Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $143,010

• 1e · Government grants (contributions)

  $2,616,835

• 1f · All other contributions, gifts and grants

  $1,701,155

• 2a · Program service revenue: Rental Income From Exe

  total $8,770,314 · related or exempt $8,770,314

• 2b · Program service revenue: Equity in Joint Ventur

  total $1,904,493 · related or exempt $1,904,493

• 2c · Program service revenue: Business & Community N

  total $731,106 · related or exempt $731,106

• 3 · Investment income

  total $2,326,926 · excluded $2,326,926

• 7a · Gross sales of assets other than inventory

  securities $25,800,000

• 7b · Less cost or other basis and sales expenses

  securities $25,309,706

• 7c · Gain or loss

  securities $490,294

• 7d · Net gain or loss

  total $490,294 · excluded $490,294

• 8a · Fundraising events: gross income

  $42,250

• 8a · Fundraising events: contributions included on line 1c

  $143,010

• 8b · Fundraising events: direct expenses

  $34,579

• 8c · Net income from fundraising events

  total $7,671 · excluded $7,671

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $32,000 · program services $32,000

• 2 · Grants to domestic individuals

  total $242,000 · program services $242,000

• 5 · Compensation of officers, directors and key employees

  total $2,707,514 · program services $1,138,204 · management and general $1,435,561 · fundraising $133,749

• 7 · Other salaries and wages

  total $3,783,764 · program services $1,261,852 · management and general $2,521,912

• 8 · Pension plan contributions

  total $381,376 · program services $195,157 · management and general $153,680 · fundraising $32,539

• 9 · Other employee benefits

  total $402,231 · program services $188,089 · management and general $180,860 · fundraising $33,282

• 10 · Payroll taxes

  total $523,903 · program services $245,687 · management and general $238,014 · fundraising $40,202

• 11a · Fees: management

  total $10,651 · program services $10,651

• 11b · Fees: legal

  total $138,406 · program services $42,663 · management and general $95,743

• 11c · Fees: accounting

  total $160,933 · program services $7,524 · management and general $153,409

• 11d · Fees: lobbying

  total $82,500 · fundraising $82,500

• 11g · Fees: other

  total $2,693,511 · program services $1,523,430 · management and general $1,170,081

• 12 · Advertising and promotion

  total $351,265 · program services $128,740 · management and general $222,525

• 13 · Office expenses

  total $1,229,004 · program services $481,011 · management and general $747,993

• 16 · Occupancy

  total $4,447,775 · program services $3,981,000 · management and general $466,775

• 17 · Travel

  total $243,867 · program services $153,777 · management and general $90,090

• 20 · Interest

  total $906,088 · program services $869,835 · management and general $36,253

• 22 · Depreciation, depletion and amortization

  total $2,509,556 · program services $1,695,653 · management and general $813,903

• 23 · Insurance

  total $285,399 · program services $188,439 · management and general $96,960

• 24a · Other expenses: Security

  total $46,234 · program services $45,810 · management and general $424

• 24b · Other expenses: Miscellaneous

  total $24,325 · program services $16,696 · management and general $7,629

• 24c · Other expenses: Other Taxes

  total $18,402 · management and general $18,402

• 24d · Other expenses: Bad Debt

  total $4,265 · program services $4,265

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,172,229 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $1,926,897 · end of year $4,494,839

• 4 · Accounts receivable

  beginning of year $1,217,013 · end of year $1,430,473

• 9 · Prepaid expenses and deferred charges

  beginning of year $74,145 · end of year $237,805

• 10a · Land, buildings and equipment: cost or other basis

  $35,873,895

• 10b · Land, buildings and equipment: accumulated depreciation

  $17,478,148

• 10c · Land, buildings and equipment, net

  beginning of year $20,341,827 · end of year $18,395,747

• 11 · Investments: publicly traded securities

  beginning of year $70,058,018 · end of year $78,734,861

• 12 · Investments: other securities

  beginning of year $18,323,736 · end of year $15,925,286

• 13 · Investments: program-related

  beginning of year $2,467,636 · end of year $2,437,049

• 15 · Other assets

  beginning of year $13,733,488 · end of year $12,822,095

• 17 · Accounts payable and accrued expenses

  beginning of year $3,677,594 · end of year $3,142,359

• 19 · Deferred revenue

  beginning of year $343,860 · end of year $333,154

• 23 · Secured mortgages and notes payable

  beginning of year $17,877,383 · end of year $17,940,800

• 24 · Unsecured notes and loans payable

  beginning of year $986,025 · end of year $486,025

• 25 · Other liabilities

  beginning of year $9,563,840 · end of year $8,783,165

• 27 · Net assets without donor restrictions

  beginning of year $96,585,287 · end of year $103,567,652

• 28 · Net assets with donor restrictions

  beginning of year $281,000 · end of year $225,000

The filer's explanations (Part III)

Part I, Line 1a

Per the Travel and Dues Policy included in the employee handbook: First class air travel should be approved in advance and used only when lower class travel would: - require circuitous routing; - greatly increase deviation of flight; - require travel during unreasonable hours; - result in additional costs offsetting transportation savings; - offer accommodations not reasonably adequate for the physical or medical needs; or - is not available. The Science Center reimburses the President/CEO of the Center for dues paid for a social club membership used for business-related activities.

Part I, Line 3

See Schedule O Narrative - Form 990, Part VI, Section B, Line 15.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• 3701 University City Science Center Associates LLC

  Commercial Real Estate Property Ownership and Rental (prop sold 2021) · PA

  Directly controlled by University City Science Center

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• Whaley Partners LP

  Related · Investment · PA · 80.07% owned · share of assets $171,211

  Directly controlled by University City Science Center

• Phase I Ventures LLC

  Related · Technology Accelerator · PA · 43.93% owned · general or managing partner

  Directly controlled by University City Science Center

• 3701 Limited Partnership I

  Related · Investment · PA · general or managing partner

  Directly controlled by University City Science Center

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• Port of Technology Inc

  C · Investment · PA · 100% owned

  Directly controlled by University City Science Center

• Research Park Inc

  C · Services - Real Estate Mgmt · PA · 100% owned · share of income $244,587 · share of assets $465,343

  Directly controlled by University City Science Center

• SCEC Ventures Inc

  C · Property Development · PA · 100% owned · share of income $347,850 · share of assets $735,825

  Directly controlled by University City Science Center

• 3701 Limited Partnership GP I Inc

  C · Investment · PA · 100% owned

  Directly controlled by University City Science Center