2011-08-30T14:26:59-05:00 2010-12-31 EISNERAMPER LLP 101 WEST AVENUE PO BOX 458 JENKINTOWN PA 190460458 990 2010-01-01 231645908 UNIVERSITY CITY SCIENCE CENTER UNIV 2159666000 3711 MARKET STREET 8TH FLOOR PHILADELPHIA PA 19104 STEPHEN TANG 2159666000 2011-08-26 1 2158818800 2010 2016-02-24 21:20:13Z STEPHEN TANG 3711 MARKET STREET 8TH FLOOR PHILADELPHIA PA 19104 19556597 0 X WWW.SCIENCECENTER.ORG X 1963 PA TO ACCELERATE TECHNOLOGY COMMERCIALIZATION IN THE GREATER PHILADELPHIA REGION. 26 25 49 0 0 0 2775045 3080596 16501607 16255911 224236 220090 41771 0 19542659 19556597 143005 490298 0 0 3381039 3809669 0 0 508379 18817095 18692650 22341139 22992617 -2798480 -3436020 99429923 97999897 79166497 79911667 20263426 18088230 X TO ACCELERATE COMMERCIALIZATION OF THE REGION'S MOST PROMISING SCIENCE AND TECHNOLOGY INNOVATIONS, THEREBY PROMOTING INNOVATOR- AND ENTREPRENEUR-BASED ECONOMIC DEVELOPMENT, COLLABORATION AND EDUCATION AS WELL AS THE CONTINUING REDEVELOPMENT OF UNIVERSITY CITY. 1 1 1776307 1608239 INCUBATOR. SEE DETAIL SCHEDULE O NARRATIVE 2096274 475298 12460 BUSINESS AND COMMUNITY NETWORKS. SEE DETAIL SCHEDULE O NARRATIVE 14135247 14609712 OWNED REAL ESTATE. SEE DETAIL SCHEDULE O NARRATIVE 811371 25500 SCIENCE AND TECHNOLOGY. SEE SEPARATELY DETAILED PROGRAM ACHIEVEMENTS NARRATIVE 811371 25500 18819199 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 98 0 49 1 0 0 0 0 0 0 0 0 0 0 X 26 25 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 PA X UNIVERSITY CITY SCIENCE CENTER 2159666000 3711 MARKET STREET SUITE 800 PHILADELPHIA PA 19104 STEPHEN TANG 40.00 X X 503467 0 42289 MAXINE BALLEN 1.00 X 0 0 0 RICHARD A BENDIS 0.30 X 0 0 0 CRAIG R CARNAROLI 1.00 X 0 0 0 ERNEST J DIANASTASIS 0.30 X 0 0 0 MICHAEL A DIPIANO 1.00 X 0 0 0 GLEN N GAULTON 1.00 X 0 0 0 PHILIP P GERBINO 1.00 X 0 0 0 EDUARDO D GLANDT 0.30 X 0 0 0 RICHARD P JAFFE 1.00 X 0 0 0 PHILIP R JOHNSON 0.30 X 0 0 0 RUSSEL E KAUFMAN 0.30 X 0 0 0 KENNETH L KRING 1.00 X 0 0 0 CR CHUCK PENNONI 0.30 X 0 0 0 LISA STAIANO-COICO 0.30 X 0 0 0 TARA L WEINER 0.30 X 0 0 0 ARTHUR H RUBENSTEIN 0.30 X 0 0 0 DAVID KING 0.30 X 0 0 0 CARL KOPFINGER 0.30 X 0 0 0 KENNETH J BLANK 0.30 X 0 0 0 CHRISTOPHER CASHMAN 0.30 X 0 0 0 KATHERINE D CROTHALL 0.30 X 0 0 0 JAMES A DATIN 0.30 X 0 0 0 STEVEN FLUHARTY 0.30 X 0 0 0 JANE H HOLLINGSWORTH 0.30 X 0 0 0 DAVE HOLVECK 0.30 X 0 0 0 OSAGIE IMASOGIE 0.30 X 0 0 0 PAUL TOUHEY 0.30 X 0 0 0 THOMAS GREENWOOD 40.00 X 82588 82588 31157 CURTIS HESS 40.00 X 28310 254790 42696 SAUL BEHAR 40.00 X 193627 0 16050 JEANNE MELL 40.00 X 138150 0 22435 CHRISTOPHER LAING 40.00 X 116543 0 17226 ROBERT MARCANTUONO 40.00 X 52325 52325 20390 MARY ROBERTSON 40.00 X 0 117787 27425 1115010 507490 219668 8 0 1 0 AP CONSTRUCTION 915 S BLACKHORSE PIKE BLACKWOOD NJ 08012 CONSTRUCTION SERVICES 1229758 ABM MID-ATLANTIC INC PO BOX 6626 PHILADELPHIA PA 19178 JANITORIAL SERVICES 908330 ALLIED BARTON PO BOX 828854 PHILADELPHIA PA 19182 SECURITY SERVICES 303449 BALLARD SPAHR 1735 MARKET ST 51ST FL PHILADELPHIA PA 19103 LEGAL SERVICES 186297 LIMBACH COMPANY LLC 175 TITUS AVE ST 100 PHILADELPHIA PA 18976 R&M AND CONSTRUCTION SERVICES 133052 8 1771677 1308919 3080596 RENTAL INCOME FROM EXE 532000 14609712 14609712 INCUBATOR OPERATIONS 541900 1608239 1608239 SCIENCE & TECHNOLOGY 541900 25500 25500 BUSINESS & COMMUNITY N 541900 12460 12460 16255911 140554 140554 79536 79536 79536 79536 19556597 16255911 0 220090 490298 490298 1180533 444974 494282 241277 2017682 1473419 536492 7771 144853 102359 39995 2499 258964 170581 76870 11513 207637 126318 66155 15164 24251 24251 409931 32871 377060 123785 3500 120285 230155 230155 299172 208784 90388 127296 31141 96155 215451 81255 134196 78610 49740 28870 5370493 4906222 464271 31616 6919 24697 3708595 3708595 4780268 4018057 762211 219354 165002 54352 MARKET STREET REVITALIZ 1480499 1480499 SECURITY 459939 458521 1418 REAL ESTATE & OTHER TAX 416830 416680 150 MISCELLANEOUS EXPENSES 212814 125072 87742 PROGRAM COSTS 153632 153632 349959 140509 209450 22992617 18819199 3665039 508379 3661805 4312650 1657508 3954175 149000 143612 115349734 36642386 82380098 78707348 4516470 4464954 1195021 1480870 1821070 846672 4048951 4089616 99429923 97999897 2167805 2864359 8167 8167 73850000 72322038 3140525 4717103 79166497 79911667 X 20170247 18058070 93179 30160 20263426 18088230 99429923 97999897 X -3436020 1260824 X X 0 1 1 X 0 X 1829735 3975946 3844260 2775045 3031069 15456055 11814895 12301537 19095929 17905277 16255911 77373549 13644630 16277483 22940189 20680322 19286980 92829604 0 5412840 4705256 3406049 6812039 8338583 28674767 5412840 4705256 3406049 6812039 8338583 28674767 64154837 251546 509658 500697 228171 140554 1630626 251546 509658 500697 228171 140554 1630626 13896176 16787141 23440886 20908493 19427534 94460230 0.67920 0.69160 0.01730 0.02300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 230155 230155 0 EXPLANATION OF OTHER LOBBYING ACTIVITIES: PART II-B, LINE 1I: THE UNIVERSITY CITY SCIENCE CENTER UTILIZED THE SERVICES OF CONSULTANTS TO ASSIST IN THE PROCUREMENT OF PUBLIC SECTOR FUNDING PRIMARILY SOURCED FROM THE COMMONWEALTH OF PENNSYLVANIA, TO SUPPORT ITS AFFILIATED PROJECTS. THE CONSULTANTS POSITIONED UCSC TO RECEIVE DIRECT APPROPRIATION FROM THE PENNSYLVANIA GENERAL ASSEMBLY TO SUPPORT THESE INITIATIVES. THE CONSULTANTS POSITIONED THE CLIENT TO RECEIVE COMMONWEALTH DEPARTMENTAL AND AGENCY FUNDING, INCLUDING, BUT NOT LIMITED TO FUNDING FROM: COMMONWEALTH FINANCE AGENCY, DEPARTMENT OF COMMUNITY & ECONOMIC DEVELOPMENT, DEPARTMENT OF LABOR & INDUSTRY, DEPARTMENT OF EDUCATION, DEPARTMENT OF ENVIRONMENTAL PROTECTION, DEPARTMENT OF TRANSPORTATION, AND THE OFFICE OF THE GOVERNOR - RCAP CAPITAL BUDGET APPROPRIATION. LASTLY, THE CONSULTANTS LIAISED WITH OTHER GOVERNMENT AFFAIRS CONSULTANTS WORKING ON BEHALF OF UCSC REGARDING ISSUES RELATED TO ANY OF THE ABOVE DELIVERABLES WHICH ARE PERTINENT TO THEIR EFFORTS. 924731 92009 179356 1196096 1474425 107067 -656761 924731 1773141 -298716 1474425 0 0 4866215 4866215 107082660 34697031 72385629 2848730 1716819 1131911 552129 228536 323593 78707348 SECURITY DEPOSITS AND OTHER LIABILITIES 1493066 DEFERRED RENTS AND OTHER 3224037 4717103 19556597 22992617 -3436020 314142 64241 882441 1260824 -2175196 23511619 314142 3690407 4004549 19507070 49527 49527 19556597 25751056 2807966 2807966 22943090 49527 49527 22992617 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: 1. DEVELOPMENT FUND INCOME IS ALLOCATED FOR USE IN SCIENCE CENTER OPERATIONS. THE FUND IS AVAILABLE TO SUPPORT WORKING CAPITAL, DEVELOPMENT AND CAPITAL PURPOSES. 2. ESTHER M. KLEIN ENDOWMENT FUND - TO SUPPORT KLEIN GALLERY (EKG) OPERATIONS IN AN EFFORT TO PROMOTE ART AND SCIENCE AND ART EDUCATION TO THE SURROUNDING PHILADELPHIA COMMUNITY. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ON JANUARY 1, 2009, THE CENTER ADOPTED NEW ACCOUNTING GUIDANCE CONCERNING PROVISIONS FOR UNCERTAIN TAX POSITIONS. MANAGEMENT HAS EVALUATED THE IMPACT OF THIS GUIDANCE AND BELIEVES THAT ITS ADOPTION DOES NOT HAVE A MATERIAL IMPACT ON THE CENTER'S CONSOLIDATED FINANCIAL POSITION OR RESULTS OF OPERATIONS. PART XI, LINE 8 - OTHER ADJUSTMENTS: (A) GAIN FROM TAXABLE CORPORATE SUBSIDIARIES AND DISREGARDED ENTITIES 712,844. (C) EQUITY EARNINGS FROM PASS THROUGH ENTITIES 526,914. (D) LOSS ON INTEREST RATE SWAP -357,317. PART XII, LINE 2D - OTHER ADJUSTMENTS: REVENUE OF CONSOLIDATED SUBSIDIARIES 3,078,516. BOOK EARNINGS IN EXCESS OF K-1 EARNINGS FOR PASS THROUGH ENTITY INTERESTS 526,914. QED PROGRAM CONTRIBUTION MATCHING WITH EXPENDITURES 442,294. LOSS ON INTEREST RATE SWAP -357,317. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEFERRED REVENUE CLASSIFIED AS EXPENSE OFFSET 49,527. PART XIII, LINE 2D - OTHER ADJUSTMENTS: EXPENDITURES CONSOLIDATED CORP SUBS NET OF ELIMINATION AND RECLASSIFICATIONS 2,365,672. QED MATCH 442,294. PART XIII, LINE 4B - OTHER ADJUSTMENTS: DEFERRED REVENUE CLASSIFIED AS EXPENSE OFFSET 49,527. 1 DREXEL UNIVERSITY 3201 ARCH STREET BLDG SUITE 100 PHILADELPHIA PA 19104 231352630 501(C)(3) 200000 PROOF OF CONCEPT FUNDING IPRAXIS 3624 MARKET STREET SUITE 1SB PHILADELPHIA PA 19104 522437369 501(C)(3) 19750 GENERAL OPERATING TRUSTEES OF UPENN 3451 WALNUT STREET PHILADELPHIA PA 19104 231352685 501(C)(3) 148833 PROOF OF CONCEPT FUNDING CHILDRENS HOSPITAL 3550 MARKET STREET PHILADELPHIA PA 19104 231352166 501(C)(3) 59060 PROOF OF CONCEPT FUNDING RUTGERS UNIVERSITY 604 ALLISON RD ROOM A322 PISCATAWAY NJ 08854 226001086 501(C)(3) 51885 PROOF OF CONCEPT FUNDING 5 5 OTHER INFORMATION: PART IV: GRANT FUNDS MONITORING AT UCSC IS AN ORGANIZATION-WIDE ENDEAVOR. THE GRANT ADMINISTRATOR COORDINATES THE GRANT PROCESS FROM APPLICATION THROUGH CLOSE OUT WITH OVERSIGHT PROVIDED BY AN EXECUTIVE STAFF MEMBER. THE GRANT ADMINISTRATOR REVIEWS THE AWARD DOCUMENTATION AND APPLICABLE LAWS TO ENSURE COMPLIANCE WITH THE TERMS AND CONDITIONS OF THE AWARD. IN INSTANCES WHERE THE SCIENCE CENTER GRANTS SUB-AWARDS, SUB-GRANT RECIPIENTS ARE REQUIRED TO PROVIDE PROOF OF EXPENDITURE AS WELL AS SUPPORTING DOCUMENTATION TO SUBSTANTIATE EXPENSES. REPORTING REQUIREMENTS ARE COORDINATED BY THE GRANT ADMINISTRATOR IN CONJUNCTION WITH THE ASSIGNED EXECUTIVE. UPON TERMINATION OF THE AWARD, IT IS THE RESPONSIBILITY OF THE GRANT ADMINISTRATOR TO FINALIZE THE GRANT AND SUBMIT ALL REQUIRED CLOSE OUT MATERIALS. X X X X 0 0 0 0 0 0 0 0 0 STEPHEN TANG 350317 0 153150 0 0 0 26196 0 16093 0 545756 0 0 0 THOMAS GREENWOOD 70013 70013 12575 12575 0 0 7482 7483 8096 8096 98166 98167 0 0 CURTIS HESS 21795 196155 6515 58635 0 0 2620 23576 1650 14850 32580 293216 0 0 SAUL BEHAR 193477 0 150 0 0 0 0 0 16050 0 209677 0 0 0 JEANNE MELL 123000 0 15150 0 0 0 9256 0 13179 0 160585 0 0 0 NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 BUILDING UPON THE 30-YEAR HISTORY OF THE ESTHER KLEIN GALLERY, THE SCIENCE CENTER LAUNCHED BREADBOARD IN 2010 TO EXPLORE THE INTERSECTION OF ART, DESIGN, SCIENCE AND TECHNOLOGY AND SUPPORT THE SCIENCE CENTER'S STEM EDUCATION ACTIVITIES. BREADBOARD IS A HYBRID PROGRAM THAT FACILITATES CROSS-DISCIPLINARY ART EXHIBITS, COMMUNITY OUTREACH INITIATIVES AND SPECIAL PROGRAMS OFFERING PUBLIC ACCESS TO A NEW GENERATION OF FABRICATION TECHNOLOGY AND WORKSPACE IN AN EFFORT TO CONVENE COMMUNITIES AROUND CREATIVE APPLICATIONS OF TECHNOLOGY. THROUGH A UNIQUE PARTNERSHIP WITH NEXTFAB STUDIO, AN INDEPENDENTLY OWNED AND OPERATED 3-D PRINTING AND PROTOTYPING FACILITY LOCATED ON THE SCIENCE CENTER CAMPUS, BREADBOARD ENGAGES GROUPS AND COMMUNITIES AT ALL LEVELS OF INTEREST AND EXPERIENCE. BREADBOARD PROGRAMMING COMBINES 3-D TECHNOLOGY, AND CAD- OPERATED EQUIPMENT SUCH AS LASER CUTTERS AND MILLING MACHINES, WITH A COLLABORATIVE WORKSHOP ENVIRONMENT WHERE ARTISTS, DIY ENTHUSIASTS, FABBERS, HACKERS, COMMUNITY GROUPS AND STUDENTS CAN SHARE A COMPUTER STATION OR A CIRCUIT BOARD WITH BUSINESS ENTREPRENEURS, ENGINEERS AND INDUSTRIAL DESIGNERS. CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 THE SCIENCE CENTER COMPLETED THE MARKET STREET REVITALIZATION PROJECT IN SEPTEMBER 2010, TRANSFORMING BOTH SIDES OF MARKET STREET BETWEEN 34TH AND 41ST STREETS INTO A GREENER AND MORE PEDESTRIAN-FRIENDLY THOROUGHFARE. FORM 990, PART VI, SECTION A, LINE 6 THE OWNERSHIP OF SHARES OF THE CORPORATION IS RESTRICTED TO CORPORATIONS QUALIFIED FOR EXEMPTION FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE. FORM 990, PART VI, SECTION A, LINE 7A ANNUAL STOCKHOLDER MEETINGS: AFTER EACH ANNUAL ELECTION OF DIRECTORS, THE BOARD OF DIRECTORS MEETS FOR THE PURPOSE OF ORGANIZATION, ELECTION OF A CHAIRMAN OF THE BOARD AND OTHER OFFICERS, AND THE TRANSACTION OF OTHER BUSINESS AT THE OFFICE OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B REGULAR AND ANNUAL MEETINGS ARE HELD IN WHICH TRANSACTIONS ARE BROUGHT BEFORE THE BOARD. SPECIAL MEETINGS MAY ALSO BE HELD AT THE DIRECTION OF THREE OR MORE SHAREHOLDERS. FORM 990, PART VI, SECTION B, LINE 11 THE COMPLETED 990 IS PRESENTED FOR REVIEW AND APPROVAL BY THE AUDIT COMMITTEE, AT WHICH TIME IT WILL BE MADE AVAILABLE TO THE ENTIRE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER AND EXEMPT EMPLOYEE IS REQUIRED TO ANNUALLY SIGN A CONFLICT OF INTEREST DISCLOSURE FORM, INDICATING THAT HE/SHE UNDERSTANDS THE POLICY AND WILL ALERT THE ORGANIZATION SHOULD A CONFLICT OCCUR. THIS PROCESS IS OVERSEEN BY THE SCIENCE CENTER'S GENERAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD HIRED MERCER HUMAN RESOURCE CONSULTING IN 2010 TO REVIEW CEO AND EXECUTIVE COMPENSATION AND PROVIDE BENCHMARK INFORMATION ON SALARY AND INCENTIVE COMPENSATION. AN ARRAY OF 501 C3 AND FOR-PROFIT BENCHMARKS WERE INCLUDED IN THE STUDY IN ORDER TO COMPARE ENTITIES AND THEIR COMPENSATION STRUCTURES THAT REPRESENTED BUSINESS AND SERVICE OPERATIONS OF A COMPARABLE NATURE. THE FINDINGS FROM MERCER'S STUDY WERE AND HAVE BEEN INCORPORATED INTO ANNUAL REVIEW AND COMPENSATION PLANNING FOR THE CEO AND HIS TEAM. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY REVIEWS MANAGEMENT COMPENSATION AND APPROVES ALL CHANGES. FORM 990, PART VI, SECTION C, LINE 19 A PERSON REQUESTING A COPY OF THE GOVERNING DOCUMENTS ETC. PLACES HIS / HER REQUEST WITH THE SECRETARY OF THE UNIVERSITY CITY SCIENCE CENTER. UPON RECEIPT OF THE REQUEST, THE REQUESTED INFORMATION IS MADE AVAILABLE TO THE INTERESTED PARTY. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 314,142. PRIOR PERIOD ADJUSTMENTS: 64,241. (A) GAIN FROM TAXABLE CORPORATE SUBSIDIARIES AND DISREGARDED ENTITIES 712,844. (C) EQUITY EARNINGS FROM PASS THROUGH ENTITIES 526,914. (D) LOSS ON INTEREST RATE SWAP -357,317. TOTAL TO FORM 990, PART XI, LINE 5: 1,260,824. THE SCIENCE CENTER BOARD HAS DESIGNATED AN AUDIT COMMITTEE WITH GENERAL OVERSIGHT RESPONSIBILITIES FOR THE INDEPENDENT AUDIT OF THE ORGANIZATION. THERE HAS BEEN NO SIGNIFICANT CHANGE IN THE PROCESS DURING THE 2010 YEAR. PROGRAM SERVICE DESCRIPTION: INCUBATOR FORM 990, PART III, LINE 4A AT THE HEART OF THE SCIENCE CENTER LIE THE PORT BUSINESS INCUBATORS. SINCE ITS INCEPTION IN 1963, GRADUATE ORGANIZATIONS AND CURRENT RESIDENTS OF THE INCUBATORS HAVE CREATED MORE THAN 15,000 JOBS THAT REMAIN IN THE GREATER PHILADELPHIA REGION TODAY AND CONTRIBUTE MORE THAN $9 BILLION TO THE REGIONAL ECONOMY ANNUALLY. IN FURTHERING THEIR ADVANCEMENT OF SCIENCE, THE INCUBATOR COMPANIES' WORK ENCOMPASSES INNOVATIONS IN THERAPEUTICS, MEDICAL DEVICES, DIAGNOSTICS, RESEARCH TOOLS, BIOINFORMATICS, NANOTECHNOLOGY, INFORMATION TECHNOLOGY, AND CLEAN ENERGY TECHNOLOGY. THE INCUBATORS OFFER OVER 50,000 SQUARE FEET OF WET AND DRY LABORATORY AND OFFICE SPACE WITH A PLUG 'N PLAY, STATE-OF-THE-ART INFRASTRUCTURE, BROADBAND CONNECTIVITY AND SIGNIFICANT TAX ADVANTAGES. THE INCUBATORS FLEXIBLY ACCOMMODATE THE CHANGING NEEDS OF EMERGING, FAST-GROWTH COMPANIES. MANAGED SPACE AND AMENITIES, TOGETHER WITH ACCESS TO AN INFLUENTIAL NETWORK OF ACADEMICS, ENTREPRENEURS AND INVESTORS, OFFER A "BIG COMPANY" LIFESTYLE TO SMALL COMPANIES, MANY OF WHICH WOULD BE UNABLE TO ACCESS THE OFFICE SPACE AND AMENITIES WITHOUT SCIENCE CENTER SUPPORT. BUSINESS AND COMMUNITY NETWORKS FORM 990, PART III, LINE 4B THE SCIENCE CENTER SUPPORTS THE COMMUNITY THROUGH A VARIETY OF PROGRAMS AND PARTNERSHIPS, INCLUDING BREADBOARD/ESTHER KLEIN ART GALLERY, QUORUM, THE REGIONAL AFFINITY INCUBATION NETWORK (RAIN), STEM EDUCATION INITIATIVES, WORKFORCE DEVELOPMENT PROGRAMS, THE UNIVERSITY CITY KEYSTONE INNOVATION ZONE (UCKIZ) AND THE MARKET STREET REVITALIZATION PROJECT. THE ESTHER KLEIN ART GALLERY (EKG) FALLS UNDER THE EXPANDED BREADBOARD RESOURCES AND PROGRAMMING OBJECTIVES. EKG CONTINUES TO EXPLORE THE INTERSECTION OF CONTEMPORARY ART, SCIENCE AND TECHNOLOGY, UTILIZING EXHIBITIONS AS A VEHICLE TO PROMOTE INNOVATIVE PARTNERSHIPS WITH PEER ORGANIZATIONS IN THE ART, SCIENCE AND TECHNOLOGY COMMUNITIES. QUORUM, AN EFFORT TO SUPPORT LONG-TERM COLLABORATIVE REGIONAL ECONOMIC DEVELOPMENT, IS A PROGRAM THAT STRENGTHENS GREATER PHILADELPHIA'S CULTURE OF TECHNOLOGY COMMERCIALIZATION BY CREATING A FORUM FOR ENTREPRENEURS, SCIENTISTS, RESEARCHERS AND INVESTORS TO INTERACT AND EXCHANGE IDEAS AT A PHYSICAL SPACE LOCATED AT THE SCIENCE CENTER, ONLINE, OR VIA OFFSITE PROGRAMMING OFFERED THROUGHOUT THE REGION. RAIN: THE SCIENCE CENTER LAUNCHED A NETWORK OF BUSINESS PARKS IN THE REGION IN 2009. RAIN BRINGS TOGETHER RESEARCH PARKS, TECHNOLOGY-BASED INCUBATORS AND OTHER SUPPORTING ORGANIZATIONS INVOLVED IN TECHNOLOGY-LED ECONOMIC DEVELOPMENT INITIATIVES. STEM EDUCATION: IN ADDITION TO ITS BREADBOARD PROGRAM, THE SCIENCE CENTER WORKS CLOSELY WITH LOCAL NONPROFITS TO IMPROVE SCIENCE EDUCATION IN CITY SCHOOLS AND CLASSROOMS. PARTNERS INCLUDE IPRAXIS, WHICH FOCUSES ON ATTRACTING AND INVOLVING PEOPLE OF COLOR IN SCIENCE, AND PHILADELPHIA ACADEMIES, INC. IN THE SUMMER OF 2010, THE SCIENCE CENTER AND ITS RESIDENT COMPANIES HOSTED SIX SUMMER INTERNS FROM PHILADELPHIA ACADEMIES BIOTECHNOLOGY ACADEMY. WORKFORCE DEVELOPMENT: IN RESPONSE TO THE CONSOLIDATION OF THE PHARMACEUTICAL INDUSTRY, THE SCIENCE CENTER HAS PARTNERED WITH BIOADVANCE AND WHARTON SMALL BUSINESS DEVELOPMENT CENTER TO HELP DISPLACED LIFE SCIENCES PROFESSIONALS EXPLORE CAREER OPTIONS IN ENTREPRENEURSHIP THROUGH PROGRAMS LIKE ENTREPRENEUR ONRAMP, WHICH WAS HELD IN MAY 2010. A $4.0 MILLION MARKET STREET REVITALIZATION PROJECT, COMPLETED IN 2010, PROMOTES SOCIAL WELFARE AND LESSENS THE BURDEN OF GOVERNMENT BY TRANSFORMING THE CAMPUS AND SURROUNDING UNIVERSITY CITY COMMUNITY INTO A GREENER AND MORE VIBRANT PLACE THROUGH FUNCTIONAL IMPROVEMENTS, SUCH AS NEW PEDESTRIAN LIGHTING, NEW SIDEWALKS, WHEELCHAIR-ACCESSIBLE RAMPS AT EVERY INTERSECTION, PLANTINGS ALONG "AMENITY STRIPS," AND "BUMP OUTS" AT KEY INTERSECTIONS LEADING TO SAFER PEDESTRIAN CROSSWALKS. RUNNING FROM 34TH STREET TO 41ST STREET ON BOTH SIDES OF MARKET STREET, THE PROJECT EXTENDS THREE BLOCKS BEYOND THE CURRENT SCIENCE CENTER CAMPUS. THE SCIENCE CENTER IS ONE OF THE FOUNDING PARTNERS AND THE FISCAL AGENT OF THE UNIVERSITY CITY KEYSTONE INNOVATION ZONE (UC KIZ), A PARTNERSHIP DESIGNED TO BUILD KNOWLEDGE-BASED ECONOMIES AND CULTIVATE ENTREPRENEURSHIP IN PENNSYLVANIA. THE UC KIZ HAS A CONCENTRATION OF RESOURCES FOR SUPPORTING AND GROWING LIFE SCIENCES COMPANIES. HOME TO NUMEROUS LIFE SCIENCES STARTUPS, SEVERAL MAJOR UNIVERSITIES, NON-PROFIT RESEARCH INSTITUTES, AND RESEARCH AND TEACHING HOSPITALS, THE UC KIZ COMMUNITY HAS THE INFRASTRUCTURE AND RESOURCES THAT GROWING LIFE SCIENCES COMPANIES NEED. PROGRAM SERVICE DESCRIPTION: OWNED REAL ESTATE FORM 990, PART III, LINE 4C THE SCIENCE CENTER ENCOMPASSES 17 ACRES, 15 BUILDINGS, AND 2 MILLION SQUARE FEET WITHIN A FOUR-BLOCK AREA THAT IS HOME TO 100 COMPANIES EMPLOYING 8,000 PEOPLE. CURRENTLY, THE SCIENCE CENTER OWNS AND MANAGES APPROXIMATELY ONE MILLION SQUARE FEET OF SPACE IN NINE BUILDINGS, INCLUDING THREE INCUBATORS FOR FLEDGLING BUSINESSES. IN KEEPING WITH THE AGILITY OF ENTREPRENEURS, SHORT-TERM LEASES ARE AVAILABLE, WITH OPPORTUNITIES FOR GROWTH. PROGRAM SERVICE DESCRIPTION: SCIENCE AND TECHNOLOGY FORM 990, PART III, LINE 4D QED PROOF OF CONCEPT PROGRAM IN EARLY 2009 THE SCIENCE CENTER LAUNCHED THE NATION'S FIRST MULTI-INSTITUTIONAL PROOF-OF-CONCEPT PROGRAM TO FUND EARLY-STAGE ACADEMIC RESEARCH PROJECTS IN THE LIFE SCIENCES AND TO PROMOTE THE COMMERCIALIZATION OF THE EARLY-STAGE TECHNOLOGIES RESULTING FROM THOSE PROJECTS. OUR PROGRAM - NAMED "QED", AFTER THE LATIN PHRASE FOR "PROVEN AS DEMONSTRATED" - PROVIDES FUNDING AND BUSINESS DEVELOPMENT SUPPORT FOR ACADEMIC RESEARCHERS THROUGHOUT THE GREATER PHILADELPHIA REGION BY SUPPORTING THE DEVELOPMENT OF EARLY-STAGE LIFE SCIENCE TECHNOLOGIES WITH HIGH COMMERCIAL POTENTIAL. AS ANGEL INVESTORS, VENTURE CAPITALISTS, AND ESTABLISHED COMPANIES INCREASINGLY INVEST IN LATER-STAGE ENTERPRISES, FINDING EARLY-STAGE FUNDING TO ACCELERATE INNOVATION HAS BECOME MORE DIFFICULT. QED ASSISTS PROMISING RESEARCHERS TO BRIDGE THE GAP - OFTEN REFERRED TO AS THE "VALLEY OF DEATH" - BETWEEN PUBLICLY-FUNDED LABORATORY RESEARCH AND PRIVATELY-FUNDED TECHNOLOGY COMMERCIALIZATION AND PRODUCT DEVELOPMENT. IN ADDITION TO FUNDING, QED PROVIDES BUSINESS ADVICE BY PAIRING THE RESEARCHERS WITH DESIGNATED BUSINESS ADVISORS. QED LEVERAGES THE SCIENCE CENTER'S RELATIONSHIPS WITH UNIVERSITIES, GOVERNMENT AGENCIES, AND PUBLIC AND PRIVATE COMPANIES, DRIVING TECHNOLOGY TRANSFER AND NEW BUSINESS FORMATION, ADVANCING ENTREPRENEURSHIP, AND ENCOURAGING INNOVATION, COMPETITIVENESS, AND KNOWLEDGE-BASE RETENTION AND EXPANSION. THE PROGRAM'S KEY GOAL IS TO FOCUS EXISTING REGIONAL RESOURCES ON SUBSTANTIALLY REDUCING THE BUSINESS RISK IN EARLY-STAGE LIFE SCIENCE R&D PROJECTS, IN ORDER TO POSITION THESE PROJECTS FOR FOLLOW-ON INVESTMENT BY ESTABLISHED LIFE SCIENCE COMPANIES AND PRIVATE INVESTORS, WITHOUT ADDING TO THE PROLIFERATION OF SUB-SCALE, UNDERCAPITALIZED VENTURES ALREADY IN THE MARKET. 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