2020-09-28T07:27:38-05:00 2019-12-31 131639826 EisnerAmper LLP 130 North 18th Street Suite 3000 Philadelphia PA 191032757 990 2019-01-01 231645908 University City Science Center UNIV 2159666000 3675 Market Street Suite 400 Philadelphia PA 19104 Curtis Hess Interim CEO 2159666000 2020-09-23 1 HELEN M MARTIN P01330899 2158818800 64.238.150.4 2020-09-23 11:20:08 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 0EDE4F5BE59FB99924CAAEE7408372872BC47088 2019 2021-01-29 14:40:06Z Curtis Hess 3675 Market Street Suite 400 Philadelphia PA 19104 25317476 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. 22 21 92 70 0 0 5539084 1396074 21180764 15273167 19279101 2757328 500000 1795 46498949 19428364 520199 300000 0 0 5618647 6283249 0 0 694714 21500101 15350858 27638947 21934107 18860002 -2505743 97026058 92889219 55614812 53392134 41411246 39497085 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 995902 300000 883306 Science and TechnologySee Detail Schedule O Narrative 2171415 305204 Business and CommunitySee Detail Schedule O Narrative 11290554 14084657 Urban Research ParkSee Detail Schedule O Narrative 14457871 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 1 168 0 1 92 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 21 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 PA NJ NY MD CA MA FL GA DC X Lorraine LoPresti CFO 2159666000 3675 Market Street Suite 400 Philadelphia PA 19104 Saul Behar SVP Advancement & Strategic Initiatives, Secretary 40.00 X 371627 0 56553 Stephen T Zarrilli President & CEO 40.00 X X 348391 0 33861 Curtis Hess Senior VP Real Estate 10.00 30.00 X 310954 0 49329 Lorraine LoPresti CFO 20.00 20.00 X 298139 0 38805 Tracy Brala VP of Ecosystem Development 40.00 X 238840 0 37574 Jeffery Andrews Senior Property Manager 0.00 40.00 X 174980 0 18953 Eamon Gallagher Director of Science & Technology 40.00 X 143583 0 39691 Clayton Moravec Corporate Controller 20.00 20.00 X 141591 0 30452 Karina Sotnik Director, Business Incubator 40.00 X 149916 0 15419 Hahn Nicholas Director of IT 30.00 10.00 X 146260 0 18335 Michael A DiPiano Vice Chair (Thru 7/19) Board Chair (Eff 7/19) 1.00 X X 0 0 0 Craig R Carnaroli Board Chair (Thru 7/19) Vice Chair (Eff 7/19) 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 M Brian Blake PhD Board Member (Thru 10/19) 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 Ernest J Dianastasis Board Member 0.30 X 0 0 0 Pat Harker Board Member (Eff 6/19) 0.30 X 0 0 0 Osagie Imasogie Board Member 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 Keith A Orris Board Member (Thru 7/19) 0.30 X 0 0 0 David Pacitti Board Member 0.30 X 0 0 0 Aleister Saunders Board Member (Eff 9/19) 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 2324281 0 338972 20 0 1 0 The Sullivan Company 2 La Grande Ave Essington PA 19029 Construction Services 857805 GDI Services Inc 780 5th Ave Ste 115 King of Prussia PA 19406 Janitorial Services 644786 Belcher Roofing Corp 111 Commerce Dr Montgomeryville PA 18936 Construction Services 563727 Allied Universal Security Services 161 Washington St Ste 600 Conshohocken PA 19428 Security Services 286377 EisnerAmper LLP 130 North 18th St Ste 3000 Philadelphia PA 19103 Accounting & Tax Services 131199 11 101575 506622 787877 1396074 Rental Income From Exempt Purpose 532000 14084657 14084657 Equity in Joint Venture Partnersh 531390 809268 809268 Business & Community Network 541900 305204 305204 Incubator Operations 541900 46233 46233 Science and Technology 541900 27805 27805 15273167 2646010 2646010 5965000 5853682 111318 111318 111318 37225 101575 35430 1795 1795 19428364 15273167 0 2759123 300000 300000 1443302 566160 877142 3557313 1322202 1670976 564135 391962 153398 208981 29583 429932 147277 219618 63037 460740 179157 243624 37959 342719 342719 80878 16520 64358 136199 5267 130932 92359 92359 1060953 359894 701059 247114 55840 191274 616540 265768 350772 5886328 5009801 876527 54031 31533 22498 1963999 1963999 3832485 2826473 1006012 255899 144566 111333 Security 379694 379611 83 Other Taxes 191087 189295 1792 Bad Debts 111089 111089 Miscellaneous 99484 87302 12182 21934107 14457871 6781522 694714 16268057 3279978 3059386 4112761 4583772 1499614 184049 80962 87463904 37685945 51306555 49777959 4542137 13143212 918366 5964468 6508958 5542930 9654778 9487335 97026058 92889219 4411802 2468131 347823 1147293 45237332 44170972 5617855 5605738 55614812 53392134 X 40214496 38928585 1196750 568500 41411246 39497085 97026058 92889219 -2505743 591582 0 X X 0 1 X 1 0 X 4605546 1720575 1342285 5539084 1396074 14603564 22673873 21569431 22565755 21180764 15273167 103262990 27279419 23290006 23908040 26719848 16669241 117866554 0 13158257 12669187 13066628 15465991 8484790 62844853 13158257 12669187 13066628 15465991 8484790 62844853 55021701 146048 90931 163963 193581 2759123 3353646 146048 90931 163963 193581 2759123 3353646 1000000 500000 500000 500000 2500000 28425467 23880937 24572003 27413429 19428364 123720200 0.44470 0.45820 0.02710 0.00580 X Schedule A, Part III, Line 12, Explanation of Other Income: Capital Contribution To Phase 1 Ventures - 2015 Amount: $ 1,000,000. 2016 Amount: $ 500,000. 2017 Amount: $ 500,000. 2018 Amount: $ 500,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 92359 92359 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. 272898 21630 294528 284915 -12017 272898 247385 37530 284915 239353 8032 247385 234167 5186 239353 1.00000 0 0 5040230 5040230 76425902 33874351 42551551 5793430 3811594 1981836 204342 204342 49777959 Other Securities 5964468 F 5964468 Investments - Program Related 5542930 F 5542930 Deferred Rent 1003040 Other Deferred Costs, Net 333762 Planning and Development 366211 Due From Related Party 7784322 9487335 Deposits & Other Current Liabilities 159029 Deferred Rent 5438542 Deferred Fellowship Fund 8167 5605738 X Part V, Line 4: The Esther M. Klein Endowment Fund supports Klein Gallery (EKG) operations through STEAM programming, 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 $1,400,000 and $-0- for the years ended December 31, 2019 and 2018, 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, 2019 or 2018, 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, 2019 or 2018. Nucleus 138800 101575 37225 20274 748 14408 138800 101575 37225 20274 748 14408 35430 1795 1 Temple University 1938 Liacoura Walk Philadelphia PA 19122 231365971 501(c) (3) 75000 Proof of concept funding Trustees of the University of Pennsylvania 3451 Walnut St Philadelphia PA 19104 231352685 501(c) (3) 75000 Proof of concept funding University of Delaware 220 Hullihen Hall Newark DE 19716 516000297 501(c) (3) 75000 Proof of concept funding Children's Hospital of Philadelphia 3550 Market St Philadelphia PA 19104 231352166 501(c) (3) 75000 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 SVP Advancement & Strategic Initiati 270765 0 100862 0 0 0 29613 0 26940 0 428180 0 0 0 Stephen T Zarrilli President & CEO 286516 0 29375 0 32500 0 6525 0 27336 0 382252 0 0 0 Curtis Hess Senior VP Real Estate 212449 0 98505 0 0 0 29613 0 19716 0 360283 0 0 0 Lorraine LoPresti CFO 214512 0 83627 0 0 0 29613 0 9192 0 336944 0 0 0 Tracy Brala VP of Ecosystem Development 197553 0 41287 0 0 0 10430 0 27144 0 276414 0 0 0 Jeffery Andrews Senior Property Manager 158987 0 15993 0 0 0 17011 0 1942 0 193933 0 0 0 Eamon Gallagher Director of Science & Technology 119583 0 24000 0 0 0 13243 0 26448 0 183274 0 0 0 Clayton Moravec Corporate Controller 125871 0 15720 0 0 0 13004 0 17448 0 172043 0 0 0 Karina Sotnik Director, Business Incubator 136392 0 13524 0 0 0 14003 0 1416 0 165335 0 0 0 Hahn Nicholas Director of IT 132870 0 13390 0 0 0 9239 0 9096 0 164595 0 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 $66,000 for the year ended December 31, 2019. Form 990, Part III, Line 4a, Program Service Accomplishments: SCIENCE AND TECHNOLOGY COMMERCIALIZATION programs that identify, accelerate and invest in technologies and founders domestically and globally: QED Proof-of-Concept Program: The QED Program provides funding and business development support for academic researchers developing early-stage life science and healthcare technologies with high commercial potential. A common participation agreement that defines matching funds, indirect costs, and intellectual property management, has been signed by 22 universities and research institutions in Pennsylvania, New Jersey, and Delaware. ic@3401: Offering coworking incubation, ic@3401 is Philadelphia's largest community of funded, early-stage, startups. Designed in partnership with Drexel University, ic@3401 is a vetted community of experts, investors, and resources designed to help ideas become thriving businesses. Digital Health Accelerator: The Digital Health Accelerator helps companies developing healthcare products with a digital component transition from a prototype to sales and customer acquisition. The accelerator utilizes a blind application process to de-bias the selection process. As a result, over half of its participants have been women or minority led. Participants in the accelerator receive funding, mentorship, introductions and workspace at ic@3401. Launch Lane Accelerator: Launched in late 2019, the Launch Lane Accelerator builds off the successful Digital Health Accelerator model to support tech-enabled startups with a prototype to transition to sales. Launch Lane utilizes the Digital Health Accelerator's blind application process. Participants in the accelerator receive funding, mentorship, introductions and workspace at ic@3401. Global Soft Landing: Our Global Soft Landing Programs enable companies to form meaningful relationships with stakeholders and establish a presence in domestic and international life sciences and technology markets. 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 III, Line 4b, Program Service Accomplishments: BUSINESS AND COMMUNITY CULTIVATE programs in which we nurture a 21st century STEM workforce: 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 for the more than 400 middle and high school students participating in programming annually. Workforce Development: The Science Center's Workforce Development program seeks to connect local residents to jobs at science and technology 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. CONVENE programs in which we galvanize and amplify an inclusive innovation community: Quorum Quorum serves as a central, neutral gathering space for the Greater Philadelphia Region's innovation community. Quorum offers 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 or pursue an idea; and a 10,000 square foot meeting facility available to rent. Venture Cafe Philadelphia: Part of the Venture Cafe Global Network in 10 cities around the world, Venture Cafe Philadelphia is a place to connect with all the makers, doers and thought leaders across the region. Through its Thursday gatherings, Venture Cafe Philadelphia programming complements Quorum's offerings with a menu of offerings that regularly attracts over 300 attendees each week. Art: The Science Center uses the creative arts as a platform to explore relationships between art, science and technology. The Esther Klein Gallery exhibits the work of artists from around the globe. The Science Center's BioArt Residency invites artists into the labs of uCity Square-based companies to explore the intersection of science and art and work alongside researchers. Form 990, Part III, Line 4c, Program Service Accomplishments: URBAN RESEARCH PARK The Science Center was originally developed in 1963 for the purpose of developing and operating an urban research park. Today, the campus-like complex consists of six buildings spanning 888,000 square feet of office and laboratory space. These buildings house scientists, technologists and entrepreneurs innovating to create a better tomorrow. 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 exempt 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. 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 288105 1124189 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 14803 331709 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 -116477 373630 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 321257 336931 1.00000 0 SCEC Ventures Inc 3711 Market Street Suite 800 Philadelphia PA 19104 474043064 Property Development PA University City Science Center C 2720810 3512777 1.00000 0 3701 Limited Partnership GP I Inc 3711 Market Street Suite 800 Philadelphia PA 19104 562383457 Investment PA University City Science Center 1465470 32839145 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 332404 Research Park Inc - Net Intercompany Change P 410894 Research Park Inc J 281267 SCEC Ventures Inc - Net Intercompany Change P -390522 Port of Technology Inc - Net Intercompany Change P 925608