Financials

CONSOLIDATED STATEMENT OF ACTIVITIES (FROM CORE BUSINESSES)

YEAR ENDED DECEMBER 31, 2013

REVENUES
Research park operations
$17,450,000

Government, corporate & individual grants
1,278,000

Incubator operations
1,368,000

Other revenues
702,000

Total Revenues
$20,798,000

EXPENSES
Research park operations
$11,599,000

Program costs
3,590,000

Supporting services
3,933,000

Total Expenses
$19,122,000

Increase in net assets from operations before non-cash
charges and other non-operating activities
$1,676,000

The information above was extracted from the University City Science Center and subsidiaries’ December 31, 2013, audited financial statements prepared by EisnerAmper LLP, which are available upon request.

SOURCE OF REVENUE
    $20,798,000
    PROGRAM COSTS
      $3,590,000

      5-Year Program Cost Comparison

      (2009–2013)

      • $2,000,000
      • $1,750,000
      • $1,500,000
      • $1,250,000
      • $1,000,000
      • $750,000
      • $500,000
      • $250,000
      • $ -
      • $2,000,000
      • $1,750,000
      • $1,500,000
      • $1,250,000
      • $1,000,000
      • $750,000
      • $500,000
      • $250,000
      • $ -
      2009
      2010
      2011
      2012
      2013


















      • Port business incubator
      • QED
      • Quorum
      • STEAM Initiatives
      • Keystone Innovation Zone
      • Other programs
      • Market Street Revitalization

      Thank you to all of our supporters in 2013-2014. Your generosity and commitment ensure that we can continue to inspire a community of knowledge, spark the spirit of enterprise and help expand and strengthen the region’s technology sector.


      PROGRAM SUPPORTERS

      • ART ALONG THE AVENUE OF TECHNOLOGY
      • Philadelphia Redevelopment Authority
      • Wexford Science + Technology, LLC,
        A BioMed Realty Company
      • THE BLACKSTONE LAUNCHPAD
      • Blackstone Charitable Foundation
      • INNOVATORS WALK OF FAME
      • EisnerAmper LLP
      • Pennoni Associates, Inc.
      • Wexford Science + Technology, LLC,
        A BioMed Realty Company
      • PORT BUSINESS INCUBATOR
      • JPMorgan Chase
      • Pennsylvania Department of Community
        and Economic Development’s Discovered
        and Developed in PA Program
      •  
      •  
      •   
      •  
      • QED PROOF-OF-CONCEPT PROGRAM
      • Drexel University
      • Pennsylvania Department of Health
      • The Pennsylvania State University
      • Philadelphia Industrial Development
        Corporation
      • Rutgers, The State University of New Jersey
      • Temple University
      • University of Delaware
      • U.S. Economic Development Administration
      • QUORUM and the UNIVERSITY CITY
        KEYSTONE INNOVATION ZONE
      • Kenneth J. Blank, Ph.D.
      • Citizens Bank
      • Deloitte LLP
      • Dolfinger-McMahon Foundation
      • Drexel University
      • Fisher Scientific
      • Morgan, Lewis & Bockius LLP
      • Odell Studner
      • ParenteBeard
      • Pennsylvania Department of Community
        and Economic Development
      • Safeguard Scientifics
      • Thomas Jefferson University
      • University of Pennsylvania
      • University of the Sciences
      • The Wistar Institute
      • STEAM INITIATIVES
      • ArtPlace America
      • The Barra Foundation
      • Cognizant Making the Future
      • John S. and James L. Knight Foundation
      • Pennsylvania Council on the Arts,
        a state agency
      • Philadelphia Cultural Fund
      • The Provincial Foundation, recommended
        by the Klein and Mannes families
      • Verizon Foundation
      •  
      •  

       


      50TH ANNIVERSARY CELEBRATION

      • PRESENTING SPONSOR OF
        50TH ANNIVERSARY CELEBRATION
      • University of Pennsylvania
      • ANNIVERSARY RECEPTION SPONSOR
      • Drexel University
      • DESSERT RECEPTION SPONSOR
      • Southern Land Company
      • DIAMOND SPONSORS
      • Connelly Foundation
      • EisnerAmper LLP
      • Temple University
      • INVENTING THE FUTURE SPONSORS
      • AlliedBarton Security Services
      • Aum LifeTech, Inc.
      • The Beneficial Foundation
      • The Children’s Hospital of Philadelphia
      • Cozen O’Connor
      • Educational Commission for Foreign
        Medical Graduates (ECFMG®)
      • Greater Philadelphia Chamber
        of Commerce
      • INTECH Construction
      •  
      • Janssen Biotech, Inc.
      • JPMorgan Chase
      • Carl Kopfinger
      • Korn/Ferry International
      • KPMG LLP
      • Morgan, Lewis & Bockius LLP
      • NBME
      • PECO
      • Pennsylvania Bio
      • Philadelphia Convention & Visitors Bureau
      • Philadelphia University
      • Phoenix IP Ventures
      • PIDC
      • Rowan University
      • Stephen S. Tang and Family
      • TD Bank
      • WHYY
         
      • CELEBRATION FRIENDS
      • Aspire Bariatrics
      • CAI
      • Mr. and Mrs. Christopher Cashman
      • Chubb Group of Insurance Companies
      • Citizens Bank
      • Cushman & Wakefield of Pennsylvania
      • Economy League of Greater Philadelphia
      • First State Innovation
      • HSC Builders & Construction Managers
      • Independence Blue Cross
      • Invisible Sentinel
      • David and Eunice King
      • Limbach Company, LLC
      • Morphotek, Inc.
      • New Jersey Technology Council
      • NewSpring Capital
      • Obermayer, Rebmann, Maxwell
        and Hippel LLP
      • Odell Studner
      • Pennoni Associates, Inc.
      • Pepper Hamilton LLP
      • Replica Creative
      • Ridge Policy Group
      • Safeguard Scientifics, Inc.
      • The Sarian Group
      • State Street Advisors
      • Strada/UJMN
      • Stradley Ronon
      • Thomson Reuters
      • Paul and Carol Touhey
      • Wells Fargo
      • Woodcock Washburn LLP
      As of May 8, 2014