359212 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 14 0 1 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ X VIRGINIA E DESANTO 4809651791 300 E UNIVERSITY DRIVE TEMPE AZ 85281 DAN DILLON DIRECTOR 1.00 49.00 X 0 795656 70818 RONALD THOMPSON MANAGING DIRECTOR 50.00 0.00 X X 173676 0 12768 RF SHANGRAW JR CHAIR 1.00 0.00 X X 0 0 0 RYAN GIVEN TREASURER FROM 8/2022 1.00 0.00 X X 0 0 0 SALLY MORTON DIRECTOR 1.00 1.00 X 0 0 0 HOPE SHARETT SECRETARY THRU 8/2022 1.00 49.00 X 0 296500 40360 VIRGINIA E DESANTO TREASURER THRU 8/2022 1.00 49.00 X 0 295537 36489 ANA ABASTA - EXEC ASST OFFICE MGR./SECRETARY FROM 8/2022 40.00 0.00 X 58972 0 18300 DAVID THOMAS FORMER CEO 0.00 40.00 X 0 193178 38473 232648 1580871 217208 1 1 1 0 JUDGE TECHNICAL STAFFING 151 S WARNER ROAD STE 100 WAYNE PA 19087 TEMPORARY STAFF 538354 YUMA REGIONAL MEDICAL CENTER 2400 S AVENUE A YUMA AZ 85364 TEMPORARY STAFF 536238 KARY ENVIRONMENTAL SERVICES INC 641 SOUTH DREW STREET MESA AZ 85210 COURIER SERVICES 333250 BLUE CROSS BLUE SHIELD OF ARIZONA INC PO BOX 13466 PHOENIX AZ 850023466 TEMPORARY STAFF 218279 ALLIED UNIVERSAL 161 WASHINGTON ST STE 600 CONSHOHOCKEN PA 19428 SECURITY SERVICES 215498 9 RESEARCH CONTRACTS 541700 806885 806885 806885 OTHER INCOME 900099 2240 2240 2240 809125 806885 0 2240 X 1625051 1625051 316816 316816 540812 72547 468265 26342 26342 138161 21885 116276 72686 72686 55300 55300 409408 289768 119640 34001 4367 29634 93429 35 93394 143765 143765 39035 2257 36778 4070 4070 75 75 PROJECT MATERIALS 22544 22544 MEALS AND CULTIVATION 8431 2772 5659 FEES AND SUBSCRIPTIONS 6865 1170 5695 3536791 2359212 1177579 0 3598277 95602 577645 63732 261275 0 0 261275 0 2612 4175922 423221 1800198 540814 26926 0 261275 1827124 802089 X 2348798 -378868 2348798 -378868 4175922 423221 -2727666 0 X 0 1 X 1 0 X 10000 10000 1544643 2008562 57625521 8177752 806885 70163363 1554643 2008562 57625521 8177752 806885 70173363 0 0 0 70173363 26 21759 2824 26613 2240 53462 1554669 2030321 57628345 8204365 809125 70226825 0.99920 0.99890 0.00000 0.00040 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 26. 2019 AMOUNT: $ 21,759. 2020 AMOUNT: $ 2,824. 2021 AMOUNT: $ 26,613. 2022 AMOUNT: $ 2,240. 261275 261275 261275 RIGHT OF USE LEASE LIABILITY 261275 261275 X 1860441 551316 500000 1051316 809125 0 809125 4588107 551316 500000 1051316 3536791 0 3536791 PART X, LINE 2: ASURE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AND IS FURTHER CLASSIFIED AS A PUBLIC CHARITY AS DESCRIBED IN SECTIONS 509(A)(1) AND 170(B)(1)(A)(IV) OF THE INTERNAL REVENUE CODE. THOUGH GENERALLY TAX-EXEMPT IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSES, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ORGANIZATION FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE TAX YEARS ENDING JUNE 30, 2023, 2022, 2021, AND 2020 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AS OF JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: SERVICE AGREEMENT REIMBURSEMENT 500,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: SERVICE AGREEMENT REIMBURSEMENT 500,000. 1 ASU ENTERPRISE PARTNERS PO BOX 2260 TEMPE AZ 852802260 475519977 501(C)(3) 1411000 0 PROGRAM SUPPORT ARIZONA STATE UNIVERSITY PO BOX 870502 TEMPE AZ 85287 860196696 115 214051 0 PROGRAM SUPPORT 2 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS GRANTS MADE ARE MONITORED THROUGH RESEARCH SUBAWARDS. X 1 1 0 0 0 0 0 0 0 1 0 DAN DILLON DIRECTOR 0 564076 0 201667 0 29913 0 41850 0 28968 0 866474 0 0 HOPE SHARETT SECRETARY THRU 8/2022 0 256535 0 39930 0 35 0 17439 0 22921 0 336860 0 0 VIRGINIA E DESANTO TREASURER THRU 8/2022 0 267992 0 27545 0 0 0 19842 0 16647 0 332026 0 0 DAVID THOMAS FORMER CEO 0 174890 0 18251 0 37 0 13881 0 24592 0 231651 0 0 RONALD THOMPSON MANAGING DIRECTOR 153676 0 20000 0 0 0 12169 0 599 0 186444 0 0 0 PART I, LINE 7 NON-FIXED PAYMENTS BONUSES ARE GIVEN ON A DISCRETIONARY BASIS BASED ON PERFORMANCE REVIEWS AT THE END OF THE YEAR. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS ASU ENTERPRISE PARTNERS ("EP") SERVES AS THE SOLE MEMBER OF THE ORGANIZATION, AND PROVIDES IT WITH VARIOUS SUPPORTING SERVICES, SUCH AS LEGAL, HUMAN RESOURCES, FINANCIAL, MARKETING AND TECHNICAL SERVICES. FORM 990, PART VI, SECTION A, LINE 7A POWER TO ELECT PER THE BYLAWS OF ASURE, THE FOLLOWING ACTIONS SHALL NOT BE TAKEN BY THE CORPORATION WITHOUT THE APPROVAL OF THE MEMBER: ELECTION AND REMOVAL OF DIRECTORS OTHER THAN EX OFFICIO DIRECTORS OR DIRECTORS DESIGNATED AS "KEY MANAGEMENT PERSONNEL" FOR PURPOSES OF MAINTAINING COMPLIANCE WITH CERTAIN FEDERAL SECURITY CLEARANCE REQUIREMENTS, AMENDMENT OF THE ARTICLES OF INCORPORATION OF THE CORPORATION, AMENDMENT OF THE BYLAWS OF THE CORPORATION, MERGER, CONSOLIDATION OR DISSOLUTION OF THE CORPORATION, AND THE CREATION OF ANY SUBSIDIARIES OR AFFILIATES OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL SEE PART VI, LINE 7A DISCLOSURE FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS ASURE'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE DRAFT IS SUBMITTED TO ASURE'S MANAGEMENT AND TREASURER FOR REVIEW AND ACCURACY OF REPORTING. A FULL COPY OF THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS. IT IS THEN SIGNED BY THE TREASURER AND SUBMITTED ELECTRONICALLY TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PROCESS FOR MONITORING AND ENFORCEMENT OF CONFLICT OF INTEREST POLICY UPON HIRE AND ON AN ANNUAL BASIS, ALL EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS RELATING TO THEIR INVOLVEMENT WITH ASURE. IN ADDITION, ANY TIME THE EMPLOYEE BECOMES AWARE OF A NEW CONFLICT, THEY ARE REQUIRED TO SUBMIT AN UPDATED CONFLICT OF INTEREST/COMMITMENT FORM TO EP'S GENERAL COUNSEL. ANY IDENTIFIED CONFLICTS WOULD BE REVIEWED BY THE BOARD CHAIR AND THE MANAGING DIRECTOR TO DETERMINE ANY MITIGATION ACTIONS NEEDED. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR ESTABLISHING COMPENSATION OF PRESIDENT/CEO AND KEY EMPLOYEES THE BOARD OF DIRECTORS APPROVES THE COMPENSATION PACKAGE FOR THE MANAGING DIRECTOR BASED ON CURRENT MARKET COMPARISONS PROVIDED BY EP'S HUMAN RESOURCES DEPARTMENT (WHICH OBTAINS THIS INFORMATION FROM AN INDEPENDENT COMPENSATION CONSULTANT), RESPONSIBILITIES OF THE POSITION, GOALS OF ASURE, AND NEGOTIATIONS WITH THE MANAGING DIRECTOR. ALL OTHER COMPENSATION DECISIONS FOR ALL EMPLOYEES HAVE BEEN DELEGATED FROM THE BOARD OF DIRECTORS TO THE MANAGING DIRECTOR, WHO FOLLOWS A SIMILAR PROCESS AS DESCRIBED. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS MADE AVAILABLE TO THE PUBLIC THE FORM 1023 AND FORM 990 FOR ASURE ARE AVAILABLE UPON REQUEST. ASURE DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G SITE SECURITY SERVICES: PROGRAM SERVICE EXPENSES 273,550. MANAGEMENT AND GENERAL EXPENSES 5,400. TOTAL EXPENSES 278,950. SURVEY FEES: MANAGEMENT AND GENERAL EXPENSES 2,250. TOTAL EXPENSES 2,250. CONSULTING FEES: PROGRAM SERVICE EXPENSES 16,218. MANAGEMENT AND GENERAL EXPENSES 46,098. TOTAL EXPENSES 62,316. TEMPORARY STAFF WAGES: MANAGEMENT AND GENERAL EXPENSES 28,392. TOTAL EXPENSES 28,392. RECRUITING FEES: MANAGEMENT AND GENERAL EXPENSES 37,500. TOTAL EXPENSES 37,500. 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