2018-01-31T13:34:24-06:00 2017-06-30 560574444 Cherry Bekaert LLP 110 East Court Street Suite 500 Greenville SC 29601 990 2016-07-01 570750000 Clemson University Research Foundation CLEM 8646560925 PO Box 946 Clemson SC 296330946 charles tegen treasurer 8646560925 2018-01-30 1 Amanda Adams P00748038 8642333981 40.135.62.190 2018-01-30 11:00:09 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 3A4BF1219698F5D6C2B7A21C22F2D88322611E38 2016 2021-01-29 14:40:06Z charles tegen 391 College Ave Suite 401 Clemson SC 29631 2736342 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. The mission is to advance the generation and commercialization of intellectual property at Clemson University through support of research, technology transfer, and licensing administration. 13 7 0 19 0 0 2518700 1419265 607832 799378 784702 67891 1916487 420048 5827721 2706582 1794223 779119 0 0 0 0 0 0 0 3356453 1916258 5150676 2695377 677045 11205 11637878 11189307 846265 386489 10791613 10802818 the mission is to advance the generation and commercialization of intellectual property at clemson university through support of research, technology transfer, and licensing administration. 0 0 1928254 779119 1219426 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. 1928254 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 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 45 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 1 1 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 257562 28239 Stan Ahalt Director 1.00 0.00 X 0 0 0 GEORGE ASKEW Director 1.00 36.50 X 0 285206 63664 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 339701 62883 ANAnD GRAMOPADHYE Director 1.00 36.50 X 0 290514 32783 MARTINE LABERGE Director 1.00 36.50 X 0 261252 24537 Frank Landgraff Director 1.00 0.00 X 0 0 0 CINDY LEE Director 1.00 36.50 X 0 178313 9941 dennis Kekas Director 1.00 0.00 X 0 0 0 CAROL MARINO Director (08/29/16) 1.00 0.00 X 0 0 0 TRACY WARREN Director 1.00 0.00 X 0 0 0 catherine porto Executive Director - non-voting 37.50 0.00 X 0 181017 38232 charles tegen Treasurer - Non-Voting 1.00 36.50 X 0 148073 34658 August C Gesswein - Interim Executive Director - non-voting 1.00 36.50 X 0 131383 26124 0 2073021 321061 0 0 1 0 0 1104265 315000 1419265 Management Fees and FA 541700 406848 406848 Computer service fees 541700 244401 244401 Reimbursements 541700 60471 60471 research contract 541700 32189 32189 research lab programs 541700 10540 10540 44929 44929 799378 61651 61651 420048 420048 36000 29760 6240 6240 6240 2706582 1219426 0 67891 X 779119 779119 109975 77392 32583 268394 268394 306016 1915 304101 12083 12083 225514 225514 104474 104474 3574 3574 4133 4133 142395 123462 18933 26831 7983 18848 CU Program Costs 370696 370696 CURF Program Costs 342173 342173 2695377 1928254 767123 0 8505259 8652901 44484 754923 387407 476688 343750 19666 140547 2610036 1899200 759530 710836 26496 26496 1050832 927370 11637878 11189307 793124 303441 53141 83048 846265 386489 X 6902779 7177891 3888834 3624927 10791613 10802818 11637878 11189307 11205 0 X X 0 1 X 1 1 1 X X 1 Clemson University 576000254 6 1 635682 0 1 635682 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 530972 530972 2079064 1899200 179864 710836 X 2706582 0 2706582 0 2706582 2695377 0 2695377 0 2695377 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, 2017 and 2016 and, accordingly, no liability has been accrued. 1 Clemson University ADMIN SERVICES BLDG 108 perimeter rd clemson SC 296345306 576000254 170(c)(1) 779119 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 250853 0 0 0 6709 0 13038 0 15201 0 285801 0 0 GEORGE ASKEW Director 0 284232 0 0 0 974 0 48394 0 15270 0 348870 0 0 Brett A Dalton Director 0 339370 0 0 0 331 0 56758 0 6125 0 402584 0 0 ANAnD GRAMOPADHYE Director 0 288312 0 0 0 2202 0 14771 0 18012 0 323297 0 0 MARTINE LABERGE Director 0 200337 0 0 0 60915 0 13184 0 11353 0 285789 0 0 CINDY LEE Director 0 145633 0 0 0 32680 0 8939 0 1002 0 188254 0 0 catherine porto Executive Director - non-voting 0 179680 0 0 0 1337 0 31957 0 6275 0 219249 0 0 charles tegen Treasurer - Non-Voting 0 116946 0 0 0 31127 0 25294 0 9364 0 182731 0 0 August C Gesswein - Interim Executive Director - non-voting 0 129733 0 0 0 1650 0 6903 0 19221 0 157507 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 Catherine Porto Charles Tegen omnibond systems llc Owned by Former Director 115036 Mr. James Bottum, the Chief Information Officer of Clemson University, became an owner in Omnibond Systems, LLC in or around 2006. Mr. Bottum served on the CURF Board of Directors from June 2007 until July 2012. Omnibond Systems, LLC 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, LLC 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, LLC when the License Agreement was put in place in 1999. On March 1, 2016, Omnibond Systems, LLC purchased the intellectual property ownership and underlying rights of CURF licensed under the License Agreement, and the License Agreement was terminated. Payments towards the purchase price shall be periodically 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 The foundation executive director is an employee of Clemson University. Compensation is determined through the University Human Resources department within the guidelines established by the State of South Carolina to ensure reasonableness. 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 35,374. Fundraising expenses 0. Total expenses 35,374. contract fees: Program service expenses 1,915. Management and general expenses 93,108. Fundraising expenses 0. Total expenses 95,023. other services: Program service expenses 0. Management and general expenses 70,495. Fundraising expenses 0. Total expenses 70,495. patent fees: Program service expenses 0. Management and general expenses 105,124. Fundraising expenses 0. Total expenses 105,124. 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 244692 1189134 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 (grants) B 779119 audited financial report Clemson University (reimburse employee time & other expenses) P 78496 audited financial report Clemson University (reimburse other costs) Q 6784 audited financial report Clemson University (Contracted Services related to intellectual Property) L 315000 audited financial report