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Nonprofiteer
← THE CENTER FOR COLLABORATIVE RESEARCH INC

Form 990 for tax year 2022

Filed by THE CENTER FOR COLLABORATIVE RESEARCH INC.

Totals

Total revenue
$18,828,639
Total expenses
$22,782,948
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$18,828,639
Total assets, end of year
$134,787,263
Total liabilities, end of year
$172,900,984
Net assets or fund balances, end of year
-$38,113,721
Program services expenses (Part IX)
$22,782,948
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$22,782,948

Program services were 100.0% 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.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $18,828,639

  • 6c · Rental income or loss

    real property $18,828,639 · personal property $0

  • 6d · Net rental income or loss

    total $18,828,639 · related or exempt $18,828,639

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $9,086,220 · program services $9,086,220

  • 22 · Depreciation, depletion and amortization

    total $4,075,693 · program services $4,075,693

  • 24a · Other expenses: OPERATING EXPENSE

    total $7,621,035 · program services $7,621,035

  • 24b · Other expenses: LEASE EXPENSE

    total $2,000,000 · program services $2,000,000

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $191,233,656

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

    $56,446,393

  • 10c · Land, buildings and equipment, net

    beginning of year $138,862,956 · end of year $134,787,263

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $172,900,984 · end of year $172,900,984

  • 27 · Net assets without donor restrictions

    beginning of year -$34,038,028 · end of year -$38,113,721

Mission and programs · 2022

Mission

THE BIOSCIENCE RESEARCH COLLABORATIVE IS AN INNOVATIVE SPACE WHERE STUDENTS, SCIENTISTS, AND EDUCATORS FROM RICE UNIVERSITY AND OTHER TEXAS MEDICAL INSTITUTIONS WORK TOGETHER TO PERFORM LEADING RESEARCH THAT BENEFITS HUMAN MEDICINE AND HEALTH. MORE THAN JUST A BUILDING, IT IS AN INTERDISCIPLINARY, INTERINSTITUTIONAL CATALYST FOR NEW AND BETTER WAYS FOR RESEARCHERS TO COLLABORATE, EXPLORE, LEARN AND LEAD.

Activities or mission (Part I)

TO SUPPORT WILLIAM MARSH RICE UNIVERSITY EIN 74-1109620 IN ITS COLLABORATIONS WITH VARIOUS MEDICAL INSTITUTIONS LOCATED IN THE TEXAS MEDICAL CENTER.

  • THE BIOSCIENCE RESEARCH COLLABORATIVE IS DESIGNED TO FACILITATE AND ENCOURAGE INTERDISCIPLINARY INTERACTIONS AMONG INTERINSTITIUTIONAL RESEARCHERS. IT IS EQUIPPED FOR CUTTING-EDGE LABORATORY, THEORETICAL AND COMPUTATIONAL INVESTIGATIONS, AND FEATURES RESEARCH LABS, CLASSROOMS AND AUDITORIUMS. THE BIOSCIENCE RESEARCH COLLABORATIVE ALSO HAS ENHANCED TRANSLATIONAL RESEARCH AND RELATED ACTIVITIES AS PART OF ITS GOALS, PURSUING STRATEGIES TO FACILITATE MOVING BASIC RESEARCH TO THE BEDSIDE IN ORDER TO MAKE A DIFFERENCE IN THE DELIVERY OF CLINICAL IMPROVEMENTS TO PATIENTS AND PHYSICIANS.

    Expenses $22,782,948 · Revenue $18,828,639

As filed on the 2022 return.

Listed in Part VII

  • Allison Thacker

    Director, Vice President/Treasurer

    Total calculated
    $1,078,395
    From this org
    $0
    From related orgs
    $1,010,215
    Other
    $68,180
    Hours/week
    1 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $970,215 related
    Bonus
    $0
    Other
    $0 + $40,000 related
    Deferred
    $0 + $29,250 related
    Nontaxable benefits
    $0 + $38,930 related
    Filer's total
    $0 + $1,078,395 related

  • Jeff Barnes

    Director

    Total calculated
    $296,677
    From this org
    $0
    From related orgs
    $262,888
    Other
    $33,789
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $242,388 related
    Bonus
    $0
    Other
    $0 + $20,500 related
    Deferred
    $0 + $24,520 related
    Nontaxable benefits
    $0 + $9,269 related
    Filer's total
    $0 + $296,677 related

  • Katherine Collins

    Director

    Total calculated
    $794,242
    From this org
    $0
    From related orgs
    $741,222
    Other
    $53,020
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $397,285 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $268,937 related
    Deferred
    $0 + $38,400 related
    Nontaxable benefits
    $0 + $14,620 related
    Filer's total
    $0 + $794,242 related

  • Kevin Kirby

    Director

    Total calculated
    $1,314,289
    From this org
    $0
    From related orgs
    $1,266,742
    Other
    $47,547
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $604,749 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $586,993 related
    Deferred
    $0 + $38,400 related
    Nontaxable benefits
    $0 + $9,147 related
    Filer's total
    $0 + $1,314,289 related

  • Reginald Desroches

    Director

    Total calculated
    $1,222,148
    From this org
    $0
    From related orgs
    $1,131,328
    Other
    $90,820
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $954,328 related
    Bonus
    $0 + $150,000 related
    Other
    $0 + $27,000 related
    Deferred
    $0 + $58,400 related
    Nontaxable benefits
    $0 + $32,420 related
    Filer's total
    $0 + $1,222,148 related

  • Amy Dittmar

    Vice President

    Total calculated
    $355,760
    From this org
    $0
    From related orgs
    $329,365
    Other
    $26,395
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $317,698 related
    Bonus
    $0
    Other
    $0 + $11,667 related
    Deferred
    $0 + $16,667 related
    Nontaxable benefits
    $0 + $9,728 related
    Filer's total
    $0 + $355,760 related

  • Kelly Fox

    Chairman of the Board/President

    Total calculated
    $330,668
    From this org
    $0
    From related orgs
    $305,694
    Other
    $24,974
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $293,493 related
    Bonus
    $0
    Other
    $0 + $12,201 related
    Deferred
    $0 + $11,667 related
    Nontaxable benefits
    $0 + $13,307 related
    Filer's total
    $0 + $330,668 related

  • Omar Syed

    Vice President/Secretary

    Total calculated
    $170,504
    From this org
    $0
    From related orgs
    $164,676
    Other
    $5,828
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,426 related
    Bonus
    $0
    Other
    $0 + $4,250 related
    Deferred
    $0 + $5,000 related
    Nontaxable benefits
    $0 + $828 related
    Filer's total
    $0 + $170,504 related

  • Paul Cherukuri

    Vice President

    Total calculated
    $254,110
    From this org
    $0
    From related orgs
    $194,530
    Other
    $59,580
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,530 related
    Bonus
    $0 + $36,000 related
    Other
    $0
    Deferred
    $0 + $31,798 related
    Nontaxable benefits
    $0 + $27,782 related
    Filer's total
    $0 + $254,110 related

  • Richard Zansitis

    Former Director

    Total calculated
    $260,925
    From this org
    $0
    From related orgs
    $225,368
    Other
    $35,557
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $212,011 related
    Bonus
    $0
    Other
    $0 + $13,357 related
    Deferred
    $0 + $20,240 related
    Nontaxable benefits
    $0 + $15,317 related
    Filer's total
    $0 + $260,925 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment
CERTAIN FORMER OFFICERS OF RELATED ORGANIZATION (WILLIAM MARSH RICE UNIVERSITY, EIN 74-1109620) RECEIVED A SEVERANCE PAYMENT FROM THE CHANGE IN PRESIDENTIAL LEADERSHIP AND A CHANGE IN THE PRESIDENT'S CABINET. KEVIN KIRBY ($546,180) AND KATHY COLLINS ($228,124) BOTH PAID IN CALENDAR YEAR 2022
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE FOLLOWING OFFICER(S), DIRECTOR(S), TRUSTEE(S), KEY EMPLOYEE(S) AND/OR HIGHEST COMPENSATED EMPLOYEES PARTICIPATED IN OR RECEIVED PAYMENT FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN IN CALENDAR YEAR 2022, SUBJECT TO SATISFYING VESTING CONDITIONS RELATED TO CONTINUING SERVICE TO THE UNIVERSITY. AWARD AMOUNTS THAT MAY OR MAY NOT HAVE VESTED ARE SHOWN BELOW. AMOUNTS THAT BECAME TAXABLE DURING THE YEAR DUE TO VESTING OR DISTRIBUTION ARE INCLUDED IN PART II, COLUMN B (III). ACCRUALS FOR AWARDS THAT HAVE NOT VESTED ARE INCLUDED IN THE AMOUNTS SHOWN IN PART II, COLUMN C. REGINALD DESROCHES: $140,000 CURRENT YEAR AWARD; $260,464 DISTRIBUTION OF CURRENT AND PRIOR YEAR AWARD LESS APPLICABLE MARKET LOSSES. ALL TAXABLE IN THE CURRENT YEAR. $20,000 ACCRUAL FOR AWARDS NOT YET VESTED. KEVIN KIRBY: $100,000 AWARD; $441,937 DISTRIBUTION OF CURRENT AND PRIOR YEAR AWARDS INCLUDING APPLICABLE MARKET GAINS AND LOSSES. $251,270 WAS TAXABLE IN THE CURRENT YEAR AND $190,667 WAS TAXABLE IN A PRIOR YEAR. KATHERINE COLLINS: $40,000 CURRENT YEAR AWARD; $75,956 DISTRIBUTION OF CURRENT AND PRIOR YEAR AWARD LESS APPLICABLE MARKET LOSSES. ALL TAXABLE IN THE CURRENT YEAR. AMY DITTMAR: $16,667 ACCRUAL FOR AWARDS NOT YET VESTED. KELLY FOX: $11,667 ACCRUAL FOR AWARDS NOT YET VESTED. PAUL CHERUKURI: $8,333 ACCRUAL FOR AWARDS NOT YET VESTED. OMAR SYED: $5,000 ACCRUAL FOR AWARDS NOT YET VESTED

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.

  • William Marsh Rice University

    501(c)(3) · University · TX

    Directly controlled by None

  • Rice Land Lumber Co

    501(c)(2) · Timber holding company · LA

    Directly controlled by William Marsh Rice University

  • RU Corporation

    501(c)(2) · Real estate title holding · TX

    Directly controlled by William Marsh Rice University

  • Rice Trust Inc

    501(c)(4) · Trust company · TX

    Directly controlled by William Marsh Rice University

  • Rice RE Holdings I

    501(c)(25) · Real estate title holding · TX

    Directly controlled by William Marsh Rice University

  • Rice RE Holdings II

    501(c)(25) · Real estate title holding · TX

    Directly controlled by William Marsh Rice University

  • Rice RE Holdings III

    501(c)(25) · Real estate title holding · TX

    Directly controlled by William Marsh Rice University

  • Rice RE Holdings IV

    501(c)(25) · Real estate title holding · TX

    Directly controlled by William Marsh Rice University

  • RICE 360 INSTITUTE FOR GLOBAL HEALTH

    501(c)(3) · Type 1 supporting organization · TX

    Directly controlled by William Marsh Rice University

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.

Related partnerships

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

  • WMR ACME I LLC

    Excluded · Real estate · DE

    Directly controlled by William Marsh Rice University

  • WMR ACME II LLC

    Excluded · Real estate · DE

    Directly controlled by William Marsh Rice University

  • WMR ACME III LLC

    Excluded · Real estate · DE

    Directly controlled by William Marsh Rice University

  • WMR Redcar I LLC

    Excluded · Real estate · DE

    Directly controlled by William Marsh Rice University

  • WMR Redcar II LLC

    Excluded · Real estate · DE

    Directly controlled by William Marsh Rice University

  • WMR Falcon Ridge LLC (final)

    Excluded · Real estate · DE

    Directly controlled by Willliam Marsh Rice University

  • WMRBNA II GP

    Excluded · Real estate · TN

    Directly controlled by William Marsh Rice University

  • WMRBNA Fund III Holdings LLC

    Excluded · Real estate · DE

    Directly controlled by William Marsh Rice University

  • WMRBNA Fund IV

    Excluded · Real estate · TN

    Directly controlled by William Marsh Rice University

  • WMR White Star LLC

    Excluded · Real estate · DE

    Directly controlled by WMR White Star Holdings LLC

  • WMR White Star II LLC

    Excluded · Real estate · DE

    Directly controlled by WMR White Star Holdings LLC

  • Amador R Partners LP

    Unrelated · Alternative investment · DE

    Directly controlled by William Marsh Rice University

  • LVA4 Co-Investment III LP

    Excluded · Alternative investment · DE

    Directly controlled by William Marsh Rice University

  • LVA5 Co-Investment III LP

    Excluded · Alternative investment · DE

    Directly controlled by William Marsh Rice University

  • Mercury Affiliates XV LLC

    Excluded · Alternative investment · DE

    Directly controlled by William Marsh Rice University

  • BOREALIS STRATEGIC CAPITAL PARTNERS MASTER FUND I LP

    Excluded · Alternative investment · CJ

    Directly controlled by Borealis Strategic Capital Partners Offshore Fund I LP

  • BOREALIS STRATEGIC CO-INVESTMENT FUND IP LP

    Excluded · Alternative investment · CJ

    Directly controlled by Borealis Strategic Co-Investment Fund IC LP

Related corporations and trusts

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

  • WMR White Star Holdings LLC

    C Corporation · Holding company · CJ

    Directly controlled by William Marsh Rice University

  • Borealis Strategic Capital Partners Offshore Fund I LP

    C Corporation · Alternative investment · CJ

    Directly controlled by William Marsh Rice University

  • Borealis Strategic Capital Partners Offshore Fund II LP

    C Corporation · Alternative investment · CJ

    Directly controlled by William Marsh Rice University

  • Borealis Strategic Co-Investment Fund IC LP

    C Corporation · Alternative investment · CJ

    Directly controlled by William Marsh Rice University

  • Rice Global Paris (fka Rice School of Architecture Paris)

    C Corporation · Education · FR

    Directly controlled by William Marsh Rice University

  • Charitable Remainder Trust (1)

    Trust · Support · CA

    Directly controlled by NA

  • Charitable Remainder Trusts (49)

    Trust · Support · TX

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202441319349301324

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