2012-03-02T10:17:10-06:00 2011-06-30 BEACHFLEISCHMAN PC PO BOX 64130 TUCSON AZ 857284130 990 2010-07-01 860779656 CAMPUS RESEARCH CORPORATION CAMP 5203822480 9070 SOUTH RITA ROAD NO 1750 TUCSON AZ 857476112 KEN MARCUS 5203822480 2012-03-02 1 KELLY L MELTZER CPA 5203214600 2010 2016-02-24 21:20:13Z BRUCE WRIGHT 9070 SOUTH RITA ROAD NO 1750 TUCSON AZ 857476112 12627604 0 X N/A X 1994 AZ ASSIST THE ARIZONA BOARD OF REGENTS FOR AND ON BEHALF OF THE UNIVERSITY OF ARIZONA 10 7 12 0 0 0 15000 601491 12377754 11974136 7143 7253 394179 44724 12794076 12627604 0 0 0 0 934279 1107050 0 0 0 10405567 8623946 11339846 9730996 1454230 2896608 23052861 28969856 12660003 15749184 10392858 13220672 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 8478908 11974136 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. THE PARK ALSO PROVIDES A MECHANISM TO PROMOTE THE DEVELOPMENT AND INTEGRATION OF TECHNOLOGICAL RESULTS FROM RESEARCH INTO PRIVATE CORPORATE PROGRAMS. 389892 42984 THE BIOPARK, WHICH IS SITUATED ON 53 ACRES IN CENTRAL TUCSON, ARIZONA, WILL PROVIDE A SEPARATE FACILITY DESIGNED ESPECIALLY FOR COMPANIES WORKING IN BIOSCIENCES, BIOTECHNOLOGY, LIFE SCIENCES, MEDICAL DEVICES AND PHARMACEUTICALS. ITS SOPHISTICATED, HIGH TECHNOLOGY BIOSCIENCES FACILITIES WILL BE INTEGRATED INTO A MULTI-USE DEVELOPMENT. 8868800 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 0 0 0 1 12 0 1 12 1 0 0 0 0 0 1 1 0 0 0 0 X 10 7 1 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ X X KEN MARCUS 5203822480 9070 SOUTH RITA ROAD SUITE 1750 TUCSON AZ 85747 X FRED BOICE 0.30 X 0 0 0 ART CHAPA 0.30 X 0 0 0 PETER LIKINS 0.30 X 0 0 0 ROBERT SMITH 0.30 X 0 0 0 DR ROBERT SHELTON 40.00 X 0 520903 119949 LESLIE TOLBERT 40.00 X 0 213280 29678 WENDY VITTORI 0.30 X 0 0 0 ROGER VOGEL 0.30 X 0 0 0 DONALD PITT 0.30 X X 0 0 0 JOHN CARTER 0.30 X X 0 0 0 LARRY LUCERO 0.30 X X 0 0 0 KAY NELSON 0.30 X X 0 0 0 BRUCE WRIGHT 50.00 X 106369 108178 23881 KEN MARCUS 50.00 X 128856 0 11536 235225 842361 185044 2 0 1 0 WE O'NEIL CONSTRUCTION 710 S CAMPBELL AVENUE TUCSON AZ 85719 CONSTRUCTION 3752788 GRUBB & ELLIS MANAGEMENT SERVICES INC 2215 SANDERS RD 400 NORTHBROOK IL 60062 PROPERTY MANAGEMENT 3256245 THE ASHTON COMPANY INC 2727 S COUNTRY CLUB ROAD TUCSON AZ 85713 CONSTRUCTION 2492951 CH2M HILL IDC FACILITIES SERVICES 2625 S PLAZA DRIVE SUITE 300 TEMPE AZ 85282 FACILITIES SERVICES 1699898 WESTLAND RESOURCES INC 4001 E PARADISE FALLS DRIVE TUCSON AZ 85712 LANDSCAPING 314760 9 12510 579981 9000 601491 RENTAL INCOME 531120 11974136 11974136 11974136 7253 7253 1740 12510 0 1740 1740 REIMBURSED EXPENSES 900099 42984 42984 42984 12627604 12017120 0 8993 250116 75035 175081 655140 278606 376534 25998 7799 18199 111586 33476 78110 64210 19263 44947 232914 232914 32085 32085 139006 139006 53007 53007 68144 20443 47701 413269 409951 3318 53944 26972 26972 143540 114832 28708 620118 620118 1901644 1877107 24537 51602 25801 25801 PROJECT OPERATING 3012024 3012024 REPAIRS & MAINTENANCE 1205935 1193876 12059 U OF A DEVELOPMENT 546333 546333 PARK DEVELOPMENT 145176 145176 DISPOSAL OF ASSETS 4058 4058 1147 918 229 9730996 8868800 862196 0 1284140 2238475 2752670 1742937 1429238 1623235 96046 94329 21585285 5210888 13352942 16374397 4137825 6896483 23052861 28969856 1435615 758794 909071 3566235 9219709 10359408 129630 107408 965978 957339 12660003 15749184 X 10392858 13220672 10392858 13220672 23052861 28969856 X 2896608 -68794 X 0 1 1 X 1 1 X X X 0 0 0 AZ BOARD OF REGENTS 866004791 115 1 1 1 0 UNIVERSITY OF ARIZONA 742652689 115 1 1 1 9730996 2 9730996 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17401620 4612489 12789131 669100 408778 260322 3514565 189621 3324944 16374397 INTANGIBLE ASSETS, NET OF ACCUMULATED AMORTIZATION 2246787 PROTECTED WATER FACILITY RIGHTS 4649696 6896483 SECURITY DEPOSITS 22157 LIABILITY UNDER INTEREST RATE SWAP AGREEMENT 935182 957339 12627604 9730996 2896608 13052 -81846 -68794 2827814 12640656 13052 13052 12627604 0 12627604 9812842 81846 81846 9730996 0 9730996 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: FINANCIAL STATEMENTS FIN 48 FOOTNOTE: 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 2008 FOR FEDERAL AND 2007 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 8 - OTHER ADJUSTMENTS: BOOK/TAX DEPRECIATION AND AMORTIZATION DIFFERENCE -81,846. PART XIII, LINE 2D - OTHER ADJUSTMENTS: BOOK/TAX DEPRECIATION AND AMORTIZATION DIFFERENCE 81,846. X X 0 0 0 0 0 0 0 0 0 DR ROBERT SHELTON 0 520903 0 0 0 0 0 100609 0 19340 0 640852 0 0 LESLIE TOLBERT 0 213280 0 0 0 0 0 19972 0 9706 0 242958 0 0 BRUCE WRIGHT 106369 108178 0 0 0 0 4255 10257 0 9369 110624 127804 0 0 FORM 990, PART VI, SECTION A, LINE 2 LESLIE TOLBERT IS THE VICE PRESIDENT FOR RESEARCH, GRADUATE STUDIES AND ECONOMIC DEVELOPMENT AT THE UNIVERSITY OF ARIZONA. SHE IS A DIRECT SUPERVISER OF BRUCE WRIGHT, WHO IS AN EMPLOYEE OF THE UNIVERSITY OF ARIZONA. 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. 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 VII, SECTION A, COLUMN (B) AVERAGE HOURS PER WEEK: DR. ROBERT SHELTON, LESLIE TOLBERT, AND BRUCE WRIGHT ARE EMPLOYED BY THE UNIVERSITY OF ARIZONA, A RELATED ORGANIZATION. DR. SHELTON AND MS. TOLBERT WORK APPROXIMATELY 40 HOURS PER WEEK FOR THE UNIVERSITY. MR. WRIGHT WORKS APPROXIMATELY 20 HOURS PER WEEK FOR THE UNIVERSITY. THESE HOURS ARE INCLUDED IN THE TOTAL HOURS IN COLUMN (B). CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 13,052. BOOK/TAX DEPRECIATION AND AMORTIZATION DIFFERENCE -81,846. TOTAL TO FORM 990, PART XI, LINE 5: -68,794. 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