2018-03-30T14:04:46-05:00 2017-06-30 860683059 BEACHFLEISCHMAN PC 1985 E RIVER ROAD SUITE 201 TUCSON AZ 85718 990 2016-07-01 860779656 CAMPUS RESEARCH CORPORATION CAMP 5203822480 9070 SOUTH RITA ROAD NO 1750 TUCSON AZ 857476112 KEN MARCUS CHIEF FINANCIAL OFFICER 5203822480 2018-03-21 1 KAREN K MCCLOSKEY CPA P00099644 5203214600 208.87.239.202 2018-03-21 09:48:32 US P 55503C6901EC926464890FD20C246F2690D179B8 374F92A1CAE4D53B1A657F70CE012C071B2F41E5 2016 2021-01-29 14:40:06Z BRUCE WRIGHT 9070 SOUTH RITA ROAD NO 1750 TUCSON AZ 857476112 15626223 0 X N/A X 1994 AZ ASSIST THE ARIZONA BOARD OF REGENTS FOR AND ON BEHALF OF THE UNIVERSITY OF ARIZONA 9 6 22 6 0 0 131375 59631 13679055 15513497 7464 11009 -30041 -77526 13787853 15506611 10000 0 0 0 1788939 1865182 0 0 0 9240776 8992178 11039715 10857360 2748138 4649251 31762242 38774747 9229447 11367893 22532795 27406854 X CAMPUS RESEARCH CORPORATION OPERATES SOLELY TO ASSIST THE ARIZONA BOARD OF REGENTS, A BODY CORPORATE AND AN AGENCY OF THE STATE OF ARIZONA, TO ENHANCE AND FURTHER THE EDUCATIONAL AND RESEARCH MISSION OF THE UNIVERSITY OF ARIZONA. 0 0 9034431 15555501 CAMPUS RESEARCH CORPORATION WAS FORMED IN 1994 TO ASSIST THE ARIZONA BOARD OF REGENTS IN THE MARKETING, LEASING, DEVELOPMENT, IMPROVEMENT, AND OPERATION OF PORTIONS OF THE UNIVERSITY OF ARIZONA SCIENCE AND TECHNOLOGY PARK LOCATED IN THE TUCSON, ARIZONA METROPOLITAN AREA. IN ADDITION TO USING A PORTION OF THE PARK AS AN EDUCATIONAL FACILITY FOR STUDENTS AND FACULTY OF THE UNIVERSITY, THE CORPORATION LEASES PORTIONS TO PRIVATE INDUSTRY AND GOVERNMENTAL AGENCIES. THE PARK PROVIDES A CAMPUS WHERE INDUSTRY AND THE UNIVERSITY CAN PARTICIPATE IN ACTIVITIES THAT PROMOTE AND SUPPORT EDUCATION, RESEARCH, ECONOMIC DEVELOPMENT OF THE REGION AND UNIVERSITY COMMERCIALIZATION. THE PARK ALSO PROVIDES A MECHANISM TO PROMOTE THE DEVELOPMENT AND INTEGRATION OF TECHNOLOGICAL RESULTS FROM RESEARCH INTO PRIVATE CORPORATE PROGRAMS. THE TECH PARK SITS ON 1,268 ACRES IN SOUTHEAST TUCSON, ARIZONA. ALMOST 2 MILLION SQUARE FEET OF SPACE HAS BEEN DEVELOPED FEATURING HIGH TECH OFFICE, RESEARCH AND DEVELOPMENT AND LABORATORY FACILITIES ON 287 ACRES. THE TECH PARK ALSO DEVELOPED A SOLAR RESEARCH FACILITY WHICH IS ON APPROXIMATELY 222 ACRES. THE TECH PARK IS BEING FURTHER DEVELOPED WITH POTENTIAL PROJECTS THAT INCLUDE A HOTEL, CONFERENCE CENTER AND RETAIL AND RESIDENTIAL DEVELOPMENTS THAT WOULD SUPPORT THE OCCUPANTS OF THE TECH PARK. 273704 0 THE UA TECH PARK AT THE BRIDGES IS SITUATED ON 65 ACRES IN CENTRAL TUCSON, ARIZONA. IT'S PART OF A LARGER 350 ACRE MULTI-USE DEVELOPMENT. THE BRIDGES IS PLANNED TO HAVE UNIVERSITY EDUCATIONAL PROGRAMS, SOPHISTICATED, HIGH TECHNOLOGY RESEARCH AND ADMINISTRATIVE FACILITIES. 9308135 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 23 0 1 22 1 0 0 0 0 0 1 1 0 0 0 0 X 9 6 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AZ X BERNADETTE FRANCO 5203822481 9070 SOUTH RITA ROAD SUITE 1750 TUCSON AZ 85747 KIMBERLY ANDREWS ESPY PHD DIRECTOR 0.30 40.00 X 0 368569 44010 GREGG GOLDMAN DIRECTOR 0.30 40.00 X 0 415086 35452 DONALD PITT DIRECTOR 0.30 X 0 0 0 RON SHOOPMAN DIRECTOR 0.30 X 0 0 0 TOM WARNE DIRECTOR 0.30 X 0 0 0 CAROL COLOMBO DIRECTOR 0.30 X 0 0 0 FRED BOICE CHAIRMAN 0.30 X X 0 0 0 DAVID N ALLEN VICE CHAIR 0.30 40.00 X X 0 365515 38804 BEN TUCHI TREASURER 0.30 X X 0 0 0 PAT GRIFFIN SECRETARY 0.30 X 0 0 0 BRUCE A WRIGHT PRESIDENT 0.30 40.00 X 45420 222640 42074 KEN MARCUS CHIEF FINANCIAL OFFICER 40.00 X 169944 0 14045 MARY E GILBERT DIRECTOR OF UNIVERSITY AND COMMUNITY ENGAGEMENT 40.00 X 130684 0 22367 PATRICK MURPHY DIRECTOR OF CONSTRUCTION AND FACILITIES 40.00 X 100823 0 21051 446871 1371810 217803 3 0 1 0 UASTP BOX 53028 DEPT 41224 PHOENIX AZ 85072 COMMON AREA SERVICES 2935986 SUN MECHANICAL CONTRACTING INC 3951 E COLUMBIA ST TUCSON AZ 85714 CONSTRUCTION 2881433 CH2M HILL IDC FACILITIES SERVICES DEPT 201869 DALLAS TX 75320 FACILITIES & MAINTENANCE 2733782 WE O'NEIL CONSTRUCTION COMPANY 2601 N FAIRVIEW AVE TUCSON AZ 85705 CONSTRUCTION 1814135 AAA ARIZONA INC 2375 E CAMELBACK RD STE 500 PHOENIX AZ 85016 TENANT IMPROVEMENT CONSTRUCTION 697912 19 20918 28713 10000 59631 RENTAL INCOME 531120 15483883 15483883 SERVICES & SEMINARS 900099 29614 29614 15513497 11009 11009 82 20918 119612 -119530 -119530 OTHER REVENUES 900099 42004 42004 42004 15506611 15555501 0 -108521 215231 75331 139900 1391700 487095 904605 33566 11748 21818 138760 48566 90194 85925 30074 55851 68547 68547 29650 29650 35213 35213 158140 158140 81721 24517 57204 677415 663938 13477 82483 41237 41246 205553 164442 41111 270072 270072 2468578 2333611 134967 58916 29458 29458 PROJECT OPERATING 2723235 2723235 REPAIRS & MAINTENANCE 1939356 1919962 19394 U OF A DEVELOPMENT 133156 133156 ASSET DISPOSALS 53827 53827 6316 6316 10857360 9308135 1549225 0 2348072 2650399 2919216 3267947 1003723 1524072 44570 44137 38687554 14202937 21189358 24484617 5000 5000 4252303 6798575 31762242 38774747 1010235 1857140 3372637 3144940 4239368 6015305 607207 350508 9229447 11367893 X 22532795 27406854 22532795 27406854 31762242 38774747 X 4649251 257699 -32891 X 0 1 X 1 0 X X 2 AZ BOARD OF REGENTS 866004791 6 1 10857360 0 UNIVERSITY OF ARIZONA 742652689 6 1 0 0 2 10857360 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X SCHEDULE A, PART IV, SECTION A, LINE 2 CAMPUS RESEARCH CORPORATION SUPPORTS THE ARIZONA BOARD OF REGENTS AND THE UNIVERSITY OF ARIZONA. THE ARIZONA BOARD OF REGENTS IS THE GOVERNING BODY OF ARIZONA'S PUBLIC UNIVERSITY SYSTEM. THE UNIVERSITY OF ARIZONA IS A STATE UNIVERSITY. BOTH SUPPORTED ORGANIZATIONS ARE PUBLIC CHARITIES UNDER SECTION 509(A)(1) AS ORGANIZATIONS DESCRIBED IN SECTION 170(B)(1)(A)(V) AND ARE NOT REQUIRED TO OBTAIN RECOGNITION OF PUBLIC CHARITY STATUS. SCHEDULE A, PART IV, SECTION D, LINE 3 THERE ARE 11 MEMBERS OF THE BOARD OF DIRECTORS OF CAMPUS RESEARCH CORPORATION. 2 MEMBERS ARE APPOINTED BY THE PRESIDENT OF ABOR, AND 3 MEMBERS ARE APPOINTED BY THE PRESIDENT OF U OF A. THEREFORE, ABOR AND U OF A HAVE SIGNIFICANT VOICES ON THE BOARD. THE BOARD OF DIRECTORS APPROVES THE INVESTMENT POLICY, CAPITAL PLAN AND OPERATING BUDGET, AND IS PROVIDED BUDGET-TO-ACTUAL REPORTS MONTHLY. SCHEDULE A, PART IV, SECTION E, LINE 1C CAMPUS RESEARCH CORPORATION WAS FORMED IN 1994 TO ASSIST THE ARIZONA BOARD OF REGENTS IN THE MARKETING, LEASING, DEVELOPMENT, IMPROVEMENT, AND OPERATION OF PORTIONS OF THE UNIVERSITY OF ARIZONA SCIENCE AND TECHNOLOGY PARK LOCATED IN THE TUCSON, ARIZONA METROPOLITAN AREA. IN ADDITION TO USING A PORTION OF THE PARK AS AN EDUCATIONAL FACILITY FOR STUDENTS AND FACULTY OF THE UNIVERSITY, THE CORPORATION LEASES PORTIONS TO PRIVATE INDUSTRY AND GOVERNMENTAL AGENCIES. THE PARK PROVIDES A CAMPUS WHERE INDUSTRY AND THE UNIVERSITY CAN PARTICIPATE IN ACTIVITIES THAT PROMOTE AND SUPPORT EDUCATION, RESEARCH, ECONOMIC DEVELOPMENT OF THE REGION AND UNIVERSITY COMMERCIALIZATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33234582 12115480 21119102 1663316 1145865 517451 3789656 941592 2848064 24484617 INTANGIBLE ASSETS, NET 3470537 PROTECTED WATER FACILITY RIGHTS 3328038 6798575 SECURITY DEPOSITS 37513 LIABILITY UNDER INTEREST RATE SWAP AGREEMENT 312995 350508 X 15883922 257699 119612 377311 15506611 0 15506611 11009863 152503 152503 10857360 0 10857360 PART X, LINE 2: FINANCIAL STATEMENTS FIN 48 FOOTNOTE: CRC IS EXEMPT FROM INCOME TAXES UNDER BOTH FEDERAL (INTERNAL REVENUE CODE SECTION 501(C)(3)) AND ARIZONA INCOME TAX LAWS, AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. AZCI IS A SINGLE-MEMBER LLC AND IS TREATED AS A DISREGARDED ENTITY FOR TAX PURPOSES. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE INCOME TAXES IS MADE. INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX EXEMPT PURPOSE, HOWEVER, MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS TAXABLE INCOME (UBTI). GAAP REQUIRES MANAGEMENT TO PERFORM AN EVALUATION OF ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE ORGANIZATION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS MEET A "MORE LIKELY THAN NOT" STANDARD OF BEING SUSTAINED UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES. THIS EVALUATION IS REQUIRED TO BE PERFORMED FOR ALL OPEN TAX YEARS, AS DEFINED BY THE VARIOUS STATUTES OF LIMITATIONS, FOR FEDERAL AND STATE PURPOSES. THE ORGANIZATION IS ONLY SUBJECT TO INCOME TAXES ON UBTI AS APPLICABLE. AS A RESULT, THE ORGANIZATION IS REQUIRED TO FILE INFORMATIONAL RETURNS FOR FEDERAL AND STATE PURPOSES AND, IF IT HAS UBTI, FEDERAL AND STATE INCOME TAX RETURNS. MANAGEMENT HAS PERFORMED ITS EVALUATION OF TAX POSITIONS TAKEN ON ALL OPEN TAX RETURNS AND HAS DETERMINED THAT THERE WERE NO POSITIONS TAKEN THAT DO NOT MEET THE "MORE LIKELY THAN NOT" STANDARD. FROM TIME TO TIME, THE ORGANIZATION MAY BE SUBJECT TO PENALTIES AND INTEREST ASSESSED BY VARIOUS TAXING AUTHORITIES, WHICH WILL BE CLASSIFIED AS MANAGEMENT AND GENERAL EXPENSES, IF THEY OCCUR. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 119,612. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOK/TAX DEPRECIATION AND AMORTIZATION DIFFERENCE 32,891. SPECIAL EVENT EXPENSE 119,612. HOMECOMING 8500 8418 82 15874 10165 1810 1983 5247 RACING THE SUN 12000 12000 23406 2767 27551 2 500 500 18469 8802 100 3438 21000 20918 82 15874 52040 13379 2083 36236 119612 -119530 X X 0 0 0 0 0 0 0 0 0 KIMBERLY ANDREWS ESPY PHD DIRECTOR 0 368569 0 0 0 0 0 18550 0 25460 0 412579 0 0 GREGG GOLDMAN DIRECTOR 0 405086 0 0 0 10000 0 18550 0 16902 0 450538 0 0 DAVID N ALLEN VICE CHAIR 0 365515 0 0 0 0 0 18550 0 20254 0 404319 0 0 BRUCE A WRIGHT PRESIDENT 45420 222640 0 0 0 0 0 25420 0 16654 45420 264714 0 0 KEN MARCUS CHIEF FINANCIAL OFFICER 169944 0 0 0 0 0 6792 0 7253 0 183989 0 0 0 MARY E GILBERT DIRECTOR OF UNIVERSITY AND COMMUNITY 130684 0 0 0 0 0 5287 0 17080 0 153051 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DAVID N. ALLEN (VICE PRESIDENT, UNIVERSITY OF ARIZONA), KIMBERLY A. ESPY (SR. VICE PRESIDENT OF RESEARCH, UNIVERSITY OF ARIZONA), GREGG GOLDMAN, (SR. VP FOR BUSINESS AFFAIRS AND CFO, UNIVERSITY OF ARIZONA) AND BRUCE A. WRIGHT (ASSOCIATE VICE PRESIDENT, UNIVERSITY OF ARIZONA) HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS COMPRISED OF ELEVEN PERSONS ("DIRECTORS"). THREE DIRECTORS ARE APPOINTED BY THE PRESIDENT OF THE UNIVERSITY OF ARIZONA AND ARE REFERRED TO AS "UNIVERSITY MEMBERS". ONE DIRECTOR IS A CURRENT MEMBER OF THE ARIZONA BOARD OF REGENTS OR A FORMER MEMBER OF THE BOARD OF REGENTS WHO SERVED ON THE BOARD OF REGENTS AFTER JANUARY 1, 2004, AND IS APPOINTED BY THE PRESIDENT OF THE ARIZONA BOARD OF REGENTS, AND IS REFERRED TO AS THE "REGENTS' MEMBER". ONE DIRECTOR IS APPOINTED BY THE PRESIDENT OF THE ARIZONA BOARD OF REGENTS AND IS REFERRED TO AS THE "PRESIDENT'S MEMBER". SIX DIRECTORS ARE SELECTED AT LARGE. DIRECTORS OTHER THAN UNIVERSITY MEMBERS, THE REGENTS' MEMBER AND THE PRESIDENT'S MEMBER ARE ELECTED BY THE INCUMBENT DIRECTORS AT THE ANNUAL MEETING OF THE BOARD OF DIRECTORS, BUT DIRECTORS MAY BE ELECTED TO FILL VACANCIES OR NEWLY CREATED DIRECTOR POSITIONS AT ANY OTHER MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION PROVIDES A DRAFT OF FORM 990 TO THE AUDIT COMMITTEE FOR REVIEW. AFTER THE AUDIT COMMITTEE REVIEWS AND APPROVES THE FORM, A COPY IS PROVIDED TO ALL MEMBERS OF THE BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY IN PLACE AND EACH OFFICER AND DIRECTOR IS REQUIRED TO SIGN AND AGREE TO THE POLICY. THE BOARD REVIEWS THE POLICY ANNUALLY. ON AN ONGOING BASIS, IF A CONFLICT OF INTEREST IS DISCOVERED, THE INDIVIDUAL IS REQUIRED TO NOTIFY THE ORGANIZATION IMMEDIATELY. CONFLICTS OF INTEREST ARE HANDLED ON A CASE BY CASE BASIS. THE POLICY COVERS CRC EMPLOYEES AND CRC BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION'S PRESIDENT DETERMINES COMPENSATION FOR THE ORGANIZATION'S CHIEF FINANCIAL OFFICER AND ALL OTHER EMPLOYEES. THE PRESIDENT OF THE UNIVERSITY OF ARIZONA AND THE UNIVERSITY OF ARIZONA VICE PRESIDENT OF TECH LAUNCH ARIZONA, CAMPUS RESEARCH CORPORATION BOARD OF DIRECTORS DETERMINE THE COMPENSATION FOR THE ORGANIZATION'S PRESIDENT. THE AMOUNT OF COMPENSATION FOR THE ORGANIZATION'S PRESIDENT, CHIEF FINANCIAL OFFICER AND ALL EMPLOYEES IS INCLUDED IN THE ANNUAL OPERATING BUDGET, WHICH IS REVIEWED AND APPROVED BY THE ORGANIZATION'S BOARD OF DIRECTORS FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. A COPY OF FORM 990 IS PROVIDED IN PLACE OF FINANCIAL STATEMENTS IF REQUESTED. FORM 990, PART XI, LINE 9: BOOK/TAX DEPRECIATION AND AMORTIZATION DIFFERENCE -32,891. 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