2024-05-14T12:36:41-05:00 2023-06-30 351489521 GREENWALT CPAS INC 5342 W VERMONT STREET INDIANAPOLIS IN 46224 990 2022-07-01 351990726 INDIANA UNIVERSITY RESEARCH & TECHNOLOGY CORPORATION INDI 3172781911 642 N MADISON STREET 113 BLOOMINGTON IN 47404 ANTHONY T ARMSTRONG PRESIDENT AND CEO 3179798511 2024-05-14 1 ANTHONY ARMSTRONG 999009999 0 JOHN W KELLER CPA P01329619 3172412999 2024-05-14 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANTHONY T ARMSTRONG 642 N MADISON ST SUITE 113 BLOOMINGTON IN 47404 1553542 0 X WWW.IURTC.IU.EDU X 1996 IN THE INDIANA UNIVERSITY RESEARCH AND TECHNOLOGY CORPORATION (IURTC) SERVES INDIANA UNIVERSITY, THE STATE OF INDIANA, AND THE NATION THROUGH CREATION AND APPLICATION OF THE UNIVERSITY DEVELOPED TECHNOLOGIES AND SERVICES, AND THE EXPANDED LINKAGE OF THE PRIVATE SECTOR TO THE UNIVERSITY. 7 4 8 0 56847 0 214784 91925 1013492 987700 4005780 -706601 -37145 41014 5196911 414038 0 0 0 0 1156661 1161040 0 0 0 430075 561721 1586736 1722761 3610175 -1308723 21292100 20053172 584136 554385 20707964 19498787 X THE INDIANA UNIVERSITY RESEARCH AND TECHNOLOGY CORPORATION (IURTC) SERVES INDIANA UNIVERSITY, THE STATE OF INDIANA, AND THE NATION THROUGH CREATION AND APPLICATION OF THE UNIVERSITY DEVELOPED TECHNOLOGIES AND SERVICES, AND THE EXPANDED LINKAGE OF THE PRIVATE SECTOR TO THE UNIVERSITY. 0 0 637976 INVESTMENTS - THE IURTC MANAGES THE BUSINESS AND INVESTMENTS UNDER THE INDIANA PHILANTHROPIC VENTURE FUND (IPVF) AS WELL AS INNOVATE INDIANA FUND I, LLC (IIF) REGARDING PLANNING, OPERATIONS, AND INVESTMENTS. BOTH IPVF AND IIF ARE ESTABLISHED TO ACQUIRE, HOLD, DISPOSE, AND MANAGE INVESTMENTS IN LIFE SCIENCE AND TECHNOLOGY COMPANIES. AN INVESTMENT COMMITTEE IS UTILIZED TO ASSIST WITH INVESTMENT DECISIONS. 491392 STUDENT ENGAGEMENT - THE STUDENT ENGAGEMENT PROGRAM IS ESTABLISHED TO FULLY REALIZE THE BENEFITS OF UNIVERSITY INNOVATIONS THROUGH START-UP COMPANY FORMATION AND SUPPORT. 206159 ANGEL NETWORK - CREATED IN FISCAL YEAR 2019, THE IURTC ENGAGES WITH HIGH NET WORTH INDIVIDUALS THROUGH THIS MEMBERSHIP NETWORK AND FACILITATES CONNECTIONS FOR STARTUP COMPANIES WITH PROSPECTIVE INVESTORS. THE ANGEL NETWORK CONTINUES THE IURTC AND THE UNIVERSITY'S MISSION OF FOSTERING A PERVASIVE ENTREPRENEURIAL CULTURE THAT CONTRIBUTES TO THE PROSPERITY OF THE STATE OF INDIANA, THE NATION, AND THE WORLD. 1335527 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 18 0 1 8 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 7 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X MICHAEL J BURTON CFO 3172781911 642 N MADISON STREET SUITE 113 BLOOMINGTON IN 47404 ANTHONY ARMSTRONG PRESIDENT AND CEO 40.00 X X 0 267811 57140 HARRY GONSO MEMBER 1.00 X 0 0 0 TING GOOTEE MEMBER 1.00 X 0 0 0 CHARLES SCHALLIOL MEMBER 1.00 X 0 0 0 GREGG SUMMERVILLE MEMBER 1.00 X 0 0 0 BILL STEPHAN BOARD CHAIR 1.00 40.00 X X 0 394134 50127 THEODORE WIDLANSKI MEMBER 1.00 40.00 X 0 169030 38026 TERI WILLEY EXECUTIVE DIRECTOR 40.00 X 222471 0 39061 JONATHAN BARADA VP OF ENGAGEMENT 40.00 X 187508 0 30225 MICHAEL BURTON CFO 40.00 X 147115 0 36926 JASON WHITNEY VP OF VENTURE DEVELOPMENT 40.00 X 186989 0 49687 JAMES FIELDING EIR MANAGEMENT 40.00 X 123239 0 23932 867322 830975 325124 5 0 1 0 0 64925 2500 24500 91925 MANAGEMENT FEES IU CONTRACT REVEN 541610 983000 983000 OTHER REVENUE 541900 4700 4700 987700 265583 265583 167320 1139504 -972184 -972184 -972184 MANAGEMENT FEES - IIF 541900 197600 197600 K-1 INCOME FROM PASS THROUGH ENTI 541900 -156586 -140753 -15833 41014 414038 987700 56847 -722434 682248 424140 258108 218149 131888 86261 94234 58583 35651 106693 66329 40364 59716 37124 22592 46694 8702 37992 35115 35115 98470 95500 2970 148969 111391 37578 24947 16910 8037 82513 72739 9774 63276 55707 7569 49209 25944 23265 DUES AND SUBSCRIPTIONS 12402 11882 520 PRINTING 126 24 102 PERSONNEL COST ALLOCATI 0 218664 -218664 1722761 1335527 387234 0 6805976 5131571 46090 46297 13942571 14544058 497463 331246 21292100 20053172 162134 117535 50875 63550 371127 373300 584136 554385 X 20707964 19498787 20707964 19498787 21292100 20053172 X -1308723 -30254 129800 X X 0 1 X 1 0 X X 1 INDIANA UNIVERSITY 356001673 6 1 6710167 0 1 6710167 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 NON-PUBLICLY TRADED STOCKS 382299 C INNOVATE INDIANA FUND I, LLC 3778133 C INDIANA PHILANTHROPIC VENTURE FUND 10383626 C 14544058 RELATED PARTY PAYABLE: UNIVERSITY 373300 373300 75389 -30254 718150 687896 -612507 1026545 1026545 414038 2310907 588146 588146 1722761 0 1722761 PART XI, LINE 2D - OTHER ADJUSTMENTS: INTERCOMPANY MANAGEMENT FEES 588,146. ADJUSTMENT FOR INCOME (LOSS) FROM PASSTHROUGH ENTITIES 130,004. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY ELIMINATIONS 1,026,545. PART XII, LINE 2D - OTHER ADJUSTMENTS: INTERCOMPANY MANAGEMENT FEES 588,146. X 0 0 0 0 0 0 0 0 0 BILL STEPHAN BOARD CHAIR 0 277620 0 0 0 116514 0 30500 0 19627 0 444261 0 0 ANTHONY ARMSTRONG PRESIDENT AND CEO 0 240811 0 0 0 27000 0 27960 0 29180 0 324951 0 0 TERI WILLEY EXECUTIVE DIRECTOR 222471 0 0 0 0 0 21918 0 17143 0 261532 0 0 0 JASON WHITNEY VP OF VENTURE DEVELOPMENT 186989 0 0 0 0 0 19177 0 30510 0 236676 0 0 0 JONATHAN BARADA VP OF ENGAGEMENT 187508 0 0 0 0 0 18731 0 11494 0 217733 0 0 0 THEODORE WIDLANSKI MEMBER 0 169030 0 0 0 0 0 25414 0 12612 0 207056 0 0 MICHAEL BURTON CFO 147115 0 0 0 0 0 15072 0 21854 0 184041 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FINANCE AND AUDIT COMMITTE REVIEWS AND APPROVES THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD IS RESPONSIBLE FOR MONITORING COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE CEO SENIOR LEADERS OF IURTC WILL BE DETERMINED AND REVIEWED BY THE COMPENSATION COMMITTTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: K-1 (GAIN) LOSS NOT REPORTED ON FINANCIAL STATEMENTS -896,541. INTERCOMPANY ELMINATION 1,026,341. PART XII, LINE 2C THE AUDIT COMMITTEE ASSUMES OVERSIGHT FOR THE FINANCIAL STATEMENTS. NO PROCESSES HAVE CHANGED FROM THE PRIOR YEAR. PART V, LINE 1C NO GAMING ACTIVITIES CONDUCTED BY THE ORGANIZATION. INDIANA PHILANTHROPIC VENTURE FUND LLC (IPVF) 518 INDIANA AVENUE INDIANAPOLIS IN 46202 823314905 INVEST IN DEVELOPMENT OF HIGH-POTENTIAL, EARLY-STAGE INNOVATIONS AND TECH IN -1026545 12920381 INDIANA UNIVERSITY RESEARCH & TECHNOLOGY CORPORATION INDIANA UNIVERSITY 107 S INDIANA AVE BLOOMINGTON IN 47405 356001673 UNIVERSITY IN 501(C)(3) 170(B)(1)(A)(V) 0 INNOVATE INDIANA FUND I LLC 518 INDIANA AVENUE INDIANAPOLIS IN 46202 273765586 MANAGEMENT OF BUSINESS HOLDINGS IN INDIANA UNIVERSITY RESEARCH & TECHNOLOGY CORPORATION INVESTMENT -314987 4300668 0 1 0.69640 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 INNOVATE INDIANA FUND I LLC L 197600 FMV OF SERVICES PERFORMED INDIANA UNIVERSITY - MANAGEMENT FEES L 983000 FMV OF SERVICES PERFORMED INDIANA UNIVERSITY - PAYMENT FOR EXPENSES P 6710167 FMV OF SERVICES PERFORMED INDIANA UNIVERSITY - LOAN FROM UNIVERSITY E 68827 NET PAYMENTS ON LOAN PAYABLE