2017-02-06T14:37:36-06:00 2016-06-30 560574444 Cherry Bekaert LLP 110 East Court Street Suite 500 Greenville SC 29601 990 2015-07-01 570750000 Clemson University Research Foundation CLEM 8646560925 PO Box 946 Clemson SC 296330946 charles tegen treasurer 8646560925 2017-02-01 1 mark h cooter P00091236 8642333981 2015 2021-01-29 14:40:06Z charles tegen 391 College Ave Suite 401 Clemson SC 29631 7562909 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 20 0 0 3222987 2518700 879436 607832 12283 784702 2636847 1916487 6751553 5827721 3721079 1794223 0 0 0 0 0 0 0 3224180 3356453 6945259 5150676 -193706 677045 13561987 11637878 3447419 846265 10114568 10791613 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 3316194 1794223 1716592 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. 3316194 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 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 83 0 0 0 0 0 0 0 0 0 0 0 0 X 13 7 0 0 0 0 1 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 X 0 0 0 STAN AHALT DIRECTOR 1.00 X 0 0 0 Andrew B Cajka director 1.00 X 0 0 0 CAROL MARINO DIRECTOR 1.00 X 0 0 0 michael l watt director 1.00 X 0 0 0 TRACY WARREN DIRECTOR 1.00 X 0 0 0 Christie Corbett Director 1.00 X 0 0 0 MARTINE LABERGE Director 1.00 36.50 X 0 266465 24229 GEORGE ASKEW DIRECTOR 1.00 36.50 X 0 278847 60635 Brett A Dalton director 1.00 36.50 X 0 332942 59882 ANAnD GRAMOPADHYE DIRECTOR 1.00 36.50 X 0 287690 28467 CINDY LEE DIRECTOR 1.00 36.50 X 0 166446 8911 catherine porto Executive Director - non-voting 37.50 X X 0 177105 14969 charles tegen treasurer (NON VOTING) 1.00 36.50 X X 0 131576 30117 TANJU KARANFIL - vice chair Director 1.00 36.50 X X 0 245519 27023 larry dooley director 1.00 36.50 X 0 269626 52027 vincie albritton former officer 37.50 0.00 X 0 129337 27608 0 2285553 333868 0 1 1 0 0 2088700 430000 2518700 Rental Fees from Research facilit 541700 395713 395713 research lab programs 541700 178998 178998 research contract 541700 33121 33121 607832 13379 13379 807727 807727 2506511 1735188 771323 771323 771323 Management Fees and FA Recoveries 541700 611612 611612 Reimbursement of previous expense 541700 211073 211073 computer service fees 541700 201640 201640 84435 84435 1108760 5827721 1716592 0 1592429 1794223 1794223 134944 109798 25146 285803 285803 325062 71661 253401 30397 551 29846 189200 189200 150440 150440 516171 516171 6166 6166 57927 57927 261267 178680 82587 29164 8746 20418 cu programs - curf fund 1347833 962589 385244 OFFICIAL FUNCT. & EVENT 11186 11186 ENTERTAINMENT 10893 746 10147 5150676 3316194 1834482 0 8456340 8505259 218208 44484 927695 754923 476688 152927 19666 2639796 1880266 2619815 759530 26496 1187002 1050832 13561987 11637878 801513 793124 84987 53141 1674 2559245 3447419 846265 X 6269929 6902779 3844639 3888834 10114568 10791613 13561987 11637878 677045 0 X X 0 1 X 1 1 1 X X 1 Clemson University 576000254 5 1 1794223 0 1 1794223 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X 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 0 5998 5998 0 0 560732 560732 2079064 1880266 198798 759530 5827721 0 5827721 0 5827721 5150676 0 5150676 0 5150676 Part IV, Line 1b: security deposits held in escrow for tenants were disbursed during the year. Part IV, Line 2b: security deposits held in escrow for tenants were disbursed during the year. 1 Clemson University ADMIN SERVICES BLDG 108 perimeter rd clemson SC 296345306 576000254 irc 115 1794223 book value 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 MARTINE LABERGE Director 0 197150 0 0 0 69315 0 13250 0 10979 0 290694 0 0 GEORGE ASKEW DIRECTOR 0 277873 0 0 0 974 0 45895 0 14740 0 339482 0 0 Brett A Dalton director 0 332726 0 0 0 216 0 53975 0 5907 0 392824 0 0 ANAnD GRAMOPADHYE DIRECTOR 0 285920 0 0 0 1770 0 13250 0 15217 0 316157 0 0 CINDY LEE DIRECTOR 0 137153 0 0 0 29293 0 8325 0 586 0 175357 0 0 catherine porto Executive Director - non-voting 0 176827 0 0 0 278 0 8928 0 6041 0 192074 0 0 charles tegen treasurer (NON VOTING) 0 130388 0 0 0 1188 0 21711 0 8406 0 161693 0 0 TANJU KARANFIL - vice chair Director 0 182313 0 0 0 63206 0 12431 0 14592 0 272542 0 0 larry dooley director 0 266907 0 0 0 2719 0 43734 0 8293 0 321653 0 0 vincie albritton former officer 0 128923 0 0 0 414 0 21159 0 6449 0 156945 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 Larry Dooley Brett A Dalton Cindy Lee Anand Gramopadhye TANJU KARANFIL The following officers of CURF and CULR are employees of Clemson University: Catherine Porto Larry Dooley Charles Tegen TANJU KARANFIL omnibond systems llc former director 565000 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 underlying and 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 omnibond systems llc former director 69529 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. 0 Form 990, PART V, LINE 1C: There were no instances that required backup withholding. 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 6 Certain board members are specified by their positions in Clemson University. Other board members are elected by the current body of board members. The board approves significant decisions per the policies and proceudres. No board member receives a share of profits. 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 11 Form 990 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 policy annually. 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. 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. Form 990, PART V, LINEs 8 and 9: The organization did not have any excess business holdings at any time during the year and does not maintain donor advised funds. Form 990, PART Vi, Schedule A, LINE 2: Former Board member, James Bottum, is 50% owner of a corporation that has a contractual relationship with CURF for information technology Development. Some board members are key employees of clemson University. culr llc P O BOX 389 clemson SC 29633 208727594 leasing agent and information technology service provider SC 202095 1318118 CURF CLEMSON UNIVERSITY ADMIN SERVICES BLDG 108 PERIMETER R CLEMSON SC 29634 576000254 RESEARCH UNIVERSITY SC IRC 115 Line 5 N/A 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 clemson university (grants) B 1794223 audited financial report clemson university (lease of facilities) J 176552 audited financial report clemson university (reimburse employee time & other expenses) P 1116707 audited financial report clemson university (reimburse utility costs in leased facilities) Q 638841 audited financial report