2021-10-08T08:14:52-05:00 2020-12-31 871353108 Eisner Advisory Group LLC 130 North 18th Street Suite 3000 Philadelphia PA 191032757 990 2020-01-01 231645908 University City Science Center UNIV 2159666000 3675 Market Street Suite 400 Philadelphia PA 19104 Tiffany Wilson President and CEO 2159666000 2021-10-07 1 Tiffany Wilson 999009999 Helen M Martin P01330899 2158818800 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z Tiffany Wilson 3675 Market Street Suite 400 Philadelphia PA 19104 28114740 0 X www.sciencecenter.org X 1963 PA To commercialize promising technology, cultivate talent, and convene people in the ecosystem of the Greater Philadelphia Region. 24 22 86 1000 0 0 1396074 3288793 15273167 15924919 2757328 2461658 1795 10835 19428364 21686205 300000 560454 0 0 6283249 6715778 0 0 653806 15350858 14197995 21934107 21474227 -2505743 211978 92889219 94661430 53392134 54381825 39497085 40279605 X At the Science Center our mission is to commercialize promising technology, cultivate talent and convene people to inspire action. Our programs serve to catalyze, grow and build the ecosystem in the Greater Philadelphia Region. 0 0 10338960 15569915 Urban Research ParkSee Detail Schedule O Narrative 2330728 174054 ConveneSee Detail Schedule O Narrative 1418762 560454 180950 CommercializationSee Detail Schedule O Narrative 321046 Cultivate:Cultivate programs introduce and re-orient students and adults through hands-on, industry-informed curriculum and workforce training. FirstHand STEM Education:FirstHand offers free year-round, project-based learning in partnership with local schools and community organizations, designed to provide skills-based career exposure. The FirstHand Lab is a connector for students from surrounding neighborhoods to the thriving entrepreneurial and innovation system in Greater Philadelphia and provides a real-world lab experience.Since the beginning of the program, in 2014, over 2,360 students in the surrounding West Philadelphia community gained a better appreciation for science, at the middle school level, and at the high school level discovered and began to consider the various career tracks in STEM or STEM-adjacent roles, as they prepare for a post-secondary education and/or career. Workforce Development: The Science Center's Workforce Development program seeks to connect Philadelphia residents to jobs at biotech companies in University City and beyond. The Science Center is committed to developing a strategic workforce development model that fits the needs of companies, strengthens the STEM talent pipeline, and benefits the community around us.In the first cohort in 2020, 22 participants without a traditional four year-college degree received STEM training. Mentors from local biotech companies engaged participants in at-home lab experiments using custom STEM kits. 321046 14409496 1 1 0 1 0 0 0 0 0 1 1 1 1 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 113 0 1 86 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 22 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI DC X Lorraine LoPresti CFO 2159666000 3675 Market Street Suite 400 Philadelphia PA 19104 Saul Behar VP & General Counsel, Secretary 40.00 X 409119 0 62228 Curtis Hess Senior VP Real Estate 10.00 30.00 X 97166 291497 52080 Lorraine Lopresti CFO 28.00 12.00 X 232154 99495 41190 Tracy Brala VP of Ecosystem Development 40.00 X 310486 0 61453 Stephen T Zarrilli Board Member-Pres & CEO(Thru 3/20) 40.00 X X 319830 0 38071 John Younger VP Science & Tech (Thru 9/20) 40.00 X 252265 0 5112 Eamon Gallagher Director of Science & Technology 40.00 X 163092 0 45857 Clayton Moravec Corporate Controller 20.00 20.00 X 73684 73684 35590 Nicholas Hahn Director of IT 40.00 X 112877 37626 23812 Karina Sotnik Director, Business Incubator 40.00 X 154909 0 15353 Richard Southerland Director, Construction 1.00 40.00 X 0 143128 25392 Tiffany Wilson President & CEO (Eff 10/20) 40.00 X X 86805 0 5102 Michael A DiPiano Board Chair 1.00 X X 0 0 0 Craig R Carnaroli Vice Chair 1.00 X X 0 0 0 Jane H Hollingsworth Vice Chair 1.00 X X 0 0 0 Kerry Benson Board Member 0.30 X 0 0 0 Kenneth J Blank PhD Board Member 0.30 X 0 0 0 Dawn A Bonnell PhD Board Member 0.30 X 0 0 0 Christopher M Cashman Board Member 0.30 X 0 0 0 Yi Deng Board Member (Eff 6/20) 0.30 X 0 0 0 Ernest J Dianastasis Board Member 0.30 X 0 0 0 Pat Harker Board Member 0.30 X 0 0 0 Osagie Imasogie Board Member (Thru 6/20) 0.30 X 0 0 0 J Larry Jameson MD PhD Board Member 0.30 X 0 0 0 David R King Board Member 0.30 X 0 0 0 Carl Kopfinger Board Member 1.00 X 0 0 0 William J Marrazzo Board Member 0.30 X 0 0 0 Michele Masucci PhD Board Member 1.00 X 0 0 0 William Mezzanotte Board Member (Eff 6/20) 0.30 X 0 0 0 David Pacitti Board Member 0.30 X 0 0 0 Aleister Saunders Board Member 0.30 X 0 0 0 Kathleen M Shay Board Member 1.00 X 0 0 0 Thomas J Todorow Board Member 0.30 X 0 0 0 Richard Vague Board Member 0.30 X 0 0 0 Tara L Weiner Board Member 1.00 X 0 0 0 2212387 645430 411240 23 0 1 0 Tracey Mechanical Inc 8 Campus Blvd Newtown Square PA 19073 Construction Services 833000 GDI Services Inc 780 5th Ave Ste 115 King of Prussia PA 19406 Janitorial Services 581661 Allied Universal Security Services 161 Washington St Ste 600 Conshohocken PA 19428 Security Services 278525 Limbach Company 175 Titus Ave Suite 100 Warrington PA 18976 Construction Services 220789 Herman Goldner Co Inc 7777 Brewster Ave Philadelphia PA 19153 Construction Services 155733 8 106545 447696 2734552 3288793 Rental Income From Exempt Purpose 532000 15569915 15569915 Business & Community Network 541900 174054 174054 Equity in Joint Venture Partnersh 531390 111350 111350 Science and Technology 541900 69600 69600 15924919 1712028 1712028 7158000 6408370 749630 749630 749630 31000 106545 20165 10835 10835 21686205 15924919 0 2472493 560454 560454 1921644 799401 886568 235675 2845205 1018372 1506145 320688 527803 221968 292911 12924 772302 304683 417129 50490 648824 264603 350192 34029 332141 332141 77013 1583 75430 124511 4279 120232 99038 99038 1126711 416558 710153 190394 28809 161585 452294 217417 234877 5894191 5360388 533803 21927 2517 19410 2007364 2006249 1115 3013341 2125197 888144 241339 156085 85254 Security 366909 366909 Other Taxes 173198 173198 Miscellaneous 77624 48685 28939 21474227 14409496 6410925 653806 3279978 3869009 4112761 1549261 1499614 1761234 80962 188202 47024031 24856605 49777959 22167426 13143212 14624682 5964468 5833751 5542930 5060325 9487335 39607540 92889219 94661430 2468131 5174813 1147293 1106155 44170972 42554620 100000 5605738 5446237 53392134 54381825 X 38928585 39507105 568500 772500 39497085 40279605 92889219 94661430 211978 570542 0 X X 0 1 X 1 0 X 1720575 1342285 5539084 1396074 3319793 13317811 21569431 22565755 21180764 15273167 15924919 96514036 23290006 23908040 26719848 16669241 19244712 109831847 0 12669187 13066628 15465991 8484790 9801107 59487703 12669187 13066628 15465991 8484790 9801107 59487703 50344144 90931 163963 193581 2759123 1712028 4919626 90931 163963 193581 2759123 1712028 4919626 23380937 24072003 26913429 19428364 20956740 114751473 0.43870 0.44470 0.04290 0.02710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 99038 99038 0 Part II-B, Line 1: The University City Science Center utilized the services of consultants to assist in the procurement of public sector funding to support its programs and capital projects. The consultants positioned UCSC to receive funding, primarily through direct grants. 294528 1488 62000 234016 272898 21630 294528 284915 -12017 272898 247385 37530 284915 239353 8032 247385 1.00000 0 0 5040230 5040230 33246880 20665270 12581610 5819015 4191335 1627680 2917906 2917906 22167426 Invested Cash 5600420 F Alternative Investments 233331 F 5833751 Investments - Program Related 5060325 F 5060325 Deferred Rent 645889 Other Deferred Costs, Net 617485 Planning and Development 253758 Due From Related Party 7873368 Asset Held for Sale 30217040 39607540 Deposits & Other Current Liabilities 460976 Deferred Rent 4977094 Deferred Fellowship Fund 8167 5446237 X Part V, Line 4: The Esther M. Klein Endowment Fund supports Klein Gallery (EKG) operations, in an effort to promote art and science to the surrounding Philadelphia community. Part X, Line 2: The Science Center is a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code, although its consolidated entities, the Park, PTI, PIV, and SCEC, are for profit entities which are subject to income taxes. Total federal and state income tax expense from the consolidated entities was $-0- and $1,400,000 for the years ended December 31, 2020 and 2019, respectively. U.S. GAAP requires management to evaluate tax positions taken and recognize a tax liability, if the Center has taken an uncertain tax position that more likely than not would not be sustained upon examination by a government authority. Management has analyzed the tax positions taken by the Center, and has concluded that as of December 31, 2020 or 2019, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the consolidated financial statements. The Center would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. There were no income tax related interest and penalties recorded for each of the years ended December 31, 2020 or 2019. Nucleus 137545 106545 31000 6748 5791 7626 137545 106545 31000 6748 5791 7626 20165 10835 1 Trustees of the University of Pennsylvania 3451 Walnut St Philadelphia PA 19104 231352685 501(c) (3) 100000 Proof of concept funding University of Delaware 220 Hullihen Hall Newark DE 19716 516000297 501(c) (3) 225000 Proof of concept funding Children's Hospital of Philadelphia 3550 Market St Philadelphia PA 19104 231352166 501(c) (3) 100000 Proof of concept funding University of Pittsburgh 500 Ross St pittsburgh PA 15262 250965591 501(c) (3) 125000 Proof of concept funding 4 Part I, Line 2: Grant award documentation and applicable laws are reviewed to ensure compliance with the terms and conditions of the award. In instances where the Science Center grants sub-awards, the Science Center reserves the right to request proof of expenditure as well as supporting documentation to substantiate expenses from the sub-recipient. Reporting requirements are coordinated with all appropriate organizational staff, with oversight provided by executive staff members. Upon termination of the award, all required close out materials are submitted. X 1 1 X X X X 0 1 0 0 0 0 0 0 0 Saul Behar VP & General Counsel, Secretary 277482 0 130603 0 1034 0 30069 0 32159 0 471347 0 0 0 Curtis Hess Senior VP Real Estate 57324 171972 39842 119525 0 0 7517 22552 5503 16508 110186 330557 0 0 Lorraine Lopresti CFO 154778 66334 77376 33161 0 0 21048 9021 7785 3336 260987 111852 0 0 Tracy Brala VP of Ecosystem Development 217045 0 93441 0 0 0 30069 0 31384 0 371939 0 0 0 Stephen T Zarrilli Board Member-Pres & CEO(Thru 3/20) 71353 0 73477 0 175000 0 30069 0 8002 0 357901 0 0 0 John Younger VP Science & Tech (Thru 9/20) 210363 0 41902 0 0 0 2249 0 2863 0 257377 0 0 0 Eamon Gallagher Director of Science & Technology 145092 0 18000 0 0 0 15145 0 30712 0 208949 0 0 0 Clayton Moravec Corporate Controller 65295 65295 8389 8389 0 0 6670 6670 11125 11125 91479 91479 0 0 Nicholas Hahn Director of IT 102533 34178 10344 3448 0 0 10061 3354 7798 2599 130736 43579 0 0 Karina Sotnik Director, Business Incubator 140979 0 13930 0 0 0 13721 0 1632 0 170262 0 0 0 Richard Southerland Director, Construction 0 130096 0 13032 0 0 0 12788 0 12604 0 168520 0 0 Part I, Line 1a The Science Center reimburses the President/CEO of the Center for dues paid for a social club membership used for business-related activities. Part I, Line 3 See Schedule O Narrative - Form 990, Part VI, Section B, Line 15. Part I, Line 4b Section 457(f) Deferred Compensation Plan - Accrued contributions applicable to officers, key employees, and highest compensated employees listed on Schedule J totaled $157,000 for the year ended December 31, 2020. The Plan was terminated in October 2020. The remaining assets were returned to the Science Center and distributed to the eligible participants. Form 990, Part III, Line 4a, Program Service Accomplishments Urban Research Park: In 1963 the Science Center was built on the foundation of real estate at a time when labs and research facilities were needed for cross disciplinary and cross-institutional collaborations. Our focus on providing researchers and entrepreneurs with the resources to advance the commercialization of their technologies hasn't changed over the last 60 years. The way we serve them has evolved with the changing needs of the ecosystem and now includes an integrated combination of physical space and programs to advance science and technology innovation. Today, the campus-like complex consists of six buildings spanning 888,000 square feet of office and laboratory space. These buildings are part of the larger uCity Square campus developed in partnership with Wexford Science + Technology and Ventas, Inc. uCity Square consists of 27 acres, 17 buildings, 200 companies and over 10,000 people. Form 990, Part III, Line 4b, Program Service Accomplishments Convene: Convene programs galvanize and amplify an inclusive innovation community. Quorum: Quorum serves as a central, neutral gathering space for the Greater Philadelphia's innovation community, offering a three-pronged approach to convening: a free 5,000 square foot drop-in lounge serving as an open workspace and informal meeting location; signature programming designed to connect innovators with the resources and people needed to grow their business; and a 10,000 square foot meeting facility available to rent. In 2020, Quorum attracted over 8,300 participants at in-person and virtual programs designed to continue connecting the community despite the pandemic. Since Quorum's inception in 2011, over 175,000 visitors have joined over 2,000 events on a wide array of business-related and personal topics. Venture Cafe Philadelphia: Part of the Venture Cafe Global Network in 10 cities around the world, Venture Cafe Philadelphia offers a place and content designed to connect with all the makers, doers and thought leaders across the region through unique content. The weekly events regularly draw a diverse group of guests, 44% of which were non-white and 51% of which are female. In 2020 Venture Cafe attracted over 7,000 participants through its mostly virtual Thursday Gatherings. Art: The Science Center uses the creative arts as a platform to explore relationships between art, science and technology. The Esther Klein Gallery exhibited the work of 64 artists from around the globe, in 2020 alone. And the BioArt Residency invites artists into the labs of uCity Square-based companies to explore the intersection of science and art and work alongside researchers. Volunteers: The Science Center has a wide network of volunteers enthusiastic to support our mission in a multitude of capacities. In 2020 the Science Center benefited from the time and expertise of close to 1,000 volunteers. Our commercialization programs engaged 100 business advisors, industry leaders, and experts to advise with startups, either one-on-one or in small groups. In 2020, our cultivation efforts through FirstHand and BULB (Building and Understanding Lab Basics) were aided by 68 STEM mentors from local biotechnology and life sciences companies who assisted in hands-on experiments and helped design curricula or served as BULB selection team members or mentors to BULB participants. Our convening efforts engaged 816 experts and thought leaders who presented at Quorum and Venture Cafe events in 2020. Venture Cafe also boasted 44 ambassadors who coordinated the various Thursday Gathering formats ensuring the in-person and online sessions ran efficiently. Form 990, Part III, Line 4c, Program Service Accomplishments Commercialization: Science Center commercialization activities are designed to offer startups the right help at the right time to accelerate and scale healthcare and tech businesses. In 2020, the Science Center supported 94 startups and invested $600,000. Those startups went on to raise over $43 million in follow-on funds and create over 60 jobs. 45% of the startups were minority founded, 55% had a foreign-born founder, and 33% were led by female founders. QED Proof-of-Concept Program: The QED Program solicits life science R&D project proposals from leading research centers across PA, NJ, and DE. The key goal of the program is to retire the business risk in these early-stage projects, increasing their attractiveness to follow-on investment by life science companies and private investors. In 2020, the Science Center supported 15 projects through the QED program with three projects receiving a total of $600,000 in funding which is provided equally from the Science Center and the finalist's host institution. Since its inception in 2009, the QED program has provided development services for over 150 academic researchers with over $8 million invested in 44 projects. Fourteen startups or licensing deals have resulted. ic@3401: ic@3401 is a vetted community of startups, experts, investors, and resources designed to help early-stage businesses scale. Located at the intersection of academic, business and civic interests and serving as the hub for all Science Center commercialization activity, ic@3401 helps tech and tech-enables startups pilot prototypes, get first revenue, establish corporate partnerships, hire talent, and raise capital. Since 2016 more than 70 ic@3401 member companies have raised over $80 million. ic@3401 boasted 72 members companies in 2020. Thirty-one of those companies raised more than $22 million, and launched 16 new products. Launch Lane Accelerator: The Launch Lane Accelerator (fka Digital Health Accelerator) supports tech-enable startups with a prototype and ready to transition to sales. Launch Lane utilizes an anonymous application method designed to debias the selection process that has resulted in over 50% of participants being women or minority founded. Launch Lane participants receive funding, mentorship, introductions, and workspace at ic@3401. In 2020, the Science Center ran a Launch Lane cohort, investing $300,000 in seven startups. Those companies went on to raise close to $2 million in follow-on funding. A total of 35 companies have gone through the Launch Lane accelerator since 2015, generating $50 million in revenue, raising over $300 million in follow-on funding and creating 300 jobs. Global Soft Landing: Our Global Soft Landing Program enable companies to form meaningful relationships with stakeholders and establish a presence in domestic and international life sciences and technology markets. In 2020, 21 companies representing nine countries participated in four Global Soft Landing bootcamps. Sourcing Innovation: The Science Center connects industry and government to researchers through a mechanism that channels research partnership funds in exchange for an opportunity to license or partner with the researchers behind high-value technologies. Examples include the Science Center's participation in the DRIVe Accelerator Network, an initiative of the US Department of Health and Human Services' Biomedical Advanced Research and Development Authority (BARDA) that seeks to identify the most innovative products and technologies to protect Americans from the most serious systemic, natural and intentional health security threats. Form 990, Part VI, Section A, line 6 The ownership of shares of the corporation is restricted to organizations qualified for exemption from federal income taxes under section 501(c)(3) of the Internal Revenue Code. Form 990, Part VI, Section A, line 7a Annual Stockholder Meetings: In conjunction with each annual election of directors, the board of directors meets for the purpose of organization, election of a chairman of the Board and other officers, and the transaction of other business at the office of the corporation. Form 990, Part VI, Section B, line 11b The completed 990 is presented for review and discussion by the audit committee, and is subsequently made available to the entire board of directors. Form 990, Part VI, Section B, line 12c Each Board Member and Executive employee is required to annually sign a conflict of interest disclosure form, indicating that he/she understands the policy and will alert the Organization should a conflict occur. This process is overseen by the Science Center's general counsel. Form 990, Part VI, Section B, line 15 The Board hired Sullivan Cotter in September 2017 to review CEO and executive compensation and provide benchmark information on salary and incentive compensation. An array of 501(c)(3) and for-profit benchmarks were included in the study in order to compare entities and their compensation structures that represented business and service operations of a comparable nature. The findings from the study were and have been incorporated into annual review and compensation planning for the CEO and his team. The executive committee of the Board of Directors annually reviews management compensation and approves all changes. In 2021, an updated executive compensation study was completed. Form 990, Part VI, Section C, line 19 A person requesting a copy of the governing documents etc. places his / her request with the secretary of the University City Science Center. Upon receipt of the request, the requested information is made available to the interested party. Form 990, Part XII, Line 2c There has been no change during the current period by the Science Center in the audit oversight or independent auditor selection process. 3701 University City Science Center Associates LLC 3711 Market Street Suite 800 Philadelphia PA 19104 233040121 Commercial Real Estate Property Ownership and Rental PA University City Science Center Whaley Partners LP 3711 Market Street 8th Floor Philadelphia PA 19104 208824011 Investment PA University City Science Center Related 138683 0 0 0.80070 Phase I Ventures LLC 3711 Market Street Suite 800 Philadelphia PA 19104 474150042 Technology Accelerator PA University City Science Center Related 26155 1157818 0 1 0.51200 3701 University City Science Center Associates LP 3675 Market Street Suite 400 Philadelphia PA 19104 233040122 Commercial RE and Property Ownership and Rental PA University City Science Center Related 15366 335547 0 0 0.99000 Port of Technology Inc 3711 Market Street Suite 800 Philadelphia PA 19104 233054794 Incubator Startup Support PA University City Science Center C -2067 372058 1.00000 0 Research Park Inc 3711 Market Street Suite 800 Philadelphia PA 19104 232671100 Services - Real Estate Mgmt PA University City Science Center C 20951 388535 1.00000 0 SCEC Ventures Inc 3711 Market Street Suite 800 Philadelphia PA 19104 474043064 Property Development PA University City Science Center C -495450 2758600 1.00000 0 3701 Limited Partnership GP I Inc 3711 Market Street Suite 800 Philadelphia PA 19104 562383457 Investment PA University City Science Center 1521230 33219158 1.00000 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 Research Park Inc M 321826 Research Park Inc - Net Intercompany Change P 68622 Research Park Inc J 304482 SCEC Ventures Inc - Net Intercompany Change P 15581 Port of Technology Inc - Net Intercompany Change P 8198089