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Nonprofiteer
← ASU ENTERPRISE PARTNERS

Form 990 for tax year 2023

Filed by ASU ENTERPRISE PARTNERS.

Totals

Total revenue
$14,131,223
Total expenses
$24,209,129
Contributions and grants received
$293,954
Grants paid
$3,438,775
Program services expenses (Part IX)
$12,963,507
Management and general expenses
$10,711,062
Fundraising expenses
$534,560
Program service expenses (Part III)
$12,963,507

Program services were 53.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DANIEL DILLON

    PRESIDENT AND CEO (THRU 12/23)

    Total calculated
    $900,539
    From this org
    $824,034
    From related orgs
    $0
    Other
    $76,505
    Hours/week
    37 + 3 related

    Schedule J breakdown matched by us

    Base
    $565,792
    Bonus
    $235,000
    Other
    $23,242
    Deferred
    $45,600
    Nontaxable benefits
    $30,905
    Filer's total
    $900,539

  • GRETCHEN BUHLIG

    DIRECTOR & CEO (ASUF)

    Total calculated
    $693,797
    From this org
    $0
    From related orgs
    $611,432
    Other
    $82,365
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $488,890 related
    Bonus
    $0 + $113,000 related
    Other
    $0 + $9,542 related
    Deferred
    $0 + $45,600 related
    Nontaxable benefits
    $0 + $36,765 related
    Filer's total
    $0 + $693,797 related

  • AUGUSTINE CHENG

    MD & CEO (SI)

    Total calculated
    $664,275
    From this org
    $611,701
    From related orgs
    $0
    Other
    $52,574
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $444,812
    Bonus
    $137,675
    Other
    $29,214
    Deferred
    $23,100
    Nontaxable benefits
    $29,474
    Filer's total
    $664,275

  • JEFF MINDLIN

    CHIEF INVESTMENT OFFICER

    Total calculated
    $431,578
    From this org
    $372,431
    From related orgs
    $0
    Other
    $59,147
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $310,031
    Bonus
    $62,400
    Other
    $0
    Deferred
    $21,910
    Nontaxable benefits
    $37,237
    Filer's total
    $431,578

  • JEFF ROBERTS

    MANAGING DIRECTOR UR

    Total calculated
    $423,064
    From this org
    $378,163
    From related orgs
    $0
    Other
    $44,901
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $303,163
    Bonus
    $75,000
    Other
    $0
    Deferred
    $22,425
    Nontaxable benefits
    $22,476
    Filer's total
    $423,064

  • KYLE SIEGAL

    ED & CHIEF PATENT COUNSEL

    Total calculated
    $360,588
    From this org
    $307,117
    From related orgs
    $0
    Other
    $53,471
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $284,317
    Bonus
    $22,800
    Other
    $0
    Deferred
    $21,361
    Nontaxable benefits
    $32,110
    Filer's total
    $360,588

  • VIRGINIA E DESANTO

    VICE PRESIDENT, CFO & TREASURER

    Total calculated
    $349,966
    From this org
    $305,588
    From related orgs
    $0
    Other
    $44,378
    Hours/week
    38 + 12 related

    Schedule J breakdown matched by us

    Base
    $278,043
    Bonus
    $27,545
    Other
    $0
    Deferred
    $20,865
    Nontaxable benefits
    $23,513
    Filer's total
    $349,966

  • HOPE SHARETT

    GENERAL COUNSEL/CORPORATE SECRETARY (THRU 12/23)

    Total calculated
    $342,517
    From this org
    $292,576
    From related orgs
    $0
    Other
    $49,941
    Hours/week
    47 + 3 related

    Schedule J breakdown matched by us

    Base
    $265,956
    Bonus
    $26,620
    Other
    $0
    Deferred
    $20,071
    Nontaxable benefits
    $29,870
    Filer's total
    $342,517

  • STEPHANIE LEACH

    CHIEF TECH. OFFICER (THRU 12/23)

    Total calculated
    $329,734
    From this org
    $295,351
    From related orgs
    $0
    Other
    $34,383
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $272,270
    Bonus
    $23,081
    Other
    $0
    Deferred
    $15,880
    Nontaxable benefits
    $18,503
    Filer's total
    $329,734

  • CHARLIE LEWIS

    VP VENTURE DEV. & PHYS SCI. (SI)

    Total calculated
    $300,894
    From this org
    $256,887
    From related orgs
    $0
    Other
    $44,007
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,563
    Bonus
    $19,324
    Other
    $0
    Deferred
    $18,261
    Nontaxable benefits
    $25,746
    Filer's total
    $300,894

  • RAHIMA MISTRY

    VP STRATEGIC INSIGHTS & ANALYTICS

    Total calculated
    $298,014
    From this org
    $251,142
    From related orgs
    $0
    Other
    $46,872
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,142
    Bonus
    $23,000
    Other
    $0
    Deferred
    $17,262
    Nontaxable benefits
    $29,610
    Filer's total
    $298,014

  • MARK SEARLE

    PRESIDENT AND CEO (3/24 THRU 6/24)

    Total calculated
    $0
    Hours/week
    37 + 3 related

  • JOHN GRAHAM

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • NITA FRANCIS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MACKENZIE WOODS

    INTERIM SECRETARY (1/24 THRU 5/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • NICOLE COLYER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHAEL CROW

    ASU PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STEVE BETTS

    CHAIR (UR)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MORGAN OLSEN

    VICE CHAIR (IC)

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • CHRIS HOWARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LISA LOO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ANNE MARIUCCI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 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 — 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

  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
HOUSING ALLOWANCE THE MANAGING DIRECTOR OF SKYSONG INNOVATIONS RECEIVES A HOUSING ALLOWANCE, WHICH IS TREATED AS TAXABLE COMPENSATION ON FORM W-2 AND REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). TRAVEL FOR COMPANIONS THE MANAGING DIRECTOR OF SKYSONG INNOVATIONS RECEIVES TRAVEL REIMBURSEMENTS FOR HIMSELF AND HIS SPOUSE, WHICH IS TREATED AS TAXABLE COMPENSATION ON FORM W-2 AND REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). TAX IDEMNIFICATION AND GROSS-UP PAYMENTS THE MANAGING DIRECTOR OF SKYSONG INNOVATIONS RECEIVES TAX GROSS-UP PAYMENTS IN RELATION TO AMOUNTS PAID TO HIM FOR HIS HOUSING ALLOWANCE, TAXABLE SPOUSAL TRAVEL, AND REIMBURSEMENT FOR INTERNET EXPENSES. THE GROSS-UPS ARE TREATED AS TAXABLE COMPENSATION ON FORM W-2 AND REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). SOCIAL CLUB DUES OR INITIATION FEES EP PROVIDES THE PRESIDENT AND CEO WITH A MEMBERSHIP TO A SOCIAL CLUB TO USE FOR BUSINESS PURPOSES. THE MEMBERSHIP IS NON-TAXABLE TO THE PRESIDENT AND CEO AND REPORTED AS NON-TAXABLE BENEFITS ON SCHEDULE J, PART II, COLUMN (D).
PART I, LINE 7
NON-FIXED PAYMENTS FOR EP, NON-FIXED PAYMENTS ARE BASED ON COMPENSATION AGREEMENTS AND SUCCESS BENCHMARKS STATED IN EMPLOYMENT CONTRACTS. FOR SKYSONG INNOVATIONS, A SINGLE MEMBER LIMITED LIABILITY COMPANY OF EP, THE COMPENSATION CONTRACT FOR THE MANAGING DIRECTOR ALLOWS FOR THE BOARD OF DIRECTORS OF SKYSONG INNOVATIONS TO APPROVE DISCRETIONARY BONUSES WITHOUT FIXED AMOUNT CALCULATIONS BASED ON THE BOARD'S OVERALL SATISFACTION OF THE MANAGING DIRECTOR'S PERFORMANCE.
SCHEDULE J, PART II
QUESTIONS REGARDING COMPENSATION EP'S FIVE HIGHEST PAID EMPLOYEES INCLUDE TWO MEMBERS OF THE MANAGEMENT OF ITS SUBSIDIARY, SKYSONG INNOVATIONS, WHICH PROVIDES TECHNOLOGY TRANSFER SERVICES FOR ARIZONA STATE UNIVERSITY. AS ITS SOLE MEMBER, EP HAS DELEGATED RESPONSIBILITY FOR MANAGEMENT OF SKYSONG INNOVATIONS TO THE FIVE-MEMBER BOARD OF DIRECTORS FOR SKYSONG INNOVATIONS, INCLUDING OPERATIONAL ACTIVITIES AND COMPENSATION.

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

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.

  • ASU FOUNDATION

    501(C)(3) · SUPPORT · AZ · controlled entity

    Directly controlled by EP

  • ASU RESEARCH ENTERPRISE

    501(C)(3) · SUPPORT · AZ · controlled entity

    Directly controlled by EP

  • RESEARCH COLLABORATORY AT ASU

    501(C)(3) · SUPPORT · AZ · controlled entity

    Directly controlled by EP

  • TAYLOR TRUST FBO ASU FOUNDATION

    501(C)(3) · SUPPORT · AZ · controlled entity

    Directly controlled by ASUF

  • ASU FOUNDATION MEXICO AC

    501(C)(3) · EDUCATION · MX · controlled entity

    Directly controlled by GLOBAL III

  • RCASU GERMANY GGMBH

    501(C)(3) · HOLDING CO. · GM · controlled entity

    Directly controlled by RCASU GERMANY LLC

  • ECASU TRUST (MALAWI)

    501(C)(3) · EDUCATION · MI · controlled entity

    Directly controlled by ECASU

  • ECASU MOROCCO

    501(C)(3) · EDUCATION · MO · controlled entity

    Directly controlled by ECASU

  • ASU GLOBAL FOUNDATION UK LIMITED

    501(C)(3) · SUPPORT · UK · controlled entity

    Directly controlled by ASUF

  • ASU ENTERPRISE PARTNERS OUTREACH HUB

    501(C)(3) · SUPPORT · AZ · controlled entity

    Directly controlled by EP

  • NEWSWELL

    501(C)(3) · SUPPORT · AZ · controlled entity

    Directly controlled by EP

Provenance

Return type
form_990
Tax year
2023
Filed
11 March 2025
IRS schema version
2023v6.0
Source object
202520739349301867

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