2012-05-11T15:30:32-05:00 2011-06-30 DALE SAYLOR & ASSOCIATES CPA'S 5640 FRANTZ ROAD DUBLIN OH 43017 990 2010-07-01 311458153 SCIENCE AND TECHNOLOGY CAMPUS CORP SCIE 6146754100 1275 KINNEAR ROAD COLUMBUS OH 43212 MICHAEL SUHOVECKY 6146754100 2012-05-07 true DALE R SAYLOR CPA 6147664224 2012-05-11 X 2010 2016-02-24 21:20:13Z DOUG ASCHENBACH 1275 KINNEAR ROAD COLUMBUS OH 43212 5093137 false X WWW.STCC.ORG X 1996 OH THE CORPORATION IS FORMED AND ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF ADVANCING, ENCOURAGING AND PROMOTING THE INDUSTRIAL, ECONOMIC, COMMERCIAL AND CIVIL DEVELOPMENT OF AN AREA TO SERVE AS A RESEARCH PARK FOR THE COMMON BENEFIT AND GENERAL WELFARE OF THE OHIO STATE UNIVERSITY, THE STATE OF OHIO, FRANKLIN COUNTY, OHIO, THE CITY OF COLUMBUS, OHIO AND THEIR RESPECTIVE COMMUNITIES. 9 5 0 0 1560492 1151815 3393815 3938641 39111 2681 0 4993418 5093137 0 0 0 0 0 3856269 4057355 3856269 4057355 1137149 1035782 35304015 39396523 26668471 29725197 8635544 9671326 X THE CORPORATION IS FORMED AND ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF ADVANCING, ENCOURAGING AND PROMOTING THE INDUSTRIAL, ECONOMIC, COMMERCIAL AND CIVIL DEVELOPMENT OF AN AREA TO SERVE AS A RESEARCH PARK FOR THE COMMON BENEFIT AND GENERAL WELFARE OF THE OHIO STATE UNIVERSITY, THE STATE OF OHIO, FRANKLIN COUNTY, OHIO, THE CITY OF COLUMBUS, OHIO AND THEIR RESPECTIVE COMMUNITIES. false false 3910059 SCIENCE AND TECHNOLOGY CAMPUS CORP (SCITECH) IS A NOT-FOR-PROFIT CORPORATION AFFILIATED WITH THE OHIO STATE UNIVERSITY (OSU). SCITECH IS THE SOLE DEVELOPER OF THE 53 ACRE INNOVATION PARK ON THE CAMPUS OF OSU FOR THE PURPOSE OF CONSTRUCTING AN ENHANCED SCIENCE AND TECHNOLOGY CAMPUS AT OSU. IT PROVIDES SPACE FOR TECHNOLOGY RELATED ENTERPRISES AND RESEARCH AND DEVELOPMENT ENTITIES. SCITECH ALSO PROVIDES FACILITIES FOR COMMERCIAL ENTERPRISES AND RESEARCH AND DEVELOPMENT INSTITUTES THAT CAN BENEFIT FROM THE RESOURCES AVAILABLE IN THE UNIVERSITY COMMUNITY. ADDITIONALLY, SCITECH HELPS FACULTY MEMBERS TAKE UNIVERSITY RESEARCH TO COMMERCIALIZATION VIA START-UP COMPANIES, THUS ENCOURAGING ENTREPENEURSHIP IN HIGH TECHNOLOGY IN COLUMBUS, OHIO. 3910059 true true false false false false false false false false true false false false false false true false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false true 19 0 0 false false false false false false X 9 5 true false false false false true false true false false false true true true true true true false false true true OH X X BEANSTALK CFO GROUP 6142211077 330 W SPRING ST COLUMBUS OH 43215 CAROLINE WHITACRE X 0 0 0 BOBBY MOSER X 0 0 0 TED CELESTE X 0 0 0 WILLIAM WESTBROOK X 0 0 0 GREGORY WASHINGTON X 0 0 0 ZACHARY KLEIN 0.00 X 0 0 0 BRENDAN FOLEY 0.00 X 0 0 0 ALEX FISCHER X 0 0 0 BLAKE THOMPSON X 0 0 0 MICHAEL SUHOVECKY 23.00 X 115786 0 0 DOUGLAS ASCHENBACH 8.00 X 0 0 0 CHRISTOPHER CULLEY X 0 0 0 115786 1 false false false ELFORD INC 1220 DUBLIN ROAD COLUMBUS OH 43215 CONSTRUCTION 1428296 TURNER CONSTRUCTION COMPANY 250 E WILSON BRIDGE RD WORTHINGTON OH 43085 CONSTRUCTION 697932 ADENA CORPORATION 1310 W FOURTH STREET MANSFIELD OH 44906 CONSTRUCTION 575727 MARK ALLARD EXCAVATION 8336 BENNETT SCHOOLHOUSE RD SOUTH WEBSTER OH 45682 CONSTRUCTION 532702 REDDY ELECTRIC CO 1145 BELLBROOK AVE XENIA OH 45385 CONSTRUCTION 526967 12 851815 300000 1151815 RENTAL INCOME 3744321 3744321 OTHER FEES 194320 194320 3938641 2681 2681 5093137 3938641 2681 19120 14340 4780 47448 9490 37958 239081 153519 85562 7952 3977 3975 1880297 1877676 2621 419 210 209 797289 797289 1091248 1091248 19897 9949 9948 IMPAIRMENT RESERVE 63376 63376 TELECOMMUNICATIONS 4236 2118 2118 BANK SERVICE CHARGES 2767 2767 DUES & SUBSCRIPTIONS 1911 1911 BAD DEBT EXPENSE 208 208 -117894 -118019 125 4057355 3910059 147296 0 508573 376417 151767 154650 114779 4018530 378313 462935 43282944 9381558 33598610 33901386 551973 482605 35304015 39396523 2408790 1842515 3487088 24141537 24395594 118144 26668471 29725197 X 8635544 9671326 8635544 9671326 35304015 39396523 1035782 X false true false X false X 466463 432387 522685 1560492 1151815 4133842 466463 432387 522685 1560492 1151815 4133842 4133842 5104 3827 1324 39111 2681 52047 4185889 3938641 0.98760 0.98430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false false false 30552378 5109762 25442616 12370000 4028460 8341540 244770 243336 1434 115796 115796 33901386 5093137 4057355 1035782 1035782 5093137 5093137 5093137 4057355 4057355 4057355 SUPPLEMENTAL FINANCIAL INFORMATION SCHEDULE D, PAGE 4, PART XIV THERE ARE NO RECONCILING ITEMS BETWEEN THE AUDITED FINANCIAL STATEMENTS AND THE FORM 990. MICHAEL SUHOVECKY TREASURER 115786 PROJECT DEV. FEES false ORGANIZATION'S MISSION FORM 990 - ORGANIZATION'S MISSION THE CORPORATION IS FORMED AND ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF ADVANCING, ENCOURAGING AND PROMOTING THE INDUSTRIAL, ECONOMIC, COMMERCIAL AND CIVIL DEVELOPMENT OF AN AREA TO SERVE AS A RESEARCH PARK FOR THE COMMON BENEFIT AND GENERAL WELFARE OF THE OHIO STATE UNIVERSITY, THE STATE OF OHIO, FRANKLIN COUNTY, OHIO, THE CITY OF COLUMBUS, OHIO AND THEIR RESPECTIVE COMMUNITIES. RELATED PARTY INFORMATION AMONG OFFICERS FORM 990, PAGE 6, PART VI, LINE 2 MICHAEL SUHOVECKY WILLIAM WESTBROOK TREASURER BOARD MEMBER PARTNERS -BRIER HILL ASSOC LLC ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A THE PRESIDENT OF THE OHIO STATE UNIVERSITY HAS THE POWER TO APPOINT FOUR MEMBERS TO SIT ON THE CORPORATION'S BOARD, AND THOSE FOUR MEMBERS MAY BE REMOVED AT ANY TIME BY THE PRESIDENT OF THE OHIO STATE UNIVERSITY. THE THEN CURRENT BOARD MEMBERS ELECT FIVE ADDITIONAL MEMBERS TO SIT ON THE BOARD FOR ROTATING FIVE YEAR TERMS. DOCUMENTATION BY COMMITTEE FORM 990, PAGE 6, PART VI, LINE 8B THERE IS NO WRITTEN DOCUMENTATION FOR COMMITTEE MEETINGS AS MINUTES ARE ONLY PREPARED FOR THE BOARD MEETINGS. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE ORGANIZATION'S TREASURER REVIEWS (AND MEETS WITH THE RETURN PREPARER, IF NECESSARY) THE FORM 990. AFTERWARDS, THE TREASURER PRESENTS THE 990 TO THE FINANCE COMMITTEE FOR REVIEW. AFTER ALL QUESTIONS/COMMENTS HAVE BEEN ADDRESSED FROM BOTH REVIEWS THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THE PERSON HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY. UPON DISCLOSURE OF A POTENTIAL CONFLICT OF INTEREST, THE AFFECTED BOARD MEMBER SHALL EXCUSE HIMSELF FROM THE BOARD MEETING. AT THAT TIME THE REMAINING BOARD MEMBERS WILL DISCUSS THE POTENTIAL CONFLICT AND VOTE UPON WHETHER A CONFLICT OF INTEREST DOES OR DOES NOT EXIST. IF A CONFLICT OF INTEREST IS FOUND TO EXIST, THE BOARD SHALL PURSUE ALTERNATIVES TO THE DISCLOSED TRANSACTION OR ARRANGEMENT. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD SHALL DETERMINE BY A MAJORITY VOTE, OF THE DISINTERESTED DIRECTORS, WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. AFTER MAKING THIS DETERMINATION THE BOARD SHALL DECIDE WHETHER OR NOT TO ENTER INTO THE TRANSACTION OR AGREEMENT. VIOLATIONS OF CONFLICTS OF INTEREST POLICY - IF THE BOARD HAS REASON TO BELIEVE THAT AN INTERESTED PARTY DID NOT DISCLOSE THEIR ACTUAL OR POSSIBLE CONFLICT OF INTEREST THE BOARD SHALL AFFORD THE INTERESTED PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE EXPLANATION AND AFTER MAKING FURTHER INVESTIGATION, AS WARRANTED, THE BOARD DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST FROM THE ORGANIZATION.