Nonprofit · EIN 41-2093194
UNIVERSITY ENTERPRISE LABORATORIES INC
Tax-exempt · SAINT PAUL, MN 55114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,485,387 | $4,313,404 | $171,983 | $21,109,147 | $16,602,652 | $4,506,495 |
| December 31, 2023 | 990 | $4,130,870 | $4,111,798 | $19,072 | $20,324,135 | $15,989,623 | $4,334,512 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $33,333
- Program service revenue
- $4,451,652
- Investment income
- $402
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $4,817
- Accounting fees
- $70,761
- Occupancy
- $1,007,581
- Depreciation
- $935,438
- Program services (functional)
- $4,071,278
- Management and general (functional)
- $242,126
Balance sheet and other
- Total assets, start of year
- $20,324,135
- Total assets, end of year
- $21,109,147
- Total liabilities, end of year
- $16,602,652
- Net assets, end of year
- $4,506,495
- Land, buildings and equipment
- $18,486,938
- Net assets without donor restrictions
- $4,506,495
- Gross unrelated business income
- $48,600
- Gross receipts
- $4,485,387
- Employees
- 0
- Volunteers
- 12
- Year formed
- 2002
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARBARA NELSEN | CHAIR Trustee or director, Officer | 1 | $0 |
| JESSICA MOGILKA | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| MICHAEL GIETL | TREASURER Trustee or director, Officer | 1 | $0 |
| KRISTIN GUILD | SECRETARY Trustee or director, Officer | 1 | $0 |
| ANDY LAFRENCE | PAST CHAIR Trustee or director | 1 | $0 |
| FRANK JASKULKE | DIRECTOR Trustee or director | 1 | $0 |
| LISA HERRON-OLSON | DIRECTOR Trustee or director | 1 | $0 |
| PAT MASCIA | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT ELDE | DIRECTOR Trustee or director | 1 | $0 |
| STEVE KELLEY | DIRECTOR Trustee or director | 1 | $0 |
| STEVE MERTENS | DIRECTOR Trustee or director | 1 | $0 |
| DENISE HOLLOMAN | DIRECTOR Trustee or director | 1 | $0 |
| BRAD LARMIE | EXECUTIVE DIRECTOR Officer | 40 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE BERTHELSEN | EXECUTIVE DIRECTOR (TERM. 05/2023) Officer | 40 | $58,908 |
| BRAD LARMIE | EXECUTIVE DIRECTOR Officer | 40 | $8,977 |
| ANDY LAFRENCE | CHAIR Trustee or director, Officer | 1 | $0 |
| BARBARA NELSON | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| JESSICA MOGLIKA | TREASURER Trustee or director, Officer | 1 | $0 |
| MICHAEL GIETL | TREASURER Trustee or director, Officer | 1 | $0 |
| DENISE HOLLOMAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| STEVE MERTENS | PAST CHAIR Trustee or director | 1 | $0 |
| KRISTIN GUILD | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT ELDE | DIRECTOR Trustee or director | 1 | $0 |
| STEVE KELLEY | DIRECTOR Trustee or director | 1 | $0 |
| LISA HERRON-OLSON | DIRECTOR Trustee or director | 1 | $0 |
| FRANK JASKULKE | DIRECTOR Trustee or director | 1 | $0 |
| PAT MASCIA | DIRECTOR Trustee or director | 1 | $0 |
| KATHY TUNE | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1000 WESTGATE DR, SAINT PAUL, MN 55114-8612
- Principal officer (990 for 2024)
- BARBARA NELSEN, 1000 WESTGATE DRIVE SUITE 101, ST PAUL, MN 55114
- Signed the 990
- MICHAEL GIETL, TREASURER
- Phone
- (651) 641-2800
- Website
- WWW.UELMN.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
THE MISSION OF THE UNIVERSITY ENTERPRISE LABORATORIES IS TO SUPPORT EARLY-STAGE VENTURES IN LIFE SCIENCES TO GROWTH AND COMMERCIAL SUCCESS THROUGH CONNECTIONS, SERVICES, AND WORLD-CLASS LABORATORY FACILITIES IN MINNESOTA'S ENTREPRENEURSHIP ECOSYSTEM.
Program accomplishments
- SERVES AS A LABORATORY-BASED INCUBATOR FOR EMERGING LIFE SCIENCE COMPANIES BY PROVIDING ACCESS TO WORLD-CLASS LABORATORY FACILITIES, SHARED EQUIPMENT, BUSINESS AND ENTREPRENEURSHIP TRAINING, A COMMUNITY OF STARTUPS, AND COLLABORATION WITH UNIVERSITY-BASED RESEARCHERS.Expenses $4,071,278 · revenue $4,403,052
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-2093194
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U50)
- Assets (IRS master file)
- $21,109,147
- Income (IRS master file)
- $4,485,387
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,485,387 | $4,313,404 | $21,109,147 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $4,130,870 | $4,111,798 | $20,324,135 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $3,975,153 | $4,218,403 | $19,666,443 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-2093194).
Questions about UNIVERSITY ENTERPRISE LABORATORIES INC
- What is the EIN of UNIVERSITY ENTERPRISE LABORATORIES INC?
- The employer identification number (EIN) of UNIVERSITY ENTERPRISE LABORATORIES INC is 41-2093194.
- Is UNIVERSITY ENTERPRISE LABORATORIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to UNIVERSITY ENTERPRISE LABORATORIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNIVERSITY ENTERPRISE LABORATORIES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNIVERSITY ENTERPRISE LABORATORIES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY ENTERPRISE LABORATORIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of UNIVERSITY ENTERPRISE LABORATORIES INC?
- The 990 for the year ended December 31, 2024 names BARBARA NELSEN.
- Who are the officers and directors of UNIVERSITY ENTERPRISE LABORATORIES INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does UNIVERSITY ENTERPRISE LABORATORIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,485,387, expenses of $4,313,404 and total assets of $21,109,147 at year end.
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