Nonprofit · EIN 47-5599177
ASU ENTERPRISE PARTNERS
Tax-exempt · TEMPE, AZ 85281
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $26,141,383 | $25,478,371 | $663,012 | $394,391,590 | $121,413,387 | $272,978,203 |
| June 30, 2024 | 990 | $14,131,223 | $24,209,129 | -$10,077,906 | $367,975,233 | $132,222,957 | $235,752,276 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $14,816,150
- Program service revenue
- $3,868,805
- Investment income
- $3,858,635
- Royalties
- $110,764
- Net rental income
- $197,987
- Net gain from sales of assets
- $84,436
- Other revenue
- $3,597,793
Expenses
- Grants and similar amounts paid
- $6,997,781
- Compensation of officers, directors and key employees
- $1,112,027
- Other salaries and wages
- $4,836,176
- Salaries, compensation and benefits (total)
- $7,517,642
- Professional fundraising fees
- $0
- Legal fees
- $1,093,938
- Accounting fees
- $62,205
- Occupancy
- $1,333,299
- Travel
- $104,092
- Program services (functional)
- $15,277,281
- Management and general (functional)
- $9,960,392
- Fundraising (functional)
- $240,698
Balance sheet and other
- Total assets, start of year
- $367,975,233
- Total assets, end of year
- $394,391,590
- Total liabilities, end of year
- $121,413,387
- Net assets, end of year
- $272,978,203
- Land, buildings and equipment
- $54,951,505
- Publicly traded securities
- $281,350,905
- Net assets without donor restrictions
- $271,728,393
- Net assets with donor restrictions
- $1,249,810
- Gross receipts
- $50,614,825
- Employees
- 178
- Volunteers
- 9
- Year formed
- 2015
- State of legal domicile
- AZ
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AUGUSTINE CHENG | MANAGING DIRECTOR & CEO (SI) Key employee | 50 | $595,793 | $51,857 |
| JEFF MINDLIN | CHIEF INVEST. OFFICER/MANAGING DIR. UR Key employee | 40 | $383,722 | $61,369 |
| MERIDITH RENTZ | CHIEF ENTERPRISE PARTNERS OFFICER Trustee or director, Officer | 40 | $370,713 | $47,483 |
| JEFF ROBERTS | MANAGING DIR. UR (THRU 1/25) Key employee | 50 | $347,460 | $48,020 |
| KYLE SIEGAL | ED & CHIEF PATENT COUNSEL Highest-paid employee | 40 | $328,679 | $60,569 |
| VIRGINIA E DESANTO | VP, CFO & TREASURER Officer | 38 | $295,939 | $44,812 |
| CHARLIE LEWIS | VP VENTURE DEV. & PHYS SCI. (SI) Highest-paid employee | 40 | $256,167 | $45,936 |
| SAMANTHA BRADLEY | MANAGING DIR. REALM SPARK Highest-paid employee | 40 | $229,533 | $34,189 |
| GINA MILLER | CHIEF PEOPLE OFFICER Highest-paid employee | 40 | $212,713 | $36,695 |
| ERIN BARRINGER-STERNER | CHIEF DATA OFFICER Highest-paid employee | 40 | $209,005 | $17,256 |
| DANIEL DILLON | FORMER PRESIDENT & CEO Former | 38 | $177,026 | $21,294 |
| MACKENZIE WOODS | GENERAL COUNSEL, SECRETARY (AS OF 9/24) Officer | 47 | $65,376 | $12,087 |
| JOHN GRAHAM | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JUANITA FRANCIS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| NICOLE COLYER | SECRETARY (THRU 8/24) Trustee or director, Officer | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE BETTS | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL CROW | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS HOWARD | DIRECTOR Trustee or director | 1 | $0 |
| LISA LOO | DIRECTOR Trustee or director | 1 | $0 |
| ANNE MARIUCCI | DIRECTOR Trustee or director | 1 | $0 |
| MORGAN OLSEN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DANIEL DILLON | PRESIDENT AND CEO (THRU 12/23) Trustee or director, Officer | 37 | $824,034 | $0 | $76,505 |
| GRETCHEN BUHLIG | DIRECTOR & CEO (ASUF) Trustee or director | 1 | $0 | $611,432 | $82,365 |
| AUGUSTINE CHENG | MD & CEO (SI) Key employee | 50 | $611,701 | $0 | $52,574 |
| JEFF MINDLIN | CHIEF INVESTMENT OFFICER Highest-paid employee | 40 | $372,431 | $0 | $59,147 |
| JEFF ROBERTS | MANAGING DIRECTOR UR Key employee | 50 | $378,163 | $0 | $44,901 |
| KYLE SIEGAL | ED & CHIEF PATENT COUNSEL Highest-paid employee | 40 | $307,117 | $0 | $53,471 |
| VIRGINIA E DESANTO | VICE PRESIDENT, CFO & TREASURER Trustee or director, Officer | 38 | $305,588 | $0 | $44,378 |
| HOPE SHARETT | GENERAL COUNSEL/CORPORATE SECRETARY (THRU 12/23) Officer | 47 | $292,576 | $0 | $49,941 |
| STEPHANIE LEACH | CHIEF TECH. OFFICER (THRU 12/23) Highest-paid employee | 40 | $295,351 | $0 | $34,383 |
| CHARLIE LEWIS | VP VENTURE DEV. & PHYS SCI. (SI) Highest-paid employee | 40 | $256,887 | $0 | $44,007 |
| RAHIMA MISTRY | VP STRATEGIC INSIGHTS & ANALYTICS Highest-paid employee | 40 | $251,142 | $0 | $46,872 |
| MARK SEARLE | PRESIDENT AND CEO (3/24 THRU 6/24) Trustee or director, Officer | 37 | $0 | $0 | $0 |
| JOHN GRAHAM | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NITA FRANCIS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MACKENZIE WOODS | INTERIM SECRETARY (1/24 THRU 5/24) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NICOLE COLYER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MICHAEL CROW | ASU PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| STEVE BETTS | CHAIR (UR) Trustee or director | 1 | $0 | $0 | $0 |
| MORGAN OLSEN | VICE CHAIR (IC) Trustee or director | 2 | $0 | $0 | $0 |
| CHRIS HOWARD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LISA LOO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANNE MARIUCCI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2260ATTN PAYROLL BENEFITS, TEMPE, AZ 85281-0000
- In care of
- % VIRGINIA E DESANTO
- Mailing address (990-N for 2015)
- PO Box 2260, Tempe AZ 85280
- Principal officer (990 for 2024)
- MERIDITH RENTZ, PO BOX 2260, TEMPE, AZ 852802260
- Principal officer (990-N for 2015)
- RF Shangraw Jr, PO Box 2260, Tempe AZ 85280
- Signed the 990
- VIRGINIA E DESANTO, VP/TREASURER/CFO
- Phone
- (480) 965-3759
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
SEE SCHEDULE OORGANIZATION'S MISSIONASU ENTERPRISE PARTNERS SERVES AS THE RESOURCE-RAISING ARM OF ARIZONA STATE UNIVERSITY. AS THE PARENT ORGANIZATION OF FIVE NONPROFITS THAT ARE EACH TASKED WITH IDENTIFYING NEW REVENUE OPPORTUNITIES, ASU ENTERPRISE PARTNERS REPRESENTS A HIGHLY EFFICIENT MODEL FOR DIVERSIFIED REVENUE GENERATION. THROUGH ITS NONPROFITS, ASU ENTERPRISE PARTNERS INVESTS IN INITIATIVES AND PARTNERSHIP OPPORTUNITIES THAT PROVIDE RESOURCES TO ARIZONA STATE UNIVERSITY.
Program accomplishments
- SEE SCHEDULE OASUEP THROUGH ITS SUBSIDIARY UNIVERSITY REALTY AIMS TO ADVANCE ASU BY ACCEPTING AND MONETIZING COMMERCIAL OFFICE, RETAIL, AND MULTIFAMILY BUILDINGS. ADDITIONALLY, THEY TAKE ADVANTAGE OF OPPORTUNITIES TO INVEST, ACQUIRE, AND DISPOSE OF REAL ESTATE AT LOGICAL POINTS IN REAL ESTATE CYCLES. BUILDING DESIGN, CONSTRUCTION, AND FINANCING OF OFFICE, INDUSTRIAL, AND MULTI-FAMILY PROJECTS. CURRENTLY, THE ORGANIZATION HOLDS $44.8 MILLION IN LAND AND BUILDING INVESTMENTS. UNIVERSITY REALTY OVERSEES PROJECTS NATIONWIDE, FROM SKYSONG IN SCOTTSDALE, TO BRICKYARD IN TEMPE, TO THE WASHINGTON CENTER IN THE HEART OF THE DISTRICT OF COLUMBIA, TO THE HERALD EXAMINER BUILDING IN LOS ANGELES.Expenses $4,747,594 · grants $25 · revenue $3,602,541
- SEE SCHEDULE OSKYSONG INNOVATIONS, LLC IS AN ARIZONA LIMITED LIABILITY COMPANY AND WHOLLY OWNED SUBSIDIARY OF ASUEP WHICH, SOLELY FOR TAX PURPOSES, MAKES IT A DISREGARDED ENTITY OF ASUEP. SKYSONG WORKS WITH ASU FACULTY, POSTDOCS, AND STUDENTS TO TRANSLATE THEIR RESEARCH INNOVATIONS INTOCOMMERCIAL APPLICATIONS. TO DATE, MORE THAN 260 STARTUPS HAVE BEEN LAUNCHED BASED ON ASU INNOVATIONS, ATTRACTING MORE THAN $1.5 BILLION IN FUNDING FROM OUTSIDE INVESTORS, GENERATING SUBSTANTIAL LOCAL ECONOMIC MPACT. THE NATIONAL ACADEMY OF INVENTORS AND THE INTELLECTUAL PROPERTY WNERS ASSOCIATION NOW RANKS ASU NUMBER 9 WORLDWIDE AND 5TH IN THE U.S. FOR US PATENTS GRANTED TO UNIVERSITIES.Expenses $1,471,596 · grants $8,000 · revenue $1,401,126
- SEE SCHEDULE OASUEP MANAGES INVESTMENT POOLS AND PROGRAMS THAT GENERATE REVENUE THROUGH INVESTMENTS IN EDUCATION TECHNOLOGY COMPANIES AND AN ANGEL INVESTOR MEMBERSHIP PROGRAM TO ADVANCE ASU-AFFILIATED STARTUPS.Expenses $9,058,091 · grants $6,989,756 · revenue $2,154,180
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 47-5599177
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $394,391,590
- Income (IRS master file)
- $50,614,825
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $17,546,517 | $35,781,750 | $361,760,963 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $23,987,399 | $29,543,399 | $381,094,670 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2015 Officer: RF Shangraw Jr | June 30, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about ASU ENTERPRISE PARTNERS
- What is the EIN of ASU ENTERPRISE PARTNERS?
- The employer identification number (EIN) of ASU ENTERPRISE PARTNERS is 47-5599177.
- Is ASU ENTERPRISE PARTNERS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to ASU ENTERPRISE PARTNERS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASU ENTERPRISE PARTNERS 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 ASU ENTERPRISE PARTNERS due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASU ENTERPRISE PARTNERS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ASU ENTERPRISE PARTNERS?
- The 990 for the year ended June 30, 2025 names MERIDITH RENTZ.
- Who are the officers and directors of ASU ENTERPRISE PARTNERS?
- The 990 for the year ended June 30, 2025 lists 21 people; 12 received compensation from the organization, the highest $595,793 (AUGUSTINE CHENG, MANAGING DIRECTOR & CEO (SI)).
- How much revenue does ASU ENTERPRISE PARTNERS have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $26,141,383, expenses of $25,478,371 and total assets of $394,391,590 at year end.
Other nonprofits in TEMPE
- ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY EIN 86-6051042 · last filed 990 for 2025
- ASU PREPARATORY ACADEMY EIN 26-0664313 · last filed 990 for 2025
- THE AMERICAN COLLEGE OF THE MEDITERRANEAN EIN 82-2123116 · last filed 990 for 2025
- DAISY EDUCATION CORPORATION EIN 86-0990917 · last filed 990 for 2025
- ASU PREP GLOBAL ACADEMY EIN 82-1019991 · last filed 990 for 2025
- ACADEMY OF MATH & SCIENCE INC EIN 04-3651539 · last filed 990 for 2025
- INSTITUTE FOR SUPPLY MANAGEMENT INC EIN 13-5265940 · last filed 990 for 2025
- SONORAN SCHOOLS EIN 45-2210319 · last filed 990 for 2025