UNIVERSITY ENTERPRISE LABORATORIES INC: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
UNIVERSITY ENTERPRISE LABORATORIES INC (EIN 41-2093194)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-05-13
IRS object ID
201441339349302449
Schema version
2013v3.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2014-05-13T12:35:32-05:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN390859910PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BAKER TILLY VIRCHOW KRAUSE LLPBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1225 S 6TH ST 2300AddressLine1
CityMINNEAPOLISCity
StateMNState
ZIP Code55402ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN412093194EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1UNIVERSITY ENTERPRISE LABORATORIES INCBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlUNIVBusinessNameControlTxt
Phone6516412800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11000 WESTGATE DRIVE SUITE 101AddressLine1
CityST PAULCity
StateMNState
ZIP Code55114ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJEREMY LENZPersonNm
Person TitleBOARD CHAIRMANPersonTitleTxt
Phone6516412800PhoneNum
Signature2014-05-07SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLAWRENCE H MOHR CPAPreparerPersonNm
PTINP00447603PTIN
Phone6128764500PhoneNum
Preparation2014-05-07PreparationDt
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJEREMY LENZPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11000 WESTGATE DRIVE SUITE 101AddressLine1
CityST PAULCity
StateMNState
ZIP Code55114ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$2,820,549GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.UELMN.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2002FormationYr
Legal Domicile StateMNLegalDomicileStateCd
Activity Or MissionUEL 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 Body22VotingMembersGoverningBodyCnt
Voting Members Independent22VotingMembersIndependentCnt
Total Employee1TotalEmployeeCnt
Total Volunteers21TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$7,989PYContributionsGrantsAmt
CY Contributions Grants$11,625CYContributionsGrantsAmt
PY Program Service Revenue$5,047,987PYProgramServiceRevenueAmt
CY Program Service Revenue$2,806,816CYProgramServiceRevenueAmt
PY Investment Income$4,153PYInvestmentIncomeAmt
CY Investment Income$2,108CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$5,060,129PYTotalRevenueAmt
CY Total Revenue$2,820,549CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$66,836CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$38,520CYTotalFundraisingExpenseAmt
PY Other Expenses$2,505,098PYOtherExpensesAmt
CY Other Expenses$2,707,462CYOtherExpensesAmt
PY Total Expenses$2,505,098PYTotalExpensesAmt
CY Total Expenses$2,774,298CYTotalExpensesAmt
PY Revenues Less Expenses$2,555,031PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$46,251CYRevenuesLessExpensesAmt
Total Assets BOY$8,308,758TotalAssetsBOYAmt
Total Assets EOY$15,034,419TotalAssetsEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$9,514,107TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$8,308,758NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,520,312NetAssetsOrFundBalancesEOYAmt
MissionTO INCUBATE EARLY STAGE BIOSCIENCE VENTURES BY PROVIDING PREMIER FACILITIES AND SERVICES THAT ENABLE INNOVATION, GROWTH, COMMERCIAL SUCCESS, AND JOB GROWTH.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,574,849ExpenseAmt
Revenue$2,806,816RevenueAmt
DescSERVES 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$2,574,849TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer EntYes (1)BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document11IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee1EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members22GoverningBodyVotingMembersCnt
Independent Voting Member22IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RICK BERCBusinessNameLine1
FieldValueIRS element (for citing)
Phone9528548800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12001 KILLEBREW DRIVE SUITE 170AddressLine1
CityBLOOMINGTONCity
StateMNState
ZIP Code55425ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
ANTHONY CARIDEO
DIRECTOR1.00Yes (X)$0$0$0
ARON ANDERSON PHD
SECRETARY1.00Yes (X)$0$0$0Yes (X)
BRIAN MENSINK
TREASURER1.00Yes (X)$0$0$0Yes (X)
CECILE BEDOR
DIRECTOR1.00Yes (X)$0$0$0
DANIEL FOLEY MD
DIRECTOR1.00Yes (X)$0$0$0
JEREMY LENZ
CHAIRMAN1.00Yes (X)$0$0$0Yes (X)
JOANNA LABRESH
DIRECTOR1.00Yes (X)$0$0$0
JOHN STAVIG
DIRECTOR1.00Yes (X)$0$0$0
JON ANDERSON
DIRECTOR1.00Yes (X)$0$0$0
JOSEPH SHAW
DIRECTOR1.00Yes (X)$0$0$0
LAURA MCCARTEN
DIRECTOR1.00Yes (X)$0$0$0
LYNN IHLENFELDT
DIRECTOR1.00Yes (X)$0$0$0
NANCY HOMANS
DIRECTOR1.00Yes (X)$0$0$0
PAUL KNAPP
DIRECTOR1.00Yes (X)$0$0$0
PETE BIRKELAND
DIRECTOR1.00Yes (X)$0$0$0
STEVE MERTENS
DIRECTOR1.00Yes (X)$0$0$0
SUSAN PAQUETTE
DIRECTOR1.00Yes (X)$0$0$0
TODD TAYLOR
VICE CHAIRMAN1.00Yes (X)$0$0$0Yes (X)
TOM MARTIN
DIRECTOR1.00Yes (X)$0$0$0
SARAH HARRIS
DIRECTOR1.00Yes (X)$0$0$0
JEFF MONTANYE
DIRECTOR1.00Yes (X)$0$0$0
ROBERT ELDE
DIRECTOR1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TAPESTRY MANAGEMENTBusinessNameLine1

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line12001 KILLEBREW DR STE 170AddressLine1
CityMINNEAPOLISCity
StateMNState
ZIP Code55425ZIPCode
FieldValueIRS element (for citing)
ServicesMANAGEMENT SERVICESServicesDesc
Compensation$105,261CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
All Other Contributions$11,625AllOtherContributionsAmt
Total Contributions$11,625TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescRENTAL INCOMEDesc
Business532000BusinessCd
Total Revenue Column$2,806,816TotalRevenueColumnAmt
Related Or Exempt Func Income$2,806,816RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$2,806,816TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,108TotalRevenueColumnAmt
Exclusion$2,108ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,820,549TotalRevenueColumnAmt
Related Or Exempt Func Income$2,806,816RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$2,108ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$66,836TotalAmt
Program Services$42,836ProgramServicesAmt
Management And General$24,000ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$105,261TotalAmt
Management And General$105,261ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$2,529TotalAmt
Management And General$2,529ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$38,588TotalAmt
Program Services$12,000ProgramServicesAmt
Management And General$26,588ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$30,816TotalAmt
Fundraising$30,816FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$2,100TotalAmt
Program Services$2,100ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$24,812TotalAmt
Program Services$24,812ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$756,281TotalAmt
Program Services$756,281ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$407,824TotalAmt
Program Services$407,824ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$803,866TotalAmt
Program Services$803,866ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$26,044TotalAmt
Program Services$23,493ProgramServicesAmt
Management And General$2,551ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
REPAIRS AND MAINTENANCE$351,462$351,462
BAD DEBT EXPENSE$110,000$110,000
MISCELLANEOUS EXPENSE$28,496$28,496
EQUIPMENT RENTAL$11,679$11,679

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$7,704TotalAmt
Fundraising$7,704FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,774,298TotalAmt
Program Services$2,574,849ProgramServicesAmt
Management And General$160,929ManagementAndGeneralAmt
Fundraising$38,520FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$184,103BOYAmt
EOY$392,267EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$111,813EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$189,294EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
EOY$9,430EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$7,158EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$20,555,243LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$7,410,907LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$13,144,336EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$8,124,655BOYAmt
EOY$1,180,121EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$8,308,758BOYAmt
EOY$15,034,419EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
EOY$84,174EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
EOY$174,668EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
EOY$9,160,477EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$94,788EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$9,514,107EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$8,308,758BOYAmt
EOY$5,520,312EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,308,758BOYAmt
EOY$5,520,312EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,308,758BOYAmt
EOY$15,034,419EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$46,251ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$2,834,697OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$22,694CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$313,304CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$105,600CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,989CurrentTaxYearMinus1YearAmt
Current Tax Year$11,625CurrentTaxYearAmt
Total$461,212TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,209,282CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,203,611CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,307,733CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,404,777CurrentTaxYearMinus1YearAmt
Current Tax Year$2,806,816CurrentTaxYearAmt
Total$11,932,219TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,231,976CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,516,915CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,413,333CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,412,766CurrentTaxYearMinus1YearAmt
Current Tax Year$2,818,441CurrentTaxYearAmt
Total$12,393,431TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Current Tax Year$1,119,560CurrentTaxYearAmt
Total$1,119,560TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year$1,119,560CurrentTaxYearAmt
Total$1,119,560TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$11,273,871PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$34,535CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$18,973CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$24,650CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,153CurrentTaxYearMinus1YearAmt
Current Tax Year$2,108CurrentTaxYearAmt
Total$84,419TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$34,535CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$18,973CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$24,650CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,153CurrentTaxYearMinus1YearAmt
Current Tax Year$2,108CurrentTaxYearAmt
Total$84,419TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$2,643,210CurrentTaxYearMinus1YearAmt
Total$2,643,210TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,266,511CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,535,888CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,437,983CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,060,129CurrentTaxYearMinus1YearAmt
Current Tax Year$2,820,549CurrentTaxYearAmt
Total$15,121,060TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.74560PublicSupportCY509Pct
Public Support PY5090.80360PublicSupportPY509Pct
Investment Income CY0.00560InvestmentIncomeCYPct
Investment Income PY0.01520InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
VolunteersYes (1)VolunteersInd
Paid Staff Or Management0PaidStaffOrManagementInd
Media Advertisements0MediaAdvertisementsInd
Mailings Members0MailingsMembersInd
Publications Or Broadcast0PublicationsOrBroadcastInd
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (1)DirectContactLegislatorsInd
Direct Contact Legislators$984DirectContactLegislatorsAmt
Rallies Demonstrations0RalliesDemonstrationsInd
Other ActivitiesYes (1)OtherActivitiesInd
Other Activities$30,816OtherActivitiesAmt
Total Lobbying Expenditures$31,800TotalLobbyingExpendituresAmt
Not Described Section501c30NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART II-B, LINE 1:FormAndLineReferenceDesc
ExplanationUEL 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. UEL ALSO HOSTED THE MINNESOTA SENATE BONDING TOUR DURING 2013.ExplanationTxt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,420,000OtherCostOrOtherBasisAmt
Book Value$2,420,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$12,706,642OtherCostOrOtherBasisAmt
Depreciation$2,733,309DepreciationAmt
Book Value$9,973,333BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,831,989OtherCostOrOtherBasisAmt
Depreciation$4,263,277DepreciationAmt
Book Value$568,712BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$596,612OtherCostOrOtherBasisAmt
Depreciation$414,321DepreciationAmt
Book Value$182,291BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$13,144,336TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (4 entries)

DescDescBook ValueBookValueAmt
DEFERRED RENT ASSET$225,062
ASSETS WHOSE USE IS LIMITED$424,606
LEASE COMMISSIONS$147,531
DEBT ISSUANCE COST$382,922
FieldValueIRS element (for citing)
Total Book Value Other Assets$1,180,121TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescREFUNDABLE SECURITY DEPOSITSDesc
Amt$94,788Amt
FieldValueIRS element (for citing)
Total Liability$94,788TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE 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, 2013 AND 2012. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR FISCAL YEAR 2010 AND THEREAFTER ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES.ExplanationTxt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
KINGFISHER BIOTECH
CEO OF KINGFISHER BIOTECH IS A DIRECTOR OF UEL.$54,500CEO 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.0
THE SHAW GROUP
CEO OF THE SHAW GROUP IS A DIRECTOR OF UEL.$2,996CEO OF THE SHAW GROUP, JOSEPH SHAW, IS A DIRECTOR OF UEL. THE SHAW GROUP 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 THE SHAW GROUP.0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2NANCY HOMANS AND CECILE BEDOR: BUSINESS RELATIONSHIP
FORM 990, PART VI, SECTION A, LINE 3MANAGEMENT DUTIES DELEGATED TO TAPESTRY MANAGEMENT LLC, F/K/A LASALLE MANAGEMENT GROUP.
FORM 990, PART VI, SECTION A, LINE 7ASINCE 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 11THE 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 12CBOARD MEMBERS COMPLETE CONFLICT OF INTEREST STATEMENTS ANNUALLY AND ARE REQUIRED TO REPORT ANY CHANGES AS THEY ARISE.
FORM 990, PART VI, SECTION B, LINE 15THE 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 19INFORMATION IS AVAILABLE UPON REQUEST OF THE MANAGEMENT COMPANY OR MAILING.
FORM 990, PART XI, LINE 9:ACCUMULATED EARNINGS OF SUBSIDIARY NOW TREATED AS A SINGLE MEMBER LLC -2,834,697.
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 34ON 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

FieldValueIRS element (for citing)
Business Name Line1UEL REAL ESTATE HOLDINGS LLCBusinessNameLine1

US Address USAddress

FieldValueIRS element (for citing)
Address Line11000 WESTGATE DRIVEAddressLine1
CityST PAULCity
StateMNState
ZIP Code55114ZIPCode
FieldValueIRS element (for citing)
EIN202133240EIN
Primary ActivitiesLAB RENTAL TO EMERGING LIFE SCIENCE COMPANIESPrimaryActivitiesTxt
Legal Domicile StateMNLegalDomicileStateCd
Total Income$144,627TotalIncomeAmt
End Of Year Assets$14,422,864EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1UNIVERSITY ENTERPRISE LABORATORIESBusinessNameLine1

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