2016-11-15T13:22:43-06:00 2016-06-30 860683059 BEACHFLEISCHMAN PC 1985 EAST RIVER ROAD SUITE 201 TUCSON AZ 85718 990 2015-07-01 860779656 CAMPUS RESEARCH CORPORATION CAMP 5203822480 9070 SOUTH RITA ROAD NO 1750 TUCSON AZ 857476112 KEN MARCUS CHIEF FINANCIAL OFFICER 5203822480 2016-11-09 1 KELLY L MELTZER CPA P00633511 5203214600 2015 2017-02-10 21:41:12Z BRUCE WRIGHT 9070 SOUTH RITA ROAD NO 1750 TUCSON AZ 857476112 13856829 0 X N/A X 1994 AZ ASSIST THE ARIZONA BOARD OF REGENTS FOR AND ON BEHALF OF THE UNIVERSITY OF ARIZONA 11 7 25 0 0 0 184547 131375 12836576 13679055 6603 7464 119234 -30041 13146960 13787853 0 10000 0 0 1673061 1788939 0 0 0 10790122 9240776 12463183 11039715 683777 2748138 30840519 31762242 11134025 9229447 19706494 22532795 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 9320706 10000 13717924 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 165 ACRES. THE TECH PARK IS BEING FURTHER DEVELOPED WITH POTENTIAL PROJECTS THAT INCLUDE A HOTEL, CONFERENCE CENTER AND RETAIL AND RESIDENTIAL DEVELOPMENTS. 206623 0 THE UA TECH PARK AT THE BRIDGES IS SITUATED ON 65 ACRES IN CENTRAL TUCSON, ARIZONA. ITS SOPHISTICATED, HIGH TECHNOLOGY FACILITIES WILL BE INTEGRATED INTO A MULTI-USE DEVELOPMENT. 9527329 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 32 0 1 25 1 0 0 0 0 0 1 1 0 0 0 0 X 11 7 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 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 361144 42465 GREGG GOLDMAN DIRECTOR 0.30 40.00 X 0 371425 84381 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 362558 36592 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 0 220912 42224 KEN MARCUS CHIEF FINANCIAL OFFICER 40.00 X 161376 0 14763 MARY E GILBERT DIR. 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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 0 0 0 0 0 1 10000 0 0 0 10000 0 PART II-B, LINE 1: A ONETIME GRANT WAS PAID TO PIMA COUNTY TO HELP LOBBY FOR PROPOSITIONS 425, 426, AND 428. THE BONDS FROM THESE PROPOSITIONS WOULD HAVE HELPED BUILD THE YMCA AT THE UNIVERSITY OF ARIZONA TECH PARK, THE INNOVATION BUILDING AT THE UNIVERSITY OF ARIZONA TECH PARK AT THE BRIDGES, AND IMPROVE THE ROADS AT THE UNIVERSITY OF ARIZONA TECH PARK. 27797418 10428695 17368723 1369777 1019210 350567 4246691 776623 3470068 21189358 INTANGIBLE ASSETS, NET 918337 PROTECTED WATER FACILITY RIGHTS 3328037 OTHER RECEIVABLES 5929 4252303 SECURITY DEPOSITS 36513 LIABILITY UNDER INTEREST RATE SWAP AGREEMENT 570694 607207 X 13908929 52100 68976 121076 13787853 0 13787853 11082628 105114 105114 10977514 62201 62201 11039715 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 68,976. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOK/TAX DEPRECIATION AND AMORTIZATION DIFFERENCE 36,138. SPECIAL EVENT EXPENSE 68,976. PART XII, LINE 4B - OTHER ADJUSTMENTS: BOOK/TAX DISPOSAL DIFFERENCES 62,201. HOMECOMING 6500 6434 66 9969 10658 2923 2028 6215 RACING THE SUN 10000 10000 5901 1456 150 29676 16500 16434 66 9969 16559 4379 2178 35891 68976 -68910 1 PIMA COUNTY ARIZONA 130 W CONGRESS 10TH FLOOR TUCSON AZ 85701 866000543 PIMA COUNTY 10000 SEE PART IV 1 PART I, LINE 2: THE CORPORATION DOES NOT HAVE A GRANT-MAKING PROGRAM. FROM TIME TO TIME, IT MAY MAKE A SPONSORSHIP PAYMENT TO SUPPORT A SPECIFIC EVENT OF A NONPROFIT ORGANIZATION. SINCE PAYMENTS ARE MADE ONLY FOR A SPECIFIC EVENT, NO FURTHER MONITORING IS DEEMED NECESSARY. PART II, LINE 1(H) A ONETIME GRANT WAS PAID TO PIMA COUNTY TO HELP LOBBY FOR PROPOSITIONS 425, 426, AND 428. THE BONDS FROM THESE PROPOSITIONS WOULD HAVE HELPED BUILD THE YMCA AT THE UNIVERSITY OF ARIZONA TECH PARK, THE INNOVATION BUILDING AT THE UNIVERSITY OF ARIZONA TECH PARK AT THE BRIDGES, AND IMPROVE THE ROADS AT THE UNIVERSITY OF ARIZONA TECH PARK. X X 0 0 0 0 0 0 0 0 0 KIMBERLY ANDREWS ESPY PHD DIRECTOR 0 361144 0 0 0 0 0 13875 0 28590 0 403609 0 0 GREGG GOLDMAN DIRECTOR 0 371425 0 0 0 0 0 71344 0 13037 0 455806 0 0 DAVID N ALLEN VICE CHAIR 0 362558 0 0 0 0 0 14662 0 21930 0 399150 0 0 BRUCE A WRIGHT PRESIDENT 0 220912 0 0 0 0 0 25378 0 16846 0 263136 0 0 KEN MARCUS CHIEF FINANCIAL OFFICER 161376 0 0 0 0 0 6472 0 8291 0 176139 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 11 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 15 THE ORGANIZATION DETERMINES COMPENSATION BY COMPARING COMPENSATION TO THE UNIVERSITY OF ARIZONA COMPENSATION LEVELS, AND BY UTILIZING OUTSIDE RESOURCES SUCH AS ROBERT HALF, SALARY.COM, AND SALARY INFORMATION FROM THE ASSOCIATION OF UNIVERSITY RESEARCH PARKS. THE UNIVERSITY OF ARIZONA PRESIDENT AND VICE PRESIDENT OF RESEARCH DETERMINE THE SALARY FOR THE ORGANIZATION'S PRESIDENT. THE ORGANIZATION'S PRESIDENT DETERMINES THE COMPENSATION FOR THE CFO. THE PRESIDENT AND THE CFO DETERMINE SALARY FOR ALL OTHER EMPLOYEES. COMPENSATION IS INCLUDED IN THE ANNUAL OPERATING BUDGET AND IS APPROVED BY THE BOARD. 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 -36,138. BOOK/TAX DISPOSAL DIFFERENCES 62,201. 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