Nonprofit · EIN 86-0488828
ARIZONA STATE UNIVERSITY RESEARCH PARK INC
Tax-exempt · SCOTTSDALE, AZ 85253
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $14,528,109 | $8,559,664 | $5,968,445 | $85,894,079 | $16,790,244 | $69,103,835 |
| June 30, 2024 | 990 | $14,466,903 | $8,214,454 | $6,252,449 | $79,315,571 | $16,180,181 | $63,135,390 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $14,336,490
- Investment income
- $191,619
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $150,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $8,933
- Accounting fees
- $79,784
- Occupancy
- $6,735,813
- Travel
- $51
- Depreciation
- $413,842
- Program services (functional)
- $8,345,596
- Management and general (functional)
- $214,068
Balance sheet and other
- Total assets, start of year
- $79,315,571
- Total assets, end of year
- $85,894,079
- Total liabilities, end of year
- $16,790,244
- Net assets, end of year
- $69,103,835
- Land, buildings and equipment
- $4,084,478
- Net assets without donor restrictions
- $69,103,835
- Gross receipts
- $14,528,109
- Employees
- 0
- Volunteers
- 5
- Year formed
- 1984
- State of legal domicile
- AZ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR MORGAN OLSEN | PRESIDENT/DIRECTOR Trustee or director, Officer | 1 | $0 | $1,104,247 | $62,791 |
| LISA LOO | DIRECTOR Trustee or director | 1 | $0 | $613,907 | $41,135 |
| DR KYLE SQUIRES | DIRECTOR Trustee or director | 1 | $0 | $589,306 | $29,347 |
| ANJALI HALABE | SECRETARY/TREASURER Officer | 1 | $0 | $411,810 | $25,867 |
| JOHN LEWIS | VICE PRESIDENT/DIRECTOR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ROC ARNETT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DENNY BARNEY | DIRECTOR (UNTIL 10/24) Trustee or director | 1 | $0 | $0 | $0 |
| ANGELA CREEDON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DRENA KUSARI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANN MCCARTNEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR MORGAN OLSEN | PRESIDENT Trustee or director, Officer | 1 | $0 | $1,045,194 | $56,702 |
| LISA LOO | DIRECTOR Trustee or director | 1 | $0 | $595,863 | $39,713 |
| DR KYLE SQUIRES | DIRECTOR Trustee or director | 1 | $0 | $496,576 | $28,297 |
| ANJALI HALABE | SECRETARY/TREASURER Officer | 1 | $0 | $404,510 | $24,735 |
| ROC ARNETT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DENNY BARNEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DRENA KUSARI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN LEWIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANN MCCARTNEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6720 N SCOTTSDALE RD STE 250, SCOTTSDALE, AZ 85253-4468
- Principal officer (990 for 2024)
- DR MORGAN OLSEN, 300 E UNIVERSITY DR, TEMPE, AZ 85284
- Signed the 990
- ANJALI HALABE, SECRETARY/TREASURER
- Phone
- (480) 905-0770
- Website
- ASURESEARCHPARK.COM
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO ACQUIRE INTERESTS IN REAL PROPERTY, DEVELOP SUCH PROPERTY AS A RESEARCH PARK, AND PROMOTE AND SUPPORT RESEARCH ACTIVITIES IN COORDINATION WITH ARIZONA STATE UNIVERSITY.
Program accomplishments
- THE RESEARCH PARK HAS 28 GROUND LEASES IN EFFECT, WITH A TOTAL OF 26 COMPLETED BUILDINGS. THE PARK HOUSES TENANTS ORIENTED TO EDUCATION, RESEARCH, AND MISCELLANEOUS OTHER BUSINESS ENDEAVORS.THE PARK IS 96% LEASED, WITH 5 ACRES REMAINING AVAILABLE FOR LEASE. REVENUES FROM THE RESEARCH PARK ARE USED BY ASU TO SUPPORT THAT INSTITUITION'S VARIOUS ACTIVITIES, INCLUDING RESEARCH.Expenses $8,345,596 · grants $150,000 · revenue $14,336,490
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 86-0488828
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1987
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B43I)
- Assets (IRS master file)
- $85,894,079
- Income (IRS master file)
- $14,528,109
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $14,528,109 | $8,559,664 | $85,894,079 | XML |
| 990 | June 2024 | $14,466,903 | $8,214,454 | $79,315,571 | XML |
| 990 | June 2023 | $14,247,808 | $7,405,377 | $74,364,914 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-0488828).
Questions about ARIZONA STATE UNIVERSITY RESEARCH PARK INC
- What is the EIN of ARIZONA STATE UNIVERSITY RESEARCH PARK INC?
- The employer identification number (EIN) of ARIZONA STATE UNIVERSITY RESEARCH PARK INC is 86-0488828.
- Is ARIZONA STATE UNIVERSITY RESEARCH PARK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to ARIZONA STATE UNIVERSITY RESEARCH PARK INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does ARIZONA STATE UNIVERSITY RESEARCH PARK INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ARIZONA STATE UNIVERSITY RESEARCH PARK INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ARIZONA STATE UNIVERSITY RESEARCH PARK INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ARIZONA STATE UNIVERSITY RESEARCH PARK INC?
- The 990 for the year ended June 30, 2025 names DR MORGAN OLSEN.
- Who are the officers and directors of ARIZONA STATE UNIVERSITY RESEARCH PARK INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does ARIZONA STATE UNIVERSITY RESEARCH PARK INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $14,528,109, expenses of $8,559,664 and total assets of $85,894,079 at year end.
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