Asu Research Enterprise
- Assets
- $25.1m
- Revenue
- $57.6m
- Investments
- $0.0
- Employees
- 19
- Location
- Tempe, AZ
- Founding
- 08/2014
- Data as of
- 06/2021
- 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 06/2021, Asu Research Enterprise employed 19 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 06/2021, Asu Research Enterprise generated $57.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 71.6% each year . All expenses for the organization totaled $52.4m during the year ending 06/2021. While expenses have increased by 63.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASU RESEARCH ENTERPRISE ("ASURE") IS AN EMERGING ORGANIZATION THAT PERFORMS DEVELOPMENT AND APPLIED RESEARCH PROJECTS THROUGH CONDUCTING CLASSIFIED AND UNCLASSIFIED APPLIED RESEARCH PROJECTS FROM PROOF-OF-CONCEPT THROUGH OPERATIONAL IMPLEMENTATION, IN CLOSE COORDINATION WITH ARIZONA STATE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASU RESEARCH ENTERPRISE ("ASURE") IS AN EMERGING ORGANIZATION THAT PERFORMS DEVELOPMENT AND APPLIED RESEARCH PROJECTS THROUGH CONDUCTING CLASSIFIED AND UNCLASSIFIED APPLIED RESEARCH PROJECTS FROM PROOF-OF-CONCEPT THROUGH OPERATIONAL IMPLEMENTATION, IN CLOSE COORDINATION WITH ARIZONA STATE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Thomas CEO | OfficerTrustee | 40 | $188,003 |
Claudia Eldib Logistics Spec Iii | 40 | $137,297 | |
Christian Fortunato Sys. Engineer Iii | 40 | $136,993 | |
Robert Johnson Thru 4/21 | OfficerTrustee | 1 | $0 |
Virginia Desanto Treasurer | OfficerTrustee | 5 | $0 |
Rf Shangraw Jr Chair | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| 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 | $57,628,345 |
| Statement of Expenses | |
|---|---|
| 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. | $223,936 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,422,833 |
| Pension plan accruals and contributions | $63,174 |
| Other employee benefits | $219,532 |
| Payroll taxes | $77,464 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,467 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,518,287 |
| Advertising and promotion | $0 |
| Office expenses | $6,592,866 |
| Information technology | $346,433 |
| Royalties | $0 |
| Occupancy | $118,504 |
| Travel | $34,351 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,021 |
| Interest | $0 |
| Payments to affiliates | $481,863 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $52,433,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,781,817 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,347,238 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,129,055 |
| Accounts payable and accrued expenses | $18,593,399 |
| Grants payable | $0 |
| Deferred revenue | $3,010,528 |
| 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 | $0 |
| Total liabilities | $21,603,927 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $3,525,128 |
Grants Awarded
Over the last fiscal year, Asu Research Enterprise has awarded $9,078,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Tempe, AZ PURPOSE: PROGRAM SUPPORT | $9,000,000 |
ARIZONA STATE UNIVERSITY PURPOSE: PROGRAM SUPPORT | $78,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Asu Research Enterprise has recieved totaling $26,485.
| Awarding Organization | Amount |
|---|---|
Arizona Technology Council Foundation Tempe, AZ PURPOSE: PROGRAM SUPPORT | $26,485 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edward Charles Foundation Beverly Hills, CA | $22,160,900 | $41,333,882 |
Asu Research Enterprise Tempe, AZ | $25,129,055 | $57,628,345 |
Sheryl Sandberg & Dave Goldberg Family Foundation Palo Alto, CA | $7,237,479 | $10,073,242 |
Bi-Bett Walnut Creek, CA | $8,734,847 | $8,886,262 |
California Foundation For Independent Living Centers Sacramento, CA | $3,702,594 | $8,030,349 |
Community Access Network Non Profit Corporation Corona, CA | $7,199,298 | $6,228,219 |
Vail Veterans Foundation Inc Vail, CO | $5,635,984 | $6,130,638 |
Elder Care Alliance Alameda, CA | $36,709,405 | $4,507,097 |
Child Management Associates Inc West Jordan, UT | $745,530 | $4,089,483 |
Los Angeles Police Foundation Los Angeles, CA | $14,536,566 | $5,939,965 |
Our Little Helpers Inc Los Angeles, CA | $244,623 | $3,613,015 |
Arsolas Distribution Center And Community Services Oakland, CA | $0 | $4,046,289 |