2011-02-11T08:17:40-05:00 2010-06-30 ERNST & YOUNG US LLP 111 MONUMENT CIRCLE SUITE 2600 INDIANAPOLIS IN 46204 990 2009-07-01 351052049 Purdue Research Foundation PURD 7655881061 1281 Win Hentschel Boulevard West Lafayette IN 479064182 Belinda Rachwal 2011-02-09 3176817000 2009 2016-02-24 21:20:13Z JOSEPH B HORNETT 1281 Win Hentschel Blvd West Lafayette IN 479064182 70933330 false X WWW.PURDUERESEARCHFOUNDATION.COM X 1930 IN THE PRIMARY MISSION OF PURDUE RESEARCH FOUNDATION IS TO ADVANCE THE MISSION OF PURDUE UNIVERSITY. 15 15 128 0 -803127 -803127 27578786 22253484 10146881 8503922 16575760 35418352 5095477 4757572 59396904 70933330 40280900 28339814 0 0 7229358 7316170 0 0 0 30099331 28191481 77609589 63847465 -18212685 7085865 816542803 873132878 151277132 150758623 665265671 722374255 THE PRIMARY MISSION OF PURDUE RESEARCH FOUNDATION IS TO ADVANCE THE MISSION OF PURDUE UNIVERSITY. false false 2887166 1592305 RESEARCH GRANTS BY GOVERNMENTAL AGENCIES AND INDUSTRY FOR BASIC RESEARCH. 10229572 10229572 INTERNATIONAL TRAVEL GRANTS, DISTINGUISHED PROFESSOR GRANTS, AND OTHER RESEARCH GRANTS. 23676314 16517937 AWARDS TO DEPARTMENTS FOR RESEARCH FUNDING OF PURDUE UNIVERSITY PHD CANDIDATES. 8503922 36793052 true true false true false true true true true true false true false false true false false false false false false true false true true false false false false false false false false false false true true false false true true true false false true 346 0 true 128 true true true true CJ BD EI NL CA false false false false false false false 15 15 false false false false false false false true true false false true true true true true true true true true true IN X Belinda Rachwal 7655881061 1281 Win Hentschel Blvd West Lafayette IN 479064182 Elizabeth Bechdol 0.3 X 0 0 0 Michael J Birck 0.3 X 0 0 0 John A Bratt 0.3 X 0 0 0 France A Cordova 5.0 X X 0 0 0 Barbara H Edmondson 0.3 X 0 0 0 Forest Farmer 0.3 X 0 0 0 John D Hardin 0.3 X 0 0 0 W John Hingst 0.3 X 0 0 0 Bob F Jesse 0.3 X 0 0 0 David Johnson 0.3 X 0 0 0 Randall J Lewis 0.3 X 0 0 0 William S Oesterle 0.3 X 0 0 0 Charles E Schalliol 0.3 X 0 0 0 Steven Schmidt 0.3 X 0 0 0 Jerry D Semler 0.3 X 0 0 0 Joseph B Hornett 40.0 X 239171 0 48720 David Hodde 40.0 X 109030 0 35232 Belinda Rachwal 40.0 X 107103 0 28980 Richard Buckius 5.0 X 0 0 0 Al V Diaz 5.0 X 0 0 0 Greg Deason 40.0 X 149642 0 40361 Judith A Hall 40.0 X 97379 0 33333 Julie Goonewardene 40.0 X 130551 0 35486 John Hanak 40.0 X 144462 0 37389 Karen White 40.0 X 101646 0 19885 1078984 0 279386 7 false true false Shiel Sexton Company Inc 902 N Capital Avenue INDIANAPOLIS IN 46204 Construction 3087872 Barnes Thornburg 1313 Merchants Bank Bldg INDIANAPOLIS IN 46204 Legal 1975291 Poulos Inc 735 S Laramie Ave LAFAYETTE IL 60644 Construction 1364441 MacDougall Pierce Construction 12720 Ford Drive MINNEAPOLIS IL 46037 Construction 1337933 CSO Architects 280 East 96th St Suite 100 LAFAYETTE IN 46240 Architect Fees 1315925 27 6885086 15368398 281631 22253484 Rental income or (loss) 532000 8503922 8503922 8503922 11716942 -803127 12520069 0 4074747 4074747 21692127 2009283 21692127 2009283 23701410 23701410 0 0 0 REGISTRATION FEE INCOME 713110 498027 498027 SPENDING POLICY FEE INCOME 523930 87577 87577 FARM CROP INCOME 900099 53734 53734 43487 43487 682825 70933330 8503922 -803127 40979051 28339814 28339814 0 0 0 702326 702326 0 4624422 895268 3729154 719962 126468 593494 902220 139692 762528 367240 69228 298012 0 1834161 1519940 314221 237350 237350 524175 524175 0 3247188 3247188 1655641 943464 712177 1030469 298254 732215 170861 30843 140018 279740 412 279328 3960052 3960052 1284562 39935 1244627 462378 141944 320434 0 101332 12174 89158 4571342 4571342 0 4303146 106586 4196560 231856 17297 214559 Property, Sales, & Use Taxes 1845050 1845050 GIFT ANNUITY PYMTS & FEES 2009633 144841 1864792 UBIT Tax 28528 28528 Bad Debt Expense 155943 155943 Sponsorship 168629 5000 163629 89445 1840 87605 63847465 36793052 27054413 0 19476904 14141881 956289 505009 17889550 15364478 493665 1293087 168857051 29193412 136730377 139663639 319892000 304666423 267801000 342171000 3946119 3946119 49356899 51381242 816542803 873132878 13952943 14009001 4490590 4389893 16305000 15805000 44958521 44431571 68885808 68595927 2684270 3527231 151277132 150758623 X 103894926 92298718 447540427 510404957 113830318 119670580 665265671 722374255 816542803 873132878 X false true true X false X 29207016 31984828 20315232 27578786 22253485 131339347 29207016 31984828 20315232 27578786 22253485 131339347 5047224 126292123 16934529 26925122 20593565 20536299 15791689 100781204 915595 2148578 636329 1134938 682825 5518265 237638816 26014252 0.53145 0.61190 X THE INCOME CONSISTS OF PROCEEDS FROM MISCELLANEOUS ACTIVITIES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false true 214712 false false true 309463 524175 false SCHEDULE C, PART II-B LOBBYING ACTIVITY EXPLANATION DURING THE YEAR, PURDUE RESEARCH FOUNDATION ENGAGED THE SERVICES OF B&D CONSULTING (FORMERLY SAGAMORE ASSOCIATES) AND THE NATIONAL GROUP, BOTH WASHINGTON BASED LOBBYING FIRMS. PURDUE UNIVERSITY'S MISSION IS TO SEEK RESEARCH PARTNERSHIPS, GRANTS AND OTHER OPPORTUNITIES TO FURTHER ITS RESEARCH ENDEAVORS. THE PURDUE RESEARCH FOUNDATION WAS ESTABLISHED TO SUPPORT PURDUE UNIVERSITY'S MISSION AND AS SUCH, THE FOUNDATION PAYS FOR LOBBYISTS IN WASHINGTON D.C. AS A WAY TO FIND OUT ABOUT WHAT RESEARCH GRANTS AND FUNDING THE GOVERNMENT HAS ALREADY ALLOCATED AND TO FIND OUT IF ANY OF THOSE ALLOCATED FUNDS ARE A GOOD MATCH FOR THE ONGOING RESEARCH PURDUE UNIVERSITY IS DOING. IF IT IS A GOOD MATCH, PURDUE UNIVERSITY MAY APPLY FOR THOSE GRANTS. X 2 0.57 0 1 0 1 true 0.00 4040 true 18600 18600 X DECORATION false false true 470068574 2413106 63744820 13113805 5882272 0 517230423 591395838 1939959 -104459187 13873576 4934460 0 470068574 0.00420 0.20060 0.80360 false false 48095073 236966 48332039 107664283 4638701 24875170 87427814 0 0 0 0 0 8222028 4318242 3903786 0 0 0 0 139663639 268216821 F Common & Preferred Stock 4235000 F Alternative Investments 3935857 F Cash & Cash Equivalents 6060282 F Fixed Income Securities 52291582 F Real Estate 7431457 C 342170999 INT IN CHARITABLE REM TRUST 20918718 INT IN CHARITABLE PERP TRUST 13487878 DUE FROM AFFILIATES 16974646 51381242 0 Gift Annuity Payable 3527231 3527231 SCHEDULE D, SUPPLEMENTAL INFORMATION SCHEDULE D, PART II, LINE 9 CONSERVATION EASEMENT ACCOUNTING DESCRIPTION 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. 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. SCHEDULE D, PART IV, LINE 2B CUSTODIAL ARRANGEMENT THE FOUNDATION ACTS AS AN INTERMEDIARY FOR CERTAIN CONTRIBUTIONS RECEIVED BY AFFILIATE FOUNDATIONS FOR THE BENEFIT OF THE 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. SCHEDULE D, PART V, LINE 4 INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS THE ENDOWMENT FUNDS ARE HELD FOR THE BENEFIT OF PURDUE UNIVERSITY. Central America and the Caribbean 0 0 Investments N/A North America 0 0 Investments N/A Europe (Including Iceland and Greenland) 0 0 Investments N/A 0 0 true Purdue University 401 South Grant Street West Lafayette IN 47907 356002041 501(c)(3) 1592305 Research Grant-Government Industry Purdue University 401 South Grant Street West Lafayette IN 47907 356002041 501(c)(3) 4166708 Research Grant- XRXL Purdue University 401 South Grant Street West Lafayette IN 47907 356002041 501(c)(3) 919722 Equipment Grants-XRXL Purdue University 401 South Grant Street West Lafayette IN 47907 356002041 501(c)(3) 304000 Summer Research Grants-XRXL Purdue University 401 South Grant Street West Lafayette IN 47907 356002041 501(c)(3) 137000 International Travel Grants-XRXL Purdue University 401 South Grant Street West Lafayette IN 47907 356002041 501(c)(3) 3915556 Scholarships-XRXL Purdue University 401 South Grant Street West Lafayette IN 47907 356002041 501(c)(3) 259295 Special Incentive Research Grants-XRXL Purdue University 401 South Grant Street West Lafayette IN 47907 356002041 501(c)(3) 35000 Interdisplinary Fellowship-XRXL Purdue University 401 South Grant Street West Lafayette IN 47907 356002041 501(c)(3) 492291 Distinguished Professor Grants Purdue University 401 South Grant Street West Lafayette IN 47907 356002041 501(c)(3) 16517937 Scholarships & Awards 1 0 FORM 990, SCHEDULE I DESCRIPTION OF ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANTS THE FOUNDATION RECEIVES REVENUE IN THE FORM OF GRANTS FOR UNIVERSITY RESEARCH ACTIVITIES. THESE REVENUES ARE DISBURSED TO PURDUE UNIVERSITY IN THE PERIOD RECEIVED BY THE FOUNDATION, WITHOUT RETENTION OF ANY ADMINISTRATIVE FEES. THE UNIVERSITY THEN DISBURSES THE GRANTS TO RESEARCH GRANT RECIPIENTS. X X X true true X X X false false false false false false false false false Joseph B Hornett 206958 0 0 0 32214 0 0 0 48720 0 287891 0 0 0 Greg Deason 145556 0 0 0 4086 0 0 0 40361 0 190003 0 0 0 Julie Goonewardene 127450 0 0 0 3101 0 0 0 35486 0 166037 0 0 0 John Hanak 142894 0 0 0 1567 0 0 0 37389 0 181851 0 0 0 SUPPLEMENTAL COMPENSATION INFORMATION SCHEDULE J, PART I, LINE 1 PURDUE RESEARCH FOUNDATION OWNS AN AIRPLANE THAT IS USED BY BOARD MEMBERS FOR TRAVEL FOR BUSINESS PURPOSES. 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 PRESIDENT HAS A DISCRETIONARY ACCOUNT AVAILABLE FOR SPENDING ON BUSINESS RELATED EXPENSES. PURDUE RESEARCH FOUNDATION EXPENSES ASSOCIATED WITH THE AIRPLANE, DISCRETIONARY ACCOUNT, AND COUNTRY CLUB DUES ARE EXCLUDED FROM TAXABLE INCOME FOR THE INDIVIDUALS SINCE THEY ARE USED FOR BUSINESS PURPOSES. INDIANA DEVELOPMENT FINANCE AUTHORITY 351602316 45504rgk6 2005-08-19 8185916 CONSTR. OF EDUCATIONAL FACILITIES false false INDIANA DEVELOPMENT FINANCE AUTHORITY 351602316 45504RGD2 2004-05-01 9986037 CONSTR. OF EDUCATIONAL FACILITIES false false 8248426 0 0 0 155317 0 8248426 2007 false false true true 9990999 0 0 0 199718 0 9791281 2005 false false true true false false false false false 0.00000 0.00000 0.00000 true false false false false false 0.00000 0.00000 0.00000 true false false false false false false false false false false false false X 4 263031 FMV X 1 18600 opinions of experts 5 false false false SCHEDULE O, SUPPLEMENTAL INFORMATION FORM 990, PART III, LINE 4D OTHER PROGRAM SERVICES RENTAL INCOME IS COLLECTED FROM COMPANIES LOCATED WITHIN THE PURDUE RESEARCH PARK. PURDUE RESEARCH PARK IS THE HOME OF STATE-OF-THE-ART TECHNOLOGY BUSINESS INCUBATORS. FORM 990, PART VI, QUESTION 11 DESCRIBE THE PROCESS USED BY MANAGEMENT &/OR GOVERNING BODY TO REVIEW 990 THE FORM 990 WILL BE COMPLETED ANNUALLY AFTER THE AUDIT IS COMPLETE. THE COMPANY'S SENIOR VICE PRESIDENT/TREASURER/COO WILL REVIEW THE FORM 990 WITH THE ASSISTANT VICE PRESIDENT OF FINANCE AND ALSO THE COMPANY'S AUDIT COMMITTEE CHAIRMAN. AFTER RESOLVING ANY QUESTIONS OR UPDATES, THE FORM WILL BE PRESENTED TO THE BOARD MEMBERS FOR APPROVAL FOR FILING WITH THE INTERNAL REVENUE SERVICE. 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 990 WILL BE FILED BY THE FILING DEADLINE. FORM 990, PART VI, QUESTION 12C DESCRIPTION OF PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST A CONFLICT OF INTEREST QUESTIONNAIRE IS COMPLETED ANNUALLY BY ALL EMPLOYEES. 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. FORM 990, PART VI, QUESTION 15A PROCESS FOR DETERMINING COMPENSATION THE COMPENSATION COMMITTEE CONSISTS OF SIX MEMBERS. THE COMPENSATION COMMITTEE SHALL HAVE THE RESPONSIBILITY TO ENSURE, UNDER THE DIRECTION OF THE PRESIDENT AND THE SENIOR VICE-PRESIDENT, THE ONGOING DEVELOPMENT AND REVIEW OF JOB CLASSIFICATIONS, SALARY RANGES, AND PERFORMANCE REVIEWS. THE COMPENSATION COMMITTEE WILL PERIODICALLY REVIEW THE SALARY AND BENEFITS OF THE PRESIDENT AND SENIOR VICE PRESIDENT OF THE CORPORATION, AND THE SALARY AND BENEFITS OF OTHER EMPLOYEES OF THE CORPORATION WHO HOLD POSITIONS OF SIGNIFICANT MANAGEMENT RESPONSIBILITY. FORM 990, PART VI, QUESTION 15B OFFICES & POSITIONS FOR WHICH PROCESS WAS USED, & YEAR PROCESS WAS BEGUN THE COMPENSATION COMMITTEE HAS THE RESPONSIBILITY TO ENSURE THE ONGOING DEVELOPMENT AND REVIEW OF JOB CLASSIFICATIONS, SALARY RANGES, AND PERFORMANCE REVIEWS. THE COMPENSATION COMMITTEE WILL PERIODICALLY REVIEW THE SALARY AND BENEFITS OF THE OFFICERS AND DIRECTORS, AS WELL AS SALARY AND BENEFITS OF OTHER EMPLOYEES WHO HOLD SIGNIFICANT MANAGEMENT RESPONSIBILITY. FORM 990, PART VI, QUESTION 19 AVAIL OF GOV DOCS, CONFLICT OF INTEREST POLICY, & FIN STMTS TO GEN PUBLIC THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST TO PURDUE RESEARCH FOUNDATION. THE CONFLICT OF INTEREST POLICY IS NOT AVAILABLE TO THE PUBLIC AT THIS TIME. INPROTEO LLC 1281 WIN HENTSCHEL BLVD WEST LAFAYETTE IN 47906 431952076 RESEARCH DE -17842 1 McClure Park LLC 1281 Win Hentschel Blvd West Lafayette IN 47906 351078594 PROPERTY MGMT IN NA LLC/C Corp 2620000 11423000 1.00000 true false false true false false false false false false false false false true false true false false McClure Park LLC a 444445 McClure Park LLC d 698167