2012-05-14T13:12:27-05:00 2011-06-30 Grant Thornton LLP 200 South Orange Avenue Suite 2050 Orlando FL 32801 990 2010-07-01 592959590 UNIVERSITY OF SOUTH FLORIDA RESEARCH FOUNDATION INC UNIV 8139741082 3802 SPECTRUM BOULEVARD TAMPA FL 33612 DR PAUL R SANBERG 8139745095 2012-05-14 true Dawn M Olivardia 4074815100 2010 2016-02-24 21:20:13Z DR PAUL R SANBERG 3702 SPECTRUM BLVD SUITE 175 TAMPA FL 33612 11231687 false X N/A X 1989 FL To promote, encourage and enhance research activities at the University of South Florida. 9 4 0 1646 0 0 26744645 11182356 -238520 49331 0 0 26506125 11231687 0 0 0 0 1003015 1165089 0 0 0 19251883 8641149 20254898 9806238 6251227 1425449 90188164 90230074 60632538 56843283 29555626 33386791 X To promote, encourage and enhance research activities at the University of South Florida. false false 634415 1055473 The Research Foundation receives and administers certain basic research and clinical trial contracts and grants sponsored by the private sector and foundations. The performance of those grants is performed by university faculty, staff and students. 790360 1317531 The Research Foundation provides a means by which discoveries, inventions, processes and work products of USF faculty, staff and students can be transferred from the university laboratory to benefit the public. Income is allocated in accordance with USF policy on inventions and works to inventors and their research support funds, and for direct support of research at the university. 5938363 7499934 The Research Foundation assists in developing high-technology businesses and research partnerships that boost the economy and create high-paying jobs in the tampa bay area by developing its USF Research Park of Tampa Bay into a hub for biotechnology and life sciences research and entrepreneurship. 1331252 1309418 Tampa Bay Technology Incubator 1331252 1309418 8694390 true false false true false false false false false true true false false true true true false false false false false false false false false false false false true true true false false false false false false false false false false false false false true true false false false false true 44 0 true 0 true true false false false false false false false false false false false false X 9 4 false false false false false true true true true false false true true true true true true true false true false X X X DR PAUL R SANBERG 8139741082 3802 SPECTRUM BLVD STE 100 TAMPA FL 33612 Rodney Casto 20.0 X X 0 213713 76470 Robert Forsythe 1.0 X 0 283889 51869 Karen Holbrook 10.0 X X 0 329654 55697 Stephen Klasko 1.0 X 0 509496 68769 Ralph Wilcox 1.0 X 0 342867 40762 Nick Trivunovich 5.0 X X 0 172185 32502 Charles R Baumann 1.0 X 0 0 0 Bruce Register 1.0 X 0 0 0 Harry Venezia 1.0 X 0 0 0 George Morgan 1.0 X 0 0 0 Dennis Killinger 1.0 X 0 150993 34927 0 2002797 360996 0 true true false Carter Associates Services LLC 171 - 17th St Suite 1200 ATLANTA GA 30363 Project Manager 5195146 James Pirius 7910 West Boulevard Drive ALEXANDRIA VA 223081002 Lobbyist 261300 Whiting-Turner Contracting Co 5405 W Cypress St Suite 109 TAMPA FL 33607 Project Manager 886575 Master Maintenance Inc 4408 W South Avenue TAMPA FL 33614 Cleaning Janitorial 225046 The Davey Tree Experts PO Box 94532 CLEVELAND OH 44101 LANDSCAPING 141279 7 0 LICENSES AND OPTION FEES 1317531 1317531 CONTRACTS AND GRANTS 634415 634415 ADMINISTRATIVE FEES 421058 421058 EDS - CONTRACTS AND GRANTS 556695 556695 OTHER PROPERTY RENTAL REVENUES 6943239 6943239 1309418 1307772 1646 11182356 49331 582 48749 0 0 0 0 0 0 0 11231687 11181292 1646 48749 0 0 0 0 108374 65660 42714 0 802218 370402 431816 82939 35775 47164 115075 45327 69748 56483 23497 32986 0 1556 996 560 91857 91857 261300 261300 0 0 18837 905 17932 8028 5015 3013 0 0 645639 645639 1673343 1673343 40038 17268 22770 0 0 1832592 1832592 0 2073261 2072960 301 272271 253513 18758 REAL ESTATE TAXES 146253 146253 REPAIRS AND MAINTENANCE 946844 932328 14516 UNIVERSITY SUPPORT 80431 80431 BANK SERVICE FEES 7000 7000 PATENT COSTS & LICENSING EXP 59418 59418 482481 433068 49413 9806238 8694390 1111848 0 5602282 3888437 945404 606042 152396 181469 58714979 9388909 47288960 49326070 25425901 25608931 1916827 1588185 8152447 8036535 703947 994405 90188164 90230074 4121217 2571553 1579084 26655000 26055000 29856321 26637646 60632538 56843283 X 29555626 33386791 29555626 33386791 90188164 90230074 X 1425449 2405716 X false true true X false X false false false 3531223 2753312 10167664 26744645 11182356 54379200 3531223 2753312 10167664 26744645 11182356 54379200 54379200 2334923 369413 25422 1480 2455047 5186285 600000 600000 60165485 0.90383 0.78280 X ADJUSTMENTS WERE MADE TO LINE 1 FOR ALL PREVIOUS YEARS TO INCLUDE RENTAL INCOME AND GRANTS THAT WERE ORIGINALLY INCLUDED ON SCHEDULE A, PART II, LINE 10. ADJUSTMENTS WERE MADE TO LINE 8 FOR PREVIOUS YEARS TO INVESTMENT INCOME. false false false false false false false false true 261300 261300 false Part II-B, line 1i Schedule C MR. PIRIUS WORKS WITH THE LEADERSHIP, DEANS AND FACULTY AT THE UNIVERSITY OF SOUTH FLORIDA TO HELP THEM ENGAGE WITH MEMBERS OF OUR CONGRESSIONAL DELEGATION IN WASHINGTON, D.C. MR. PIRIUS IS WELL INFORMED ABOUT LOBBYING AND THE PRIORITIES OF OUR FACULTY AND IS EQUALLY AWARE OF HOW THAT EXPERTISE WIL BENEFIT THE DECISIONS OF OUR LEGISLATORS. 8739632 8739632 46116106 9388909 36727197 3826741 3826741 32500 32500 49326070 USF FOUNDATION INVESTMENT 9734839 F VANGUARD 0030 PRIME MONEY MARK 1940654 F VANGUARD 1349 ST BOND INDEX 13933438 F 25608931 0 CURRENT REVENUE BONDS PAYABLE 1390000 DUE TO UNIVERSITY OF SOUTH FLORIDA 8418237 INTEREST RATE SWAP LIABILITY 4881532 NON-TAX EXEMPT BONDS 11825000 OTHER 122877 26637646 11231687 9806238 1425449 2405716 2405716 3831165 13637403 2405716 2405716 11231687 11231687 9806238 9806238 9806238 PART X DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48 The Research Foundation periodically assesses whether it has incurred income tax expense or related interest or penalties in accordance with accounting for uncertain tax positions. No such amounts were recognized in fiscal years 2011 or 2010. X true true X false false false false false false false false false Rodney Casto 0 212863 0 0 0 850 0 40356 0 36114 0 290183 0 0 Robert Forsythe 0 283889 0 0 0 0 0 12329 0 39540 0 335758 0 0 Karen Holbrook 0 328709 0 0 0 945 0 22000 0 33697 0 385351 0 0 Dennis Killinger 0 150993 0 0 0 0 0 0 34927 0 185920 0 0 Stephen Klasko 0 374956 0 125000 0 9540 0 27500 0 41269 0 578265 0 0 Ralph Wilcox 0 332128 0 0 0 10739 0 0 40762 0 383629 0 0 Nick Trivunovich 0 172185 0 0 0 0 0 0 32502 0 204687 0 0 USF RESEARCH FOUNDATION INC 592959590 2004-08-24 18455000 Finance Construction of Capital false false false 18455000 773692 131185 18675236 2005 false false false true false false false true false 0.01170 0.00000 0.01170 true false true true BANK OF AMERICA 10. false false false true false MEMBERS THAT CAN ELECT MEMBERS OF GOVERNING BODY PART VI, SECTION A, QUESTION 7A THE UNIVERSITY OF SOUTH FLORIDA PRESIDENT APPOINTS UP TO 2 FACULTY MEMBERS AND UP TO 10 NON-USF FACULTY MEMBERS TO THE BOARD OF DIRECTORS. ONE MEMBER OF THE BOARD OF DIRECTORS IS A DESIGNEE MEMBER OF THE UNIVERSITY OF SOUTH FLORIDA BOARD OF TRUSTEES. GOVERNING BODY SUBJECT TO MEMBERS PART VI, SECTION A, QUESTION 7B THE PROPERTY AFFAIRS, ACTIVITIES AND CONCERNS OF THE RESEARCH FOUNDATION SHALL BE VESTED IN THE BOARD OF DIRECTORS. ALL MANAGEMENT FUNCTIONS SHALL BE EXERCISED BY THE BOARD OF DIRECTORS, SUBJECT TO DELEGATION BY THE BOARD TO THE OFFICERS AND THE EXECUTIVE COMMITTEE. THE PRESIDENT OF THE UNIVERSITY OF SOUTH FLORIDA SHALL HAVE AUTHORITY AND RESPONSIBLITY TO MONITOR AND CONTROL THE USE OF THE UNIVERSITY'S RESOURCES AND NAME IN ACCORDANCE WITH APPLICABLE FLORIDA LAWS AND BOARD OF TRUSTEES AND UNIVERSITY OF SOUTH FLORIDA RULES AND POLICIES. CHANGES TO THE ARTICLES OF INCORPORATION MAY BE MADE BY TWO-THIRDS (2/3RDS) VOTE OF THE BOARD OF DIRECTORS AT ANY MEETING OF THE BOARD, AND IN ALL INSTANCES, WITH THE WRITTEN CONCURRENCE OF THE PRESIDENT OF THE UNIVERSITY. ANY DIRECTOR OR DIRECTORS (EXCEPT FOR THE DIRECTOR APPOINTED BY THE CHAIRMAN OF THE BOARD OF TRUSTEES) MAY BE REMOVED FROM OFFICE BY THE PRESIDENT OF THE UNIVERSITY OF SOUTH FLORIDA. DOCUMENTS AVAILABLE TO THE PUBLIC PART VI, SECTION C, QUESTION 19 It is the Research Foundation's policy, upon receipt of a reasonable and specific request in writing, to make public Research Foundation financial information, including expenditures from Research Foundation funds, documentation regarding completed business transactions and information about the investment and management of Research Foundation assets; however, the Research Foundation will not release proprietary information. The financial statements are made available on the USF Research Foundation website. GOVERNANCE, MANAGEMENT, AND DISCLOSURE PART VI, SECTION B. DISCLOSURE, QUESTION 15A THE FOUNDATION ADHERES TO AN OUTLINED PHILOSOPHY AND STRATEGY WITH REGARDS TO HOW THEY DETERMINE COMPENSATION FOR THEIR EXECUTIVE DIRECTOR. THE BASIC PRINCIPLES ARE TO ENSURE PAY IS COMPETITIVE, IS ENHANCED FOR THE ACQUISITION AND APPLICATION OF COMPETENCIES/CONTRIBUTIONS VALUED BY USF, AND IS ENHANCED FOR SUCCESSFUL OUTCOMES. GOVERNNANCE, MANAGEMENT, AND DISCLOSURE PART VI, SECTION A, QUESTION 11 THE AUDIT COMMITTEE REVIEWS AND RECOMMENDS ACCEPTANCE OF THE FORM 990 PRIOR TO ITS SUBMISSION. GOVERNANCE, MANAGEMENT AND DISCLOSURE PART VI, SECTION B, QUESTION 12C THE CONFLICT OF INTEREST POLICY REQUIRES ANNUAL DISCLOSURE, PROVIDES FOR A HEARING PROCESS FOR SUSPECTED VIOLATIONS AND CORRECTIVE OR DISCIPLINARY ACTION SHOULD THAT HEARING PROCESS DETERMINE A VIOLATION. Prior to taking a seat as a Director or a committee member, and annually thereafter as long as such person continues to serve as a Director or committee member, such person shall complete, sign and deliver to the President of the Organization a disclosure statement affirming that such person (A) has received a copy of the Organization's conflicts of interest policy, (B) has read and understands the policy, (C) has agreed to comply with the policy, and (D) understands that the Organization is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. Violations of the Conflicts of Interest Policy. (1) An interested person may have numerous professional and personal affiliations and, undoubtedly, some of them may cross paths with the Organization. If these associations develop into conflicts of interest that become a major obstacle to fulfilling the duty of loyalty, it may be necessary to re-evaluate the Board member's suitability for current Board service. (2) If the Board (or committee) has reasonable cause to believe that an interested person has failed to disclose actual or possible conflicts of interest, it shall inform the interested person of the basis for such belief and afford the interested person an opportunity to explain the alleged failure to disclose. (3) If, after hearing the response of the interested person and making such further investigation as may be warranted in the circumstances, the Board (or committee) determines that the interested person has in fact failed to disclose an actual or possible conflict of interest, it shall take such action as it determines to be appropriate, including corrective and disciplinary action. Reconciliation of Net Assets Schedule D, Part XI, Line 5 Change in net assets due to unrealized gains on investments carried at market value: $1,836,127 Change in net assets due to the change in fair value of interest rate swaps: $569,589 GOVERNANCE, MANAGEMENT, AND DISCLOSURE PART VI, SECTION B. DISCLOSURE, QUESTION 15B THE USF RESEARCH FOUNDATION DOES NOT HAVE A FORMAL PROCESS FOR DETERMINING COMPENSATION OF OTHER OFFICERS AS IT DOES NOT COMPENSATE ANY OF ITS BOARD MEMBERS, AND THE OFFICERS ARE COMPENSATED THROUGH A RELATED PARTY (THE UNIVERSITY OF SOUTH FLORIDA). CAUSF Office LLC 3802 Spectrum Blvd Suite 100 Tampa FL 33612 550858821 Real Estate FL 0 NA CAUSF RESERACH LLC 3802 SPECTRUM BLVD SUITE 100 TAMPA FL 33612 341982817 REAL ESTATE FL 0 NA UNIVERSITY OF SOUTH FLORIDA 4202 E FOWLER AVE TAMPA FL 33620 593102112 EDUCATION FL 170(B) N/A NA ULTRASONIC TECHNOLOGIES INC 27247 BREAKERS DRIVE WESLEY CHAPEL FL 33544 593460866 TECHNOLOGY FL ULTRASONIC TECH S CORPORATION 2667 0.10000 Modelithics Inc 3650 Spectrum Blvd Suite 170 Tampa FL 33612 593701098 TECHNOLOGY FL Modelithics Inc S Corporation 441 0.05000 BIOPLEX TECHNOLOGIES INC 755 19TH AVENUE NORTH ST PETERSBURG FL 33704 134267231 TECHNOLOGY FL BIOPLEX TECH S CORPORATION -1462 0.08510 INTELLIGENT MICRO PATTERNING LLC 735 ARLINGTON AVE NORTH STE 204 ST PETERSBURG FL 33701 223789879 TECHNOLOGY FL INTELLIGENT PARTNERSHIP -426 0.02000 VODA LLC 734 19TH AVE N ST PETERSBURG FL 33704 208579641 TECHNOLOGY FL VODA LLC PARTNERSHIP -736 0.05000 false false true false false false false false true false false false false true false true true false University of South Florida c 700000 University of South Florida i 5453889 University of South Florida n 910593 University of South Florida q 644323 UNIVERSITY OF SOUTH FLORIDA P 5744442