ASU ENTERPRISE PARTNERS: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- ASU ENTERPRISE PARTNERS (EIN 47-5599177)
- Tax period
- 2017-07-01 to 2018-06-30
- Filed
- 2018-11-15
- IRS object ID
- 201813199349317776
- Schema version
- 2017v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule K
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-11-15T17:04:21-06:00 | ReturnTs |
| Tax Period End | 2018-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Grant Thornton LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 757 THIRD AVE 2ND FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100172013 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 475599177 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ASU Enterprise Partners | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % VIRGINIA E DESANTO | InCareOfNm |
| Business Name Control | ASUE | BusinessNameControlTxt |
| Phone | 4809653759 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 2260 | AddressLine1Txt |
| City | Tempe | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 852802260 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | VIRGINIA E DESANTO | PersonNm |
| Person Title | CFO and Treasurer | PersonTitleTxt |
| Phone | 4809651791 | PhoneNum |
| Signature | 2018-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DANIEL ROMANO | PreparerPersonNm |
| PTIN | P00504182 | PTIN |
| Phone | 2125990100 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 209.220.136.124 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 95361120183195000034 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2018-11-15 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | AA918D8483008E32154F6CC583B06457B9AF9E42 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | AA918D8483008E32154F6CC583B06457B9AF9E42 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | RF Shangraw Jr | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 2260 | AddressLine1Txt |
| City | Tempe | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85281 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $49,662,944 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.asuenterprisepartners.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2015 | FormationYr |
| Legal Domicile State | AZ | LegalDomicileStateCd |
| Activity Or Mission | To advance the success of Arizona State University as a New American University. | ActivityOrMissionDesc |
| Voting Members Governing Body | 18 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 16 | VotingMembersIndependentCnt |
| Total Employee | 146 | TotalEmployeeCnt |
| Total Volunteers | 18 | TotalVolunteersCnt |
| Total Gross UBI | $121,823 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$1,248,470 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $21,360,402 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,239,000 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $2,796,890 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $4,511,752 | CYProgramServiceRevenueAmt |
| PY Investment Income | $985,552 | PYInvestmentIncomeAmt |
| CY Investment Income | $6,846,322 | CYInvestmentIncomeAmt |
| PY Other Revenue | $15,798,480 | PYOtherRevenueAmt |
| CY Other Revenue | $16,695,599 | CYOtherRevenueAmt |
| PY Total Revenue | $40,941,324 | PYTotalRevenueAmt |
| CY Total Revenue | $29,292,673 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $380,647 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $910,886 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $10,465,651 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,419,970 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $62,230 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $14,451,877 | PYOtherExpensesAmt |
| CY Other Expenses | $13,689,072 | CYOtherExpensesAmt |
| PY Total Expenses | $25,360,405 | PYTotalExpensesAmt |
| CY Total Expenses | $17,019,928 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $15,580,919 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $12,272,745 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $193,940,955 | TotalAssetsBOYAmt |
| Total Assets EOY | $172,397,693 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $122,050,780 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $120,523,746 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $71,890,175 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $51,873,947 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO ADVANCE THE SUCCESS OF ARIZONA STATE UNIVERSITY AS A NEW AMERICAN UNIVERSITY. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $10,442,002 | ExpenseAmt |
| Grant | $543,100 | GrantAmt |
| Revenue | $1,698,294 | RevenueAmt |
| Desc | ASU Enterprise Partners ("EP") through its subsidiary Skysong Innovations works with ASU faculty, postdocs, and students to translate their research innovations into commercial applications. To date, more than 125 startups have been launched based on ASU innovations, attracting more than $700 million in funding from outside investors, generating substantial local economic impact. The National Academy of Inventors and the Intellectual Property Owners Association now ranks ASU 17th in U.S. utility patents granted to universities worldwide. Other universities ranked alongside ASU in the top 20 include MIT, Stanford University, Johns Hopkins University, Harvard and the California Institute of Technology. Skysong Innovations also operates an office out of the ASU California Center in Santa Monica, facilitating linkages between the Arizona and Southern California innovation ecosystems, including connecting ASU inventors with California-based investors. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,303,131 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $2,723,458 | RevenueAmt |
| Desc | EP through its subsidiary University Realty aims to advance ASU by accepting and monetizing commercial office, retail, multifamily buildings, as well as vacant land received from philanthropic real estate gifts from donors. Additionally, they take advantage of opportunities to invest, acquire, and dispose of real estate at logical points in real estate cycles. University Realty provides full service, ground-up development including acquisitions and entitlements of land, master-planning and building design, construction, and financing of office, industrial, and multi-family projects. Currently, the organization holds $76 million in land and building investments. University Realty oversees projects nationwide, from SkySong in Scottsdale, to the Brickyard in Tempe, to the Washington Center in the heart of the District of Columbia. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $12,745,133 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | Yes (true) | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 48 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 146 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | Yes (true) | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 1 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 18 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 16 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (true) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (true) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | AZ | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | VIRGINIA E DESANTO | PersonNm |
| Phone | 4809651791 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 300 E UNIVERSITY DRIVE | AddressLine1Txt |
| City | TEMPE | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 85281 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 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 | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| William Post | |||||||||
| Chair | 1.0 | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Juanita Francis | |||||||||
| Vice Chair | 1.0 | 1.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Stephen O Evans | |||||||||
| Director | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Michael Crow | |||||||||
| Director | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Morgan Olsen | |||||||||
| Director | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Jose Cardenas | |||||||||
| Director | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Anne L Mariucci | |||||||||
| Director | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Gary L Trujillo | |||||||||
| Director | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Harry Papp | |||||||||
| Director | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Ira A Fulton | |||||||||
| Director | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Jay Heiler | |||||||||
| Director | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| John W Graham | |||||||||
| Director | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Keith Wirtz | |||||||||
| Director | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Robert Johnson | |||||||||
| Director | 1.0 | 2.0 | Yes (X) | $0 | $0 | $0 | |||
| Scott Wald | |||||||||
| Director | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| RF Shangraw Jr | |||||||||
| CEO/Director, EP | 25.0 | 25.0 | Yes (X) | Yes (X) | $568,264 | $0 | $74,488 | ||
| Virginia DeSanto | |||||||||
| CFO and Treasurer/Director | 25.0 | 25.0 | Yes (X) | Yes (X) | $247,986 | $0 | $47,626 | ||
| Gregory Vogel | |||||||||
| Director | 1.0 | 1.0 | Yes (X) | $0 | $0 | $0 | |||
| Marcel Valenta | |||||||||
| Secretary | 25.0 | 25.0 | Yes (X) | $274,657 | $0 | $48,771 | |||
| Mitchell R Levin | |||||||||
| CEO, UR | 50.0 | 0.0 | $289,998 | $0 | $41,183 | Yes (X) | |||
| Augustine Cheng | |||||||||
| CEO, SI | 50.0 | 0.0 | $613,148 | $0 | $38,511 | Yes (X) | |||
| Kenneth Polasko | |||||||||
| Exec. VP Phys. Sciences - SI | 40.0 | 0.0 | $270,133 | $0 | $47,349 | Yes (X) | |||
| George Hardy | |||||||||
| VP Assets UR through 12/1/17 | 40.0 | 0.0 | $249,835 | $0 | $48,710 | Yes (X) | |||
| Kenneth Lewis | |||||||||
| Sr. VP Venture Devt. - SI | 40.0 | 0.0 | $230,131 | $0 | $46,479 | Yes (X) | |||
| John Skinner | |||||||||
| VP/Chief of Staff | 38.0 | 2.0 | $203,043 | $0 | $13,065 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,947,195 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $406,182 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 32 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Quarles Brady LLP | |||||
| Two N Central Ave | PHOENIX | AZ | 85004 | Patent Prosecution | $916,067 |
| Fish Richardson PC | |||||
| PO Box 3295 | BOSTON | MA | 02241 | Patent Prosecution | $485,287 |
| Irell and Manella LLP | |||||
| 1800 Avenue of the Stars Suite 900 | LOS ANGELES | CA | 90067 | SI Legal Services | $1,206,481 |
| Viksnins Harris Padys PLLP | |||||
| 7851 Metro Pkwy Ste 325 | MINNEAPOLIS | MN | 55425 | Patent Prosecution | $396,904 |
| Ganem Construction LLC | |||||
| 1725 West Williams Dr Suite 4 | PHOENIX | AZ | 85027 | Construction Service | $260,941 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 28 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $1,239,000 | RelatedOrganizationsAmt |
| Total Contributions | $1,239,000 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| ASU PROGRAM SUPPORT | 900099 | $1,698,294 | $1,698,294 |
| PROGRAM REVENUE AND MEMBERSHIPS | 900099 | $90,000 | $90,000 |
| PROGRAM RENTALS | 900099 | $2,723,458 | $2,723,458 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $4,511,752 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,792,919 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $121,823 | UnrelatedBusinessRevenueAmt |
| Exclusion | $6,671,096 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $112,855 | TotalRevenueColumnAmt |
| Exclusion | $112,855 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $215,615 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $215,615 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $215,615 | TotalRevenueColumnAmt |
| Exclusion | $215,615 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $20,423,674 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $20,370,271 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $53,403 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $53,403 | TotalRevenueColumnAmt |
| Exclusion | $53,403 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $0 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SHARED SERVICES ALLOCATION | 900099 | $9,722,942 | $9,722,942 |
| ASSET MANAGEMENT FEES | 900099 | $6,024,719 | $6,024,719 |
| MISCELLANEOUS REVENUE | 900099 | $369,468 | $369,468 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $250,000 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $250,000 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $16,367,129 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $29,292,673 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $20,878,881 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $121,823 | UnrelatedBusinessRevenueAmt |
| Exclusion | $7,052,969 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $910,886 | TotalAmt |
| Program Services | $910,886 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $470,470 | TotalAmt |
| Management And General | $470,470 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,335,746 | TotalAmt |
| Program Services | $1,234,589 | ProgramServicesAmt |
| Management And General | $101,157 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $240,188 | TotalAmt |
| Program Services | $67,253 | ProgramServicesAmt |
| Management And General | $172,935 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $125,912 | TotalAmt |
| Program Services | $98,117 | ProgramServicesAmt |
| Management And General | $27,795 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $247,654 | TotalAmt |
| Program Services | $58,864 | ProgramServicesAmt |
| Management And General | $188,790 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,358,292 | TotalAmt |
| Program Services | $3,208,634 | ProgramServicesAmt |
| Management And General | $149,658 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79,024 | TotalAmt |
| Management And General | $79,024 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $344,780 | TotalAmt |
| Management And General | $344,780 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $353,052 | TotalAmt |
| Management And General | $353,052 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,186,171 | TotalAmt |
| Program Services | $1,154,284 | ProgramServicesAmt |
| Management And General | $31,887 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $111,334 | TotalAmt |
| Program Services | $60,396 | ProgramServicesAmt |
| Management And General | $50,938 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $758,328 | TotalAmt |
| Program Services | $596,417 | ProgramServicesAmt |
| Management And General | $161,911 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,403 | TotalAmt |
| Program Services | $29 | ProgramServicesAmt |
| Management And General | $5,374 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $859,621 | TotalAmt |
| Program Services | $850,696 | ProgramServicesAmt |
| Management And General | $8,925 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $139,557 | TotalAmt |
| Program Services | $89,316 | ProgramServicesAmt |
| Management And General | $50,241 | ManagementAndGeneralAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,874 | TotalAmt |
| Program Services | $24,953 | ProgramServicesAmt |
| Management And General | $21,921 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,343,131 | TotalAmt |
| Program Services | $1,343,131 | ProgramServicesAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,685,112 | TotalAmt |
| Management And General | $1,685,112 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $555,551 | TotalAmt |
| Program Services | $438,497 | ProgramServicesAmt |
| Management And General | $117,054 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $156,107 | TotalAmt |
| Program Services | $50,335 | ProgramServicesAmt |
| Management And General | $105,772 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| FEES/SUBSCRIPTIONS | $156,689 | $52,461 | $104,228 |
| MEALS AND CULTIVATION | $94,719 | $50,948 | $43,771 |
| PROGRAM RENTAL EXPENSES | $2,303,131 | $2,303,131 | |
| OTHER EXPENSES | $152,196 | $152,196 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,019,928 | TotalAmt |
| Program Services | $12,745,133 | ProgramServicesAmt |
| Management And General | $4,274,795 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,276,796 | BOYAmt |
| EOY | $4,142,422 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,111,210 | BOYAmt |
| EOY | $5,169,442 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,062,056 | BOYAmt |
| EOY | $5,571,090 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $97,511,935 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $7,954,179 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,512,288 | BOYAmt |
| EOY | $89,557,756 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,146,976 | BOYAmt |
| EOY | $30,271,327 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $7,272,109 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,831,629 | BOYAmt |
| EOY | $30,413,547 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $193,940,955 | BOYAmt |
| EOY | $172,397,693 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,614,179 | BOYAmt |
| EOY | $11,792,695 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $92,410,000 | BOYAmt |
| EOY | $90,900,000 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,026,601 | BOYAmt |
| EOY | $17,831,051 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $122,050,780 | BOYAmt |
| EOY | $120,523,746 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,937,288 | BOYAmt |
| EOY | $50,393,993 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,952,887 | BOYAmt |
| EOY | $1,479,954 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $71,890,175 | BOYAmt |
| EOY | $51,873,947 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $193,940,955 | BOYAmt |
| EOY | $172,397,693 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $12,272,745 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$24,649,199 | NetUnrlzdGainsLossesInvstAmt |
| Investment Expense | $353,052 | InvestmentExpenseAmt |
| Other Changes In Net Assets | -$7,992,826 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Organization | Yes (X) | CollegeOrganizationInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $21,360,402 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,239,000 | CurrentTaxYearAmt |
| Total | $22,599,402 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $21,360,402 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,239,000 | CurrentTaxYearAmt |
| Total | $22,599,402 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $16,668,991 | SubstantialContributorsTotAmt |
| Public Support Total170 | $5,930,411 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $1,360,352 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,999,566 | CurrentTaxYearAmt |
| Total | $8,359,918 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $30,959,320 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $39,149,797 | GrossReceiptsRltdActivitiesAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
Schedule B IRS990ScheduleB
Schedule C IRS990ScheduleC
Total Grassroots Lobbying TotalGrassrootsLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $70,000 | FilingOrganizationsTotalAmt |
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $274,780 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $344,780 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $16,675,148 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $17,019,928 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $1,000,000 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $250,000 | FilingOrganizationsTotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Lbbyng Grassroot Mns Non Tx | TotLbbyngGrassrootMnsNonTxGrp | |
| Tot Lbby Expend Mns Lbbyng Non Tx | TotLbbyExpendMnsLbbyngNonTxGrp |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus1 | $1,000,000 | CurrentYearMinus1Amt |
| Current Year | $1,000,000 | CurrentYearAmt |
| Total | $2,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $3,000,000 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus1 | $492,780 | CurrentYearMinus1Amt |
| Current Year | $344,780 | CurrentYearAmt |
| Total | $837,560 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus1 | $250,000 | CurrentYearMinus1Amt |
| Current Year | $250,000 | CurrentYearAmt |
| Total | $500,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $750,000 | GrassrootsCeilingAmt |
Avg Grassroots Lobbying Expend AvgGrassrootsLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus1 | $75,000 | CurrentYearMinus1Amt |
| Current Year | $70,000 | CurrentYearAmt |
| Total | $145,000 | TotalAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp | |
| CY Minus3 Yr Endwmt Fund | CYMinus3YrEndwmtFundGrp | |
| CY Minus4 Yr Endwmt Fund | CYMinus4YrEndwmtFundGrp |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $13,121,166 | InvestmentCostOrOtherBasisAmt |
| Book Value | $13,121,166 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $63,603,834 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $20,503,278 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,954,179 | DepreciationAmt |
| Book Value | $76,152,933 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovementsGrp |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $283,657 | OtherCostOrOtherBasisAmt |
| Book Value | $283,657 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Land Buildings | OtherLandBuildingsGrp | |
| Total Book Value Land Buildings | $89,557,756 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| NET INV IN DIRECT FINANCING | $21,005,000 |
| ASSETS WITH LIMITED USE | $8,204,631 |
| OTHER ASSETS | $1,203,916 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $30,413,547 | TotalBookValueOtherAssetsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| INTEREST RATE SWAP LIABILITY | $5,701,697 |
| ASSETS HELD FOR OTHER ENTITIES | $6,772,978 |
| TAXABLE BONDS | $5,356,376 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $17,831,051 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $225,484,795 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$24,649,198 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $230,564,262 | OtherRevenueAmt |
| Revenue Not Reported | $205,915,064 | RevenueNotReportedAmt |
| Revenue Subtotal | $19,569,731 | RevenueSubtotalAmt |
| Other Revenues Not Included | $9,722,942 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $9,722,942 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $29,292,673 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $163,332,921 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $138,455,705 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $138,455,705 | ExpensesNotReportedAmt |
| Expenses Subtotal | $24,877,216 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $353,052 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | -$8,210,340 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | -$7,857,288 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $17,019,928 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FIN 48 (ASC 740) FOOTNOTE | The Organization accounts for income taxes using the asset and liability approach, which can result in recording tax provisions or benefits in periods different than the periods in which such taxes are paid or benefits realized. Deferred income taxes are recorded for the difference between the book and tax basis of various assets and liabilities, which can provide for current recognition of expected tax benefits from temporary differences that will result in deductible amounts in future years. It has been determined by the IRS that EP qualifies as a tax-exempt organization under Section 501(c)(3) as described in Sections 509(a)(1) and 170(b)(1)(A)(iv) of the Internal Revenue Code (IRC), and accordingly, there is no provision for income taxes in the accompanying consolidated financial statements. EP has been classified as an organization that is a public charity. University Realty (UR), Skysong Innovations (SI), and all sole member LLCs under UR and SI are treated as disregarded entities for income tax purposes, and accordingly, all income and expenses are reported through EP for the years ended June 30, 2018 and June 30, 2017. AzTE Ventures, Co. is not a tax-exempt organization and its income and expenses are not passed through to EP for tax purposes. Ventures reports its activities through its own tax forms. For tax purposes, income determined to be unrelated business income by any member of the group regarded as a tax-exempt organization would be taxable. Tax positions taken related to the Organization's tax-exempt status and other miscellaneous tax positions have been reviewed. Management is of the opinion that material positions taken by the Organization would be upheld under examination. Accordingly, the Organization has not recorded an income tax liability for uncertain tax positions as of June 30, 2018 and 2017, and does not anticipate a significant change for the following twelve months. The Organization is subject to tax examination by the federal and Arizona state jurisdictions, which generally remain open for three and four years, respectively. |
| Reconciliation of Revenue Per Audited Financial Statements with Return | Schedule D, Part XI, Line 2d ASUF Revenue $(220,888,918) ASURE Revenue $(821,296) RCASU Revenue $(672,130) Reserve Subsidy $1,055,183 Service Agreement - Cost Reimbursement $(11,568,654) Change in Swap $(1,730,117) Investment Rental expenses $ 2,303,131 Eliminations between outside entities $1,758,539 -------------- TOTAL $230,564,262 Schedule D, Part XI, Line 4B Shared Services Allocation $9,722,942 |
| Reconciliation of Expenses Per Audited Financial Statements with Return | Schedule D, Part XII, Line 2D ASUF Expenses $(137,604,092) ASURE Expenses $(1,326,737) RCASU Expenses $(1,282,104) AzTE Ventures Expenses $(1,309) Eliminations between outside entities $1,758,539 Rounding $(2) -------------- TOTAL $(138,455,705) Schedule D, Part XII, Line 4B Investment Rental Expenses $2,303,131 Reserve Subsidy $1,055,183 EP Service Agreement - Cost Reimbursement $(3,592,492) UR Service Agreement - Cost Reimbursement $(550,000) Skysong Innovations Service Agreement - Cost Reimbursement $(7,426,162) -------------- TOTAL $(8,210,340) |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| Arizona State University | |||||||
| PO BOX 870502 | TEMPE | AZ | 85287 | 860196696 | 115 | $543,100 | PROGRAM SUPPORT |
| Expect More Arizona | |||||||
| 2415 E Camelback Rd Suite 500 | PHOENIX | AZ | 85016 | 453681012 | 501(C)(3) | $50,000 | COMMUNITY OUTREACH |
| American Heart Association | |||||||
| 2929 S 48th Street | Tempe | AZ | 85282 | 135613797 | 501(c)(3) | $10,000 | PROGRAM SUPPORT |
| ASU Foundation | |||||||
| PO Box 2260 | Tempe | AZ | 852802260 | 866051042 | 501(c)(3) | $268,786 | PROGRAM SUPPORT |
| PGA Tour Inc | |||||||
| PO Box 206 | Ponte Vedra Beach | FL | 32004 | 520999206 | 501(c)(6) | $14,000 | Program Support |
| UnidosUS | |||||||
| 1126 16th Street NW | Washington | DC | 20026 | 860212873 | 501(c)(3) | $20,000 | Community Outreach |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 5 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS | FormAndLineReferenceDesc |
| Explanation | Schedule I, Part I, Line 2 Grants paid consist of funds provided to Arizona State University and other non-profits for ASU related initiatives, which are accounted for and monitored through the use of accounts and account purpose at the time of each disbursement. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Marcel Valenta | ||||||||||||||
| Secretary | $250,138 | $0 | $23,970 | $0 | $549 | $0 | $18,900 | $0 | $29,871 | $0 | $323,428 | $0 | $0 | $0 |
| RF Shangraw Jr | ||||||||||||||
| CEO/Director, EP | $459,326 | $0 | $108,938 | $0 | $0 | $0 | $36,900 | $0 | $37,588 | $0 | $642,752 | $0 | $0 | $0 |
| Virginia DeSanto | ||||||||||||||
| CFO and Treasurer/Director | $224,138 | $0 | $22,816 | $0 | $1,032 | $0 | $17,345 | $0 | $30,281 | $0 | $295,612 | $0 | $0 | $0 |
| Augustine Cheng | ||||||||||||||
| CEO, SI | $445,064 | $0 | $136,434 | $0 | $31,650 | $0 | $18,900 | $0 | $19,611 | $0 | $651,659 | $0 | $0 | $0 |
| Kenneth Polasko | ||||||||||||||
| Exec. VP Phys. Sciences - SI | $250,133 | $0 | $20,000 | $0 | $0 | $0 | $18,450 | $0 | $28,899 | $0 | $317,482 | $0 | $0 | $0 |
| Mitchell R Levin | ||||||||||||||
| CEO, UR | $262,310 | $0 | $26,500 | $0 | $1,188 | $0 | $18,900 | $0 | $22,283 | $0 | $331,181 | $0 | $0 | $0 |
| George Hardy | ||||||||||||||
| VP Assets UR through 12/1/17 | $244,904 | $0 | $2,000 | $0 | $2,931 | $0 | $16,407 | $0 | $32,303 | $0 | $298,545 | $0 | $0 | $0 |
| Kenneth Lewis | ||||||||||||||
| Sr. VP Venture Devt. - SI | $219,099 | $0 | $10,000 | $0 | $1,032 | $0 | $16,450 | $0 | $30,029 | $0 | $276,610 | $0 | $0 | $0 |
| John Skinner | ||||||||||||||
| VP/Chief of Staff | $184,269 | $0 | $18,360 | $0 | $414 | $0 | $10,519 | $0 | $2,546 | $0 | $216,108 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Housing Allowance | Schedule J, Part I, Line 1a The Managing Director of Skysong Innovations receives a housing allowance, which is treated as taxable compensation on Form W-2 and reported on Schedule J, Part II, Column (b)(iii). |
| Travel for Companions | Schedule J, Part I, Line 1A The Managing Director of Skysong Innovations receives travel reimbursements for himself and his spouse, which is treated as taxable compensation on Form W-2 and reported on Schedule J, Part II, Column (b)(iii). |
| Tax Indemnification and Gross-Up Payments | Schedule J, Part I, Line 1a The Managing Director of Skysong Innovations receives tax gross-up payments in relation to amounts paid to him for his housing allowance, taxable spousal travel, and reimbursement for internet expenses. The gross-ups are treated as taxable compensation on Form W-2 and reported on Schedule J, Part II, Column (b)(iii). |
| Social Club Dues or Initiation Fees | Schedule J, Part I, Line 1a EP provides the President and CEO with a membership to a social club to use for business purposes. The membership is non-taxable to the President and CEO and reported as non-taxable benefits on Schedule J, Part II, Column (D). |
| Non-Fixed Payments | Schedule J, Part I, Line 7 For EP, non-fixed payments are based on compensation agreements and success benchmarks stated in employment contracts. For Skysong Innovations, a single member limited liability company of EP, the compensation contract for the Managing Director allows for the Board of Directors of Skysong Innovations to approve discretionary bonuses without fixed amount calculations based on the Board's overall satisfaction of the Managing Director's performance. |
| Questions Regarding Compensation | Schedule J, Part II EP's five highest paid employees includes three members of the management of its subsidiary, Skysong Innovations, which provides technology transfer services for Arizona State University. As its sole member, EP has delegated responsibility for management of Skysong Innovations to the seven-member board of directors for Skysong Innovations, including operational activities and compensation. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| THE INDUSTRIAL DEV AUTH OF THE CITY OF TEMPE AZ | ||||||||
| A | 860439481 | 87972MAB8 | 2004-07-01 | $22,420,000 | ACQUIRE, IMPROVE, & EQUIP FACILITY | false | false | false |
| THE INDUSTRIAL DEV AUTH OF THE CITY OF TEMPE AZ | ||||||||
| B | 860439481 | 2014-04-22 | $37,090,000 | REFUND ISSUE | false | false | false | |
| THE INDUSTRIAL DEV AUTH OF THE CITY OF TEMPE AZ | ||||||||
| C | 860439481 | 2014-12-16 | $31,390,000 | ACQUIRE, IMPROVE, & EQUIP FACILITY | false | false | false | |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Bond DefeasedBondDefeasedAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | UnspentUnspentAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $0 | $0 | $22,475,006 | $660,717 | $0 | $0 | $277,740 | $0 | $0 | $21,536,549 | $0 | $0 | 2004 | false | false | Yes (true) | Yes (true) |
| B | $0 | $0 | $37,090,000 | $0 | $0 | $0 | $499,252 | $0 | $0 | $0 | $38,550,748 | $0 | 2004 | Yes (true) | false | Yes (true) | Yes (true) |
| C | $0 | $0 | $31,503,841 | $0 | $0 | $0 | $0 | $0 | $0 | $31,503,841 | $0 | $0 | 2018 | false | false | Yes (true) | Yes (true) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Remedial Action TakenRemedialActionTakenInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|
| A | false | false | false | false | 0 | false | false | false | Yes (true) |
| B | false | false | false | false | 0 | false | false | false | Yes (true) |
| C | false | false | false | false | 0 | false | false | false | Yes (true) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Term Of HedgeTermOfHedgePct | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Business Name Line1GICProviderName/BusinessNameLine1Txt | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank of America | |||||||||||||
| A | false | false | false | Yes (true) | Yes (true) | Yes (true) | 30. | false | false | false | 0 | Yes (true) | Yes (true) |
| 0 | |||||||||||||
| B | false | false | false | false | false | false | false | 0 | false | Yes (true) | |||
| 0 | |||||||||||||
| C | false | false | false | false | false | false | false | 0 | false | Yes (true) | |||
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (true) |
| B | Yes (true) |
| C | Yes (true) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supplemental Information Detail | SupplementalInformationDetail |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE K, PART I, BOND B | THE BOND ISSUED 04/22/2014 WAS USED TO REFUND A BOND ORIGINALLY ISSUED ON 10/28/2003. The amount reported is the amount outstanding. |
| SCHEDULE K, PART II, LINE 3, BOND A AND BOND C | THE DIFFERENCE BETWEEN THE ISSUE PRICE LISTED IN PART I, COLUMN (E) AND THE TOTAL PROCEEDS OF ISSUE IN PART II, LINE 3 FOR BOND A AND BOND C REPRESENTS INTEREST INCOME. |
| SCHEDULE K, PART IV, LINE 2C | THE REBATE COMPUTATION FOR THE 2004 BOND IN COLUMN A WAS LAST PERFORMED ON 6/30/2014. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 REVIEW PROCESS | FORM 990, PART VI, SECTION B, LINE 11B EP'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE DRAFT IS SUBMITTED TO EP'S MANAGEMENT FOR REVIEW AND ACCURACY OF REPORTING. THE BOARD OF DIRECTORS HAS DELEGATED REVIEW OF THE FORM 990 TO THE AUDIT COMMITTEE. MANAGEMENT AND A REPRESENTATIVE OF THE OUTSIDE ACCOUNTING FIRM REVIEW THE FORM 990 WITH THE AUDIT COMMITTEE. ONCE APPROVED AND ACCEPTED BY THE AUDIT COMMITTEE, A FULL COPY OF THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS. IT IS THEN SIGNED BY THE CFO AND SUBMITTED ELECTRONICALLY TO THE IRS AND BOARD OF DIRECTORS. |
| PROCESS FOR MONITORING AND ENFORCEMENT OF CONFLICT OF INTEREST | FORM 990, PART VI, SECTION B, LINE 12C UPON HIRE AND ON AN ANNUAL BASIS, all EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS RELATING TO THEIR INVOLVEMENT WITH EP. IN ADDITION, ANY TIME THE INDIVIDUALS REFERRED TO ABOVE BECOME AWARE OF A NEW CONFLICT, THEY ARE REQUIRED TO SUBMIT AN UPDATED CONFLICT OF INTEREST/COMMITTMENT FORM TO THE EP's General Counsel. ANY IDENTIFIED CONFLICTS WOULD BE REVIEWED BY THE BOARD CHAIR AND THE CEO TO DETERMINE ANY MITIGATION ACTIONS NEEDED. |
| PROCESS FOR ESTABLISHING COMPENSATION OF PRESIDENT/CEO AND KEY EMPLOYEES | FORM 990, PART VI, LINES 15A AND 15B FOR EP, THE BOARD OF DIRECTORS APPROVES THE COMPENSATION PACKAGE FOR THE PRESIDENT AND CEO BASED ON CURRENT MARKET COMPARISONS PROVIDED BY EP'S HUMAN RESOURCES DEPARTMENT (WHICH OBTAINS THIS INFORMATION FROM AN INDEPENDENT COMPENSATION CONSULTANT), RESPONSIBILITIES OF THE POSITION, GOALS OF EP, AND NEGOTIATIONS WITH THE PRESIDENT AND CEO. ALL OTHER COMPENSATION DECISIONS FOR KEY EMPLOYEES HAVE BEEN DELEGATED FROM THE BOARD OF DIRECTORS TO THE PRESIDENT AND CEO, WHO FOLLOWS A SIMILAR PROCESS AFOREMENTIONED. |
| DOCUMENTS MADE AVAILABLE TO THE PUBLIC | FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS FOR EP ARE AVAILABLE UPON REQUEST. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST STATEMENT ARE NOT MADE AVAILABLE TO THE PUBLIC. |
| Other Changes in Net Assets | Form 990, Part XI, Line 9 Change in Unrealized Swap Value $1,730,117 Shared Services Allocation from other Affiliates $(9,722,943) ----------- Total $(7,992,826) |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (15 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| University Realty LLC | |||||||||
| PO Box 2260 | Tempe | AZ | 85280 | 475599177 | Real Estate | AZ | -$8,940,208 | $145,212,588 | EP |
| ASUF LLC | |||||||||
| PO Box 2260 | Tempe | AZ | 85280 | 475599177 | Real Estate | AZ | UR | ||
| ASUF Brickyard LLC | |||||||||
| PO Box 2260 | Tempe | AZ | 85280 | 475599177 | Real Estate | AZ | UR | ||
| ASUF DC LLC | |||||||||
| PO Box 2260 | Tempe | AZ | 85280 | 475599177 | Real Estate | AZ | UR | ||
| McDowell Warehouse LLC | |||||||||
| PO Box 2260 | Tempe | AZ | 85280 | 475599177 | Real Estate | AZ | UR | ||
| La Cienega Ranch LLC | |||||||||
| PO Box 2260 | Tempe | AZ | 85280 | 475599177 | Real Estate | AZ | UR | ||
| Mirabella ASU Tempe LLC | |||||||||
| PO Box 2260 | Tempe | AZ | 85280 | 475599177 | Real Estate | AZ | UR | ||
| ASUF Scottsdale LLC | |||||||||
| PO BOX 2260 | TEMPE | AZ | 85280 | 475599177 | REAL ESTATE | AZ | UR | ||
| Hardy Warehouse LLC | |||||||||
| PO BOX 2260 | TEMPE | AZ | 85280 | 475599177 | REAL ESTATE | AZ | UR | ||
| Loma Linda Land 196 LLC | |||||||||
| PO BOX 2260 | TEMPE | AZ | 85280 | 475599177 | REAL ESTATE | AZ | UR | ||
| Skysong Innovations LLC | |||||||||
| PO Box 2260 | Tempe | AZ | 85280 | 475599177 | Intellec Prop | AZ | $9,703,880 | $11,535,274 | EP |
| Rancho del PradoColton LLC | |||||||||
| PO Box 2260 | Tempe | AZ | 85280 | 475599177 | Real Estate | AZ | UR | ||
| Novus Holdings LLC | |||||||||
| PO Box 2260 | Tempe | AZ | 85280 | 475599177 | Real Estate | AZ | UR | ||
| RH Technologies LLC | |||||||||
| PO Box 2260 | Tempe | AZ | 85280 | 475599177 | Intellec Prop | AZ | Skysong | ||
| ISW Technologies LLC | |||||||||
| PO Box 2260 | Tempe | AZ | 85280 | 475599177 | Intellec Prop | AZ | Skysong | ||
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASU Foundation | |||||||||||||||
| PO Box 2260 | Tempe | AZ | 85280 | 866051042 | Support | AZ | 501(C)(3) | 05 | EP | Yes (true) | |||||
| ASU Research Enterprise | |||||||||||||||
| PO Box 2260 | Tempe | AZ | 85280 | 900868685 | Support | AZ | 501(C)(3) | 10 | EP | Yes (true) | |||||
| Research Collaboratory at ASU | |||||||||||||||
| PO Box 2260 | Tempe | AZ | 85280 | 463815674 | Support | AZ | 501(C)(3) | 07 | EP | Yes (true) | |||||
| Taylor Trust FBO ASU Foundation | |||||||||||||||
| PO Box 2260 | Tempe | AZ | 85280 | 866252445 | Support | AZ | 501(c)(3) | 12-I | ASUF | Yes (true) | |||||
| ASU Foundation Mexico AC | |||||||||||||||
| Education | 501(c)(3) | Global III | Yes (true) | Sierra Mojada 626 | Ciudad de Mexico | MX | 11010 | MX | |||||||
| RCASU GERMANY gGMBH | |||||||||||||||
| holding co. | 501(C)(3) | RCASU GERMNY | Yes (true) | VALENTINSKAMP 70 | HAMBURG | GM | 20355 | GM | |||||||
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | UBI Code VUBICodeVAmt | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Holualoa GV Shopping Plaza LLC | ||||||||||||||
| 3573 E Sunrise Dr Ste 225 | Tucson | AZ | 85718 | 860838083 | Real Estate | AZ | N/A | Excluded from tax | -$381,885 | $3,592,308 | false | -$318,677 | Yes (true) | 0.31128 |
| SkySong Office 3 LLC | ||||||||||||||
| 9401 W Thunderbird RD 200 | Peoria | AZ | 85381 | 463279475 | Real Estate | AZ | N/A | Excluded from tax | $449,882 | $23,105 | false | Yes (true) | 0.50000 | |
| SkySong Office 4 LLC | ||||||||||||||
| 9401 W Thunderbird RD 200 | Peoria | AZ | 850044568 | 474210475 | Real Estate | AZ | N/A | Excluded from tax | -$1,377,596 | $3,037,126 | false | Yes (true) | 0.50000 | |
| SkySong Office 5 LLC | ||||||||||||||
| 9401 W Thunderbird RD 200 | Peoria | AZ | 85381 | Real Estate | AZ | N/A | Excluded from tax | $0 | $5,050,000 | false | Yes (true) | 0.50000 | ||
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AzTE Ventures Co | ||||||||||||
| 1475 N Scottsdale Rd Suite 200 | Scottsdale | AZ | 85257 | 270151042 | Solar Energy | AZ | Skysong | C Corp | -$1,309 | $6,611 | 1.00000 | Yes (true) |
| Charitable Remainder Trust (18) | ||||||||||||
| CHARIT REM TR | AZ | ASUF | Yes (true) | |||||||||
| Teotihuacan Holdings LLC | ||||||||||||
| PO BOX 2260 | TEMPE | AZ | 85280 | 811792379 | HOLDING CO. | DE | RCASU | C CORP | 1.00000 | Yes (true) | ||
| Global University Associate I LLC | ||||||||||||
| PO BOX 2260 | TEMPE | AZ | 85280 | 364831153 | EDUCATION | DE | TEOTIHUACAN | C CORP | 1.00000 | Yes (true) | ||
| Global University Associate II LLC | ||||||||||||
| PO BOX 2260 | TEMPE | AZ | 85280 | 364831242 | EDUCATION | DE | TEOTIHUACAN | C CORP | 1.00000 | Yes (true) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (true) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (true) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (true) | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (8 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| ASU Foundation for a new american university | ||
| C | $1,239,000 | FMV |
| ASU Research Enterprise | ||
| D | $1,429,886 | Loan Balance |
| ASU Research Enterprise | ||
| L | $493,171 | cost |
| Research Collaboratory at ASU | ||
| L | $342,058 | cost |
| ASU Foundation for a new american university | ||
| L | $8,887,713 | cost |
| ASU Research Enterprise | ||
| R | $238,388 | cash transfer |
| Research Collaboratory at ASU | ||
| R | $264,178 | cash transfer |
| ASU Foundation for a new american university | ||
| R | $552,671 | cash transfer |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule R, part IV, Column C | FormAndLineReferenceDesc |
| Explanation | There are 12 charitable trusts with legal domicile in Arizona and 6 charitable trusts with legal domicile in NEvada. | ExplanationTxt |
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