Overview
What is Arizona State University Research Park Inc?
Arizona State University Research Park Inc is a nonprofit organization based in Scottsdale, Arizona, with a US address at 6720 N Scottsdale Road 250. They currently have 28 ground leases in effect, housing tenants primarily focused on education, research, and diverse business ventures. The park, which is 96% leased, features 26 completed buildings, with 5 acres remaining available for lease. The organization's mission involves acquiring real property interests and developing it into a research park, while promoting and supporting research activities in collaboration with Arizona State University. The generated revenues from the research park contribute significantly to the university's various activities, particularly research.
Official website here: www.asuresearchpark.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
Arizona State University Research Park Inc has achieved a high rating of 96%, indicating strong performance in accountability and finance. The charity has maintained a perfect score in various financial aspects, showcasing effective governance with a significant majority of independent board members and robust policies for conflict of interest and whistleblower protections.
The organization demonstrates a commitment to transparency and fiscal responsibility, with no material diversion of assets reported and an impressive program expense ratio of 97.17%. These strengths highlight its efficient use of resources towards fulfilling its mission. Overall, the rating reflects a well-managed nonprofit that prioritizes accountability and ethical practices.
This AI summary has been generated from information found on Charity Navigator.
Is Arizona State University Research Park Inc legitimate?
Arizona State University Research Park Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arizona State University Research Park Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.asuresearchpark.com
What is the mission statement of Arizona State University Research Park Inc?
Arizona State University Research Park Inc is dedicated to acquiring interests in real property and promoting research activities. In accordance with Arizona State University, the organization develops and manages a research park, providing a hub for tenants focused on education, research, and various business endeavors. The park, which currently has 28 ground leases and 26 completed buildings, is 96% leased, leaving 5 acres available for future tenants. The revenues generated from the park support Arizona State University's diverse activities, primarily research.
Official website here: www.asuresearchpark.com
Who is the CEO of Arizona State University Research Park Inc?
Dr Morgan Olsen is the President/Director of Arizona State University Research Park Inc.
Official website here: www.asuresearchpark.com
What is the revenue of Arizona State University Research Park Inc?
Arizona State University Research Park Inc's revenue in 2023 was $14,247,808.
Official website here: www.asuresearchpark.com
Who are the executives of Arizona State University Research Park Inc and what are their salaries?
There 5 volunteers at Arizona State University Research Park Inc.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $961,274
- Other: $31,802
- Compensation: $0
- Related: $472,575
- Other: $5,197
- Compensation: $0
- Related: $448,218
- Other: $15,326
- Compensation: $0
- Related: $209,619
- Other: $3,546
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.asuresearchpark.com
Where can I find the form 990 for Arizona State University Research Park Inc?
Arizona State University Research Park Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.asuresearchpark.com
Learn more at the official website: www.asuresearchpark.com
Mission Statement of Arizona State University Research Park Inc
Arizona State University Research Park Inc is a dynamic organization committed to acquiring interests in real property and supporting research activities. In alignment with Arizona State University, the Research Park develops property into a thriving research hub, promoting and fostering academic and research pursuits.
The Research Park stands tall with 28 ground leases in effect, resulting in 26 completed buildings. Tenants of the Park are primarily focused on education, research, and various other business endeavors. The Park currently boasts a high occupancy rate, with only 5 acres remaining available for lease. These revenues generated from the Research Park are pivotal, as they contribute significantly to Arizona State University's diverse range of activities, including research initiatives.
Arizona State University Research Park Inc serves as a vital catalyst for growth and innovation, providing the ideal environment for researchers and academics to thrive. By focusing on acquiring real property and transforming it into a thriving research park, the organization plays a crucial role in supporting research activities in partnership with Arizona State University. This collaboration not only fosters the exchange of knowledge and ideas but also strengthens the institution's reputation as a leading hub for academic and research excellence.
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Impact
October, 2024
Arizona State University Research Park Inc significantly contributes to the local economy and the advancement of education and research. By acquiring and developing real property into a dedicated research park, it provides a collaborative environment for tenants focused on education, research, and various business endeavors.
With 28 ground leases and 26 completed buildings, the park is 96% leased, showcasing its attractiveness and functionality as a hub for innovation and education. The presence of diverse tenants fosters a dynamic ecosystem that encourages collaboration and the exchange of ideas, which is critical for research advancements.
Moreover, the revenues generated from the research park play a crucial role in supporting Arizona State University's activities, particularly in research initiatives. This symbiotic relationship enhances the university's capacity to drive impactful research and attract talent, benefiting the broader community and contributing to economic growth in Scottsdale, AZ. With 5 acres remaining available for lease, there are additional opportunities for further development and expansion, promising continued positive impacts in the future.
This information is meant to be a general summary of Arizona State University Research Park Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $48,249
- Program Service Revenue: $14,199,559
- Gross Receipts: $14,247,808
Assets and Liabilities:
- Total Assets: $74,364,914
- Total Liabilities: $17,481,973
- Net Assets: $56,882,941
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NONRESIDENTIAL RENT
Revenue
$14,117,729
INFRASTRUCTURE REVENUE
Revenue
$63,225
OTHER PROGRAM REVENUE
Revenue
$18,605
Organization Details
Founding Year
1984
Phone
(480) 905-0770Principal Officer
Dr Morgan Olsen
Main Address
6720 N SCOTTSDALE ROAD 250, SCOTTSDALE, AZ, 85253
Website
www.asuresearchpark.comNTEE Category
Code: B43I - Education
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