2015-02-13T13:08:49-06:00 2014-06-30 560574444 CHERRY BEKAERT LLP 201 WEST MCBEE AVENUE SUITE 200 GREENVILLE SC 29601 990 2013-07-01 570750000 CLEMSON UNIVERSITY RESEARCH FOUNDATION CLEM 8646560925 PO BOX 946 CLEMSON SC 296330946 CHARLES TEGEN TREASURER 8646560925 2015-02-11 1 MARK H COOTER P00091236 8642333981 2015-02-11 2013 2016-02-25 16:41:14Z CHARLES TEGEN 391 COLLEGE AVE SUITE 401 CLEMSON SC 29631 9781133 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. 14 9 0 19 0 0 5591856 3769910 2088243 2213148 14616 193472 4254911 2723755 11949626 8900285 4226138 2350956 0 0 0 0 0 0 0 7843310 6587800 12069448 8938756 -119822 -38471 16565779 15053840 6219035 4745567 10346744 10308273 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 5463911 2350956 4451145 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 STATE OF SOUTH CAROLINA ENTITIES TO NATIONAL RESEARCH AND EDUCATION NETWORKS USING SCALABLE HIGH SPEED FACILITIES BASED NETWORKS. 5463911 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 14 9 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-SECRETARY 1.00 X X 0 0 0 JOSEPH T BAILEY DIRECTOR EMERTI - NON-VOTI 1.00 X 0 0 0 ANDREW B CAJKA DIRECTOR 1.00 X 0 0 0 KATHY HARRIS DIRECTOR 1.00 X 0 0 0 DOUGLAS HAUGH DIRECTOR 1.00 X 0 0 0 DENNIS H KEKAS DIRECTOR 1.00 X 0 0 0 FRANK A LANDGRAFF DIRECTOR-CHAIR 1.00 X X 0 0 0 CATHERINE PORTO EXEC DIR (NON VOTING) 37.50 X 0 177134 14385 DARRELL T SCOTT DIRECTOR 1.00 X 0 0 0 MICHAEL L WATT DIRECTOR 1.00 X 0 0 0 LARRY DOOLEY DIRECTOR - VICE CHAIR 1.00 36.50 X X 0 260765 49571 BRETT A DALTON DIRECTOR 1.00 36.50 X 0 321913 52069 GREG PICKETT DIRECTOR 1.00 36.50 X 0 229479 28316 JOHN W KELLY DIRECTOR 1.00 36.50 X 0 262600 54678 MARTINE LABERGE DIRECTOR 0.00 37.50 X 0 286178 23398 THOMAS R SCOTT DIRECTOR 1.00 36.50 X 0 260683 55871 CHARLES TEGEN TREASURER (NON VOTING) 1.00 36.50 X X 0 133892 29528 JAMES BARKER DIRECTOR (NON VOTING) 1.00 36.50 X 0 413365 57148 BILL L AMICK DIRECTOR (NON VOTING) 1.00 X 0 0 0 TRACY WARREN DIRECTOR 1.00 X 0 0 0 KIM WILKERSON DIRECTOR (NON VOTING) 1.00 X 0 0 0 JIM CLEMENTS DIRECTOR (NON VOTING) 1.00 X 0 0 0 JOHN BALLATO DIRECTOR 1.00 36.50 X 0 252052 25456 ANAD GRAMOPADHYE DIRECTOR 1.00 36.50 X 0 278254 16561 STAN AHALT DIRECTOR 1.00 X 0 0 0 CARLA RATHBONE CULR OFFICER 1.00 36.50 X 0 183449 40163 JAMES R BOTTUM DIRECTOR - FORMER 0.00 37.50 X 0 375508 46704 0 3435272 493848 0 1 1 0 0 2944910 825000 3769910 RENTAL FEES FROM RESEA 541700 1185461 1185461 RESEARCH CONTRACT 541700 783964 783964 RESEARCH LAB PROGRAMS 541700 243723 243723 2213148 13276 13276 485758 485758 361044 700000 189250 691598 171794 8402 180196 180196 MANAGEMENT FEES AND FA 541700 959537 959537 REGISTRATION FEES 541700 488209 488209 REIMBURSEMENT OF PREVI 541700 327792 327792 462459 462459 2237997 8900285 4451145 0 679230 X 2350956 2350956 259088 174132 84956 397183 397183 715093 364943 350150 19952 2600 17352 195202 195202 446955 14992 431963 1151525 1151525 8186 176 8010 21989 932 21057 123776 123776 415833 233897 181936 37665 12651 25014 CU PROGRAMS - CURF FUND 1848972 1167297 681675 CURF PROGRAMS-INDIRECT 617725 617725 CURF PROGRAMS-DIRECT CO 323996 323996 MISC EXPENSE 4660 4412 248 8938756 5463911 3474845 0 8762459 9157644 460605 372143 1682554 1301247 176526 35851 7032917 4181841 3809628 2851076 189250 1484757 1335879 16565779 15053840 2476814 1564143 956445 511017 12418 1674 2773358 2668733 6219035 4745567 X 4857682 5816569 5489062 4491704 10346744 10308273 16565779 15053840 -38471 0 X X 0 1 X 1 1 1 X X 0 0 0 CLEMSON UNIVERSITY 576000254 IRC 115 1 1 1 2350956 1 2350956 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 14991 8993 5998 1 X 975732 975732 5263548 3643823 1619725 492710 237091 255619 300927 300927 0 2851076 8900285 0 8900285 0 8900285 8938756 0 8938756 0 8938756 PART IV, LINE 1B: SECURITY DEPOSITS HELD IN ESCROW FOR TENANTS PART IV, LINE 2B: SECURITY DEPOSITS HELD IN ESCROW FOR TENANTS 1 CLEMSON UNIVERSITY ADMIN SERVICES BLDG 108 PERIMETER RD CLEMSON SC 296345306 576000254 IRC 115 2350956 BOOK VALUE RESEARCH ON MULTIPLE PROJECTS 1 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 CATHERINE PORTO EXEC DIR (NON VOTING) 0 177134 0 0 0 0 0 8937 0 5448 0 191519 0 0 LARRY DOOLEY DIRECTOR - VICE CHAIR 0 260765 0 0 0 0 0 40523 0 9048 0 310336 0 0 BRETT A DALTON DIRECTOR 0 321913 0 0 0 0 0 46326 0 5743 0 373982 0 0 GREG PICKETT DIRECTOR 0 226163 0 2500 0 816 0 11529 0 16787 0 257795 0 0 JOHN W KELLY DIRECTOR 0 260716 0 0 0 1884 0 40436 0 14242 0 317278 0 0 MARTINE LABERGE DIRECTOR 0 286178 0 0 0 0 0 12750 0 10648 0 309576 0 0 THOMAS R SCOTT DIRECTOR 0 259524 0 0 0 1159 0 40466 0 15405 0 316554 0 0 CHARLES TEGEN TREASURER (NON VOTING) 0 130892 0 0 0 3000 0 20256 0 9272 0 163420 0 0 JAMES BARKER DIRECTOR (NON VOTING) 0 411778 0 0 0 1587 0 37779 0 19369 0 470513 0 0 JOHN BALLATO DIRECTOR 0 251092 0 0 0 960 0 12220 0 13236 0 277508 0 0 ANAD GRAMOPADHYE DIRECTOR 0 277294 0 0 0 960 0 0 0 16561 0 294815 0 0 CARLA RATHBONE CULR OFFICER 0 179159 0 3000 0 1290 0 27742 0 12421 0 223612 0 0 JAMES R BOTTUM DIRECTOR - FORMER 0 374548 0 0 0 960 0 38870 0 7834 0 422212 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: LARRY DOOLEY BRETT A DALTON JOHN BALLATO GREG PICKETT ANAND GRAMOPADHYE THE FOLLOWING OFFICERS OF CURF AND CULR ARE EMPLOYEES OF CLEMSON UNIVERSITY: CATHERINE PORTO LARRY DOOLEY CHARLES TEGEN CARLA RATHBONE JAMES BARKER (DIRECTOR, JULY, 2013 - DECEMBER, 2013) IS AN EX-OFFICIO NON-VOTING MEMBER OF THE CURF BOD AND AN EMPLOYEE OF CLEMSON UNIVERSITY. JAMES CLEMENTS IS AN EX-OFFICIO NON-VOTING MEMBER OF THE CURF BOD AND AN EMPLOYEE OF CLEMSON UNIVERSITY. JAMES BOTTUM (FORMER DIRECTOR) IS 50% OWNER OF A LLC THAT HAS A CONTRACTUAL RELATIONSHIP WITH CURF FOR INFORMATION TECHNOLOGY DEVELOPMENT. JOHN BALLATO IS A 25% CO-OWNER OF SOUTH MECHANIC STREET GROUP, LLC. JOHN BALLATO WAS NOT A DIRECTOR WHEN SOUTH MECHANIC STREET GROUP, LLC PURCHASED LAND AND BUILDING FROM THE CLEMSON UNIVERSITY RESEARCH FOUNDATION. JOHN BALLATO WAS APPOINTED AS A DIRECTOR IN MARCH, 2014. OMNIBOND SYSTEMS LLC FORMER DIRECTOR 118136 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 OMNIBOND SYSTEMS LLC FORMER DIRECTOR 178319 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 CONTRACTED WITH CURF TO HAVE CURF ENGAGE CLEMSON UNIVERSITY TO PROVIDE PROGRAMMING THE SOFTWARE FROM CURF TO COMMERCIALIZE IN THE PUBLIC MARKET AND REMIT SERVICES IN CONNECTION WITH THE SOFTWARE. MR. BOTTUM WAS NOT AN OWNER IN OMNIBOND SYSTEMS, LLC WHEN THE LICENSE AGREEMENT WAS PUT IN PLACE IN 1999. 0 SOUTH MECHANIC STREET GROUP LLC DIRECTOR 700000 MR. JOHN BALLATO IS A 25% CO-OWNER OF SOUTH MECHANIC STREET GROUP, LLC. MR. JOHN BALLATO (IN CURRENT YEAR), WAS NOT A MEMBER OF THE CURF BOARD WHEN SOUTH MECHANIC STREET GROUP, LLC PURCHASED LAND AND BUILDING FROM THE CLEMSON UNIVERSITY RESEARCH FOUNDATION. 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. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 100,222. MANAGEMENT AND GENERAL EXPENSES 47,960. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 148,182. CONTRACT FEES: PROGRAM SERVICE EXPENSES 234,631. MANAGEMENT AND GENERAL EXPENSES 127,068. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 361,699. OTHER SERVICES: PROGRAM SERVICE EXPENSES 30,090. MANAGEMENT AND GENERAL EXPENSES 52,782. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 82,872. PATENT FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 122,340. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 122,340. 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. JOHN BALLATO IS A 25% CO-OWNER OF SOUTH MECHANIC STREET GROUP, LLC. IN THE CURRENT YEAR, JOHN BALLATO WAS NOT A MEMBER OF THE CURF BOARD WHEN SOUTH MECHANIC STREET GROUP, LLC PURCHASED LAND AND BUILDING FROM THE CLEMSON UNIVERSITY RESEARCH FOUNDATION. 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 295192 1335880 CURF CLEMSON UNIVERSITY ADMIN SERVICES BLDG 108 PERIMETER R CLEMSON SC 29634 576000254 RESEARCH UNIVERSITY SC IRC 115 170(B)(1)(A)(II) 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 2350956 AUDITED FINANCIAL REPORT CLEMSON UNIVERSITY (LEASE OF FACILITIES) J 789622 AUDITED FINANCIAL REPORT CLEMSON UNIVERSITY (REIMBURSE EMPLOYEE TIME & OTHER EXPENSES) P 2278780 AUDITED FINANCIAL REPORT CLEMSON UNIVERSITY (REIMBURSE UTILITY COSTS IN LEASED FACILITIES) ) Q 848976 AUDITED FINANCIAL REPORT CLEMSON UNIVERSITY (CURF OFFICE SPACE RENTED BY THE UNIVERSITY) N 0 BOOK VALUE CLEMSON UNIVERSITY (SHARE PAID EMPLOYEES) O 0 BOOK VALUE