2025-03-14T20:19:38-05:00 2024-06-30 910189318 MOSS ADAMS LLP 21700 OXNARD ST STE 300 WOODLAND HILLS CA 91367 990 2023-07-01 900868685 ASU RESEARCH ENTERPRISE ASUR 4809653759 PO BOX 2260 TEMPE AZ 852802260 VIRGINIA E DESANTO VP & CFO 4809651791 2025-03-11 1 1 WENDY CAMPOS P00448102 8185771900 2025-03-11 2023 2025-03-06 01:10:19Z RYAN GIVEN 1475 N SCOTTSDALE RD STE 161 SCOTTSDALE AZ 85257 2002312 0 X HTTP://ASURE.ASU.EDU X 2012 AZ EXTEND ASU'S REACH TO MEET ITS RESEARCH GOALS THROUGH THE CULTIVATION AND EXECUTION OF APPLIED R&D. 2 2 17 3 0 0 0 170000 806885 1816879 0 0 2240 15433 809125 2002312 1625051 645553 0 0 1094817 314522 0 0 0 816923 215446 3536791 1175521 -2727666 826791 423221 1242408 802089 794485 -378868 447923 SEE SCHEDULE O 0 0 756181 645553 1816879 GROW ASU RESEARCH ENTERPRISE (ASURE) INTO A RECOGNIZED LEADER IN TECHNOLOGY INNOVATION THROUGH APPLIED RESEARCH AND DEVELOPMENT IN ORDER TO STRENGTHEN ASU'S REACH, REPUTATION, AND IMPACT ON THE TOUGHEST CHALLENGES FACING NATIONAL SECURITY AND GLOBAL WELL-BEING. 756181 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 11 0 1 17 1 0 0 0 0 0 0 0 0 0 0 0 0 X 2 2 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X VIRGINIA E DESANTO 4809651791 300 E UNIVERSITY DRIVE TEMPE AZ 85281 DANIEL DILLON DIRECTOR (THRU 3/24) 1.00 39.00 X 0 824034 76505 VIRGINIA E DESANTO FORMER TREASURER 1.00 49.00 X 0 305588 44378 HOPE SHARETT FORMER SECRETARY 1.00 49.00 X 0 292576 49941 RONALD THOMPSON MANAGING DIRECTOR (THRU 9/23) 50.00 X 214017 0 10885 ERIK MERCADO DIRECTOR OF RESEARCH COMPLIANCE SVCS. 40.00 X 132480 0 46367 JUSTIN WHEELER DIRECTOR OF OPERATIONS (THRU 5/24) 40.00 X 150836 0 12633 NICKOLAI BANNICK TELECOM ENGINEER (THRU 11/23) 40.00 X 105987 0 7294 RAJA SURESH MANAGING DIRECTOR (FROM 10/23) 50.00 X 83700 0 2746 ANA ABASTA EXEC. ASST./ OFFICE MGR./SECRETARY 40.00 X 62755 0 23106 RF SHANGRAW JR CHAIR 1.00 X X 0 0 0 SALLY MORTON VICE CHAIR 1.00 1.00 X X 0 0 0 RYAN GIVEN TREASURER 1.00 X 0 0 0 749775 1422198 273855 4 1 1 0 ALLIED UNIVERSAL SECURITY SERVICES 161 WASHINGTON ST STE 600 CONSHOHOCKEN PA 19428 SECURITY SERVICES 252833 KESIS LLC 20280 N 59TH AVE STE 115-638 GLENDALE AZ 853086850 CONSULTANT 112650 2 170000 170000 RESEARCH CONTRACTS 541700 1816879 1816879 1816879 OTHER INCOME 900099 15433 15433 15433 2002312 1816879 0 15433 645553 645553 85833 85833 159575 18626 140949 10502 10502 38328 38328 20284 20284 10305 10305 5267 5267 93102 83436 9666 7422 3407 4015 38231 276 37955 36912 36912 8576 4843 3733 718 718 954 954 PROJECT MATERIALS 11509 11509 FEES AND SUBSCRIPTIONS 2079 29 2050 MEALS AND CULTIVATION 371 11 360 1175521 756181 419340 0 95602 424332 63732 752299 65777 0 261275 65777 2612 0 423221 1242408 383982 530942 0 58747 418107 204796 802089 794485 X -378868 447923 -378868 447923 423221 1242408 826791 0 X 0 1 X 1 0 X 170000 170000 2008562 57625521 8177752 806885 1816879 70435599 2008562 57625521 8177752 806885 1986879 70605599 0 0 0 70605599 21759 2824 26613 2240 15433 68869 2030321 57628345 8204365 809125 2002312 70674468 0.99900 0.99920 0.00000 0.00000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 21,759. 2020 AMOUNT: $ 2,824. 2021 AMOUNT: $ 26,613. 2022 AMOUNT: $ 2,240. 2023 AMOUNT: $ 15,433. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 65777 65777 65777 PAYROLL LIABILITIES 139019 RIGHTS OF USE LEASE LIABILITY 65777 204796 X 4888564 510252 2376000 2886252 2002312 0 2002312 4061773 510252 2376000 2886252 1175521 0 1175521 PART X, LINE 2: ASURE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AND IS FURTHER CLASSIFIED AS A PUBLIC CHARITY AS DESCRIBED IN SECTIONS 509(A)(1) AND 170(B)(1)(A)(IV) OF THE INTERNAL REVENUE CODE. THOUGH GENERALLY TAX-EXEMPT IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSES, 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. 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, 2024, 2023, 2022, 2021, AND 2020 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 FINANCIAL STATEMENTS AS OF JUNE 30, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: SERVICE AGREEMENT REIMBURSEMENT 2,376,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: SERVICE AGREEMENT REIMBURSEMENT 2,376,000. 1 ARIZONA STATE UNIVERSITY PO BOX 870502 TEMPE AZ 85287 860196696 115 645553 0 PROGRAM SUPPORT 1 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS GRANTS MADE ARE MONITORED THROUGH RESEARCH SUBAWARDS. 1 0 0 0 0 0 0 1 0 DANIEL DILLON DIRECTOR (THRU 3/24) 0 565792 0 235000 0 23242 0 45600 0 30905 0 900539 0 0 VIRGINIA E DESANTO FORMER TREASURER 0 278043 0 27545 0 0 0 20865 0 23513 0 349966 0 0 HOPE SHARETT FORMER SECRETARY 0 265956 0 26620 0 0 0 20071 0 29870 0 342517 0 0 RONALD THOMPSON MANAGING DIRECTOR (THRU 9/23) 150684 0 30000 0 33333 0 9692 0 1193 0 224902 0 0 0 ERIK MERCADO DIRECTOR OF RESEARCH COMPLIANCE SVCS 125687 0 6750 0 43 0 9909 0 36458 0 178847 0 0 0 JUSTIN WHEELER DIRECTOR OF OPERATIONS (THRU 5/24) 143836 0 7000 0 0 0 10584 0 2049 0 163469 0 0 0 PART I, LINE 4A RONALD THOMPSON RECEIVED A SEVERANCE PAYMENT OF $33,333. PART I, LINE 7 NON-FIXED PAYMENTS BONUSES ARE GIVEN ON A DISCRETIONARY BASIS BASED ON PERFORMANCE REVIEWS AT THE END OF THE YEAR. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: EXTEND ASU'S REACH TO MEET ITS RESEARCH GOALS THROUGH THE CULTIVATION AND EXECUTION OF APPLIED RESEARCH AND DEVELOPMENT FOR THE TRANSITION OF TECHNOLOGY AND INNOVATION INTO LATER-STAGE READINESS LEVELS AND BY OPERATIONALIZING AGILE MANAGERIAL SERVICES TO DELIVER MATURED SOLUTIONS THAT ADVANCE NATIONAL SECIRUTY AND GLOBAL HUMANITY CHALLENGES. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS ASU ENTERPRISE PARTNERS ("EP") SERVES AS THE SOLE MEMBER OF THE ORGANIZATION, AND PROVIDES IT WITH VARIOUS SUPPORTING SERVICES, SUCH AS LEGAL, HUMAN RESOURCES, FINANCIAL, MARKETING AND TECHNICAL SERVICES. FORM 990, PART VI, SECTION A, LINE 7A POWER TO ELECT PER THE BYLAWS OF ASURE, THE FOLLOWING ACTIONS SHALL NOT BE TAKEN BY THE CORPORATION WITHOUT THE APPROVAL OF THE MEMBER: ELECTION AND REMOVAL OF DIRECTORS OTHER THAN EX OFFICIO DIRECTORS OR DIRECTORS DESIGNATED AS "KEY MANAGEMENT PERSONNEL" FOR PURPOSES OF MAINTAINING COMPLIANCE WITH CERTAIN FEDERAL SECURITY CLEARANCE REQUIREMENTS, AMENDMENT OF THE ARTICLES OF INCORPORATION OF THE CORPORATION, AMENDMENT OF THE BYLAWS OF THE CORPORATION, MERGER, CONSOLIDATION OR DISSOLUTION OF THE CORPORATION, AND THE CREATION OF ANY SUBSIDIARIES OR AFFILIATES OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL SEE PART VI, LINE 7A DISCLOSURE FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS ASURE'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE DRAFT IS SUBMITTED TO ASURE'S MANAGEMENT AND TREASURER FOR REVIEW AND ACCURACY OF REPORTING. A FULL COPY OF THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS. IT IS THEN SIGNED BY THE TREASURER 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 ARE REQUIRED TO DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS RELATED TO THEIR INVOLVEMENT WITH ASURE. 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 EP'S GENERAL COUNSEL. ANY IDENTIFIED CONFLICTS WOULD BE REVIEWED BY THE BOARD CHAIR AND THE MANAGING DIRECTOR TO DETERMINE ANY MITIGATION ACTIONS NEEDED. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR ESTABLISHING COMPENSATION OF PRESIDENT/CEO AND KEY EMPLOYEES THE BOARD OF DIRECTORS APPROVES THE COMPENSATION PACKAGE FOR THE MANAGING DIRECTOR BASED ON CURRENT MARKET COMPARISONS PROVIDED BY EP'S HUMAN RESOURCES DEPARTMENT (WHICH OBTAINS THIS INFORMATION FROM AN INDEPENDENT COMPENSATION CONSULTANT), RESPONSIBILITIES OF THE POSITION, GOALS OF ASURE, AND NEGOTIATIONS WITH THE MANAGING DIRECTOR. ALL OTHER COMPENSATION DECISIONS FOR ALL EMPLOYEES HAVE BEEN DELEGATED FROM THE BOARD OF DIRECTORS TO THE MANAGING DIRECTOR, WHO FOLLOWS A SIMILAR PROCESS AS DESCRIBED. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS MADE AVAILABLE TO THE PUBLIC THE FORM 1023 AND FORM 990 FOR ASURE ARE AVAILABLE UPON REQUEST. ASURE DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. 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