UNIVERSITY ENTERPRISE LABORATORIES INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: UNIVERSITY ENTERPRISE LABORATORIES INC (EIN 41-2093194)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-11-17
IRS object ID: 202543219349303784
Schema version: 2024v5.2
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 D
Schedule L
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-11-17T09:16:01-06:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	390859910	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BAKER TILLY ADVISORY GROUP LP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	225 S 6TH ST 2300	AddressLine1Txt
City	MINNEAPOLIS	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55402	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	412093194	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	UNIVERSITY ENTERPRISE LABORATORIES INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	UNIV	BusinessNameControlTxt
Phone	6516412800	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1000 WESTGATE DRIVE SUITE 101	AddressLine1Txt
City	ST PAUL	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55114	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MICHAEL GIETL	PersonNm
Person Title	TREASURER	PersonTitleTxt
Phone	6516412800	PhoneNum
Signature	2025-11-13	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (1)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	KAREN A GRIES	PreparerPersonNm
PTIN	P00078514	PTIN
Phone	6128764500	PhoneNum
Preparation	2025-11-13	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	BARBARA NELSEN	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1000 WESTGATE DRIVE SUITE 101	AddressLine1Txt
City	ST PAUL	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55114	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$4,485,387	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.UELMN.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2002	FormationYr
Legal Domicile State	MN	LegalDomicileStateCd
Activity Or Mission	SEE SCHEDULE O.UNIVERSITY ENTRPRISE LABORATORIES (UEL) IS ORGANIZED FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES. IT SERVES AS A LABORATORY-BASED INCUBATOR FOR EMERGING LIFE SCIENCE COMPANIES BY PROVIDING ACCESS TO WORLD-CLASS LABORATORY FACILITIES, SHARED EQUIPMENT, BUSINESS AND ENTREPRENEURSHIP TRAINING, A COMMUNITY OF STARTUPS, AND COLLABORATION WITH UNIVERSITY-BASED RESEARCHERS. IT ALSO SUPPORTS STUDENT WORK EXPERIENCE THROUGH INTERNSHIP OPPORTUNITIES, AND TECHNOLOGY TRANSFER WITH THE UNIVERSITY OF MINNESOTA. IT IS ORGANIZED AND WILL CONTINUE TOBE OPERATED TO PROMOTE, ENCOURAGE, AND AID SCIENTIFIC INVESTIGATION, RESEARCH, TECHNOLOGICAL ADVANCEMENT, EDUCATIONAL OPPORTUNITIES, AND ENTREPRENEURSHIP; PROMOTE, ENCOURAGE AND AID IN THE MUTUAL TRANSFER AND APPLICATION OF SCIENTIFIC INVESTIGATION AND RESEARCH, TECHNOLOGICALADVANCEMENT, AND EDUCATIONAL OPPORTUNITIES IN COLLABORATION WITH EDUCATIONAL AND RESEARCH INSTITUTIONS, INDUSTRY, BUSINESS, AND GOVERNMENT.	ActivityOrMissionDesc
Voting Members Governing Body	12	VotingMembersGoverningBodyCnt
Voting Members Independent	11	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	12	TotalVolunteersCnt
Total Gross UBI	$48,600	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$70,001	PYContributionsGrantsAmt
CY Contributions Grants	$33,333	CYContributionsGrantsAmt
PY Program Service Revenue	$4,053,004	PYProgramServiceRevenueAmt
CY Program Service Revenue	$4,451,652	CYProgramServiceRevenueAmt
PY Investment Income	$798	PYInvestmentIncomeAmt
CY Investment Income	$402	CYInvestmentIncomeAmt
PY Other Revenue	$7,067	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$4,130,870	PYTotalRevenueAmt
CY Total Revenue	$4,485,387	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$69,412	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$0	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$4,042,386	PYOtherExpensesAmt
CY Other Expenses	$4,313,404	CYOtherExpensesAmt
PY Total Expenses	$4,111,798	PYTotalExpensesAmt
CY Total Expenses	$4,313,404	CYTotalExpensesAmt
PY Revenues Less Expenses	$19,072	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$171,983	CYRevenuesLessExpensesAmt
Total Assets BOY	$20,324,135	TotalAssetsBOYAmt
Total Assets EOY	$21,109,147	TotalAssetsEOYAmt
Total Liabilities BOY	$15,989,623	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$16,602,652	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$4,334,512	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$4,506,495	NetAssetsOrFundBalancesEOYAmt
Mission	THE MISSION OF THE UNIVERSITY ENTERPRISE LABORATORIES IS TO SUPPORT EARLY-STAGE VENTURES IN LIFE SCIENCES TO GROWTH AND COMMERCIAL SUCCESS THROUGH CONNECTIONS, SERVICES, AND WORLD-CLASS LABORATORY FACILITIES IN MINNESOTA'S ENTREPRENEURSHIP ECOSYSTEM.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$4,071,278	ExpenseAmt
Revenue	$4,403,052	RevenueAmt
Desc	SERVES AS A LABORATORY-BASED INCUBATOR FOR EMERGING LIFE SCIENCE COMPANIES BY PROVIDING ACCESS TO WORLD-CLASS LABORATORY FACILITIES, SHARED EQUIPMENT, BUSINESS AND ENTREPRENEURSHIP TRAINING, A COMMUNITY OF STARTUPS, AND COLLABORATION WITH UNIVERSITY-BASED RESEARCHERS.	Desc
Total Program Service Expenses	$4,071,278	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	Yes (1)	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	Yes (1)	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	16	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	12	GoverningBodyVotingMembersCnt
Independent Voting Member	11	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	Yes (1)	DelegationOfMgmtDutiesInd
Change To Org Documents	Yes (1)	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	MN	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SARAH ROSSER	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	9528769213	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2001 KILLEBREW DRIVE SUITE 100	AddressLine1Txt
City	BLOOMINGTON	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55425	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
BARBARA NELSEN
CHAIR	1.00	Yes (X)	Yes (X)	$0	$0	$0
JESSICA MOGILKA
VICE CHAIR	1.00	Yes (X)	Yes (X)	$0	$0	$0
MICHAEL GIETL
TREASURER	1.00	Yes (X)	Yes (X)	$0	$0	$0
KRISTIN GUILD
SECRETARY	1.00	Yes (X)	Yes (X)	$0	$0	$0
ANDY LAFRENCE
PAST CHAIR	1.00	Yes (X)		$0	$0	$0
FRANK JASKULKE
DIRECTOR	1.00	Yes (X)		$0	$0	$0
LISA HERRON-OLSON
DIRECTOR	1.00	Yes (X)		$0	$0	$0
PAT MASCIA
DIRECTOR	1.00	Yes (X)		$0	$0	$0
ROBERT ELDE
DIRECTOR	1.00	Yes (X)		$0	$0	$0
STEVE KELLEY
DIRECTOR	1.00	Yes (X)		$0	$0	$0
STEVE MERTENS
DIRECTOR	1.00	Yes (X)		$0	$0	$0
DENISE HOLLOMAN
DIRECTOR	1.00	Yes (X)		$0	$0	$0
BRAD LARMIE
EXECUTIVE DIRECTOR	40.00		Yes (X)	$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$0	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
TAPESTRY MANAGEMENT LLC
2001 KILLEBREW DR STE 100	MINNEAPOLIS	MN	55425	MANAGEMENT SERVICES	$722,178
CLOVER MAINTENANCE
7229 177TH AVE NE	FOREST LAKE	MN	55025	JANITORIAL SERVICES	$271,880
CONSOLIDATED MACHINE CORP
76 ASHFORD ST	ALLSTON	MA	02134	ELECTRICAL EQUIPMENT	$110,525
HAMERNICK DECORATING CENTER
1381 RICE ST	SAINT PAUL	MN	55117	INTERIOR SERVICES	$100,802

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	4	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$33,333	AllOtherContributionsAmt
Total Contributions	$33,333	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
RENTAL INCOME	532000	$4,428,985	$4,380,385	$48,600
MAILBOX RENTALS	532000	$9,450	$9,450
MISCELLANEOUS REVENUE	900099	$7,000	$7,000
FORFEITED DEPOSITS	900099	$6,217	$6,217

Field	Value	IRS element (for citing)
Total Program Service Revenue	$4,451,652	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$402	TotalRevenueColumnAmt
Exclusion	$402	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$4,485,387	TotalRevenueColumnAmt
Related Or Exempt Func Income	$4,403,052	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$48,600	UnrelatedBusinessRevenueAmt
Exclusion	$402	ExclusionAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$167,751	TotalAmt
Management And General	$167,751	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$4,817	TotalAmt
Program Services	$4,817	ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$70,761	TotalAmt
Program Services	$30,000	ProgramServicesAmt
Management And General	$40,761	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$405,762	TotalAmt
Program Services	$381,017	ProgramServicesAmt
Management And General	$24,745	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$30,696	TotalAmt
Program Services	$30,696	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$52,485	TotalAmt
Program Services	$51,907	ProgramServicesAmt
Management And General	$578	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$19,027	TotalAmt
Program Services	$19,027	ProgramServicesAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$1,007,581	TotalAmt
Program Services	$1,007,581	ProgramServicesAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$897,815	TotalAmt
Program Services	$897,815	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$935,438	TotalAmt
Program Services	$935,438	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$83,257	TotalAmt
Program Services	$74,966	ProgramServicesAmt
Management And General	$8,291	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
REPAIRS & MAINTENANCE	$602,093	$602,093
DUES & SUBSCRIPTIONS	$16,061	$16,061
TENANT ACTIVITES	$12,156	$12,156
EQUIPMENT RENTAL	$7,704	$7,704

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$4,313,404	TotalAmt
Program Services	$4,071,278	ProgramServicesAmt
Management And General	$242,126	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$587,733	BOYAmt
EOY	$1,091,587	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$746,315	BOYAmt
EOY	$895,893	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$62,725	BOYAmt
EOY	$52,051	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$126,797	BOYAmt
EOY	$144,317	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$33,017,143	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$14,530,205	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$18,348,018	BOYAmt
EOY	$18,486,938	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$452,547	BOYAmt
EOY	$438,361	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$20,324,135	BOYAmt
EOY	$21,109,147	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$139,015	BOYAmt
EOY	$280,001	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$33,602	BOYAmt
EOY	$102,082	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$14,685,040	BOYAmt
EOY	$16,055,921	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,131,966	BOYAmt
EOY	$164,648	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$15,989,623	BOYAmt
EOY	$16,602,652	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$4,334,512	BOYAmt
EOY	$4,506,495	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$4,334,512	BOYAmt
EOY	$4,506,495	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$20,324,135	BOYAmt
EOY	$21,109,147	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$171,983	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	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 (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	Yes (X)	PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$147,546	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$242,020	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$98,211	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$70,001	CurrentTaxYearMinus1YearAmt
Current Tax Year	$33,333	CurrentTaxYearAmt
Total	$591,111	TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$3,607,632	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,587,502	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$3,825,371	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$4,004,404	CurrentTaxYearMinus1YearAmt
Current Tax Year	$4,403,052	CurrentTaxYearAmt
Total	$19,427,961	TotalAmt

Total509 Total509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$3,755,178	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,829,522	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$3,923,582	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$4,074,405	CurrentTaxYearMinus1YearAmt
Current Tax Year	$4,436,385	CurrentTaxYearAmt
Total	$20,019,072	TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,252,169	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,016,958	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,041,496	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$984,717	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,847,411	CurrentTaxYearAmt
Total	$7,142,751	TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,252,169	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,016,958	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,041,496	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$984,717	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,847,411	CurrentTaxYearAmt
Total	$7,142,751	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total509	$12,876,321	PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$5,716	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,833	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,971	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$798	CurrentTaxYearMinus1YearAmt
Current Tax Year	$402	CurrentTaxYearAmt
Total	$12,720	TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$5,716	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,833	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,971	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$798	CurrentTaxYearMinus1YearAmt
Current Tax Year	$402	CurrentTaxYearAmt
Total	$12,720	TotalAmt

Other Income509 OtherIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,146	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$4,748	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus1 Year	$7,067	CurrentTaxYearMinus1YearAmt
Total	$12,961	TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$3,762,040	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,838,103	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$3,925,553	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$4,082,270	CurrentTaxYearMinus1YearAmt
Current Tax Year	$4,436,787	CurrentTaxYearAmt
Total	$20,044,753	TotalAmt

Field	Value	IRS element (for citing)
Public Support CY509	0.64240	PublicSupportCY509Pct
Public Support PY509	0.65630	PublicSupportPY509Pct
Investment Income CY	0.00060	InvestmentIncomeCYPct
Investment Income PY	0.00110	InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509	Yes (X)	ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,420,000	OtherCostOrOtherBasisAmt
Book Value	$2,420,000	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$22,237,609	OtherCostOrOtherBasisAmt
Depreciation	$8,458,886	DepreciationAmt
Book Value	$13,778,723	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$7,345,837	OtherCostOrOtherBasisAmt
Depreciation	$5,290,111	DepreciationAmt
Book Value	$2,055,726	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,013,697	OtherCostOrOtherBasisAmt
Depreciation	$781,208	DepreciationAmt
Book Value	$232,489	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$18,486,938	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	REFUNDABLE SECURITY DEPOSITS	Desc
Amt	$164,648	Amt

Field	Value	IRS element (for citing)
Total Liability	$164,648	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE ORGANIZATION FOR UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024 AND 2023. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES.	ExplanationTxt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LISA HERRON-OLSON SYNTIRON	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Relationship Description	DIRECTOR OF UEL AND COO OF SYNTIRON, A TENANT	RelationshipDescriptionTxt
Transaction	$94,781	TransactionAmt
Transaction	RENT PAID TO UNIVERSITY ENTERPRISE LABORATORIES BY SYNTIRON, WHERE LISA HERRON-OLSON SERVES AS CHIEF OPERATING OFFICER.	TransactionDesc
Sharing Of Revenues	0	SharingOfRevenuesInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1A	THE EXECUTIVE COMMITTEE SHALL ACT ONLY DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS AND SHALL AT ALL TIMES BE SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD OF DIRECTORS. DURING SUCH INTERVALS AND SUBJECT TO SUCH CONTROL AND DIRECTION, THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE AUTHORITY AND POWERS OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE AFFAIRS OF THE CORPORATION, SUBJECT TO SUCH LIMITATIONS AS THE BOARD OF DIRECTORS MAY IMPOSE.
FORM 990, PART VI, SECTION A, LINE 3	BUILDING OPERATIONS, LEASING, AND OTHER PROPERTY MANAGEMENT DUTIES ARE DELEGATED TO TAPESTRY MANAGEMENT LLC. MISSION-RELATED WORK IS SUPPORTED BY AN EXECUTIVE DIRECTOR AND BY THE UEL BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 4	BYLAWS WERE AMENDED TO EXTEND THE TERM SERVED BY OFFICERS OF THE ORGANIZATION FROM ONE TO TWO YEARS.
FORM 990, PART VI, SECTION A, LINE 7A	THE UNIVERSITY OF MINNESOTA FOUNDATION HAS THE RIGHT AS STAKEHOLDER TO APPOINT TWO DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 11B	FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT FOR INTERNAL REVIEW. ONCE FINALIZED, THE EXECUTIVE COMMITTEE REVIEWS THE RETURN BEFORE IT IS SENT TO THE FULL BOARD FOR APPROVAL BEFORE FILING.
FORM 990, PART VI, SECTION B, LINE 12C	BOARD MEMBERS COMPLETE CONFLICT OF INTEREST STATEMENTS ANNUALLY AND ARE REQUIRED TO REPORT ANY CHANGES AS THEY ARISE. IT SHALL BE THE POLICY OF UNIVERSITY ENTERPRISE LABORATORIES, INC. (HEREINAFTER REFERRED TO AS THE "CORPORATION") THAT ALL DIRECTORS SHALL SCRUPULOUSLY AVOID ANY CONFLICT BETWEEN THEIR OWN RESPECTIVE INDIVIDUAL INTERESTS AND THE INTERESTS OF THE CORPORATION IN ANY AND ALL ACTIONS TAKEN BY THEM ON BEHALF OF THE CORPORATION IN THEIR REPRESENTATIVE CAPACITIES. NO DIRECTOR OF THE CORPORATION SHALL USE HIS OR HER POSITION IN A MANNER THAT MAY CREATE A CONFLICT BETWEEN PERSONAL INTERESTS AND THOSE OF THE CORPORATION OR RELATED ENTITY, OR OTHERWISE ENGAGE IN ACTIONS THAT MAY CREATE A CONFLICT OF INTEREST. DIRECTORS SHALL COMPLY WITH ALL GOVERNMENTAL STATUTES, ORDINANCES AND REGULATIONS, INCLUDING THOSE RELATING TO CONFLICTS OF INTEREST. THE CORPORATION MAY ENTER INTO A TRANSACTION INVOLVING A CONFLICT OF INTEREST IF ANY ONE OF THE FOLLOWING IS TRUE: A. FAIRNESS AND REASONABLENESS: THE CONTRACT OR TRANSACTION WAS FAIR AND REASONABLE TO THE CORPORATION. WHETHER A CONTRACT OR TRANSACTION IS FAIR AND REASONABLE TO THE CORPORATION WILL BE DETERMINED BY LOOKING TO THE TIME THE CONTRACT OR TRANSACTION WAS ANTHORIZED, APPROVED OR RATIFIED. THE PARTY ASSERTING THE VALIDITY OF THE CONTRACT OR TRANSACTION HAS THE BURDEN OF ESTABLISHING THE CONTRACT OR TRANSACTION'S FAIRNESS AND REASONABLENESS TO THE CORPORATION. B. DISCLOSURE OF MATERIAL FACTS TO BOARD: THE MATERIAL FACTS ABOUT BOTH THE CONTRACT OR TRANSACTION AND A DIRECTOR'S INTEREST IN THE CONTRACT OR TRANSACTION ARE EITHER FULLY DISCLOSED OR KNOWN TO THE BOARD OR A COMMITTEE OF CORPORATION. IN SUCH CASES, THE CONTRACT OR TRANSACTION MUST BE AUTHORIZED, RATIFIED, OR APPROVED IN GOOD FAITH BY A MAJORITY OF THE BOARD OR COMMITTEE. THE VOTE OF ANY INTERESTED DIRECTOR DOES NOT COUNT FOR PURPOSE OF DETERMINING WHAT CONSTITUTES A MAJORITY VOTE, AND THE PRESENCE OF ANY INTERESTED DIRECTOR AT A MEETING AT WHICH SUCH A VOTE IS TAKEN DOES NOT COUNT IN DETERMINING THE PRESENCE OF A QUORUM. C. MERGER OR CONSOLIDATION: THE CONTRACT OR TRANSACTION IS A MERGER OR CONSOLIDATION DESCRIBED IN MINNESOTA STATUTES 317A.601. A DIRECTOR OF THE CORPORATION MAY BE A PARTY TO THE CONTRACT OR TRANSACTION AND MAY BE PRESENT AT THE MEETING AT WHICH THE CONTRACT OR TRANSACTION WAS AUTHORIZED, APPROVED, OR RATIFIED, BUT MAY NOT BE INVOLVED IN THE DISCUSSIONS OR VOTE ON SUCH TRANSACTION.
FORM 990, PART VI, SECTION B, LINE 15	THE EXECUTIVE COMMITTEE REVIEWS IN DETAIL AND APPROVES THE MANAGEMENT AGREEMENT. IN ADDITION, THEY REVIEW AND APPROVE THE BUDGET WHICH INCLUDES EMPLOYEE COMPENSATION AT THE BEGINNING OF EACH YEAR.
FORM 990, PART VI, SECTION C, LINE 19	INFORMATION IS AVAILABLE UPON REQUEST OF THE MANAGEMENT COMPANY OR MAILING.
FORM 990, PART XII, LINE 2C:	THE PROCESSES FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT WERE NOT CHANGED DURING THE YEAR.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	UEL REAL ESTATE HOLDINGS LLC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1000 WESTGATE DRIVE	AddressLine1Txt
City	ST PAUL	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55114	ZIPCd

Field	Value	IRS element (for citing)
EIN	202133240	EIN
Primary Activities	LAB RENTAL TO EMERGING LIFE SCIENCE COMPANIES	PrimaryActivitiesTxt
Legal Domicile State	MN	LegalDomicileStateCd
Total Income	$4,452,054	TotalIncomeAmt
End Of Year Assets	$21,016,010	EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	UNIVERSITY ENTERPRISE LABORATORIES	BusinessNameLine1Txt