Campus Research Corporation

Nonprofit profile at a glance

EIN
860779656
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Tucson, AZ, USA
Phone
5203822480
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
University or Technological Institute

Reported finances

Revenue
$31,288,527
Expenses
$27,964,914
Assets
$46,670,793
Liabilities
$11,431,676

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • CAROL STEWART (PRESIDENT)

Highest reported compensation

  • ELLIOT CHEU (DIRECTOR): $503,455 total reported compensation
  • CAROL STEWART (PRESIDENT): $390,729 total reported compensation
  • RYAN GOODELL (DIRECTOR): $355,928 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Campus research corporation operates solely to assist the Arizona board of regents, a body corporate and an agency of the state of Arizona, to enhance and further the educational and research mission of the university of Arizona.

What it reported doing in 2024

Campus research corporation was formed in 1994 to assist the Arizona board of regents in the marketing, leasing, development, improvement and operation of the university of Arizona science and technology park located in the tucson, Arizona metropolitan area. In addition to using a portion of the park as an educational facility for students and faculty of the university, the corporation leases portions to private industry and governmental agencies. The park provides a campus where industry and the university can participate in activities that promote and support education, research and economic development of the region. The park also provides a mechanism to promote the development and integration of technological results from research into private corporate programs. Located in one of Arizona's fast-growing suburban settings on tucson's southeast side, the park's spacious campus encompasses 1,267 acres and has 2 million square feet of space for tech offices, r&d and laboratory facilities. The tech park also developed a solar research facility spanning approximately 223 acres. The tech park is being further developed with potential projects that include a hotel, daycare center, retail and residential developments to support tech park occupants.

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 74
  • Accountability: 83
  • Sustainability: 60
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83%; rating input score 83
  • Program expense ratio: 93.2%; rating input score 93
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 71.4%; rating input score 71; 12th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 10.6%; rating input score 69; 69th percentile among comparable filings
  • Total-asset coverage ratio: 1.67; rating input score 55; 55th percentile among comparable filings
  • Liabilities to assets ratio: 0.24; rating input score 53; 53rd percentile among comparable filings
  • Officer compensation ratio: 5.6%; rating input score 46; 46th percentile among comparable filings

Growth

  • Program expense growth: 7.2% per year; rating input score 100; 57th percentile among comparable filings
  • Revenue growth: 3.8% per year; rating input score 100; 33rd percentile among comparable filings
  • Asset growth: 3.3% per year; rating input score 100; 25th percentile among comparable filings

Details

  • Where the money goes: 83% of revenue deployed · 93.2% of spending went to programs
  • Governance: 5 of 7 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $26.1M in reported program spending
  • Leadership: top reported pay $503K · 17 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $11.1M reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Sustainability: Total-asset coverage ratio scored 55/100.
  • Moderate — Sustainability: Officer compensation ratio scored 46/100.
  • Review — Sustainability: Liabilities to assets ratio scored 53/100.