2017-05-11T15:46:58-05:00 2016-06-30 560574444 CHERRY BEKAERT LLP 1111 Metropolitan Ave Ste 1000 Charlotte NC 28204 990 2015-07-01 592959590 USF Research Foundation Inc UNIV 8139741082 3802 Spectrum Boulevard No 100 Tampa FL 33612 Dr Paul R Sanberg President 8139741082 2017-04-04 1 Janice A Ratica P00358837 7043771678 2015 2021-01-29 14:40:06Z Dr Paul R Sanberg 3702 Spectrum Blvd Suite 175 Tampa FL 33612 13879854 0 X N/A X 1989 FL TO PROMOTE, ENCOURAGE AND ENHANCE RESEARCH ACTIVITIES AT THE UNIVERSITY OF SOUTH FLORIDA. 16 9 0 9 20928 0 0 0 11900782 12696159 1344003 1162767 -124676 20928 13120109 13879854 0 0 0 0 1227058 1361944 0 0 0 9076215 10659954 10303273 12021898 2816836 1857956 94160670 93460745 42458360 41438708 51702310 52022037 X To promote, encourage and enhance research activities at the University of South Florida. 0 0 7433714 7841055 THE RESEARCH FOUNDATION ASSISTS IN DEVELOPING HIGH-TECHNOLOGY BUSINESSES AND RESEARCH PARTNERSHIPS THAT BOOST THE ECONOMY AND CREATE HIGH-PAYING JOBS IN THE TAMPA BAY AREA BY DEVELOPING ITS USF RESEARCH PARK OF TAMPA BAY INTO A HUB FOR BIOTECHNOLOGY AND LIFE SCIENCES RESEARCH AND ENTREPRENEURSHIP. 1730327 2199916 THE RESEARCH FOUNDATION PROVIDES A MECHANISM BY WHICH DISCOVERIES, INVENTIONS, PROCESSES AND WORK PRODUCTS OF USF FACULTY, STAFF AND STUDENTS CAN BE TRANSFERRED FROM THE UNIVERSITY LABORATORY TO BENEFIT THE PUBLIC. INCOME IS ALLOCATED IN ACCORDANCE WITH USF POLICY ON INVENTIONS AND WORKS TO INVENTORS AND THEIR RESEARCH SUPPORT FUNDS, AND FOR DIRECT SUPPORT OF RESEARCH AT THE UNIVERSITY. 185018 355020 THE RESEARCH FOUNDATION RECEIVES AND ADMINISTERS CERTAIN BASIC RESEARCH AND CLINICAL TRIAL CONTRACTS AND GRANTS SPONSORED BY THE PRIVATE SECTOR AND FOUNDATIONS. THE GRANT STUDIES ARE PERFORMED BY UNIVERSITY FACULTY, STAFF AND STUDENTS. 1750925 2300168 OTHER PROGRAM SERVICES- TAMPA BAY TECHNOLOGY INCUBATOR PROGRAM 1750925 2300168 11099984 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 101 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X 16 9 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 0 FL X X X Dr Paul R Sanberg PhD DSC 8139741082 3802 Spectrum Blvd Suite 100 Tampa FL 33612 Ronald Barton Director 1.00 0.00 X 0 0 0 Charles Baumann Director 1.00 0.00 X 0 0 0 Sebastian Dewhurst Director 1.00 0.00 X 0 0 0 Gene Engle Director 1.00 0.00 X 0 0 0 Robert D Frisina Director 1.00 39.00 X 0 256700 38734 Robert Garcia Director 1.00 0.00 X 0 0 0 Moez Limayen Director 1.00 39.00 X 0 363026 26103 Charles Lockwood Director 1.00 39.00 X 0 246863 38669 John Long Director 1.00 39.00 X 0 301716 23513 Matthew Lowel Director 1.00 0.00 X 0 0 0 Israel Morejon Director 1.00 0.00 X 0 0 0 Harry Venezia Director 1.00 0.00 X 0 0 0 Ralph Wilcox Director 1.00 39.00 X 0 388877 38707 Lee Wright Director 1.00 0.00 X 0 0 0 Paul R Sanberg President & Director 15.00 25.00 X X 0 567042 43277 Nick Trivunovich Treasurer & Director 5.00 35.00 X X 0 245387 37253 Allison Madden Secretary 5.00 35.00 X 0 115007 27496 Patricia Gamble CFO 40.00 0.00 X 0 134261 20974 0 2618879 294726 0 0 1 0 ED TAYLOR CONSTRUCTION SOUTH INC 2713 N FALKENBURG RD STE A TAMPA FL 33619 CONSTRUCTION MANAGER 699104 SIEMENS INDUSTRY LLC PO BOX 2134 CAROL STREAM IL 60132 CONSTRUCTION MANAGER 244392 master maintenance inc po box 272758 TAMPA FL 33688 cleaning and janitorial 223833 dpr construction 1 north dale mabry hwy ste 820 TAMPA FL 33609 CONSTRUCTION MANAGER 215887 THE DAVEY TREE EXPERT COMPANY PO BOX 94532 CLEVELAND OH 44101 LANDSCAPING 191280 8 property rental revenue 900099 7534056 7534056 Royalties/Licenses/Option Fees 900099 2506916 2506916 Incubator Revenue 900099 2300167 2300167 Contracts & Grants 900099 185018 185018 Administrative Fees 900099 170002 170002 12696159 19518 19518 1143249 0 1143249 1143249 1143249 PARTNERSHIP INVESTMENT income 900099 20928 20928 20928 13879854 12696159 20928 1162767 186191 72982 113209 866480 417702 448778 66809 27752 39057 177056 78741 98315 65408 28942 36466 2076 2076 83469 83469 43260 26727 16533 6361 6361 235156 198599 36557 1443194 1443194 2886318 2850658 35660 11988 11010 978 1718965 1718965 2959274 2958913 361 292111 280168 11943 net lease settlement 630742 630742 technology costs 164160 164160 bad debt expense 125751 125751 residual balance closeo 39773 39773 17356 16768 588 12021898 11099984 921914 0 2269614 3210720 1133334 1229167 695843 971691 69637 52525 66489242 21562978 48509698 44926264 31144289 34454161 419148 305171 7572889 7456978 2346218 854068 94160670 93460745 1533352 1309181 244740 228350 23055000 22030000 10180000 9525000 7445268 8346177 42458360 41438708 X 51702310 52022037 51702310 52022037 94160670 93460745 X 1857956 -1517301 -20928 X 0 1 X 1 0 X X 1 university of south florida 593102112 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 8739633 8739633 54355509 19284080 35071429 3355815 2278898 1076917 38285 38285 44926264 USF Foundation Investment 19751544 F Vanguard 0030 Prime Money Market 3913450 F SunTrust Investment 5446859 F Vanguard 1645 Corporate Bond Index 5342308 F 34454161 Due To University of South Florida 7849109 Interest Rate Swap Liability 497068 8346177 X 12341625 -1517301 -1517301 13858926 20928 20928 13879854 12021898 0 12021898 0 12021898 Part X, Line 2: THE RESEARCH FOUNDATION PERIODICALLY ASSESSES WHETHER IT HAS INCURRED INCOME TAX EXPENSE OR RELATED INTEREST OR PENALTIES IN ACCORDANCE WITH ACCOUNTING FOR UNCERTAIN TAX POSITIONS. NO SUCH AMOUNTS WERE RECOGNIZED IN FISCAL YEAR 2016. Part XI, Line 4b - Other Adjustments: PARTNERSHIP INVESTMENT INCOME (LOSS) 20,928. X 0 0 0 0 0 0 0 0 0 Robert D Frisina Director 0 255324 0 1376 0 0 0 19007 0 19727 0 295434 0 0 Moez Limayen Director 0 362125 0 0 0 901 0 20982 0 5121 0 389129 0 0 Charles Lockwood Director 0 246863 0 0 0 0 0 19288 0 19381 0 285532 0 0 John Long Director 0 300696 0 0 0 1020 0 20427 0 3086 0 325229 0 0 Ralph Wilcox Director 0 378901 0 0 0 9976 0 20737 0 17970 0 427584 0 0 Paul R Sanberg President & Director 0 475422 0 90000 0 1620 0 22209 0 21068 0 610319 0 0 Nick Trivunovich Treasurer & Director 0 237547 0 7500 0 340 0 18517 0 18736 0 282640 0 0 Patricia Gamble CFO 0 134261 0 0 0 0 0 10645 0 10329 0 155235 0 0 A University of South Florida Research Foundation Inc 592959590 2004-08-24 18455000 Finance construction of capital improvements 0 0 0 A 18455000 131185 19448975 2005 0 0 1 1 A 0 0 0 1 0 0.01450 0.01450 0 0 1 A 0 0 0 0 1 1 Bank of America 10.000000000000 0 0 0 1 0 A 0 Form 990, Part VI, Section A, line 7a THE UNIVERSITY OF SOUTH FLORIDA PRESIDENT APPOINTS UP TO 2 FACULTY MEMBERS AND UP TO 10 NON-USF FACULTY MEMBERS TO THE BOARD OF DIRECTORS. ONE MEMBER OF THE BOARD OF DIRECTORS IS A DESIGNEE MEMBER OF THE UNIVERSITY OF SOUTH FLORIDA BOARD OF TRUSTEES. Form 990, Part VI, Section A, line 7b THE PROPERTY AFFAIRS, ACTIVITIES AND CONCERNS OF THE RESEARCH FOUNDATION SHALL BE VESTED IN THE BOARD OF DIRECTORS. ALL MANAGEMENT FUNCTIONS SHALL BE EXERCISED BY THE BOARD OF DIRECTORS, SUBJECT TO DELEGATION BY THE BOARD TO THE OFFICERS AND THE EXECUTIVE COMMITTEE. THE PRESIDENT OF THE UNIVERSITY OF SOUTH FLORIDA SHALL HAVE AUTHORITY AND RESPONSIBLITY TO MONITOR AND CONTROL THE USE OF THE UNIVERSITY'S RESOURCES AND NAME IN ACCORDANCE WITH APPLICABLE FLORIDA LAWS AND BOARD OF TRUSTEES AND UNIVERSITY OF SOUTH FLORIDA RULES AND POLICIES. CHANGES TO THE ARTICLES OF INCORPORATION MAY BE MADE BY TWO-THIRDS (2/3) VOTE OF THE BOARD OF DIRECTORS AT ANY MEETING OF THE BOARD, AND IN ALL INSTANCES, WITH THE WRITTEN CONCURRENCE OF THE PRESIDENT OF THE UNIVERSITY. ANY DIRECTOR OR DIRECTORS (EXCEPT FOR THE DIRECTOR APPOINTED BY THE CHAIRMAN OF THE BOARD OF TRUSTEES) MAY BE REMOVED FROM OFFICE BY THE PRESIDENT OF THE UNIVERSITY OF SOUTH FLORIDA. Form 990, Part VI, Section B, line 11 THE AUDIT COMMITTEE REVIEWS AND RECOMMENDS ACCEPTANCE OF THE FORM 990 TO THE BOARD OF DIRECTORS PRIOR TO ITS SUBMISSION. ALSO, A COPY OF THE FORM 990 IS SENT TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Section B, line 12c THE CONFLICT OF INTEREST POLICY REQUIRES ANNUAL DISCLOSURE, PROVIDES FOR A HEARING PROCESS FOR SUSPECTED VIOLATIONS AND CORRECTIVE OR DISCIPLINARY ACTION SHOULD THAT HEARING PROCESS DETERMINE A VIOLATION. PRIOR TO TAKING A SEAT AS A DIRECTOR OR A COMMITTEE MEMBER, AND ANNUALLY THEREAFTER AS LONG AS SUCH PERSON CONTINUES TO SERVE AS A DIRECTOR OR COMMITTEE MEMBER, SUCH PERSON SHALL COMPLETE, SIGN AND DELIVER TO THE PRESIDENT OF THE ORGANIZATION A DISCLOSURE STATEMENT AFFIRMING THAT SUCH PERSON (A) HAS RECEIVED A COPY OF THE ORGANIZATION'S CONFLICTS OF INTEREST POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, (C) HAS AGREED TO COMPLY WITH THE POLICY, AND (D) UNDERSTANDS THAT THE ORGANIZATION IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. in the event of a conflict, that person will recuse himself/herself from all discussions and votes. Form 990, Part VI, Section B, line 15 THE FOUNDATION ADHERES TO AN OUTLINED PHILOSOPHY AND STRATEGY WITH regards to how it DETERMINEs COMPENSATION FOR its EXECUTIVE DIRECTOR. THE BASIC PRINCIPLES ARE TO ENSURE PAY IS COMPETITIVE, IS ENHANCED FOR THE ACQUISITION AND APPLICATION OF COMPETENCIES/CONTRIBUTIONS VALUED BY USF, AND IS ENHANCED FOR SUCCESSFUL OUTCOMES. THE USF RESEARCH FOUNDATION DOES NOT HAVE A FORMAL PROCESS FOR DETERMINING COMPENSATION OF OTHER OFFICERS AS IT DOES NOT COMPENSATE ANY OF ITS BOARD MEMBERS, AND THE OFFICERS ARE COMPENSATED THROUGH A RELATED TAX EXEMPT ORGANIZATION (THE UNIVERSITY OF SOUTH FLORIDA). key personnel in support of the foundation are subject to compensation, classification and all other personnel policies of the university TO ENSURE REASONABLENESS. Form 990, Part VI, Section C, line 19 IT IS THE RESEARCH FOUNDATION'S POLICY, UPON RECEIPT OF A REASONABLE AND SPECIFIC REQUEST IN WRITING, TO MAKE PUBLIC RESEARCH FOUNDATION FINANCIAL INFORMATION, INCLUDING EXPENDITURES FROM RESEARCH FOUNDATION FUNDS, DOCUMENTATION REGARDING COMPLETED BUSINESS TRANSACTIONS AND INFORMATION ABOUT THE INVESTMENT AND MANAGEMENT OF RESEARCH FOUNDATION ASSETS; HOWEVER, THE RESEARCH FOUNDATION WILL NOT RELEASE PROPRIETARY INFORMATION. THE FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE USF RESEARCH FOUNDATION WEBSITE. Form 990, Part XI, line 9: PARTNERSHIP INVESTMENT Income -20,928. CAUSF OFFICE LLC 3802 SPECTRUM BLVD SUITE 100 TAMPA FL 33612 550858821 REAL ESTATE FL 0 0 N/A CAUSF RESEARCH LLC 3802 SPECTRUM BLVD SUITE 100 TAMPA FL 33612 341982817 REAL ESTATE FL 0 0 N/A UNIVERSITY OF SOUTH FLORIDA 4202 E FOWLER AVENUE TAMPA FL 33620 593102112 EDUCATION FL 115(I) n/a N/A 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 1 1 0 UNIVERSITY OF SOUTH FLORIDA C 700000 FMV UNIVERSITY OF SOUTH FLORIDA J 6552620 FMV UNIVERSITY OF SOUTH FLORIDA O 1298306 FMV UNIVERSITY OF SOUTH FLORIDA Q 233105 FMV UNIVERSITY OF SOUTH FLORIDA R 1569875 FMV