UNIVERSITY ENTERPRISE LABORATORIES INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY ENTERPRISE LABORATORIES INC (EIN 41-2093194)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-11-14
- IRS object ID
- 201123189349306652
- Schema version
- 2010v3.4
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-11-14T16:09:49-06:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY VIRCHOW KRAUSE LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 225 S 6TH ST STE 2300 | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55402 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 412093194 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY ENTERPRISE LABORATORIES INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | UNIV | NameControl |
| Phone | 6516412800 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 WESTGATE DRIVE SUITE 101 | AddressLine1 |
| City | ST PAUL | City |
| State | MN | State |
| ZIP Code | 55114 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BRIAN MENSINK | Name |
| Title | TREASURER | Title |
| Phone | 6516412800 | Phone |
| Date Signed | 2011-11-14 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LAWRENCE H MOHR CPA | Name |
| Phone | 6128764500 | Phone |
| Date Prepared | 2011-11-13 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | BRIAN MENSINK | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 WESTGATE DRIVE SUITE 101 | AddressLine1 |
| City | SAINT PAUL | City |
| State | MN | State |
| ZIP Code | 55114 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 2535888 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.UELMN.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2002 | YearFormation |
| State Legal Domicile | MN | StateLegalDomicile |
| Activity Or Mission Description | UEL 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 24 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 24 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 30 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 22694 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 313304 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 2209282 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 2203611 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 34535 | InvestmentIncomePriorYear |
| Investment Income Current Year | 18973 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 2266511 | TotalRevenuePriorYear |
| Total Revenue Current Year | 2535888 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 0 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2841164 | OtherExpensePriorYear |
| Other Expenses Current Year | 2673184 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 2841164 | TotalExpensesPriorYear |
| Total Expenses Current Year | 2673184 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -574653 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -137296 | RevenuesLessExpensesCY |
| Total Assets BOY | 8994544 | TotalAssetsBOY |
| Total Assets EOY | 8967322 | TotalAssetsEOY |
| Total Liabilities BOY | 1131031 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 782775 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 7863513 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 8184547 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO INCUBATE EARLY STAGE BIOSCIENCE VENTURES BY PROVIDING PREMIER FACILITIES AND SERVICES THAT ENABLE INNOVATION, GROWTH, COMMERCIAL SUCCESS, AND JOB GROWTH. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 2673184 | Expense |
| Revenue | 2203611 | Revenue |
| Description | SERVES 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. | Description |
| Total Program Service Expense | 2673184 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 9 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 24 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 24 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 1 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SUE MICHALETZ | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5073873403 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 227 EAST MAIN STREET SUITE 100 | AddressLine1 |
| City | MANKATO | City |
| State | MN | State |
| ZIP Code | 56001 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (24 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| PAUL KNAPP | ||||||
| CHAIR | 5.00 | X | X | 0 | 0 | 0 |
| TONY CARIDEO | ||||||
| VICE CHAIR | 1.00 | X | X | 0 | 0 | 0 |
| ANDY LAFRENCE | ||||||
| DIRECTOR | 8.00 | X | 0 | 0 | 0 | |
| ARON ANDERSON | ||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 |
| WESLEY BARKER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| DANIEL FOLEY MD | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| LYNN IHLENFELDT | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| STEVE MERTENS PHD | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| CECILE BEDOR | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| LAWRENCE GRAB PHD | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JOANNA LABRESH | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| THOMAS OLSON | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| PATRICK CLINE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JEREMY LENZ | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| CHARLES OSBORNE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ROBERT ELDE PHD | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| KYLE HANSEN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| TOM MARTIN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| SUSAN PAQUETTE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| THERESA GREENWALD | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| KATIE HOFFMAN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| NANCY HOMANS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| BRIAN MENSINK | ||||||
| TREASURER | 2.00 | X | X | 0 | 0 | 0 |
| JOSEPH SHAW | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| MMCDC NEW MARKETS | |||||
| 119 GRAYSTONE PLAZA SUITE 100 | DETROIT LAKES | MN | 56501 | INTEREST AND FEES FOR MORTGAGE | 275526 |
| LASALLE MANAGEMENT GROUP | |||||
| 2001 KILLEBREW DR SUITE 308 | BLOOMINGTON | MN | 55425 | PROPERTY MANAGEMENT AND OPERATIONS | 249725 |
| CLOVER MAINTENANCE | |||||
| 7229 177TH AVENUE NE | FOREST LAKE | MN | 55025 | BUILDING CLEANING SERVICES | 119989 |
| HARRIS MECHANICAL SERVICES | |||||
| 909 MONTREAL CIRCLE | ST PAUL | MN | 55012 | HVAC PREVENTATIVE MAINTENANCE AND BOILER | 117245 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| All Other Contributions | 313304 | AllOtherContributions |
| Total Contributions | 313304 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | GROSS RENTAL INCOME FR | Description |
| Business Code | 532000 | BusinessCode |
| Total Revenue Column | 2203611 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2203611 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 2203611 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 18973 | TotalRevenueColumn |
| Exclusion | $18,973 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2535888 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2203611 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $18,973 | ExclusionAmount |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| RENTAL EXPENSES FROM SU | 2672789 | 2672789 |
| MISCELLANEOUS | 395 | 395 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2673184 | Total |
| Program Services | 2673184 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2119 | BOY |
| EOY | 216793 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 339896 | BOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 12434 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 12434 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4025333 | BOY |
| EOY | 4123333 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4627196 | BOY |
| EOY | 4627196 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8994544 | BOY |
| EOY | 8967322 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1131031 | BOY |
| EOY | 782775 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1131031 | BOY |
| EOY | 782775 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7523617 | BOY |
| EOY | 8184547 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 339896 | BOY |
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7863513 | BOY |
| EOY | 8184547 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8994544 | BOY |
| EOY | 8967322 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -137296 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 458330 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 71580 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3523036 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 125501 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 22694 | CurrentTaxYearMinus1Year |
| Current Tax Year | 313304 | CurrentTaxYear |
| Total | 4056115 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1293223 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2092078 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2257835 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2209282 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2203611 | CurrentTaxYear |
| Total | 10056029 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1364803 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 5615114 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2383336 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2231976 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2516915 | CurrentTaxYear |
| Total | 14112144 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 2000000 | CurrentTaxYearMinus3Years |
| Total | 2000000 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 2000000 | CurrentTaxYearMinus3Years |
| Total | 2000000 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 12112144 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 162984 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 225615 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 143298 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 34535 | CurrentTaxYearMinus1Year |
| Current Tax Year | 18973 | CurrentTaxYear |
| Total | 585405 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 162984 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 225615 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 143298 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 34535 | CurrentTaxYearMinus1Year |
| Current Tax Year | 18973 | CurrentTaxYear |
| Total | 585405 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 68869 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 17582 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 53784 | CurrentTaxYearMinus2Years |
| Total | 140235 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1596656 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 5858311 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2580418 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2266511 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2535888 | CurrentTaxYear |
| Total | 14837784 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.81630 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.66410 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.03950 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.04080 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 1 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 1 | OtherActivities |
| Other Activities | $22,835 | OtherActivitiesAmount |
| Total Lobbying Expenditures IIB | 22835 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF OTHER LOBBYING ACTIVITIES: | Identifier |
| Return Reference | PART II-B, LINE 1I: | ReturnReference |
| Explanation | UEL INC. ENTERED INTO A CONTRACT WITH GSP CONSULTING CORP 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. | Explanation |
Schedule D IRS990ScheduleD
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 12434 | OtherCostOrOtherBasis |
| Depreciation | 12434 | Depreciation |
| Book Value | 0 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INVESTMENT IN SUBSIDARY | Description |
| Book Value | 4627196 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 4627196 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| REFUNDABLE ADVANCES | $100,000 |
| DUE TO SUBSIDIARY | $682,775 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 782775 | TotalOfAmounts |
| Total Revenue | 2535888 | TotalRevenue |
| Total Expenses | 2673184 | TotalExpenses |
| Excess Or Deficit For Year | -137296 | ExcessOrDeficitForYear |
| Other | $458,330 | OtherAmount |
| Total Adjustments | 458330 | TotalAdjustments |
| Excess Or Deficit Per FS | 321034 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 2773983 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 2452553 | OtherRevenues |
| Revenue Not Rptd F990 | 2452553 | RevenueNotRptdF990 |
| Revenue Subtotal | 321430 | RevenueSubtotal |
| Other Revenues Not Included | 2214458 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 2214458 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 2535888 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 2789043 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 2788648 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 2788648 | ExpensesNotRptdF990 |
| Expenses Subtotal | 395 | ExpensesSubtotal |
| Other Expenses Not Included | 2672789 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 2672789 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 2673184 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE ORGANIZATION HAS RECEIVED NOTIFICATION THAT IT QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501 (C)(3) OF THE U.S. INTERNAL REVENUE CODE AND CORRESPONDING PROVISIONS OF STATE LAW AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. HOWEVER, THE ORGANIZATION IS SUBJECT TO STATE AND FEDERAL INCOME TAXES ON UNRELATED INCOME. THE SUBSIDIARY IS A LIMITED LIABILITY COMPANY FOR FEDERAL AND STATE INCOME TAX PURPOSES. AS SUCH, THE SUBSIDIARY'S INCOME, LOSSES AND CREDITS ARE INCLUDED IN THE INCOME TAX RETURNS OF ITS MEMBERS. THEREFORE, NO PROVISION OR LIABILITY FOR SUBSIDIARY INCOME TAXES (OTHER THAN MINIMUM FEES) IS INCLUDED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. IN ACCORDANCE WITH THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE ORGANIZATION ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERIT OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES DURING 2010 AND 2009. OPEN TAX YEARS SUBJECT TO EXAMINATION BY THE U.S. AND STATE TAXING AUTHORITIES ARE FOR THE YEARS 2008 TO 2010, WHICH STATUTES EXPIRE IN 2011 TO 2013, RESPECTIVELY. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | TAXABLE INCOME AND EXPENSES FROM TAXABLE SUBSIDIARY 458,330. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | REVENUES OF TAXABLE SUBSIDIARY FOR BOOKS 2,452,553. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | RENT & INTEREST INCOME OF TAXABLE SUBSIDIARY FOR TAX PURPOSES 2,214,458. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | EXPENSES OF TAXABLE SUBSIDARY FOR BOOKS 2,788,648. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | EXPENSES OF TAXABLE SUBSIDIARY FOR TAX PURPOSES 2,672,789. |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (8 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| JOSEPH SHAW | |||
| DIRECTOR | 178520 | JOSEPH SHAW IS A DIRECTOR OF UNIVERSITY ENTERPRISE LABORATORIES. HE IS ALSO THE CEO OF SYNTIRON. SYNTIRON IS A RENTAL TENANT OF UNIVERSITY ENTERPRISE LABORATORIES. ALL TRANSACTIONS OCCURRED IN THE NORMAL COURSE OF BUSINESS AND THE BOARD MEMBER ABSTAINED FROM VOTING ON ANY DECISIONS RELATED TO BUSINESS TRANSACTIONS WITH SYNTIRON. | 0 |
| PAUL KNAPP | |||
| DIRECTOR | 116475 | PAUL KNAPP IS A DIRECTOR OF UNIVERSITY ENTERPRISE LABORATORIES, INC. AND ALSO A DIRECTOR OF GEL-DEL. GEL-DEL IS A RENTAL TENANT OF UNIVERSITY ENTERPRISE LABORATORIES, INC. PAUL ALSO HAS AN OPTION TO PURCHASE 7500 SHARES OF GEL-DEL COMMON FOR $.45 PER SHARE. THIS OPTION IS NOT BELIEVED TO BE MATERIAL. ALL TRANSACTIONS OCCURRED IN THE NORMAL COURSE OF BUSINESS AND THE BOARD MEMBER ABSTAINED FROM VOTING ON ANY DECISIONS RELATED TO BUSINESS TRANSACTIONS WITH GEL-DEL. | 0 |
| ROBERT ELDE | |||
| DIRECTOR | 454811 | ROBERT ELDE IS A DIRECTOR OF UNIVERSITY ENTERPRISE LABORATORIES, INC. AND ALSO THE DEAN THE COLLEGE OF BIOLOGICAL SCIENCES AT THE UNIVERSITY OF MINNESOTA. THE UNIVERSITY OF MINNESOTA IS A FOUNDING MEMBER OF UNIVERSITY ENTEPRISE LABORATORIES AND IS ALSO A RENTAL TENANT. 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 UNIVERSITY OF MINNESOTA. | 0 |
| JOANNA LABRESH | |||
| DIRECTOR | 37279 | JOANNA LABRESH IS A DIRECTOR OF UNIVERSITY ENTERPRISE LABORATORIES. SHE IS ALSO THE CEO OF KINGFISHER BIOTECH. KINGFISHER BIOTECH IS A RENTAL TENANT OF UNIVERSITY ENTERPRISE LABORATORIES. 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 |
| JOHN STAVIG | |||
| DIRECTOR | 413513 | JOHN STAVIG IS A DIRECTOR OF UNIVERSITY ENTERPRISE LABORATORIES. HE IS ALSO THE CHAIR FOR GARY S. HOLMES CENTER FOR ENTREPRENEURSHIP AT THE UNIVERSITY OF MINNESOTA. THEY ARE RENTAL TENANTS OF UNIVERSITY ENTERPRISE LABORATORIES. 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 CENTER. | 0 |
| JON ANDERSON | |||
| DIRECTOR | 15358 | JON ANDERSON IS A DIRECTOR OF UNIVERSITY ENTERPRISE LABORATORIES. HE IS ALSO THE CEO OF HARLAND MEDICAL. HARLAND MEDICAL IS A RENTAL TENANT OF UNIVERSITY ENTERPRISE LABORATORIES. ALL TRANSACTIONS OCCURRED IN THE NORMAL COURSE OF BUSINESS AND THE BOARD MEMBER ABSTAINED FROM VOTING ON ANY DECISIONS RELATED TO BUSINESS TRANSACTIONS WITH HARLAND MEDICAL. | 0 |
| CECILE BEDOR | |||
| DIRECTOR | 30000 | CECILE BEDOR IS A DIRECTOR OF UNIVERSITY ENTERPRISE LABORATORIES. SHE IS ALSO THE DIRECTOR OF PLANNING AND DEVELOPMENT FOR THE CITY OF ST. PAUL. THE CITY HAS A GUARANTEE AND RECEIVES $30,000 PER YEAR FOR THEIR GUARANTEE. ALL TRANSACTIONS OCCURRED IN THE NORMAL COURSE OF BUSINESS AND THE BOARD MEMBER ABSTAINED FROM VOTING ON ANY DECISIONS RELATED TO THE MATTER. | 0 |
| NANCY HOLMES | |||
| DIRECTOR | 30000 | NANCY HOLMES IS A DIRECTOR OF UNIVERSITY ENTERPRISE LABORATORIES. SHE IS ALSO THE POLICY DIRECTOR FOR THE CITY OF ST. PAUL. THE CITY HAS A GUARANTEE AND RECEIVES $30,000 PER YEAR FOR THEIR GUARANTEE. ALL TRANSACTIONS OCCURRED IN THE NORMAL COURSE OF BUSINESS AND THE BOARD MEMBER ABSTAINED FROM VOTING ON ANY DECISIONS RELATED TO THE MATTER. | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (12 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | THE OFFICERS OF THE CORPORATION AND SUCH OTHER PERSONS, IF ANY, ELECTED BY THE BOARD OF DIRECTORS ANNUALLY BY RESOLUTION SHALL CONSTITUTE THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF THE CORPORATION. A MAJORITY OF MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE DIRECTORS. THE EXECUTIVE COMMITTEE SHALL ACT ONLY DURING INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS AND SHALL AT ALL TIMES BE SUBJECT TO THE CONTROL AND DIRECTION OF THE BOARD OF DIRECTORS. DURING SUCH INTERVALS AND SUBJECT TO SUCH CONTROL AND DIRECTION, THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE AUTHORITY AND POWERS OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE AFFAIRS OF THE CORPORATION, SUBJECT TO SUCH LIMITATIONS AS THE BOARD OF DIRECTORS MAY IMPOSE. THE CHAIR OF THE BOARD SHALL SERVE AS THE CHAIR OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL KEEP REGULAR MINUTES OF ITS PROCEEDINGS AND REPORT THE SAME TO THE BOARD OF DIRECTORS. | |
| FORM 990, PART VI, SECTION A, LINE 2 | NANCY HOMANS AND CECILE BEDOR: BUSINESS RELATIONSHIP | |
| FORM 990, PART VI, SECTION A, LINE 3 | MANAGEMENT DUTIES DELEGATED TO TAPESTRY MANAGEMENT LLC, F/K/A LASALLE MANAGEMENT GROUP. | |
| FORM 990, PART VI, SECTION A, LINE 4 | CHANGES TO BYLAWS WERE APPROVED REDUCING THE REQUIREMENT FOR A QUOROM FROM 50% OF BOARD MEMBERS TO 33%. | |
| FORM 990, PART VI, SECTION A, LINE 7A | SINCE 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 11 | THE 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. | |
| BOARD MEMBERS COMPLETE CONFLICT OF INTEREST STATEMENTS ANNUALLY AND ARE REQUIRED TO REPORT ANY CHANGES AS THEY ARISE. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE 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 B, LINE 15 | |
| UPON REQUEST OF THE MANAGEMENT COMPANY OR MAILING. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | TAXABLE INCOME AND EXPENSES FROM TAXABLE SUBSIDIARY 458,330. TOTAL TO FORM 990, PART XI, LINE 5: 458,330. | FORM 990, PART XI, LINE 5: |
| THE PROCESS FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT WERE NOT CHANGED DURING THE YEAR. | FORM 990, PART XII, LINE 2C: | |
| TAXABLE SUBSIDIARY | ON JANUARY 13, 2005, THE ORGANIZATION FORMED A TAXABLE SUBSIDIARY NAMED UEL REAL ESTATE HOLDINGS, LLC OF WHICH THE ORGANIZATION OWNS 99.9%. THE OTHER .1% IS OWNED BY THE UNIVERSITY OF MINNESOTA FOUNDATION. UEL REAL ESTATE HOLDINGS, LLC ELECTED TO BE TREATED AS A PARTNERSHIP 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. ** THE SUBSIDIARY (UEL REAL ESTATE HOLDINGS, LLC) IS A LIMITED LIABILITY COMPANY AND, AS SUCH, REPORTED THE ORGANIZATION'S 99.9% SHARE OF ITS 2010 NET RENTAL REAL ESTATE LOSS OF $458,330 ON FORM 1065 K-1. THIS LOSS HAS BEEN REPORTED ON THIS FORM 990 IN TWO PIECES. ** GROSS RENTAL INCOME FROM SUBSIDIARY: 99.9% OF THE SUBSIDIARY'S TOTAL GROSS RENTS AND INTEREST OF $2,216,675 = $2,214,458 GROSS RENTAL EXPENSES FROM SUBSIDIARY: 99.9% OF THE SUBSIDIARY'S TOTAL RENTAL EXPENSE OF $2,675,464 = ($2,672,789) | FORM 990, PART IV, LINE 34 |
Schedule R IRS990ScheduleR
Form990 Schedule R Part III Form990ScheduleRPartIII
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UEL REAL ESTATE HOLDINGS LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 WESTGATE DRIVE | AddressLine1 |
| City | ST PAUL | City |
| State | MN | State |
| ZIP Code | 55114 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 202133240 | EIN |
| Primary Activity | LAB RENTAL TO EMERGING LIFE SCIENCE COMPANIES | PrimaryActivity |
| Legal Domicile State | MN | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Predominant Income Type | RELATED | PredominantIncomeType |
| Share Of Total Income | -458330 | ShareOfTotalIncome |
| Share Of EOY Assets | 17779269 | ShareOfEOYAssets |
| Disproportionate Allocations | 0 | DisproportionateAllocations |
| General Or Managing Partner | 1 | GeneralOrManagingPartner |
| Percentage Ownership | 0.99900 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| UEL REAL ESTATE HOLDINGS LLC | ||
| K | 91564 | FMV |
| UEL REAL ESTATE HOLDINGS LLC | ||
| R | 682775 | FMV |
Comments