2024-05-15T13:57:30-07:00 2023-06-30 261159690 GIBSON RUDDOCK PATTERSON LLC 600 SUNLAND PARK BLDG 6 STE 300 EL PASO TX 79912 990 2022-07-01 850379663 ARROWHEAD CENTER INC ARRO 5756466120 PO BOX 30001 MSC 700 LAS CRUCES NM 88003 KATHRYN R HANSEN President & CEO 2024-05-15 true KATHRYN R HANSEN 999009999 true Brenda Yeager P00146357 9153563700 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z KATHRYN R HANSEN PO BOX 30001 MSC 700 LAS CRUCES NM 880038001 1119208 false X ARROWHEADCENTER.NMSU.EDU X 1989 NM TO FOSTER ECONOMIC DEVELOPMENT IN NM IN SUPPORT OF NMSU'S MISSION, FOCUSING ON TECHNOLOGY COMMERCIALIZATION, ENTREPRENEURSHIP, RESEARCH PARK DEVELOPMENT, BUSINESS INCUBATION AND ECONOMIC STUDIES/POLICY ANALYSIS. 19 5 3 5 0 0 795213 1098128 -11347 0 795213 1086781 0 0 308263 323176 0 0 469340 474707 777603 797883 17610 288898 16152327 16116118 14409115 14084008 1743212 2032110 TO PROMOTE PROSPERITY AND PUBLIC WELFARE IN NEW MEXICO THROUGH ECONOMIC DEVELOPMENT. false false 389732 845827 TO PROMOTE NMSU AS A HUB FOR COLLABORATIVE OPPORTUNITIES WITH THE PRIVATEAND PUBLIC SECTORS. 69 STRATEGIC CORPORATE COLLABERATIONS 49 CONTRACTS WITH THE PRIVATE SECTOR 215868 226224 TO ACCELERATE TECHNOLOGY COMMERCIALIZATION AND BUSINESS GROWTH STATEWIDEBUSINESS STARTUPS AND ACCELERATIONS 207 VENTURES WITH INCREASED REVENUE, INVESTMENT OR FUNDING 65 COMMUNITIES IN NEW MEXICO SERVED BY ARROWHEAD PROGRAMS 40400 26077 TRANSITION THE DISCOVERIES, INNOVATIONS AND KNOW-HOW OF NMSU FACULTY, STAFF, AND STUDENTS INTO THE MARKETPLACE7 INCREASE IN NUMBER OF LICENSES AND MATERIAL TRANSFER AGREEMENTS 646000 true false false false false false false false true false false false false true true false true false false false false false false false false false false false false true false false false false false false false false false false false false false true true false true false true 2 0 false 3 true false false false false false false false 0 false false false false false false false X 19 5 false false false false false true true true true false false false true false true false false false false false NM X ROSS JUSTUS 5756462431 PO BOX 30001 MSC 700 LAS CRUCES NM 880038001 ALAN R SHOHO Director 0.03 40.00 X 0 355000 0 GEORGE JAY GOGUE Director 0.03 40.00 X 0 300000 0 BRYAN ASHENBAUM Director 0.02 40.00 X 0 280000 0 LAKSHMI REDDI Director 0.06 40.00 X 0 265436 0 ENRICO PONTELLI Director 0.06 40.00 X 0 264758 0 ROLANDO FLORES Director 0.08 40.00 X 0 262316 0 YOSHITAKA IWASAKI Director 0.05 40.00 X 0 250000 0 LUIS CIFUENTES VICE PRES/SECY 0.05 40.00 X X 0 246435 0 KENNETH VAN WINKLE Director 0.09 40.00 X 0 211800 0 ERIC SANCHEZ Director 0.08 40.00 X 0 209845 0 WAYNE SAVAGE EXECUTIVE DIRECTOR 40.00 0.00 153000 0 0 KATHRYN R HANSEN President & CEO 0.13 40.00 X X 0 131578 0 ROSS JUSTUS Treasurer 0.12 40.00 X X 0 110778 0 AMMU DEVASTHALI Director 0.03 0.00 X 0 0 0 GARRETT MOSELEY Director 0.03 40.00 X 0 0 0 JON CLARK Director 0.00 40.00 X 0 0 0 MICHAEL ROGERS Director 0.08 40.00 X 0 0 0 DAVIN LOPEZ Director 0.08 0.00 X 0 0 0 JAMES C MANATT JR Director 0.13 0.00 X 0 0 0 JACKIE KERBY MOORE Director 0.12 0.00 X 0 0 0 153000 2887946 1 false true false 0 0 COMMERCIALIZ. INTELL.PROP 900099 26077 26077 ENTERPRENEURSH, BUS INCUB 900099 226224 226224 RESEARCH PARK 900099 845827 845827 1098128 0 0 0 0 21080 32427 -11347 -11347 -11347 0 0 0 0 1086781 1086781 0 0 0 0 0 0 300603 206214 94389 0 3974 2437 1537 18599 11408 7191 0 57866 57866 21952 2750 19202 0 0 0 28539 28239 300 0 0 11807 6330 5477 0 301524 301439 85 8837 8837 0 0 0 0 6754 6754 5304 2435 2869 DONATION 19738 19738 ROYALTY EXPENSE 6091 6091 SPONSORSHIPS 3000 3000 MEMBERSHIPS AND DUES 2200 2200 1095 1095 797883 646000 151883 0 1671708 1942752 0 0 30602 58936 0 0 18034 18034 0 0 0 0 105955 73528 0 729831 723077 13596197 13299791 16152327 16116118 22347 16259 360 30873 10381 10089 14376027 14026787 14409115 14084008 X 1743212 2032110 1743212 2032110 16152327 16116118 288898 X false true X true false X X 1 NEW MEXICO STATE UNIVERSITY 856000401 6 false 0 0 1 0 true false false false false false false false false false false false false false false true false false true X Lease Receivable 13278711 Receivable - Regents 21080 13299791 Deferred inflows of resources - Leases 13278710 DUE TO NEW MEXICO STATE UNIVERSITY 25000 Lease payable 723077 14026787 1086781 1086781 1086781 797883 797883 797883 Part IV, Line 2b: Explanation of escrow account liability TENANT SECURITY DEPOSITS: NEW TENANTS ARE REQUIRED TO MAKE SECURITY DEPOSITS, WHICH ARE REFUNDED WHEN THE TENANT LEAVES, SUBJECT TO REDUCTION FOR REPAIRS NECESSITATED BY DAMAGE CAUSED BY THE TENANT DURING OCCUPANCY.PART XIII - SUPPLEMENTAL FINANCIAL INFORMATIONTHE NET ASSETS REPORTED ON FORM 990 DIFFER FROM THE NET ASSETS IN THE AUDITED FINANCIAL STATEMENTS BY $18,034. IN THE YEAR ENDED JUNE 30, 2015, LEGAL FEES PAID FOR ARROWHEAD INNOVATION FUND LP WERE EXPENSED FOR FINANCIAL STATEMENT PURPOSES; FOR TAX PURPOSES, THESE COSTS WERE CAPITALIZED. false false false false false false false false false ALAN R SHOHO Director 355000 355000 BRYAN ASHENBAUM Director 280000 280000 ENRICO PONTELLI Director 264758 264758 ERIC SANCHEZ Director 209845 209845 GEORGE JAY GOGUE Director 300000 300000 KENNETH VAN WINKLE Director 211800 211800 LAKSHMI REDDI Director 265436 265436 LUIS CIFUENTES VICE PRES/SECY 246435 246435 ROLANDO FLORES Director 262316 262316 WAYNE SAVAGE EXECUTIVE DIRECTOR 153000 153000 YOSHITAKA IWASAKI Director 250000 250000 Form 990, Part VI, Section A, Line 7a THE ENTIRE BOARD OF DIRECTORS SHALL BE APPOINTED BY THE REGENTS OF NEW MEXICO STATE UNIVERSITY. Form 990, Part VI, Section A, Line 7b AMENDMENTS TO THE BYLAWS AND ARTICLES OF INCORPORATION ARE SUBJECT TO APPROVAL BY THE NMSU BOARD OF REGENTS. Form 990, Part VI, Section B, Line 11b A DRAFT OF FORM 990 IS PROVIDED BY THE CPA FIRM TO THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER (CEO) FOR REVIEW. Form 990, Part VI, Section B, Line 12c THE ORGANIZATION UTILIZES CONFLICT OF INTEREST/DISCLOSURE FORMS IN ORDER FOR ALL INTERESTED PERSONS (AS DEFINED BY THE POLICY) TO DISCLOSE THE EXISTENCE OF ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THE FORMS ARE REVIEWED BY THE PRESIDENT OF THE BOARD OF DIRECTORS WHO DETERMINES IN ACCORDANCE WITH THE POLICY WHETHER THE APPEARANCE OF A CONFLICT OF INTEREST EXISTS. IF IT IS DETERMINED THAT THE APPEARANCE OF A CONFLICT EXISTS, THE PRESIDENT OF THE BOARD OF DIRECTORS REPORTS TO THE BOARD OF DIRECTORS AND THE INTERESTED PERSON IS GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS. IF AFTER THE HEARING THE INTERESTED PERSON'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES IT IS DETERMINED THAT A CONFLICT OF INTEREST DOES EXIST, IF THE INTERESTED PERSON DISCLOSED THE CONFLICT, THEN IT IS DETERMINED IF THERE IS AN ALTERNATIVE MANAGEMENT PLAN, AND IF NOT THEN THE INTERESTED PERSON IS REMOVED FROM THE DECISION MAKING ROLE. IF IT IS DETERMINED THAT THE INTERESTED PERSON HAS FAILED TO DISCLOSE AN APPEARANCE OF CONFLICT OF INTEREST, APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION IS TAKEN BY THE BOARD OF DIRECTORS. Form 990, Part VI, Section C, Line 19 ARROWHEAD CENTER, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST I.E., BY CONTACTING ARROWHEAD CENTER, INC.'S CEO. FORM 990, PART VI, LINE 12B - CONFLICT OF INTEREST WITHIN 60 DAYS OF STATUS OF BECOMING A DIRECTOR, EACH SHALL SIGN A CONFLICT OF INTEREST/DISCLOSURE FORM. SUPPLEMENTAL DISCLOSURES AND AN UPDATED CONFLICT OF INTEREST/DISCLOSURE FORM TO THE PRESIDENT OF THE BOARD OF DIRECTORS MUST BE SUBMITTED WITHIN 15 DAYS OF A CHANGE IN STATUS OR A FINANCIAL INTEREST BY A DIRECTOR WHICH MAY RESULT IN A CONFLICT OF INTEREST. NEW MEXICO STATE UNIVERSITY PO BOX 30001 MSC 3AA LAS CRUCES NM 88003 856000401 EDUCATION NM N/A false ARROWHEAD INNOVATION FD GP INC 3655 RESEARCH DR GENESIS CTR BLD C LAS CRUCES NM 88003 811103190 INVESTMENT MGMT NM ARROWHEAD CENTER INC C 1.00000 true false false false false false false false false false false true false true true true true false false false NEW MEXICO STATE UNIVERSITY n 208861 FMV NEW MEXICO STATE UNIVERSITY p 123671 FMV