2026-03-20T11:41:50-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 6320 CANOGA AVENUE 17TH FLOOR WOODLAND HILLS CA 91367 990 2024-07-01 475599177 ASU ENTERPRISE PARTNERS ASUE 4809653759 PO BOX 2260 TEMPE AZ 852802260 VIRGINIA E DESANTO VP/TREASURER/CFO 4809653759 2026-03-18 1 1 WENDY CAMPOS P00448102 8185771900 2026-03-18 2024 2025-03-06 01:10:19Z MERIDITH RENTZ PO BOX 2260 TEMPE AZ 852802260 50614825 0 X WWW.ASUENTERPRISEPARTNERS.ORG X 2015 AZ ORGANIZATION'S MISSIONASU ENTERPRISE PARTNERS ("ASUEP") SERVES AS THE RESOURCE-RAISING ARM OF ARIZONA STATE UNIVERSITY. AS THE PARENT ORGANIZATION OF FIVE NONPROFITS THAT ARE EACH TASKED WITH IDENTIFYING NEW REVENUE OPPORTUNITIES, ASU ENTERPRISE PARTNERS REPRESENTS A HIGHLY EFFICIENT MODEL FOR DIVERSIFIED REVENUE GENERATION. THROUGH ITS NONPROFITS, ASU ENTERPRISE PARTNERS INVESTS IN INITIATIVES AND PARTNERSHIP OPPORTUNITIES THAT PROVIDE RESOURCES TO ARIZONA STATE UNIVERSITY. 9 8 178 9 0 0 293954 14816150 3717481 3868805 4232250 3858635 5887538 3597793 14131223 26141383 3438775 6997781 0 0 9030576 7517642 0 0 240698 11739778 10962948 24209129 25478371 -10077906 663012 367975233 394391590 132222957 121413387 235752276 272978203 X SEE SCHEDULE OORGANIZATION'S MISSIONASU ENTERPRISE PARTNERS SERVES AS THE RESOURCE-RAISING ARM OF ARIZONA STATE UNIVERSITY. AS THE PARENT ORGANIZATION OF FIVE NONPROFITS THAT ARE EACH TASKED WITH IDENTIFYING NEW REVENUE OPPORTUNITIES, ASU ENTERPRISE PARTNERS REPRESENTS A HIGHLY EFFICIENT MODEL FOR DIVERSIFIED REVENUE GENERATION. THROUGH ITS NONPROFITS, ASU ENTERPRISE PARTNERS INVESTS IN INITIATIVES AND PARTNERSHIP OPPORTUNITIES THAT PROVIDE RESOURCES TO ARIZONA STATE UNIVERSITY. 0 0 4747594 25 3602541 SEE SCHEDULE OASUEP THROUGH ITS SUBSIDIARY UNIVERSITY REALTY AIMS TO ADVANCE ASU BY ACCEPTING AND MONETIZING COMMERCIAL OFFICE, RETAIL, AND MULTIFAMILY BUILDINGS. ADDITIONALLY, THEY TAKE ADVANTAGE OF OPPORTUNITIES TO INVEST, ACQUIRE, AND DISPOSE OF REAL ESTATE AT LOGICAL POINTS IN REAL ESTATE CYCLES. BUILDING DESIGN, CONSTRUCTION, AND FINANCING OF OFFICE, INDUSTRIAL, AND MULTI-FAMILY PROJECTS. CURRENTLY, THE ORGANIZATION HOLDS $44.8 MILLION IN LAND AND BUILDING INVESTMENTS. UNIVERSITY REALTY OVERSEES PROJECTS NATIONWIDE, FROM SKYSONG IN SCOTTSDALE, TO BRICKYARD IN TEMPE, TO THE WASHINGTON CENTER IN THE HEART OF THE DISTRICT OF COLUMBIA, TO THE HERALD EXAMINER BUILDING IN LOS ANGELES. 1471596 8000 1401126 SEE SCHEDULE OSKYSONG INNOVATIONS, LLC IS AN ARIZONA LIMITED LIABILITY COMPANY AND WHOLLY OWNED SUBSIDIARY OF ASUEP WHICH, SOLELY FOR TAX PURPOSES, MAKES IT A DISREGARDED ENTITY OF ASUEP. SKYSONG WORKS WITH ASU FACULTY, POSTDOCS, AND STUDENTS TO TRANSLATE THEIR RESEARCH INNOVATIONS INTOCOMMERCIAL APPLICATIONS. TO DATE, MORE THAN 260 STARTUPS HAVE BEEN LAUNCHED BASED ON ASU INNOVATIONS, ATTRACTING MORE THAN $1.5 BILLION IN FUNDING FROM OUTSIDE INVESTORS, GENERATING SUBSTANTIAL LOCAL ECONOMIC MPACT. THE NATIONAL ACADEMY OF INVENTORS AND THE INTELLECTUAL PROPERTY WNERS ASSOCIATION NOW RANKS ASU NUMBER 9 WORLDWIDE AND 5TH IN THE U.S. FOR US PATENTS GRANTED TO UNIVERSITIES. 9058091 6989756 2154180 SEE SCHEDULE OASUEP MANAGES INVESTMENT POOLS AND PROGRAMS THAT GENERATE REVENUE THROUGH INVESTMENTS IN EDUCATION TECHNOLOGY COMPANIES AND AN ANGEL INVESTOR MEMBERSHIP PROGRAM TO ADVANCE ASU-AFFILIATED STARTUPS. 15277281 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 122 0 1 178 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X VIRGINIA E DESANTO 4809657825 PO BOX 2260 TEMPE AZ 852802260 MERIDITH RENTZ CHIEF ENTERPRISE PARTNERS OFFICER 40.00 10.00 X X 370713 0 47483 JOHN GRAHAM CHAIR 1.00 1.00 X X 0 0 0 JUANITA FRANCIS VICE CHAIR 1.00 1.00 X X 0 0 0 NICOLE COLYER SECRETARY (THRU 8/24) 1.00 1.00 X X 0 0 0 STEVE BETTS DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL CROW DIRECTOR 1.00 1.00 X 0 0 0 CHRIS HOWARD DIRECTOR 1.00 1.00 X 0 0 0 LISA LOO DIRECTOR 1.00 2.00 X 0 0 0 ANNE MARIUCCI DIRECTOR 1.00 1.00 X 0 0 0 MORGAN OLSEN DIRECTOR 1.00 2.00 X 0 0 0 VIRGINIA E DESANTO VP, CFO & TREASURER 38.00 12.00 X 295939 0 44812 MACKENZIE WOODS GENERAL COUNSEL, SECRETARY (AS OF 9/24) 47.00 3.00 X 65376 0 12087 AUGUSTINE CHENG MANAGING DIRECTOR & CEO (SI) 50.00 0.00 X 595793 0 51857 JEFF MINDLIN CHIEF INVEST. OFFICER/MANAGING DIR. UR 40.00 0.00 X 383722 0 61369 JEFF ROBERTS MANAGING DIR. UR (THRU 1/25) 50.00 0.00 X 347460 0 48020 KYLE SIEGAL ED & CHIEF PATENT COUNSEL 40.00 0.00 X 328679 0 60569 CHARLIE LEWIS VP VENTURE DEV. & PHYS SCI. (SI) 40.00 0.00 X 256167 0 45936 SAMANTHA BRADLEY MANAGING DIR. REALM SPARK 40.00 0.00 X 229533 0 34189 GINA MILLER CHIEF PEOPLE OFFICER 40.00 0.00 X 212713 0 36695 ERIN BARRINGER-STERNER CHIEF DATA OFFICER 40.00 0.00 X 209005 0 17256 DANIEL DILLON FORMER PRESIDENT & CEO 38.00 2.00 X 177026 0 21294 3472126 0 481567 54 1 1 0 WORKDAY INC PO BOX 886106 LOS ANGELES CA 90088 SOFTWARE SERVICES 1436707 POLSINELLI PC 700 W 47TH ST STE 1000 KANSAS CITY MO 64112 SI PATENT PROSECUTION 989222 SALESFORCECOM INC 415 MISSION ST 3RD FL SAN FRANCISCO CA 94105 SOFTWARE SERVICES 738115 BOOTH UDALL FULLER PLC 1255 W RIO SALADO PKWY 215 TEMPE AZ 85281 SI PATENT PROSECUTION 641529 QUARLES AND BRADY LLP TWO N CENTRAL AVE PHOENIX AZ 85004 EP LEGAL SVS & SI PATENT PROSECUTION 548156 27 14798147 18003 14816150 PROGRAM RENTALS 532000 2301661 2301661 PROGRAM SUPPORT 611710 1236999 1236999 PROGRAM REV & MBRSHP 541900 330145 330145 3868805 3774199 3774199 110764 110764 197987 0 197987 197987 197987 24557878 24473442 84436 84436 84436 ASSET MANAGMENT FEES 900099 2653901 2653901 OTHER PROGRAM SERVICE 900099 635141 635141 3289042 26141383 7157847 0 4167386 6997781 6997781 1112027 324198 667216 120613 4836176 742763 4009826 83587 261700 42649 219051 933465 52982 845502 34981 374274 57319 316955 269922 134505 135417 1093938 936397 157541 62205 62205 430000 430000 708283 708283 943157 393442 549715 22759 22759 1530455 1266208 262730 1517 1531659 8691 1522968 1333299 1298309 34990 104092 16550 87542 34664 1514 33150 796954 768320 28634 261385 62500 198885 PROGRAM RENTAL EXPENSES 1125359 1125359 OTHER EXPENSES 364844 333083 31761 FEES AND SUBSCRIPTIONS 178443 5718 172725 MEALS AND CULTIVATION 171530 710 170820 25478371 15277281 9960392 240698 6593353 5687682 2039820 0 16831429 29737960 492193 399829 70889372 15937867 60009933 54951505 259096606 281350905 22911899 22263709 367975233 394391590 24390229 27029450 263133 287846 46330066 43070250 61239529 51025841 132222957 121413387 X 234574929 271728393 1177347 1249810 235752276 272978203 367975233 394391590 X 663012 35826155 708283 28477 X 0 1 X 1 0 X 13416747 5357054 4334297 293954 14816150 38218202 13416747 5357054 4334297 293954 14816150 38218202 12579864 25638338 7322545 7913804 4133442 4385849 4082950 27838590 66056792 57899991 0.38810 0.19710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 160000 160000 270000 360000 430000 520000 25048371 264992476 25478371 265512476 1000000 1000000 250000 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 309780 335408 360196 520000 1525384 250000 250000 250000 250000 1000000 1500000 0 0 0 160000 160000 SCHEDULE C, PART II-A: INFORMATION REGARDING LOBBYING ACTIVITIES AS A PART OF ITS MISSION, ASU ENTERPRISE PARTNERS, CONTRIBUTES TO PUBLIC COMMUNICATION AND ADVOCACY ACTIVITIES THAT SUPPORT HIGHER EDUCATION IN ARIZONA AND THE NEED FOR ADEQUATE FUNDING TO PROVIDE EXCELLENT EDUCATIONAL OPPORTUNITIES FOR ARIZONA RESIDENTS. 6250000 6250000 38580000 19181974 10628207 47133767 2112186 1972996 139190 4765212 3336664 1428548 54951505 NET INV DIRECT FINANCING 13385000 ASSETS WITH LIMITED USE 8253377 OTHER ASSETS 625332 22263709 ASSETS HELD FOR OTHER ENTITIES 45087761 INTEREST RATE SWAPS LIABILITY 1706498 OTHER LIABILITIES 4231582 51025841 X 551491349 35826155 489523811 525349966 26141383 0 26141383 289245132 244090112 244090112 45155020 708283 -20384932 -19676649 25478371 PART X, LINE 2: LIABILITY FOR UNCERTAIN TAX POSITION (ASC 740) ASU ENTERPRISE PARTNERS ("ASUEP") IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AND IS FURTHER CLASSIFIED AS PUBLIC CHARITY AS DESCRIBED IN SECTIONS 509(A)(1) AND 170(B)(1)(A)(IV) OF THE INTERNAL REVENUE CODE (CODE). THE ORGANIZATION IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. UR AND SI AND ALL SINGLE MEMBER LLCS UNDER THEM HAVE NOT ELECTED TO BE TAXED AS CORPORATIONS AND, THEREFORE, ARE ALL DISREGARDED ENTITIES OF ASUEP FOR FEDERAL, STATE, AND LOCAL INCOME TAX PURPOSES. VENTURES IS A FOR PROFIT CORPORATION WHOLLY OWNED BY SI, AND IS A SEPARATE ENTITY FOR FEDERAL, STATE, AND LOCAL INCOME TAX PURPOSES. THE ORGANIZATION FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE TAX YEARS ENDING JUNE 30, 2025, 2024, 2023, 2022, AND 2021 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: ASUF REVENUE 458,341,814. ASURE REVENUE 3,192,846. ECASU REVENUE 7,782,127. OH REVENUE 19,901,243. RESERVES SUBSIDY -2,018,000. SERVICE AGREEMENT - COST REIMBURSEMENT 22,990,691. CHANGE IN VALUE INTEREST RATE SWAP 28,477. PROGRAM RENTAL EXPENSES -1,125,359. ELIMINATIONS BETWEEN OUTSIDE ENTITIES -24,412,198. NEWSELL REVENUE 4,304,570. SHARED SERVICES ALLOCATION FROM OTHER AFFILIATES 537,600. PART XII, LINE 2D - OTHER ADJUSTMENTS: ASUF EXPENSE 246,773,478. ASURE EXPENSE 2,656,979. ECASU EXPENSE 7,923,423. OH EXPENSE 24,233,744. ELIMINATIONS BETWEEN EP/UR/SI 4,252,511. ELIMINATIONS BETWEEN OUTSIDE ENTITIES -44,883,447. NW EXPENSE 3,133,424. PART XII, LINE 4B - OTHER ADJUSTMENTS: PROGRAM RENTAL EXPENSES 1,125,359. RESERVES SUBSIDY 2,018,000. ASUEP SERVICE AGREEMENT - COST REIMBURSEMENT -13,569,610. AZTE SERVICE AGREEMENT - COST REIMBURSEMENT -9,421,081. SHARED SERVICES ALLOCATION FROM OTHER AFFILIATES -537,600. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CONSULTING AND SOFTWARE SERVICES 64466 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES LEGAL/RECRUITMENT/SOFTWARE SERVICES 90994 NORTH AMERICA 0 0 PROGRAM SERVICES RECRUITMENT SERVICES 43985 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES CONSULTING SERVICES 12660 0 0 0 0 0 0 212105 0 212105 0 0 0 0 0 0 1 ARIZONA STATE UNIVERSITY PO BOX 877505 TEMPE AZ 85287 860196696 115 84823 0 PROGRAM SUPPORT ASU ENTERPRISE PARTNERS OUTREACH HUB PO BOX 2260 TEMPE AZ 852802260 882681235 501(C)(3) 2595736 0 PROGRAM SUPPORT ASU FOUNDATION FOR A NEW AMERICAN UNIVERSITY PO BOX 2260 TEMPE AZ 852802260 866051042 501(C)(3) 4306168 0 PROGRAM SUPPORT 3 0 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS GRANTS PAID CONSIST OF FUNDS PROVIDED TO ARIZONA STATE UNIVERSITY AND OTHER NON-PROFITS FOR ASU RELATED INITIATIVES, WHICH ARE ACCOUNTED FOR AND MONITORED THROUGH THE USE OF ACCOUNTS AND ACCOUNT PURPOSE AT THE TIME OF EACH DISBURSEMENT. X X X X 1 1 X X X 0 0 0 0 0 0 0 1 0 AUGUSTINE CHENG MANAGING DIRECTOR & CEO (SI) 444067 0 137675 0 14051 0 24150 0 27707 0 647650 0 0 0 JEFF MINDLIN CHIEF INVEST. OFFICER/MANAGING DIR. 319450 0 64272 0 0 0 23883 0 37486 0 445091 0 0 0 MERIDITH RENTZ CHIEF ENTERPRISE PARTNERS OFFICER 334429 0 28000 0 8284 0 16340 0 31143 0 418196 0 0 0 JEFF ROBERTS MANAGING DIR. UR (THRU 1/25) 315935 0 31500 0 25 0 24150 0 23870 0 395480 0 0 0 KYLE SIEGAL ED & CHIEF PATENT COUNSEL 303679 0 25000 0 0 0 22591 0 37978 0 389248 0 0 0 VIRGINIA E DESANTO VP, CFO & TREASURER 287262 0 8677 0 0 0 20770 0 24042 0 340751 0 0 0 CHARLIE LEWIS VP VENTURE DEV. & PHYS SCI. (SI) 240164 0 15701 0 302 0 18240 0 27696 0 302103 0 0 0 SAMANTHA BRADLEY MANAGING DIR. REALM SPARK 218587 0 10946 0 0 0 16397 0 17792 0 263722 0 0 0 GINA MILLER CHIEF PEOPLE OFFICER 202703 0 10010 0 0 0 10949 0 25746 0 249408 0 0 0 ERIN BARRINGER-STERNER CHIEF DATA OFFICER 202105 0 6900 0 0 0 14348 0 2908 0 226261 0 0 0 DANIEL DILLON FORMER PRESIDENT & CEO 170236 0 0 0 6790 0 11511 0 9783 0 198320 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE THE CEO OF SKYSONG INNOVATIONS, LLC ("SKYSONG") RECEIVES A HOUSING ALLOWANCE, WHICH IS TREATED AS TAXABLE COMPENSATION ON FORM W-2 AND REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). TRAVEL FOR COMPANIONS THE CEO OF SKYSONG INNOVATIONS RECEIVES TRAVEL REIMBURSEMENTS FOR HIMSELF AND HIS SPOUSE, WHICH IS TREATED AS TAXABLE COMPENSATION ON FORM W-2 AND REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). TAX IDEMNIFICATION AND GROSS-UP PAYMENTS THE CEO OF SKYSONG INNOVATIONS RECEIVES TAX GROSS-UP PAYMENTS IN RELATION TO AMOUNTS PAID TO HIM FOR HIS HOUSING ALLOWANCE, TAXABLE SPOUSAL TRAVEL, AND REIMBURSEMENT FOR INTERNET EXPENSES. THE GROSS-UPS ARE TREATED AS TAXABLE COMPENSATION ON FORM W-2 AND REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). SOCIAL CLUB DUES OR INITIATION FEES ASUEP PROVIDED THE FORMER PRESIDENT AND CEO WITH A MEMBERSHIP TO A SOCIAL CLUB TO USE FOR BUSINESS PURPOSES. THE MEMBERSHIP IS NON-TAXABLE TO THE FORMER PRESIDENT AND CEO AND REPORTED AS NON-TAXABLE BENEFITS ON SCHEDULE J, PART II, COLUMN (D). PART I, LINE 7 NON-FIXED PAYMENTS FOR ASUEP AND ITS DISREGARDED SUBSIDIARIES, SUCH AS SKYSONG, NON-FIXED PAYMENTS ARE BASED ON COMPENSATION AGREEMENTS AND SUCCESS BENCHMARKS STATED IN EMPLOYMENT CONTRACTS. NON-FIXED COMPENSATION IS APPROVED BY THE RESPECTIVE ENTITY'S BOARD OF DIRECTORS IN RELIANCE ON REASONABLE COMPENSATION OPINIONS ISSUED BY INDEPENDENT THIRD-PARTY CONSULTANTS, SUCH AS MERCER. SCHEDULE J, PART II QUESTIONS REGARDING COMPENSATION BECAUSE SKYSONG INNOVATIONS, LLC IS A WHOLLY OWNED SUBSIDIARY AND DISREGARDED ENTITY OF ASUEP FOR TAX PURPOSES, TWO MEMBERS OF SKYSONG'S MANAGEMENT ARE REPORTED IN THIS SECTION. THE BOARD OF DIRECTORS OF SKYSONG INNOVATIONS IS RESPONSIBLE FOR THE OVERSIGHT AND MANAGEMENT OF SKYSONG, INCLUDING OPERATIONAL ACTIVITIES AND COMPENSATION. A THE INDUSTRIAL DEV AUTH OF THE CITY OF TEMPE AZ 860439481 87972MAB8 2004-01-07 22420000 ACQUIRE, IMPROVE, AND EQUIP FACILITY 0 0 0 B THE INDUSTRIAL DEV AUTH OF THE CITY OF TEMPE AZ 860439481 NONEAVAIL 2021-11-09 30425000 BOND REFUNDING ISSUE 0 0 0 A 3495000 22475006 738106 277740 21459160 2004 0 0 1 1 B 14355000 30425000 30425000 2021 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 1 1 BANK OF AMERICA 30.000000000000 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART I, BONDS A & B, ISSUER NAME: THE INDUSTRIAL DEV. AUTH. OF THE CITY OF TEMPE, AZ. SCHEDULE K, PART I, BOND A, PURPOSE OF BOND: TO ACQUIRE, IMPROVE, AND EQUIP FACILITY. SCHEDULE K, PART I, BOND B, PURPOSE OF BOND: THE BOND ISSUED 11/09/2021 WAS USED TO REISSUE A BOND ON 04/22/2014 WHICH WAS ORIGINALLY ISSUED ON 10/28/2003 SCHEDULE K, PART II, LINE 3, BOND A, ISSUE PRICE: THE DIFFERENCE BETWEEN THE ISSUE PRICE LISTED IN PART I, COLUMN (E) AND THE TOTAL PROCEEDS OF ISSUE IN PART II, LINE 3 FOR BOND A REPRESENTS INTEREST INCOME. SCHEDULE K, PART IV, LINE 2C, BONDS A & B, REBATE COMPUTATION: THE REBATE COMPUTATION FOR THE 2004 BOND A WAS LAST PERFORMED ON 06/30/2024. THE REBATE COMPUTATION FOR THE 2021 BOND B WAS LAST PERFORMED ON 11/09/2021. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS ASUEP'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE DRAFT IS SUBMITTED TO ASUEP'S MANAGEMENT FOR REVIEW AND ACCURACY OF REPORTING. THE BOARD OF DIRECTORS HAS DELEGATED REVIEW OF THE FORM 990 TO THE AUDIT COMMITTEE. MANAGEMENT AND A REPRESENTATIVE OF THE OUTSIDE ACCOUNTING FIRM REVIEW THE FORM 990 WITH THE AUDIT COMMITTEE. ONCE APPROVED AND ACCEPTED BY THE AUDIT COMMITTEE, A FULL COPY OF THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS. IT IS THEN SIGNED BY THE CFO AND SUBMITTED ELECTRONICALLY TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PROCESS FOR MONITORING AND ENFORCEMENT OF CONFLICT OF INTEREST POLICY UPON HIRE AND ON AN ANNUAL BASIS, ALL EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS RELATING TO THEIR INVOLVEMENT WITH ASUEP. IN ADDITION, ANY TIME THE EMPLOYEE BECOMES AWARE OF A NEW CONFLICT, THEY ARE REQUIRED TO SUBMIT AN UPDATED CONFLICT OF INTEREST/COMMITMENT FORM TO THE ASUEP'S GENERAL COUNSEL. ANY IDENTIFIED CONFLICTS WOULD BE REVIEWED BY THE BOARD CHAIR AND THE CEO TO DETERMINE ANY MITIGATION ACTIONS NEEDED. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION DECISIONS FOR ASUEP'S CHIEF ENTERPRISE OFFICER ("CEPO") AND SKYSONG'S CEO ARE MADE BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS APPROVES OF ASUEP (IN THE CASE OF ASUEP CEPO) AND SKYSONG (IN THE CASE OF THE SKYSONG CEO). EACH BOARD APPROVES THE COMPENSATION PACKAGE BASED ON REASONABLENESS OPINIONS ISSUED BY INDEPENDENT COMPENSATION CONSULTANTS BASED ON CURRENT MARKET COMPARISONS, RESPONSIBILITIES OF THE POSITION, GOALS, AND NEGOTIATIONS WITH THE EMPLOYEE. ALL OTHER COMPENSATION DECISIONS FOR KEY EMPLOYEES HAVE BEEN DELEGATED FROM THE RESPECTIVE BOARD OF DIRECTORS TO THE CEPO (FOR ASUEP) AND CEO (FOR SKYSONG), WHO FOLLOWS A SIMILAR PROCESS AS DESCRIBED, RELYING ON INDEPENDENT THIRD-PARTY COMPARABLE COMPENSATION DATA. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS MADE AVAILABLE TO THE PUBLIC THE FORM 1023, FORM 990 AND FORM 990-T FOR ASUEP ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIALS STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN VALUE INTEREST RATE SWAP 28,477. ATTAINMENT INTERMEDIATE HOLDINGS LLC PO BOX 2260 TEMPE AZ 85280 475599177 INVESTMENT AZ ASUEP HOLDINGS LLC SKYSONG INNOVATIONS LLC PO BOX 2260 TEMPE AZ 85280 475599177 INTELLECTUAL PROPERTY AZ 11013089 23094705 EP ASUEP HOLDINGS LLC PO BOX 2260 TEMPE AZ 85280 475599177 INVESTMENT AZ 27207554 179213155 EP UNIVERSITY REALTY LLC PO BOX 2260 TEMPE AZ 85280 475599177 REAL ESTATE AZ 4059023 144579694 EP STUDIO 5C LLC PO BOX 2260 TEMPE AZ 85280 475599177 REAL ESTATE AZ UR RANCHO DEL PRADOCOLTON LLC PO BOX 2260 TEMPE AZ 85280 475599177 REAL ESTATE AZ UR MIRABELLA ASU TEMPE LLC PO BOX 2260 TEMPE AZ 85280 475599177 REAL ESTATE AZ UR ASUF LLC PO BOX 2260 TEMPE AZ 85280 475599177 REAL ESTATE AZ UR ASUF SCOTTSDALE LLC PO BOX 2260 TEMPE AZ 85280 475599177 REAL ESTATE AZ UR ASUF BRICKYARD LLC PO BOX 2260 TEMPE AZ 85280 475599177 REAL ESTATE AZ UR UR LA LLC PO BOX 2260 TEMPE AZ 85280 475599177 REAL ESTATE AZ UR PACKARD RESIDENTIAL 1 LLC PO BOX 2260 TEMPE AZ 85280 475599177 REAL ESTATE AZ UR RIO SALADO CREATIVE OFFICE 1 LLC PO BOX 2260 TEMPE AZ 85280 475599177 REAL ESTATE AZ UR SIXTH STREET OFFICE 1 LLC PO BOX 2260 TEMPE AZ 85280 475599177 REAL ESTATE AZ UR MILO SPACE SCIENCE INSTITUTE LLC PO BOX 2260 TEMPE AZ 85280 475599177 RESEARCH AZ 504362 55444 EP RURAL ROAD RESIDENTIAL I LLC PO BOX 2260 TEMPE AZ 85280 475599177 REAL ESTATE AZ UR ASU FOUNDATION PO BOX 2260 TEMPE AZ 852802260 866051042 SUPPORT AZ 501(C)(3) LINE 5 EP 1 ASU RESEARCH ENTERPRISE PO BOX 2260 TEMPE AZ 852802260 900868685 SUPPORT AZ 501(C)(3) LINE 10 EP 1 RESEARCH COLLABORATORY AT ASU PO BOX 2260 TEMPE AZ 852802260 463815674 SUPPORT AZ 501(C)(3) LINE 7 EP 1 TAYLOR TRUST FBO ASU FOUNDATION PO BOX 2260 TEMPE AZ 852802260 866252445 SUPPORT AZ 501(C)(3) LINE 12A, I ASUF 1 ASU FOUNDATION MEXICO AC SIERRA MOJADA 626 EDIFICIO NO CIUD CIUDAD DE MEXICO MX 1101 EDUCATION MX 501(C)(3) GLOBAL III 1 RCASU GERMANY GGMBH VALENTINSKAMP 70 HAMBURG GM 20355 HOLDING CO. 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