2015-11-06T10:19:57-06:00 2015-06-30 450250958 EIDE BAILLY LLP 375 E HORSETOOTH RD BLDG 4200 FORT COLLINS CO 80525 990 2014-07-01 208434503 COLORADO STATE UNIVERSITY VENTURES INC COLO 9704912933 PO BOX 483 FORT COLLINS CO 80522 KATHLEEN HENRY BOARD CHAIR 9704912933 2015-10-23 1 KYLE FRITCH CPA P01313374 9702238825 2015-10-23 2014 2016-04-25 22:37:26Z KATHLEEN HENRY PO BOX 483 FORT COLLINS CO 80522 7239801 0 X WWW.CSUVENTURES.ORG X 2007 CO CSU VENTURES ACTIVELY SUPPORTS AND PROMOTES THE TRANSER OF COLORADO STATE UNIVERSITY (CSU) RESEARCH AND INNOVATIONS INTO THE MARKETPLACE FOR THE BENEFIT OF SOCIETY. 3 2 14 2 0 0 2181997 2247000 709767 208816 1729 -24971 1270906 4780883 4164399 7211728 0 0 0 0 1539829 1675549 0 0 0 2783149 4214182 4322978 5889731 -158579 1321997 340195 1747510 107483 192801 232712 1554709 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. 1 0 5877172 4977140 TECHNOLOGY TRANSFER ASSISTS WITH PATENT AND LICENSING MANAGEMENT. 12559 12559 SYSTEMS SOLUTION GROUP FOCUSES ON CLASSIFIED RESEARCH. 5889731 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 0 0 14 1 0 0 0 0 0 0 0 0 0 0 X 3 2 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 CO X JULIE H BIRDSALL CSU VENTURES 9704912933 2537 RESEARCH BOULEVARDS SUITE 200 FORT COLLINS CO 80526 KATHLEEN HENRY BOARD CHAIR, SECRETARY 1.00 20.00 X X 0 125588 22737 RONALD BERNAL DIRECTOR 1.00 X 0 0 0 STEPHEN VAN DEN HEEVER DIRECTOR 1.00 X 0 0 0 TODD HEADLEY PRESIDENT 40.00 1.00 X 207203 0 44309 TERRY OPGENORTH VICE PRESIDENT 24.00 1.00 X 109354 0 5370 DR DENICHIRO OTSUGA VICE PRESIDENT 40.00 1.00 X 149926 0 32420 JULIE BIRDSALL TREASURER 1.00 40.00 X 0 150036 29058 STEVE FOSTER DIRECTOR, LICENSING & BUSINESS DEVELOPMENT 40.00 X 100918 0 28081 567401 275624 161975 4 0 1 0 COLORADO STATE UNIVERSITY 200 WEST LAKE STREET FORT COLLINS CO 80523 CONTRACT 2071792 POLSINELLI PC PO BOX 878681 KANSAS CITY MO 64187 LEGAL 158306 COLORADO STATE UNIVERSITY RESEARCH FOUND PO BOX 483 FORT COLLINS CO 80521 ACCOUNTING/ADMIN 151588 STADHEIM & GREAR LTD 400 N MICHIGAN AVE CHICAGO IL 60611 LEGAL 124084 4 2247000 2247000 TECHNOLOGY TRANSFER SE 541700 195690 195690 CONTRACT INCOME - SSG 541700 12559 12559 567 567 208816 3102 3102 4780883 4780883 28073 -28073 -28073 -28073 7211728 4989699 0 -24971 639162 639162 774012 774012 88541 88541 83665 83665 90169 90169 707455 707455 166443 166443 134482 134482 6947 6947 75036 75036 2727490 2727490 1250 1250 19152 19152 21029 21029 11118 11118 7059 7059 VALUE CREATION & INSTIT 213570 213570 DUES, SUBSCRIPTIONS & P 68883 68883 PROMOTION/SPONSORSHIPS 47424 47424 6844 6844 5889731 5889731 0 0 26216 27456 229266 1565071 29144 100717 40261 4740 4740 44474 35209 50829 9265 340195 1747510 107483 192801 107483 192801 X 232712 1554709 232712 1554709 340195 1747510 1321997 0 X 0 1 X 1 0 X 1780997 2309997 40000 2181997 2247000 8559991 1780997 2309997 40000 2181997 2247000 8559991 8559991 4306 3854 3536 1729 3102 16527 16875 2 16877 8593395 16299279 0.99610 0.99450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 44474 35209 9265 9265 X 7239801 0 7239801 -28073 -28073 7211728 5917804 28073 28073 5889731 0 5889731 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), 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), RESPECTIVELY. 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 HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. MANAGEMENT BELIEVES THAT CSU VENTURES HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. CSU VENTURES 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. THE ENTITY'S FORM 990 AND OTHER INCOME TAX FILINGS REQUIRED BY STATE, LOCAL, OR NON-U.S. TAX AUTHORITIES ARE NO LONGER SUBJECT TO TAX EXAMINATION FOR YEARS BEFORE 2012. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF EQUIPMENT NETTED WITH REVENUE ON FORM 990 -28,073. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF EQUIPMENT NETTED WITH REVENUE ON FORM 990 28,073. X 0 0 0 0 0 0 0 0 0 TODD HEADLEY PRESIDENT 206907 0 0 0 296 0 29984 0 15099 0 252286 0 0 0 DR DENICHIRO OTSUGA VICE PRESIDENT 149791 0 0 0 135 0 22438 0 10638 0 183002 0 0 0 JULIE BIRDSALL TREASURER 0 149752 0 0 0 284 0 21095 0 8609 0 179740 0 0 FORM 990, PART III, LINE 2 DIGITAL WORKS BECAME AVAILABLE IN MARCH 2015 AND OFFERS SOFTWARE LICENSES TO OUTSIDE USERS FOR CAREER DEVELOPMENT AND ENHANCEMENT. FORM 990, PART V, LINE 2A: COLORADO STATE UNIVERSITY RESEARCH FOUNDATION ACTS AS A COMMON PAYMASTER FOR THE ORGANIZATION. OF THE 28 EMPLOYEES REPORTED ON THE FORM W-3, 14 ARE ATTRIBUTABLE TO THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 2 KATHLEEN HENRY, TODD HEADLEY, DR. DENNY OTSUGA, AND JULIE BIRDSALL HAVE A BUSINESS RELATIONSHIP. 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 11 THE FORM 990 IS PRESENTED TO THE CSUV BOARD BY THE AUDITING FIRM FOR REVIEW AND BEFORE SUBMITTAL TO THE IRS. 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 11D, III-O N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0