2024-04-01T13:53:29-05:00 2023-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2022-07-01 463815674 RESEARCH COLLABORATORY AT ASU RESE 4809653759 PO BOX 2260 TEMPE AZ 852802260 VIRGINIA E DESANTO TREASURER 4809653759 2024-04-01 1 VIRGINIA DESANTO XXX-XX-XXXX 0 DANIEL ROMANO P00504182 2125990100 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ENTERPRISE COLLABORATORY AT ASU VIRGINIA E DESANTO PO BOX 2260 TEMPE AZ 852802260 384428 0 X WWW.ASUENTERPRISEPARTNERS.ORG X 2013 AZ ADVANCEMENT OF EDUCATION AND SCIENCE FOR THE BENEFIT OF ARIZONA STATE UNIVERSITY. 3 1 0 1 0 0 86860 90200 302000 271811 0 0 0 22417 388860 384428 158300 221236 0 0 0 0 0 0 0 214584 179095 372884 400331 15976 -15903 361068 303629 82164 40628 278904 263001 ADVANCEMENT OF EDUCATION AND SCIENCE FOR THE BENEFIT OF ARIZONA STATE UNIVERSITY. 0 0 255442 221236 271811 ECASU PROVIDES SERVICES TO SUPPORT EMERGING PROGRAMS AND GLOBAL INITIATIVES ON BEHALF OF ARIZONA STATE UNIVERSITY AND GENERATES REVENUE AS PART OF SERVICE AGREEMENT. 255442 1 1 0 1 0 0 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 X 0 0 0 0 1 GM ID MX VM MI MO 0 0 0 0 0 0 0 0 0 0 X 3 1 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 AZ X VIRGINIA E DESANTO CPA 4809651791 PO BOX 2260 TEMPE AZ 852802260 DANIEL DILLON PRESIDENT AND CEO 5.00 55.00 X X 0 795656 70818 VIRGINIA E DESANTO VICE PRESIDENT, CFO & TREASURER 7.00 43.00 X X 0 295537 36489 JIM O'BRIEN DIRECTOR 1.00 3.00 X 0 0 0 HOPE SHARETT CORP SECRETARY/GENERAL COUNSEL 7.00 43.00 X 0 296500 40360 0 1387693 147667 0 0 1 0 0 90000 200 90200 SERVICE AGREEMENT 611710 271811 271811 271811 REIMBURSEMENTS 900099 22417 22417 22417 384428 271811 0 22417 221236 221236 69371 69371 75518 75518 1776 1776 2955 2955 26002 26002 FEES AND SUBSCRIPTIONS 3473 3473 400331 255442 144889 0 211197 142362 2806 2148 31995 44049 115070 115070 361068 303629 79359 38016 0 464 2805 2148 82164 40628 X 254695 238602 24209 24399 278904 263001 361068 303629 -15903 0 X 0 1 X 1 0 X 108071 350 200 86860 90200 285681 108071 350 200 86860 90200 285681 95547 190134 22417 22417 308098 2437384 0.61710 0.55160 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REIMBURSEMENTS - 2022 AMOUNT: $ 22,417. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0 75518 335408 75518 335408 324813 182229335 400331 182564743 80066 1000000 20017 250000 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 418965 387280 309780 335408 1451433 250000 250000 250000 250000 1000000 1500000 124750 102250 0 0 227000 SCHEDULE C, PART II-A: LOBBYING ACTIVITIES INCLUDES CONSULTING SERVICES FOR GOVERNMENT RELATIONS. 0 1 X 0 X 2513754 227972 1901354 2129326 384428 0 384428 2531222 227972 1902919 2130891 400331 0 400331 PART IV, LINE 2B: ESCROW AND CUSTODIAL AMOUNT ARRANGEMENTS ENTERPRISE COLLABORATORY AT ASU ("ECASU") HOLDS FUNDS FROM A GRANTOR IN AN ACCOUNT ON BEHALF OF ARIZONA STATE UNIVERSITY. THE FUNDS FLOW THROUGH FROM THE GRANTOR TO THIS ACCOUNT, OVER WHICH ECASU HAS SIGNATURE AUTHORITY. ECASU THEN REQUESTS A TRANSFER OF THOSE FUNDS TO ASU. PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE ECASU 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)(VI) 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. ECASU 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. RCASU CHINA, LLC, RCASU HONG KONG, LLC, RCASU GERMANY HOLDINGS LLC, AND ECASU LIBRES, LLC ARE LIMITED LIABILITY COMPANIES WITH ECASU AS THEIR SOLE MEMBER, HAVE NOT ELECTED TO BE TAXED AS CORPORATIONS AND, THEREFORE, ARE CONSIDERED DISREGARDED ENTITIES OF ECASU FOR FEDERAL, STATE AND LOCAL INCOME TAX PURPOSES. ALL ACTIVITIES OF THESE DISREGARDED ENTITIES ARE REPORTED IN THE TAX RETURNS OF ECASU. TEOTIHUACAN HOLDINGS, LLC (TEO), AS A LIMITED LIABILITY COMPANY WITH ECASU AS ITS SOLE MEMBER, HAS ELECTED TO BE TAXED AS CORPORATION AND, THEREFORE REPORTS ITS INCOME AND EXPENSES SEPARATELY FROM ECASU FOR TAX PURPOSES. GLOBAL UNIVERSITY ASSOCIATE I, LLC AND GLOBAL UNIVERSITY ASSOCIATE II, LLC, ARE SINGLE MEMBER LIMITED LIABILITY COMPANIES WITH TEO AS THEIR SOLE MEMBER AND ARE TREATED AS DISREGARDED ENTITIES OF TEO FOR FEDERAL, STATE AND LOCAL INCOME TAX PURPOSES. ALL ACTIVITIES OF THESE DISREGARDED ENTITIES ARE REPORTED IN THE INCOME TAX RETURNS OF TEO. ARIZONA STATE UNIVERSITY FOUNDATION MEXICO, A.C., ECASU TRUST (MALAWI), ECASU MOROCCO AND RCASU GERMANY ARE FOREIGN NONPROFIT ORGANIZATIONS, THEREFORE THEY REPORT THEIR INCOME AND EXPENSES SEPARATELY FROM ECASU FOR 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 CONSOLIDATED 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, 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 CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE ON SUBSIDIARY RETURNS 1,901,354. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSE ON SUBSIDIARY RETURNS 1,902,919. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES UNIVERSITY ACTIVITIES 26002 0 0 0 0 0 0 26002 0 26002 1 0 1 0 0 0 PART III ACCOUNTING METHOD: 1 TEOTIHUACAN HOLDINGS LLC PO BOX 2260 TEMPE AZ 852802260 811792379 C-CORP 220236 0 PROGRAM 1 PART I, LINE 2: MONITORING OF FUNDS GRANTS PAID CONSIST OF FUNDS PROVIDED TO ARIZONA STATE UNIVERSITY AND OTHER ENTITIES FOR ASU RELATED INITIATIVES, WHICH ARE ACCOUNTED FOR AND MONITORED THROUGH THE USE OF ACCOUNTS AND ACCOUNT PURPOSE AT THE TIME OF EACH DISBURSEMENT. 0 0 0 0 0 0 0 0 0 DANIEL DILLON PRESIDENT AND CEO 0 564076 0 201667 0 29913 0 41850 0 28968 0 866474 0 0 HOPE SHARETT CORP SECRETARY/GENERAL COUNSEL 0 256535 0 39930 0 35 0 17439 0 22921 0 336860 0 0 VIRGINIA E DESANTO VICE PRESIDENT, CFO & TREASURER 0 267992 0 27545 0 0 0 19842 0 16647 0 332026 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS ASU ENTERPRISE PARTNERS SERVES AS THE SOLE MEMBER OF THE ORGANIZATION, AND PROVIDES IT WITH VARIOUS SUPPORTING SERVICES, SUCH AS LEGAL, HUMAN RESOURCES, FINANCIAL SERVICES, MARKETING AND TECHNICAL SERVICES. IN ADDITION, ASU ENTERPRISE PARTNERS MANAGES THE RESERVES OF THE ORGANIZATION AND PROVIDES GOVERNANCE AND OVERSIGHT OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS WITH POWERS TO ELECT OR APPOINT ASU ENTERPRISE PARTNERS AS THE SOLE MEMBER HAS THE POWER TO ELECT OR APPOINT MEMBERS OF THE GOVERNING BODY OF ECASU. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL PER THE BYLAWS OF ECASU, THE FOLLOWING ACTIONS SHALL NOT BE TAKEN BY THE CORPORATION WITHOUT THE APPROVAL OF THE MEMBER: ELECTION AND REMOVAL OF DIRECTORS, AMENDMENT OF THE ARTICLES OF INCORPORATION OF THE CORPORATION, AMENDMENT OF THE BYLAWS OF THE CORPORATION, MERGER, CONSOLIDATION OR DISSOLUTION OF THE CORPORATION, THE CREATION OF ANY SUBSIDIARIES OR AFFILIATES OF THE CORPORATION, ADOPTION OF THE STRATEGIC AND ANNUAL BUSINESS PLANS AND ADOPTION OF THE ANNUAL BUDGET PREPARED BY THE CORPORATION AND ANY ACTIONS TAKEN BY THE CORPORATION, THE SELECTION AND RETENTION OF THE CEO OF THE CORPORATION, THE MAKING OF ANY CAPITAL EXPENDITURES, THE SELECTION OF THE MANNER AND LOCATION OF INVESTMENT OF ANY FINANCIAL ASSETS, THE CREATION OR EXTENSION OF ANY LOANS BY OR ANY BORROWING BY THE CORPORATION OR THE SALE OF ANY CAPITAL ASSETS BY THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS ECASU'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE DRAFT IS SUBMITTED TO ECASU'S MANAGEMENT FOR REVIEW AND ACCURACY OF REPORTING. THE BOARD OF DIRECTORS HAS DELEGATED REVIEW OF THE FORM 990 TO THE AUDIT COMMITTEE OF ASU ENTERPRISE PARTNERS. 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 TREASURER AND SUBMITTED ELECTRONICALLY TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PROCESS FOR MONITORING AND ENFORCEMENT OF CONFLICT OF INTEREST UPON HIRE AND ON AN ANNUAL BASIS, ALL EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS RELATING TO THEIR INVOLVEMENT WITH ECASU. 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 ASU ENTERPRISE PARTNERS' 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 PROCESS FOR DETERMINING COMPENSATION OF CEO/KEY EMPLOYEES ASU ENTERPRISE PARTNERS COMPENSATES THE BOARD CHAIR, TREASURER AND SECRETARY; AS SUCH LINE 15A HAS BEEN ANSWERED "NO" AS GUIDED BY THE FORM 990 INSTRUCTIONS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS MADE AVAILABLE TO THE PUBLIC ECASU DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 1023 AND FORM 990 ARE AVAILABLE UPON REQUEST. RCASU CHINA LLC PO BOX 2260 TEMPE AZ 852802260 463815674 HOLDING CO. AZ 0 0 ECASU RCASU GERMANY HOLDINGS LLC PO BOX 2260 TEMPE AZ 852802260 463815674 HOLDING CO. 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