Asu Enterprise Partners
- Assets
- $381.1m
- Revenue
- $24.0m
- Investments
- $0.0
- Employees
- 177
- Location
- Tempe, AZ
- Founding
- 03/2016
- Data as of
- 06/2022
- EIN
- 47-5599177
Organization Overview
Asu Enterprise Partners is located in Tempe, AZ. The organization was established in 2016. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Asu Enterprise Partners employed 177 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asu Enterprise Partners is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Asu Enterprise Partners generated $24.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $29.5m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Asu Enterprise Partners has awarded 21 individual grants totaling $26,870,754. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
SEE SCHEDULE OPROGRAM SERVICE ACTIVITY #1EP THROUGH ITS SUBSIDIARY UNIVERSITY REALTY AIMS TO ADVANCE ASU BY ACCEPTING AND MONETIZING COMMERCIAL OFFICE, RETAIL, MULTIFAMILY BUILDINGS, AS WELL AS VACANT LAND RECEIVED FROM PHILANTHROPIC REAL ESTATE GIFTS FROM DONORS. ADDITIONALLY, THEY TAKE ADVANTAGE OF OPPORTUNITIES TO INVEST, ACQUIRE, AND DISPOSE OF REAL ESTATE AT LOGICAL POINTS IN REAL ESTATE CYCLES. UNIVERSITY REALTY PROVIDES FULL SERVICE, GROUND-UP DEVELOPMENT INCLUDING ACQUISITIONS AND ENTITLEMENTS OF LAND, MASTER-PLANNING AND BUILDING DESIGN, CONSTRUCTION, AND FINANCING OF OFFICE, INDUSTRIAL, AND MULTI-FAMILY PROJECTS. CURRENTLY, THE ORGANIZATION HOLDS $79.4 MILLION IN LAND AND BUILDING INVESTMENTS.UNIVERSITY REALTY OVERSEES PROJECTS NATIONWIDE, FROM SKYSONG IN SCOTTSDALE, TO THE BRICKYARD IN TEMPE, TO THE WASHINGTON CENTER IN THE HEART OF THE DISTRICT OF COLUMBIA.
SEE SCHEDULE OPROGRAM SERVICE ACTIVITY #2EP THROUGH ITS SUBSIDIARY SKYSONG INNOVATIONS WORKS WITH ASU FACULTY, POSTDOCS, AND STUDENTS TO TRANSLATE THEIR RESEARCH INNOVATIONS INTO COMMERCIAL APPLICATIONS. TO DATE, MORE THAN 160 STARTUPS HAVE BEEN LAUNCHED BASED ON ASU INNOVATIONS, ATTRACTING MORE THAN $833 MILLION IN FUNDING FROM OUTSIDE INVESTORS, GENERATING SUBSTANTIAL LOCAL ECONOMIC IMPACT. THE NATIONAL ACADEMY OF INVENTORS AND THE INTELLECTUAL PROPERTY OWNERS ASSOCIATION NOW RANKS ASU 8TH IN U.S. UTILITY PATENTS GRANTED TO UNIVERSITIES WORLDWIDE. OTHER UNIVERSITIES RANKED ALONGSIDE ASU IN THE TOP 20 INCLUDE MIT, STANFORD UNIVERSITY, JOHNS HOPKINS UNIVERSITY, HARVARD AND THE CALIFORNIA INSTITUTE OF TECHNOLOGY. SKYSONG INNOVATIONS ALSO OPERATES AN OFFICE OUT OF THE ASU CALIFORNIA CENTER IN SANTA MONICA, FACILITATING LINKAGES BETWEEN THE ARIZONA AND SOUTHERN CALIFORNIA INNOVATION ECOSYSTEMS, INCLUDING CONNECTING ASU INVENTORS WITH CALIFORNIA-BASED INVESTORS.
SEE SCHEDULE OPROGRAM SERVICE ACTIVITY #3EP MANAGES INVESTMENT POOLS AND PROGRAMS THAT GENERATE REVENUE THROUGH INVESTMENTS IN EDUCATION TECHNOLOGY COMPANIES AND AN ANGEL INVESTOR MEMBERSHIP PROGRAM TO ADVANCE ASU-AFFILIATED STARTUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Dillon President And CEO | OfficerTrustee | 47 | $761,014 |
Augustine Cheng Md & CEO (si) | Officer | 50 | $603,900 |
Jeff Mindlin Chief Investment Officer | 40 | $299,390 | |
Jeff Roberts Managing Director Ur | Officer | 2 | $295,986 |
Virginia Desanto Vice President, CFO & Treasurer | OfficerTrustee | 38 | $280,300 |
Hope Sharett General Counsel/corporate Secretary | Officer | 3 | $260,814 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fish And Richardson Pc Si Patent Prosecution | 6/29/22 | $496,715 |
Withrow And Terranova Pllc Si Patent Prosecution | 6/29/22 | $472,761 |
Polsinelli Pc Si Patent Prosecution | 6/29/22 | $447,839 |
Quarles And Brady Llp Ep Legal Svcs & Si Patent Prosecution | 6/29/22 | $887,252 |
Booth Udall Fuller Plc Si Patent Prosecution | 6/29/22 | $338,821 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,707,054 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $650,000 |
| Noncash contributions included in lines 1a–1f | $650,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,357,054 |
| Total Program Service Revenue | $2,377,886 |
| Investment income | $7,538,424 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $134,902 |
| Net Rental Income | $240,478 |
| Net Gain/Loss on Asset Sales | $3,663,840 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,987,399 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,683,498 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $164,780 |
| Compensation of current officers, directors, key employees. | $32,956 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,130,374 |
| Pension plan accruals and contributions | $268,301 |
| Other employee benefits | $642,383 |
| Payroll taxes | $286,908 |
| Fees for services: Management | $58,758 |
| Fees for services: Legal | $867,452 |
| Fees for services: Accounting | $67,507 |
| Fees for services: Lobbying | $249,780 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $791,454 |
| Fees for services: Other | $890,078 |
| Advertising and promotion | $31,612 |
| Office expenses | $1,301,367 |
| Information technology | $854,599 |
| Royalties | $0 |
| Occupancy | $1,133,942 |
| Travel | $44,955 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,528 |
| Interest | $1,101,462 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $207,835 |
| All other expenses | $0 |
| Total functional expenses | $29,543,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,774,784 |
| Savings and temporary cash investments | $1,002,484 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,288,847 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $409,512 |
| Net Land, buildings, and equipment | $92,490,725 |
| Investments—publicly traded securities | $236,961,588 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,166,730 |
| Total assets | $381,094,670 |
| Accounts payable and accrued expenses | $25,794,959 |
| Grants payable | $0 |
| Deferred revenue | $238,266 |
| Tax-exempt bond liabilities | $80,755,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $68,363,481 |
| Total liabilities | $175,151,706 |
| Net assets without donor restrictions | $204,906,137 |
| Net assets with donor restrictions | $1,036,827 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $381,094,670 |
Grants Awarded
Over the last fiscal year, Asu Enterprise Partners has awarded $13,674,497 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Tempe, AZ PURPOSE: PROGRAM SUPPORT | $13,530,031 |
Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $75,000 |
ARIZONA STATE UNIVERSITY PURPOSE: PROGRAM SUPPORT | $69,466 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Asu Enterprise Partners has recieved totaling $1,217,054.
| Awarding Organization | Amount |
|---|---|
Arizona State University Foundation For A New American University Tempe, AZ PURPOSE: PROGRAM SUPPORT | $931,250 |
Arizona State University Foundation For A New American University Tempe, AZ PURPOSE: PROGRAM SUPPORT | $285,804 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Enterprises Inc Sacramento, CA | $150,298,368 | $99,291,560 |
University Of California Irvine Foundation Irvine, CA | $884,006,067 | $143,548,070 |
U C San Diego Foundation La Jolla, CA | $1,658,962,820 | $199,905,173 |
Colorado State University Foundation Fort Collins, CO | $706,044,439 | $163,322,590 |
California State University Fresno Foundation Fresno, CA | $305,581,286 | $82,049,002 |
University Corporation At Monterey Bay Seaside, CA | $199,917,843 | $49,155,763 |
San Jose State University Research Foundation San Jose, CA | $57,091,451 | $53,661,013 |
University Of Nevada-Reno Foundation Reno, NV | $310,760,494 | $35,673,494 |
The U C Davis Foundation Davis, CA | $716,342,130 | $110,976,640 |
Unm Rainforest Innovations Albuquerque, NM | $22,586,721 | $58,002,418 |
Southwestern Law School Los Angeles, CA | $126,801,745 | $54,692,632 |
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |