Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $149,095

• 1e · Government grants (contributions)

  $2,235,000

• 1f · All other contributions, gifts and grants

  $1,001,983

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

  total $30,586,523 · related or exempt $30,586,523

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

  total $9,068,535 · related or exempt $9,068,535

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

  total $546,079 · related or exempt $546,079

• 3 · Investment income

  total $1,611,536 · excluded $1,611,536

• 7a · Gross sales of assets other than inventory

  securities $141,716,000

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

  securities $154,649,980

• 7c · Gain or loss

  securities -$12,933,980

• 7d · Net gain or loss

  total -$12,933,980 · excluded -$12,933,980

• 8a · Fundraising events: gross income

  $46,625

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

  $149,095

• 8b · Fundraising events: direct expenses

  $34,964

• 8c · Net income from fundraising events

  total $11,661 · excluded $11,661

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $358,620 · program services $358,620

• 2 · Grants to domestic individuals

  total $37,503 · program services $37,503

• 5 · Compensation of officers, directors and key employees

  total $3,129,469 · program services $1,695,677 · management and general $1,304,913 · fundraising $128,879

• 7 · Other salaries and wages

  total $2,234,783 · program services $552,190 · management and general $1,119,793 · fundraising $562,800

• 8 · Pension plan contributions

  total $437,148 · program services $142,698 · management and general $260,772 · fundraising $33,678

• 9 · Other employee benefits

  total $994,932 · program services $427,035 · management and general $471,781 · fundraising $96,116

• 10 · Payroll taxes

  total $608,900 · program services $231,474 · management and general $330,702 · fundraising $46,724

• 11a · Fees: management

  total $10,012 · program services $10,012

• 11b · Fees: legal

  total $187,795 · program services $65,954 · management and general $121,841

• 11c · Fees: accounting

  total $147,003 · program services $5,989 · management and general $141,014

• 11d · Fees: lobbying

  total $90,000 · management and general $90,000

• 11f · Fees: investment management

  total $175,947 · management and general $175,947

• 11g · Fees: other

  total $2,053,736 · program services $1,032,339 · management and general $1,021,397

• 12 · Advertising and promotion

  total $210,029 · program services $4,570 · management and general $205,459

• 13 · Office expenses

  total $1,016,782 · program services $315,407 · management and general $701,375

• 16 · Occupancy

  total $4,486,848 · program services $3,966,503 · management and general $520,345

• 17 · Travel

  total $186,770 · program services $92,694 · management and general $94,076

• 20 · Interest

  total $839,298 · program services $836,058 · management and general $3,240

• 22 · Depreciation, depletion and amortization

  total $2,578,005 · program services $1,652,676 · management and general $925,329

• 23 · Insurance

  total $200,212 · program services $104,728 · management and general $95,484

• 24a · Other expenses: Miscellaneous

  total $36,470 · program services $15,047 · management and general $21,423

• 24b · Other expenses: Security

  total $18,472 · program services $18,472

• 24c · Other expenses: Other Taxes

  total $2,113 · program services $1,590 · management and general $523

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,762,786 · end of year $1,172,229

• 2 · Savings and temporary cash investments

  beginning of year $699,535 · end of year $1,926,897

• 4 · Accounts receivable

  beginning of year $1,844,846 · end of year $1,217,013

• 9 · Prepaid expenses and deferred charges

  beginning of year $48,480 · end of year $74,145

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

  $36,007,712

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

  $15,665,885

• 10c · Land, buildings and equipment, net

  beginning of year $20,760,704 · end of year $20,341,827

• 11 · Investments: publicly traded securities

  beginning of year $62,795,974 · end of year $70,058,018

• 12 · Investments: other securities

  beginning of year $8,165,372 · end of year $18,323,736

• 13 · Investments: program-related

  beginning of year $5,019,411 · end of year $2,467,636

• 15 · Other assets

  beginning of year $8,703,512 · end of year $13,733,488

• 17 · Accounts payable and accrued expenses

  beginning of year $2,853,022 · end of year $3,677,594

• 19 · Deferred revenue

  beginning of year $943,805 · end of year $343,860

• 23 · Secured mortgages and notes payable

  beginning of year $19,141,614 · end of year $17,877,383

• 24 · Unsecured notes and loans payable

  end of year $986,025

• 25 · Other liabilities

  beginning of year $4,824,975 · end of year $9,563,840

• 27 · Net assets without donor restrictions

  beginning of year $82,848,204 · end of year $96,585,287

• 28 · Net assets with donor restrictions

  beginning of year $189,000 · end of year $281,000

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.

Part I, Line 4a

A lump sum severance was paid to Aron Starosta in the amount of $100,000.

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 · income $0 · assets $0

  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 $165,047

  Directly controlled by University City Science Center

• Phase I Ventures LLC

  Related · Technology Accelerator · PA · 43.93% owned · share of income $2,306 · share of assets $1,964,254 · 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 · share of assets $1,850,703

  Directly controlled by University City Science Center

• Research Park Inc

  C · Services - Real Estate Mgmt · PA · 100% owned · share of income -$144,953 · share of assets $765,553

  Directly controlled by University City Science Center

• SCEC Ventures Inc

  C · Property Development · PA · 100% owned · share of income -$232,402 · share of assets $1,376,442

  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