2025-10-27T13:05:18-05:00 2025-06-30 450250958 EIDE BAILLY LLP 2950 E HARMONY RD STE 290 FORT COLLINS CO 805283429 990 2024-07-01 840600653 COLORADO STATE UNIVERSITY RESEARCH FOUNDATION COLO 9704912933 PO BOX 483 FORT COLLINS CO 80522 LYNN JOHNSON CHIEF FINANCIAL OFFICER 9704912933 2025-10-13 1 1 KYLE FRITCH CPA P01313374 9702238825 2025-10-13 2024 2025-03-06 01:10:19Z CSU STRATA LYNN JOHNSON PO BOX 483 FORT COLLINS CO 80522 23506794 0 X WWW.CSUSTRATA.ORG X 1941 CO AID & ASSIST UNIVERSITIES GOVERNED BY THE CSU SYSTEM IN THEIR RESEARCH & EDUCATIONAL EFFORTS. 6 6 63 8 501765 477423 5628378 11543768 117684 153165 930111 646851 11255839 10947393 17932012 23291177 0 0 0 0 5976117 6332511 0 0 0 10352116 11072749 16328233 17405260 1603779 5885917 70186159 159935912 49707237 133571073 20478922 26364839 X CSU STRATA WAS ORGANIZED IN 1941 TO AID THE UNIVERSITIES GOVERNED BY THE BOARD OF GOVERNORS OF THE COLORADO STATE UNIVERSITY SYSTEM (CSUS, INCLUDING COLORADO STATE UNIVERSITY, COLORADO STATE UNIVERSITY PUEBLO, AND CSU GLOBAL) IN THEIR RESEARCH AND EDUCATIONAL EFFORTS. CSU STRATA PROVIDES PROPERTY AND EQUIPMENT LEASING, PATENT AND LICENSING MANAGEMENT, DEBT FINANCING THROUGH MORTGAGE DEBT SERVICE, AND LAND ACQUISITION, DEVELOPMENT AND PROPERTY MANAGEMENT. 1 0 10666882 6953716 CSU STRATA PROVIDES MANAGEMENT OF VARIOUS COMMERCIAL AND RESIDENTIAL PROPERTIES HELD BY OR FOR THE BENEFIT OF COLORADO STATE UNIVERSITY. 2771309 3666648 TECHNOLOGY TRANSFER ASSISTS WITH PATENT AND LICENSING MANAGEMENT. 13438191 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 195 0 1 63 1 1 1 1 MX 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 1 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 1 1 CO X GREGG ULLMANN 9704924011 2537 RESEARCH BOULEVARD SUITE 200 FORT COLLINS CO 80526 BOB HOTMAN CHAIR 1.00 X X 0 0 0 DAVID CONRAD VICE-CHAIR/ SECRETARY 1.00 X X 0 0 0 JOHN IKARD TRUSTEE 1.00 X 0 0 0 STEVE GABEL TRUSTEE (FROM 10/08/24) 1.00 X 0 0 0 VICTORIA QUINTANA TRUSTEE (FROM 10/08/24) 1.00 X 0 0 0 ARTHUR VALDEZ TRUSTEE (FROM 10/08/24) 1.00 X 0 0 0 PAUL HUDNUT TRUSTEE (THRU 04/01/25) 1.00 X 0 0 0 DON MAROSTICA TRUSTEE (THRU 10/08/24) 1.00 X 0 0 0 AJAY MENON PRESIDENT/ CHIEF EXECUTIVE OFFICER 40.00 X 530707 0 80028 LYNN JOHNSON CFO & SECRETARY/TREASURER 40.00 X 239571 0 60743 RICHARD MAGID VICE PRESIDENT - TECHNOLOGY TRANSFER 40.00 X 212643 0 42968 STEPHEN LAUGHLIN - VP ADVANCED LASER (THRU 03/15/25) 40.00 X 93330 0 8458 PETER MEYER- VP - REAL ESTATE SERVICES (FROM 11/18/24) 40.00 X 25678 0 462 JOSHUA PETERSON - VP ADVANCED LASER (FROM 06/16/25) 40.00 X 0 0 0 STEVE FOSTER DIRECTOR - LICENSING 40.00 X 146954 0 38389 JAMES POSS DIRECTOR - VENTURES CREATIONS 40.00 X 172458 0 52808 DIANA PRIETO DIRECTOR - HUMAN RESOURCES 40.00 X 153206 0 34537 THOMAS JANKOWSKI DIRECTOR - TECHNOLOGY 40.00 X 144885 0 20673 GREGGORY ULLMANN CONTROLLER 40.00 X 126641 0 14780 JULIE BIRDSALL- FORMER CFO SENIOR MANAGER FINANCE & ACCOUNTING 40.00 X 107764 0 27096 1953837 0 380942 17 1 1 0 TETRAD REAL ESTATE LLC 10340 N 84TH ST OMAHA NE 68122 CONSTRUCTION CONTRACTOR 9064848 BOSS HOGG LLC 19 FOXTAIL CIRCLE ENGLEWOOD CO 80113 CONSULTING 500000 TETRAD CORP DBA DOUBLE 8 RANCH PO BOX 159 ELK MOUNTAIN WY 82324 LIVESTOCK 242695 THOMAS HADLEY DBA PREVISE LLC 8111 ISLANDER COURT WINDSOR CO 80528 CONSULTING 194654 FAITH ENTERPRISES 919 W COSTILLA ST COLORADO SPRINGS CO 80905 CONSTRUCTION CONTRACTOR 172551 12 X 6251268 5292500 285000 11543768 PROGRAM SERVICE REVENUE 531390 88165 88165 65000 65000 153165 756441 21571 734870 3666648 3666648 6857070 0 6857070 6857070 6376876 480194 4837 101190 0 215617 4837 -114427 -109590 -109590 423675 0 423675 423675 23291177 10620364 501765 625280 1558987 507137 1051850 117864 117864 3490721 3023698 467023 477081 385520 91561 339899 272831 67068 347959 243571 104388 652666 565531 87135 72031 72031 9600 9600 1217013 1217013 11964 11964 23913 23913 276099 276099 2771309 2771309 2128001 2127221 780 77910 77910 26290 26290 1368296 1368296 1439049 1428369 10680 462659 410313 52346 MAXWELL RANCH EXPENSES 186494 186494 DUES & LICENSES 35125 1518 33607 STAFF TRAINING 19838 19838 294492 134419 160073 17405260 13438191 3967069 0 481912 83979770 5104109 2963044 1772248 1507137 8161193 7848522 25215 34821 30614 48507 61400347 14683770 36400232 46716577 9585255 8402084 58 52 8625323 8435398 70186159 159935912 5565495 7394186 322443 241951 81557258 36032826 36845123 7786473 7532555 49707237 133571073 X 20282976 26168893 195946 195946 20478922 26364839 70186159 159935912 5885917 0 X 0 1 X 0 0 X 4476441 4387955 5714083 5628378 11543768 31750625 4476441 4387955 5714083 5628378 11543768 31750625 31750625 237710 210595 267694 825401 734870 2276270 1868908 178556 308149 383725 478423 3217761 37244656 52565002 0.85250 0.83450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9600 9600 17395664 17405264 1000000 250000 0 0 1000000 1000000 1500000 9600 9600 250000 250000 375000 163114 163114 163114 163114 163114 163114 163114 163114 163114 163114 0.00000 1.00000 0.00000 0 0 11716110 11716110 32277338 12014892 20262446 3459493 1591542 1867951 641384 555617 85767 13306022 521719 12784303 46716577 PROPERTY HELD FOR CSU 7204237 LONG-TERM RECEIVABLES LEASED EQUIPMENT 91919 DEPOSITS AND DEFERRED COSTS 24171 INVESTMENT IN CSURF AC 1115071 8435398 SECURITY DEPOSITS 328318 PROPERTY HELD FOR CSU 7204237 7532555 X PART V, LINE 4: THE ENDOWMENT FUND CONSISTS OF THE FOLLOWING: IN 1969, CSU STRATA RECEIVED A GIFT OF APPROXIMATELY 11,650 ACRES OF LAND, IMPROVEMENTS AND SOME OTHER ASSETS. THE PROPERTY IS SUBJECT TO THE CONDITION THAT THE REAL ESTATE WOULD NEVER BE SOLD OR DISPOSED OF AND WILL BE USED IN ORGANIZATION'S EXEMPT PURPOSES. PART X, LINE 2: CSU STRATA IS ORGANIZED AS A COLORADO NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), WHICH QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION, AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION. WE ARE ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, WE ARE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. WE HAVE DETERMINED THAT CERTAIN OPERATIONS OF CSU STRATA ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAVE FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990T) WITH THE IRS FOR BOTH YEARS ENDED JUNE 30, 2025 AND 2024. OUR FORMS 990T ARE NO LONGER SUBJECT TO TAX EXAMINATION FOR YEARS PRIOR TO 2022. NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES OPERATIONAL SUPPORT FOR PROGRAM EXPENSES 796704 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 INVESTMENT IN FOREIGN SUBSIDIARY 1115071 0 0 0 0 0 0 1911775 0 1911775 0 0 0 0 0 0 SCHEDULE F, PART I, LINE 3: THE COLORADO STATE UNIVERSITY TODOS SANTOS CENTER (THE CENTER) HOUSES TWO SEPARATE TAX EXEMPT MEXICAN ENTITIES. ONE ENTITY, CSURF TS, PROVIDES THE OPPORTUNITY FOR COLORADO STATE UNIVERSITY (CSU) STUDENTS TO GROW AS GLOBAL CITIZENS IN THEIR UNDERSTANDING OF AND APPRECIATION FOR OTHER CULTURE ANDS; THE CENTER PROVIDES A VARIETY OF RESEARCH AND EDUCATIONAL OPPORTUNITIES THAT CSU STUDENTS WOULD NOT OTHERWISE BE ABLE TO BE A PART OF. THE SECOND ORGANIZATION, CSURF AC, OWNS AND OPERATES THE FACILITY AND SERVES AS A COMMUNITY HUB FOR EDUCATIONAL SESSIONS AND INFORMATION SHARING FOR THE LOCAL COMMUNITY. CSU'S LEADING EDUCATIONAL RESOURCES AND EXPERTISE COMBINED WITH NATURAL, CULTURAL AND HISTORICAL ASPECTS OFFERED BY THE COMMUNITY CREATES EXPANSIVE POSSIBILITIES FOR RESEARCH, LEARNING AND EXPERIENCES FOR BAJA CALIFORNIA SUR RESIDENTS, THE CSU COMMUNITY, AND BEYOND. IN FULFILLMENT OF CSU STRATA'S MISSION TO AID AND ASSIST CSU IN THEIR RESEARCH AND EDUCATIONAL EFFORTS, CSU STRATA TRANSFERS PROGRAM REVENUES AND OPERATIONAL FUNDS FROM THE U.S. TO THE CSURF AC AND CSURF TS IN MEXICO TO SUPPORT THE ACTIVITIES HELD AT THE TODOS SANTOS CENTER. PROGRAM SERVICE AMOUNTS REPORTED ON SCHEDULE F, PART I, LINE 3 REPRESENT THE FUNDS TRANSFERRED FOR BOTH ENTITIES DURING FISCAL YEAR ENDED JUNE 30, 2025. X 0 0 0 0 0 0 0 1 0 AJAY MENON PRESIDENT/ CHIEF EXECUTIVE OFFICER 529123 0 1584 0 0 0 51120 0 30546 0 612373 0 0 0 LYNN JOHNSON CFO & SECRETARY/TREASURER 238086 0 1485 0 0 0 34675 0 27642 0 301888 0 0 0 RICHARD MAGID VICE PRESIDENT - TECHNOLOGY TRANSFER 212344 0 299 0 0 0 29804 0 14687 0 257134 0 0 0 JAMES POSS DIRECTOR - VENTURES CREATIONS 172090 0 368 0 0 0 25152 0 28992 0 226602 0 0 0 DIANA PRIETO DIRECTOR - HUMAN RESOURCES 152651 0 555 0 0 0 20373 0 15274 0 188853 0 0 0 STEVE FOSTER DIRECTOR - LICENSING 146672 0 282 0 0 0 20656 0 18840 0 186450 0 0 0 THOMAS JANKOWSKI DIRECTOR - TECHNOLOGY 144398 0 487 0 0 0 19567 0 2160 0 166612 0 0 0 JULIE BIRDSALL- FORMER CFO SENIOR MANAGER FINANCE & ACCOUNTING 107339 0 425 0 0 0 14727 0 13302 0 135793 0 0 0 PART I, LINE 7 CSU STRATA ANNUALLY REVIEWS THE PERFORMANCES OF THE EXECUTIVE STAFF AND OTHER STAFF TO DETERMINE IF ADDITIONAL COMPENSATION IN THE FORM OF BONUSES WILL BE PAID. DURING CALENDAR YEAR ENDING DECEMBER 31, 2024, BONUSES WERE AWARDED BASED ON REVIEW OF EACH INDIVIDUAL'S PERFORMANCE AND SERVICES TO THE ORGANIZATION. A CSU STRATA CSU SYSTEM GUARANTEED LASER FACILITY REV BONDS SERIES 2025A 840600653 19668UAH9 2025-06-26 38765853 EDUCATION - GUARANTEED LASER FACILITY 0 0 0 A 38765853 370803 51807 38343243 0 0 0 0 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 X 1 285000 APPRAISAL 0 0 0 1 PART I, COLUMN (B): THE AMOUNT REPORTED IN COLUMN (B) IS THE NUMBER OF CONTRIBUTIONS RECEIVED. PART I, LINE 32B: THIRD PARTY ATTORNEYS, REAL ESTATE BROKERS AND ENGINEERING CONSULTANTS MAY BE HIRED TO ASSIST WITH THE VALUATION SALE OF A DONATED REAL ESTATE ASSET FORM 990, PART III, LINE 2 CSU STRATA HAS BEGUN CONSTRUCTION OF A LASER FACILITY IN FISCAL YEAR 2025 THAT WILL BE USED BY CSU UNIVERSITY. THERE ARE NO EXPECTED REVENUES UNTIL FISCAL 2027. THE FACILITY IS THE COMBINED RESULT OF 40 YEARS OF LASER DEVELOPMENT RESEARCH AT CSU UNIVERSITY IN PARTNERSHIP WITH THE U.S. DEPARTMENT OF ENGERGY'S FUSION ENERGY SCIENCES PROGARM. A MAJOR TOPIC OF RESEARCH AT THE FACILITY WILL BE LASER-DRIVEN FUSION AS A VIABLE CLEAN ENERGY SOURCE. FORM 990, PART VI, SECTION A, LINE 4 THE ARTICLES OF INCORPORATION WERE RESTATED AND BYLAWS WERE AMENDED TO ALLOW REVIEW AND AFFIRM AUTHORITY OF BYLAW AMENDMENTS, TO THE CSU SYSTEM BOARD OF GOVENORS. THERE WERE TWO EX-OFFICION NON-VOTING MEMBERS ALSO ADDED TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PRESENTED TO CSU STRATA'S BOARD OF TRUSTEES BY THE AUDIT FIRM DURING THE ANNUAL BOARD MEETING FOR DISCUSSION AND APPROVAL BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS/TRUSTEES AND KEY EMPLOYEES ARE COVERED BY THE POLICY AND ARE REQUIRED TO COMPLETE AND SUBMIT A CONFLICT OF INTEREST FORM ANNUALLY DISCLOSING ANY/ALL POTENTIAL CONFLICTS. IN ADDITION, ALL EMPLOYEES ARE REQUIRED TO SUBMIT A CONFLICT OF INTEREST STATEMENT TO THE CORPORATION. IF CONFLICTS ARE DISCLOSED, THE BOARD AND SENIOR MANAGEMENT REVIEWS AND RESPONDS ACCORDINGLY AND IF DISCLOSED BY A VOTING MEMBER, THE MEMBER ABSTAINS FROM VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR ALL EMPLOYEES IS BASED ON VARIOUS FACTORS, INCLUDING BUT NOT LIMITED TO, THE RESPONSIBILITIES ASSOCIATED WITH THE POSITION, RELEVANT EXPERIENCE AND EDUCATION OF THE EMPLOYEE, AND COMPARABLE POSITIONS WITHIN THE NONPROFIT SECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART VIII, LINE 6A: THE PRIMARY PURPOSE OF CSU STRATA IS TO AID AND ASSIST COLORADO STATE UNIVERSITY AND OTHER UNIVERSITIES GOVERNED BY THE BOARD OF GOVERNORS OF COLORADO STATE UNIVERSITY SYSTEM IN THEIR RESEARCH AND EDUCATIONAL EFFORTS. IN FULFILLING THE ORGANIZATION'S EXEMPT PURPOSE, PART OF CSU STRATA'S FUNCTION IS TO ASSIST COLORADO STATE UNIVERSITY IN ACQUIRING REAL ESTATE AND LAND FOR OPERATIONS AS WELL AS FOR FUTURE EXPANSION OF THE UNIVERSITY. COLORADO STATE UNIVERSITY RESEARCH FOUNDATION DE MEXICO AC IGNACIO L VALLARTA 811 SUR COLONI MONTERREY NUEVO LEON MX CP 64070 OPERATE TODOS SANTOS CAMPUS MX CSU STRATA 1 COLORADO STATE UNIVERSITY RESEARCH FOUNDATION TODOS SANTOS AC IGNACIO L VALLARTA 904 COL MIRADO MONTERREY NUEVO LEON MX CP 64070 PROVIDE COURSES & WORKSHOPS MX CSU STRATA 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 COLORADO STATE UNIVERSITY RESEARCH FOUNDATION DE MEXICO AC R 254044 COST COLORADO STATE UNIVERSITY RESEARCH FOUNDATION TODOS SANTOS AC R 466973 COST