ARIZONA STATE UNIVERSITY RESEARCH PARK INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: ARIZONA STATE UNIVERSITY RESEARCH PARK INC (EIN 86-0488828)
Tax period: 2022-07-01 to 2023-06-30
Filed: 2023-11-06
IRS object ID: 202343109349303129
Schema version: 2022v5.0
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 D
Schedule I
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-11-06T16:19:09-06:00	ReturnTs
Tax Period End	2023-06-30	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	2022-07-01	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	2023-10-30	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	ANJALI	PersonFirstNm
Person Last	HALABE	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	MELISSA HANGSLEBEN	PreparerPersonNm
PTIN	P02087031	PTIN
Phone	6022662248	PhoneNum
Preparation	2023-10-30	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	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	$14,247,808	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	$12,608,305	PYProgramServiceRevenueAmt
CY Program Service Revenue	$14,199,559	CYProgramServiceRevenueAmt
PY Investment Income	$2,188	PYInvestmentIncomeAmt
CY Investment Income	$48,249	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$12,610,493	PYTotalRevenueAmt
CY Total Revenue	$14,247,808	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	$7,165,581	PYOtherExpensesAmt
CY Other Expenses	$7,255,377	CYOtherExpensesAmt
PY Total Expenses	$7,315,581	PYTotalExpensesAmt
CY Total Expenses	$7,405,377	CYTotalExpensesAmt
PY Revenues Less Expenses	$5,294,912	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$6,842,431	CYRevenuesLessExpensesAmt
Total Assets BOY	$67,696,624	TotalAssetsBOYAmt
Total Assets EOY	$74,364,914	TotalAssetsEOYAmt
Total Liabilities BOY	$17,656,114	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$17,481,973	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$50,040,510	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$56,882,941	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	$7,187,329	ExpenseAmt
Grant	$150,000	GrantAmt
Revenue	$14,199,559	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	$7,187,329	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	8	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
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 (10 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/DIRECTOR	1.00	40.00	Yes (X)	Yes (X)	$0	$961,274	$31,802
DR KYLE SQUIRES
DIRECTOR	1.00	40.00	Yes (X)		$0	$472,575	$5,197
LISA LOO
DIRECTOR	1.00	40.00	Yes (X)		$0	$448,218	$15,326
JOANNE WAMSLEY
SECRETARY/TREASURER (THRU 08/22)	1.00	40.00		Yes (X)	$0	$209,619	$3,546
ANJALI HALABE
SECRETARY/TREASURER (JOINED 01/23)	1.00	40.00		Yes (X)	$0	$0	$0
ANN MCCARTNEY
DIRECTOR	1.00	0.00	Yes (X)		$0	$0	$0
ROC ARNETT
DIRECTOR	1.00	0.00	Yes (X)		$0	$0	$0
DRENA KUSARI
DIRECTOR	1.00	0.00	Yes (X)		$0	$0	$0
DENNY BARNEY
DIRECTOR	1.00	0.00	Yes (X)		$0	$0	$0
JOHN LEWIS
DIRECTOR	1.00	0.00	Yes (X)		$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$0	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$2,091,686	TotReportableCompRltdOrgAmt
Total Other Compensation	$55,871	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 (2 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	$518,082
AGS LLC
6720 N SCOTTSDALE RD 250	SCOTTSDALE	AZ	85253	PERSONNEL, MANAGEMENT AND ACCOUNTING	$442,905

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	2	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
NONRESIDENTIAL RENT	531120	$14,117,729	$14,117,729
INFRASTRUCTURE REVENUE	531390	$63,225	$63,225
OTHER PROGRAM REVENUE	531390	$18,605	$18,605

Field	Value	IRS element (for citing)
Total Program Service Revenue	$14,199,559	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$48,249	TotalRevenueColumnAmt
Exclusion	$48,249	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$14,247,808	TotalRevenueColumnAmt
Related Or Exempt Func Income	$14,199,559	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$48,249	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	$291,613	TotalAmt
Program Services	$291,613	ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$2,999	TotalAmt
Program Services	$2,999	ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$77,138	TotalAmt
Management And General	$77,138	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$28,940	TotalAmt
Management And General	$28,940	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$4,151	TotalAmt
Management And General	$4,151	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$5,867	TotalAmt
Management And General	$5,867	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$5,549,170	TotalAmt
Program Services	$5,546,446	ProgramServicesAmt
Management And General	$2,724	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$37	TotalAmt
Program Services	$37	ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$13,012	TotalAmt
Management And General	$13,012	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$406,048	TotalAmt
Program Services	$406,048	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$29,327	TotalAmt
Management And General	$29,327	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
GROUNDS MAINTENANCE	$803,271	$790,086	$13,185
OPERATIONS	$24,096		$24,096
SECURITY	$13,258		$13,258
BANK CHARGES & FEES	$6,350		$6,350

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$100	TotalAmt
Program Services	$100	ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$7,405,377	TotalAmt
Program Services	$7,187,329	ProgramServicesAmt
Management And General	$218,048	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$4,536,439	BOYAmt
EOY	$5,009,823	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$1,681,462	BOYAmt
EOY	$1,980,713	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$448,609	BOYAmt
EOY	$0	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$79	BOYAmt
EOY	$78	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$16,329,271	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$11,923,313	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$4,724,490	BOYAmt
EOY	$4,405,958	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$56,305,545	BOYAmt
EOY	$62,968,342	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$67,696,624	BOYAmt
EOY	$74,364,914	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$145,005	BOYAmt
EOY	$130,428	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$12,935,366	BOYAmt
EOY	$12,868,116	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$4,575,743	BOYAmt
EOY	$4,483,429	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$17,656,114	BOYAmt
EOY	$17,481,973	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	$50,040,510	BOYAmt
EOY	$56,882,941	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$50,040,510	BOYAmt
EOY	$56,882,941	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$67,696,624	BOYAmt
EOY	$74,364,914	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$6,842,431	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
IRS Written Determination	Yes (X)	IRSWrittenDeterminationInd
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	$5,483,429	SupportAmt
Other Support	$0	OtherSupportAmt

Field	Value	IRS element (for citing)
Supported Organizations Total	1	SupportedOrganizationsTotalCnt
Support Sum	$5,483,429	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	$270,220	DepreciationAmt
Book Value	$3,502	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$15,902,273	OtherCostOrOtherBasisAmt
Depreciation	$11,499,817	DepreciationAmt
Book Value	$4,402,456	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	$4,405,958	TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDesc	Book ValueBookValueAmt
DEFERRED RENT RECEIVABLE	$60,569,231
LEASE ACQUISITION COST, NET	$2,399,111

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$62,968,342	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	DUE TO ARIZONA STATE UNIVERSITY	Desc
Amt	$4,483,429	Amt

Field	Value	IRS element (for citing)
Total Liability	$4,483,429	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$14,247,808	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$14,247,808	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$14,247,808	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$7,405,377	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$7,405,377	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$7,405,377	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, 2023 AND 2022. MANAGEMENT BELIEVES THAT NO UNCERTAIN TAX POSITIONS EXIST FOR THE ORGANIZATION AS OF JUNE 30, 2023 AND 2022.	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/DIRECTOR	$0	$539,921	$0	$45,000	$0	$376,353	$0	$18,300	$0	$13,502	$0	$993,076	$0	$0
DR KYLE SQUIRES
DIRECTOR	$0	$472,575	$0	$0	$0	$0	$0	$0	$0	$5,197	$0	$477,772	$0	$0
LISA LOO
DIRECTOR	$0	$382,844	$0	$0	$0	$65,374	$0	$7,126	$0	$8,200	$0	$463,544	$0	$0
JOANNE WAMSLEY
SECRETARY/TREASURER (THRU 08/22)	$0	$209,619	$0	$0	$0	$0	$0	$0	$0	$3,546	$0	$213,165	$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. CORPORATE OFFICERS AND EMPLOYEES ARE INCLUDED IN THE CONFLICT 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, PAGE 6, 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, PAGE 7, 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. ANJALI HALABE JOINED ASU IN JANUARY 2023, NO 2022 RELATED PARTY COMPENSATION TO REPORT FOR FY23 TAX RETURN.
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	0	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

Other Organization Name OtherOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	ARIZONA STATE UNIVERSITY	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Transaction Type	K	TransactionTypeTxt
Involved	$5,483,429	InvolvedAmt
Method Of Amount Determination	CASH	MethodOfAmountDeterminationTxt