2016-02-11T09:27:29-06:00 2015-06-30 860683059 BEACHFLEISCHMAN PC PO BOX 64130 TUCSON AZ 857284130 990 2014-07-01 860779656 CAMPUS RESEARCH CORPORATION CAMP 5203822480 9070 SOUTH RITA ROAD NO 1750 TUCSON AZ 857476112 KEN MARCUS CHIEF FINANCIAL OFFICER 5203822480 2016-02-04 1 KELLY L MELTZER CPA P00633511 5203214600 2014 2016-08-17 19:52:53Z BRUCE WRIGHT 9070 SOUTH RITA ROAD NO 1750 TUCSON AZ 857476112 13198261 0 X N/A X 1994 AZ ASSIST THE ARIZONA BOARD OF REGENTS FOR AND ON BEHALF OF THE UNIVERSITY OF ARIZONA 11 7 22 7 0 0 189454 184547 11746876 12836576 7946 6603 313433 119234 12257709 13146960 0 0 0 0 1571410 1673061 0 0 0 10107199 10790122 11678609 12463183 579100 683777 30677787 30840519 11754831 11134025 18922956 19706494 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 10808847 13006136 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. 188927 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. 10997774 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 14 0 1 22 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 KEN MARCUS 5203822480 9070 SOUTH RITA ROAD SUITE 1750 TUCSON AZ 85747 DAVID N ALLEN DIRECTOR 0.30 40.00 X 0 361155 40365 KIMBERLY ANDREWS ESPY PHD DIRECTOR 0.30 40.00 X 0 216590 32293 JENNIFER K BARTON DIRECTOR 0.30 40.00 X 0 212850 36120 GREGG GOLDMAN DIRECTOR 0.30 40.00 X 0 0 0 ANN W HART DIRECTOR 0.30 40.00 X 0 570192 124655 DONALD PITT DIRECTOR 0.30 X 0 0 0 ROBERT R SMITH DIRECTOR 0.30 40.00 X 0 195773 33760 WENDY VITTORI DIRECTOR 0.30 X 0 0 0 JOHN CARTER CHAIRMAN 0.30 X X 0 0 0 FRED BOICE VICE CHAIR 0.30 X X 0 0 0 PAT GRIFFIN SECRETARY 0.30 X X 0 0 0 LARRY LUCERO TREASURER 0.30 X X 0 0 0 BRUCE A WRIGHT PRESIDENT 0.30 40.00 X 0 220950 42692 KEN MARCUS CHIEF FINANCIAL OFFICER 40.00 X 155284 0 12420 MARY E GILBERT DIR. UNIVERSITY & COMMUNITY ENGAGEMENT 40.00 X 111151 0 18393 266435 1777510 340698 2 0 1 0 UASTP BOX 53028 DEPT 41224 PHOENIX AZ 85072 COMMON AREA SERVICES 2791175 WE O'NEIL 2601 N FAIRVIEW AVE TUCSON AZ 85705 CONSTRUCTION 2385128 CH2M HILL IDC FACILITIES SERVICES DEPT 201869 DALLAS TX 75320 FACILITIES & MAINTENANCE 1807722 DESERT HUES PAINTING CONTRACTORS INC 2100 N WILMOT RD STE 320 TUCSON AZ 857123004 PAINTING CONTRACTOR 482601 SUN MECHANICAL CONTRACTING INC 3951 E COLUMBIA ST TUCSON AZ 85714 CONSTRUCTION 481441 9 8025 112722 63800 184547 RENTAL INCOME 531120 12775474 12775474 SERVICES & SEMINARS 900099 61102 61102 12836576 6603 6603 975 8025 51301 -50326 -50326 OTHER REVENUES 900099 169560 169560 169560 13146960 13006136 0 -43723 173875 60856 113019 1275540 446439 829101 26626 9319 17307 126157 44155 82002 70863 24802 46061 52790 52790 31150 31150 126002 126002 68631 68631 65685 19706 45979 678289 665734 12555 88014 44007 44007 413841 331073 82768 372525 372525 2257942 2117032 140910 59304 29652 29652 PROJECT OPERATING 2823779 2823779 REPAIRS & MAINTENANCE 2204767 2182719 22048 WATER FACILITY RIGHTS 1257897 1257897 ASSET DISPOSAL 137129 137129 152377 152377 12463183 10997774 1465409 0 1118398 1836522 3684422 3197061 960640 878220 102180 45403 30819208 10431281 18620334 20387927 6191813 4495386 30677787 30840519 870669 1867617 3445429 3368997 6613616 5238435 40741 18519 784376 640457 11754831 11134025 X 18922956 19706494 18922956 19706494 30677787 30840519 X 683777 142108 -42347 X 0 1 X 1 0 X X 2 AZ BOARD OF REGENTS 866004791 6 1 12463183 0 UNIVERSITY OF ARIZONA 742652689 6 1 0 0 2 12463183 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 24041335 8860333 15181002 1342655 874545 468110 5435218 696403 4738815 20387927 INTANGIBLE ASSETS, NET 1167349 PROTECTED WATER FACILITY RIGHTS 3328037 4495386 SECURITY DEPOSITS 17663 LIABILITY UNDER INTEREST RATE SWAP AGREEMENT 622794 640457 X 13340369 142108 142108 13198261 -51301 -51301 13146960 12556831 93648 93648 12463183 0 12463183 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 UNRELATED BUSINESS TAXABLE INCOME (UBTI). 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. WITH LIMITED EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO TAX EXAMINATION FOR ANY YEARS EARLIER THAN 2012 FOR FEDERAL AND 2011 FOR STATE. 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 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE -51,301. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOK/TAX DEPRECIATION AND AMORTIZATION DIFFERENCE 28,522. SPECIAL EVENT EXPENSE 51,301. BOOK/TAX DISPOSAL DIFFERENCES 13,825. X X 0 0 0 0 0 0 0 0 0 DAVID N ALLEN DIRECTOR 0 361155 0 0 0 0 0 17872 0 22493 0 401520 0 0 KIMBERLY ANDREWS ESPY PHD DIRECTOR 0 216590 0 0 0 0 0 15511 0 16782 0 248883 0 0 JENNIFER K BARTON DIRECTOR 0 212850 0 0 0 0 0 15423 0 20697 0 248970 0 0 ANN W HART DIRECTOR 0 570192 0 0 0 0 0 103700 0 20955 0 694847 0 0 ROBERT R SMITH DIRECTOR 0 195773 0 0 0 0 0 22693 0 11067 0 229533 0 0 BRUCE A WRIGHT PRESIDENT 0 220950 0 0 0 0 0 25368 0 17324 0 263642 0 0 KEN MARCUS CHIEF FINANCIAL OFFICER 155284 0 0 0 0 0 6169 0 6251 0 167704 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DAVID N. ALLEN (VICE PRESIDENT, UNIVERSITY OF ARIZONA), JENNIFER K. BARTON (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 -28,522. BOOK/TAX DISPOSAL DIFFERENCES -13,825. 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