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Asu Enterprise Partners

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$17.5M (2023)

Expenses
$35.8M (2023)

Total Assets
$362M (2023)

Total Liabilities
$143M (2023)

Source: Form 990 tax filings from 2017 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,546,517
Expenses
$35,781,750
Net Income
-$18,235,233
Net Assets
$218,895,578
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,334,297
24.7%
Program Services $3,655,351
20.8%
Investment Income $3,784,404
21.6%
Bond Proceeds $0
Royalties $103,565
0.6%
Rental Property Income $245,473
1.4%
Net Fundraising $0
Sales of Assets $7,598
0.0%
Net Inventory Sales $0
Other Revenue $5,415,829
30.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $980,295
2.7%
Professional Fundraising Fees $0
Other Salaries and Wages $4,944,118
13.8%
Assets/Debt
Total Assets $361,760,963
Total Liabilities $142,865,385
Net Assets $218,895,578
Compensation
Key Employees and Officers Compensation Related Other
Daniel Dillon (President And Ceo) $795,656 $0 $70,818
Augustine Cheng (Md & Ceo (Si)) $619,800 $0 $42,273
Jeff Roberts (Managing Director Ur) $370,308 $0 $35,440
Jeff Mindlin (Chief Investment Officer) $359,841 $0 $52,053
Hope Sharett (General Counsel/Corporate Secretary) $296,500 $0 $40,360
Virginia E Desanto (Vice President, Cfo & Treasurer) $295,537 $0 $36,489
Debbie Williams Chief (Operations Officer (Thru 06/2023)) $275,238 $0 $29,845
Kyle Siegal (Svp & Chief Patent Counsel (Si)) $271,842 $0 $41,836
Stephanie Leach (Chief Technology Officer) $251,683 $0 $32,119
Charlie Lewis (Vp Venture Dev. & Physical Sci. (Si)) $247,132 $0 $38,693
Gretchen Buhlig (Director & Ceo (Asuf)) $0 $587,721 $67,010
Steve Betts (Chair (Ur)) $0 $0 $0
Michael Crow (Asu President) $0 $0 $0
Nita Francis (Vice Chair (Ep And Asuf Bod)) $0 $0 $0
John Graham (Director & Chair (Asuf)) $0 $0 $0
Chris Howard (Director) $0 $0 $0
Lisa Loo (Director) $0 $0 $0
Anne Mariucci (Director) $0 $0 $0
Morgan Olsen (Vice Chair (Ic)) $0 $0 $0
William Post (Chair (Thru 05/2023)) $0 $0 $0

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Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,987,399
Expenses
$29,543,399
Net Income
-$5,556,000
Net Assets
$205,942,964
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,357,054
22.3%
Program Services $2,377,886
9.9%
Investment Income $7,538,424
31.4%
Bond Proceeds $0
Royalties $134,902
0.6%
Rental Property Income $240,478
1.0%
Net Fundraising $0
Sales of Assets $3,663,840
15.3%
Net Inventory Sales $0
Other Revenue $4,674,815
19.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $164,780
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $4,130,374
14.0%
Assets/Debt
Total Assets $381,094,670
Total Liabilities $175,151,706
Net Assets $205,942,964
Compensation
Key Employees and Officers Compensation Related Other
Daniel Dillon (President And Ceo) $761,014 $0 $69,086
Augustine Cheng (Md & Ceo (Si)) $603,900 $0 $39,590
Jeff Mindlin (Chief Investment Officer) $299,390 $0 $45,839
Jeff Roberts (Managing Director Ur) $295,986 $0 $34,278
Virginia Desanto (Vice President, Cfo & Treasurer) $280,300 $0 $34,890
Hope Sharett (General Counsel/Corporate Secretary) $260,814 $0 $37,776
Kyle Siegal (Svp & Chief Patent Counsel (Si)) $251,281 $0 $42,579
Debbie Williams (Chief Operations Officer) $240,776 $0 $26,082
Stephanie Leach (Chief Technology Officer) $235,002 $0 $30,684
Charlie Lewis (Vp Venture Dev. & Physical Sci. (Si)) $232,242 $0 $32,061
Mitchell Levin Thru 011521 (Ceo & Managing Director (Ur)) $142,599 $0 $4,154
Gretchen Buhlig (Director & Ceo (Asuf)) $0 $536,545 $62,027
Steve Betts (Chair (Ur)) $0 $0 $0
Jose Cardenas (Director (To 5/24/22)) $0 $0 $0
Michael Crow (Asu President) $0 $0 $0
Nita Francis (Vice Chair (Ep And Asuf Bod)) $0 $0 $0
John Graham (Director & Chair (Asuf)) $0 $0 $0
Chris Howard (Director) $0 $0 $0
Lisa Loo (Director) $0 $0 $0
Anne Mariucci (Director) $0 $0 $0
Jim O'brien (Director (To 5/24/22)) $0 $0 $0
Morgan Olsen (Vice Chair (Ic)) $0 $0 $0
William Post (Chair) $0 $0 $0

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Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,594,627
Expenses
$18,538,133
Net Income
$10,056,494
Net Assets
$136,012,494
Notable Sources of Revenue Percent of Total Revenue
Contributions $13,416,747
46.9%
Program Services $3,963,907
13.9%
Investment Income $5,863,881
20.5%
Bond Proceeds $0
Royalties $132,332
0.5%
Rental Property Income $178,502
0.6%
Net Fundraising $0
Sales of Assets -$594,149
Net Inventory Sales $0
Other Revenue $5,633,407
19.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $200,941
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,842,183
15.3%
Assets/Debt
Total Assets $301,976,784
Total Liabilities $165,964,290
Net Assets $136,012,494
Compensation
Key Employees and Officers Compensation Related Other
Augustine Cheng (Ceo & Md (Si)) $618,233 $0 $36,238
Daniel Dillon (President And Ceo) $563,463 $0 $66,147
Mitchell Levin Thru 011521 (Ceo & Managing Director) $516,336 $0 $64,797
Virginia Desanto (Vp/Treasurer/Cfo) $338,015 $0 $35,951
Jeffrey Mindlin (Vp Of Investments) $320,199 $0 $45,698
Debbie Williams (Vp Of Communications) $262,914 $0 $28,213
Hope Sharett (Secretary/General Counsel) $248,742 $0 $42,379
Kyle Siegal (Svp & Chief Patent Counsel) $238,815 $0 $43,247
Kenneth Polasko (Executive Vp Physical Sciences) $233,333 $0 $19,499
Charlie Lewis (Senior Vp Of Venture Development) $229,518 $0 $36,530
Marcel Valenta (Former Officer (Thru 05/01/20)) $220,310 $0 $19,638
Rick Shangraw (Former President/Ceo (Thru 01/03/21)) $132,897 $0 $4,296
William Post (Chair) $0 $0 $0
Jaunita Francis (Vice Chair) $0 $0 $0
Morgan Olsen (Director) $0 $0 $0
Jose Cardenas (Director) $0 $0 $0
John W Graham (Director) $0 $0 $0
Jay Heiler (Director (Thru 04/30/21)) $0 $0 $0
Anne Mariucci (Director) $0 $0 $0
Harry Papp (Director (Thru 04/30/21)) $0 $0 $0
Greg Vogel (Director (Thru 04/30/21)) $0 $0 $0
Keith Wirtz (Director (Thru 04/30/21)) $0 $0 $0
Tony Corey (Director (Thru 04/30/21)) $0 $0 $0
Steve Evans (Director (Thru 04/30/21)) $0 $0 $0
Bob Johnson (Director (Thru 04/30/21)) $0 $0 $0

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Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$52,615,559
Expenses
$20,346,572
Net Income
$32,268,987
Net Assets
$103,303,314
Notable Sources of Revenue Percent of Total Revenue
Contributions $39,368,050
74.8%
Program Services $3,414,351
6.5%
Investment Income $6,287,313
11.9%
Bond Proceeds $0
Royalties $74,297
0.1%
Rental Property Income $217,456
0.4%
Net Fundraising $0
Sales of Assets -$67,206
Net Inventory Sales $0
Other Revenue $3,321,298
6.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $191,336
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $3,196,677
15.7%
Assets/Debt
Total Assets $278,595,963
Total Liabilities $175,292,649
Net Assets $103,303,314
Compensation
Key Employees and Officers Compensation Related Other
Rf Shangraw Jr (President/Ceo To 1/3/20) $729,465 $0 $72,267
Augustine Cheng (Ceo & Md (Si)) $615,221 $0 $41,367
Mitchell Levin (Managing Director) $397,982 $0 $68,075
Marcel Valenta (Secretary To 10/2/19) $339,506 $0 $49,605
Jeffrey Mindlin (Vp Of Investments) $302,485 $0 $51,741
Virginia Desanto (Vp/Treasurer/Cfo) $270,232 $0 $39,600
Kenneth Polasko (Evp Physical Sciences) $250,834 $0 $39,059
Melissa Kwilosz (Svp Of Venture Development) $221,873 $0 $45,624
Kenneth Lewis (Chief Information Officer) $220,062 $0 $43,633
John Skinner (Vp / Chief Of Staff) $218,568 $0 $18,132
Hope Sharett (Secretary/General Counsel) $41,906 $0 $7,159
William Post (Chair) $0 $0 $0
Jaunita Francis (Vice Chair) $0 $0 $0
Daniel Dillon (Director/Ceo From 1/3/20) $0 $0 $0
Morgan Olsen (Director) $0 $0 $0
Jose Cardenas (Director) $0 $0 $0
John W Graham (Director) $0 $0 $0
Jay Heiler (Director) $0 $0 $0
Anne Mariucci (Director) $0 $0 $0
Harry Papp (Director) $0 $0 $0
Greg Vogel (Director) $0 $0 $0
Keith Wirtz (Director) $0 $0 $0
Tony Corey (Director) $0 $0 $0
Steve Evans (Director) $0 $0 $0
Ira R Fulton (Director To 02/2020) $0 $0 $0

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Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$65,695,653
Expenses
$25,705,954
Net Income
$39,989,699
Net Assets
$109,664,392
Notable Sources of Revenue Percent of Total Revenue
Contributions $30,126,309
45.9%
Program Services $3,978,514
6.1%
Investment Income $11,733,059
17.9%
Bond Proceeds $0
Royalties $101,275
0.2%
Rental Property Income $221,647
0.3%
Net Fundraising $0
Sales of Assets $2,128,144
3.2%
Net Inventory Sales $0
Other Revenue $17,406,705
26.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $349,109
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,963,777
11.5%
Assets/Debt
Total Assets $257,556,147
Total Liabilities $147,891,755
Net Assets $109,664,392
Compensation
Key Employees and Officers Compensation Related Other
Rf Shangraw Jr (Ceo/Director, Ep) $677,224 $0 $75,426
Augustine Cheng (Ceo, Si) $604,608 $0 $49,116
Mitchell R Levin (Ceo, Ur) $341,384 $0 $41,681
Marcel Valenta (Secretary) $299,433 $0 $50,573
Jeffrey Mindlin (Vp Of Investments) $297,749 $0 $49,697
Virginia Desanto (Cfo And Treasurer/Director) $256,672 $0 $45,338
Kenneth Polasko (Exec. Vp Phys. Sciences Si) $250,208 $0 $51,594
Kenneth Lewis (Sr. Vp Venture Devt. Si) $220,096 $0 $47,231
Melissa Kwilosz (Chief Information Officer) $215,398 $0 $46,958
John Skinner (Vp/Chief Of Staff) $207,116 $0 $17,105
William Post (Chair) $0 $0 $0
Juanita Francis (Vice Chair) $0 $0 $0
Stephen O Evans (Director) $0 $0 $0
Michael Crow (Director) $0 $0 $0
Morgan Olsen (Director) $0 $0 $0
Jose Cardenas (Director) $0 $0 $0
Anne L Mariucci (Director) $0 $0 $0
Gary L Trujillo (Director) $0 $0 $0
Harry Papp (Director) $0 $0 $0
Ira A Fulton (Director) $0 $0 $0
Jay Heiler (Director) $0 $0 $0
John W Graham (Director) $0 $0 $0
Keith Wirtz (Director) $0 $0 $0
Robert Johnson (Director) $0 $0 $0
Scott Wald (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,292,673
Expenses
$17,019,928
Net Income
$12,272,745
Net Assets
$51,873,947
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,239,000
4.2%
Program Services $4,511,752
15.4%
Investment Income $6,792,919
23.2%
Bond Proceeds $0
Royalties $112,855
0.4%
Rental Property Income $215,615
0.7%
Net Fundraising $0
Sales of Assets $53,403
0.2%
Net Inventory Sales $0
Other Revenue $16,367,129
55.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $470,470
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,335,746
7.8%
Assets/Debt
Total Assets $172,397,693
Total Liabilities $120,523,746
Net Assets $51,873,947
Compensation
Key Employees and Officers Compensation Related Other
Augustine Cheng (Ceo, Si) $613,148 $0 $38,511
Rf Shangraw Jr (Ceo/Director, Ep) $568,264 $0 $74,488
Mitchell R Levin (Ceo, Ur) $289,998 $0 $41,183
Marcel Valenta (Secretary) $274,657 $0 $48,771
Kenneth Polasko (Exec. Vp Phys. Sciences Si) $270,133 $0 $47,349
George Hardy (Vp Assets Ur Through 12/1/17) $249,835 $0 $48,710
Virginia De Santo (Cfo And Treasurer/Director) $247,986 $0 $47,626
Kenneth Lewis (Sr. Vp Venture Devt. Si) $230,131 $0 $46,479
John Skinner (Vp/Chief Of Staff) $203,043 $0 $13,065
William Post (Chair) $0 $0 $0
Juanita Francis (Vice Chair) $0 $0 $0
Stephen O Evans (Director) $0 $0 $0
Michael Crow (Director) $0 $0 $0
Morgan Olsen (Director) $0 $0 $0
Jose Cardenas (Director) $0 $0 $0
Anne L Mariucci (Director) $0 $0 $0
Gary L Trujillo (Director) $0 $0 $0
Harry Papp (Director) $0 $0 $0
Ira A Fulton (Director) $0 $0 $0
Jay Heiler (Director) $0 $0 $0
John W Graham (Director) $0 $0 $0
Keith Wirtz (Director) $0 $0 $0
Robert Johnson (Director) $0 $0 $0
Scott Wald (Director) $0 $0 $0
Gregory Vogel (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$40,941,324
Expenses
$25,360,405
Net Income
$15,580,919
Net Assets
$71,890,175
Notable Sources of Revenue Percent of Total Revenue
Contributions $21,360,402
52.2%
Program Services $2,796,890
6.8%
Investment Income $993,719
2.4%
Bond Proceeds $0
Royalties $115,784
0.3%
Rental Property Income $208,670
0.5%
Net Fundraising $0
Sales of Assets -$8,167
Net Inventory Sales $0
Other Revenue $15,474,026
37.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $998,610
3.9%
Professional Fundraising Fees $62,230
0.2%
Other Salaries and Wages $7,134,533
28.1%
Assets/Debt
Total Assets $193,940,955
Total Liabilities $122,050,780
Net Assets $71,890,175
Compensation
Key Employees and Officers Compensation Related Other
Rf Shangraw Jr (Ceo/Director) $305,967 $213,369 $78,306
Kenneth Polasko (Exec Vp Phys Sciences, Azte) $275,259 $0 $44,234
Mitchell R Levin (Ceo & Managing Director, Ur) $263,703 $0 $47,388
Augustine Cheng (Managing Director Azte) $240,048 $366,302 $36,369
George Hardy (Vp Assets, Ur) $235,707 $0 $46,514
Kenneth Lewis (Sr Vp Of Venture Devt, Azte) $231,457 $0 $43,413
John Skinner (Vp/Chief Of Staff) $186,058 $0 $15,607
Marcel Valenta (Secretary) $122,126 $119,945 $43,954
Virginia De Santo (Cfo And Treasurer/Director) $118,307 $114,913 $39,357
William Post (Chair) $0 $0 $0
Juanita Francis (Vice Chair) $0 $0 $0
Stephen O Evans (Director) $0 $0 $0
Wayne S Doran (Director Through 5/25/2017) $0 $0 $0
Michael Crow (Director) $0 $0 $0
Morgan Olsen (Director) $0 $0 $0
Jose Cardenas (Director) $0 $0 $0
Angela Yin Cesal (Director Through 5/25/2017) $0 $0 $0
Anne L Mariucci (Director) $0 $0 $0
Gary L Trujillo (Director) $0 $0 $0
Gregory Vogel (Director) $0 $0 $0
Harry Papp (Director) $0 $0 $0
Ira A Fulton (Director) $0 $0 $0
Jay Heiler (Director) $0 $0 $0
John W Graham (Director) $0 $0 $0
Keith Wirtz (Director) $0 $0 $0

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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