2025-05-09T13:18:52-05:00 2024-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1029 GREENE STREET AUGUSTA GA 30901 990 2023-07-01 581418202 AUGUSTA UNIVERSITY RESEARCH INSTITUTE INC AUGU 7067212592 1120 15TH STREET AUGUSTA GA 30912 CHRIS MCKINNEY INTERIM EXECUTIVE DIRECTOR 7067212592 2025-05-09 1 1 ELIZABETH MORRISON P00231389 7067243557 2023 2025-03-06 01:10:19Z CHRIS MCKINNEY 1120 15TH STREET AUGUSTA GA 30912 95404496 0 X WWW.AUGUSTA.EDU/RESEARCH/EXPLORE/SPA/ABOUT-AURI.P X 1980 GA TO OBTAIN FUNDS FOR AUGUSTA UNIVERSITY (AU) FOR RESEARCH, DEVELOPMENT, AND OTHER PROGRAMS. 9 1 0 0 0 0 84263029 94621065 403598 15737 285665 205628 444192 334863 85396484 95177293 79335239 89475939 0 0 0 0 0 0 0 4036245 8503431 83371484 97979370 2025000 -2802077 25123090 27613810 8046995 12870118 17076095 14743692 X AUGUSTA UNIVERSITY RESEARCH INSTITUTE, INC. (THE "INSTITUTE") WAS INCORPORATED UNDER THE LAWS OF THE STATE OF GEORGIA AS A NONPROFIT CORPORATION ON JULY 31, 1980. THE INSTITUTE QUALIFIED AS A TAX-EXEMPT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PURPOSE OF THE INSTITUTE IS TO SERVE AUGUSTA UNIVERSITY (THE "UNIVERSITY") AND ENHANCE ITS EXCELLENCE AS A RESEARCH INSTITUTION. THE INSTITUTE CONTRIBUTES TO THE RESEARCH FUNCTION OF THE UNIVERSITY BY SECURING GIFTS, CONTRIBUTIONS, AND GRANTS FROM OBTAINING CONTRACTS WITH SUCH INDIVIDUALS OR ENTITIES FOR THE PERFORMANCE OF SPONSORED RESEARCH, DEVELOPMENT, OR OTHER PROGRAMS IN THE VARIOUS UNIVERSITY SCHOOLS, DEPARTMENTS, AND OTHER UNITS WITHIN THE AU ENTERPRISE. 0 0 97741918 89475939 222543 ALL RESEARCH GRANTS AND CONTRACTS AWARDED TO THE RESEARCH INSTITUTE ARE SUBCONTRACTED TO AUGUSTA UNIVERSITY (AU). STAFF AND FACULTY AT AU RECEIVE THESE AND ADDITIONAL INSTITUTE FUNDS FOR RESEARCH TRAINING, INSTRUCTION, SERVICE, OR OTHER PURPOSES RELATED TO AU MISSIONS. 97741918 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 43 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X CHRIS MCKINNEY 7067217075 AUGUSTA UNIVERSITY 1120 15TH STREET AUGUSTA GA 30912 DR BROOKS KEEL CHAIR PRESIDENT, EX-OFFICIO VOTING 1.00 39.00 X X 0 903698 343958 DR MICHAEL DIAMOND VICE CHAIR, EX-OFFICIO VOTING 1.00 39.00 X X 0 457511 43208 DR DUSTIN AVENT-HOLT PROFESSOR, VOTING 1.00 39.00 X 0 73611 35198 DRRICK RICHARDS CHAIRMAN, VOTING 1.00 39.00 X X 0 0 0 DR NEIL MACKINNON TREASURER, EX-OFFICIO, VOTING 1.00 39.00 X X 0 409646 80524 DR RUDOLF LUCAS PROFESSOR, VOTING 1.00 39.00 X 0 141253 32166 DR JORGE CORTES SECRETARY, VOTING 1.00 39.00 X X 0 662166 48613 DR ANDREW BALAS PROFESSOR, VOTING 1.00 39.00 X 0 179150 22612 DR LORI BOLGLA PROFESSOR - VOTING 1.00 39.00 X 0 115580 16855 MR JASON GUILBEAULT EX-OFFICIO - NON VOTING 1.00 39.00 X 0 200559 52110 DR WENDY BOLLAG FORMER VOTING MEMBER 1.00 39.00 X 0 136054 12773 DR MANUELA BARTOLI FORMER VOTING MEMBER 1.00 39.00 X 0 187464 29264 DR DAVID MATTSON FORMER VOTING MEMBER 1.00 39.00 X 0 309337 41740 0 3776029 759021 0 1 1 0 PABST PATENT GROUP LLC 1355 PEACHTREE STREET NE SUITE 800 ATLANTA GA 303093592 LEGAL 472031 SMITH GAMBRELL & RUSSELL LLP 1230 PEACHTREE ST NE STE 3100 ATLANTA GA 303093592 LEGAL 186576 CORNERSTONE GOVERNMENT AFFAIRS 300 INDEPENDENCE AVE SE WASHINGTON DC 20003 CONSULTING 180000 3 81410075 13210990 94621065 INCOME FROM SUBCONTRACT WITH AU 541900 15737 15737 15737 431631 431631 206806 206806 126768 1200 125568 125568 125568 226003 -226003 -226003 -226003 2489 2489 2489 95177293 222543 0 333685 89475939 89475939 15054 15054 42225 42225 5651 5651 1500 1500 2600 2600 6293 6293 12042 12042 7809 7809 AU SUPPORT RESEARCH SUB 7092702 7092702 TECHNOLOGY TRANSFER OPE 1173277 1173277 PERSONNEL EXPENSE 93749 93749 SUPPLIES AND EQUIPMENT 50529 50529 97979370 97741918 237452 0 11055720 10274341 1996177 2106964 7442489 10241673 4576177 4951570 52527 39262 25123090 27613810 61306 74829 7682925 12510540 302764 284749 8046995 12870118 X 17006122 14673719 69973 69973 17076095 14743692 25123090 27613810 -2802077 469674 0 X X 0 1 X 1 1 1 X 66144266 77022959 79210374 84263029 94621065 401261693 66144266 77022959 79210374 84263029 94621065 401261693 401261693 218187 236251 193305 352401 560888 1561032 402822725 2601134 0.99610 0.99670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 OTHER LIABILITIES 23379 DUE TO AUGUSTA UNIVERSITY 261370 284749 95642516 469674 469674 95172842 5651 -1200 4451 95177293 97974919 1200 1200 97973719 5651 5651 97979370 PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE NETTED AGAINST RENTAL INCOME -1,200. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE NETTED AGAINST RENTAL INCOME 1,200. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES REVENUE 281047 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES REVENUE 1170307 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES REVENUE 48678 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES REVENUE 29682 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 PROGRAM SERVICES REVENUE 1798 0 0 0 0 0 0 1531512 0 1531512 0 0 0 0 0 0 1 AUGUSTA UNIVERSITY 1120 15TH STREET AUGUSTA GA 30912 586002053 GOVERNMENT 89475939 0 PROVIDE FUNDING FOR SPECIAL RESEARCH INITIATIVES AND PROVIDE SUPPORT OF CAPITAL OUTLAY PROJECTS, SCHOLARSHIPS, AND OTHER SUPPORTING ACTIVITIES. 1 0 PART I, LINE 2: THE ORGANIZATION HAS DESIGNED AND IMPLEMENTED INTERNAL CONTROLS OVER COMPLIANCE WITH GRANTS AND CONTRACTS REQUIREMENTS. THE ORGANIZATION IS ALSO SUBJECT TO AN ANNUAL OMB UNIFORM GRANT GUIDANCE AUDIT, AS WELL AS SEFA, WHICH TESTS THE ORGANIZATION'S INTERNAL CONTROLS OVER COMPLIANCE FOR FEDERAL GRANT COMPLIANCE REQUIREMENTS. ALL GRANTS RECEIVED BY AUGUSTA UNIVERSITY RESEARCH INSTITUTE, INC. ARE SUBCONTRACTED TO AUGUSTA UNIVERSITY. 0 1 0 0 0 0 0 0 0 DR BROOKS KEEL CHAIR PRESIDENT, EX-OFFICIO VOTING 0 859398 0 1000 0 43300 0 330492 0 13466 0 1247656 0 0 DR JORGE CORTES SECRETARY, VOTING 0 649217 0 12949 0 0 0 30492 0 18121 0 710779 0 0 DR MICHAEL DIAMOND VICE CHAIR, EX-OFFICIO VOTING 0 456511 0 1000 0 0 0 30492 0 12716 0 500719 0 0 DR NEIL MACKINNON TREASURER, EX-OFFICIO, VOTING 0 408646 0 1000 0 0 0 62403 0 18121 0 490170 0 0 DR DAVID MATTSON FORMER VOTING MEMBER 0 293703 0 15634 0 0 0 28274 0 13466 0 351077 0 0 MR JASON GUILBEAULT EX-OFFICIO - NON VOTING 0 199559 0 1000 0 0 0 41159 0 10951 0 252669 0 0 DR MANUELA BARTOLI FORMER VOTING MEMBER 0 171464 0 16000 0 0 0 16521 0 12743 0 216728 0 0 DR ANDREW BALAS PROFESSOR, VOTING 0 172150 0 1000 0 6000 0 16262 0 6350 0 201762 0 0 DR RUDOLF LUCAS PROFESSOR, VOTING 0 140253 0 1000 0 0 0 14045 0 18121 0 173419 0 0 DR WENDY BOLLAG FORMER VOTING MEMBER 0 125054 0 1000 0 10000 0 12577 0 196 0 148827 0 0 PART I, LINE 4B THE COMPENSATION REPORTED IN SCHEDULE J, PART II COLUMN C INCLUDES DEFERRED COMPENSATION PAID BY AUGUSTA UNIVERSITY AS PART OF A 457(F) DEFERRED COMPENSATION PLAN. SCHEDULE J, PART III: AUGUSTA UNIVERSITY RESEARCH INSTITUTE (AURI) HAS NO EMPLOYEES. OFFICERS OF AURI ARE EMPLOYED BY AUGUSTA UNIVERSITY, OR ARE OUTSIDE UNPAID COMMUNITY MEMBERS, AND ARE COMPENSATED FOR THE ROLE PERFORMED FOR AUGUSTA UNIVERSITY IF THEY ARE EMPLOYEES. OFFICERS OF AURI ARE ALSO OFFICERS OF AUGUSTA UNIVERSITY WHICH IS THE SUBCONTRACTOR ON ALL SPONSORED PROGRAM FUNDING RECEIVED BY AURI. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF AUGUSTA UNIVERSITY RESEARCH INSTITUTE IS EMPOWERED BY THE BYLAWS OF THE CORPORATION TO EXERCISE ALL THE POWERS OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE AFFAIRS OF THE ORGANIZATION EXCEPT FOR AMENDMENTS TO THE ARTICLES OF INCORPORATION AND THE BYLAWS, WHICH MUST BE CONSIDERED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A ALL OF THE BUSINESS AND AFFAIRS OF THE CORPORATION ARE REPORTED TO THE BOARD OF DIRECTORS NAMED OR ELECTED PURSUANT TO THE ARTICLES OF INCORPORATION. EACH VOTING DIRECTOR MAY VOTE ON ANY QUESTION BEFORE THE BOARD. THE BOARD OF DIRECTORS SHALL CONSIST OF NINE (9) VOTING MEMBERS SELECTED AS FOLLOWS: (A) THE PRESIDENT OF AUGUSTA UNIVERSITY SHALL SERVE AS CHAIR OF THE BOARD AND IS AN EX-OFFICIO VOTING MEMBER; (B) THE UNIVERSITY'S SENIOR VICE-PRESIDENT FOR RESEARCH SHALL SERVE AS THE VICE CHAIR, AND IS AN EX-OFFICIO VOTING MEMBER; (C) THE UNIVERSITY'S EXECUTIVE VICE PRESIDENT FOR ACADEMIC AFFAIRS AND PROVOST, EX-OFFICIO, VOTING; (D) THE UNIVERSITY'S ASSOCIATE VICE PRESIDENT FOR RESEARCH ADMINISTRATION ALSO SERVES AS THE EXECUTIVE DIRECTOR OF AURI AND IS AN EX-OFFICIO, NON-VOTING MEMBER AND IS A MEMBER OF ALL COMMITTEES, STANDING OR OTHERWISE; (E) THE UNIVERSITY'S PRESIDENT SELECTS THREE ADDITIONAL VOTING MEMBERS EX-OFFICIO WITH EVIDENCE OF A STRONG COMMITMENT TO RESEARCH; (F) THE UNIVERSITY FACULTY SENATE SELECTS THREE ADDITIONAL VOTING MEMBERS TWO OF WHICH ARE INVOLVED IN RESEARCH. THE SENATE SELECTED MEMBERS DO NOT HAVE TO BE FROM THE SAME COLLEGE. THE OFFICERS OF THE RESEARCH INSTITUTE CONSIST OF A CHAIR OF THE BOARD, VICE CHAIR, AN EXECUTIVE DIRECTOR, A SECRETARY, AND A TREASURER. THE BOARD MAY ELECT AT ITS DISCRETION ONE OR MORE ASSISTANT SECRETARIES AND ASSISTANT TREASURERS. ONE PERSON MAY BE ELECTED TO HOLD TWO OFFICES, EXCEPT THAT THE SAME PERSON MAY NOT BE BOTH CHAIR AND SECRETARY. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE AND AUDIT COMMITTEE REVIEW THE RETURN AND AN ELECTRONIC COPY OF FORM 990 IS PROVIDED TO THE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE GOVERNING BODY RECUSE THEMSELVES FROM DISCUSSIONS AND VOTING ON MATTERS INVOLVING BUSINESSES WITH WHICH THEY ARE ASSOCIATED. ADDITIONALLY, PERIODIC BOARD MEETINGS INCLUDE REVIEW OF BOARD MEMBERS' RESPONSIBILITIES AND THE NEED TO DISCLOSE ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 NO MEMBER OF THE BOARD OF DIRECTORS RECEIVES COMPENSATION FROM THE RESEARCH INSTITUTE FOR SERVICES PERFORMED BY SAID MEMBER IN HIS OR HER CAPACITY AS DIRECTOR, EXCEPT FOR THE EXECUTIVE DIRECTOR OF THE RESEARCH INSTITUTE. THE EXECUTIVE DIRECTOR MAY BE REIMBURSED BY THE RESEARCH INSTITUTE FOR HIS/HER REASONABLE EXPENSES ACTUALLY AND NECESSARILY INCURRED BY HIM/HER IN THE PERFORMANCE OF THEIR OFFICIAL DUTIES AS EXECUTIVE DIRECTOR. ALL ARE COMPENSATED BY AUGUSTA UNIVERSITY, COMPENSATION FOR THE BOARD MEMBERS IS CONSISTENT WITH PREVAILING WAGES FOR THE RESPONSIBILITIES, AND DUE DELIBERATION IS UNDERTAKEN AS PART OF THE REQUIREMENTS OF THE UNIVERSITY SYSTEM OF GEORGIA. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PAGE 12, PART XII, LINE 2C AUGUSTA UNIVERSITY RESEARCH INSTITUTE, INC.'S (AURI) FINANCIAL AND AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND FOR SELECTION OF INDEPENDENT ACCOUNTANTS. APPOINTED BY THE BOARD OF DIRECTORS, THE FINANCE AND AUDIT COMMITTEE CONSISTS OF THE VICE CHAIR OF THE BOARD, THE TREASURER OF THE BOARD, AND ONE OTHER MEMBER OF THE BOARD, ONE OF WHOM IS DESIGNATED BY THE BOARD TO SERVE AS CHAIR FOR A THREE-YEAR TERM. ADDITIONALLY, THE EXECUTIVE DIRECTOR OF AUGUSTA UNIVERSITY RESEARCH INSTITUTE SERVES AS EX-OFFICIO, NON-VOTING MEMBER OF THE FINANCE COMMITTEE. THE FINANCE COMMITTEE REVIEWS AND MAKES RECOMMENDATIONS TO THE BOARD ON ANY AND ALL MATTERS RELATED TO THE FISCAL AFFAIRS OF THE CORPORATION. MEETINGS OF THE FINANCE AND AUDIT COMMITTEE ARE HELD UPON THE CALL OF THE CHAIR OF THE BOARD, THE CHAIR OF THE FINANCE COMMITTEE, OR UPON CALL OF ANY THREE VOTING MEMBERS OF THE FINANCE COMMITTEE UPON NO LESS THAN THREE DAYS WRITTEN NOTICE. A MAJORITY OF THE VOTING MEMBERS OF THE COMMITTEE CONSTITUTES A QUORUM. MINUTES OF THE MEETINGS OF THE FINANCE COMMITTEE ARE KEPT AND ARE REPORTED TO THE EXECUTIVE COMMITTEE OF AURI AND TO ITS BOARD OF DIRECTORS AT THEIR NEXT RESPECTIVE MEETINGS. FORM 990, PAGE 2 MISSION STATEMENT CONTINUED: IN A MEMORANDUM OF UNDERSTANDING ("MOU") DATED APRIL 1, 1981, THE BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA AUTHORIZED THE INSTITUTE TO SERVE AS THE OFFICIAL GRANTEE FOR ALL CONTRACTS, GRANTS, AND GIFTS FOR THE CONDUCT OF SPONSORED RESEARCH AT THE UNIVERSITY. THE MOU ALSO ASSIGNED ALL INTELLECTUAL PROPERTY DEVELOPED THROUGH THE RESEARCH PROGRAMS OR BY THE UNIVERSITY PERSONNEL TO THE INSTITUTE. IN ADDITION, THE INSTITUTE IS THE ADMINISTRATIVE ORGANIZATION FOR EMPLOYEE-RELATED DISCOVERIES, INNOVATIONS, INVENTIONS, PATENTS, AND COPYRIGHTS. THE ONGOING OBJECTIVE OF THE INSTITUTE IS TO PROVIDE SERVICES TO THE UNIVERSITY AND, THROUGH THOSE SERVICES, TO ENHANCE THE UNIVERSITY'S PROGRAMS AND GOALS AS A RESEARCH INSTITUTION. AUGUSTA UNIVERSITY 1120 15TH STREET AUGUSTA GA 30912 586002053 INSTITUTION OF HIGHER EDUCATION AND RESEARCH UNIVERSITY GA GOVERNMENT 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 AUGUSTA UNIVERSITY B 89475939 AUDITED FINANCIAL STATEMENT AUGUSTA UNIVERSITY D 284749 AUDITED FINANCIAL STATEMENT AUGUSTA UNIVERSITY P 444937 AUDITED FINANCIAL STATEMENT