UNIVERSITY ENTERPRISE LABORATORIES INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: UNIVERSITY ENTERPRISE LABORATORIES INC (EIN 41-2093194)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-10-10
IRS object ID: 202432849349301873
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
Form 990
Schedule A
Schedule B
Schedule D
Schedule L
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-10-10T19:26:17-05:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	390859910	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BAKER TILLY ADVISORY GROUP LP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	225 S 6TH ST 2300	AddressLine1Txt
City	MINNEAPOLIS	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55402	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	412093194	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	UNIVERSITY ENTERPRISE LABORATORIES INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	UNIV	BusinessNameControlTxt
Phone	6516412800	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1000 WESTGATE DRIVE SUITE 101	AddressLine1Txt
City	ST PAUL	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55114	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	BARBARA NELSON	PersonNm
Person Title	BOARD CHAIR	PersonTitleTxt
Phone	6516412800	PhoneNum
Signature	2024-10-09	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	KAREN A GRIES	PreparerPersonNm
PTIN	P00078514	PTIN
Phone	6128764500	PhoneNum
Preparation	2024-10-09	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	BARBARA NELSON	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1000 WESTGATE DRIVE SUITE 101	AddressLine1Txt
City	ST PAUL	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55114	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$4,130,870	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.UELMN.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2002	FormationYr
Legal Domicile State	MN	LegalDomicileStateCd
Activity Or Mission	SEE SCHEDULE O.UNIVERSITY ENTRPRISE LABORATORIES (UEL) IS ORGANIZED FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES. IT SERVES AS A LABORATORY-BASED INCUBATOR FOR EMERGING LIFE SCIENCE COMPANIES BY PROVIDING ACCESS TO WORLD-CLASS LABORATORY FACILITIES, SHARED EQUIPMENT, BUSINESS AND ENTREPRENEURSHIP TRAINING, A COMMUNITY OF STARTUPS, AND COLLABORATION WITH UNIVERSITY-BASED RESEARCHERS. IT ALSO SUPPORTS STUDENT WORK EXPERIENCE THROUGH INTERNSHIP OPPORTUNITIES, AND TECHNOLOGY TRANSFER WITH THE UNIVERSITY OF MINNESOTA. IT IS ORGANIZED AND WILL CONTINUE TOBE OPERATED TO PROMOTE, ENCOURAGE, AND AID SCIENTIFIC INVESTIGATION, RESEARCH, TECHNOLOGICAL ADVANCEMENT, EDUCATIONAL OPPORTUNITIES, AND ENTREPRENEURSHIP; PROMOTE, ENCOURAGE AND AID IN THE MUTUAL TRANSFER AND APPLICATION OF SCIENTIFIC INVESTIGATION AND RESEARCH, TECHNOLOGICALADVANCEMENT, AND EDUCATIONAL OPPORTUNITIES IN COLLABORATION WITH EDUCATIONAL AND RESEARCH INSTITUTIONS, INDUSTRY, BUSINESS, AND GOVERNMENT.	ActivityOrMissionDesc
Voting Members Governing Body	12	VotingMembersGoverningBodyCnt
Voting Members Independent	11	VotingMembersIndependentCnt
Total Employee	1	TotalEmployeeCnt
Total Volunteers	11	TotalVolunteersCnt
Total Gross UBI	$48,600	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$98,211	PYContributionsGrantsAmt
CY Contributions Grants	$70,001	CYContributionsGrantsAmt
PY Program Service Revenue	$3,874,971	PYProgramServiceRevenueAmt
CY Program Service Revenue	$4,053,004	CYProgramServiceRevenueAmt
PY Investment Income	$1,971	PYInvestmentIncomeAmt
CY Investment Income	$798	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$7,067	CYOtherRevenueAmt
PY Total Revenue	$3,975,153	PYTotalRevenueAmt
CY Total Revenue	$4,130,870	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$168,078	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$69,412	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$4,050,325	PYOtherExpensesAmt
CY Other Expenses	$4,042,386	CYOtherExpensesAmt
PY Total Expenses	$4,218,403	PYTotalExpensesAmt
CY Total Expenses	$4,111,798	CYTotalExpensesAmt
PY Revenues Less Expenses	-$243,250	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$19,072	CYRevenuesLessExpensesAmt
Total Assets BOY	$19,666,443	TotalAssetsBOYAmt
Total Assets EOY	$20,324,135	TotalAssetsEOYAmt
Total Liabilities BOY	$15,351,003	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$15,989,623	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$4,315,440	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$4,334,512	NetAssetsOrFundBalancesEOYAmt
Mission	THE MISSION OF THE UNIVERSITY ENTERPRISE LABORATORIES IS TO SUPPORT EARLY-STAGE VENTURES IN LIFE SCIENCES TO GROWTH AND COMMERCIAL SUCCESS THROUGH CONNECTIONS, SERVICES, AND WORLD-CLASS LABORATORY FACILITIES IN MINNESOTA'S ENTREPRENEURSHIP ECOSYSTEM.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$3,895,326	ExpenseAmt
Revenue	$4,004,404	RevenueAmt
Desc	SERVES AS A LABORATORY-BASED INCUBATOR FOR EMERGING LIFE SCIENCE COMPANIES BY PROVIDING ACCESS TO WORLD-CLASS LABORATORY FACILITIES, SHARED EQUIPMENT, BUSINESS AND ENTREPRENEURSHIP TRAINING, A COMMUNITY OF STARTUPS, AND COLLABORATION WITH UNIVERSITY-BASED RESEARCHERS.	Desc
Total Program Service Expenses	$3,895,326	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	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	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	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	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	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	Yes (1)	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	Yes (1)	DisregardedEntityInd
Related Entity	0	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	17	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	1	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
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	12	GoverningBodyVotingMembersCnt
Independent Voting Member	11	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	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	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	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	MN	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SARAH ROSSER	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	9528769213	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2001 KILLEBREW DRIVE SUITE 100	AddressLine1Txt
City	BLOOMINGTON	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55425	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd
MIKE BERTHELSEN
EXECUTIVE DIRECTOR (TERM. 05/2023)	40.00	Yes (X)	$58,908	$0	$0
BRAD LARMIE
EXECUTIVE DIRECTOR	40.00	Yes (X)	$8,977	$0	$0
ANDY LAFRENCE
CHAIR	1.00	Yes (X)	$0	$0	$0	Yes (X)
BARBARA NELSON
VICE CHAIR	1.00	Yes (X)	$0	$0	$0	Yes (X)
JESSICA MOGLIKA
TREASURER	1.00	Yes (X)	$0	$0	$0	Yes (X)
MICHAEL GIETL
TREASURER	1.00	Yes (X)	$0	$0	$0	Yes (X)
DENISE HOLLOMAN
SECRETARY	1.00	Yes (X)	$0	$0	$0	Yes (X)
STEVE MERTENS
PAST CHAIR	1.00		$0	$0	$0	Yes (X)
KRISTIN GUILD
DIRECTOR	1.00		$0	$0	$0	Yes (X)
ROBERT ELDE
DIRECTOR	1.00		$0	$0	$0	Yes (X)
STEVE KELLEY
DIRECTOR	1.00		$0	$0	$0	Yes (X)
LISA HERRON-OLSON
DIRECTOR	1.00		$0	$0	$0	Yes (X)
FRANK JASKULKE
DIRECTOR	1.00		$0	$0	$0	Yes (X)
PAT MASCIA
DIRECTOR	1.00		$0	$0	$0	Yes (X)
KATHY TUNE
DIRECTOR	1.00		$0	$0	$0	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$67,885	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	1	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
TAPESTRY MANAGEMENT LLC
2001 KILLEBREW DR STE 100	MINNEAPOLIS	MN	55425	MANAGEMENT SERVICES	$649,229
CLOVER MAINTENANCE
7229 177TH AVE NE	FOREST LAKE	MN	55025	JANITORIAL SERVICES	$246,888

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	2	CntrctRcvdGreaterThan100KCnt
Government Grants	$66,668	GovernmentGrantsAmt
All Other Contributions	$3,333	AllOtherContributionsAmt
Total Contributions	$70,001	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
RENTAL INCOME	532000	$4,043,358	$3,994,758	$48,600
MAILBOX RENTALS	532000	$6,600	$6,600
FORFEITED DEPOSITS	900099	$3,046	$3,046

Field	Value	IRS element (for citing)
Total Program Service Revenue	$4,053,004	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$798	TotalRevenueColumnAmt
Exclusion	$798	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	MISCELLANEOUS REVENUE	Desc
Business	900099	BusinessCd
Total Revenue Column	$7,067	TotalRevenueColumnAmt
Exclusion	$7,067	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$7,067	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$4,130,870	TotalRevenueColumnAmt
Related Or Exempt Func Income	$4,004,404	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$48,600	UnrelatedBusinessRevenueAmt
Exclusion	$7,865	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$64,479	TotalAmt
Program Services	$48,359	ProgramServicesAmt
Management And General	$16,120	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$4,933	TotalAmt
Program Services	$3,700	ProgramServicesAmt
Management And General	$1,233	ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$151,542	TotalAmt
Management And General	$151,542	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$4,619	TotalAmt
Program Services	$1,396	ProgramServicesAmt
Management And General	$3,223	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$65,994	TotalAmt
Program Services	$30,000	ProgramServicesAmt
Management And General	$35,994	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$622	TotalAmt
Management And General	$622	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$286,283	TotalAmt
Program Services	$286,283	ProgramServicesAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$49,010	TotalAmt
Program Services	$49,010	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$44,111	TotalAmt
Program Services	$44,111	ProgramServicesAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$12,571	TotalAmt
Program Services	$12,571	ProgramServicesAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,062,106	TotalAmt
Program Services	$1,062,106	ProgramServicesAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$795,412	TotalAmt
Program Services	$795,412	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$870,807	TotalAmt
Program Services	$870,807	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$66,604	TotalAmt
Program Services	$58,866	ProgramServicesAmt
Management And General	$7,738	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
REPAIRS & MAINTENANCE	$526,557	$526,557
DUES & SUBSCRIPTIONS	$97,735	$97,735
EQUIPMENT RENTAL	$8,413	$8,413

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$4,111,798	TotalAmt
Program Services	$3,895,326	ProgramServicesAmt
Management And General	$216,472	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$470,401	BOYAmt
EOY	$587,733	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$554,659	BOYAmt
EOY	$746,315	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$91,964	BOYAmt
EOY	$62,725	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$10,619	BOYAmt
EOY	$0	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$164,717	BOYAmt
EOY	$126,797	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$32,069,319	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$13,721,301	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$17,967,886	BOYAmt
EOY	$18,348,018	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$406,197	BOYAmt
EOY	$452,547	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$19,666,443	BOYAmt
EOY	$20,324,135	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$124,800	BOYAmt
EOY	$139,015	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$113,714	BOYAmt
EOY	$33,602	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$14,969,680	BOYAmt
EOY	$14,685,040	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$142,809	BOYAmt
EOY	$1,131,966	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$15,351,003	BOYAmt
EOY	$15,989,623	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	$4,315,440	BOYAmt
EOY	$4,334,512	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$4,315,440	BOYAmt
EOY	$4,334,512	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$19,666,443	BOYAmt
EOY	$20,324,135	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$19,072	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)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	Yes (X)	PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$19,417	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$147,546	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$242,020	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$98,211	CurrentTaxYearMinus1YearAmt
Current Tax Year	$70,001	CurrentTaxYearAmt
Total	$577,195	TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$3,131,834	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,607,632	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$3,587,502	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$3,825,371	CurrentTaxYearMinus1YearAmt
Current Tax Year	$4,004,404	CurrentTaxYearAmt
Total	$18,156,743	TotalAmt

Total509 Total509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$3,151,251	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,755,178	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$3,829,522	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$3,923,582	CurrentTaxYearMinus1YearAmt
Current Tax Year	$4,074,405	CurrentTaxYearAmt
Total	$18,733,938	TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,137,683	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,334,549	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,871,054	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,061,744	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,010,562	CurrentTaxYearAmt
Total	$6,415,592	TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,137,683	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,334,549	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,871,054	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,061,744	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,010,562	CurrentTaxYearAmt
Total	$6,415,592	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total509	$12,318,346	PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$8,905	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$5,716	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$3,833	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,971	CurrentTaxYearMinus1YearAmt
Current Tax Year	$798	CurrentTaxYearAmt
Total	$21,223	TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$8,905	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$5,716	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$3,833	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,971	CurrentTaxYearMinus1YearAmt
Current Tax Year	$798	CurrentTaxYearAmt
Total	$21,223	TotalAmt

Other Income509 OtherIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,785	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,146	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$4,748	CurrentTaxYearMinus2YearsAmt
Current Tax Year	$7,067	CurrentTaxYearAmt
Total	$14,746	TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$3,161,941	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,762,040	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$3,838,103	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$3,925,553	CurrentTaxYearMinus1YearAmt
Current Tax Year	$4,082,270	CurrentTaxYearAmt
Total	$18,769,907	TotalAmt

Field	Value	IRS element (for citing)
Public Support CY509	0.65630	PublicSupportCY509Pct
Public Support PY509	0.63600	PublicSupportPY509Pct
Investment Income CY	0.00110	InvestmentIncomeCYPct
Investment Income PY	0.00200	InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509	Yes (X)	ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,420,000	OtherCostOrOtherBasisAmt
Book Value	$2,420,000	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$23,173,570	OtherCostOrOtherBasisAmt
Depreciation	$7,810,956	DepreciationAmt
Book Value	$15,362,614	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$5,613,144	OtherCostOrOtherBasisAmt
Depreciation	$5,166,836	DepreciationAmt
Book Value	$446,308	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$862,605	OtherCostOrOtherBasisAmt
Depreciation	$743,509	DepreciationAmt
Book Value	$119,096	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$18,348,018	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
REFUNDABLE SECURITY DEPOSITS	$152,091
CONSTRUCTION PAYABLE	$979,875

Field	Value	IRS element (for citing)
Total Liability	$1,131,966	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE ORGANIZATION FOR UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES.	ExplanationTxt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LISA HERRON-OLSON	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Relationship Description	COO OF SYNTIRON IS A DIRECTOR OF UEL.	RelationshipDescriptionTxt
Transaction	$88,805	TransactionAmt
Transaction	RENT	TransactionDesc
Sharing Of Revenues	0	SharingOfRevenuesInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1A	THE EXECUTIVE COMMITTEE SHALL ACT ONLY DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS AND SHALL AT ALL TIMES BE SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD OF DIRECTORS. DURING SUCH INTERVALS AND SUBJECT TO SUCH CONTROL AND DIRECTION, THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE AUTHORITY AND POWERS OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE AFFAIRS OF THE CORPORATION, SUBJECT TO SUCH LIMITATIONS AS THE BOARD OF DIRECTORS MAY IMPOSE.
FORM 990, PART VI, SECTION A, LINE 3	BUILDING OPERATIONS, LEASING, AND OTHER PROPERTY MANAGEMENT DUTIES ARE DELEGATED TO TAPESTRY MANAGEMENT LLC. MISSION-RELATED WORK IS SUPPORTED BY AN EXECUTIVE DIRECTOR AND BY THE UEL BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 7A	THE UNIVERSITY OF MINNESOTA FOUNDATION HAS THE RIGHT AS STAKEHOLDER TO APPOINT TWO DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 11B	FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT FOR INTERNAL REVIEW. ONCE FINALIZED, THE EXECUTIVE COMMITTEE REVIEWS THE RETURN BEFORE IT IS SENT TO THE FULL BOARD FOR APPROVAL BEFORE FILING.
FORM 990, PART VI, SECTION B, LINE 12C	BOARD MEMBERS COMPLETE CONFLICT OF INTEREST STATEMENTS ANNUALLY AND ARE REQUIRED TO REPORT ANY CHANGES AS THEY ARISE. IT SHALL BE THE POLICY OF UNIVERSITY ENTERPRISE LABORATORIES, INC. (HEREINAFTER REFERRED TO AS THE "CORPORATION") THAT ALL DIRECTORS SHALL SCRUPULOUSLY AVOID ANY CONFLICT BETWEEN THEIR OWN RESPECTIVE INDIVIDUAL INTERESTS AND THE INTERESTS OF THE CORPORATION IN ANY AND ALL ACTIONS TAKEN BY THEM ON BEHALF OF THE CORPORATION IN THEIR REPRESENTATIVE CAPACITIES. NO DIRECTOR OF THE CORPORATION SHALL USE HIS OR HER POSITION IN A MANNER THAT MAY CREATE A CONFLICT BETWEEN PERSONAL INTERESTS AND THOSE OF THE CORPORATION OR RELATED ENTITY, OR OTHERWISE ENGAGE IN ACTIONS THAT MAY CREATE A CONFLICT OF INTEREST. DIRECTORS SHALL COMPLY WITH ALL GOVERNMENTAL STATUTES, ORDINANCES AND REGULATIONS, INCLUDING THOSE RELATING TO CONFLICTS OF INTEREST. THE CORPORATION MAY ENTER INTO A TRANSACTION INVOLVING A CONFLICT OF INTEREST IF ANY ONE OF THE FOLLOWING IS TRUE: A. FAIRNESS AND REASONABLENESS: THE CONTRACT OR TRANSACTION WAS FAIR AND REASONABLE TO THE CORPORATION. WHETHER A CONTRACT OR TRANSACTION IS FAIR AND REASONABLE TO THE CORPORATION WILL BE DETERMINED BY LOOKING TO THE TIME THE CONTRACT OR TRANSACTION WAS ANTHORIZED, APPROVED OR RATIFIED. THE PARTY ASSERTING THE VALIDITY OF THE CONTRACT OR TRANSACTION HAS THE BURDEN OF ESTABLISHING THE CONTRACT OR TRANSACTION'S FAIRNESS AND REASONABLENESS TO THE CORPORATION. B. DISCLOSURE OF MATERIAL FACTS TO BOARD: THE MATERIAL FACTS ABOUT BOTH THE CONTRACT OR TRANSACTION AND A DIRECTOR'S INTEREST IN THE CONTRACT OR TRANSACTION ARE EITHER FULLY DISCLOSED OR KNOWN TO THE BOARD OR A COMMITTEE OF CORPORATION. IN SUCH CASES, THE CONTRACT OR TRANSACTION MUST BE AUTHORIZED, RATIFIED, OR APPROVED IN GOOD FAITH BY A MAJORITY OF THE BOARD OR COMMITTEE. THE VOTE OF ANY INTERESTED DIRECTOR DOES NOT COUNT FOR PURPOSE OF DETERMINING WHAT CONSTITUTES A MAJORITY VOTE, AND THE PRESENCE OF ANY INTERESTED DIRECTOR AT A MEETING AT WHICH SUCH A VOTE IS TAKEN DOES NOT COUNT IN DETERMINING THE PRESENCE OF A QUORUM. C. MERGER OR CONSOLIDATION: THE CONTRACT OR TRANSACTION IS A MERGER OR CONSOLIDATION DESCRIBED IN MINNESOTA STATUTES 317A.601. A DIRECTOR OF THE CORPORATION MAY BE A PARTY TO THE CONTRACT OR TRANSACTION AND MAY BE PRESENT AT THE MEETING AT WHICH THE CONTRACT OR TRANSACTION WAS AUTHORIZED, APPROVED, OR RATIFIED, BUT MAY NOT BE INVOLVED IN THE DISCUSSIONS OR VOTE ON SUCH TRANSACTION.
FORM 990, PART VI, SECTION B, LINE 15	THE EXECUTIVE COMMITTEE REVIEWS IN DETAIL AND APPROVES THE MANAGEMENT AGREEMENT. IN ADDITION, THEY REVIEW AND APPROVE THE BUDGET WHICH INCLUDES EMPLOYEE COMPENSATION AT THE BEGINNING OF EACH YEAR.
FORM 990, PART VI, SECTION C, LINE 19	INFORMATION IS AVAILABLE UPON REQUEST OF THE MANAGEMENT COMPANY OR MAILING.
FORM 990, PART XII, LINE 2C:	THE PROCESSES FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT WERE NOT CHANGED DURING THE YEAR.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	UEL REAL ESTATE HOLDINGS LLC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1000 WESTGATE DRIVE	AddressLine1Txt
City	ST PAUL	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55114	ZIPCd

Field	Value	IRS element (for citing)
EIN	202133240	EIN
Primary Activities	LAB RENTAL TO EMERGING LIFE SCIENCE COMPANIES	PrimaryActivitiesTxt
Legal Domicile State	MN	LegalDomicileStateCd
Total Income	$4,060,847	TotalIncomeAmt
End Of Year Assets	$20,406,906	EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	UNIVERSITY ENTERPRISE LABORATORIES	BusinessNameLine1Txt