2014-05-01T19:00:14-05:00 2013-06-30 CROWE HORWATH LLP 3815 River Crossing Parkway Suite 300 Indianapolis IN 462400977 990 2012-07-01 351052049 PURDUE RESEARCH FOUNDATION PURD 7655881061 1281 Win Hentschel Boulevard West Lafayette IN 479064182 BELINDA RACHWAL 2014-04-23 true P01305268 3175698989 2012 2015-11-30 17:44:51Z JOSEPH B HORNETT 1281 Win Hentschel Blvd West Lafayette IN 479064182 316499357 false X WWW.PRF.ORG X 1930 IN THE PRIMARY MISSION OF PURDUE RESEARCH FOUNDATION IS TO ADVANCE THE MISSION OF PURDUE UNIVERSITY. 15 15 120 15 0 0 12817939 19792965 12228695 14066722 38898378 28194338 6174567 9143030 70119579 71197055 32567304 31896690 0 0 8180070 8823716 0 0 0 31178754 31596457 71926128 72316863 -1806549 -1119808 1010013019 1097058989 213062432 238659957 796950587 858399032 THE PRIMARY MISSION OF PURDUE RESEARCH FOUNDATION IS TO ADVANCE THE MISSION OF PURDUE UNIVERSITY. false false 26301839 18995224 FUNDING TO PURDUE UNIVERSITY VIA SCHOLARSHIPS, AWARDS, DEVELOPMENT, AND ROYALTIES. 12592500 12592500 INTERNATIONAL TRAVEL GRANTS, DISTINGUISHED PROFESSOR GRANTS, AND OTHER RESEARCH GRANTS PROVIDED TO PURDUE UNIVERSITY TO FURTHER THEIR EDUCATION AND RESEARCH MISSION. 12560186 14066722 RENTAL INCOME IS COLLECTED FROM TENANTS LOCATED WITHIN THE PURDUE RESEARCH PARK AS WELL AS RESIDENTIAL UNITS ON THE PURDUE UNIVERSITY CAMPUS AND SURROUNDING AREA. PURDUE RESEARCH PARK IS THE HOME OF STATE-OF-THE-ART TECHNOLOGY BUSINESS INCUBATORS THAT HAVE A WORKING RELATIONSHIP WITH PURDUE UNIVERSITY TO PROVIDE STUDENTS WITH LEARNING AND RESEARCH OPPORTUNITIES. 2882649 308966 RESEARCH GRANTS BY GOVERNMENTAL AGENCIES AND INDUSTRY FOR BASIC RESEARCH. 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ALL LOBBYING IS TO FURTHER THE MISSION OF PURDUE RESEARCH FOUNDATION. X 2 0.57 0 0 0 1 true 3997 true 0 18600 X DECORATION false false true X 575663351 4378454 61153574 14850082 34889998 591455299 614305452 2269222 -14068163 16131201 10711959 0 575663351 517230423 2061190 122703921 15512031 12178051 614305452 470068574 2413106 63744820 13113805 5882272 517230423 591395838 1939959 -104459187 13873576 4934460 470068574 0.00000 0.18590 0.81410 false false 597201 57893128 58490329 112933698 34930516 78003182 0 8200738 5057384 3143354 2630698 2630698 142267563 0 131137618 F HEDGE FUNDS 189442837 F REAL ESTATE 28220325 C NATURAL RESOURCES 39569470 C FUNDS INVESTED WITH PURDUE UNIVERSITY 13200000 F 401570250 0 GIFT ANNUITY PAYABLE 5347858 DUE ON SPLIT INTEREST TRUSTS 53156560 58504418 X 134389554 63192499 0 63192499 71197055 0 0 71197055 72316863 0 0 72316863 0 0 72316863 Conservation easements policy Schedule D, Part II, Line 5 PURDUE RESEARCH FOUNDATION HAS A POLICY IN PLACE TO ENSURE ANNUAL MONITORING OF CONSERVATION EASEMENTS FOR FEDERAL GUILDELINE COMPLIANCE. Conservation easements financial reporting Schedule D, Part II, Line 9 CONSERVATION EASEMENTS ARE CONSIDERED ASSETS ON THE BALANCE SHEET. ANY EXPENSES ASSOCIATED WITH THE MONITORING, INSPECTING, AND ENFORCING OF EASEMENTS ARE EXPENSED IN THE YEAR INCURRED. Collections of art - description of collections Schedule D, Part III, Line 4 PURDUE RESEARCH FOUNDATION OWNS A COLLECTION OF ANTIQUE MEDICINE BOTTLES. THE COLLECTION WAS DONATED TO PURDUE RESEARCH FOUNDATION BY A PHYSICIAN. THE COLLECTION IS BEING HELD FOR DISPLAY. Explanation of escrow agreement Schedule D, Part IV, Line 2b THE FOUNDATION ACTS AS AN INTERMEDIARY FOR CERTAIN CONTRIBUTIONS RECEIVED BY AFFILIATE FOUNDATIONS FOR THE BENEFIT OF PURDUE UNIVERSITY. THE FOUNDATION HOLDS THESE FUNDS AS A TRUSTEE UNTIL THEY ARE EXPENDED FOR THE UNIVERSITY. THE EXCESS OF CONTRIBUTIONS OVER EXPENDITURES IS SHOWN AS A LIABILITY ON THE BALANCE SHEET. Intended uses of endowment funds Schedule D, Part V, Line 4 THE ENDOWMENT FUNDS ARE HELD FOR THE BENEFIT OF PURDUE UNIVERSITY TO BE USED FOR SCHOLARSHIPS AND AWARDS. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF STATE LAW. HOWEVER, THE FOUNDATION IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. THE FOUNDATION IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION. CURRENT ACCOUNTING STANDARDS REQUIRE THE FOUNDATION TO DISCLOSE THE AMOUNT OF POTENTIAL BENEFIT OR OBLIGATION TO BE REALIZED AS A RESULT OF AN EXAMINATION PERFORMED BY A TAXING AUTHORITY. FOR THE YEAR ENDED JUNE 30, 2013, MANAGEMENT HAS DETERMINED THAT THE FOUNDATION DOES NOT HAVE ANY TAX POSITIONS THAT RESULT IN ANY UNCERTAINTIES REGARDING THE POSSIBLE IMPACT ON THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2010. THE FOUNDATION RECOGNIZES INTEREST AND/OR PENALTIES RELATED TO INCOME TAX MATTERS IN INCOME TAX EXPENSE. THE FOUNDATION DID NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES AT JUNE 30, 2013 AND 2012. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 64607000 EUROPE (INCLUDING ICELAND AND GREENLAND) INVESTMENTS 12715500 NORTH AMERICA (CANADA & MEXICO ONLY) INVESTMENTS 3740000 81062500 true false true true true false true PURDUE UNIVERSITY 401 SOUTH GRANT ST WEST LAFAYETTE IN 47906 356002041 501(C)(3) 19013724 SCHOLARSHIPS & AWARDS PURDUE UNIVERSITY 401 SOUTH GRANT ST WEST LAFAYETTE IN 47906 356002041 501(C)(3) 5130300 SCHOLARSHIPS-XRXL PURDUE UNIVERSITY 401 SOUTH GRANT ST WEST LAFAYETTE IN 47906 356002041 501(C)(3) 5049000 RESEARCH GRANT-XRXL PURDUE UNIVERSITY 401 SOUTH GRANT WEST LAFAYETTE IN 47906 356002041 501(C)(3) 1000000 EQUIPMENT GRANTS-XRXL PURDUE UNIVERSITY 401 SOUTH GRANT WEST LAFAYETTE IN 47906 356002041 501(C)(3) 557500 DISTINGUISHED PROFESSOR GRANTS PURDUE UNIVERSITY 401 SOUTH GRANT WEST LAFAYETTE IN 47906 356002041 501(C)(3) 400000 SUMMER RESEARCH GRANT-XRXL PURDUE UNIVERSITY 401 SOUTH GRANT WEST LAFAYETTE IN 47906 356002041 501(C)(3) 269700 SPEC INCENT RESEARCH GRANT-XRXL PURDUE UNIVERSITY 401 SOUTH GRANT WEST LAFAYETTE IN 47906 356002041 501(C)(3) 151000 INTERNATIONAL TRAVEL GRANTS-XRXL PURDUE UNIVERSITY 401 SOUTH GRANT WEST LAFAYETTE IN 47906 356002041 501(C)(3) 35000 INTERDISPLINARY FELLOWSHIP-XRXL PURDUE UNIVERSITY 401 SOUTH GRANT WEST LAFAYETTE IN 47906 356002041 501(C)(3) 250000 RESEARCH-GRANT GOV'T INDUSTRY 1 0 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 AT THE BEGINNING OF THE TAX YEAR, PURDUE UNIVERSITY SUBMITS AN APPROVED BUDGET FOR GRANT REQUESTS TO THE PURDUE RESEARCH FOUNDATION. FUNDS ARE TRANSFERRED TO THE UNIVERSITY ON A QUARTERLY BASIS ACCORDING TO THE APPROVED BUDGET TO BE AWARDED BY PURDUE. ALL MONEY GRANTED TO PURDUE UNIVERSITY IS USED FOR PROGRAM ACTIVITIES TO FURTHER EDUCATION AND RESEARCH ACTIVITIES. X X X X true true X X X X false false false false false false false false false JOHN HANAK 142132 0 1500 0 8626 0 21603 0 15674 0 189535 0 0 0 JUDITH A HALL 114401 0 0 0 680 0 17806 0 17951 0 150838 0 0 0 GREG DEASON 161351 0 0 0 8096 0 23867 0 15628 0 208942 0 0 0 BELINDA RACHWAL 123031 0 5000 0 251 0 18563 0 14394 0 161239 0 0 0 DAVID HODDE 123630 0 4000 0 1128 0 18866 0 15824 0 163448 0 0 0 JOSEPH B HORNETT 239148 0 0 0 28015 0 37140 0 17314 0 321617 0 0 0 JOHN BOYLE 187436 0 4000 0 697 0 29917 0 23395 0 245445 0 0 0 ELIZABETH HART-WELLS 164245 0 4000 0 244 0 25019 0 16452 0 209960 0 0 0 HAMID PIROOZI 132381 0 0 0 278 0 19525 0 10695 0 162879 0 0 0 First-class or charter travel Schedule J, Part I, Line 1a PURDUE RESEARCH FOUNDATION OWNS AN AIRPLANE USED BY THE PURDUE AVIATION DEPARTMENT FOR EDUCATIONAL TRAINING. THE PLANE IS ALSO USED ON OCCASION BY THE PURDUE BOARD OF TRUSTEES AND MANAGEMENT FOR TRAVEL FOR BUSINESS PURPOSES. PURDUE RESEARCH FOUNDATION EXPENSES ASSOCIATED WITH THE AIRPLANE ARE EXCLUDED FROM TAXABLE INCOME FOR THE INDIVIDUALS SINCE THEY ARE USED FOR BUSINESS PURPOSES. Discretionary spending account Schedule J, Part I, Line 1a THE PRESIDENT HAS A DISCRETIONARY ACCOUNT AVAILABLE FOR SPENDING ON BUSINESS RELATED EXPENSES. PURDUE RESEARCH FOUNDATION EXPENSES ASSOCIATED WITH THE DISCRETIONARY ACCOUNT ARE EXCLUDED FROM TAXABLE INCOME SINCE THEY ARE USED FOR BUSINESS PURPOSES. SPENDING ON THE DISCRETIONARY FUNDS IS RESTRICTED TO ITEMS THAT FALL UNDER THE DISCRETIONARY GUIDELINES AND REQUIRE PROPER SUPPORTING DOCUMENTATION. Health or social club dues or initiation fees Schedule J, Part I, Line 1a PURDUE RESEARCH FOUNDATION PAYS COUNTRY CLUB DUES FOR INDIVIDUALS THAT ARE CONDUCTING BUSINESS AT THE CLUB (SUCH AS DONOR RELATIONS), AND NOT FOR ANY PERSONAL BENEFIT. THE AMOUNT OF COUNTRY CLUB DUES ARE EVAULATED FOR THE PORTION OF PERSONAL VERSUS BUSINESS USE. THE ADJUSTED DUES ARE THEN INCLUDED ON THE EARNING STATEMENTS FOR THOSE INDIVIDUALS Personal services Schedule J, Part I, Line 1a PURDUE RESEARCH FOUNDATION PAYS AN EMPLOYEE AS AN EXECUTIVE PROTECTIVE AGENT FOR SECURITY AND TRANSPORTAION FOR THE PRESIDENT FOR BUSINESS PURPOSE TRAVEL. A INDIANA FINANCE AUTHORITY 351602316 4550576H7 2012-06-13 16311239 REFUNDING OF 2004 AND 2004B BONDS false false false A 0 0 16311239 0 0 16099421 211818 0 0 0 0 0 false true true true A false false false false false false 0.0000 0.0000 0.0000 false false 0 false false A false true false false true false 0 false false false 0 false false false A true X 2 185603 MARKET VALUE X 2 190665 MARKET VALUE X 2 1185000 MARKET VALUE 5 false true false Explanations of reporting method for number of contributions Schedule M, Part I REAL ESTATE - RESIDENTIAL: REAL ESTATE-NUMBER OF CONTRIBUTIONS SECURITIES - PUBLICLY TRADED: SECURITIES-PUBLICLY TRADED: NUMBER OF CONTRIBUTIONS SECURITIES - MISCELLANEOUS: SECURITIES-MISCELLANEOUS: NUMBER OF CONTRIBUTIONS. Number of contributions or items contributed. Schedule M, part I, column (b), Line 15 REAL ESTATE-NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line 9 SECURITIES-PUBLICLY TRADED: NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line 12 SECURITIES-MISCELLANEOUS: NUMBER OF CONTRIBUTIONS. Delegate broad authority to a committee Form 990, Part VI, Section A, Line 1a THE EXECUTIVE COMMITTEE SHALL CONSIST OF 7 MEMBERS: 4 MEMBERS OF SAID COMMITTEE SHALL BE NOMINATED BY THE CHAIR AND ELECTED ANNUALLY BY THE BOARD OF DIRECTORS FROM THE MEMBERSHIP OF SAID BOARD, PROVIDED THAT NO MORE THAN TWO (2) MAY BE GROUP TWO DIRECTORS. SUCH MEMBERS OF SAID COMMITTEE SHALL SERVE FOR ONE YEAR AND UNTIL THEIR SUCCESSORS ARE DULY ELECTED AND QUALIFIED. THE PRESIDENT SHALL BE A MEMBER EX-OFFICIO OF SAID COMMITTEE WITH FULL VOTING RIGHTS, AND THE CHAIR AND VICE-CHAIR SHALL ALSO BE MEMBERS OF SAID COMMITTEE, WITH THE CHAIR SERVING AS THE CHAIR OF SAID COMMITTEE. THE EXECUTIVE COMMITTEE HAS GENERAL OVERSIGHT OF ALL QUESTIONS AFFECTING THE POLICY, PROPERTY, AND FUNCTIONS OF THE FOUNDATION SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD OF DIRECTORS. DURING INTERVALS BETWEEN BOARD MEETINGS, THE EXECUTIVE COMMITTEE MAY EXERCISE ALL AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE FOUNDATION, EXCEPT AS LIMITED BY THE BOARD OF DIRECTORS. Significant changes to organizational documents Form 990, Part VI, Section A, Line 4 ARTICLE V OF THE BY-LAWS OF THE CORPORATION WAS AMENDED ON 2/27/2013 TO READ AS FOLLOWS: * THE FIRST SENTENCE OF SECTION 1: "THE OFFICERS OF SAID CORPORATION SHALL CONSIST OF A CHAIR OF THE BOARD OF DIRECTORS, A PRESIDENT AND CHIEF ENTREPRENEURIAL OFFICER (SOMETIMES REFERRED TO IN THESE BY-LAWS ONLY AS THE "PRESIDENT"), A SENIOR VICE-PRESIDENT, A VICE-PRESIDENT FOR RESEARCH PARK DEVELOPMENT, A VICE-PRESIDENT FOR RESEARCH, A SECRETARY, A TREASURER, AN ASSISTANT SECRETARY, AN ASSISTANT TREASURER AND SUCH OTHER OFFICERS AS MAY BE ELECTED BY THE BOARD OF DIRECTORS." * SECTION 2: "SECTION 2. THE PRESIDENT AND CHIEF ENTREPRENEURIAL OFFICER, SENIOR VICE-PRESIDENT, VICE-PRESIDENT FOR RESEARCH PARK DEVELOPMENT, SECRETARY, TREASURER, ASSISTANT SECRETARY AND ASSISTANT TREASURER SHALL BE ELECTED ANNUALLY BY THE BOARD OF DIRECTORS FOLLOWING THE ANNUAL MEETING OF SAID CORPORATION. THE OFFICERS SO ELECTED SHALL SERVE FOR A TERM OF ONE (1) YEAR OR UNTIL THEIR RESPECTIVE SUCCESSORS SHALL BE DULY ELECTED AND QUALIFIED." * SECTION 3: "SECTION 3. THERE WILL BE A CHAIR OF THE BOARD OF DIRECTORS, AND THE PRESIDENT OF PURDUE UNIVERSITY SHALL HOLD SUCH OFFICE FOR SO LONG AS HE OR SHE REMAINS PRESIDENT. THE CHAIR OF THE BOARD OF DIRECTORS SHALL PRESIDE AT ALL MEETINGS AND PERFORM GENERALLY THE DUTIES CUSTOMARILY REQUIRED OF SUCH OFFICE, SUBJECT, HOWEVER, TO THE DIRECTION OF THE BOARD OF DIRECTORS." * A NEW SECTION 4: "SECTION 4. THERE WILL BE A PRESIDENT AND CHIEF ENTREPRENEURIAL OFFICER, WHO SHALL BE THE CHIEF EXECUTIVE OFFICER OF THE CORPORATION AND PERFORM GENERALLY THE DUTIES CUSTOMARILY REQUIRED OF SUCH OFFICE, SUBJECT HOWEVER, TO THE DIRECTION OF THE BOARD OF DIRECTORS." * THE SECOND SENTENCE OF EXISTING SECTION 4: "THE VICE-CHAIR SHALL WORK ALONGSIDE THE CHAIR OF THE BOARD OF DIRECTORS AND THE PRESIDENT IN LEADING THE BOARD OF DIRECTORS OF THE CORPORATION, SHALL PRESIDE AT ALL MEETINGS OF THE BOARD OF DIRECTORS AND THE EXECUTIVE COMMITTEE IN THE ABSENCE OF THE CHAIR, AND SHALL PERFORM SUCH OTHER DUTIES AS THE CHAIR OR THE BOARD OF DIRECTORS MAY PRESCRIBE FROM TIME TO TIME." * THE EXISTING SECTION 16: "ANY OFFICER EXCEPT THE CHAIR OF THE BOARD OF DIRECTORS, THE PRESIDENT AND THE VICE PRESIDENT FOR RESEARCH MAY BE REMOVED FROM OFFICE BY THE BOARD OF DIRECTORS AT ANYTIME, WITH OR WITHOUT CAUSE." ARTICLE VI OF THE BY-LAWS OF THE CORPORATION WAS AMENDED ON 2/27/2013 TO READ AS FOLLOWS: * THE FIRST FOUR SENTENCES OF SECTION 1: "THE EXECUTIVE COMMITTEE SHALL CONSIST OF SEVEN (7) MEMBERS. FOUR ( 4) MEMBERS OF SAID COMMITTEE SHALL BE ELECTED ANNUALLY BY THE BOARD OF DIRECTORS FROM THE MEMBERSHIP OF SAID BOARD, PROVIDED THAT NO MORE THAN TWO (2) MAY BE GROUP TWO DIRECTORS. SUCH MEMBERS OF SAID COMMITTEE SHALL SERVE FOR ONE YEAR AND UNTIL THEIR SUCCESSORS ARE DULY ELECTED AND QUALIFIED. THE PRESIDENT SHALL BE A MEMBER EX-OFFICIO OF SAID COMMITTEE WITH FULL VOTING RIGHTS, AND THE CHAIR AND VICE-CHAIR SHALL ALSO BE MEMBERS OF SAID COMMITTEE, WITH THE CHAIR SERVING AS THE CHAIR OF SAID COMMITTEE." * THE REFERENCES TO THE "PRESIDENT" IN SECTION 2 SHALL BE CHANGED TO THE "CHAIR OF THE BOARD OF DIRECTORS" TO REFLECT THE LATTER'S POWER TO APPOINT THE MEMBERS OF THE NOMINATING COMMITTEE AND ITS CHAIR. * THE THIRD AND FOURTH SENTENCES OF SECTION 3: "THE COMPENSATION COMMITTEE WILL PERIODICALLY REVIEW, SUBJECT TO THE FINAL SENTENCE OF THIS SECTION 3, THE SALARY AND BENEFITS OF THE CHAIR OF THE BOARD OF DIRECTORS, THE PRESIDENT, AND THE SENIOR VICE PRESIDENT OF THE CORPORATION, AS WELL AS THE SALARY AND BENEFITS OF OTHER EMPLOYEES OF THE CORPORATION WHO HOLD POSITIONS OF SIGNIFICANT MANAGEMENT RESPONSIBILITY. NO MEMBER OF THE COMPENSATION COMMITTEE MAY PARTICIPATE IN A FORMAL COMMITTEE REVIEW OF, OR A FINAL COMMITTEE ACTION WITH RESPECT TO, HIS OR HER OWN COMPENSATION." * THE REFERENCES TO THE "PRESIDENT" IN SECTION 4 SHALL BE CHANGED TO THE "CHAIR OF THE BOARD OF DIRECTORS" TO REFLECT THE LATTER'S POWER TO APPOINT THE MEMBERS OF THE FINANCE/ AUDIT COMMITTEE AND ITS CHAIR. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b THE FORM 990 WILL BE COMPLETED ANNUALLY AFTER THE AUDIT IS COMPLETE. THE COMPANY'S SENIOR VICE PRESIDENT AND TREASURER/COO WILL REVIEW THE FORM 990 WITH THE ASSISTANT VICE PRESIDENT OF FINANCE AND ALSO THE COMPANY'S FINANCE/AUDIT COMMITTEE. AFTER RESOLVING ANY QUESTIONS OR UPDATES, THE FORM 990 WILL BE PRESENTED TO THE BOARD MEMBERS. ALL QUESTIONS AND CONCERNS OF THE MEMBERS OF THE BOARD WILL BE ADDRESSED BY THE SENIOR VICE PRESIDENT AND INCORPORATED INTO THE FORM 990 AS APPROPRIATE. AFTER ALL INPUT HAS BEEN APPROPRIATELY ADDRESSED, THE FORM 990 WILL BE FILED BY THE DUE DATE. Conflict of interest policy Form 990, Part VI, Section B, Line 12c A CONFLICT OF INTEREST QUESTIONNAIRE IS COMPLETED ANNUALLY BY ALL EMPLOYEES AND BOARD MEMBERS. ANY CONFLICTS OF INTEREST ARE INVESTIGATED BY THE HUMAN RESOURCES DEPARTMENT. IF A CONFLICT OF INTEREST IS ESTABLISHED, HUMAN RESOURCES WILL ESTABLISH SAFEGUARDS TO PROTECT ALL PARTIES INVOLVED. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a THE PURDUE RESEARCH FOUNDATION HAS A COMPENSATION COMMITTEE THAT REVIEWS AND APPROVES THE SUGGESTED SALARY INCREASES FOR ALL OFFICERS. ALL SALARIES ARE ALSO REVIEWED BY THE FINANCE/AUDIT COMMITTEE DURING THE COURSE OF THE OVERALL BUDGET PREPRATION AND THEN SENT TO THE FULL BOARD FOR APPROVAL. PURDUE RESEARCH FOUNDATION USES COMPARABILITY DATA FROM SIMILAR FOUNDATIONS AND UNIVERSITIES IN DETERMINING THE SALARIES FOR THE OFFICERS. THE APPROVAL OF THE SALARIES IS DOCUMENTED IN THE BOARD OF DIRECTORS MINUTES. THIS PROCESS WAS LAST UNDERTAKEN IN 2013. Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b THE PURDUE RESEARCH FOUNDATION HAS A COMPENSATION COMMITTEE THAT REVIEWS AND APPROVES THE SUGGESTED SALARY INCREASES FOR ALL OFFICERS. ALL SALARIES ARE ALSO REVIEWED BY THE FINANCE/AUDIT COMMITTEE DURING THE COURSE OF THE OVERALL BUDGET PREPRATION AND THEN SENT TO THE FULL BOARD FOR APPROVAL. PURDUE RESEARCH FOUNDATION USES COMPARABILITY DATA FROM SIMILAR FOUNDATIONS AND UNIVERSITIES IN DETERMINING THE SALARIES FOR THE OFFICERS. THE APPROVAL OF THE SALARIES IS DOCUMENTED IN THE BOARD OF DIRECTORS MINUTES. THIS PROCESS WAS LAST UNDERTAKEN IN 2013. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST TO PURDUE RESEARCH FOUNDATION. THE CONFLICT OF INTESEST POLICY IS NOT AVAILABLE TO THE PUBLIC AT THIS TIME. Other changes in net assets or fund balances Form 990 , Part XI, Line 9 BEGINNING NET ASSETS ICC - -624246; Number of contributions or items contributed. Schedule M, part I, column (b), Line 9 SECURITIES-PUBLICLY TRADED: NUMBER OF CONTRIBUTIONS Number of contributions or items contributed. Schedule M, part I, column (b), Line 12 SECURITIES-MISCELLANEOUS: NUMBER OF CONTRIBUTIONS. INPROTEO LLC 1281 WIN HENTSCHEL BLVD WEST LAFAYETTE IN 47906 431952076 RESEARCH DE 100335 238448 PURDUE RESEARCH FOUNDATION VACCINE LLC 1281 WIN HENTSCHEL BLVD WEST LAFAYETTE IN 47906 351052049 RESEARCH & EDUCATION IN 81 77334 PURDUE RESEARCH FOUNDATION PURDUE UNIVERSITY OF CALUMET LLC 1281 WIN HENTSCHEL BOULEVARD WEST LAFAYETTE IN 479064182 351052049 MANAGE TECHNOLOGY CENTER IN 0 0 PURDUE RESEARCH FOUNDATION HUBZERO FOUNDATION LLC 1281 WIN HENTSCHEL BLVD WEST LAFAYETTE IN 47906 351052049 RESEARCH & EDUCATION IN 229401 140674 PURDUE RESEARCH FOUNDATION MCCLURE PARK LLC 1281 WIN HENTSCHEL BLVD WEST LAFAYETTE IN 47906 351078594 PROPERTY MANAGEMENT IN PURDUE RESEARCH FOUNDATION C CORPORATION 2428924 11540668 1 true true false false true false true false false false false false false false false true false true false false MCCLURE PARK LLC A 379889 COST MCCLURE PARK LLC D 16985615 COST MCCLURE PARK LLC F 175000 COST