ASU Enterprise Partners
ASU Enterprise Partners reported $26.1 million in revenue and $25.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $59.96 went to program services, $39.09 to management and general costs and $0.95 to fundraising. Its largest source of revenue was contributions and grants: 56.7% of the total. The highest compensation it reported for one person was $647,650 (MANAGING DIRECTOR & CEO (SI)). 54 people received more than $100,000 in reportable compensation. Revenue fell 50% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $25MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $26MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 60.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 39.1% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.9% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 56.7% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 14.8% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $647,650 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.54% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 54 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 128.6 | 13.3 |
| Independent voting board members Part VI 1a–1b | 8 of 9 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseSee schedule oasuep through its subsidiary university realty aims to advance asu by accepting and monetizing commercial office, retail, and multifamily buildings. Additionally, they take advantage of opportunities to invest, acquire, and dispose of real estate at logical points in real estate cycles. Building design, construction, and financing of office, industrial, and multi-family projects. Currently, the organization holds $44.8 million in land and building investments. University realty oversees projects nationwide, from skysong in scottsdale, to brickyard in tempe, to the washington…
See schedule oskysong innovations, llc is an arizona limited liability company and wholly owned subsidiary of asuep which, solely for tax purposes, makes it a disregarded entity of asuep. Skysong works with asu faculty, postdocs, and students to translate their research innovations intocommercial applications. To date, more than 260 startups have been launched based on asu innovations, attracting more than $1.5 billion in funding from outside investors, generating substantial local economic mpact. The national academy of inventors and the intellectual property wners association now ranks asu…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| MANAGING DIRECTOR & CEO (SI) Key employee, 50.00 hrs/week | $595,793 | $0 | $51,857 | $647,650 |
| CHIEF INVEST. OFFICER/MANAGING DIR. UR Key employee, 40.00 hrs/week | $383,722 | $0 | $61,369 | $445,091 |
| CHIEF ENTERPRISE PARTNERS OFFICER Director/trustee, officer, 40.00 hrs/week | $370,713 | $0 | $47,483 | $418,196 |
| MANAGING DIR. UR (THRU 1/25) Key employee, 50.00 hrs/week | $347,460 | $0 | $48,020 | $395,480 |
| ED & CHIEF PATENT COUNSEL Highest compensated employee, 40.00 hrs/week | $328,679 | $0 | $60,569 | $389,248 |
| VP, CFO & TREASURER Officer, 38.00 hrs/week | $295,939 | $0 | $44,812 | $340,751 |
| VP VENTURE DEV. & PHYS SCI. (SI) Highest compensated employee, 40.00 hrs/week | $256,167 | $0 | $45,936 | $302,103 |
| MANAGING DIR. REALM SPARK Highest compensated employee, 40.00 hrs/week | $229,533 | $0 | $34,189 | $263,722 |
54 people received more than $100,000 in reportable compensation from ASU Enterprise Partners (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.1M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b9 · 8 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5178
- Volunteers Part I, line 69
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| WORKDAY INC Software services | $1,436,707 |
| POLSINELLI PC Si patent prosecution | $989,222 |
| SALESFORCECOM INC Software services | $738,115 |
| BOOTH UDALL FULLER PLC Si patent prosecution | $641,529 |
Individuals listed as contractors are left out. 27 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from ASU Enterprise Partners's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for ASU Enterprise Partners, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 ASU Enterprise Partners spent in FY2025, $59.96 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Mastery Charter School - Gratz CampusPhiladelphia, PA · revenue $26M · programs 86.7% · FY2025
- Hmong American Peace Academy LtdMilwaukee, WI · revenue $26M · programs 87.6% · FY2025
- Christian Unified Schools of San DiegoEl Cajon, CA · revenue $26M · programs 84.9% · FY2025
- Foxcroft SchoolMiddleburg, VA · revenue $26M · programs 72.8% · FY2025
- Array EducationNew York, NY · revenue $26M · programs 92.4% · FY2025
Questions people ask
How much of ASU Enterprise Partners's spending goes to programs?
In the fiscal year ending June 30, 2025, ASU Enterprise Partners reported that 60.0% of its $25.5 million in expenses went to program services, 39.1% to management and general and 0.9% to fundraising (Form 990, Part IX).
How much does ASU Enterprise Partners pay its top executive?
The largest total compensation ASU Enterprise Partners reported for one person in the fiscal year ending June 30, 2025 was $647,650, for the role of MANAGING DIRECTOR & CEO (SI) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does ASU Enterprise Partners get its money?
Of $26.1 million in revenue in the fiscal year ending June 30, 2025, 56.7% came from contributions and grants and 14.8% from program service revenue (Form 990, Part VIII).
Is ASU Enterprise Partners a registered charity?
The IRS lists EIN 47-5599177 as a 501(c)(3) organization (organization operated for a governmental college or university), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202600799349301450 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202520739349301867 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202410889349301906 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311109349300116 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202143279349300024 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202013219349323201 · read the filing
All filings for EIN 47-5599177: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.