2014-04-10T13:40:04-05:00 2013-06-30 351489521 GREENWALT CPAS INC 5342 W VERMONT STREET INDIANAPOLIS IN 46224 990 2012-07-01 351990726 INDIANA UNIVERSITY RESEARCH & TECHNOLOGY CORPORATION INDI 3172781911 351 WEST 10TH STREET INDIANAPOLIS IN 46202 ANTHONY T ARMSTRONG 3172781901 2014-03-29 ANITA W SHERMAN CPA P01395184 3172412999 2012 2015-11-30 17:44:51Z ANTHONY T ARMSTRONG 351 WEST 10TH STREET INDIANAPOLIS IN 46202 5523952 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. 17 7 26 0 -72501 -441929 9197 408225 2049019 2207227 814550 431960 16878 1621320 2889644 4668732 0 0 0 0 2436730 2653072 0 0 0 4203842 3143226 6640572 5796298 -3750928 -1127566 36202092 33631094 3298036 2881129 32904056 30749965 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. 0 0 3422048 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. 948164 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. 32247 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. 267761 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 137057 SPIN UP THE SPIN UP PROGRAM IS ESTABLISHED TO FULLY REALIZE THE BENEFITS OF UNIVERSITY INNOVATIONS THROUGH START-UP COMPANY FORMATION AND SUPPORT. 369429 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. 774247 5176706 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 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 1 130 0 1 26 1 1 1 0 0 0 0 0 0 0 0 0 X 17 7 0 0 1 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 40.00 X X 0 227237 31011 MICHAEL MCROBBIE 1.00 40.00 X 0 966404 43797 WILLIAM STEPHAN 1.00 40.00 X 0 292340 34481 ROBERT SCHNABEL 1.00 40.00 X 0 292350 34521 BRADLEY WHEELER 1.00 40.00 X 0 312960 34069 THEODORE WIDLANSKI 1.00 40.00 X 0 217379 33221 CRAIG BRATER 1.00 40.00 X 0 594187 59070 DAVID JOHNSON 1.00 X 0 0 0 CHARLES SCHALLIOL 1.00 X 0 0 0 DANIEL SMITH 1.00 40.00 X 0 324710 33535 JORGE JOSE 1.00 40.00 X 0 305019 29774 GARY ANDERSON 1.00 X 0 0 0 PAT CALLAHAN 1.00 X 0 0 0 RICHARD DIMARCHI 1.00 40.00 X 0 164160 12060 HARRY GONSO 1.00 X 0 0 0 MARK HILL 1.00 X 0 0 0 WILLIAM NEALE 1.00 X 0 0 0 MARIE KERBESHIAN 40.00 X 182419 0 45930 MICHAEL BURTON 40.00 X 119317 0 38988 KEN GREEN 40.00 X 23702 0 3491 BILLY BRIZZARD 40.00 X 100204 0 19729 JOSEPH TREBLEY 40.00 X 108190 0 11848 533832 3696746 465525 4 0 1 0 BARNES & THORNBURG LLP 11 S MERIDIAN ST INDIANAPOLIS IN 46204 LEGAL 870069 FAEGRE BAKER & DANIELS 600 E 96TH ST SUITE 600 INDIANAPOLIS IN 46240 LEGAL 368774 COOLEY LLP 101 CALIFORNIA 5TH FLOOR SAN FRANCISCO CA 94111 LEGAL 134922 BRANNON ROBINSON SOWERS HUGHEL & DOSS 1 N PENNSYLVANIA ST SUITE 800 INDIANAPOLIS IN 46204 LEGAL 111767 QUARLES & BRADY 411 E WISCONSIN AVE MILWAUKEE WI 53202 LEGAL 102835 5 408225 408225 MANAGEMENT FEES -- IU CONTRACT RE 541610 1669816 1669816 RENT INCOME 531120 530476 530476 SERVICE REVENUE 541610 6935 6935 2207227 171611 171611 1598958 1598958 1115569 855220 260349 260349 51296 209053 MANAGEMENT FEES - IIF 541900 197600 197600 ADMINISTRATIVE FEES 541900 102330 102330 OTHER INCOME 541900 2863 2863 -280431 -270101 -10330 22362 4668732 2363716 -72501 1969292 867421 515909 351512 1202961 849077 353884 178806 133668 45138 269837 168841 100996 134047 97867 36180 1479775 1432268 47507 32210 2610 29600 517917 459467 58450 84417 65267 19150 74720 50991 23729 36650 26755 9895 344580 322515 22065 70301 54224 16077 464648 434701 29947 2049 2049 DUES AND SUBSCRIPTIONS 26165 18323 7842 PERSONNEL EXPENSES 9127 6461 2666 PRINTING 667 520 147 PERSONNELL COST ALLOCAT 0 535193 -535193 5796298 5176706 619592 0 4922481 4828624 509157 674229 308735 207299 1487505 955502 2200 8654 17670764 3840391 14267498 13830373 1625728 491962 13029760 12560326 49028 74125 36202092 33631094 1232424 902030 1922 0 2063690 1979099 3298036 2881129 X 32604771 30481252 299285 268713 32904056 30749965 36202092 33631094 X -1127566 23622 -1050147 X X 0 1 X 1 0 X X 0 0 0 INDIANA UNIVERSITY 356001673 6 1 1 1 791670 1 791670 500000 500000 15661619 2413896 13247723 89254 69247 20007 1419891 1357248 62643 13830373 NON-PUBLICLY TRADED STOCKS 2851861 C IU HEALTH PROTON THERAPY CENTER 3028465 C INNOVATE INDIANA FUND I, LLC 6680000 C 12560326 RELATED PARTY PAYABLE: UNIVERSITY 1767115 RELATED PARTY PAYABLE: FOUNDATION 211984 1979099 X 4329406 23622 687199 710821 3618585 1050147 1050147 4668732 6483497 687199 687199 5796298 0 5796298 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2013 AND 2012, NO TAXES WERE OWED BY THE IURTC. ALL TAX PERIODS PRIOR TO 2009 FOR THE IURTC ARE NO LONGER SUBJECT TO EXAMINATION. PART XI, LINE 4B - OTHER ADJUSTMENTS: ADJUSTMENT FOR INCOME FROM PASSTHROUGH ENTITIES 1,050,147. X 0 0 0 0 0 0 0 0 0 ANTHONY ARMSTRONG 0 227237 0 0 0 0 0 21101 0 9910 0 258248 0 0 MICHAEL MCROBBIE 0 966404 0 0 0 0 0 30000 0 13797 0 1010201 0 0 WILLIAM STEPHAN 0 292340 0 0 0 0 0 25000 0 9481 0 326821 0 0 ROBERT SCHNABEL 0 292350 0 0 0 0 0 25000 0 9521 0 326871 0 0 BRADLEY WHEELER 0 312960 0 0 0 0 0 30000 0 4069 0 347029 0 0 THEODORE WIDLANSKI 0 217379 0 0 0 0 0 19810 0 13411 0 250600 0 0 CRAIG BRATER 0 594187 0 0 0 0 0 50000 0 9070 0 653257 0 0 DANIEL SMITH 0 324710 0 0 0 0 0 30000 0 3535 0 358245 0 0 JORGE JOSE 0 305019 0 0 0 0 0 25000 0 4774 0 334793 0 0 RICHARD DIMARCHI 0 164160 0 0 0 0 0 11893 0 167 0 176220 0 0 MARIE KERBESHIAN 182419 0 0 0 0 0 18776 0 27154 0 228349 0 0 0 MICHAEL BURTON 119317 0 0 0 0 0 12363 0 26625 0 158305 0 0 0 CRAIG BRATER BOARD MEMBER OF IURTC 3028465 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. THE VALUE OF THE INVESTMENT IS LISTED AS THE AMOUNT OF TRANSACTION. 0 HARRY GONSO BOARD MEMBER OF IURTC 1804579 THIS INDIVIDUAL IS ALSO A BOARD MEMBER OF INDIANA UNIVERSITY FOUNDATION (IUF). IUF IS A RELATED PARTY TO IURTC. THE VALUE OF TOTAL CASH PAID TO IUF IN 2013 IS LISTED IN THE AMOUNT OF TRANSACTIONS BELOW. 0 GARY ANDERSON BOARD MEMBER OF IURTC 1804579 THIS INDIVIDUAL IS ALSO A BOARD MEMBER OF INDIANA UNIVERSITY FOUNDATION (IUF). IUF IS A RELATED PARTY TO IURTC. THE VALUE OF TOTAL CASH PAID TO IUF IN 2013 IS LISTED IN THE AMOUNT OF TRANSACTIONS BELOW. 0 DANIEL C SMITH BOARD MEMBER OF IURTC 1804579 THIS INDIVIDUAL IS ALSO A BOARD MEMBER OF INDIANA UNIVERSITY FOUNDATION (IUF). IUF IS A RELATED PARTY TO IURTC. THE VALUE OF TOTAL CASH PAID TO IUF IN 2013 IS LISTED IN THE AMOUNT OF TRANSACTIONS BELOW. 0 MICHAEL A MCROBBIE BOARD MEMBER OF IURTC 1804579 THIS INDIVIDUAL IS ALSO A BOARD MEMBER OF INDIANA UNIVERSITY FOUNDATION (IUF). IUF IS A RELATED PARTY TO IURTC. THE VALUE OF TOTAL CASH PAID TO IUF IN 2013 IS LISTED IN THE AMOUNT OF TRANSACTIONS BELOW. 0 MICHAEL A MCROBBIE BOARD MEMBER OF IURTC 3028465 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. THE VALUE OF THE INVESTMENT IS LISTED AS THE AMOUNT OF TRANSACTION. 0 PAT CALLAHAN BOARD MEMBER OF IURTC 368774 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 VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS BYLAWS AND ADDED A SECTION DESCRIBING THE NEWLY CREATED INVESTMENT COMMITTEE. THIS COMMITEE WILL CONSIST OF NOT FEWER THAN FIVE AND NOT MORE THAN ELEVEN MEMBERS, ELECTED BY A MAJORITY OF ALL DIRECTORS. MEMBERS WILL CONSIST OF OFFICERS AND DIRECTORS OF THE CORPORATION ELECTED BY THE BOARD, PROVIDED THAT THE BOARD MAY ELECT NOT MORE THAN FOUR INDIVIDUALS WHO ARE NOT DIRECTORS OR OFFICERS OF THE COPROATION. THE INVESTMENT COMMITEE WILL PERFORM ALL DUTIES THAT THE BOARD DETERMINES ARE APPROPRIATE TO THE SIZE OF THE CORPORATION AND THE COMLEXITY OF ITS INVESTMENT OPERATIONS AND OVERSIGHT. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: K-1 LOSS NOT REPORTED ON FINANCIAL STATEMENTS -1,050,147. PART XII, LINE 2C THE AUDIT COMMITTEE ASSUMES OVERSIGHT FOR THE FINANCIAL STATEMENTS. NO PROCESSES HAVE CHANGED FROM THE PRIOR YEAR. BACKUP WITHHOLDING FOR GAMING WINNINGS PART V, LINE 1C NO GAMING ACTIVITIES CONDUCTED BY THE ORGANIZATION. 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