2026-03-06T16:58:43-06:00 2025-06-30 640575804 T E LOTT & COMPANY CPA'S PO BOX 80282 STARKVILLE MS 397590282 990 2024-07-01 640923875 MISSISSIPPI STATE UNIVERSITY RESEARCH & TECHNOLOGY CORPORATION MISS 6623256849 PO BOX 6343 MISSISSIPPI STATE MS 39762 MARC MCGEE DIRECTOR 6623256849 2026-03-03 1 1 KATHERINE W LITTLE CPA P01022250 6623231234 2026-03-03 2024 2025-03-06 01:10:19Z MARC MCGEE PO BOX 6343 MISSISSIPPI STATE MS 39762 9164409 0 X N/A X 1997 MS ENCOURAGE & PROMOTE NEW TECHNOLOGIES & RESEARCH BY WORKING WITH BUSINESS, INDUSTRY AND MSU. 9 9 0 0 0 0 857417 4733126 0 0 748565 788760 3776800 3625023 5382782 9146909 0 0 0 0 346511 368824 0 0 0 6195480 5099614 6541991 5468438 -1159209 3678471 56225755 80401127 49249431 69758537 6976324 10642590 TO ENCOURAGE AND PROMOTE NEW TECHNOLOGIES AND RESEARCH BY WORKING WITH BUSINESS, INDUSTRY AND MISSISSIPPI STATE UNIVERSITY. 0 0 5015820 2493035 BUILDING AND MAINTENANCE TO MAINTAIN THE UPKEEP OF BUILDINGS CONSTRUCTED FOR THE PURPOSE OF HOUSING RESEARCH AND DEVELOPMENT ACTIVITIES 5015820 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 13 0 1 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 X MARC MCGEE 6623256849 PO BOX 6171 MISSISSIPPI STATE MS 39762 MARC MCGEE DIRECTOR 38.00 X X 0 169160 0 JOHN RUSH BOARD MEMBER 0.00 X 0 0 0 DAVID SHAW BOARD MEMBER 0.00 X 0 0 0 GREG HINKEBEIN BOARD MEMBER 0.00 X 0 0 0 KATHY GELSON BOARD MEMBER 0.00 X 0 0 0 GIFF ORMES BOARD MEMBER 0.00 X 0 0 0 JULIE JORDAN PRESIDENT 1.00 X 0 31992 0 KEITH COBLE VICE PRESIDENT 0.00 X 0 0 0 LES POTTS TREASURER 0.00 X 0 0 0 JOAN LUCAS SECRETARY/GENERAL COUNSEL 0.00 X 0 0 0 0 201152 0 0 0 1 0 0 4733126 4733126 805768 805768 2493035 0 2493035 2493035 2493035 492 17500 -17008 -17008 -17008 OTHER INCOME 900099 1131988 1131988 1131988 9146909 4413783 0 0 368824 368824 6213 6213 22329 22329 4624 2618 2006 295869 295869 3498 3498 186994 186994 1537225 1537225 96869 76635 20234 UTILITIES 1250369 1250369 CONSULTANTS - SUBCONTRA 1108670 1108670 FACILITIES AND EQUIPMEN 387854 387854 CUSTODIAL SERVICES 87514 87514 111586 82072 29514 5468438 5015820 452618 0 2817184 3191048 189053 578434 41244 47355 55461375 16739972 37944243 38721403 115008 97510 15119023 37765377 56225755 80401127 105373 666224 157415 142309 10481000 9902251 1644709 1627833 36860934 57419920 49249431 69758537 X 6976324 10642590 6976324 10642590 56225755 80401127 X 3678471 -12205 X X 0 1 X 1 0 X 883507 806865 1310562 857417 4733126 8591477 883507 806865 1310562 857417 4733126 8591477 8591477 16053 9150 87369 748565 805768 1666905 918142 1054385 1355908 1236726 1131988 5697149 15955531 11595320 0.53850 0.43170 X 2480118 2480118 45564521 13932464 31632057 3142794 2282770 860024 607209 524738 82471 3666733 3666733 38721403 RESTRICTED CASH 14598597 RIGHT-OF-USE ASSET 23166780 37765377 SECURITY DEPOSITS 325 DEFERRED GRANT INCOME 34252815 LEASE LIABILITY 23166780 57419920 X 9146909 0 9146909 0 9146909 5480643 0 5480643 -12205 -12205 5468438 PART X, LINE 2: ASC TOPIC 740, INCOME TAXES, PROVIDES GUIDANCE ON FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITION TAKEN, OR EXPECTED TO BE TAKEN, IN TAX RETURNS. ASC TOPIC 740 REQUIRES AN EVALUATION OF TAX POSITIONS TO DETERMINE IF THE TAX POSITIONS WILL MORE LIKELY THAN NOT BE SUSTAINABLE UPON EXAMINATION BY THE APPROPRIATE TAX AUTHORITY. THE CORPORATION, AT JUNE 30, 2025, HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: BOOK/TAX GAIN DIFFERENCE PART XII, LINE 4B - OTHER ADJUSTMENTS: BOOK/TAX DEPRECIATION DIFFERENCE -12,205. 0 0 0 0 0 0 0 0 0 MARC MCGEE DIRECTOR 0 169160 0 0 0 0 0 0 0 0 0 169160 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE MANAGER IS GIVEN THE AUTHORITY BY THE BOARD OF DIRECTORS TO REVIEW THE 990 WITH THE CPA. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE ASKED TO REVIEW AND SIGN THE CONFLICT OF INTEREST STATEMENT AFFIRMATION OF UNDERSTANDING. FORM 990, PART VI, SECTION C, LINE 19 THE CORPORATION'S FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION BY THE PUBLIC UPON REQUEST, IN ITS OFFICE. FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC JULIE JORDAN - P.O. BOX 6343, MISSISSIPPI STATE, MS 39762. KEITH COBLE - P.O. BOX 9800, MISSISSIPPI STATE, MS 39762. LES POTTS - P.O. BOX 6018, MISSISSIPPI STATE, MS 39762. JOAN LUCAS - P.O. BOX 6171, MISSISSIPPI STATE, MS 39762. MARC MCGEE - 100 RESEARCH BLVD, SUITE 105, STARKVILLE, MS 39759. JOHN RUSH - P O BOX 6149, MISSISSIPPI STATE, MS 39762. FORM 990, PART XI, LINE 9: TAX DEPRECIATION DIFFERENCE -12,205. FORM 990, PART XI, LINE 2C BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT AND SELECTION OF THE INDEPENDENT AUDITOR. FORM 990, PART X, LINE 15 AND LINE 25 THE CORPORATION ENTERED INTO A 50 YEAR SITE DEVELOPMENT (GROUND) LEASE WITH THE U.S. DEPARTMENT OF THE AIR FORCE ON DECEMBER 20, 2024, TO CONSTRUCT AND OPERATE A 100,000 SQUARE FOOT FACILITY FOR THE MISSISSIPPI CYBER AND TECHNOLOGY CENTER. UNDER THE LEASE, APPROXIMATELY 14 ACRES ARE LEASED TO THE CORPORATION, AND A PORTION OF THE FUTURE FACILITY WILL BE DEDICATED TO AIR FORCE USE AT NO MONETARY CHARGE. THE FACILITY REMAINED UNDER CONSTRUCTION AS OF JUNE 30, 2025. IN CONNECTION WITH THE LEASE, THE CORPORATION RECORDED A RIGHT-OF-USE ASSET AND CORRESPONDING LEASE LIABILITY OF $23,166,780 AS OF JUNE 30, 2025, MEASURED USING THE CORPORATION'S INCREMENTAL BORROWING RATE OF 1.97%. THE RIGHT-OF-USE ASSET IS PRESENTED IN [PART X, LINE 15 OTHER ASSETS], AND THE LEASE LIABILITY IS PRESENTED IN [PART X, LINE 25 OTHER LIABILITIES]. NO RENTAL EXPENSE OR IN-KIND CONTRIBUTION REVENUE WAS RECOGNIZED IN FISCAL 2025 BECAUSE THE FACILITY WAS NOT YET PLACED IN SERVICE AND THE IN-KIND OCCUPANCY HAS NOT COMMENCED. FOR THE YEAR ENDED JUNE 30, 2024, THE CORPORATION HAD NO MATERIAL LEASE ARRANGEMENTS. MISSISSIPPI STATE UNIVERSITY 617 ALLEN HALL MISSISSIPPI STATE MS 39762 646000819 SUPPORT OF RESEARCH, TECHNOLOGICAL DEVELOPMENT AND ECONOMIC GROWTH MS 501 0 MISSISSIPPI STATE UNIVERSITY ADVANCED RESEARCH & TECHNOLOGY CORPORATION PO BOX 6343 MISSISSIPPI STATE MS 39762 813934085 SUPPORT OF RESEARCH, TECHNOLOGICAL DEVELOPMENT AND ECONOMIC GROWTH MS 501 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 MISSISSIPPI STATE UNIVERSITY B 1108670 FMV MISSISSIPPI STATE UNIVERSITY A 1063400 FMV