Form 990 for tax year 2022
Filed by SCIENCE AND TECHNOLOGY CAMPUS CORPORATION.
Totals
- Total revenue
- $7,998,643
- Total expenses
- $6,435,058
- Contributions and grants received
- $353,000
- Grants paid
- $0
- Program service revenue
- $7,597,620
- Investment income
- $48,023
- Other revenue
- $0
- Total assets, end of year
- $39,348,867
- Total liabilities, end of year
- $14,659,110
- Net assets or fund balances, end of year
- $24,689,757
- Program services expenses (Part IX)
- $6,240,565
- Management and general expenses
- $194,493
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $6,240,565
Program services were 97.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$353,000
-
2a · Program service revenue: RENTAL INCOME
total $7,554,573 · related or exempt $7,554,573
-
2b · Program service revenue: OTHER FEES
total $43,047 · related or exempt $43,047
-
3 · Investment income
total $48,023 · related or exempt $48,023
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $260,582 · program services $260,582
-
11b · Fees: legal
total $67,205 · management and general $67,205
-
11c · Fees: accounting
total $102,460 · management and general $102,460
-
11g · Fees: other
total $319,780 · program services $319,780
-
13 · Office expenses
total $4,842 · management and general $4,842
-
14 · Information technology
total $19,986 · management and general $19,986
-
16 · Occupancy
total $3,232,989 · program services $3,232,989
-
17 · Travel
total $23,755 · program services $23,755
-
21 · Payments to affiliates
total $413,344 · program services $413,344
-
22 · Depreciation, depletion and amortization
total $1,331,931 · program services $1,331,931
-
23 · Insurance
total $63,220 · program services $63,220
-
24a · Other expenses: GROUND RENT
total $541,580 · program services $541,580
-
24b · Other expenses: REAL ESTATE TAXES
total $53,384 · program services $53,384
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,034,119 · end of year $2,254,036
-
2 · Savings and temporary cash investments
beginning of year $9,746,249 · end of year $5,171,817
-
4 · Accounts receivable
beginning of year $1,453,513 · end of year $1,915,217
-
9 · Prepaid expenses and deferred charges
beginning of year $1,248,283 · end of year $1,271,396
-
10a · Land, buildings and equipment: cost or other basis
$53,115,281
-
10b · Land, buildings and equipment: accumulated depreciation
$24,428,880
-
10c · Land, buildings and equipment, net
beginning of year $27,122,261 · end of year $28,686,401
-
13 · Investments: program-related
beginning of year $50,000 · end of year $50,000
-
17 · Accounts payable and accrued expenses
beginning of year $2,694,464 · end of year $3,352,633
-
23 · Secured mortgages and notes payable
beginning of year $83,721
-
25 · Other liabilities
beginning of year $17,750,069 · end of year $11,306,477
-
27 · Net assets without donor restrictions
beginning of year $23,126,171 · end of year $24,689,757
Mission and programs · 2022
Mission
THE CORPORATION IS FORMED AND ORGANIZED EXCLUSIVELY FOR THE CHARITABLE PURPOSE OF ADVANCING, ENCOURAGING AND PROMOTING THE INDUSTRIAL, ECONOMIC, COMMERCIAL AND CIVIL DEVELOPMENT OF AN AREA TO SERVE AS A RESEARCH PARK FOR THE COMMON BENEFIT AND GENERAL WELFARE OF THE OHIO STATE UNIVERSITY, THE STATE OF OHIO, FRANKLIN COUNTY, OHIO, THE CITY OF COLUMBUS, OHIO AND THEIR RESPECTIVE COMMUNITIES.
-
SCIENCE AND TECHNOLOGY CAMPUS CORP (SCITECH) IS A NOT-FOR-PROFIT CORPORATION AFFILIATED WITH THE OHIO STATE UNIVERSITY (OSU). SCITECH IS THE SOLE DEVELOPER OF THE 53 ACRE INNOVATION PARK ON THE CAMPUS OF OSU FOR THE PURPOSE OF CONSTRUCTING AN ENHANCED SCIENCE AND TECHNOLOGY CAMPUS. IT PROVIDES SPACE FOR TECHNOLOGY RELATED ENTERPRISES AND RESEARCH AND DEVELOPMENT ENTITIES. SCITECH ALSO PROVIDES FACILITIES FOR COMMERCIAL ENTERPRISES AND RESEARCH AND DEVELOPMENT INSTITUTES THAT CAN BENEFIT FROM THE RESOURCES AVAILABLE IN THE UNIVERSITY COMMUNITY. ADDITIONALLY, SCITECH HELPS FACULTY MEMBERS TAKE UNIVERSITY RESEARCH TO COMMERCIALIZATION VIA START-UP COMPANIES, THUS ENCOURAGING ENTREPENEURSHIP IN HIGH TECHNOLOGY IN COLUMBUS, OHIO.
Expenses $6,240,565
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jay KaseyJAY KASEY
BOARD CHAIR
- Total calculated
- $922,501
- From this org
- $0
- From related orgs
- $825,417
- Other
- $97,084
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $392,576 related
- Bonus
- $0 + $334,184 related
- Other
- $0 + $98,657 related
- Deferred
- $0 + $78,086 related
- Nontaxable benefits
- $0 + $18,998 related
- Filer's total
- $0 + $922,501 related
-
Michael PapadakisMICHAEL PAPADAKIS
DIRECTOR
- Total calculated
- $961,271
- From this org
- $0
- From related orgs
- $836,360
- Other
- $124,911
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $616,762 related
- Bonus
- $0 + $186,662 related
- Other
- $0 + $32,936 related
- Deferred
- $0 + $96,176 related
- Nontaxable benefits
- $0 + $28,735 related
- Filer's total
- $0 + $961,271 related
-
Peter MohlerPETER MOHLER
DIRECTOR
- Total calculated
- $908,516
- From this org
- $0
- From related orgs
- $811,543
- Other
- $96,973
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $514,493 related
- Bonus
- $0 + $215,200 related
- Other
- $0 + $81,850 related
- Deferred
- $0 + $69,431 related
- Nontaxable benefits
- $0 + $27,542 related
- Filer's total
- $0 + $908,516 related
-
Francie HenryFRANCIE HENRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kenny McDonaldKENNY MCDONALD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tom WalkerTOM WALKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William WestbrookWILLIAM WESTBROOK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kristine DevineKRISTINE DEVINE
TREASURER
- Total calculated
- $626,100
- From this org
- $0
- From related orgs
- $528,407
- Other
- $97,693
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $354,881 related
- Bonus
- $0 + $88,750 related
- Other
- $0 + $84,776 related
- Deferred
- $0 + $67,997 related
- Nontaxable benefits
- $0 + $29,696 related
- Filer's total
- $0 + $626,100 related
-
Heidi McCabeHEIDI MCCABE
SECRETARY
- Total calculated
- $300,803
- From this org
- $0
- From related orgs
- $252,880
- Other
- $47,923
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $208,723 related
- Bonus
- $0 + $17,770 related
- Other
- $0 + $26,387 related
- Deferred
- $0 + $30,019 related
- Nontaxable benefits
- $0 + $17,904 related
- Filer's total
- $0 + $300,803 related
-
Alissa ComellaALISSA COMELLA
VICE PRESIDENT
- Total calculated
- $348,211
- From this org
- $0
- From related orgs
- $304,053
- Other
- $44,158
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $241,329 related
- Bonus
- $0 + $31,220 related
- Other
- $0 + $31,504 related
- Deferred
- $0 + $42,591 related
- Nontaxable benefits
- $0 + $1,567 related
- Filer's total
- $0 + $348,211 related
-
Amanda HoffsisAMANDA HOFFSIS
PRESIDENT
- Total calculated
- $273,107
- From this org
- $0
- From related orgs
- $218,156
- Other
- $54,951
- Hours/week
- 10 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $192,135 related
- Bonus
- $0
- Other
- $0 + $26,021 related
- Deferred
- $0 + $26,311 related
- Nontaxable benefits
- $0 + $28,640 related
- Filer's total
- $0 + $273,107 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · OH
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421309349303147
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