2022-10-06T12:39:06-05:00 2021-12-31 871353108 Eisner Advisory Group LLC 130 North 18th Street Suite 3000 Philadelphia PA 191032757 990 2021-01-01 231645908 University City Science Center UNIV 2159666000 3675 Market Street Suite 400 Philadelphia PA 19104 Tiffany Wilson President and CEO 2159666000 2022-10-05 1 Tiffany Wilson 999009999 HELEN M MARTIN P01330899 2158818800 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z Tiffany Wilson 3675 Market Street Suite 400 Philadelphia PA 19104 155428275 0 X www.sciencecenter.org X 1963 PA To power progress that advances healthcare innovation, uplifts communities, and improves lives. 23 22 90 500 0 0 3288793 2314296 15924919 12985889 2461658 50994395 10835 11266 21686205 66305846 560454 812800 0 0 6715778 7042589 0 0 751622 14197995 12647024 21474227 20502413 211978 45803433 94661430 110800620 54381825 27763416 40279605 83037204 X At the Science Center our mission is to commercialize promising technology, cultivate talent and convene people to inspire action. Our programs serve to catalyze, grow and build the ecosystem in the Greater Philadelphia Region. 0 0 8446361 10475900 Urban Research ParkSee Detail Schedule O Narrative 2781281 481282 ConveneSee Detail Schedule O Narrative 1803582 812800 2028707 CommercializationSee Detail Schedule O Narrative 13031224 1 1 0 1 0 0 0 0 0 1 1 1 0 1 1 1 0 1 0 1 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 1 90 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 22 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI DC X Lorraine LoPresti CFO 2159666000 3675 Market Street Suite 400 Philadelphia PA 19104 Saul Behar SVP, GC & Strategic Initiatives 40.00 X 330404 36712 63072 Tracy Brala SVP, Strategy & Partnerships 40.00 X 341399 0 63921 Tiffany Wilson President and CEO 40.00 X X 373887 0 22013 Curtis Hess Senior Vice President, Real Estate 10.00 30.00 X 79326 237979 52740 Lorraine Lopresti CFO 20.00 20.00 X 223441 95760 40360 Aron Starosta VP, Commercialization 40.00 X 275184 0 33058 Eamon Gallagher Sr. Director, Commercialization 40.00 X 172753 0 48226 Kristy Traylor Sr. Director, Human Resources 40.00 X 81221 81220 38662 Clayton Moravec III Senior Director Accounting 20.00 20.00 X 73524 81263 38675 Nicholas Hahn Director of IT 32.00 8.00 X 121061 30265 35627 Heath Naquin VP, Government & Capital 40.00 X 147916 0 12955 Michael A DiPiano Board Chair 1.00 X X 0 0 0 Craig R Carnaroli Vice Chair 1.00 X X 0 0 0 Jane H Hollingsworth Vice Chair 1.00 X X 0 0 0 Kerry Benson Board Member 0.30 X 0 0 0 Kenneth J Blank PhD Board Member 0.30 X 0 0 0 Dawn A Bonnell PhD Board Member 0.30 X 0 0 0 Christopher M Cashman Board Member 0.30 X 0 0 0 Yi Deng Board Member 0.30 X 0 0 0 Ernest J Dianastasis Board Member 0.30 X 0 0 0 Christian Eusemann PhD Board Member (eff 6/21) 0.30 X 0 0 0 Pat Harker Board Member 0.30 X 0 0 0 Kisha Hortman Hawthorne PhD Board Member (eff 6/21) 0.30 X 0 0 0 J Larry Jameson MD PhD Board Member 0.30 X 0 0 0 Carl Kopfinger Board Member 1.00 X 0 0 0 William J Marrazzo Board Member 0.30 X 0 0 0 Michele Masucci PhD Board Member 1.00 X 0 0 0 William Mezzanotte Board Member 0.30 X 0 0 0 Aleister Saunders Board Member 0.30 X 0 0 0 Kathleen M Shay Board Member 1.00 X 0 0 0 Richard Vague Board Member 0.30 X 0 0 0 Tara L Weiner Board Member 1.00 X 0 0 0 Stephen T Zarrilli Board Member 0.30 X 0 0 0 David R King Board Member (thru 6/21) 0.30 X 0 0 0 David Pacitti Board Member (thru 6/21) 0.30 X 0 0 0 Thomas J Todorow Board Member (thru 6/21) 0.30 X 0 0 0 2220116 563199 449309 19 0 1 0 GDI Services Inc 780 5th Ave Ste 115 King of Prussia PA 19406 Janitorial Services 442568 Flatiron Building Company 5189-91 Ridge Avenue Philadelphia PA 19128 Construction Services 292951 Herman Goldner Co Inc 7777 Brewster Avenue Philadelphia PA 19153 Construction Services 153048 Allied Universal Security Services 161 Washington St Ste 600 Conshohocken PA 19428 Security Services 141754 EisnerAmper LLP 773 Third Avenue New York NY 100172703 Audit and financial services 134300 7 161613 1073615 1079068 2314296 Rental Income From Exe 532000 10475890 10475890 Equity in Joint Ventur 531390 1714847 1714847 Business & Community N 541900 481292 481292 Science and Technology 541900 313860 313860 12985889 1316653 1316653 59262000 79500000 53838829 35245429 5423171 44254571 49677742 49677742 49437 161613 38171 11266 11266 66305846 12985889 0 51005661 812800 812800 1678722 697793 789587 191342 3683290 1481535 1755174 446581 220286 84593 117720 17973 931836 384303 494043 53490 528455 221821 264398 42236 267880 267880 93972 1750 92222 126849 3699 123150 79000 79000 1480913 464510 1016403 83389 5339 78050 594309 222358 371951 5022382 4544821 477561 66349 27260 39089 1474154 1467766 6388 2702363 1833981 868382 243060 138635 104425 Security 228326 228326 Other Taxes 109266 118535 -9269 Miscellaneous 74812 23519 51293 20502413 13031224 6719567 751622 3869009 2762786 1549261 699535 1761234 1844846 188202 48480 47966812 27206108 22167426 20760704 14624682 62795974 5833751 8165372 5060325 5019411 39607540 8703512 94661430 110800620 5174813 2853022 1106155 943805 42554620 19141614 100000 5446237 4824975 54381825 27763416 X 39507105 82848204 772500 189000 40279605 83037204 94661430 110800620 45803433 -3045834 0 X X 0 1 X 1 0 X 1342285 5539084 1396074 3288793 2314296 13880532 22565755 21180764 15273167 15924919 12985889 87930494 23908040 26719848 16669241 19213712 15300185 101811026 0 13066628 14940196 8380570 8715929 6777843 51881166 13066628 14940196 8380570 8715929 6777843 51881166 49929860 163963 193581 2759123 1712028 1316653 6145348 163963 193581 2759123 1712028 1316653 6145348 10835 11266 22101 24072003 26913429 19428364 20936575 16628104 107978475 0.46240 0.43870 0.05690 0.04290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 79000 79000 0 Part II-B, Line 1: The University City Science Center utilized the services of consultants to assist in the procurement of public sector funding to support its programs and capital projects. The consultants positioned UCSC to receive funding, primarily through direct grants. 234016 51 234067 294528 1488 62000 234016 272898 21630 294528 284915 -12017 272898 247385 37530 284915 1.00000 0.00000 0.00000 0 0 5044951 5044951 37080845 22594722 14486123 5841016 4611386 1229630 20760704 Invested Cash 8004296 F Alternative Investments 161076 F 8165372 Deferred Rent 449426 Other Deferred Costs, Net 401850 Planning and Development 100205 Due From Related Party 7752031 8703512 Deposits & Other Current Liabilities 368541 Deferred Rent 4448267 Deferred Fellowship Fund 8167 4824975 X Part V, Line 4: The Esther M. Klein Endowment Fund supports Klein Gallery (EKG) operations, in an effort to promote art and science to the surrounding Philadelphia community. Part X, Line 2: The Science Center is a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code, although its consolidated entities, the Park, PTI, P1V, and SCEC, are for profit entities which are subject to income taxes. During each of the years ended December 31, 2021 and 2020, total federal and state income tax expense from the consolidated entities was $-0. U.S. GAAP requires management to evaluate tax positions taken and recognize a tax liability, if the Center has taken an uncertain tax position that more likely than not would not be sustained upon examination by a government authority. Management has analyzed the tax positions taken by the Center, and has concluded that as of December 31, 2021 or 2020, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the consolidated financial statements. The Center would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. There were no income tax related interest and penalties recorded for each of the years ended December 31, 2021 or 2020. Middle East and North Africa 1 1 Program Services Program Operations 42302 Europe (Including Iceland & Greenland) 1 1 Program Services Program Operations 6700 2 2 0 0 2 2 49002 0 49002 0 0 0 0 0 0 Part III Accounting Method: Nucleus 211050 161613 49437 19569 9413 9189 211050 161613 49437 19569 9413 9189 38171 11266 1 The Pennslyvania State University PO Box 850 500 University Drive Hershey PA 17033 246000376 501(c) (3) 200000 0 Proof of concept funding University of Delaware 220 Hullihen Hall Newark DE 19716 516000297 501(c) (3) 94000 0 Proof of concept funding University of Pittsburgh 500 Ross St Pittsburgh PA 15262 250965591 501(c) (3) 94000 0 Proof of concept funding Rowan University 201 Mullica Hill Glassboro NJ 08028 222764819 501(c) (3) 200000 0 Proof of concept funding Temple University 1938 Liacouras Walk Philadelphia PA 19122 231365971 501(c) (3) 200000 0 Proof of concept funding 5 0 Part I, Line 2: Grant award documentation and applicable laws are reviewed to ensure compliance with the terms and conditions of the award. In instances where the Science Center grants sub-awards, the Science Center reserves the right to request proof of expenditure as well as supporting documentation to substantiate expenses from the sub-recipient. Reporting requirements are coordinated with all appropriate organizational staff, with oversight provided by executive staff members. Upon termination of the award, all required close out materials are submitted. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 Saul Behar SVP, GC & Strategic Initiatives 245173 36712 85231 0 0 0 14500 0 48572 0 393476 36712 0 0 Tracy Brala SVP, Strategy & Partnerships 252572 0 88827 0 0 0 14500 0 49421 0 405320 0 0 0 Tiffany Wilson President and CEO 347637 0 26250 0 0 0 0 0 22013 0 395900 0 0 0 Curtis Hess Senior Vice President, Real Estate 55495 166485 23831 71494 0 0 3625 10875 10875 27365 93826 276219 0 0 Lorraine Lopresti CFO 161058 69025 62383 26735 0 0 10150 4350 18102 7758 251693 107868 0 0 Aron Starosta VP, Commercialization 275184 0 0 0 0 0 0 0 33058 0 308242 0 0 0 Eamon Gallagher Sr. Director, Commercialization 152915 0 19838 0 0 0 8981 0 39245 0 220979 0 0 0 Kristy Traylor Sr. Director, Human Resources 66379 66378 14842 14842 0 0 4163 4163 15168 15168 100552 100551 0 0 Clayton Moravec III Senior Director Accounting 65056 71904 8468 9359 0 0 3803 4203 14568 16101 91895 101567 0 0 Nicholas Hahn Director of IT 109862 27465 11199 2800 0 0 6164 1541 22338 5584 149563 37390 0 0 Heath Naquin VP, Government & Capital 147916 0 0 0 0 0 0 0 12955 0 160871 0 0 0 Part I, Line 1a 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. Form 990, Part III, Line 4a, Program Service Accomplishments Urban Research Park: In 1963 the Science Center was built on the foundation of real estate at a time when labs and research facilities were needed for cross disciplinary and cross-institutional collaborations. Our focus on providing researchers and entrepreneurs with the resources to advance the commercialization of their technologies hasn't changed over the last 60 years. The way we serve them has evolved with the changing needs of the ecosystem and now includes and integrated combination of physical space and programs to advance science and tech innovation. Today, the campus-like complex consists of six buildings spanning 888,000 square feet of office and laboratory space. These buildings are part of the larger uCity Square campus developed in partnership with Wexford Science + Technology and Ventas, Inc. uCity Square consists of 27 acres, 17 buildings, 200 companies and over 10,000 people. Form 990, Part III, Line 4b, Program Service Accomplishments Convene: Convene programs galvanize and amplify an inclusive innovation community. Quorum: Quorum serves as a central, neutral gathering space for the Greater Philadelphia's innovation community, offering a three-pronged approach to convening: a free 5,000 square foot drop-in lounge serving as an open workspace and informal meeting location; signature programming designed to connect innovators with the resources and people needed to grow their business; and a 10,000 square foot meeting facility available to rent. In 2021, Quorum attracted over 6,000 participants at in-person and virtual programs designed to continue connecting the community despite the pandemic. Since Quorum's inception in 2011, over 180,000 visitors have joined over 2,000 events on a wide array of business-related and personal topics. Venture Cafe Philadelphia: Part of the Venture Cafe Global Network in 11 cities around the world, Venture Cafe Philadelphia offers a place and content designed to connect with all the makers, doers and thought leaders across the region through unique content. The weekly events regularly draw a diverse group. In 2021 Venture Cafe attracted close to 8,000 participants through its mostly virtual Thursday Gatherings. Art: The Science Center uses the creative arts as a platform to explore relationships between art, science and technology, featuring 113 artists from around the globe, in 2021 alone. And the BioArt Residency invites artists into the labs of uCity Square-based companies to explore the intersection of science and art and work alongside researchers. Form 990, Part III, Line 4c, Program Service Accomplishments Commercialization: Science Center commercialization activities are designed to offer startups the right help at the right time to accelerate and scale healthcare and tech businesses. In 2021, the Science Center supported 235 startups, more than double the number from the year before, and invested $300,000. 54% of the startups were minority founded, 57% had a foreign-born founder, and 41% were led by female founders. OnRamp Led by a rotating Founder-in-Residence, OnRamp is designed for aspiring entrepreneurs and founders hoping to launch their businesses. This free cohort-based 10-week program launched in 2021 is for aspiring entrepreneurs with an idea and the drive, but without previous startup experience. OnRamp is an open enrollment engagement for participants to apply on a cohort-basis. In its first year, Venture Cafe supported 110 emerging founders across three cohorts. QED Proof-of-Concept Program: The QED Program solicits life science R&D project proposals from leading research centers across PA, NJ, and DE. The key goal of the program is to retire the business risk in these early-stage projects, increasing their attractiveness to follow-on investment by life science companies and private investors. In 2021, the Science Center supported 15 projects through the QED program with three projects receiving a total of $600,000 in funding which is provided equally from the Science Center and the finalist's host institution. Since its inception in 2009, the QED program has provided development services for over 150 academic researchers with over $8M invested in 47 projects. Fourteen startups or licensing deals have resulted. ic@3401: ic@3401 is a vetted community of startups, experts, investors, and resources designed to help early-stage business scale. Located at the intersection of academic, business & civic interest and serving as the hub for all Science Center commercialization activity, ic@3401 helps tech and tech-enabled startups pilot prototypes, get first revenue, establish corporate partnerships, hire talent, and raise capital. ic@3401 supported 114 members companies in 2021. Launch Lane Accelerator: The Launch Lane Accelerator (fka Digital Health Accelerator) supports tech-enabled startups with a prototype and ready to transition to sales. Launch Lane utilizes an anonymous application method designed to debias the selection process that has resulted in over 50% of participants being women or minority founded. Launch Lane participants receive funding, mentorship, introductions, and workspace at ic@3401. In 2021, the Science Center ran a Launch Lane cohort, investing $300,000 in eight startups. A total of 35 companies have gone through the Launch Lane accelerator since 2015. Global Soft Landing: Our Global Soft Landing Program enable companies to form meaningful relationships with stakeholders and establish a presence in domestic and international life sciences and technology markets. In 2021, the Science Center set its sights on the robust healthcare technology ecosystem in Israel. Through partnerships with leading Israeli organizations, healthcare systems, technology hubs, and government entities the Science Center is cultivating top Israeli health technology startups for commercialization in the US. Sourcing Innovation: The Science Center connects industry and government to researchers through a mechanism that channels research partnership funds in exchange for an opportunity to license or partner with the researchers behind high-value technologies. Examples include the Science Center's participation in the DRIVe Accelerator Network, an initiative of the US Department of Health and Human Services' Biomedical Advanced Research and Development Authority (BARDA) that seeks to identify the most innovative products and technologies to protect Americans from the most serious systemic, natural and intentional health security threats. CULTIVATE: Programs introduce students and adults to STEM careers to through hands-on, industry-informed curriculum and workforce training. FirstHand STEM Education: FirstHand offers free year-round, project-based learning in partnership with local schools and community organizations, designed to provide skills-based career exposure. The FirstHand Lab is a connector for students from surrounding neighborhoods to the thriving entrepreneurial and innovation system in Greater Philadelphia and provides a real-world lab experience. Since the program launched in 2014, over 3,600 students in the surrounding West Philadelphia community gained a better appreciation for science, at the middle school level, and at the high school level discovered and began to consider the various career tracks in STEM or STEM-adjacent roles, as they prepare for a post-secondary education and/or career. In 2021, FirstHand supported 370 students from 10 Philadelphia middle and high schools. Workforce Development The Science Center's Workforce Development program seeks to connect Philadelphia residents to jobs at biotech companies in University City and beyond. The Science Center is committed to developing a strategic workforce development model that fits the needs of companies, strengthens the STEM talent pipeline, and benefits the community around us. In the two cohorts held in 2021, 23 participants without a traditional four year-college degree received STEM training. Mentors from local biotech companies engaged participants in at-home lab experiments using custom STEM kits. Volunteers The Science Center has a wide network of volunteers enthusiastic to support our mission in a multitude of capacities. In 2021 the Science Center benefited from the time and expertise of close to 500 volunteers. Our commercialization programs engaged business advisors, industry leaders, and experts to advise with startups either one-on-one or in small groups. In 2021, our cultivation efforts through FirstHand and BULB (Building an Understanding of Lab Basics) were aided by 66 STEM mentors from local biotechnology and life sciences companies who assisted in hands on experiments and helped design curricula or served as BULB selection team members or mentors to BULB participants. Our convening efforts engaged over 900 experts and thought leaders who presented at Quorum and Venture Caf events in 2021. Form 990, Part VI, Section A, line 6 The ownership of shares of the corporation is restricted to organizations qualified for exemption from federal income taxes under section 501(c)(3) of the Internal Revenue Code. Form 990, Part VI, Section A, line 7a Annual Stockholder Meetings: In conjunction with each annual election of directors, the board of directors meets for the purpose of organization, election of a chairman of the Board and other officers, and the transaction of other business at the office of the corporation. Form 990, Part VI, Section B, line 11b The completed 990 is presented for review and discussion by the audit committee, and is subsequently made available to the entire board of directors. Form 990, Part VI, Section B, line 12c Each Board Member and Executive employee is required to annually sign a conflict of interest disclosure form, indicating that he/she understands the policy and will alert the Organization should a conflict occur. This process is overseen by the Science Center's general counsel. Form 990, Part VI, Section B, line 15 The board hired CCI consulting in spring and summer 2021 to review CEO and executive compensation and provide benchmark information on salary and incentive compensation. An array of 501(c)(3) and for-profit benchmarks were included in the study in order to compare entities and their compensation structures that represented business and service operations of a comparable nature. The findings from the study were shared with the board and have been incorporated into annual review and compensation planning for the CEO and her team. The executive committee of the board of directors annually reviews management compensation and approves all changes. Form 990, Part VI, Section C, line 19 A person requesting a copy of the governing documents etc. places his / her request with the secretary of the University City Science Center. Upon receipt of the request, the requested information is made available to the interested party. Form 990, Part XII, Line 2c There has been no change during the current period by the Science Center in the audit oversight or independent auditor selection process. 3701 University City Science Center Associates LLC 3675 Market Street Suite 400 Philadelphia PA 19104 233040121 Commercial Real Estate Property Ownership and Rental PA 2405963 52858372 University City Science Center Whaley Partners LP 3675 Market Street Suite 400 Philadelphia PA 19104 208824011 Investment PA University City Science Center Related 99729 0 0 0.80070 Phase I Ventures LLC 3675 Market Street Suite 400 Philadelphia PA 19104 474150042 Technology Accelerator PA University City Science Center Related -164048 1057428 0 1 0.43930 3701 University City Science Center Associates LP 3675 Market Street Suite 400 Philadelphia PA 19104 233040122 Commercial RE and Property Ownership and Rental PA University City Science Center Related 444495 633 0 0 0.99000 Port of Technology Inc 3675 Market Street Suite 400 Philadelphia PA 19104 233054794 Investment PA University City Science Center C 931300 372058 1.00000 0 Research Park Inc 3675 Market Street Suite 400 Philadelphia PA 19104 232671100 Services - Real Estate Mgmt PA University City Science Center C -97423 362956 1.00000 0 SCEC Ventures Inc 3675 Market Street Suite 400 Philadelphia PA 19104 474043064 Property Development PA University City Science Center C -418584 1854920 1.00000 0 3701 Limited Partnership GP I Inc 3675 Market Street Suite 400 Philadelphia PA 19104 562383457 Investment PA University City Science Center 44004991 62682 1.00000 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 Research Park Inc M 257565 Research Park Inc - Net Intercompany Change P -141191 Research Park Inc J 236039 SCEC Ventures Inc - Net Intercompany Change P 19924