Campus Research Corporation

“Carol stewart, tomas diaz de la rubia, elliott cheu, ryan goodell and stacey lemos are all university of arizona personnel.”

“The board of directors is comprised of nine persons ("directors"). Three directors are appointed by the president of the university of arizona and are referred to as "university members". One director is a current member of the arizona board of regents or a former member of the board of regents who served on the board of regents after january 1, 2004, and is appointed by the president of the arizona board of regents, and is referred to as the "regents' member". Five directors are selected at large. Directors other than university members, the regents' member and the president's member are elected by the incumbent directors at the annual meeting of the board of directors, but directors may be elected to fill vacancies or newly created director positions at any other meeting.”

“The organization provides a draft of form 990 to the audit committee for review. After the audit committee reviews and approves the form, a copy is provided to all members of the board before filing.”

“The organization has a conflict of interest policy in place and each officer and director is required to sign and agree to the policy. The board reviews the policy annually. On an ongoing basis, if a conflict of interest is discovered, the individual is required to notify the organization immediately. Conflicts of interest are handled on a case-by-case basis. The policy covers crc employees and crc board members.”

“The organization's president determines compensation for the organization's executive vp/chief financial officer, chief operating officer, and all other employees. The president of the university of arizona and the university of arizona vice president for the office of research and partnerships determine the compensation for the organization's president. The amount of compensation for the organization's president, executive vp/chief financial officer and all employees is included in the annual operating budget, which is reviewed and approved by the organization's board of directors and the university of arizona/arizona board of regents.”

“The organization makes its governing documents and conflict of interest policy available upon request. A copy of form 990 is provided in place of financial statements if requested.”

“Campus research corporation (crc) had an agreement with a tenant under which the tenant functioned as the managing operator for the tech park through august 2024. As managing operator, the tenant provided certain common area services which consisted of the operation, maintenance and repair of the central utility system, project fire and security services, and the common areas. In september 2024, crc assumed the function of the managing operator. Crc and its major tenants, or those tenants that are renting over 100,000 square feet, are required to pay a monthly amount based on an annual operating budget for these services. A quarterly analysis of central utility and occupant electric expenses is prepared for each building and its occupants, and these costs are reconciled to the budget. Annual common service expenses are also reconciled to the budget. Based on these reconciliations, an additional charge or refund is assessed. As a result of crc assuming the function of the managing operator, there has been a significant increase in operating lease income and operating costs.”