2026-01-14T14:14:45-06:00 2025-06-30 860683059 BEACHFLEISCHMAN PLLC 1985 E RIVER ROAD SUITE 201 TUCSON AZ 85718 990 2024-07-01 860779656 CAMPUS RESEARCH CORPORATION CAMP 5203822480 9070 SOUTH RITA ROAD 3500 TUCSON AZ 857476112 CAROL STEWART CEO 5203822480 2026-01-14 1 1 KELLY L MELTZER CPA P00633511 5203214600 2026-01-14 2024 2025-03-06 01:10:19Z CAROL STEWART CEO 9070 SOUTH RITA ROAD 3500 TUCSON AZ 857476112 31288527 0 X N/A X 1994 AZ ASSIST THE ARIZONA BOARD OF REGENTS FOR AND ON BEHALF OF THE UNIVERSITY OF ARIZONA. 7 5 27 6 0 0 578245 453008 14306051 30607420 126240 144031 -65423 84068 14945113 31288527 125000 0 0 0 2462936 2652962 0 0 0 13431885 25311952 16019821 27964914 -1074708 3323613 40177329 46670793 8261825 11431676 31915504 35239117 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 1 25804902 30691488 CAMPUS RESEARCH CORPORATION WAS FORMED IN 1994 TO ASSIST THE ARIZONA BOARD OF REGENTS IN THE MARKETING, LEASING, DEVELOPMENT, IMPROVEMENT AND OPERATION 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 AND ECONOMIC DEVELOPMENT OF THE REGION. THE PARK ALSO PROVIDES A MECHANISM TO PROMOTE THE DEVELOPMENT AND INTEGRATION OF TECHNOLOGICAL RESULTS FROM RESEARCH INTO PRIVATE CORPORATE PROGRAMS. LOCATED IN ONE OF ARIZONA'S FAST-GROWING SUBURBAN SETTINGS ON TUCSON'S SOUTHEAST SIDE, THE PARK'S SPACIOUS CAMPUS ENCOMPASSES 1,267 ACRES AND HAS 2 MILLION SQUARE FEET OF SPACE FOR TECH OFFICES, R&D AND LABORATORY FACILITIES. THE TECH PARK ALSO DEVELOPED A SOLAR RESEARCH FACILITY SPANNING APPROXIMATELY 223 ACRES. THE TECH PARK IS BEING FURTHER DEVELOPED WITH POTENTIAL PROJECTS THAT INCLUDE A HOTEL, DAYCARE CENTER, RETAIL AND RESIDENTIAL DEVELOPMENTS TO SUPPORT TECH PARK OCCUPANTS. 270375 0 THE UA TECH PARK AT BRIDGES IS HOME TO A DYNAMIC COMMUNITY OF TECHNOLOGY COMPANIES, SITUATED ALONGSIDE EXISTING HIGH-QUALITY RETAIL, COMMERCIAL AND RESIDENTIAL DEVELOPMENT. TOGETHER, THEY CREATE A LIVE-WORK-PLAY-LEARN ENVIRONMENT THAT IS ONE OF THE REGION'S MOST INNOVATIVE AND EXCITING DEVELOPMENTS. THE 65 ACRES DESIGNATED FOR THE SITE ARE PART OF A LARGER 350-ACRE MULTI-USE DEVELOPMENT. LONG-TERM PLANS CALL FOR 1.2 MILLION SQUARE FEET OF DEVELOPED OFFICE AND LABORATORY SPACE THAT COULD SUPPORT APPROXIMATELY 5,000 KNOWLEDGE WORKERS ON-SITE. 26075277 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 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 1 1 0 0 0 1 23 0 1 27 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X BERNADETTE FRANCO 5203822481 9070 SOUTH RITA ROAD 3500 TUCSON AZ 857476112 ELLIOT CHEU DIRECTOR 1.00 40.00 X 0 448147 55308 CAROL STEWART PRESIDENT 40.00 X 350510 0 40219 RYAN GOODELL DIRECTOR 1.00 40.00 X 0 304532 51396 KENNETH MARCUS EVP & CFO 40.00 X 229148 0 17680 STACEY LEMOS DIRECTOR 1.00 40.00 X 0 182054 52251 PATRICK MURPHY COO 40.00 X 177989 0 34164 CRAIG KLEINE DIRECTOR OF TECHNOLOGY 40.00 X 114138 0 31541 ERIC SMITH CHIEF INNOVATION OFFICER 40.00 X 125181 0 19706 BERNADETTE FRANCO DIRECTOR OF FINANCE & HUMAN RESOURCES 40.00 X 121419 0 14989 TOMAS DIAZ DE LA RUBIA VICE CHAIRMAN 1.00 40.00 X X 0 112619 6735 PETER LOYA DIRECTOR OF COMM & GOV'T RELATIONS 40.00 X 102552 0 14071 JAN LESHER DIRECTOR 1.00 X 0 0 0 CECILIA MATA DIRECTOR 1.00 X 0 0 0 R GLENN WILLIAMSON DIRECTOR 1.00 X 0 0 0 MARY JACOBS CHAIRWOMAN 1.00 X X 0 0 0 KARLA BERNAL MORALES TREASURER 1.00 X X 0 0 0 PATRICK PAT GRIFFIN SECRETARY & GENERAL COUNSEL 1.00 X 0 0 0 1220937 1047352 338060 7 0 1 0 UASTP 9018 S RITA ROAD TUCSON AZ 85747 COMMON SERVICES 3799340 JACOBS PO BOX 845422 DALLAS TX 75284 FACILITIES MAINTENANCE 3253774 COBRE BUILDING SYSTEMS INC PO BOX 26587 TUCSON AZ 85726 CONSTRUCTION 2164669 CUSHMAN & WAKEFIELD 225 FRANKLIN STREET BOSTON MA 02110 COMMISSIONS 1087311 JACOBS PROJECT MANAGEMENT CO 6312 S FIDDLERS GREEN CIRCLE SUI GREENWOOD VILLAGE CO 80111 FACILITIES MAINTENANCE 805425 16 378008 75000 453008 OPERATING LEASE INCOME 531120 30368382 30368382 SERVICES 900099 239038 239038 30607420 144031 144031 OTHER REVENUES 900099 84068 84068 84068 31288527 30691488 0 144031 868955 682484 186471 1466119 801568 664551 16341 4071 12270 181810 107334 74476 119737 75412 44325 44291 42076 2215 55900 53105 2795 368706 349153 19553 90984 90984 162557 41444 121113 105899 100604 5295 780108 742641 37467 172711 86356 86355 350379 280303 70076 205105 205105 3927594 3745549 182045 294274 147137 147137 OPERATING COSTS 14083585 14083585 REPAIRS AND MAINTENANCE 4669859 4436366 233493 27964914 26075277 1889637 0 2736642 1782989 3536343 9368223 1867544 2446530 87102 103284 66201993 37196920 29387280 29005073 15000 15000 2547418 3949694 40177329 46670793 1675020 3811143 2096204 4175515 4171251 3151861 319350 293157 8261825 11431676 X 31915504 35239117 31915504 35239117 40177329 46670793 3323613 0 X 0 1 X 1 0 X X 2 AZ BOARD OF REGENTS 866004791 6 1 27964914 0 UNIVERSITY OF ARIZONA 742652689 6 1 0 0 2 27964914 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 THE STATE'S LAND GRANT UNIVERSITY. BOTH SUPPORTED ORGANIZATIONS ARE GOVERNMENTAL UNITS AND THEREFORE ARE ORGANIZATIONS DESCRIBED UNDER SECTION 509(A)(1) AS ORGANIZATIONS DESCRIBED IN SECTION 170(B)(1)(A)(V). SCHEDULE A, PART IV, SECTION D, LINE 3 THERE ARE EITHER 9, 11 OR 13 MEMBERS OF THE BOARD OF DIRECTORS OF CAMPUS RESEARCH CORPORATION. 1 MEMBER IS APPOINTED BY THE CHAIR OF ABOR, AND EITHER 3, 4 OR 5 MEMBERS ARE APPOINTED BY THE PRESIDENT OF U OF A, DEPENDING ON IF THE TOTAL NUMBER OF MEMBERS IS 9, 11 OR 13. 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 AND ECONOMIC DEVELOPMENT OF THE REGION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 59375069 33086674 26288395 5223886 3806619 1417267 1603038 303627 1299411 29005073 INTANGIBLE ASSETS, NET 2594731 PROTECTED WATER FACILITY RIGHTS, NET 1213820 OPERATING LEASE ASSET 141143 3949694 SECURITY DEPOSITS 71814 OPERATING LEASE LIABILITY 221343 293157 X 33408548 2120021 2120021 31288527 0 31288527 30084935 2120021 2120021 27964914 0 27964914 PART X, LINE 2: FINANCIAL STATEMENTS ASC 740 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 UNDER IRC 509(A)(3). UACI, UACI-OV AND UACI-B2 ARE SINGLE MEMBER LLCS AND ARE TREATED AS DISREGARDED ENTITIES 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). FROM TIME TO TIME, THE ORGANIZATION MAY BE SUBJECT TO PENALTIES AND INTEREST ASSESSED BY VARIOUS TAXING AUTHORITIES, WHICH WILL BE CLASSIFIED AS GENERAL AND ADMINISTRATIVE EXPENSES, IF THEY OCCUR. X 1 1 X X 0 0 0 0 0 0 0 0 0 ELLIOT CHEU DIRECTOR 0 448147 0 0 0 0 0 24150 0 31158 0 503455 0 0 CAROL STEWART PRESIDENT 350510 0 0 0 0 0 24150 0 16069 0 390729 0 0 0 RYAN GOODELL DIRECTOR 0 304532 0 0 0 0 0 21800 0 29596 0 355928 0 0 KENNETH MARCUS EVP & CFO 228668 0 0 0 480 0 7724 0 9956 0 246828 0 0 0 STACEY LEMOS DIRECTOR 0 182054 0 0 0 0 0 22710 0 29541 0 234305 0 0 PATRICK MURPHY COO 177089 0 0 0 900 0 7382 0 26782 0 212153 0 0 0 FORM 990, PART III, LINE 3 CAMPUS RESEARCH CORPORATION (CRC) HAD AN AGREEMENT WITH A TENANT UNDER WHICH THE TENANT FUNCTIONED AS THE MANAGING OPERATOR FOR THE TECH PARK THROUGH AUGUST 2024. AS MANAGING OPERATOR, THE TENANT PROVIDED CERTAIN COMMON AREA SERVICES WHICH CONSISTED OF THE OPERATION, MAINTENANCE AND REPAIR OF THE CENTRAL UTILITY SYSTEM, PROJECT FIRE AND SECURITY SERVICES, AND THE COMMON AREAS. IN SEPTEMBER 2024, CRC ASSUMED THE FUNCTION OF THE MANAGING OPERATOR. CRC AND ITS MAJOR TENANTS, OR THOSE TENANTS THAT ARE RENTING OVER 100,000 SQUARE FEET, ARE REQUIRED TO PAY A MONTHLY AMOUNT BASED ON AN ANNUAL OPERATING BUDGET FOR THESE SERVICES. A QUARTERLY ANALYSIS OF CENTRAL UTILITY AND OCCUPANT ELECTRIC EXPENSES IS PREPARED FOR EACH BUILDING AND ITS OCCUPANTS, AND THESE COSTS ARE RECONCILED TO THE BUDGET. ANNUAL COMMON SERVICE EXPENSES ARE ALSO RECONCILED TO THE BUDGET. BASED ON THESE RECONCILIATIONS, AN ADDITIONAL CHARGE OR REFUND IS ASSESSED. AS A RESULT OF CRC ASSUMING THE FUNCTION OF THE MANAGING OPERATOR, THERE HAS BEEN A SIGNIFICANT INCREASE IN OPERATING LEASE INCOME AND OPERATING COSTS. FORM 990, PART VI, SECTION A, LINE 2 CAROL STEWART, TOMAS DIAZ DE LA RUBIA, ELLIOTT CHEU, RYAN GOODELL AND STACEY LEMOS ARE ALL UNIVERSITY OF ARIZONA PERSONNEL. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS COMPRISED OF NINE 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". FIVE 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 15 THE ORGANIZATION'S PRESIDENT DETERMINES COMPENSATION FOR THE ORGANIZATION'S EXECUTIVE VP/CHIEF FINANCIAL OFFICER, CHIEF OPERATING OFFICER, AND ALL OTHER EMPLOYEES. THE PRESIDENT OF THE UNIVERSITY OF ARIZONA AND THE UNIVERSITY OF ARIZONA VICE PRESIDENT FOR THE OFFICE OF RESEARCH AND PARTNERSHIPS DETERMINE THE COMPENSATION FOR THE ORGANIZATION'S PRESIDENT. THE AMOUNT OF COMPENSATION FOR THE ORGANIZATION'S PRESIDENT, EXECUTIVE VP/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 AND THE UNIVERSITY OF ARIZONA/ARIZONA BOARD OF REGENTS. 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. UNIVERSITY OF ARIZONA CENTER FOR INNOVATION LLC 9070 S RITA RD 3500 TUCSON AZ 85747 PROMOTING DEVELOPMENT OF HIGH TECHNOLOGY COMPANIES IN SOUTHERN ARIZONA AZ 665916 308044 CAMPUS RESEARCH CORPORATION 9072 LEASING LLC 9070 S RITA RD 3500 TUCSON AZ 85747 LEASE ASSIGNMENTS AZ 0 0 CAMPUS RESEARCH CORPORATION UNIVERSITY OF ARIZONA CENTER FOR INNOVATION - ORO VALLEY LLC 9070 S RITA RD 3500 TUCSON AZ 85747 PROMOTING DEVELOPMENT OF HIGH TECHNOLOGY COMPANIES IN SOUTHERN ARIZONA AZ 59874 635991 CAMPUS RESEARCH CORPORATION UNIVERSITY OF ARIZONA CENTER FOR INNOVATION - BIOSPHERE 2 9070 S RITA RD 3500 TUCSON AZ 85747 PROVIDES A PROGRAM FOR HIGH TECH SUSTAINABILITY FOR THE CLIENTS AT B2 AZ 0 0 CAMPUS RESEARCH CORPORATION ARIZONA BOARD OF REGENTS 2020 N CENTRAL AVE 230 PHOENIX AZ 850044593 866004791 GOVERNING BOARD FOR ARIZONA'S PUBLIC UNIVERSITIES AZ 115 N/A 0 UNIVERSITY OF ARIZONA PO BOX 3607 TUCSON AZ 857223607 742652689 PUBLIC UNIVERSITY AZ 115 ARIZONA BOARD OF REGENTS 0 GLOBAL ADVANTAGE PARTNERS LLC 9070 S RITA RD 3500 TUCSON AZ 85747 371798242 COST SHARING AZ CAMPUS RESEARCH CORPORATION RELATED -830 8274 0 1 0.25000 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0