Asu Enterprise Partners
Only 60% goes to programs $2 to raise $100 Strong reserves
Asu Enterprise Partners is a 501(c)(3) organization based in Tempe, Arizona, registered in 2016, with $26,141,383 in FY2024 revenue. CharityIndex grades it B+, and it directs about 60% of spending to programs.
Po Box 2260attn Payroll Benefits, Tempe, AZ, 85281 EIN 47-5599177 Since 2016
Revenue (FY2024)
$26.1M
▲ 85.0% vs prior year
Education median: $200K
Expenses (FY2024)
$25.5M
Net assets
$273.0M
Employees
178
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+Program efficiency40% of the rating60% to programs · $2 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Asu Enterprise Partners: 60% to programs · $2 to raise $100 earns a C+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating129 mo reserves · +3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Asu Enterprise Partners: 129 mo reserves · +3% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Asu Enterprise Partners: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Asu Enterprise Partners: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Organization's missionasu enterprise partners ("asuep") serves as the resource-raising arm of arizona state university. as the parent organization of five nonprofits that are each tasked with identifying new revenue opportunities, asu enterprise partners represents a highly efficient model for diversified revenue generation. through its nonprofits, asu enterprise partners invests in initiatives and partnership opportunities that provide resources to arizona state university.
What they do
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 number 9 worldwide and 5th in the u.s. for us patents granted to universities.
See schedule oasuep manages investment pools and programs that generate revenue through investments in education technology companies and an angel investor membership program to advance asu-affiliated startups.
Contact & location
- Address
- Po Box 2260attn Payroll Benefits, Tempe, AZ, 85281
- City
- Tempe
- State
- Arizona
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $40.9M (FY2016) to $26.1M (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $121.4MNet assets $273.0M
Operating margin
2.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$394.4M
Total liabilities
$121.4M
Net assets
$273.0M
Salaries & benefits
$7.5M
30% of expenses
Board members
9
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $26,141,383▲85.0% | $25,478,371▲5.2% | $272,978,203▲15.8% | $394,391,590▲7.2% | 990 |
| 2023 | $14,131,223▼19.5% | $24,209,129▼32.3% | $235,752,276▲7.7% | $367,975,233▲1.7% | 990 |
| 2022 | $17,546,517▼26.9% | $35,781,750▲21.1% | $218,895,578▲6.3% | $361,760,963▼5.1% | 990 |
| 2021 | $23,987,399▼16.1% | $29,543,399▲59.4% | $205,942,964▲51.4% | $381,094,670▲26.2% | 990 |
| 2020 | $28,594,627▼45.7% | $18,538,133▼8.9% | $136,012,494▲31.7% | $301,976,784▲8.4% | 990 |
| 2019 | $52,615,559▼19.9% | $20,346,572▼20.8% | $103,303,314▼5.8% | $278,595,963▲8.2% | 990 |
| 2018 | $65,695,653▲124% | $25,705,954▲51.0% | $109,664,392▲111% | $257,556,147▲49.4% | 990 |
| 2017 | $29,292,673▼28.5% | $17,019,928▼32.9% | $51,873,947▼27.8% | $172,397,693▼11.1% | 990 |
| 2016 | $40,941,324 | $25,360,405 | $71,890,175 | $193,940,955 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Augustine Cheng — $595,793 (2.34% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Augustine Cheng | Managing Director & Ceo (si) | 50 | $595,793 |
| Jeff Mindlin | Chief Invest. Officer/managing Dir. Ur | 40 | $383,722 |
| Meridith Rentz | Chief Enterprise Partners Officer | 40 | $370,713 |
| Jeff Roberts | Managing Dir. Ur (thru 1/25) | 50 | $347,460 |
| Kyle Siegal | Ed & Chief Patent Counsel | 40 | $328,679 |
| Virginia E Desanto | Vp, Cfo & Treasurer | 38 | $295,939 |
| Charlie Lewis | Vp Venture Dev. & Phys Sci. (si) | 40 | $256,167 |
| Samantha Bradley | Managing Dir. Realm Spark | 40 | $229,533 |
| Gina Miller | Chief People Officer | 40 | $212,713 |
| Erin Barringer-sterner | Chief Data Officer | 40 | $209,005 |
| Daniel Dillon | Former President & Ceo | 38 | $177,026 |
| Mackenzie Woods | General Counsel, Secretary (as of 9/24) | 47 | $65,376 |
| Anne Mariucci | Director | 1 | — |
| Chris Howard | Director | 1 | — |
| John Graham | Chair | 1 | — |
| Juanita Francis | Vice Chair | 1 | — |
| Lisa Loo | Director | 1 | — |
| Michael Crow | Director | 1 | — |
| Morgan Olsen | Director | 1 | — |
| Nicole Colyer | Secretary (thru 8/24) | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| 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 |
| Quarles and Brady LLP | Ep Legal Svs & Si Patent Prosecution | $548,156 |
Grants received · $32.3M total
12 grants to Asu Enterprise Partners totaling $32.3M, reported by foundations on their Schedule I filings.
Grants made · $7.0M in FY2024
3 grants totaling $7.0M in FY2024. All grants made by Asu Enterprise Partners →
| Recipient | Purpose | Amount |
|---|---|---|
| Arizona State University Foundation For A New American University | Program support | $4,306,168 |
| Asu Enterprise Partners Outreach Hub | Program support | $2,595,736 |
| Arizona State University | Program support | $84,823 |
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Frequently asked questions
- Is Asu Enterprise Partners a legitimate nonprofit?
- Yes. Asu Enterprise Partners is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-5599177, based in Tempe, Arizona. Donations are tax-deductible.
- What is Asu Enterprise Partners's EIN?
- Asu Enterprise Partners's Employer Identification Number (EIN) is 47-5599177.
- How much revenue does Asu Enterprise Partners report?
- Asu Enterprise Partners reported $26,141,383 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Asu Enterprise Partners's spending goes to programs?
- Asu Enterprise Partners spends about 60% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Asu Enterprise Partners have?
- CharityIndex grades Asu Enterprise Partners B+, based on program efficiency and fundraising cost.
- How much does Asu Enterprise Partners's highest-paid employee make?
- The highest reported compensation on Asu Enterprise Partners's latest Form 990 is $595,793, paid to Augustine Cheng (Managing Director & Ceo (si)).
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Data for Asu Enterprise Partners (EIN 47-5599177) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.