2018-11-06T15:25:04-06:00 2018-06-30 420714325 RSM US LLP 8020 EXCELSIOR DR STE 100 MADISON WI 53717 990 2017-07-01 390833612 WISCONSIN ALUMNI RESEARCH FOUNDATION WISC 6089609850 614 WALNUT STREET 13TH FLOOR MADISON WI 53726 JOHN GRANSEE CFO 6089609850 2018-10-24 1 JAMES G GRAHAM P00006111 6088333361 108.171.132.188 2018-10-24 13:03:24 CD P F0E72343AF239EA60143D97CAD3272ED337FCB95 83F6547B8C67C702BB77A482CA5A507ACC21881E 2017 2018-06-14 16:35:46Z JOHN GRANSEE 614 WALNUT STREET 13TH FLOOR MADISON WI 53726 263764432 0 X WWW.WARF.ORG X 1925 WI ENABLE UNIVERSITY OF WISCONSIN-MADISON RESEARCH TO SOLVE THE WORLD'S PROBLEMS.TO SUPPORT SCIENTIFIC RESEARCH WITHIN THE UW-MADISON COMMUNITY BY PROVIDING FINANCIAL SUPPORT, ACTIVELY MANAGING ASSETS, AND MOVING INNOVATIONS TO THE MARKETPLACE FOR A FINANCIAL RETURN AND GLOBAL IMPACT. 16 15 142 570 152191 -2549944 15767702 136650 17778383 15361339 128785320 237335228 5735850 10931215 168067255 263764432 85504036 337509752 0 0 15816179 15914240 0 0 0 41150346 50164191 142470561 403588183 25596694 -139823751 2968285167 3067134832 457087167 832975832 2511198000 2234159000 X SEE PART I, LINE 1 0 0 109261857 67868829 18184256 1) DIRECT FISCAL 2017-2018 GRANTS OF $63,592,514 WERE MADE TO THE UNIVERSITY OF WISCONSIN - MADISON. THE GRANTS PROVIDED THE UNIVERSITY THE FINANCIAL FLEXIBILITY TO CREATE 176 COMPETITIVE RECRUITMENT PACKAGES TO ATTRACT WORLD-CLASS FACULTY MEMBERS TO JOIN UW-MADISON, AND RETAIN CURRENT FACULTY WHO RECEIVE OUTSIDE OFFERS. THE FOUNDATION SPONSORED GRADUATE STUDENT SUPPORT HELPED RECRUIT AND RETAIN 5,544 TOP QUALITY GRADUATE STUDENTS. THROUGH THE FALL RESEARCH COMPETITION, THE FOUNDATION FUNDED 273 AWARDS AIMED AT SUPPORTING JUNIOR FACULTY AS THEY BUILD THEIR RESEARCH PROGRAMS AND PILOT STUDIES FOR EXTERNAL GRANT APPLICATIONS. THE FOUNDATION ALSO MATCHED 86 GRANTS, WHICH ALLOWED THE UNIVERSITY TO APPLY FOR AND ACCEPT EXTRAMURAL GRANT OPPORTUNITIES THAT REQUIRED A MATCH FROM THE INSTITUTION. THE DIRECT GRANTS ALSO SUPPORTED 10 NAMED PROFESSORSHIPS, 11 NEW KELLETT MID-CAREER FELLOWSHIPS AND 11 NEW ROMNES FACULTY FELLOWSHIPS. THROUGH THE ENDOWMENT FOR EXCELLENCE, THE FOUNDATION FUNDED 37 INTERDISCIPLINARY FACULTY MEMBERS IN THE FOLLOWING AREAS; AGRONOMY, ASTRONOMY, BACTERIOLOGY, BIOMEDICAL ENGINEERING, BIOCHEMISTRY, BIOMOLECULAR CHEMISTRY, BOTANY/STATISTICS, CHEMISTRY, COMPARATIVE BIOSCIENCES, COMPUTER SCIENCE, ENTOMOLOGY, ELECTRICAL & COMPUTER ENGINEERING, ENGINEERING PHYSICS, GENDER AND WOMEN'S STUDIES, GENETICS AND NEUROLOGY, MATERIAL SCIENCE AND ENGINEERING, MATH/ECE, MATHEMATICS, MATERIAL SCIENCE, MECHANICAL ENGINEERING, NEUROSCIENCE, NEUROSCIENCE AND NEUROLOGY, PHARMACY, PHYSICS, PLANT PATHOLOGY, PSYCHOLOGY, RADIOLOGY, AND URBAN & REGIONAL PLANNING. THE PATENT AND LICENSING FUNCTION PRODUCED THE FOLLOWING RESULTS DURING THE YEAR: THE UNIVERSITY OF MADISON DISCLOSED 387 INVENTIONS TO THE WISCONSIN ALUMNI RESEARCH FOUNDATION. THE FOUNDATION FILED 279 U.S. PATENT APPLICATIONS AND 245 FOREIGN PATENT APPLICATIONS ON BEHALF OF THE UNIVERSITY OF WISCONSIN. DURING THE 2017-2018 FISCAL YEAR 157 U.S. PATENTS AND 143 FOREIGN PATENTS WERE GRANTED TO THE FOUNDATION BY THE RESPECTIVE PATENT OFFICES.UNDER FEDERAL LAW (I.E. THE BAYH DOLE ACT) UNIVERSITIES OR THEIR 501(C)(3) PATENT MANAGEMENT ORGANIZATIONS HAVE THE RIGHT TO TAKE TITLE TO INVENTIONS MADE IN THE COURSE OF UNIVERSITY RESEARCH FUNDED IN WHOLE OR IN PART BY AN AGENCY OF THE FEDERAL GOVERNMENT. THE UNIVERSITY OF WISCONSIN - MADISON HAS DELEGATED THIS RIGHT TO WARF. WARF IS THE DESIGNATED PATENT MANAGEMENT ORGANIZATION FOR THE UNIVERSITY OF WISCONSIN- MADISON AND IN THAT ROLE WARF EXERCISES THE UNIVERSITY'S RIGHTS AND OBLIGATIONS UNDER THE BAYH DOLE ACT. DURING THE 2017-2018 FISCAL YEAR, 76 NEW COMMERCIAL LICENSES OR OPTIONS AND 2 EQUITY AGREEMENT WERE CLOSED. 269640923 269640923 7988327 MORGRIDGE INSTITUTE FOR RESEARCH, INC. WAS ESTABLISHED ON NOVEMBER 24, 2006, AS AN INDEPENDENT RESEARCH INSTITUTE THAT PROVIDES UW-MADISON INNOVATIVE NEW WAYS TO CONDUCT BIOMEDICAL RESEARCH AND EDUCATE THE COMMUNITY.MORGRIDGE'S MISSION IS TO IMPROVE HUMAN HEALTH THROUGH INNOVATIVE, INTERDISCIPLINARY BIOMEDICAL DISCOVERIES, SPARK SCIENTIFIC CURIOSITY AND SERVE SOCIETY THROUGH TRANSLATIONAL OUTCOMES, IN PARTNERSHIP WITH THE UNIVERSITY OF WISCONSIN-MADISON.DURING FISCAL 2017-2018, THE MORGRIDGE INSTITUTE FOR RESEARCH'S SEVEN RESEARCH THEMES UNIFY 12 PRINCIPAL INVESTIGATORS CONDUCTING, ENABLING AND TRANSLATING RESEARCH IN THE FIELDS OF:HIGH THROUGHPUT COMPUTATION: HARNESSING COMPUTING POWER TO ADDRESS NEW QUESTIONS IN SCIENCE. REGENERATIVE BIOLOGY: UNDERSTANDING AND DIRECTING CELLULAR FATES TO IMPROVE HUMAN HEALTH. MEDICAL ENGINEERING: ADVANCING TECHNOLOGIES TO BETTER DIAGNOSE, TREAT AND PREVENT DISEASE. VIROLOGY: UNLOCKING THE SECRETS OF VIRUS-HOST INTERACTIONS TO BETTER PROTECT HUMAN HEALTH. BIOMEDICAL ETHICS: ADDRESSING EMERGING ETHICAL ISSUES AND BUILDING A CULTURE OF RESPONSIBLE SCIENCE.METABOLISM: STUDYING THE CHEMISTRY OF LIFE AND ITS DISRUPTION IN HUMAN DISEASE. DISCOVERY OUTREACH PROGRAMS OFFER LITERALLY HUNDREDS OF OPPORTUNITIES ANNUALLY FOR PEOPLE TO EXPERIENCE THE VIBRANCY OF UW-MADISON SCIENCE. WICELL RESEARCH INSTITUTE, INC.'S MISSION IS TO SUPPORT STEM CELL RESEARCH AT THE UNIVERSITY OF WISCONSIN-MADISON AND THE DEVELOPMENT OF STEM CELL CLINICAL APPLICATIONS WORLDWIDE.WICELL IS A SUPPORTING ORGANIZATION OF THE UNIVERSITY OF WISCONSIN-MADISON, A WORLD LEADER IN THE AREA OF HUMAN PLURIPOTENT STEM CELL RESEARCH. WICELL IS A NONPROFIT ORGANIZATION ESTABLISHED IN 1999 TO ADVANCE THE SCIENCE OF STEM CELLS. THE GLOBAL LEADER IN CELL BANKING, CYTOGENETIC TESTING AND DISTRIBUTION OF STEM CELL LINES, WICELL BUILDS ON THESE CORE STRENGTHS BY ALSO PROVIDING CLINICAL GRADE PLURIPOTENT STEM CELL LINES, QUALITY CONTROL TESTING AND CELL BANKING SERVICES.AS A SUPPORT ORGANIZATION FOR UW-MADISON, WICELL OFFERS A WIDE ARRAY OF SERVICES AND SUPPORT DESIGNED TO KEEP UW AT THE FOREFRONT OF ADVANCES IN STEM CELL TECHNOLOGY. CURRENT OFFERINGS INCLUDE: - PRE-QUALIFIED REAGENTS SUCH AS MEDIA AND MEDIA COMPONENTS, MATRICES, MEFS AND ANTIBODIES- A FULL RANGE OF CYTOGENETIC TESTING SERVICES- SPECIALIZED TESTING INCLUDING TERATOMA SERVICES AND HISTOLOGICAL ANALYSIS, MYCOPLASMA SCREENING AND QUALITY CONTROL TESTING- HIGH QUALITY AND WELL CHARACTERIZED CELL LINES FROM THE WICELL STEM CELL BANK - TECHNICAL ASSISTANCE AND HANDS-ON TRAINING- FULLY EQUIPPED LABORATORY SPACE- GRANT WRITING ASSISTANCE FOR BUDGETING AND CORE SERVICES NEEDSDURING FISCAL YEAR 2017-2018, WICELL DISTRIBUTED 405 HUMAN CELL LINES TO COMMERCIAL AND ACADEMIC RESEARCH LABORATORIES BRINGING THE TOTAL CELL LINES DISTRIBUTED TO DATE TO 4,467.WICELL OPERATES ITS RESEARCH FACILITIES WITH 28 SCIENTISTS, RESEARCH TECHNICIANS AND ADMINISTRATIVE PERSONNEL. 378902780 1 1 0 1 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 830 0 1 142 1 1 1 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI CA X X JOHN GRANSEE 6089609861 614 WALNUT STREET 13TH FLOOR MADISON WI 53726 JOHN P MORGRIDGE TRUSTEE 2.00 2.00 X 0 0 0 DORIS MEISSNER TRUSTEE 2.00 X 24000 0 0 CAROL N SKORNICKA TRUSTEE 2.00 2.00 X 24000 20000 0 JOAN E SPERO TRUSTEE 2.00 X 27000 0 0 JEFFREY C SPRECHER TRUSTEE 2.00 X 24000 0 0 GORDON F BRUNNER TRUSTEE 2.00 1.00 X 22250 1000 0 PATRICIA LIPTON TRUSTEE/SECRETARY 3.00 2.00 X X 27000 20000 0 KEITH R LOBO TRUSTEE 2.00 X 29500 0 0 PETER P TONG TRUSTEE/CHAIR 4.00 2.00 X X 34000 0 0 NORMAN BOBINS TRUSTEE/TREASURER 3.00 X X 24000 0 0 DAVID SMUKOWSKI TRUSTEE 2.00 X 23750 0 0 REBECCA BLANK TRUSTEE 2.00 X 27000 0 0 JAMES BERBEE TRUSTEE/VICE CHAIR 4.00 3.00 X X 27000 16000 0 WINSLOW SARGEANT TRUSTEE 2.00 2.00 X 24000 15000 0 ERIK IVERSON TRUSTEE/MANAGING DIRECTOR 34.00 4.00 X X 611153 20000 89948 DEBORAH KELLER TRUSTEE 2.00 X 30250 0 0 STEVE MIXTACKI CFO/COO 39.00 1.00 X 269338 0 -164387 ALYSSA THOENY INTERIM CFO/DIRECTOR OF FINANCE AND ACCOUNTING 40.00 X 198103 0 65869 JOHN GRANSEE CFO 40.00 X 0 0 0 LEIGH CAGAN CHIEF TECHNOLOGY COMMERCIA 40.00 X 378825 0 168408 MICHAEL FALK GENERAL COUNSEL/COO 38.00 2.00 X 397364 0 148525 CARRIE THOME CHIEF INVESTMENT OFFICER 40.00 X 1095793 0 154169 ALAIN HUNG DEPUTY CHIEF INVESTMENT OFFICER 40.00 X 653626 0 166884 STEPHANIE ADAMANY DEPUTY GENERAL COUNSEL 39.00 1.00 X 254607 0 125924 LAURA HEISLER DIRECTOR OF PROGRAMMING 40.00 X 198497 0 130530 RYAN ABRAMS INVESTMENT DIRECTOR 40.00 X 280392 0 74446 JOHN NAGEL LICENSING MANAGER 40.00 X 214091 0 56686 4919539 92000 1017002 34 0 1 0 QUARLES & BRADY LLP 33 E MAIN ST SUITE 900 MADISON WI 53703 LEGAL SERVICES 1934730 CPA GLOBAL LTD LIBERATION HOUSE CASTLE STREET ST HELIER CHANNEL ISLANDS JE JE1 1BL PATENT LEGAL/ANNUITY SERVICE 1511482 BOYLE FREDERICKSON 940 N PLANKINTON AVE MILWAUKEE WI 53203 LEGAL SERVICES 1075162 IRELL & MANELLA LLP 1800 AVENUE OF THE STARS SUITE 900 LOS ANGELES CA 90067 LEGAL SERVICES 890637 UNITED STATE PATENT AND TRADEMARK OFFICE PO BOX 1450 ALEXANDRIA VA 223131450 PATENT SERVICES 698000 23 136650 136650 ROYALTIES 900099 13446017 13446017 LICENSING 900099 1915322 1915322 15361339 13709790 13709790 6400000 0 6400000 6400000 6400000 223625438 0 223625438 223625438 223625438 WARF PATENT REVENUE 900099 1606916 1606916 MIR BLDG COSTS REIMBURSEMENT 900099 1481327 1481327 OTHER INCOME 900099 1216001 1183781 32220 226971 107000 119971 4531215 263764432 26140363 152191 237335228 337509752 337509752 6681939 2462774 4219165 6698371 3960470 2737901 1040183 629589 410594 1068710 621916 446794 425037 267969 157068 25467 25467 5486614 5486614 171260 171260 62000 62000 14226700 14226700 852245 567439 284806 110170 34820 75350 354242 239751 114491 378057 54306 323751 3778136 3778136 2214740 1783558 431182 233740 133290 100450 122999 106138 16861 6157939 5998573 159366 5765276 5730127 35149 334869 218479 116390 DOMESTIC LEGAL/PATENTS 4088498 4088498 FOREIGN LEGAL/PATENTS 2103523 2103523 FOREIGN PATENT MAINT FE 1607549 1607549 US PATENT MAINT FEES 767100 767100 1323067 752409 570658 403588183 378902780 24685403 0 4396027 2452268 619825 989307 165145 134022 82816 164957 183043338 46879683 141842954 136163655 407502 1619344 2703893159 2776000773 53344098 2817652 63533641 146792854 2968285167 3067134832 12660179 12731268 256204120 551767766 28162 28162 140431488 136662887 47763218 131785749 457087167 832975832 X 2309530000 2184861000 201668000 49298000 2511198000 2234159000 2968285167 3067134832 X -139823751 -88690770 -48524479 X X 0 1 X 1 0 X X 2 UNIVERSITY OF WISCONSIN-MADISON 396006492 2 1 67868829 0 MORGRIDGE INSTITUTE FOR RESEARCH 208325570 4 1 269640923 0 2 337509752 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X PART IV, SECTION D, ITEM 3: THE BY-LAWS OF THE ORGANIZATION MANDATE THAT THE CHANCELLOR FOR THE UNIVERSITY OF WISCONSIN-MADISON (UNIVERSITY) BE A MEMBER OF THE BOARD OF TRUSTEES. THE CURRENT TRUSTEE SERVING IN THIS ROLE IS CHANCELLOR REBECCA BLANK. THE BY-LAWS OF THE MORGRIDGE INSTITUTE FOR RESEARCH (MIR) MANDATE THAT THE MANAGING DIRECTOR OF THE ORGANIZATION ALSO SERVE AS A MEMBER OF THE BOARD OF TRUSTEES FOR MIR. IN ADDITION, SIX (6) OF MIR'S BOARD MEMBERS CURRENTLY SERVE ON THE ORGANIZATION'S BOARD OF TRUSTEES. CHANCELLOR BLANK AND THE OVERLAPPING TRUSTEES OF MIR AND THE ORGANIZATION HAVE AN INFLUENTIAL ROLE AND SIGNIFICANT VOICE IN THE ORGANIZATION'S INVESTMENT POLICIES AND IN DIRECTING THE USE OF THE ORGANIZATION'S INCOME OR ASSETS. THE ORGANIZATION'S INVESTMENT POLICY IS DESIGNED TO PROVIDE STABLE SOURCES OF SUPPORT THAT ARE RESPONSIVE TO THE REQUESTS BY THE UNIVERSITY AND MIR FOR FUNDING TO SUPPORT THEIR RESEARCH AND OTHER PROGRAMS, BUILDING FACILITIES, AND OTHER NEEDS. PART IV, SECTION E, ITEM 1C: THE ORGANIZATION'S MISSION IS TO SUPPORT RESEARCH OF THE UNIVERSITY OF WISCONSIN-MADISON (UNIVERSITY), A GOVERNMENTAL ENTITY TO WHICH THE ORGANIZATION HAS DEVOTED A SUBSTANTIAL PORTION OF ITS ACTIVITIES AND IS RESPONSIVE, AND MORGRIDGE INSTITUTE FOR RESEARCH (MIR), WHICH WORKS CLOSELY WITH THE UNIVERSITY AND HAS BEEN SUPPORTED SINCE IT WAS ORGANIZED IN 2006, IN THEIR RESPECTIVE ROLES AS TWENTY-FIRST CENTURY LEADERS IN RESEARCH, DISCOVERY AND INNOVATION. THE ORGANIZATION PROVIDES NECESSARY TECHNOLOGY TRANSFER SERVICES TO THE UNIVERSITY AND MIR (INCLUDING WORKING WITH THE UNIVERSITY AND MIR RESEARCHERS IN THE INVENTION DISCLOSURE PROCESS, EVALUATING DISCLOSED INVENTIONS AND TECHNOLOGY FOR PATENTABILITY AND COMMERCIAL POTENTIAL, AND LICENSING PATENTS AND OTHER TECHNOLOGY DEVELOPED AT THE UNIVERSITY AND MIR, AND PROVIDING SUPPORT REGARDING AND/OR FULFILLING CERTAIN OBLIGATIONS RELATED TO THE BAYH-DOLE ACT) THAT WOULD OTHERWISE BE PERFORMED BY THESE ORGANIZATIONS. IT ALSO PROVIDES SUBSTANTIAL SERVICES TO MIR AND UNIVERSITY-AFFILIATED ORGANIZATIONS WHICH ARE PERFORMED BY WARF EMPLOYEES IN AREAS SUCH AS HUMAN RESOURCES, INFORMATION TECHNOLOGY, LEGAL AND ACCOUNTING, AND WHICH WOULD OTHERWISE NORMALLY BE PERFORMED BY THE ORGANIZATIONS THEMSELVES. IN ADDITION, THE ORGANIZATION MAKES GRANTS TO OR FOR THE BENEFIT OF THE UNIVERSITY AND MIR THAT SUPPORT RESEARCH PROGRAMS, BUILDING FACILITIES, AND OTHER RESEARCH RELATED PRIORITIES OF THE SUPPORTED ORGANIZATIONS, SUCH AS RECRUITMENT AND RETENTION OF FACULTY AND TOP QUALITY GRADUATE STUDENTS. 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THE ORGANIZATIONS ARE ALSO EXEMPT FROM WISCONSIN INCOME AND REAL ESTATE TAX. THE ORGANIZATION FOLLOWS THE GUIDANCE RELATIVE TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). ANY TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ORGANIZATION FILES FORMS 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF WISCONSIN. PART XI, LINE 4B - OTHER ADJUSTMENTS: SHARED ROYALTIES NETTED AGAINST INCOME IN AUDIT 3,778,136. REIMBURSED EXPENSES FROM AFFILIATE NETTED AGAINST EXPENSES IN AUDIT 7,988,327. CONTRIBUTIONS NETTED AGAINST EXPENSES IN AUDIT 76,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: SHARED ROYALTIES NETTED AGAINST EXPENSES IN AUDIT 3,778,136. REIMBURSED EXPENSES FROM AFFILIATE NETTED AGAINST EXPENSES IN AUDIT 7,988,327. CONTRIBUTIONS NETTED AGAINST EXPENSES IN AUDIT 76,000. GRANT FROM WARF TO MORGRIDGE ON 1/1/2018 257,140,923. 1 UNIVERSITY OF WISCONSIN - MADISON 1025 W JOHNSON ST MADISON WI 53706 396006492 115 67868829 SEE PROGRAM SERVICE ACCOMPLISHMENTS; FORM 990, PART III, LINE 4A MORGRIDGE INSTITUTE FOR RESEARCH 330 N ORCHARD ST MADISON WI 537151119 208325570 501(C)(3) 269640923 SEE PROGRAM SERVICE ACCOMPLISHMENTS; FORM 990, PART III, LINE 4B 2 PART I, LINE 2: 1) UW-MADISON - THE UNIVERSITY PROVIDES WARF WITH AN ANNUAL SUMMARY OF GRANT EXPENDITURES THAT DETAILS HOW THE GRANT FUNDS WERE SPENT FROM THE PREVIOUS YEAR. 2) MORGRIDGE INSTITUTE FOR RESEARCH AND WICELL - WARF HAS ACCESS TO THE FINANCIAL STATEMENTS OF THESE ORGANIZATIONS. ALSO, WARF'S MANAGING DIRECTOR SITS ON THE BOARD OF MORGRIDGE AND WARF'S COO/GENERAL COUNSEL IS ON THE BOARD OF WICELL. 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A COMMUNITY DEVELOPMENT AUTHORITY - CITY OF MADISON 396006968 2009-12-17 161453470 FOR CONSTRUCTING A RESEARCH FACILITY LOCATED ON THE CAMPUS OF UW-MADISON 0 0 0 A 24790583 161453470 2531768 151543609 7378093 2010 0 0 1 1 A 0 1 0 1 1 0 0 0 A 0 0 0 0 0 0 0 0 0 A 1 SCH K, PART III, #2 ALTHOUGH THERE IS PRESENTLY NO PRIVATE BUSINESS USE OF THE BOND-FINANCED PROPERTY, A SIGNIFICANT PORTION OF THE PROPERTY IS CURRENTLY OCCUPIED BY THE MORGRIDGE INSTITUTE FOR RESEARCH, INC., A 501(C)(3) ORGANIZATION ("MORGRIDGE"). AS A MEDICAL RESEARCH ORGANIZATION THAT COLLABORATES WITH PRIVATE INDUSTRY IT IS POSSIBLE THAT SOME OF THE ACTIVITY ON THE PROPERTY COULD RESULT IN PRIVATE BUSINESS USE. HOWEVER, MORGRIDGE IS AWARE OF THE LIMITATIONS ON PRIVATE USE, AND PROCEDURES HAVE BEEN PUT IN PLACE FOR WARF AND MORGRIDGE TO TRACK PRIVATE USE TO ENSURE COMPLIANCE WITH BOND REQUIREMENTS. SIMPLE MACHINES INC KEITH LOBO WAS A COMMON BOARD MEMBER OF BOTH WARF AND SIMPLE MACHINES, INC. 1000000 INVESTMENT IN PREFERRED STOCK OF THE COMPANY. 0 WISCMED LLC JAMES BERBEE WAS A BOARD MEMBER OF WARF AND A MAJORITY OWNER (78%) OF 80000 WARF RECEIVED CLASS A UNITS REPRESENTING 10% OF THE FULLY-DILUTED UNITS OUTSTANDING TO DATE. WARF RECEIVED STOCK UNITS IN LIEU OF LICENSE FEES AND PATENT REIMBURSEMENT. 0 SCH L, PART IV, LINE 1(B) CONTINUED: AND CONTINUES TO BE A COMMON BOARD MEMBER. SCH L, PART IV, LINE 2(B) CONTINUED: WISCMED, LLC AND CONTINUES TO BE A BOARD MEMBER OF WARF AND MAJORITY OWNER OF WISCMED, LLC. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS INITIALLY REVIEWED AND APPROVED BY THE CFO, DIRECTOR OF FINANCE AND ACCOUNTING AND OTHER MEMBERS OF THE MANAGEMENT TEAM. AN ELECTRONIC COPY OF THE FINAL VERSION OF THE FORM 990 IS SUBSEQUENTLY PROVIDED TO THE BOARD OF TRUSTEES FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE WARF MANAGING DIRECTOR AND GENERAL COUNSEL REQUIRES THAT THE TRUSTEES REVIEW THE CONFLICT OF INTEREST POLICY AND COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. WARF REVIEWS CONFLICT MATTERS AS DISCLOSED THROUGH THE ANNUAL DISCLOSURE AND ON A ROLLING BASIS AND CONSIDERS THEM IN THE MATTER PROSCRIBED IN ITS CONFLICT POLICY. A CONFLICT OF INTEREST COMMITTEE OF THE BOARD OF TRUSTEES ALSO MEETS AS APPROPRIATE TO CONSIDER CONFLICT SITUATIONS. ALL WARF EMPLOYEES SIGN A CONFLICT OF INTEREST AGREEMENT. FORM 990, PART VI, SECTION B, LINE 15 A) WARF RETAINS A NATIONAL INDEPENDENT HUMAN RESOURCES CONSULTING FIRM SPECIALIZING IN COMPENSATION ACTIVITIES TO REVIEW COMPENSATION FOR THE MANAGING DIRECTOR AND SENIOR MANAGEMENT OF THE ORGANIZATION. THE CONSULTANT IS RETAINED BY AND REPORTS TO THE CHAIR OF THE COMPENSATION COMMITTEE. B) EVERY THIRD YEAR THE CONSULTANT PROVIDES COMPARATIVE COMPENSATION DATA TO THE COMPENSATION COMMITTEE. C) THE CHAIR OF THE COMPENSATION COMMITTEE AND BOARD PRESIDENT REVIEWS A WRITTEN SUMMARY OF EXECUTIVE ACCOMPLISHMENTS FOR THE FISCAL YEAR. THIS INFORMATION IS SHARED WITH THE COMPENSATION COMMITTEE AND WITH THE BOARD'S EXECUTIVE COMMITTEE. D) IN LATE APRIL OR EARLY MAY THE COMPENSATION COMMITTEE HOLDS A TELECONFERENCE TO DISCUSS THE GENERAL DIRECTION AND SCOPE/RANGE OF EXECUTIVE COMPENSATION. THE OUTSIDE CONSULTANT PARTICIPATES IN THE DISCUSSION EVERY THIRD YEAR. E) IN AUGUST, THE BOARD PRESIDENT AND THE CHAIR OF THE COMPENSATION COMMITTEE DISCUSS THE EXECUTIVE EVALUATION AND DETERMINE THE COMPENSATION ADJUSTMENT. F) THE COMPENSATION COMMITTEE REVIEWS THE RECOMMENDATION IN (E) ABOVE AND APPROVES FINAL COMPENSATION ADJUSTMENTS. G) THE CHAIR OF THE COMPENSATION COMMITTEE REVIEWS THE COMPENSATION ADJUSTMENTS WITH THE FULL BOARD AT THE FALL TRUSTEE MEETING. H) THE OUTSIDE CONSULTANT PROVIDES A LETTER TO THE CHAIR OF THE COMPENSATION COMMITTEE DESCRIBING THE CONSULTANT'S ROLE IN ESTABLISHING THE REBUTTABLE PRESUMPTION OF REASONABLENESS STANDARD UNDER THE INTERMEDIATE SANCTIONS REGULATIONS AND HOW THE CONSULTANT PROVIDED THE ANALYSIS TO DETERMINE THE REASONABLENESS OF THE EXECUTIVE COMPENSATION PACKAGE EVERY THIRD YEAR. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT MADE AVAILABLE. FORM 990, PART XI, LINE 9: EQUITY LOSS IN SUBSIDIARIES -50,526,446. CHANGE IN MINIMUM PENSION OBLIGATION 2,001,985. ROUNDING -18. FORM 990, PART XII, LINE 2C: THE PROCESS DID NOT CHANGE FROM PRIOR YEAR. FORM 8621: FILING 8621 ON BEHALF OF WISCONSIN ALUMNI RESEARCH ORGANIZATION WISCONSIN ALUMNI RESEARCH FOUNDATION OWNS A STAKE IN THE FOLLOWING PARTNERSHIPS WHICH HAVE INDIRECT INVESTMENTS IN PASSIVE FOREIGN INVESTMENT COMPANIES (PFICS), AND HAVE FILED FORM 8621 ON BEHALF OF WISCONSIN ALUMNI RESEARCH FOUNDATION: SIGULER GUFF BRIC OPPORTUNITIES FUND II, LP SIGULER GUFF BRIC OPPORTUNITIES FUND, LP FORM 8886: DISCLOSURE OF REPORTABLE TRANSACTIONS THE FOLLOWING INVESTMENTS OF WISCONSIN ALUMNI RESEARCH FOUNDATION HAVE FILED FORM 8886 DISCLOSING REPORTABLE TRANSACTIONS. AS A LIMITED PARTNER IN THESE INVESTMENTS, WISCONSIN ALUMNI RESEARCH FOUNDATION'S ALLOCABLE SHARE FROM THE RESPECTIVE PASSTHROUGH ENTITIES DOES NOT EXCEED THE THRESHOLD AMOUNTS. THEREFORE, WISCONSIN ALUMNI RESEARCH FOUNDATION HAS NOT PARTICIPATED IN A LOSS TRANSACTION REPORTABLE ON FORM 8886: GROTECH PARTNERS VI, LP WIND POINT PARTNERS V, LP WARF PROPERTIES LLC 614 WALNUT STREET 13TH FLOOR MADISON WI 53726 203521556 HOLDING REAL ESTATE WI WISCONSIN ALUMNI RESEARCH FOUNDATION TOWN CENTER DINING LLC 614 WALNUT STREET 13TH FLOOR MADISON WI 53726 272845458 EVENT COORDINATOR WI MORGRIDGE INSTITUTE FOR RESEARCH 330 N ORCHARD ST MADISON WI 537151119 208325570 RESEARCH WI 501(C)(3) LINE 4 WISCONSIN ALUMNI RESEARCH FOUNDATION 0 WICELL RESEARCH INSTITUTE INC 614 WALNUT STREET 13TH FLOOR MADISON WI 53726 391972235 RESEARCH WI 501(C)(3) LINE 7 WISCONSIN ALUMNI RESEARCH FOUNDATION 0 UNIVERSITY OF WISCONSIN-MADISON 1025 W JOHNSON ST MADISON WI 53706 396006492 EDUCATION WI 115 LINE 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 SCHEDULE R, PART V, LINE 1B ON JANUARY 1, 2018 WARF GRANTED THE MORGRIDGE INSTITUTE FOR RESEARCH, INC. (MORGRIDGE INSTITUTE) $257 MILLION. THE MAJORITY OF THESE FUNDS WERE DONOR RESTRICTED FUNDS FROM A DONOR IN SUPPORT OF THE MORGRIDGE INSTITUTE AS WELL AS FOR THE CREATION OF THE WISCONSIN INSTITUTES FOR DISCOVERY BUILDING IN THE HEART OF THE UW-MADISON CAMPUS. THESE FUNDS WERE PREVIOUSLY HELD WITHIN WARF'S PORTFOLIO AND DESIGNATED FOR THE MORGRIDGE INSTITUTE UNTIL THE BEGINNING OF THIS CALENDAR YEAR WHEN OWNERSHIP OF THESE FUNDS WAS LEGALLY TRANSFERRED TO THE MORGRIDGE INSTITUTE.