2024-02-14T09:45:23-06:00 2023-09-30 PWC US TAX LLP 655 NEW YORK AVE NW SUITE 1100 WASHINGTON DC 20001 990 2022-10-01 833566518 AUBURN RESEARCH PARK I % MELANIE WRIGHT AUBU 3348447480 570 DEVALL DRIVE SUITE 101 AUBURN AL 36832 DR STEVEN TAYLOR ARTF PRESIDENT 3348444623 2024-02-12 DR STEVEN TAYLOR XXX-XX-XXXX TRAVIS L PATTON P00369623 2054144000 2024-02-12 2 2022 2023-04-26 12:10:37Z DR STEVEN TAYLOR 570 DEVALL DRIVE SUITE 101 AUBURN AL 36832 3338046 false X N/A X 2019 AL ARPI WAS ESTABLISHED AS A SPECIAL PURPOSE ENTITY TO TAKE ADVANTAGE OF THE NEW MARKET TAX CREDIT FINANCING. 5 3 0 0 456464 0 0 0 42 95 3411308 3337951 3867814 3338046 0 0 0 0 0 0 0 0 0 3392443 3299190 3392443 3299190 475371 38856 36466656 36410979 38250673 37974082 -1784017 -1563103 ARPI WAS ESTABLISHED AS A SPECIAL PURPOSE ENTITY TO TAKE ADVANTAGE OF THE NEW MARKET TAX CREDIT FINANCING. false false 3299190 3338046 On September 16, 2020, the Foundation entered into a thirty-year lease agreement to lease space inside Building 5, owned by ARPI. ARTF plans to operate an event center and sublease caf space inside the new building. 3299190 true false false false false false false false false false true false false false true false false true 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 false true false true 3 0 true 0 false false false false false false false false false false false false false false false false false X 5 3 false false false false false true false true false false false true true true true true true false false false AL X MELANIE WRIGHT 3348446537 570 DEVALL DRIVE STE 101 AUBURN AL 36832 JAMES WEYHENMEYER PRESIDENT ending 7/13/23 1.0 0.0 X 0 397468 42596 STEVEN TAYLOR PRESIDENT eff 7/21/23 1.0 0.0 X X 0 316502 45489 BILL DEAN EXECUTIVE DIRECTOR 1.0 0.0 X X 0 240131 26677 CARY CHANDLER SENIOR DIRECTOR 1.0 0.0 X X 0 153999 28869 JAMES SANFORD CHAIRMAN 1.0 0.0 X X 0 0 0 BILL HAM DIRECTOR 1.0 0.0 X 0 0 0 CAROLINE ADERHOLDT DIRECTOR 1.0 0.0 X 0 0 0 0 1108100 143631 0 true true false 0 0 0 95 95 0 0 3337770 3337770 0 3337770 3337770 0 0 0 0 0 0 0 0 0 0 OTHER INCOME 181 181 181 3338046 3338046 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 51874 51874 0 17500 17500 0 0 151284 151284 0 0 0 1511206 1511206 0 1311860 1311860 0 REPAIRS AND MAINTENANCE 254896 254896 OTHER EXPENSES 570 570 0 0 3299190 3299190 0 0 X 122250 282207 0 0 0 0 1253904 1926043 0 0 0 0 0 0 0 0 0 0 37894142 3725472 35061327 34168670 0 0 0 0 0 0 0 0 29175 34059 36466656 36410979 43833 39981 0 0 194979 253504 0 0 0 0 0 0 37510515 37200811 0 0 501346 479786 38250673 37974082 X -1784017 -1563103 0 0 -1784017 -1563103 36466656 36410979 X 38856 182058 X false true X true false X X X 1 AUBURN UNIVERSITY 636000724 2 true 0 0 1 0 0 true false false false false false false false false false false false false false false true true true X SCHEDULE A, PART IV, SECTION D, LINE 2, 3 & SECTION E, LINE 1C ALTHOUGH ARPI IS SEPARATE AND INDEPENDENT FROM THE UNIVERSITY, ITS MISSION IS TO FACILITATE THE ACQUISITION, CONSTRUCTION AND EQUIPPING OF A TECHNOLOGY AND RESEARCH PARK ON THE UNIVERSITY'S CAMPUS IN ORDER TO CREATE NEW ACADEMIC AND ENTREPRENEURIAL OPPORTUNITIES FOR THE UNIVERSITY'S FACULTY AND STUDENTS. CONSIDERATION RECEIVED BY THE UNIVERSITY FROM THE FOUNDATION INCLUDES THE TRADITIONAL BENEFITS ENJOYED BY A UNIVERSITY FROM AN AFFILIATED RESEARCH PARK, INCLUDING BUT NOT LIMITED TO, INCREASED EXPOSURE FOR DEVELOPMENT AND COMMERCIALIZATION OF THE UNIVERSITY'S INTELLECTUAL PROPERTY AND TECHNOLOGIES, INCREASED RESEARCH OPPORTUNITIES FOR THE UNIVERSITY'S STUDENTS AND PROFESSORS, AND HEIGHTENED EXPOSURE WITHIN THE COMMERCIAL WORLD OF THE TECHNOLOGICAL CAMPUS OFFERINGS. ARPI's BOARD INCLUDES MEMBERS WHO ARE ALSO MEMBERS OF THE VCOM BOARD OF DIRECTORS, AUBURN UNIVERSITY FOUNDATION BOARD OF DIRECTORS, UNIVERSITY BOARD OF TRUSTEES AS WELL AS OTHER UNIVERSITY EMPLOYEES. A BANKING RELATIONSHIP EXISTS BETWEEN ARPI AND A FINANCIAL INSTITUTION WHOSE CHAIRMAN IS A MEMBER OF THE FOUNDATION BOARD AND THE UNIVERSITY'S BOARD OF TRUSTEES. ADDITIONALLY, THE SPOUSE OF ONE BOARD MEMBER IS ALSO ON THE BOARD OF RIVER BANK & TRUST WHERE THE LOC AND THE CONSTRUCTION LOAN WERE OBTAINED. 37664478 3725472 33939006 229664 229664 34168670 0 DEPOSITS 27840 INTEREST PAYABLE 151465 OTHER PAYABLE TO AUBURN UNIVERSITY 25338 DUE TO ARTF 275143 479786 6617692 1342290 1937356 3279646 3338046 3338046 6398363 1342290 1756883 3099173 3299190 3299190 OTHER REVENUE AND EXPENSES INCLUDED IN FINANCIAL STATEMENTS BUT NOT ON 990 ARPI IS INCLUDED IN CONSOLIDATED, INDEPENDENT AUDITIED FINANCIAL STATEMENTS FOR THE TAX YEAR. INCOME AND EXPENSES NOT REPORTED ON ARPI'S 990 ARE REPORTED INCLUSIVE OF INTERCOMPANY ELIMINATIONS ON A SEPERATE 990 FILED FOR AUBURN RESEARCH & TECHNOLOGY FOUNDATION (EIN: 20-1806718). false false false false false false false false false JAMES WEYHENMEYER PRESIDENT ending 7/13/23 397468 42596 440064 BILL DEAN EXECUTIVE DIRECTOR 240131 26677 266808 CARY CHANDLER SENIOR DIRECTOR 153999 28869 182868 STEVEN TAYLOR PRESIDENT eff 7/21/23 316502 45489 361991 PART VI, SECTION B, LINE 11B The Form 990 is reviewed by key members of the management team and the Board of Directors. PART VI, SECTION B, LINE 12C ALL CONFLICTS OF INTEREST OR APPARENT CONFLICTS OF INTEREST OF DIRECTORS ARE TO BE DISCLOSED TO THE CHAIRPERSON OF THE BOARD AND THE EXECUTIVE DIRECTOR. CONFLICTS OR APPARENT CONFLICTS OF ALL OTHERS ACTING FOR OR ON BEHALF OF THE ARP1 ARE TO BE DISCLOSED TO THE EXECUTIVE DIRECTOR. VIOLATIONS OF THE POLICY, INCLUDING FAILURE TO DISCLOSE CONFLICTS, MAY RESULT IN TERMINATION OF THE CONFLICTED PERSON. PART VI, SECTION A, LINE 8B THE FOUNDATION DID NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. PART VI, SECTION C, LINE 19 AUBURN RESEARCH PARK I MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. PART XI, LINE 9 Consolidation adjustment pushed down to Auburn Research Park I AUBURN RESEARCH & TECHNOLOGY FOUNDATION 570 DEVALL DRIVE STE 101 AUBURN AL 36832 201806718 Supporting Or AL 501(C)(3) NA false AUBURN UNIVERSITY AUBURN UNIVERSITY AUBURN AL 36849 636000724 PUBLIC UNIV. AL 115 2 NA false false false false false true false false false false true false false false true true false false true true Auburn Research & Technology Foundation e 7082000 Note Payable Auburn Research & Technology Foundation j 359109 Rental Income Auburn University j 2650817 Rental Income