2011-05-11T14:46:05-05:00 2010-06-30 Grant Thornton LLP 200 South Orange Avenue Suite 2050 Orlando FL 32801 990 2009-07-01 592959590 UNIVERSITY OF SOUTH FLORIDA RESEARCH FOUNDATION INC UNIV 8139741082 3802 SPECTRUM BOULEVARD TAMPA FL 33612 RODNEY CASTO 2011-05-09 true Dawn M Olivardia 4074815100 2009 2016-02-24 21:20:13Z DR KAREN A HOLBROOK 3702 SPECTRUM BLVD SUITE 175 TAMPA FL 33612 26746125 false X N/A X 1989 FL TO PROMOTE, ENCOURAGE AND ENHANCE RESEARCH AT THE UNIVERSITY OF SOUTH FLORIDA. 10 5 0 0 0 0 0 8740486 26744645 25422 -238520 1427178 0 10193086 26506125 0 0 0 0 795824 1003015 0 0 0 10109492 19251883 10905316 20254898 -712230 6251227 78895352 90188164 56779080 60632538 22116272 29555626 TO PROMOTE, ENCOURAGE AND ENHANCE RESEARCH AT THE UNIVERSITY OF SOUTH FLORIDA. false false 698818 1183538 The Research Foundation receives and administers certain basic research and clinical trial contracts and grants sponsored by the private sector and foundations. The performance of those grants is performed by University faculty, staff and students. 10368373 17349559 The Research Foundation provides a means by which discoveries, inventions, processes and work products of USF faculty, staff and students can be transferred from the University laboratory to benefit the public. Income is allocated in accordance with USF Policy on Inventions and Works to inventors and their research support funds, and for direct support of research at the University. 6620524 6858448 The Research Foundation assists in developing high-technology businesses and research partnerships that boost the economy and create high-paying jobs in the Tampa Bay area by developing its USF Research Park of Tampa Bay into a hub for biotechnology and life sciences research and entrepreneurship. 1456054 1353100 TAMPA BAY TECHNOLOGY INCUBATOR 1456054 1353100 19143769 true false false true false false false false false true true false false false false false false false false false false false false true true true false false false false false false false false false false false false false true true false false false true 58 0 true 0 false false false false false false false false false false false 10 5 false false false false false true true true true false false true true true true true false true false true false X X X ROD CASTO PHD 8139741082 3802 SPECTRUM BLVD STE 100 TAMPA FL 33612 RODNEY CASTO 20.0 X X 0 222713 35911 ROBERT FORSYTHE 1.0 X 0 291326 37993 KAREN HOLBROOK 10.0 X X 0 311722 33249 DENNIS KILLINGER 1.0 X 0 151956 32825 STEPHEN KLASKO 1.0 X 0 514186 49424 RALPH WILCOX 1.0 X 0 323848 40298 Nick Trivunovich 5.0 X X 0 128280 27725 CHARLES R BAUMANN 1.0 X 0 0 0 PATRICK BENZ 1.0 X 0 0 0 BRUCE REGISTER 1.0 X 0 0 0 HARRY VENEZIA 1.0 X 0 0 0 Allison Madden 40.0 X X 0 102753 24636 JAMES HYATT 5.0 X 0 353551 42220 0 2400335 324281 0 true true false CARTER ASSOCIATES SERVICES LLC 171 - 17TH STREET SUITE 1200 ATLANTA GA 30363 PROJECT MANAGER 664452 JAMES PIRIUS 7910 WEST BOULEVARD DRIVE ALEXANDRIA VA 223081002 RESEARCH ADVISORY 390000 WHITING-TURNER CONTRACTING CO 5405 W CYPRESS STREET SUITE 109 TAMPA FL 33607 PROJECT MANAGER 234850 MASTER MAINTENANCE INC 4408 W SOUTH AVENUE TAMPA FL 33614 CLEANING/JANITORIAL 181138 GRANT THORNTON LLP 101 EAST KENNEDY BLVD SUITE 3850 TAMPA FL 33602 ACCOUNTING SERVICES 107708 5 0 ROYALTIES 420459 420459 LICENSES AND OPTION FEES 16929100 16929100 CONTRACTS AND GRANTS 698818 698818 ADMINISTRATIVE FEES 484720 484720 OTHER PROPERTY RENTAL REVENUES 7733017 7733017 478531 478531 26744645 1480 1480 0 0 0 240000 -240000 -240000 0 0 0 0 26506125 26746125 0 0 0 0 214109 55678 158431 0 601984 321361 280623 58958 19887 39071 84963 28659 56304 43001 14505 28496 0 21121 16419 4702 107708 107708 0 0 0 334219 31590 302629 3534 3534 0 3106 2678 428 9323239 9323239 1671003 1671003 16524 9882 6642 0 0 2060028 2047970 12058 0 1831137 1831137 332816 314778 18038 INTEREST RATE SWAP AGREEMENT 1165453 1165453 PATENT COSTS & LICENSING EXP 376412 376412 REAL ESTATE TAXES 160352 160352 UNIVERSITY SUPPORT 562947 562947 REPAIRS & MAINTENANCE 368795 368645 150 913489 821174 92315 0 20254898 19143769 1111129 0 4158540 5602282 978943 945404 203926 152396 54744313 7455353 47479832 47288960 15354391 25425901 1999998 1916827 8268358 8152447 451364 703947 78895352 90188164 1891843 4121217 27255000 26655000 27632237 29856321 56779080 60632538 X 22116272 29555626 22116272 29555626 78895352 90188164 X false true true X false X false false false 15113797 2338049 2753312 8740486 25391545 54337189 15113797 2338049 2753312 8740486 25391545 54337189 54337189 629573 493441 369413 25422 1480 1519329 7142581 3634656 1427178 1353100 13557515 69414033 0.78280 0.74121 X false false false false false false false false true 390000 390000 false Part II-B, line 1i Schedule C Mr. Pirius works with the leadership, deans and faculty at the University of South Florida to help them engage with members of our congressional delegation in Washington, D.C. Mr Pirius is well informed about lobbying and the priorities of our faculty and is equally aware of how that expertise will benefit the decisions of our legislators. A current example is the effort Mr. Pirius has made to connect the expertise of our College of Marine Science to make inroads into restoration of the Gulf of Mexico. Similar efforts are made to connect our College of Medicine faculty who have expertise in many areas relevant to healthcare and biomedical research. 8739633 8739633 43193744 7455353 35738391 2810936 2810936 47288960 USF FOUNDATION INVESTMENT 7924250 F VANGUARD 0030 PRIME MONEY MARK 4641123 F VANGUARD 1349 ST BOND INDEX 10779257 F THE PALM BANK CDARS 2081271 F 25425901 0 DUE TO UNIVERSITY OF SOUTH FLORIDA 8580206 DEFERRED REVENUE 1959995 INTEREST RATE SWAP LIABILITY 5451120 CURRENT REVENUE BONDS PAYABLE 1250000 NON-TAX EXEMPT BONDS 12615000 29856321 26506125 20254898 6251227 1188127 1188127 7439354 26506125 26506125 26506125 20254898 20254898 20254898 X true true X false false false false false false false false false RODNEY CASTO 0 220713 0 2000 0 0 0 23160 0 12751 0 258624 0 0 ROBERT FORSYTHE 0 291326 0 0 0 0 0 25400 0 12593 0 329319 0 0 KAREN HOLBROOK 0 311722 0 0 0 0 0 27000 0 6249 0 344971 0 0 JAMES HYATT 0 353551 0 0 0 0 0 27807 0 14413 0 395771 0 0 DENNIS KILLINGER 0 151956 0 0 0 0 0 17070 0 15755 0 184781 0 0 STEPHEN KLASKO 0 389186 0 125000 0 0 0 33296 0 16128 0 563610 0 0 RALPH WILCOX 0 323848 0 0 0 0 0 26393 0 13905 0 364146 0 0 Nick Trivunovich 0 126280 0 2000 0 0 0 13487 0 14238 0 156005 0 0 USF RESEARCH FOUNDATION INC 592959590 2004-08-24 18455000 FINANCE CONSTRUCTION OF CAPITAL false false 18455000 2634881 131185 16813312 2005 false false false true false false false true false 0.00000 0.00000 0.00000 true false true true BANK OF AMERICA 10. false true false MEMBERS THAT CAN ELECT MEMBERS OF GOVERNING BODY PART VI, SECTION A, QUESTION 7A The University of South Florida President appoints up to 2 faculty members and up to 10 non-USF faculty members to the Board of Directors. ONE MEMBER OF THE BOARD OF DIRECTORS IS A DESIGNEE MEMBER OF THE UNIVERSITY OF SOUTH FLORIDA BOARD OF TRUSTEES. GOVERNING BODY SUBJECT TO MEMBERS PART VI, SECTION A, QUESTION 7B THE PROPERTY AFFAIRS, ACTIVITIES AND CONCERNS OF THE RESEARCH FOUNDATION SHALL BE VESTED IN THE BOARD OF DIRECTORS. ALL MANAGEMENT FUNCTIONS SHALL BE EXERCISED BY THE BOARD OF DIRECTORS, SUBJECT TO DELEGATION BY THE BOARD TO THE OFFICERS AND THE EXECUTIVE COMMITTEE. THE PRESIDENT OF THE UNIVERSITY OF SOUTH FLORIDA SHALL HAVE AUTHORITY AND RESPONSIBLITY TO MONITOR AND CONTROL THE USE OF THE UNIVERSITY'S RESOURCES AND NAME IN ACCORDANCE WITH APPLICABLE FLORIDA LAWS AND BOARD OF TRUSTEES AND UNIVERSITY OF SOUTH FLORIDA RULES AND POLICIES. CHANGES TO THE ARTICLES OF INCORPORATION MAY BE MADE BY TWO-THIRDS (2/3RDS) VOTE OF THE BOARD OF DIRECTORS AT ANY MEETING OF THE BOARD, AND IN ALL INSTANCES, WITH THE WRITTEN CONCURRENCE OF THE PRESIDENT OF THE UNIVERSITY. ANY DIRECTOR OR DIRECTORS (EXCEPT FOR THE DIRECTOR APPOINTED BY THE CHAIRMAN OF THE BOARD OF TRUSTEES) MAY BE REMOVED FROM OFFICE BY THE PRESIDENT OF THE UNIVERSITY OF SOUTH FLORIDA. DOCUMENTS AVAILABLE TO THE PUBLIC PART VI, SECTION C, QUESTION 19 It is the Research Foundation's policy, upon receipt of a reasonable and specific request in writing, to make public Research Foundation financial information, including expenditures from Research Foundation funds, documentation regarding completed business transactions and information about the investment and management of Research Foundation assets; however, the Research Foundation will not release proprietary information. GOVERNANCE, MANAGEMENT, AND DISCLOSURE PART VI, SECTION C. DISCLOSURE, QUESTION 15A THE FOUNDATION ADHERES TO AN OUTLINED PHILOSOPHY AND STRATEGY WITH REGARDS TO HOW THEY DETERMINE COMPENSATION FOR THEIR EXECUTIVE DIRECTOR. THE BASIC PRINCIPLES ARE TO ENSURE PAY IS COMPETITIVE, IS ENHANCED FOR THE ACQUISITION AND APPLICATION OF COMPETENCIES/CONTRIBUTIONS VALUED BY USF, AND IS ENHANCED FOR SUCCESSFUL OUTCOMES. GOVERNNANCE, MANAGEMENT, AND DISCLOSURE PART VI, SECTION A, QUESTION 10 THE AUDIT COMMITTEE AND FINANCE COMMITTEE REVIEWS AND RECOMMENDS ACCEPTANCE OF THE FORM 990 PRIOR TO ITS SUBMISSION. GOVERNANCE, MANAGEMENT AND DISCLOSURE PART VI, SECTION B, QUESTION 12C THE CONFLICT OF INTEREST POLICY REQUIRES ANNUAL DISCLOSURE, PROVIDES FOR A HEARING PROCESS FOR SUSPECTED VIOLATIONS AND CORRECTIVE OR DISCIPLINARY ACTION SHOULD THAT HEARING PROCESS DETERMINE A VIOLATION. Prior to taking a seat as a Director or a committee member, and annually thereafter as long as such person continues to serve as a Director or committee member, such person shall complete, sign and deliver to the President of the Organization a disclosure statement affirming that such person (A) has received a copy of the Organization's conflicts of interest policy, (B) has read and understands the policy, (C) has agreed to comply with the policy, and (D) understands that the Organization is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. Violations of the Conflicts of Interest Policy. (1) An interested person may have numerous professional and personal affiliations and, undoubtedly, some of them may cross paths with the Organization. If these associations develop into conflicts of interest that become a major obstacle to fulfilling the duty of loyalty, it may be necessary to re-evaluate the Board member's suitability for current Board service. (2) If the Board (or committee) has reasonable cause to believe that an interested person has failed to disclose actual or possible conflicts of interest, it shall inform the interested person of the basis for such belief and afford the interested person an opportunity to explain the alleged failure to disclose. (3) If, after hearing the response of the interested person and making such further investigation as may be warranted in the circumstances, the Board (or committee) determines that the interested person has in fact failed to disclose an actual or possible conflict of interest, it shall take such action as it determines to be appropriate, including corrective and disciplinary action. 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