2019-10-22T18:08:28-05:00 2019-06-30 450250958 EIDE BAILLY LLP 2950 E HARMONY RD STE 290 FORT COLLINS CO 805283429 990 2018-07-01 208434503 COLORADO STATE UNIVERSITY VENTURES INC COLO 9704912933 PO BOX 483 FORT COLLINS CO 80522 JULIE BIRDSALL TREASURER 9704912933 2019-10-21 1 KYLE FRITCH CPA P01313374 9702238825 2019-10-21 216.147.181.49 2019-10-21 12:49:51 MD P 2686830EF3814CA7A435371093BA7813AD539741 4153CBB247A09B1B2725CF4D7F202B45DF7555C4 2018 2020-03-31 21:24:44Z X JULIE BIRDSALL PO BOX 483 FORT COLLINS CO 80522 6472279 0 X WWW.CSUVENTURES.ORG X 2007 CO CSU VENTURES ACTIVELY SUPPORTS AND PROMOTES THE TRANSFER OF COLORADO STATE UNIVERSITY (CSU) RESEARCH AND INNOVATIONS INTO THE MARKETPLACE FOR THE BENEFIT OF SOCIETY. CSU VENTURES; SERVES CSU FACULTY AND RESEARCHERS WHO WISH TO PROTECT AND LICENSE INTELLECTUAL PROPERTY; BUILDS RELATIONSHIPS WITH INDUSTRIES AND INVESTORS SEEKING TO ENGAGE WITH CSU AND; LEVERAGES CSU INNOVATION TO FOSTER BUSINESS FORMATION AND ENHANCE REGIONAL ECONOMIC VITALITY. X 4 3 20 0 0 0 2433900 2433900 108168 214746 17023 29924 1823157 3791964 4382248 6470534 0 1383618 0 0 1748402 1851038 0 0 0 2774060 4709972 4522462 7944628 -140214 -1474094 1754682 0 280588 0 1474094 0 X CSU VENTURES ACTIVELY SUPPORTS AND PROMOTES THE TRANSER OF COLORADO STATE UNIVERSITY (CSU) RESEARCH AND INNOVATIONS INTO THE MARKETPLACE FOR THE BENEFIT OF SOCIETY. CSU VENTURES:(1) SERVES CSU FACULTY AND RESEARCHERS WHO WISH TO PROTECT AND LICENSE INTELLECTUAL PROPERTY; (2)BUILDS RELATIONSHIPS WITH INDUSTRIES AND INVESTORS SEEKING TO ENGAGE WITH CSU AND; (3) LEVERAGES CSU INNOVATION TO FOSTER BUSINESS FORMATION AND ENHANCE REGIONAL ECONOMIC VITALITY. 0 1 7077572 1383618 4006710 TECHNOLOGY TRANSFER ASSISTS WITH PATENT AND LICENSING MANAGEMENT. 7077572 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 X 0 0 20 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 1 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 CO X JULIE H BIRDSALL 9704912933 2537 RESEARCH BOULEVARD SUITE 200 FORT COLLINS CO 80526 KATHLEEN HENRY BOARD CHAIR, SECRETARY 1.00 20.00 X X 0 172498 32133 DR MICHAEL GOLDBLATT DIRECTOR 1.00 X 0 0 0 DR BILL CHRISTIANSEN DIRECTOR 1.00 X 0 0 0 DR DAVID CONRAD DIRECTOR 1.00 X 0 0 0 TODD HEADLEY PRESIDENT 40.00 1.00 X 237710 0 55977 TERRY OPGENORTH VICE PRESIDENT 30.00 X 214337 0 55906 JULIE BIRDSALL TREASURER 1.00 40.00 X 0 172665 33606 STEVE FOSTER DIRECTOR, LICENSING & BUSINESS 40.00 X 117603 0 33440 CARIN HERMANN IN-HOUSE COUNCIL 40.00 X 124606 0 28349 RODMAN TOMPKINS DIRECTOR, LICENSING & BUSINESS 40.00 X 107735 0 32663 801991 345163 272074 5 0 1 0 COLORADO STATE UNIVERSITY RESEARCH FOUND PO BOX 483 FORT COLLINS CO 80521 ACCOUNTING/ADMIN 205398 POLSINELLI PC PO BOX 878681 KANSAS CITY MO 64187 LEGAL 196401 EIDE BAILLY LLP 2950 EAST HARMONY ROAD STE 290 FORT COLLINS CO 80528 IMPLEMENTATION/CONSULTING 109225 3 2433900 2433900 PROGRAM REVENUE 900099 214746 214746 214746 29924 29924 3698647 3698647 12180 1745 10435 10435 RECOUPABLE INCOME 900099 82882 82882 82882 6470534 4006710 0 29924 1383618 1383618 570336 426370 143966 988200 805113 183087 105770 86859 18911 93154 75073 18081 93578 74194 19384 664921 664921 219283 219283 70527 70527 4741 4741 47978 47978 3238571 3238571 47 47 37475 37475 19349 19349 7419 7419 16302 1606 14696 DUES, SUBSCRIPTIONS & P 152134 152134 SPONSORSHIP/PROMOTION 113756 113756 NEWCO LAUNCHPAD 71939 71939 45530 22762 22768 7944628 7077572 867056 0 604171 0 1016073 0 0 12781 0 0 0 53789 0 0 2965 0 0 54902 0 10001 0 0 0 0 0 1754682 0 276088 4500 280588 0 X 1474094 0 1474094 0 1754682 0 -1474094 0 X 0 1 X 1 0 X 2247000 2300000 2355000 2433900 2433900 11769800 2247000 2300000 2355000 2433900 2433900 11769800 11769800 3102 1613 11712 17023 29924 63374 82882 82882 11916056 16503625 0.98770 0.99700 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 82,882. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: CSU VENTURES IS ORGANIZED AS A COLORADO NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), WHICH QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTIONS 170(B)(1)(A)(IV), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTIONS 509(A)(1). CSU VENTURES IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ENTITY IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. MANAGEMENT HAS DETERMINED THAT CSU VENTURES IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAVE NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. 0 COLORADO STATE UNIVERSITY RESEARCH FOUNDATION PO BOX 483 FORT COLLINS CO 80521 840600653 1228799 154819 NET BOOK VALUE AND FMV FIXED ASSETS AND STOCK DISTRIBUTION OF NET ASSETS TO COMBINE THE TWO ENTITIES INTO ONE FUNCTIONING ORGANIZATION. 1 0 X 0 0 0 0 0 0 0 0 0 KATHLEEN HENRY BOARD CHAIR, SECRETARY 0 167309 0 0 0 5189 0 20982 0 11503 0 204983 0 0 TODD HEADLEY PRESIDENT 237357 0 0 0 353 0 34196 0 22505 0 294411 0 0 0 TERRY OPGENORTH VICE PRESIDENT 212956 0 0 0 1381 0 31089 0 25498 0 270924 0 0 0 JULIE BIRDSALL TREASURER 0 172020 0 0 0 645 0 23979 0 10209 0 206853 0 0 STEVE FOSTER DIRECTOR, LICENSING & BUSINESS 117471 0 0 0 132 0 16587 0 17329 0 151519 0 0 0 CARIN HERMANN IN-HOUSE COUNCIL 124518 0 0 0 88 0 17292 0 11545 0 153443 0 0 0 COLORADO STATE UNIVERSITY VENTURES CASH AND CD ACCOUNTS, ACCOUNTS AND NOTES RECEIVABLE, PREPAID ASSETS, COMMON STOCK, AND FIXED ASSETS AFTER SATISFYING CURRENT DEBT OBLIGATIONS. 2019-06-30 1383618 BOOK VALUE 840600653 CSU RESEARCH FOUNDATION PO BOX 483 FORT COLLINS CO 80522 501(C)(3) 1 1 0 0 1 1 1 1 0 PART I, LINE 2E: PERSON(S) INVOLVED: DAVID CONRAD AND TODD HEADLEY PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: DAVID CONRAD, BOARD MEMBER, WILL BECOME A BOARD MEMBER OF CSU RESEARCH FOUNDATION.TODD HEADLEY WILL REMAIN VICE PRESIDENT OF CSU RESEARCH FOUNDATION.ALL FORMER CSUV EMPLOYEES, WHO WERE ACTUALLY PAID BY CSURF, WILL BECOME CSURF EMPLOYEES. FORM 990, PART III, LINE 3 A PLAN OF DISSOLUTION WAS ADOPTED BY THE BOARD OF DIRECTORS ON JUNE 24, 2019. THE ORGANIZATION WAS OFFICIALLY DISSOLVED ON JULY 1, 2019 UPON FILING THE ARTICLES OF DISSOLUTION WITH THE COLORADO SECRETARY OF STATE. FORM 990, PART V, LINE 2A: COLORADO STATE UNIVERSITY RESEARCH FOUNDATION ACTS AS A COMMON PAYMASTER FOR THE ORGANIZATION. OF THE 46 EMPLOYEES REPORTED ON THE PAYMASTER'S FORM W-3, 20 ARE ATTRIBUTABLE TO THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 2 KATHLEEN HENRY, TODD HEADLEY, AND JULIE BIRDSALL HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE BOARD OF DIRECTORS APPROVED A PLAN OF DISSOLUTION ON JUNE 24, 2019 TO CEASE OPERATIONS AND INTEGRATE ITS ASSETS WITH CSU RESEARCH FOUNDATION, A RELATED TAX-EXEMPT ORGANIZATION. THE ORGANIZATION FILED ARTICLES OF DISSOLUTION ON JULY 1, 2019 WITH THE COLORADO SECRETARY OF STATE AND DISTRIBUTED ITS REMAINING ASSETS IN ACCORDANCE WITH ITS GOVERNING DOCUMENTS. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE VOTING MEMBER OF THE ORGANIZATION SHALL BE COLORADO STATE UNIVERSITY RESEARCH FOUNDATION (CSURF), A RELATED EXEMPT ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A WHILE THE ORGANIZATION SHALL BE MANAGED BY AND UNDER THE DIRECTION OF THE BOARD OF DIRECTORS OF THE ORGANIZATION, THE MEMBER ORGANIZATION SHALL DETERMINE THE SELECTION OF APPOINTED DIRECTORS OF CSUV. FORM 990, PART VI, SECTION A, LINE 7B WHILE THE ORGANIZATION SHALL BE MANAGED BY AND UNDER THE DIRECTION OF THE BOARD OF DIRECTORS, THE FOLLOWING ACTIONS ARE RESERVED FOR THE SOLE DETERMINATION BY THE MEMBER: (A) AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS; (B) DISSOLUTION, MERGER, OR CONSOLIDATION OF THE ORGANIZATION; (C) SALE, LEASE, MORTGAGE OR OTHER TRANSFER OF ALL OF OR SUBSTANTIALLY ALL OF THE ORGANIZATION'S ASSETS; (D) ADMISSION OF ANY NEW MEMBER TO THE ORGANIZATION OR APPROVAL OF ANY TRANSFER OF A MEMBER'S INTEREST; AND (E) SELECTION OF APPOINTED DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED TO CSURF BOARD OF TRUSTEES BY THE AUDIT FIRM DURING THE ANNUAL BOARD MEETING FOR DISCUSSION AND APPROVAL BEFORE FILING WITH THE IRS DUE TO THE DISSOLUTION OF COLORADO STATE UNIVERSITY VENTURES, INC. AS OF JULY 1, 2019. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS/TRUSTEES AND KEY EMPLOYEES ARE COVERED BY THE POLICY AND ARE REQUIRED TO COMPLETE AND SUBMIT A CONFLICT OF INTEREST FORM ANNUALLY DISCLOSING ANY/ALL POTENTIAL CONFLICTS. IF CONFLICTS ARE DISCLOSED, THE BOARD AND SENIOR MANAGEMENT REVIEWS AND RESPONDS ACCORDINGLY AND IF DISCLOSED BY A VOTING MEMBER, THE MEMBER ABSTAINS FROM VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR ALL EMPLOYEES IS BASED ON VARIOUS FACTORS, INCLUDING BUT NOT LIMITED TO, THE RESPONSIBILITIES ASSOCIATED WITH THE POSITION, RELEVANT EXPERIENCE AND EDUCATION OF THE EMPLOYEE, AND COMPARABLE POSITIONS WITHING THE NONPROFIT SECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. CSU RESEARCH FOUNDATION PO BOX 483 FORT COLLINS CO 80522 840600653 SUPPORT CSU RESEARCH AND EDUCATIONAL EFFORTS CO 501(C)3 LINE 5 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0