2019-03-29T14:58:05-05:00 2018-06-30 560574444 CHERRY BEKAERT LLP 110 EAST COURT STREET SUITE 500 GREENVILLE SC 29601 990 2017-07-01 570750000 CLEMSON UNIVERSITY RESEARCH FOUNDATION CLEM 8646560925 PO BOX 946 CLEMSON SC 296330946 CHARLES TEGEN TREASURER 8646560925 2019-03-11 1 AMANDA ADAMS P00748038 8642333981 40.135.62.190 2019-03-11 11:14:09 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 3A4BF1219698F5D6C2B7A21C22F2D88322611E38 2017 2019-02-21 02:37:17Z CHARLES TEGEN 391 COLLEGE AVE SUITE 401 CLEMSON SC 29631 1923604 0 X WWW.CLEMSON.EDU/CURF X 1982 SC TO SUPPORT RESEARCH, TECHNOLOGY TRANSFER, AND RELATED ACTIVITIES AT AND FOR THE BENEFIT OF CLEMSON UNIVERSITY. TO GENERATE RESEARCH FUNDING OPPORTUNITIES FOR CLEMSON UNIVERSITY TO SUPPORT RESEARCH INITIATIVES THAT ADVANCE UNIVERSITY DISCOVERIES TO CREATE NEW PRODUCTS AND SERVICES FOR PUBLIC USE AND BENEFIT. 13 7 0 7 0 0 1419265 536863 799378 983675 67891 69533 420048 333533 2706582 1923604 779119 392763 0 0 0 0 0 0 0 1916258 1441150 2695377 1833913 11205 89691 11189307 11273030 386489 380521 10802818 10892509 TO GENERATE RESEARCH FUNDING OPPORTUNITIES FOR CLEMSON UNIVERSITY TO SUPPORT RESEARCH INITIATIVES THAT ADVANCE UNIVERSITY DISCOVERIES TO CREATE NEW PRODUCTS AND SERVICES FOR PUBLIC USE AND BENEFIT. 0 0 1200924 392763 1317208 RESEARCH GRANT MONEY IS RECEIVED FROM VARIOUS ORGANIZATIONS AND IS SUB-AWARDED TO CLEMSON UNIVERSITY FOR PERFORMANCE OF THE RESEARCH; TO SERVE CLEMSON UNIVERSITY AS A PRIMARY ADMINISTRATOR OF TECHNOLOGY TRANSFER AND COMMERCIALIZATION OF INTELLECTUAL PROPERTY ORIGINATING OUT OF CLEMSON UNIVERSITY.CULR LLC, (DISREGARDED ENTITY) A SUBSIDIARY OF CURF, PROVIDES ACCESS FOR THE UNIVERSITY, ITS RELATED ORGANIZATIONS AND OTHER ENTITIES TO NATIONAL RESEARCH AND EDUCATION NETWORKS USING SCALABLE HIGH SPEED FACILITIES BASED NETWORKS. 1200924 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 X 48 0 1 0 0 0 0 0 0 0 0 0 0 0 X 13 7 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 SC X G CLINT CARLSON II DIRECTOR OF FINANCE 8646560925 108 PERIMETER RD CLEMSON SC 296345306 GEORGE ACKER DIRECTOR - CHAIR 1.00 0.00 X X 0 0 0 TANJU KARANFIL DIRECTOR - VICE CHAIR 1.00 36.50 X X 0 282093 29102 STAN AHALT DIRECTOR 1.00 0.00 X 0 0 0 GEORGE ASKEW DIRECTOR 1.00 36.50 X 0 301655 68479 JOE BAILEY DIRECTOR 1.00 0.00 X 0 0 0 ANDREW B CAJKA DIRECTOR 1.00 0.00 X 0 0 0 CHRISTIE CORBETT DIRECTOR 1.00 0.00 X 0 0 0 BRETT A DALTON DIRECTOR 1.00 36.50 X 0 360794 71685 ANAND GRAMOPADHYE DIRECTOR 1.00 36.50 X 0 298714 28204 DENNIS KEKAS DIRECTOR 1.00 0.00 X 0 0 0 MARTINE LABERGE DIRECTOR 1.00 36.50 X 0 273415 25174 FRANK LANDGRAFF DIRECTOR 1.00 0.00 X 0 0 0 CINDY LEE DIRECTOR 1.00 36.50 X 0 180119 18080 AUGUST C GESSWEIN EXECUTIVE DIR.-NON-VOTING 1.00 36.50 X 0 145740 27129 CHARLES TEGEN TREASURER - NON-VOTING 1.00 36.50 X 0 117172 29957 0 1959702 297810 0 0 1 0 0 536863 536863 PAYMENT FOR SERVICES-C 541700 295000 295000 COMPUTER SERVICE FEES 541700 251240 251240 MANAGEMENT FEES AND RE 541700 165390 165390 PROGRAM & ACTIVITIES R 541700 161080 161080 MAINTENANCE FEES 541700 68319 68319 42646 42646 983675 69533 69533 333533 333533 1923604 1317208 0 69533 X 392763 392763 241430 1318 240112 290446 290446 2500 2500 44084 12046 32038 244645 244645 20173 20173 3660 3660 4604 4604 142395 123462 18933 25617 5094 20523 CU PROGRAM COSTS 232296 232296 CURF PROGRAM COSTS 151210 151210 INDIRECT COST RECOVERY 38090 38090 1833913 1200924 632989 0 8652901 8860060 387407 498611 343750 240625 140547 151427 2610036 1918133 710836 691903 26496 26496 927370 803908 11189307 11273030 303441 378521 83048 0 2000 386489 380521 X 7177891 7264307 3624927 3628202 10802818 10892509 11189307 11273030 89691 0 X X 0 1 X 1 0 X X 1 CLEMSON UNIVERSITY 576000254 6 1 392763 0 1 392763 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X SCH A, PART IV, SECTION D, LINE 3 THE VOTING DIRECTORS AFFILIATED WITH THE SUPPORTED ORGANIZATION EXERCISE THEIR DIRECTOR RIGHTS TO PARTICIPATE IN BOARD DISCUSSIONS AND VOTING INVOLVING POLICIES AND THE USE OF THE SUPPORTING ORGANIZATION'S ASSETS IN FULFILLING ITS PURPOSE. PART IV, SECTION E, LINE 1C: CURF SUPPORTS THE GENERATION AND COMMERCIALIZATION OF INTELLECTUAL PROPERTY OF CLEMSON UNIVERSITY THROUGH SUPPORT OF RESEARCH, TECHNOLOGY TRANSFER, AND LICENSING ADMINISTRATION. 530972 530972 2079064 1918133 160931 691903 DUE TO OTHERS 2000 2000 X 1923604 0 1923604 0 1923604 1833913 0 1833913 0 1833913 PART X, LINE 2: THE FOUNDATION IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM INCOME TAX ON RELATED INCOME UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (THE "CODE") AND DESCRIBED AS AN ORGANIZATION IN SECTION 501(C)(3) OF THE CODE, ACCORDINGLY, ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 513 OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. THE FOUNDATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE FOUNDATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THAT THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2018 AND 2017 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. 1 CLEMSON UNIVERSITY ADMIN SERVICES BLDG 108 PERIMETER RD CLEMSON SC 296345306 576000254 170(C)(1) 392763 SPONSORED AND NON-SPONSORED RESEARCH OPERATIONS 1 0 BOOK PART I, LINE 2: GRANT FUND EXPENDITURES ARE REVIEWED BY A PRINCIPAL INVESTIGATOR (PI) FOR COMPLIANCE WITH THE TERMS OF THE GRANT, AND TO ENSURE THEY ARE REASONABLE AND ALLOWABLE. PIS CERTIFY THAT ALL SALARY AND FRINGE BENEFIT CHARGES ARE ACCURATE. A SAMPLE OF EXPENDITURES IS FURTHER REVIEWED BY THE ORGANIZATION. THE ORGANIZATION MONITORS ALL BUDGETS AND EXPENDITURES TO ENSURE THAT THEY OCCUR ONLY IN BUDGETED CATEGORIES. THE ORGANIZATION OBTAINS A COPY OF A-133 AUDIT OF ALL SUB-RECIPIENTS, AND IF THERE ARE ANY FINDINGS, TAKES APPROPRIATE ACTION. 0 0 0 0 0 0 0 0 0 TANJU KARANFIL DIRECTOR - VICE CHAIR 0 273495 0 7500 0 1098 0 13500 0 15602 0 311195 0 0 GEORGE ASKEW DIRECTOR 0 288861 0 12500 0 294 0 53100 0 15379 0 370134 0 0 BRETT A DALTON DIRECTOR 0 360463 0 0 0 331 0 65149 0 6536 0 432479 0 0 ANAND GRAMOPADHYE DIRECTOR 0 294012 0 2500 0 2202 0 15007 0 13197 0 326918 0 0 MARTINE LABERGE DIRECTOR 0 203513 0 3000 0 66902 0 13647 0 11527 0 298589 0 0 CINDY LEE DIRECTOR 0 146753 0 0 0 33366 0 9108 0 8972 0 198199 0 0 AUGUST C GESSWEIN EXECUTIVE DIR.-NON-VOTING 0 141590 0 2500 0 1650 0 7510 0 19619 0 172869 0 0 SCH J, PART I, LINE 3: COMPENSATION OF THE EXECUTIVE DIRECTOR - THE CURF BOARD OVERSEES THE EXECUTIVE DIRECTOR. COMPENSATION OF THE EXECUTIVE DIRECTOR, THE TREASURER AND THE STAFF OF CURF IS DETERMINED THROUGH THE CLEMSON UNIVERSITY HUMAN RESOURCES DEPARTMENT SUBJECT TO AND WITHIN THE GUIDELINES ESTABLISHED BY THE STATE OF SOUTH CAROLINA AND APPLICABLE SC LAW, WHICH IS CONSISTENT WITH A STANDARD OF REASONABLENESS AND COMPARABLE COMPENSATION IN THE MARKET. THE FOLLOWING VOTING DIRECTORS OF CURF ARE EMPLOYEES OF CLEMSON UNIVERSITY: GEORGE ASKEW BRETT A DALTON ANAND GRAMOPADHYE TANJU KARANFIL MARTINE LABERGE CINDY LEE THE FOLLOWING OFFICERS OF CURF ARE EMPLOYEES OF CLEMSON UNIVERSITY: AUGUST C GESSWEIN TANJU KARANFIL CHARLES TEGEN OMNIBOND SYSTEMS LLC OWNED BY FORMER DIRECTOR 149093 JAMES BOTTUM, WHO SERVED AS THE CHIEF INFORMATION OFFICER AT CLEMSON UNIVERSITY UNTIL JULY 2016, BECAME AN OWNER IN OMNIBOND SYSTEMS, LLC IN OR AROUND 2006. MR. BOTTUM SERVED ON THE CURF BOARD OF DIRECTORS FROM JUNE 2007 - JULY 2012. OMNIBOND SYSTEMS IS A START-UP COMPANY FORMED IN 1999 BY INDIVIDUALS WORKING AT CLEMSON UNIVERSITY, WHO CREATED CERTAIN SOFTWARE OWNED BY CLEMSON AND ASSIGNED TO CURF. PURSUANT TO A LICENSE AGREEMENT EXECUTED ON MAY 31, 1999, OMNIBOND SYSTEMS LICENSED THE SOFTWARE FROM CURF TO COMMERCIALIZE IN THE PUBLIC MARKET AND REMIT ROYALTIES BACK TO CURF. MR. BOTTUM WAS NOT AN OWNER IN OMNIBOND SYSTEMS WHEN THE LICENSE AGREEMENT WAS PUT IN PLACE IN 1999. ON MARCH 1, 2016, OMNIBOND SYSTEMS PURCHASED THE INTELLECTUAL PROPERTY OWNERSHIP AND UNDERLYING RIGHTS OF CURF LICENSED UNDER THE LICENSE AGREEMENT, AND THE LICENSE AGREEMENT WAS TERMINATED. SCHEDULED PAYMENTS TOWARD THE PURCHASE PRICE ARE TO BE MADE UNTIL PAID IN FULL ON OR BEFORE DECEMBER 31, 2019. 0 FORM 990, PART V, LINES 7G AND 7H: THERE WERE NO CONTRIBUTIONS RECEIVED WHICH WOULD HAVE REQUIRED THE ORGANIZATION TO FILE EITHER FORM 8899 OR 1098-C. FORM 990, PART VI, SECTION A, LINE 7A CERTAIN BOARD MEMBERS ARE SPECIFIED BY THEIR POSITIONS IN CLEMSON UNIVERSITY. OTHER BOARD MEMBERS ARE ELECTED BY THE CURRENT BODY OF BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND A COPY IS PROVIDED TO THE AUDIT COMMITTEE AND SENT TO THE BOARD MEMBERS PRIOR TO THE FILING DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND KEY EMPLOYEES ARE REQUIRED TO ACKNOWLEDGE RECEIPT OF THE CONFLICT OF INTEREST POLICY ANNUALLY. ANY DIRECTOR OR OFFICER SHALL DECLARE HIMSELF/HERSELF AS "ABSTAINING" FROM VOTING ON ANY MATTER IN WHICH SAID DIRECTOR OR OFFICER MAY BE CONSIDERED TO HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 CLEMSON UNIVERSITY RESEARCH FOUNDATION HAS NO EMPLOYEES. COMPENSATION OF THE OFFICERS IS FOR WORK PERFORMED AS EMPLOYEES OF CLEMSON UNIVERSITY. THIS COMPENSATION IS DETERMINED THROUGH THE UNIVERSITY HUMAN RESOURCE DEPARTMENT WITHIN THE GUIDELINES ESTABLISHED BY THE STATE OF SOUTH CAROLINA. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC ON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 37,250. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 37,250. CONTRACT FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 121,814. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 121,814. OTHER SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 205. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 205. PATENT FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 131,177. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 131,177. PART XII, LINE 2C CLEMSON UNIVERSITY RESEARCH FOUNDATION (CURF) PARTICIPATES IN A COMBINED RFP PROCESS FOR AUDIT SERVICES FOR ALL RELATED ORGANIZATIONS. THERE IS NO REQUIREMENT FOR EACH ORGANIZATION TO USE THE SAME AUDITOR BUT THE ORGANIZATIONS HAVE CHOSEN TO COLLECTIVELY SEEK COORDINATED SERVICES FROM THE SAME AUDITOR. AT LEAST ONE BOARD MEMBER REPRESENTATIVE FROM EACH ORGANIZATION IS PART OF THE TEAM IN SELECTING AN AUDITOR. THE CURF AUDIT COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE COMPLIANCE AND FINANCIAL AUDIT. CULR LLC P O BOX 389 CLEMSON SC 29633 208727594 LEASING AGENT AND INFORMATION TECHNOLOGY SERVICE PROVIDER SC 251567 1185115 CURF CLEMSON UNIVERSITY ADMIN SERVICES BLDG 108 PERIMETER R CLEMSON SC 29634 576000254 RESEARCH UNIVERSITY SC 170(C)(1) N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 CLEMSON UNIVERSITY B 392763 AUDITED FINANCIAL REPORT CLEMSON UNIVERSITY P 77249 AUDITED FINANCIAL REPORT CLEMSON UNIVERSITY L 295000 AUDITED FINANCIAL REPORT