2014-05-15T11:32:16-05:00 2013-06-30 560574444 CHERRY BEKAERT LLP 201 WEST MCBEE AVENUE SUITE 200 GREENVILLE SC 29601 990 2012-07-01 570750000 CLEMSON UNIVERSITY RESEARCH FOUNDATION CLEM 8646560925 PO BOX 946 CLEMSON SC 296330946 CHARLES TEGEN 8646560925 2014-05-14 1 ELIZABETH MORRISON P00231389 8642333981 2014-05-14 2012 2015-11-30 17:44:51Z CHARLES TEGEN 391 COLLEGE AVE SUITE 401 CLEMSON SC 29631 11949626 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 8 0 19 0 0 6811122 5591856 1516113 2088243 15852 14616 5305356 4254911 13648443 11949626 4838686 4226138 0 0 0 0 0 0 0 8136591 7843310 12975277 12069448 673166 -119822 16547515 16565779 6270199 6219035 10277316 10346744 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 8738953 4226138 5035280 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. 8738953 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 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 72 0 0 0 0 0 0 0 0 0 0 X 14 8 0 0 0 0 0 0 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 1.00 X X 0 0 0 JOSEPH T BAILEY 1.00 X 0 0 0 ANDREW B CAJKA 1.00 X 0 0 0 KATHY HARRIS 1.00 X 0 0 0 DOUGLAS HAUGH 1.00 X 0 0 0 DENNIS KEKAS 1.00 X 0 0 0 FRANK A LANDGRAFF 1.00 X X 0 0 0 CATHERINE PORTO 37.50 X 0 99434 7635 DARRELL T SCOTT 1.00 X 0 0 0 MICHAEL L WATT 1.00 X 0 0 0 LARRY DOOLEY 1.00 36.50 X 0 207805 35229 BRETT A DALTON 1.00 36.50 X 0 257215 41445 GREG PICKETT 1.00 36.50 X 0 201311 26789 JOHN W KELLY 1.00 36.50 X 0 256030 50847 MARTINE LABERGE 1.00 36.50 X 0 228934 20612 THOMAS R SCOTT 1.00 36.50 X 0 254810 50990 JAMES BARKER 1.00 36.50 X 0 225080 48686 BILL L AMICK 1.00 X 0 0 0 CHARLES TEGEN 1.00 36.50 X 0 119284 25829 GERALD SONNENFELD 1.00 36.50 X 0 266450 46014 JAMES R BOTTUM JULY 2012 1.00 36.50 X 0 359849 43557 0 2476202 397633 0 1 1 0 TIME WARNER 13840 BALLANTYNE CORPORATE PLACE CHARLOTTE NC 28277 SERVICE, INSTALL, & TAX - TWC 1000M METR 110714 1 4941534 650322 5591856 RENTAL FEES FROM RESEARCH FACILIT 541700 1429777 1429777 RESEARCH CONTRACT 541700 447566 447566 RESEARCH LAB PROGRAMS 541700 210900 210900 2088243 14616 14616 1307874 1307874 MANAGEMENT FEES AND FA RECOVERIES 541700 1496636 1496636 REGISTRATION FEES 541700 404219 404219 REIMBURSEMENT OF PREVIOUS EXPENSE 541700 385173 385173 661009 661009 2947037 11949626 5035280 0 1322490 4226138 4226138 316645 316645 399173 399173 856280 641121 215159 3350 3350 34637 13055 21582 414824 413133 1691 551215 541893 9322 1235176 1235176 24375 1956 22419 13486 1314 12172 129044 129044 463274 233897 229377 38939 10817 28122 CURF PROGRAMS-DIRECT CO 2983511 2316278 667233 CURF PROGRAMS-INDIRECT 272356 19356 253000 PATENT FEES 107025 107025 12069448 8738953 3330495 0 7512330 8762459 371892 460605 2442884 1682554 209750 176526 8342539 4532911 4377025 3809628 189250 1633634 1484757 16547515 16565779 2488647 2476814 895569 956445 12669 12418 2873314 2773358 6270199 6219035 X 3969490 4857682 6307826 5489062 10277316 10346744 16547515 16565779 -119822 189250 0 X X 0 1 X 1 1 1 X X 0 0 0 CLEMSON UNIVERSITY 576000254 IRC 115 1 1 1 4097744 1 4097744 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 13492 1658 159 14911 1 X 975733 975733 6139699 3792539 2347160 882638 400258 482380 344469 340114 4355 3809628 X 12138876 189250 189250 11949626 0 11949626 12069448 0 12069448 0 12069448 PART IV, LINE 1B: SECURITY DEPOSITS HELD IN ESCROW FOR TENANTS PART IV, LINE 2B: SECURITY DEPOSITS HELD IN ESCROW FOR TENANTS DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FINANCIAL STATEMENTS ARE PREPARED IN ACCORDANCE WITH THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD. 1 CLEMSON UNIVERSITY ADMIN SERVICES BLDG 108 PERIMETER RD CLEMSON SC 296345306 576000254 IRC 115 4097744 BOOK VALUE RESEARCH ON MULTIPLE PROJECTS TIME WARNER 60 COLUMBUS CIRCLE NEW YORK NY 10023 841496755 116397 BOOK VALUE NSF - EPSCOR (8207489) AN EPSCOR DESKTOP TO TERAGRID ECOSYSTEM: INTEGRATING CAMPUS-BASED WITH NATIONAL CYBERINFRASTRUCTURE CULR 110 DANIEL DRIVE CLEMSON SC 296345306 208727594 11997 BOOK VALUE NSF - EPSCOR (8207489) AN EPSCOR DESKTOP TO TERAGRID ECOSYSTEM: INTEGRATING CAMPUS-BASED WITH NATIONAL CYBERINFRASTRUCTURE 1 BOOK PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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. PI'S 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 LARRY DOOLEY 0 206129 0 0 0 1676 0 28443 0 6786 0 243034 0 0 BRETT A DALTON 0 257215 0 0 0 0 0 36378 0 5067 0 298660 0 0 GREG PICKETT 0 198495 0 2000 0 816 0 11368 0 15421 0 228100 0 0 JOHN W KELLY 0 252146 0 2000 0 1884 0 36727 0 14120 0 306877 0 0 MARTINE LABERGE 0 228934 0 0 0 0 0 11610 0 9002 0 249546 0 0 THOMAS R SCOTT 0 253994 0 0 0 816 0 37398 0 13592 0 305800 0 0 JAMES BARKER 0 223658 0 0 0 1422 0 33081 0 15605 0 273766 0 0 GERALD SONNENFELD 0 265490 0 0 0 960 0 33095 0 12919 0 312464 0 0 JAMES R BOTTUM JULY 2012 0 358889 0 0 0 960 0 36700 0 6857 0 403406 0 0 SUPPLEMENTAL INFORMATION PART III 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: GERALD SONNENFELD JAMES R BOTTUM BRETT A DALTON JOHN W KELLY MARTINE LABERGE THOMAS R SCOTT GREG PICKETT THE FOLLOWING OFFICERS OF CURF AND CULR ARE EMPLOYEES OF CLEMSON UNIVERSITY: CATHERINE PORTO CHARLES TEGEN CARLA RATHBONE KATE MACE THE FOLLOWING VOTING DIRECTORS OF CLEMSON UNIVERSITY RESEARCH FOUNDATION (CURF) SERVE AS VOTING BOARD MEMBERS OF OTHER RELATED ORGANIZATIONS: GERALD SONNENFELD - CLEMSON RESEARCH FACILITIES CORPORATION BILL AMICK - CLEMSON UNIVERSITY BOARD OF TRUSTEES BRETT A DALTON - CLEMSON RESEARCH FACILITIES CORPORATION JAMES BARKER IS AN EX-OFFICIO NON-VOTING MEMBER OF THE CURF BOD AND AN EMPLOYEE OF CLEMSON UNIVERSITY JAMES BOTTUM IS 50% OWNER OF A LLC THAT HAS A CONTRACTUAL RELATIONSHIP WITH CURF FOR INFORMATION TECHNOLOGY DEVELOPMENT. CURF WAS THE RECIPIENT OF RESEARCH AGREEMENT FROM GE ENERGY MANUFACTURING NTI. FRANK LANDGRAFF, CURF BOARD CHAIR, IS SENIOR IP COUNSEL FOR GE ENERGY. HE WAS NOT A PARTICIPANT IN THE SELECTION OR RESEARCH AGREEMENT PROCESS. OMNIBOND SYSTEMS LLC DIRECTOR 93219 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 DIRECTOR 261758 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 TO PROVIDE PROGRAMMING 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 BACKUP WITHHOLDING RULES: FORM 990, PART V, LINE 1C: THERE WERE NO INSTANCES THAT REQUIRED BACKUP WITHHOLDING. COMPLIANCE WITH FORMS 8899 AND 1098-C: 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 B, LINE 11 FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE AND SENT TO ALL 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. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC ON REQUEST. AUDIT PROCESS: PART XII, LINE 2C ALL RELATED ORGANIZATIONS OF CLEMSON UNIVERSITY PARTICIPATE IN A COMBINED RFP PROCESS EVERY FIVE YEARS. AT LEAST ONE MEMBER FROM EACH BOARD PARTICIPATES IN THE SELECTION PROCESS. THERE IS NO REQUIREMENT FOR ALL ENTITIES TO SELECT THE SAME AUDIT FIRM, BUT THAT HAS BEEN THE PRACTICE FOR THE PAST EIGHT YEARS. THE AUDIT COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT. EXCESS BUSINESS HOLDINGS AND DONOR ADVISED FUNDS: 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. BOARD MEMBERS FORM 990, PAGE 6, LINE 7A: CERTAIN BOARD MEMBERS ARE SPECIFIED BY THEIR POSITIONS WITHIN CU. OTHER BOARD MEMBERS ARE ELECTED BY THE CURRENT BODY OF BOARD MEMBERS. THE BOARD APPROVES SIGNIFICANT DECISIONS PER POLICIES AND PROCEDURES. NO BOARD MEMBER RECEIVES A SHARE OF PROFITS. BOARD MEMBERS FORM 990, PAGE 6, LINE 7B: A QUORUM OF BOARD MEMBERS APPROVES ALL SIGNIFICANT DECISIONS ACCORDING TO POLICIES AND PROCEDURES. CULR LLC P O BOX 389 CLEMSON SC 29633 208727594 LEASING ADMINISTRATOR AND IT SERVICE PROVIDER SC 280314 1484757 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 4097744 AUDITED FINANCIAL REPORT CLEMSON UNIVERSITY (LEASE OF FACILITIES) J 607548 AUDITED FINANCIAL REPORT CLEMSON UNIVERSITY (CURF OFFICE IN CU BUILDING) N BOOK VALUE CLEMSON UNIVERSITY (SHARE PAID EMPLOYEES) O BOOK VALUE CLEMSON UNIVERSITY (REIMBURSE EMPLOYEE TIME & OTHER EXPENSES) P 2506042 AUDITED FINANCIAL REPORT CLEMSON UNIVERSITY (REIMBURSE UTILITY COSTS IN LEASED FACILITIES) ) Q 55326 AUDITED FINANCIAL REPORT CLEMSON UNIVERSITY (REIMBURSE CULR RELATED BUSINESS) J 128394 AUDITED FINANCIAL REPORT CLEMSON UNIVERSITY (REIMBURSE OTHER BUSINESS RELATED COSTS) Q 22918 AUDITED FINANCIAL REPORT