2025-10-21T13:33:53-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 4747 EXECUTIVE DR SUITE 1300 SAN DIEGO CA 92121 990 2024-01-01 841790343 UNIVERSITY LAB PARTNERS UNIV 9497324290 5270 CALIFORNIA AVENUE SUITE 300 IRVINE CA 92617 KENNETH L BEALL CEO/PRESIDENT 9497186333 2025-10-18 1 1 PATRICIA J MAYER P00188643 8586271400 2024 2025-03-06 01:10:19Z KENNETH L BEALL 5270 CALIFORNIA AVENUE SUITE 300 IRVINE CA 92617 5499484 0 X WWW.UNIVERSITYLABPARTNERS.ORG X 2019 CA ULP EMPOWERS ECONOMIC DEVELOPMENT AND JOB CREATION IN ORANGE COUNTY (CA) BY COMBINING A STATE-OF-THE-ART LIFE SCIENCE CO-WORKING ENVIRONMENT WITH WORKFORCE DEVELOPMENT AND TRAINING OPPORTUNITIES. 5 4 22 5 0 0 366274 1384706 4592137 4089731 13866 25047 0 0 4972277 5499484 5619 108 0 0 955048 1332288 38501 14950 20450 4136837 4141672 5136005 5489018 -163728 10466 8195559 7199813 5717203 4710991 2478356 2488822 ULP EMPOWERS ECONOMIC DEVELOPMENT AND JOB CREATION IN ORANGE COUNTY (CA) BY COMBINING A STATE-OF-THE-ART LIFE SCIENCE CO-WORKING ENVIRONMENT WITH WORKFORCE DEVELOPMENT AND TRAINING OPPORTUNITIES. 0 0 1903428 108 3309078 ACCELERATED GROWTH OF THE BIOMEDICAL INDUSTRY VIA AN OPEN INNOVATION PLATFORM THAT PROVIDES ECONOMICAL LAB AND OFFICE SPACE, VALUABLE TECHNICAL RESOURCES, AND A NETWORK OF STRATEGIC PARTNERSHIPS. 727170 0 481244 THE ORGANIZATION PROVIDES MANAGEMENT AND OVERSIGHT SERVICES FOR THE RAPID ACCELERATION OF DIAGNOSTICS (RADX) INITIATIVE, A PROGRAM SPONSORED BY THE U.S. NATIONAL INSTITUTES OF HEALTH (NI), TO SPEED INNOVATION IN THE DEVELOPMENT, COMMERCIALIZATION, AND IMPLEMENTATION OF TECHNOLOGIES FOR COVID-19 TESTING. 229083 0 299409 AS PART OF ITS OPERATION, THE ORGANIZATION RUNS A WORKFORCE DEVELOPMENT PROJECT TO PROVIDE HANDS-ON TRAINING IN THE LAB FOR ENTRY LEVEL LABORATORY TECHNICIANS, WITH THE SUPPORT AND COLLABORATION OF OTHER CHARITABLE ORGANIZATIONS IN ORANGE COUNTY FOCUSING ON IMPROVING THE LIVES OF ORANGE COUNTY RESIDENTS SEEKING TO IMPROVE THEIR SKILL SETS TO QUALIFY FOR BETTER PAYING, MORE SATISFYING EMPLOYMENT. 2859681 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 29 0 1 22 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X KENNETH L BEALL 9497324290 5270 CALIFORNIA AVENUE SUITE 300 IRVINE CA 92617 BOHDAN GREGORY A CFO/TREASURER 12.00 X X 137306 0 0 BEALL KENNETH L CEO/PRESIDENT 8.00 X X 0 0 0 MAUNE HAREEM SECRETARY 1.00 X X 0 0 0 GERACE JOHN DIRECTOR 1.00 X 0 0 0 RAKESTRAW MICHAEL DIRECTOR 1.00 X 0 0 0 KOCH KARIN L MANAGING DIRECTOR (THRU 8/24) 40.00 X 228927 0 22808 MCCARTHY LINDA A SITE DIRECTOR (THRU 10/24) 40.00 X 128892 0 14485 RENUSCH SAMANTHA RAE DIRECTOR OF EDUCATION 40.00 X 131596 0 0 626721 0 37293 4 0 1 0 JULIA ZAKASHANSKY 29646 ARROYA DR IRVINE CA 92617 RESEARCH FOR RADX PROGRAM 205860 MICHAEL MASTERMAN-SMITH 578 WASHINGTON BLVD NO 1025 MARINA DEL REY CA 90292 RESEARCH FOR RADX PROGRAM 116186 2 1196256 188450 1384706 LAB REVENUE 621500 3309078 3309078 WORKFORCE DEVELOPMENT 621500 481244 481244 RADX PROGRAM REVENUE 621500 299409 299409 4089731 25047 25047 5499484 4089731 0 25047 X 108 108 389040 389040 740561 740561 25667 25667 88759 88759 88261 88261 49981 6765 43216 104628 104628 14950 14950 1394835 783461 605874 5500 16952 16952 25353 25353 118479 35912 82567 165319 165319 1472489 1376772 95717 31488 31488 6518 6518 409170 403691 5479 26194 26194 320266 87653 232613 5489018 2859681 2608887 20450 239985 394400 810160 605557 107796 119693 119397 150594 76227 151616 3845462 1795048 2274966 2050414 4567028 3727539 8195559 7199813 811940 601671 58505 117059 4846758 3992261 5717203 4710991 X 2478356 2488822 2478356 2488822 8195559 7199813 10466 0 X 0 1 X 1 0 X 1861122 319127 264947 366274 1384706 4196176 1561889 3437462 4581288 4592137 4089731 18262507 3423011 3756589 4846235 4958411 5474437 22458683 1040390 1040390 900328 2402214 2131973 1750781 1717387 8902683 1940718 2402214 2131973 1750781 1717387 9943073 12515610 13866 25047 38913 13866 25047 38913 3423011 3756589 4846235 4972277 5499484 22497596 0.55630 0.00170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1442553 754105 688448 2402909 1040943 1361966 2050414 SECURITY DEPOSITS 127397 RIGHT OF USE ASSET 3599782 OTHER CURRENT ASSETS 360 3727539 LEASE LIABILITY 3992261 3992261 X 5615815 116331 116331 5499484 0 5499484 5605349 116331 116331 5489018 0 5489018 PART X, LINE 2: THE ORGANIZATION HAD NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES AS OF DECEMBER 31, 2024 AND 2023. THE ORGANIZATION FILES AN EXEMPT ORGANIZATION RETURN IN THE UNITED STATES FEDERAL JURISDICTION AND WITH THE FRANCHISE TAX BOARD IN THE STATE OF CALIFORNIA. DURING THE YEARS ENDED DECEMBER 31, 2024 AND 2023, THERE WERE NO TAXES ON UNRELATED BUSINESS INCOME AND NO PROVISION FOR INCOME TAX HAS BEEN MADE. X 1 0 0 0 0 0 0 0 0 KOCH KARIN L MANAGING DIRECTOR (THRU 8/24) 177696 0 9167 0 42064 0 0 0 22808 0 251735 0 0 0 PART I, LINE 4A SEVERANCE OF $35,833.33 PAID TO DEPARTING EXECUTIVE DIRECTOR, KARIN KOCH, PURSUANT TO THE TERMS OF TRANSITION AND SEPARATION AGREEMENT DATED 8/20/24 AS REVISED 8/23/2024, AND SIGNED BY KARIN ON 9/10/24. SCHEDULE J, PART I, LINE 3 THE ORGANIZATION'S TOP OFFICIAL, PRESIDENT, IS NOT COMPENSATED. FORM 990, PART VI, SECTION A, LINE 2 GREG BOHDAN AND KENNETH L. BEALL HAVE A BUSINESS RELATIONSHIP, AND KENNETH L. BEALL AND MICHAEL RAKESTRAW HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B REVIEWED CLOSELY BY THE CFO AND REVIEWED IN GENERAL BY THE CEO. A COPY OF THE 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PER UNIVERSITY LAB PARTNER'S CONFLICT OF INTEREST POLICY, THE CORPORATION WILL NOT BE A PARTY TO ANY TRANSACTION IN WHICH ONE OR MORE OF ITS DIRECTORS HAS A MATERIAL FINANCIAL INTEREST, OR WITH ANY ENTITY IN WHICH ONE OR MORE DIRECTORS HAS A MATERIAL FINANCIAL INTEREST. THE COMPANY WILL NOT BE A PARTY TO ANY TRANSACTION UNLESS THE CORPORATION ENTERS INTO THE TRANSACTION FOR ITS OWN BENEFIT; THE TRANSACTION IS FAIR AND REASONABLE TO THE CORPORATION AT THE TIME THE TRANSATION IS ENTERED INTO; PRIOR TO CONSUMMATING THE TRANSACTION, THE BOARD AUTHORIZES THE TRANSACTION IN GOOD FAITH BY A VOTE OF A MAJORITY OF DIRECTORS, AND WITH KNOWLEDGE OF THE MATERIAL FACTS CONCERNING THE TRANSACTION AND THE INTERESTED DIRECTOR'S FINANCIAL INTEREST IN THE TRANSACTION; PRIOR TO AUTHORIZING OR APPROVING THE TRANSACTION, THE BOARD CONSIDERS AND IN GOOD FAITH DETERMINES AFTER REASONABLE INVESTIGATION THAT THE CORPORATION COULD NOT OBTAIN A MORE ADVANTAGEOUS ARRANGEMENT WITH REASONABLE EFFORT UNDER THE CIRCUMSTANCES; AND THE MINUTES OF THE BOARD MEETING AT WHICH SUCH ACTION WAS TAKEN REFLECT THAT THE BOARD CONSIDERED AND MADE THE FINDINGS. FORM 990, PART VI, SECTION B, LINE 15 THE TOP OFFICIAL, PRESIDENT, IS NOT COMPENSATED AND DUTIES ARE PERFORMED ON A VOLUNTEER BASIS. COMPENSATION OF ALL OTHER OFFICERS, IF ANY, SHALL BE FIXED FROM TIME TO TIME BY RESOLUTION OF THE BOARD. ANY SALARIES RECEIVED BY OFFICERS SHALL BE REASONABLE AND GIVEN IN RETURN FOR SERVICES ACTUALLY RENDERED FOR THE CORPORATION WHICH RELATE TO THE PERFORMANCE OF THE PUBLIC BENEFIT PURPOSES OF THE CORPORATION. NO SALARIED OFFICER SERVING AS A DIRECTOR SHALL BE PERMITTED TO VOTE ON HIS OR HER OWN COMPENSATION AS AN OFFICER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 548,520. MANAGEMENT AND GENERAL EXPENSES 260,579. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 809,099. OUTSIDE CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 18,641. MANAGEMENT AND GENERAL EXPENSES 144,915. FUNDRAISING EXPENSES 5,500. TOTAL EXPENSES 169,056. LAB CONSUMABLES, SUPPLIES, AND EQUIPMENT: PROGRAM SERVICE EXPENSES 78,255. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 78,255. MAINTENANCE & REPAIR: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 34,368. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,368. EVENT PLANNING: PROGRAM SERVICE EXPENSES 138,045. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 138,045. MARKETING SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 166,012. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 166,012.