2015-05-12T12:04:43-05:00 2014-06-30 351489521 GREENWALT CPAS INC 5342 W VERMONT STREET INDIANAPOLIS IN 46224 990 2013-07-01 351990726 INDIANA UNIVERSITY RESEARCH & TECHNOLOGY CORPORATION INDI 3172781911 351 WEST 10TH STREET INDIANAPOLIS IN 46202 ANTHONY T ARMSTRONG CEO 3172781901 2015-05-11 AMANDA MEKO CPA P01062615 3172412999 2013 2016-03-07 17:11:31Z ANTHONY T ARMSTRONG 351 WEST 10TH STREET INDIANAPOLIS IN 46202 8067115 0 X WWW.IURTC.IU.EDU X 1996 IN THE INDIANA UNIVERSITY RESEARCH AND TECHNOLOGY CORPORATION (IURTC) SERVES INDIANA UNIVERSITY, THE STATE OF INDIANA, AND THE NATION THROUGH CREATION AND APPLICATION OF THE UNIVERSITY DEVELOPED TECHNOLOGIES AND SERVICES, AND THE EXPANDED LINKAGE OF THE PRIVATE SECTOR TO THE UNIVERSITY. IURTC HAS ASSISTED THE UNIVERSITY AND ITS FACULTY IN PATENTING AND ADVANCING UNIVERSITY TECHNOLOGY THROUGH LICENSING WITH EXISTING COMPANIES, AND ESTABLISHING NEW COMPANIES. 16 7 31 0 -303820 -724611 408225 1744774 2207227 2471556 431960 -2856481 1621320 1284238 4668732 2644087 0 0 0 0 2653072 2614210 0 0 0 3143226 3478627 5796298 6092837 -1127566 -3448750 33631094 30344105 2881129 2038321 30749965 28305784 X THE INDIANA UNIVERSITY RESEARCH AND TECHNOLOGY CORPORATION (IURTC) SERVES INDIANA UNIVERSITY, THE STATE OF INDIANA, AND THE NATION THROUGH CREATION AND APPLICATION OF THE UNIVERSITY DEVELOPED TECHNOLOGIES AND SERVICES, AND THE EXPANDED LINKAGE OF THE PRIVATE SECTOR TO THE UNIVERSITY. IURTC HAS ASSISTED THE UNIVERSITY AND ITS FACULTY IN PATENTING AND ADVANCING UNIVERSITY TECHNOLOGY THROUGH LICENSING WITH EXISTING COMPANIES, AND ESTABLISHING NEW COMPANIES. 1 0 3318134 TECHNOLOGY COMMERCIALIZATION PROMOTES THE TRANSFER OF NEW DISCOVERIES FROM THE LABORATORY TO THE MARKETPLACE THROUGH PATENTING AND LICENSING OF UNIVERSITY INVENTIONS. TECHNOLOGY COMMERCIALIZATION FORMS KEY PARTNERSHIPS WITH CORPORATIONS AND BUSINESS ASSISTANCE PROVIDERS TO ENSURE THAT A PRODUCT, FORMULA, OR PROCESS IS VIABLE. 971541 IU INNOVATION CENTER - INDIANAPOLIS - (IUIC - INDIANAPOLIS) FORMERLY THE INDIANA UNIVERSITY EMERGING TECHNOLOGIES CENTER - THE IURTC OPERATES THE IUIC - INDIANAPOLIS, A LIFE SCIENCES AND INFORMATION TECHNOLOGY BASED BUSINESS INCUBATOR IN INDIANAPOLIS, INDIANA. THE IURTC IS RESPONSIBLE FOR OPERATIONS AND MAINTENANCE OF THE FACILITY. THE IURTC COLLABORATES WITH THE UNIVERSITY AND THE INDIANA UNIVERSITY FOUNDATION (IUF) ON THE USES OF THE FACILITY AND FUNDING STREAMS TO SUPPORT THE FACILITY. 634497 INSTITUTE FOR JUVENILE COURT AND CORRECTIONS RESEARCH (IJCCR) - THIS PROGRAM HAS BEEN IMPLEMENTED IN COOPERATION WITH CALAMARI PRODUCTIONS. THE IURTC MANAGES, PROMOTES, AND LICENSES VIDEO CONTENT OF JUVENILE COURT AND CORRECTIONS PROCEEDINGS FOR RESEARCH AND EDUCATIONAL OPPORTUNITIES. 217711 SPIN UP - THE SPIN UP PROGRAM IS ESTABLISHED TO FULLY REALIZE THE BENEFITS OF UNIVERSITY INNOVATIONS THROUGH START-UP COMPANY FORMATION AND SUPPORT. 400463 INVESTMENTS - THE IURTC MANAGES THE BUSINESS AND INVESTMENTS UNDER THE IIF REGARDING PLANNING, OPERATIONS, AND INVESTMENTS. THE IIF IS ESTABLISHED TO ACQUIRE, HOLD, DISPOSE, AND MANAGE INVESTMENTS IN LIFE SCIENCE AND TECHNOLOGY COMPANIES. AN INVESTMENT COMMITTEE IS UTILIZED TO ASSIST WITH INVESTMENT DECISIONS. 16234 IU TECHNOLOGY CORRIDOR - (IUTC) - THE IURTC LEASES THE PREMISES FROM THE UNIVERSITY TO DEVELOP, OPERATE AND MAINTAIN A RESEARCH AND ADVANCED TECHNOLOGY PARK NEAR THE BLOOMINGTON, INDIANA CAMPUS. 5000 IU INTERNATIONAL CONSULTING AND RESEARCH (IUICR) - THE IUICR ENABLES THE UNIVERSITY TO ACCELERATE ACADEMIC ACTIVITIES AND PARTNERSHIPS THROUGHOUT CHINA AND OTHER INTERNALTIONAL LOCATIONS. THE IUICR WILL BE USED TO SUPPORT A WIDE VARIETY OF TEACHING, RESEARCH, AND OUTREACH ACTIVITIES INTERNATIONALLY AND IMPROVE RELATIONS WITH INTERNATIONAL GRADUATES OF THE UNIVERSITY. 639408 5563580 1 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 150 0 1 31 1 1 1 0 0 0 0 0 0 0 0 0 X 16 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X MICHAEL J BURTON CFO 3172781911 351 WEST 10TH STREET INDIANAPOLIS IN 46202 ANTHONY ARMSTRONG PRESIDENT AND CEO 40.00 X X 0 211905 31533 MICHAEL MCROBBIE MEMBER 1.00 40.00 X 0 844928 40139 WILLIAM STEPHAN MEMBER 1.00 40.00 X 0 297111 35039 ROBERT SCHNABEL MEMBER 1.00 40.00 X 0 309090 34582 BRADLEY WHEELER MEMBER 1.00 40.00 X 0 316844 34525 THEODORE WIDLANSKI MEMBER 1.00 40.00 X 0 183009 32076 JAY HESS MEMBER 1.00 X 0 156678 15529 DAVID JOHNSON MEMBER 1.00 X 0 0 0 CHARLES SCHALLIOL MEMBER 1.00 X 0 0 0 DANIEL SMITH MEMBER 1.00 40.00 X 0 0 0 JORGE JOSE MEMBER 1.00 40.00 X 0 309599 30346 GARY ANDERSON MEMBER 1.00 X 0 0 0 PAT CALLAHAN MEMBER 1.00 X 0 0 0 HARRY GONSO MEMBER 1.00 X 0 0 0 MARK HILL MEMBER 1.00 X 0 0 0 WILLIAM NEALE MEMBER 1.00 X 0 0 0 MARIE KERBESHIAN VP OF TECH COMMUNICATION 40.00 X 187469 0 36638 MICHAEL BURTON VP OF FINANCE 40.00 X 124363 0 30007 KEN GREEN VP OF ENTREPRENEURIAL VENTURES 40.00 X 184566 0 24500 BILLY BRIZZARD DIRECTOR OF TECHNOLOGY TRANSFER 40.00 X 102609 0 16162 JOSEPH TREBLEY HEAD OF STARTUP SUPPORT & PROMOTION 40.00 X 118601 0 11449 717608 2629164 372525 5 0 1 0 BARNES & THORNBURG LLP 11 S MERIDIAN ST INDIANAPOLIS IN 46204 LEGAL 875742 FAEGRE BAKER & DANIELS 600 E 96TH ST SUITE 600 INDIANAPOLIS IN 46240 LEGAL 306741 ARMSTRON TEASDALE 7700 FORSYTH BLVD SUITE 1800 ST LOUIS MO 63105 LEGAL 133431 3 1744774 1744774 MANAGEMENT FEES -- IU CONTRACT RE 541610 2003266 2003266 RENT INCOME 531120 466790 466790 SERVICE REVENUE 541610 1500 1500 2471556 126103 126103 1587993 1587993 2440444 5423028 -2982584 -2982584 -3000977 18393 MANAGEMENT FEES - IIF 541900 197600 197600 OTHER INCOME 541900 8981 8981 K-1 INCOME FROM PASS THROUGH ENTI 541900 -510336 -501420 -8916 -303755 2644087 -520440 -303820 1723573 X 587544 346651 240893 1578972 1159937 419035 131957 111616 20341 183505 121900 61605 132232 100048 32184 1491337 1454941 36396 36200 2800 33400 783686 748686 35000 68234 48349 19885 69005 46073 22932 26693 18820 7873 373248 349823 23425 93758 72750 21008 449425 425973 23452 1913 1913 BAD DEBT EXPENSE 55000 55000 0 DUES AND SUBSCRIPTIONS 23745 15633 8112 PERSONNEL EXPENSES 5700 2421 3279 PRINTING 683 494 189 479752 -479752 6092837 5563580 529257 0 4828624 5640161 674229 0 207299 929039 955502 948542 8654 8770 17628568 3584687 13830373 14043881 491962 0 12560326 8631815 74125 141897 33631094 30344105 902030 1182248 1979099 856073 2881129 2038321 X 30481252 27306929 268713 998855 30749965 28305784 33631094 30344105 X -3448750 -15253 1019823 X X 0 1 X 1 0 X X 0 0 0 INDIANA UNIVERSITY 356001673 6 1 1 1 605183 1 605183 500000 500000 15661619 2824133 12837486 436233 90929 345304 849381 669625 179756 181335 181335 14043881 NON-PUBLICLY TRADED STOCKS 1751815 C INNOVATE INDIANA FUND I, LLC 6880000 C 8631815 RELATED PARTY PAYABLE: UNIVERSITY 640415 OTHER PAYABLE: FOUNDATION 215658 856073 X 3722301 -15253 690383 675130 3047171 -403084 -403084 2644087 6783221 690383 690383 6092838 0 6092838 PART X, LINE 2: THE IURTC IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE (CODE). THE IURTC IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. THE IURTC INDIVIDUALLY EVALUATES ITS ACTIVITIES TO DETERMINE THAT THEY ARE IN COMPLIANCE WITH ITS TAX-EXEMPT PURPOSES. FOR THOSE ACTIVITIES THAT THE IURTC DETERMINES TO BE UNRELATED BUSINESS INCOME, THE IURTC RECORDS THE RESULTING UNRELATED BUSINESS INCOME TAX LIABILITY, IF ANY. THE IURTC'S MANAGEMENT DOES NOT BELIEVE IT IS ENGAGED IN ANY ACTIVITIES THAT WOULD CREATE UNCERTAIN TAX POSITIONS. ANY TAX LIABILITIES OWED FOR THE INVESTMENT IN IIF WOULD BE RECORDED IN THE FINANCIAL STATEMENTS. DUE TO LOSS POSITION OF IIF AT JUNE 30, 2014 AND 2013, NO TAXES WERE OWED BY THE IURTC. ALL TAX PERIODS PRIOR TO 2010 FOR THE IURTC ARE NO LONGER SUBJECT TO EXAMINATION. PART XI, LINE 4B - OTHER ADJUSTMENTS: ADJUSTMENT FOR INCOME FROM PASSTHROUGH ENTITIES -403,084. CHINA 1 1 CONSTRUCTION OF OFFICE IN CHINA, PAY OFFICE EXPENSES AND INDEPENDENT CONTRACTOR TO MANAGE THE OFFICE INDIANA UNIVERSITY INTERNATIONAL CONSULTING AND RESEARCH, LLC (IUICR) IS A SINGLE MEMBER LLC WITH IURTC AS THE SOLE MEMBER. THE IUICR ENABLES INDIANA UNIVERSITY TO ACCELERATE ACADEMIC ACTIVITIES AND PARTNERSHIPS THROUGHOUT CHINA AND OTHER INTERNATIONAL LOCATIONS. THE IUICR WILL BE USED TO SUPPORT A WIDE VARIETY OF TEACHING, RESEARCH, AND OUTREACH ACTIVITIES INTERNATIONALLY AND IMPROVE RELATIONS WITH INTERNATIONAL GRADUATES OF THE UNIVERSITY. 506407 INDIA 1 1 CONSTRUCTION IN PROGRESS ON INDIA OFFICE TO BE OPENED IN THE FOLLOWING TAX YEAR. INDIANA UNIVERSITY INTERNATIONAL CONSULTING AND RESEARCH, LLC (IUICR) IS A SINGLE MEMBER LLC WITH IURTC AS THE SOLE MEMBER. THE IUICR ENABLES INDIANA UNIVERSITY TO ACCELERATE ACADEMIC ACTIVITIES AND PARTNERSHIPS THROUGHOUT INDIA AND OTHER INTERNATIONAL LOCATIONS. THE IUICR WILL BE USED TO SUPPORT A WIDE VARIETY OF TEACHING, RESEARCH, AND OUTREACH ACTIVITIES INTERNATIONALLY AND IMPROVE RELATIONS WITH INTERNATIONAL GRADUATES OF THE UNIVERSITY. 159137 2 2 0 0 2 2 665544 0 665544 0 0 0 0 0 0 PART I, LINE 2: NO GRANTS PAID TO ORGANIZATIONS OUTSIDE THE UNITED STATES PART I, LINE 3: FOREIGN ACTIVITIES RELATED TO IUICR ARE ACCOUNTED FOR ON AN ACCRUAL BASIS OF ACCOUNTING AND ARE INCLUDED IN THE AUDITED CONSOLIDATED FINANCIAL STATEMENT FOR IURTC. X 0 0 0 0 0 0 0 0 0 ANTHONY ARMSTRONG PRESIDENT AND CEO 0 211905 0 0 0 0 0 21547 0 9986 0 243438 0 0 MICHAEL MCROBBIE MEMBER 0 844928 0 0 0 0 0 30600 0 9539 0 885067 0 0 WILLIAM STEPHAN MEMBER 0 297111 0 0 0 0 0 25500 0 9539 0 332150 0 0 ROBERT SCHNABEL MEMBER 0 309090 0 0 0 0 0 25500 0 9082 0 343672 0 0 BRADLEY WHEELER MEMBER 0 316844 0 0 0 0 0 30600 0 3925 0 351369 0 0 THEODORE WIDLANSKI MEMBER 0 183009 0 0 0 0 0 19993 0 12083 0 215085 0 0 JAY HESS MEMBER 0 156678 0 0 0 0 0 12500 0 3029 0 172207 0 0 JORGE JOSE MEMBER 0 309599 0 0 0 0 0 25500 0 4846 0 339945 0 0 MARIE KERBESHIAN VP OF TECH COMMUNICATION 187469 0 0 0 0 0 19141 0 17497 0 224107 0 0 0 MICHAEL BURTON VP OF FINANCE 124363 0 0 0 0 0 12671 0 17336 0 154370 0 0 0 KEN GREEN VP OF ENTREPRENEURIAL VENTURES 184566 0 0 0 0 0 18432 0 6068 0 209066 0 0 0 MICHAEL A MCROBBIE BOARD MEMBER OF IURTC 0 THIS INDIVIDUAL IS ALSO A BOARD MEMBER OF IU HEALTH PARTNERS, INC. IURTC OWNS 50% OF THE SHARES OF IU HEALTH PROTON THERAPY CENTER/MPRI AND IU HEALTH OWNS THE REMAING INTEREST. THIS INVESTMENT WAS WRITTEN OFF DURING THE YEAR ENDED JUNE 30, 2014. SINCE THIS INVESTMENT HAS SINCE BEEN DISPOSED, NO AMOUNT IS LISTED FOR THIS TRANSACTION. 0 PAT CALLAHAN BOARD MEMBER OF IURTC 306741 THIS INDIVIDUAL IS A PARTNER IN THE LAW FIRM FAEGRE, BAKER & DANIELS, WHICH IURTC USED FOR LEGAL WORK. THE LEGAL FEES PAID IS LISTED AS THE AMOUNT OF TRANSACTION. 0 FORM 990, PART III, LINE 2 IU INTERNATIONAL CONSULTING AND RESEARCH (IUICR) - THE IUICR ENABLES THE UNIVERSITY TO ACCELERATE ACADEMIC ACTIVITIES AND PARTNERSHIPS THROUGHOUT CHINA AND OTHER INTERNALTIONAL LOCATIONS. THE IUICR WILL BE USED TO SUPPORT A WIDE VARIETY OF TEACHING, RESEARCH, AND OUTREACH ACTIVITIES INTERNATIONALLY AND IMPROVE RELATIONS WITH INTERNATIONAL GRADUATES OF THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11 FINANCE AND AUDIT COMMITTE REVIEWS AND APPROVES. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD IS RESPONSIBLE FOR MONITORING THIS. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS REVIEWED BY THE BOARD'S EXECUTIVE COMMITTEE. ALL OTHERS ARE DETERMINED AS PART OF BUDGET APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 748,686. MANAGEMENT AND GENERAL EXPENSES 35,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 783,686. FORM 990, PART XI, LINE 9: K-1 LOSS NOT REPORTED ON FINANCIAL STATEMENTS 403,084. CHANGE IN INVESTMENT IN SUBSIDARY 616,739. PART XII, LINE 2C THE AUDIT COMMITTEE ASSUMES OVERSIGHT FOR THE FINANCIAL STATEMENTS. NO PROCESSES HAVE CHANGED FROM THE PRIOR YEAR. PART V, LINE 1C NO GAMING ACTIVITIES CONDUCTED BY THE ORGANIZATION. 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