UNIVERSITY ENTERPRISE LABORATORIES INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization: UNIVERSITY ENTERPRISE LABORATORIES INC (EIN 41-2093194)
Tax period: 2014-01-01 to 2014-12-31
Filed: 2015-07-14
IRS object ID: 201531959349301238
Schema version: 2014v5.0
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 C
Schedule D
Schedule L
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2015-07-14T16:13:50-05:00	ReturnTs
Tax Period End	2014-12-31	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 VIRCHOW KRAUSE LLP	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	2014-01-01	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	TODD TAYLOR	PersonNm
Person Title	BOARD CHAIRMAN	PersonTitleTxt
Phone	6516412800	PhoneNum
Signature	2015-06-29	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	LAWRENCE H MOHR CPA	PreparerPersonNm
PTIN	P00447603	PTIN
Phone	6128764500	PhoneNum

Field	Value	IRS element (for citing)
Tax	2014	TaxYr
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	TODD TAYLOR	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	$2,739,323	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	UEL IS ORGANIZED FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES. IT SERVES AS A LABORATORY-BASED INCUBATOR FOR EMERGING LIFE SCIENCE COMPANIES BY PROVIDING LABORATORY SPACE AND ACCESS TO EQUIPMENT, BUSINESS TRAINING, RESEARCH COLLABORATION WITH THE UNIVERSITY OF MINNESOTA FACULTY AND STUDENTS, FACULTY AND STUDENT RESEARCH SPACE, STUDENT WORK EXPERIENCE AND INTERNSHIP OPPORTUNITIES, AND TECHNOLOGY TRANSFER WITH THE UNIVERSITY. IT IS ORGANIZED AND WILL BE OPERATED TO PROMOTE, ENCOURAGE, AND AID SCIENTIFIC INVESTIGATION, RESEARCH, TECHNOLOGICAL ADVANCEMENT AND EDUCATIONAL OPPORTUNITIES; PROMOTE, ENCOURAGE, AND AID IN THE MUTUAL TRANSFER AND APPLICATION OF SCIENTIFIC INVESTIGATION & RESEARCH, TECHNOLOGICAL ADVANCEMENT, AND EDUCATIONAL OPPORTUNITIES PRODUCED BY EDUCATIONAL AND RESEARCH INSTITUTIONS, INDUSTRY, BUSINESS AND GOVERNMENT.	ActivityOrMissionDesc
Voting Members Governing Body	21	VotingMembersGoverningBodyCnt
Voting Members Independent	21	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	21	TotalVolunteersCnt
Total Gross UBI	$29,000	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	-$9,384	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$11,625	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$2,806,816	PYProgramServiceRevenueAmt
CY Program Service Revenue	$2,728,227	CYProgramServiceRevenueAmt
PY Investment Income	$2,108	PYInvestmentIncomeAmt
CY Investment Income	$396	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$10,700	CYOtherRevenueAmt
PY Total Revenue	$2,820,549	PYTotalRevenueAmt
CY Total Revenue	$2,739,323	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	$66,836	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$76,983	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$2,707,462	PYOtherExpensesAmt
CY Other Expenses	$2,672,377	CYOtherExpensesAmt
PY Total Expenses	$2,774,298	PYTotalExpensesAmt
CY Total Expenses	$2,749,360	CYTotalExpensesAmt
PY Revenues Less Expenses	$46,251	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$10,037	CYRevenuesLessExpensesAmt
Total Assets BOY	$15,034,419	TotalAssetsBOYAmt
Total Assets EOY	$14,621,450	TotalAssetsEOYAmt
Total Liabilities BOY	$9,514,107	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$9,111,175	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$5,520,312	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$5,510,275	NetAssetsOrFundBalancesEOYAmt
Mission	TO INCUBATE EARLY STAGE BIOSCIENCE VENTURES BY PROVIDING PREMIER FACILITIES AND SERVICES THAT ENABLE INNOVATION, GROWTH, COMMERCIAL SUCCESS, AND JOB GROWTH.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$2,616,393	ExpenseAmt
Revenue	$2,738,927	RevenueAmt
Desc	SERVES AS A LABORATORY-BASED INCUBATOR FOR EMERGING LIFE SCIENCE COMPANIES BY PROVIDING LABORATORY SPACE AND ACCESS TO EQUIPMENT, BUSINESS TRAINING, AND RESEARCH COLLABORATION WITH THE UNIVERSITY OF MINNESOTA FACULTY AND STUDENTS.	Desc
Total Program Service Expenses	$2,616,393	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	Yes (1)	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
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	Yes (1)	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 With Officer Ent	Yes (1)	BusinessRlnWithOfficerEntInd
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	12	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
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	21	GoverningBodyVotingMembersCnt
Independent Voting Member	21	IndependentVotingMemberCnt
Family Or Business Rln	Yes (1)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	Yes (1)	DelegationOfMgmtDutiesInd
Change To Org Documents	0	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	0	WhistleblowerPolicyInd
Document Retention Policy	0	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	RICK BERC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	9528548800	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2001 KILLEBREW DRIVE SUITE 170	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 (23 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd
JEREMY LENZ
DIRECTOR	1.00	Yes (X)	$0	$0	$0
TODD TAYLOR
CHAIRMAN	1.00	Yes (X)	$0	$0	$0	Yes (X)
BRIAN MENSINK
TREASURUER	1.00	Yes (X)	$0	$0	$0	Yes (X)
ARON ANDERSON
DIRECTOR	1.00	Yes (X)	$0	$0	$0
JON ANDERSON
DIRECTOR	1.00	Yes (X)	$0	$0	$0
CECILE BEDOR
DIRECTOR	1.00	Yes (X)	$0	$0	$0
PETE BIRKELAND
SECRETARY	1.00	Yes (X)	$0	$0	$0	Yes (X)
TONY CARIDEO
DIRECTOR	1.00	Yes (X)	$0	$0	$0
ROBERT ELDE
DIRECTOR	1.00	Yes (X)	$0	$0	$0
DANIEL FOLEY
DIRECTOR	1.00	Yes (X)	$0	$0	$0
SARAH HARRIS
DIRECTOR	1.00	Yes (X)	$0	$0	$0
NANCY HOMANS
DIRECTOR	1.00	Yes (X)	$0	$0	$0
PAUL KNAPP
DIRECTOR	1.00	Yes (X)	$0	$0	$0
JOANNA LABRESH
DIRECTOR	1.00	Yes (X)	$0	$0	$0
TOM MARTIN
DIRECTOR	1.00	Yes (X)	$0	$0	$0
LAURA MCCARTEN
DIRECTOR	1.00	Yes (X)	$0	$0	$0
STEVE MERTENS
DIRECTOR	1.00	Yes (X)	$0	$0	$0
JEFF MONTANYE
DIRECTOR	1.00	Yes (X)	$0	$0	$0
JOSEPH SHAW
DIRECTOR	1.00	Yes (X)	$0	$0	$0
JOHN STAVIG
DIRECTOR	1.00	Yes (X)	$0	$0	$0
JEFF COSGROVE
DIRECTOR	1.00	Yes (X)	$0	$0	$0
JONATHAN SAGE-MARTINSON
DIRECTOR	1.00	Yes (X)	$0	$0	$0
SHAYE MANDLE
DIRECTOR	1.00	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 (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
TAPESTRY MANAGEMENT
2001 KILLEBREW DR STE 170	MINNEAPOLIS	MN	55425	MANAGEMENT SERVICES	$261,435
CLOVER MAINTENANCE
7229 177TH AVE NE	FOREST LAKE	MN	55025	MAINTENANCE SERVICES	$113,493

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	2	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	RENTAL INCOME	Desc
Business	532000	BusinessCd
Total Revenue Column	$2,728,227	TotalRevenueColumnAmt
Related Or Exempt Func Income	$2,699,227	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$29,000	UnrelatedBusinessRevenueAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$2,728,227	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$396	TotalRevenueColumnAmt
Exclusion	$396	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	MISCELLANEOUS REVENUE	Desc
Business	900099	BusinessCd
Total Revenue Column	$10,700	TotalRevenueColumnAmt
Related Or Exempt Func Income	$10,700	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$10,700	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,739,323	TotalRevenueColumnAmt
Related Or Exempt Func Income	$2,709,927	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$29,000	UnrelatedBusinessRevenueAmt
Exclusion	$396	ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$71,361	TotalAmt
Program Services	$71,361	ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$1,153	TotalAmt
Program Services	$1,153	ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$4,469	TotalAmt
Program Services	$4,469	ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$102,570	TotalAmt
Management And General	$102,570	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$4,256	TotalAmt
Management And General	$4,256	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$35,279	TotalAmt
Program Services	$12,000	ProgramServicesAmt
Management And General	$23,279	ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$26,000	TotalAmt
Program Services	$26,000	ProgramServicesAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$344	TotalAmt
Management And General	$344	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$22,347	TotalAmt
Program Services	$22,347	ProgramServicesAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$741,290	TotalAmt
Program Services	$741,290	ProgramServicesAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$397,746	TotalAmt
Program Services	$397,746	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$824,502	TotalAmt
Program Services	$824,502	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$28,633	TotalAmt
Program Services	$26,115	ProgramServicesAmt
Management And General	$2,518	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
REPAIRS AND MAINTENANCE	$345,868	$345,868
BAD DEBT EXPENSE	$106,664	$106,664
MISCELLANEOUS EXPENSE	$24,779	$24,779
EQUIPMENT RENTAL	$12,099	$12,099

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,749,360	TotalAmt
Program Services	$2,616,393	ProgramServicesAmt
Management And General	$132,967	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$392,267	BOYAmt
EOY	$421,485	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$111,813	BOYAmt
EOY	$111,835	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$189,294	BOYAmt
EOY	$263,923	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$9,430	BOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$7,158	BOYAmt
EOY	$18,009	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$20,638,526	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$8,050,215	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$13,144,336	BOYAmt
EOY	$12,588,311	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$1,180,121	BOYAmt
EOY	$1,217,887	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$15,034,419	BOYAmt
EOY	$14,621,450	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$84,174	BOYAmt
EOY	$32,803	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$174,668	BOYAmt
EOY	$13,384	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$9,160,477	BOYAmt
EOY	$8,987,183	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$94,788	BOYAmt
EOY	$77,805	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$9,514,107	BOYAmt
EOY	$9,111,175	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$5,520,312	BOYAmt
EOY	$5,510,275	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$5,520,312	BOYAmt
EOY	$5,510,275	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$15,034,419	BOYAmt
EOY	$14,621,450	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$10,037	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	$313,304	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$105,600	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$7,989	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$11,625	CurrentTaxYearMinus1YearAmt
Total	$438,518	TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,203,611	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,307,733	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,404,777	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,806,816	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,728,227	CurrentTaxYearAmt
Total	$12,451,164	TotalAmt

Total509 Total509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,516,915	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,413,333	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,412,766	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,818,441	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,728,227	CurrentTaxYearAmt
Total	$12,889,682	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 Minus1 Year	$1,119,560	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,107,539	CurrentTaxYearAmt
Total	$2,227,099	TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus1 Year	$1,119,560	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,107,539	CurrentTaxYearAmt
Total	$2,227,099	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total509	$10,662,583	PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$18,973	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$24,650	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$4,153	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,108	CurrentTaxYearMinus1YearAmt
Current Tax Year	$396	CurrentTaxYearAmt
Total	$50,280	TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$18,973	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$24,650	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$4,153	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,108	CurrentTaxYearMinus1YearAmt
Current Tax Year	$396	CurrentTaxYearAmt
Total	$50,280	TotalAmt

Other Income509 OtherIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$2,643,210	CurrentTaxYearMinus2YearsAmt
Current Tax Year	$10,700	CurrentTaxYearAmt
Total	$2,653,910	TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,535,888	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,437,983	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$5,060,129	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,820,549	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,739,323	CurrentTaxYearAmt
Total	$15,593,872	TotalAmt

Field	Value	IRS element (for citing)
Public Support CY509	0.68380	PublicSupportCY509Pct
Public Support PY509	0.74560	PublicSupportPY509Pct
Investment Income CY	0.00320	InvestmentIncomeCYPct
Investment Income PY	0.00560	InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509	Yes (X)	ThirtyThrPctSuprtTestsCY509Ind

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Volunteers	0	VolunteersInd
Paid Staff Or Management	0	PaidStaffOrManagementInd
Media Advertisements	0	MediaAdvertisementsInd
Mailings Members	0	MailingsMembersInd
Publications Or Broadcast	0	PublicationsOrBroadcastInd
Grants Other Organizations	0	GrantsOtherOrganizationsInd
Direct Contact Legislators	0	DirectContactLegislatorsInd
Rallies Demonstrations	0	RalliesDemonstrationsInd
Other Activities	Yes (1)	OtherActivitiesInd
Other Activities	$26,000	OtherActivitiesAmt
Total Lobbying Expenditures	$26,000	TotalLobbyingExpendituresAmt
Not Described Section501c3	0	NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART II-B, LINE 1:	FormAndLineReferenceDesc
Explanation	UEL INC. ENTERED INTO A CONTRACT WITH BERN'S LAW FIRM, LLC DURING THE YEAR TO ASSIST UEL IN ITS EFFORTS TO IDENTIFY GRANT OPPORTUNITIES, FACILITATE FEDERAL FUNDING REQUESTS, COMMUNICATE WITH HOUSE AND SENATE APPROPRIATIONS STAFF AND OTHER OPPORTUNITIES THAT MAY DEVELOP; MONITOR FEDERAL AND STATE ACTIVITY, INCLUDING POLICY DEVELOPMENT THAT MAY IMPACT UEL OR ITS MISSION.	ExplanationTxt

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	$12,706,642	OtherCostOrOtherBasisAmt
Depreciation	$3,054,997	DepreciationAmt
Book Value	$9,651,645	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$4,927,706	OtherCostOrOtherBasisAmt
Depreciation	$4,568,514	DepreciationAmt
Book Value	$359,192	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$584,178	OtherCostOrOtherBasisAmt
Depreciation	$426,704	DepreciationAmt
Book Value	$157,474	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$12,588,311	TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (4 entries)

DescDesc	Book ValueBookValueAmt
DEFERRED RENT ASSET	$175,202
ASSETS WHOSE USE IS LIMITED	$570,813
LEASE COMMISSIONS	$164,620
DEBT ISSUANCE COST	$307,252

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$1,217,887	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	REFUNDABLE SECURITY DEPOSITS	Desc
Amt	$77,805	Amt

Field	Value	IRS element (for citing)
Total Liability	$77,805	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, 2014 AND 2013. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR FISCAL YEAR 2011 AND THEREAFTER ARE OPEN TO 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	KINGFISHER BIOTECH	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Relationship Description	CEO OF KINGFISHER BIOTECH IS A DIRECTOR OF UEL.	RelationshipDescriptionTxt
Transaction	$35,703	TransactionAmt
Transaction	CEO OF KINGFISHER BIOTECH, JOANNA LABRESH, IS A DIRECTOR OF UEL. KINGFISHER BIOTECH IS A RENTAL TENANT OF UEL. ALL TRANSACTIONS OCCURRED IN THE NORMAL COURSE OF BUSINESS AND THE BOARD MEMBER ABSTAINED FROM VOTING ON ANY DECISIONS RELATED TO BUSINESS TRANSACTIONS WITH KINGFISHER BIOTECH.	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 2	NANCY HOMANS, JONATHAN SAGE-MARTINSON, AND CECILE BEDOR: BUSINESS RELATIONSHIP
FORM 990, PART VI, SECTION A, LINE 3	MANAGEMENT DUTIES DELEGATED TO TAPESTRY MANAGEMENT LLC, F/K/A LASALLE MANAGEMENT GROUP.
FORM 990, PART VI, SECTION A, LINE 7A	SINCE INCEPTION, THE ORGANIZATION HAS TWO STAKEHOLDERS THAT MAY APPOINT DIRECTORS: UNIVERSITY OF MINNESOTA AND THE CITY OF ST. PAUL.
FORM 990, PART VI, SECTION B, LINE 11	THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE FORM 990 PRIOR TO FILING. ONCE APPROVED, A COPY IS PROVIDED TO THE FULL BOARD WHERE IT IS REVIEWED AND APPROVED.
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.
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 PROCESS FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT WERE NOT CHANGED DURING THE YEAR.
FORM 990, PART IV, LINE 34	ON JANUARY 13, 2005, THE ORGANIZATION FORMED A TAXABLE SUBSIDIARY NAMED UEL REAL ESTATE HOLDINGS, LLC WITH A SEPARATE TAX EXEMPT ORGANIZATION. AS OF DECEMBER 31, 2012, THE ORGANIZATION OWNED 100.00%. UEL REAL ESTATE HOLDINGS, LLC IS A DISREGARDED ENTITY FOR FEDERAL TAX PURPOSES. ** A KEY PART OF THE ORGANIZATION'S EXEMPT PURPOSE IS TO PROVIDE LABORATORY SPACE AND ACCESS TO EQUIPMENT TO EMERGING LIFE SCIENCE COMPANIES. IN CARRYING OUT THIS EXEMPT PURPOSE THE ORGANIZATION ACQUIRED AND RENOVATED A 126,000 SQUARE FOOT FACILITY. ORIGINALLY, THE ORGANIZATION INTENDED TO FINANCE THE FACILITY THROUGH THE USE OF VARIABLE RATE REVENUE BONDS. THE ORGANIZATION LATER DETERMINED THAT IT WAS IN ITS BEST INTEREST TO UTILIZE NEW MARKET TAX CREDITS AND OTHER INVESTMENT MECHANISMS WHICH REQUIRE THAT THE FACILITY BE OWNED IN A SUBSIDIARY OF THE ORGANIZATION.

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	-$10,037	TotalIncomeAmt
End Of Year Assets	$14,530,347	EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

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