Asu Research Enterprise
- Assets
- $423.2k
- Revenue
- $809.1k
- Investments
- $0.0
- Employees
- 11
- Location
- Tempe, AZ
- Founding
- 08/2014
- Data as of
- 06/2023
- EIN
- 90-0868685
Organization Overview
Asu Research Enterprise is located in Tempe, AZ. The organization was established in 2014. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 06/2023, Asu Research Enterprise employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asu Research Enterprise 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 06/2023, Asu Research Enterprise generated $809.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $3.5m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EXTEND ASU'S REACH TO MEET ITS RESEARCH GOALS THROUGH THE CULTIVATION AND EXECUTION OF APPLIED R&D.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GROW ASU RESEARCH ENTERPRISE (ASURE) INTO A RECOGNIZED LEADER IN TECHNOLOGY INNOVATION THROUGH APPLIED RESEARCH AND DEVELOPMENT IN ORDER TO STRENGTHEN ASU'S REACH, REPUTATION, AND IMPACT ON THE TOUGHEST CHALLENGES FACING NATIONAL SECURITY AND GLOBAL WELL-BEING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Dillon Director | Trustee | 1 | $0 |
Ronald Thompson Managing Director | OfficerTrustee | 50 | $173,676 |
Rf Shangraw Jr Chair | OfficerTrustee | 1 | $0 |
Ryan Given Treasurer From 8/2022 | OfficerTrustee | 1 | $0 |
Sally Morton Director | Trustee | 1 | $0 |
Hope Sharett Secretary Thru 8/2022 | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Yuma Regional Medical Center Temporary Staff | 6/29/23 | $536,238 |
Judge Technical Staffing Temporary Staff | 6/29/23 | $538,354 |
Kary Environmental Services Inc Courier Services | 6/29/23 | $333,250 |
Blue Cross Blue Shield Of Arizona Inc Temporary Staff | 6/29/23 | $218,279 |
Allied Universal Security Services | 6/29/23 | $215,498 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $806,885 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $809,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,625,051 |
| 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. | $316,816 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $540,812 |
| Pension plan accruals and contributions | $26,342 |
| Other employee benefits | $138,161 |
| Payroll taxes | $72,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $55,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $409,408 |
| Advertising and promotion | $0 |
| Office expenses | $34,001 |
| Information technology | $93,429 |
| Royalties | $0 |
| Occupancy | $143,765 |
| Travel | $39,035 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,070 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $75 |
| All other expenses | $0 |
| Total functional expenses | $3,536,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,602 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,732 |
| 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 | $0 |
| Net Land, buildings, and equipment | $261,275 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,612 |
| Total assets | $423,221 |
| Accounts payable and accrued expenses | $540,814 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $261,275 |
| Total liabilities | $802,089 |
| Net assets without donor restrictions | -$378,868 |
| Net assets with donor restrictions | $0 |
| 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 | $423,221 |
Grants Awarded
Over the last fiscal year, Asu Research Enterprise has awarded $1,625,051 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ASU ENTERPRISE PARTNERS PURPOSE: PROGRAM SUPPORT | $1,411,000 |
ARIZONA STATE UNIVERSITY PURPOSE: PROGRAM SUPPORT | $214,051 |