2024-10-02T13:03:50-05:00 2024-06-30 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVENUE SUITE 250 OWINGS MILLS MD 21117 990 2023-07-01 521884800 UMBC RESEARCH PARK CORPORATION INC UMBC 4104556778 5520 RESEARCH PARK DRIVE 100 BALTIMORE MD 21228 AARON MISCENICH EXECUTIVE DIRECTOR 4104556778 2024-10-02 1 0 CHRISTOPHER LEHMAN P02033500 4105840060 2024-10-02 2023 2024-10-15 13:58:12Z AARON MISCENICH 5520 RESEARCH PARK DRIVE 100 BALTIMORE MD 21228 17202634 0 X BWTECH.UMBC.EDU X 1994 MD TO DEVELOP AND MANAGE THE RESEARCH AND TECHNOLOGY PARK FOR UMBC. 9 9 2 0 0 0 217669 268219 437872 82313 -96655 2271684 1538298 1507648 2097184 4129864 0 0 0 0 268031 321500 0 0 0 1590426 1664728 1858457 1986228 238727 2143636 17989154 22278012 6310391 9232779 11678763 13045233 TO DEVELOP AND MANAGE THE RESEARCH AND TECHNOLOGY PARK FOR UMBC TO FACILITATE RESEARCH COLLABORATIONS, TECH TRANSFER, AND TO CREATE JOBS. 0 0 442517 82313 PROVIDE PROJECT MANAGEMENT AND PROGRAM SUPPORT FOR INCUBATOR, TECHNOLOGY COMMERCIALIZATION, AND ENTREPRENEURIAL TRAINING ACTIVITIES RELATED TO UMBC'S INCUBATORS AND RESEARCH PARK AND ECONOMIC DEVELOPMENT MISSION. 1188468 DEVELOPMENT AND SUBLEASING OF A 41-ACRE RESEARCH PARK KNOWN AS BWTECH @ UMBC RESEARCH AND TECHNOLOGY PARK. 1630985 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 2 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MD X X AARON MISCENICH 4104556778 5520 RESEARCH PARK DRIVE 100 BALTIMORE MD 21228 MATTHEW ROBERSON CHAIRMAN OF THE BOARD 3.00 X X 0 0 0 AYINDE M STEWART DIRECTOR 3.00 X 0 0 0 JEFFREY S ARMIGER CLBB DIRECTOR 3.00 X X 0 0 0 DR NILANJAN BANERJEE DIRECTOR 3.00 X 0 0 0 DR CHARLES BIEBERICH DIRECTOR 3.00 X 0 0 0 CHRISTOPHER BRANDT DIRECTOR 3.00 X 0 0 0 GEORGE DAVIS DIRECTOR 3.00 X 0 0 0 KEVIN GLOVER DIRECTOR 3.00 X 0 0 0 TINA WILLIAMS DIRECTOR 3.00 X 0 0 0 SIGNE PRINGLE EX OFFICIO DIRECTORS 3.00 X 0 0 0 DR VALERIE SHEARES ASHBY EX OFFICIO DIRECTORS 1.00 39.00 X 0 0 0 AARON MISCENICH EXECUTIVE DIRECTOR 20.00 20.00 X X 123540 0 0 MARCUS WANG EX OFFICIO DIRECTORS 3.00 37.00 X 0 0 0 123540 0 0 1 0 0 0 0 110000 158219 268219 ADMIN. & REFERRAL FEES INCOME 531120 43288 43288 REIMBURSED INCOME 531120 39025 39025 82313 402728 402728 1507648 0 1507648 1507648 1507648 14941726 13072770 1868956 1868956 1868956 4129864 82313 0 3779332 123540 54853 68687 10092 10092 179777 106984 72793 8091 3592 4499 30519 27226 3293 16000 12000 4000 21330 15998 5332 92457 92457 26225 19669 6556 62576 62576 30870 23153 7717 1289243 1188468 100775 6074 6074 47709 47709 7655 7655 ALL OTHER EXPENSES 18931 17663 1268 BAD DEBT EXPENSE 11399 11399 PROFESSIONAL DEVELOPMEN 3740 3740 1986228 1630985 355243 0 169968 117922 3144566 769316 75165 94293 108379 39000 3969722 1667811 2349620 2301911 10698113 14387884 1443343 4567686 17989154 22278012 68400 83081 4777839 4590150 1464152 4559548 6310391 9232779 X 11678763 13045233 11678763 13045233 17989154 22278012 2143636 -777166 0 X X 0 1 X 1 1 0 X X 1 UMBC 526002033 6 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 602604 602604 0 301123 294866 6257 3065995 770341 2295654 2301911 OTHER INVESTMENTS 14387884 C 14387884 RIGHT OF USE ASSET - OPERATING LEASE 4567686 4567686 TENANT SECURITY DEPOSITS 56336 LEASE LIABILITY - OPERATING LEASE 4503212 4559548 X 3352699 -777165 -777165 4129864 0 4129864 1986228 0 1986228 0 1986228 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES ON INCOME OTHER THAN NET UNRELATED BUSINESS INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A)(3). THE ORGANIZATION HAS AN INCOME TAX OBLIGATION FROM INVESTMENT INCOME FROM S-CORPORATIONS THAT ARE SUBJECT TO THE UNRELATED BUSINESS INCOME TAX. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME TAX FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. THE PROVISIONS INCLUDED IN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR, WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF JUNE 30, 2024, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2021 THROUGH 2024 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ORGANIZATION FILES TAX RETURNS. IT IS THE ORGANIZATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. FORM 990, PART VI, SECTION B, LINE 11B THE TREASURER AND FINANCE COMMITTEE REVIEW THE FORM 990 BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION SENDS OUT THEIR CONFLICT OF INTEREST POLICY ANNUALLY AND ASKS EVERY BOARD MEMBER TO FILL IN A DISCLOSURE FORM. THESE FORMS ARE REVIEWED BY THE CHAIRMAN AND EXECUTIVE DIRECTOR. THE CONFLICT OF INTEREST POLICY IS ALSO REVIEWED WITH CONTRACT LABOR EMPLOYEES YEARLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS FOR BOTH TASKS HAS NOT CHANGED SINCE PRIOR YEAR. UNIVERSITY OF MARYLAND BALTIMORE COUNTY (UMBC) 1000 HILLTOP CIRCLE BALTIMORE MD 21250 526002033 A PUBLIC RESEARCH UNIVERSITY. MD 115 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0