2026-03-23T20:18:24-05:00 2025-06-30 593204548 JAMES MOORE & CO PL 5931 NW 1ST PLACE GAINESVILLE FL 326072063 990 2024-07-01 352427022 UNIVERSITY OF FLORIDA DEVELOPMENT CORPORATION UNIV 3522943660 PO BOX 113135 GAINESVILLE FL 326113135 TREVOR SCHNEIDER TREASURER 3522943660 2026-03-18 1 1 CORINNE LAROCHE P01500189 3523781331 2026-03-18 2024 2025-03-06 01:10:19Z TREVOR SCHNEIDER PO BOX 113135 GAINESVILLE FL 326113135 2347460 0 X WWW.ORE.UFL.EDU X 2011 FL TO PROMOTE THE EDUCATIONAL MISSION AND PURPOSES OF THE UNIVERSITY OF FLORIDA AND PROMOTE, MANAGE, AND ASSIST AND DEVELOP RESEARCH IN THE SCIENCES, TECHNOLOGY, BUSINESS, ARCHITECTURE, AGRICULTURE, ENGINEERING AND ANY OTHER FIELDS THAT FURTHER SUCH MISSION AND EDUCATIONAL PURPOSES AND PROMOTE ECONOMIC DEVELOPMENT. 3 2 4 0 0 0 5295731 0 2006157 1817848 371118 425411 0 104201 7673006 2347460 0 0 0 0 107942 106449 0 0 0 2295194 2295302 2403136 2401751 5269870 -54291 17606149 18307946 5749308 6505396 11856841 11802550 X TO PROMOTE THE EDUCATIONAL MISSION AND PURPOSES OF THE UNIVERSITY OF FLORIDA AND PROMOTE, MANAGE, AND ASSIST AND DEVELOP RESEARCH IN THE SCIENCES, TECHNOLOGY, BUSINESS, ARCHITECTURE, AGRICULTURE, ENGINEERING AND ANY OTHER FIELDS THAT FURTHER SUCH MISSION AND EDUCATIONAL PURPOSES AND PROMOTE ECONOMIC DEVELOPMENT. 0 0 2112845 1922049 TO MANAGE AND PROMOTE THE PROPERTIES OF INNOVATION SQUARE, LLC AS IT RELATES TO ECONOMIC GROWTH AND CREATING JOBS. 2112845 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 1 0 0 0 1 14 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 1 0 0 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 X TREVOR SCHNEIDER 3522942726 PO BOX 113135 GAINESVILLE FL 326113135 DAVID BRANDON BOARD CHAIR 1.00 0.00 X X 0 0 0 BRADLEY POLLITT VICE PRESIDENT 1.00 0.00 X X 0 0 0 COLT LITTLE SECRETARY UNTIL 3/7/2025 2.00 48.00 X X 0 301846 41990 MARK KAPLAN DIRECTOR UNTIL 3/6/2025; VP AS OF 3/7/2025 1.00 49.00 X X 0 387367 61001 SVEIN DYRKOLBOTN DIRECTOR UNTIL 2/28/2025 1.00 0.00 X 0 0 0 TREVOR SCHNEIDER TREASURER 5.00 45.00 X 11611 210266 44990 KACY JOY SECRETARY AS OF 3/7/2025 2.00 48.00 X 0 135037 47072 11611 1034516 195053 0 0 1 0 CLARENCE T AYERS MEDICAL PLAZA CONDO ASS PO BOX 113135 GAINESVILLE FL 32611 CONDO ASSOCIATION DUES 238054 JAMES MOORE & CO 5931 NW 1ST PLACE GAINESVILLE FL 32607 ACCOUNTING 125597 2 RENTAL INCOME 531120 1817848 1817848 1817848 425411 425411 OPTION PAYMENT 900099 104201 104201 104201 2347460 1922049 0 425411 23222 23222 83227 83227 16061 16061 146963 146963 76874 76874 12293 12293 1561 1561 902360 902360 864138 864138 11016 11016 DUES AND SUBSCRIPTIONS 252650 252650 MISCELLANEOUS EXPENSE 11386 11386 2401751 2112845 288906 0 1522987 1575479 1531605 1599613 10754 66477 9761 14340 16189501 8804464 7965303 7385037 6565739 7667000 17606149 18307946 335537 278602 263896 202238 5149875 6024556 5749308 6505396 X 11856841 11802550 0 0 0 0 11856841 11802550 17606149 18307946 -54291 0 X 0 1 X 0 0 X X 1 UNIVERSITY OF FLORIDA 596002052 2 1 2112845 0 1 2112845 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 FORM 990, SCHEDULE A, PART I, LINE 12G THE AMOUNT REPORTED ON SCHEDULE A, PART I, LINE 12G REPRESENTS PAYMENTS MADE DIRECTLY TO, OR ON BEHALF OF, THE SUPPORTED ORGANIZATION, THE UNIVERSITY OF FLORIDA AND ITS AFFILIATED ENTITIES. 2320284 2320284 13531445 8726367 4805078 196445 39200 157245 141327 38897 102430 7385037 DUE FROM RELATED PARTY 860259 LEASE RECEIVABLE 6673284 INTEREST RECEIVABLE 133457 7667000 SECURITY DEPOSITS 3767 DEFERRED INFLOW OF RESOURCES - LEASES 6020789 6024556 X 2347460 0 2347460 0 2347460 2401751 0 2401751 0 2401751 PART X, LINE 2: THE ORGANIZATION IS A NOT FOR PROFIT CORPORATION ESTABLISHED UNDER THE LAWS OF THE STATE OF FLORIDA AND IS GENERALLY EXEMPT FROM INCOME TAXES UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. INNOVATION SQUARE, LLC, IS A FLORIDA LIMITED LIABILITY CORPORATION. WHILE INNOVATION SQUARE, LLC IS NOT A TAX EXEMPT ENTITY, IT CARRIES OUT ITS BUSINESS ACTIVITIES IN A MANNER CONSISTENT WITH THE CHARITABLE, EDUCATION AND SCIENTIFIC PURPOSES OF ITS MEMBER, WHICH IS A NOT FOR PROFIT CORPORATION ORGANIZED UNDER CHAPTER 617, FLORIDA STATUTES, AND IS EXEMPT FROM FEDERAL TAXATION. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION AND INNOVATION SQUARE, LLC FILE TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE ORGANIZATION AND INNOVATION SQUARE, LLC HAVE REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF THEIR TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE ORGANIZATION AND INNOVATION SQUARE, LLC. THE ORGANIZATION'S INCOME TAX RETURNS FOR THE PAST THREE YEARS ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES, AND MAY CHANGE UPON EXAMINATION. 0 0 0 0 0 0 0 0 0 MARK KAPLAN DIRECTOR UNTIL 3/6/2025; VP AS OF 3/7/2025 0 379122 0 5180 0 3065 0 33288 0 27713 0 448368 0 0 COLT LITTLE SECRETARY UNTIL 3/7/2025 0 301846 0 0 0 0 0 30304 0 11686 0 343836 0 0 TREVOR SCHNEIDER TREASURER 11611 206518 0 2000 0 1748 0 22177 0 22813 11611 255256 0 0 KACY JOY SECRETARY AS OF 3/7/2025 0 135037 0 0 0 0 0 19403 0 27669 0 182109 0 0 FORM 990, PART V, LINE 2A: THE NUMBER OF EMPLOYEES REPORTED ON PART V, LINE 2A, REPRESENTS THE NUMBER OF EMPLOYEES OF THE FILING ORGANIZATION DURING THE TAX YEAR 2024 WHICH WERE REPORTED ON FORM W-3 BY THE UNIVERSITY OF FLORIDA, A RELATED ENTITY, AND THE COMMON PAYMASTER. FORM 990, PART V, LINE 1A: THE NUMBER OF FORMS REPORTED WERE FILED BY INNOVATION SQUARE, LLC WHICH IS A SINGLE MEMBER, LIMITED LIABILITY COMPANY (DISREGARDED ENTITY) OF THE FILING ORGANIZATION. INNOVATION SQUARE LLC'S ACTIVITIES ARE REPORTED ON THIS RETURN DUE TO THE DISREGARDED ENTITY NATURE AND CONSOLIDATED REPORTING. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE WILL HAVE AND MAY EXERCISE ALL POWERS AND AUTHORITY OF THE BOARD WHEN THE BOARD IS NOT IN SESSION AND MAY ACT IN LIEU OF ANY COMMITTEE; PROVIDED HOWEVER, THE EXECUTIVE COMMITTEE WILL HAVE NO AUTHORITY TO ALTER, AMEND, OR REPEAL THE ARTICLES OF INCORPORATION OR THE BYLAWS OF THE ORGANIZATION OR TO APPOINT DIRECTORS AND SHALL PROVIDE PROMPT NOTICE TO THE BOARD OF THE EXEUCTIVE COMMITTEE'S ACTIONS. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS BYLAWS AS OF 3/7/2025. SIGNIFICANT CHANGES INCLUDE THE FOLLOWING: 1. CLAUSE (B)(IV) OF SECTION 3 OF ARTICLE 4 OF THE BYLAWS RELATED TO APPOINTMENT OF APPOINTED DIRECTORS IS AMENDED BY INSERTING THE WORDS "UP TO" AT THE BEGINNING OF SUCH CLAUSE TO CREATE ADDITIONAL FLEXIBILITY IN THE NUMBER OF APPOINTED DIRECTORS. IN ACCORDANCE WITH THIS AMENDMENT, CLAUSE (B)(IV) OF SECTION 3 OF ARTICLE 4, IN CONTEXT, NOW READS: THE DIRECTORS .. . SHALL CONSIST OF THE FOLLOWING: ... (B) APPOINTEES OF THE UNIVERSITY PRESIDENT WHO SHALL BE ... (IV) UP TO TWO APPOINTED DIRECTORS WHO ARE MEMBERS OF THE COMMUNITY. 2. CLAUSE (B) OF SECTION 4 OF ARTICLE 4 OF THE BYLAWS RELATED TO APPOINTMENT OF APPOINTED DIRECTORS IS AMENDED BY DELETING SUCH CLAUSE IN ITS ENTIRETY AND RESTATING IT AS FOLLOWS TO ELIMINATE THE TERM LIMITS APPLICABLE TO APPOINTED DIRECTORS: B. APPOINTED DIRECTORS. APPOINTED DIRECTORS SHALL BE APPOINTED FOR A TERM OF FOUR (4) YEARS AND UNTIL THEIR SUCCESSOR IS APPOINTED. AN APPOINTED DIRECTOR SHALL BE ELIGIBLE FOR RE-APPOINTMENT FOR CONSECUTIVE TERMS OF FOUR (4) YEARS. VACANCIES OCCURRING DURING A TERM MAY BE FILLED FOR THE UNEXPIRED PORTION IN THE MANNER PROVIDED FOR THE APPOINTMENT OF APPOINTED DIRECTORS. 3. SECTION 5 OF ARTICLE 4 OF THE BYLAWS RELATED TO THE VICE CHAIRPERSON IS AMENDED BY DELETING SUCH CLAUSE IN ITS ENTIRETY AND RESTATING IT AS FOLLOWS TO ELIMINATE THE REQUIREMENT THAT THE VICE CHAIRPERSON BE PRESIDENT OF THE CORPORATION: SECTION 5. VICE CHAIRPERSON. A MEMBER OF THE BOARD OF DIRECTORS SHALL BE ELECTED BY THE BOARD AS VICE CHAIRPERSON OF THE BOARD, WHO SHALL ACT AS CHAIRPERSON DURING THE ABSENCE OR DISABILITY OF THE CHAIRPERSON AND EXERCISE SUCH OTHER DUTIES AS ARE SPECIFIED IN THESE BYLAWS OR ARE OTHERWISE CONFERRED BY THE BOARD. 4. ARTICLE 6 OF THE BYLAWS RELATED TO THE OFFICERS IS AMENDED BY DELETING SUCH ARTICLE IN ITS ENTIRETY AND RESTATING IT AS FOLLOWS TO ELIMINATE THE REQUIREMENT THAT THE PRESIDENT BE A DIRECTOR OF THE CORPORATION AND THE REQUIREMENT THAT THE SECRETARY NOT BE A DIRECTOR. IN ACCORDANCE WITH THIS AMENDMENT, ARTICLE 6 NOW READS: ARTICLE 6. OFFICERS. THE CHAIRPERSON SHALL APPOINT A SECRETARY OF THIS CORPORATION. ALL OTHER OFFICERS SHALL BE ELECTED BY THE BOARD. ANY REFERENCE IN THESE BYLAWS TO ANY OFFICER OTHER THAN THE PRESIDENT AND SECRETARY SHALL ASSUME, BUT DOES NOT REQUIRE, THAT A PERSON HAS BEEN APPOINTED TO FILL SUCH OFFICE. 5. SECTION 1 OF ARTICLE 7 OF THE BYLAWS RELATED TO THE PRESIDENT IS AMENDED BY DELETING SUCH SECTION IN ITS ENTIRETY AND RESTATING IT AS FOLLOWS TO ELIMINATE THE REQUIREMENT THAT THE PRESIDENT BE A DIRECTOR OF THE CORPORATION: SECTION 1. PRESIDENT. THE PRESIDENT SHALL BE EMPOWERED TO SIGN ALL DOCUMENTS AND TAKE ALL ACTIONS TO EFFECTUATE MATTERS APPROVED BY THE BOARD AND WILL PERFORM OTHER DUTIES ASSIGNED TO HIM OR HER BY THE BOARD OR THESE BYLAWS. THE PRESIDENT SHALL REPORT TO THE CHAIRPERSON OF THE BOARD AND TO THE UNIVERSITY PRESIDENT OR HIS OR HER DESIGNEE. FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS, ONE OF WHOM SHALL BE APPOINTED BY THE UNIVERSITY PRESIDENT AS CHAIR, SHALL BE PERSONS APPOINTED BY THE UNIVERSITY OF FLORIDA PRESIDENT AND SHALL CONSIST OF THREE EX-OFFICIO DIRECTORS, AND UP TO TWO APPOINTED DIRECTORS WHO ARE MEMBERS OF THE COMMUNITY. FORM 990, PART VI, SECTION A, LINE 8B UFDC DOES NOT CURRENTLY HAVE ANY COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 WILL BE REVIEWED BY THE DIRECTOR, OFFICE OF REAL ESTATE AND OFFICE ASSISTANT. A FINAL COPY OF THE FORM 990 WILL BE PROVIDED TO THE GOVERNING BOARD MEMBERS FOR THEIR RECORDS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER, AND MEMBER OF A COMMITTEE (IF APPLICABLE) WITH BOARD-DELEGATED POWERS MUST ANNUALLY SIGN A STATEMENT AFFIRMING RECEIPT OF THE CONFLICT OF INTEREST POLICY, HE/SHE HAS READ AND UNDERSTANDS THE POLICY, AGREEMENT TO COMPLY WITH THE POLICY, AND HIS/HER UNDERSTANDING THAT THE CORPORATION IS A CHARITABLE ORGANIZATION AND MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ITS TAX-EXEMPT PURPOSES. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, ANY DIRECTOR OR OFFICER OR MEMBER OF A COMMITTEE (IF APPLICABLE) WITH BOARD-DELEGATED POWERS MUST PROMPTLY DISCLOSE TO THE SECRETARY OF THE CORPORATION THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND THE INFORMATION WILL BE PROVIDED TO THE DIRECTORS AND COMMITTEE MEMBERS (IF APPLICABLE) CONSIDERING THE PROPOSED MATTER. THE REMAINING BOARD OR COMMITTEE MEMBERS (IF APPLICABLE) DECIDE WHETHER A CONFLICT OF INTEREST EXISTS AND, IF APPLICABLE, WHETHER A WAIVER OF THE CONFLICT OF INTEREST OR RECUSAL IS THE APPROPRIATE MEANS OF ADDRESSING THE CONFLICT OF INTEREST. IF THE BOARD HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS, THE BOARD WILL TAKE APPROPRIATE ACTION. FORM 990, PART VI, SECTION C, LINE 19 ALL APPLICABLE FORMS, GOVERNING DOCUMENTS, POLICIES, AND FINANCIALS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. INNOVATION SQUARE LLC 720 SW 2ND AVENUE SUITE 108 GAINESVILLE FL 32601 461350585 DEVELOPMENT FL 2347460 18307946 UNIVERSITY OF FLORIDA DEVELOPMENT CORPORATION UNIVERSITY OF FLORIDA PO BOX 113203 GAINESVILLE FL 32611 596002052 EDUCATION FL 115(1) N/A N/A 0 SHANDS TEACHING HOSPITAL AND CLINICS INC PO BOX 100362 GAINESVILLE FL 32610 591943502 HOSPITAL FL 501(C)(3) LINE 3 UNIVERSITY OF FLORIDA 0 CLARENCE T AYERS MEDICAL PLAZA CONDO ASSOC INC PO BOX 113135 GAINESVILLE FL 32611 592894391 COMM. CONDO ASSOC. FL INNOVATION SQUARE LLC S 266809 1611372 0.85020 1 0 0 0 1 0 0 0 0 0 1 0 0 1 0 0 1 0 1 1 CLARENCE T AYERS MEDICAL PLAZA CONDO ASSOC INC D 48261 CASH VALUE UNIVERSITY OF FLORIDA J 1215726 CASH VALUE SHANDS TEACHING HOSPITAL AND CLINICS INC J 327429 CASH VALUE CLARENCE T AYERS MEDICAL PLAZA CONDO ASSOC INC M 252650 CASH VALUE UNIVERSITY OF FLORIDA P 106449 CASH VALUE