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← ASU RESEARCH ENTERPRISE

Form 990 for tax year 2022

Filed by ASU RESEARCH ENTERPRISE.

Totals

Total revenue
$809,125
Total expenses
$3,536,791
Contributions and grants received
$0
Grants paid
$1,625,051
Program service revenue
$806,885
Investment income
$0
Other revenue
$2,240
Total assets, end of year
$423,221
Total liabilities, end of year
$802,089
Net assets or fund balances, end of year
-$378,868
Program services expenses (Part IX)
$2,359,212
Management and general expenses
$1,177,579
Fundraising expenses
$0
Program service expenses (Part III)
$2,359,212

Program services were 66.7% 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.

  • 2a · Program service revenue: RESEARCH CONTRACTS

    total $806,885 · related or exempt $806,885

  • 11a · Other revenue: OTHER INCOME

    total $2,240 · excluded $2,240

  • 11e · Other revenue, total

    $2,240

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,625,051 · program services $1,625,051

  • 5 · Compensation of officers, directors and key employees

    total $316,816 · program services $316,816

  • 7 · Other salaries and wages

    total $540,812 · program services $72,547 · management and general $468,265

  • 8 · Pension plan contributions

    total $26,342 · management and general $26,342

  • 9 · Other employee benefits

    total $138,161 · program services $21,885 · management and general $116,276

  • 10 · Payroll taxes

    total $72,686 · management and general $72,686

  • 11c · Fees: accounting

    total $55,300 · management and general $55,300

  • 11g · Fees: other

    total $409,408 · program services $289,768 · management and general $119,640

  • 13 · Office expenses

    total $34,001 · program services $4,367 · management and general $29,634

  • 14 · Information technology

    total $93,429 · program services $35 · management and general $93,394

  • 16 · Occupancy

    total $143,765 · management and general $143,765

  • 17 · Travel

    total $39,035 · program services $2,257 · management and general $36,778

  • 19 · Conferences, conventions and meetings

    total $4,070 · management and general $4,070

  • 23 · Insurance

    total $75 · management and general $75

  • 24a · Other expenses: PROJECT MATERIALS

    total $22,544 · program services $22,544

  • 24b · Other expenses: MEALS AND CULTIVATION

    total $8,431 · program services $2,772 · management and general $5,659

  • 24c · Other expenses: FEES AND SUBSCRIPTIONS

    total $6,865 · program services $1,170 · management and general $5,695

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,598,277 · end of year $95,602

  • 4 · Accounts receivable

    beginning of year $577,645 · end of year $63,732

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

    $261,275

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $261,275

  • 15 · Other assets

    beginning of year $0 · end of year $2,612

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,800,198 · end of year $540,814

  • 19 · Deferred revenue

    beginning of year $26,926

  • 25 · Other liabilities

    beginning of year $0 · end of year $261,275

  • 27 · Net assets without donor restrictions

    beginning of year $2,348,798 · end of year -$378,868

Mission and programs · 2022

Mission

SEE SCHEDULE OEXTEND ASU'S REACH TO MEET ITS RESEARCH GOALS THROUGH THE CULTIVATION AND EXECUTION OF APPLIED RESEARCH AND DEVELOPMENT FOR THE TRANSITION OF TECHNOLOGY AND INNOVATION INTO LATER-STAGE READINESS LEVELS AND BY OPERATIONALIZING AGILE MANAGERIAL SERVICES TO DELIVER MATURED SOLUTIONS THAT ADVANCE NATIONAL SECURITY AND GLOBAL HUMANITY CHALLENGES.

Activities or mission (Part I)

EXTEND ASU'S REACH TO MEET ITS RESEARCH GOALS THROUGH THE CULTIVATION AND EXECUTION OF APPLIED R&D.

  • 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.

    Expenses $2,359,212 · Grants $1,625,051 · Revenue $806,885

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dan Dillon

    DIRECTOR

    Total calculated
    $866,474
    From this org
    $0
    From related orgs
    $795,656
    Other
    $70,818
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $564,076 related
    Bonus
    $0 + $201,667 related
    Other
    $0 + $29,913 related
    Deferred
    $0 + $41,850 related
    Nontaxable benefits
    $0 + $28,968 related
    Filer's total
    $0 + $866,474 related

  • Ronald Thompson

    MANAGING DIRECTOR

    Total calculated
    $186,444
    From this org
    $173,676
    From related orgs
    $0
    Other
    $12,768
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $153,676
    Bonus
    $20,000
    Other
    $0
    Deferred
    $12,169
    Nontaxable benefits
    $599
    Filer's total
    $186,444

  • Rf Shangraw Jr

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Given

    TREASURER FROM 8/2022

    Total calculated
    $0
    Hours/week
    1

  • Sally Morton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Hope Sharett

    SECRETARY THRU 8/2022

    Total calculated
    $336,860
    From this org
    $0
    From related orgs
    $296,500
    Other
    $40,360
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,535 related
    Bonus
    $0 + $39,930 related
    Other
    $0 + $35 related
    Deferred
    $0 + $17,439 related
    Nontaxable benefits
    $0 + $22,921 related
    Filer's total
    $0 + $336,860 related

  • Virginia E Desanto

    TREASURER THRU 8/2022

    Total calculated
    $332,026
    From this org
    $0
    From related orgs
    $295,537
    Other
    $36,489
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $267,992 related
    Bonus
    $0 + $27,545 related
    Other
    $0
    Deferred
    $0 + $19,842 related
    Nontaxable benefits
    $0 + $16,647 related
    Filer's total
    $0 + $332,026 related

  • Ana Abasta - Exec Asst

    OFFICE MGR./SECRETARY FROM 8/2022

    Total calculated
    $77,272
    From this org
    $58,972
    From related orgs
    $0
    Other
    $18,300
    Hours/week
    40

  • David Thomas

    FORMER CEO

    Total calculated
    $231,651
    From this org
    $0
    From related orgs
    $193,178
    Other
    $38,473
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $174,890 related
    Bonus
    $0 + $18,251 related
    Other
    $0 + $37 related
    Deferred
    $0 + $13,881 related
    Nontaxable benefits
    $0 + $24,592 related
    Filer's total
    $0 + $231,651 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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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 7
NON-FIXED PAYMENTS BONUSES ARE GIVEN ON A DISCRETIONARY BASIS BASED ON PERFORMANCE REVIEWS AT THE END OF THE YEAR.

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

  • ASU ENTERPRISE PARTNERS

    $1,411,000

    PROGRAM SUPPORT

  • ARIZONA STATE UNIVERSITY

    $214,051

    PROGRAM SUPPORT

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

    Directly controlled by EP

  • TAYLOR TRUST FBO ASU FOUNDATION

    501(C)(3) · SUPPORT · AZ

    Directly controlled by ASUF

  • RESEARCH COLLABORATORY AT ASU

    501(C)(3) · SUPPORT · AZ

    Directly controlled by EP

  • ASU ENTERPRISE PARTNERS

    501(C)(3) · SUPPORT · AZ

  • ASU FOUNDATION MEXICO AC

    501(C)(3) · EDUCATION · MX

    Directly controlled by GLOBAL III

  • RCASU GERMANY GMBH

    501(C)(3) · HOLDING CO. · GM

    Directly controlled by RCASU GERMANY LLC

  • ECASU TRUST (MALAWI)

    501(C)(3) · EDUCATION · MI

    Directly controlled by RCASU

  • ECASU MOROCCO

    501(C)(3) · EDUCATION · MO

    Directly controlled by RCASU

  • ASU GLOBAL FOUNDATION UK LIMITED

    501(C)(3) · SUPPORT · UK

    Directly controlled by ASUF

  • ASU ENTERPRISE PARTNERS OUTREACH HUB

    501(C)(3) · SUPPORT · AZ

    Directly controlled by EP

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

  • EPIXC LLC

    SUPPORT · AZ · income $0 · assets $0

    Directly controlled by ASURE

Related corporations and trusts

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

  • AZTE VENTURES CO

    C · SOLAR ENERGY · AZ

    Directly controlled by SKYSONG

  • TEOTIHUACAN HOLDINGS LLC

    C · HOLDING CO. · DE

    Directly controlled by RCASU

  • CHARITABLE REMAINDER TRUST (14)

    T · CHARITABLE REMAINDER TRUST · AZ

    Directly controlled by ASUF

  • SS SPORTFISHING INC

    C · HOLDING CO. · HI

Provenance

Return type
form_990
Tax year
2022
Filed
28 March 2024
IRS schema version
2022v5.0
Source object
202410889349300231

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