Arizona State University Research Park
Arizona State University Research Park reported $14.5 million in revenue and $8.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $97.50 went to program services, $2.50 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 98.7% of the total. The highest compensation it reported for one person was $1,167,038 (PRESIDENT/DIRECTOR). Revenue rose 28% 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 $8.6MFor 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 $15MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 97.5% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 2.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 98.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,167,038 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 13.63% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 96.9 | 13.3 |
| Independent voting board members Part VI 1a–1b | 5 of 8 | 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 expenseThe 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
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 |
|---|---|---|---|---|
| PRESIDENT/DIRECTOR Director/trustee, officer, 1.00 hrs/week | $0 | $1,104,247 | $62,791 | $1,167,038 |
| DIRECTOR Director/trustee, 1.00 hrs/week | $0 | $613,907 | $41,135 | $655,042 |
| DIRECTOR Director/trustee, 1.00 hrs/week | $0 | $589,306 | $29,347 | $618,653 |
| SECRETARY/TREASURER Officer, 1.00 hrs/week | $0 | $411,810 | $25,867 | $437,677 |
0 people received more than $100,000 in reportable compensation from Arizona State University Research Park (Part VII, line 2).
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–1b8 · 5 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 15aNo
- 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 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 65
Correct a figure or respond
Every number above is copied from Arizona State University Research Park's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Arizona State University Research Park, you can publish a response that is linked from this page.
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Of every $100 Arizona State University Research Park spent in FY2025, $97.50 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Arizona State University Research Park's spending goes to programs?
In the fiscal year ending June 30, 2025, Arizona State University Research Park reported that 97.5% of its $8.6 million in expenses went to program services, 2.5% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Arizona State University Research Park pay its top executive?
The largest total compensation Arizona State University Research Park reported for one person in the fiscal year ending June 30, 2025 was $1,167,038, for the role of PRESIDENT/DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Arizona State University Research Park get its money?
Of $14.5 million in revenue in the fiscal year ending June 30, 2025, 0.0% came from contributions and grants and 98.7% from program service revenue (Form 990, Part VIII).
Is Arizona State University Research Park a registered charity?
The IRS lists EIN 86-0488828 as a 501(c)(3) organization (supporting organization (509(a)(3))), 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 202630629349300743 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202423589349301002 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202343109349303129 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202202879349301225 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202210199349300906 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202003099349302445 · read the filing
All filings for EIN 86-0488828: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.