Financials

CONSOLIDATED STATEMENT OF ACTIVITIES (FROM CORE BUSINESSES)

YEAR ENDED DECEMBER 31, 2014

REVENUES
Research park operations
$18,086,000

Government, corporate & individual grants
2,632,000

Incubator operations
1,569,000

Other revenues
1,719,000

Total Revenues
$24,006,000

EXPENSES
Research park operations
$12,058,000

Program costs
4,415,000

Supporting services
3,949,000

Total Expenses
$20,422,000

Increase in net assets from operations before non-cash
charges and other non-operating activities
$3,584,000

The information above was extracted from the University City Science Center and Subsidiary December 31, 2014 audited financial statements prepared by EisnerAmper LLP, which are available upon request.

SOURCE OF REVENUE
    $24,006,000
    PROGRAM COSTS
      $4,415,000

      5-Year Program Cost Comparison

      (2010–2014)

      • $2,000,000
      • $1,750,000
      • $1,500,000
      • $1,250,000
      • $1,000,000
      • $750,000
      • $500,000
      • $250,000
      • $ -
      2010
      2011
      2012
      2013
      2014









      • Market Street Revitalization
      • Port business incubator
      • QED
      • Quorum
      • FirstHand
      • Keystone Innovation Zone
      • Other Programs

      Thanks to the support of the generous donors listed below, the Science Center is advancing Greater Philadelphia’s innovation ecosystem through programs and initiatives that foster and grow discovery and entrepreneurship.


      PROGRAM SUPPORT

      • BLACKSTONE LAUNCHPAD
      • Blackstone Charitable Foundation
      • FIRSTHAND
      • Cognizant “Making the Future”
      • The Dow Chemical Company
      • The Lenfest Foundation
      • Lockheed Martin
      • OHAUS Corporation
      • Rainin Instruments LLC
      • Startup PHL Call for Ideas, a joint initiative
        between PIDC and the City of Philadelphia
        Department of Commerce
      • Thermo Fisher Scientific
      • Wexford Science & Technology, LLC,
        A BioMed Realty Company
      • GALLERY AND PUBLIC ART PROGRAMS
      • Pennsylvania Council on the Arts, a State Agency
      • Philadelphia Cultural Fund
      • Philadelphia Redevelopment Authority
      • The Provincial Foundation as directed by
        the Klein and Mannes families
      • Wexford Science & Technology, LLC,
        A BioMed Realty Company
      • PHASE 1 VENTURES
      • U.S. Economic Development Administration
      • PORT BUSINESS INCUBATOR AND ECONOMIC DEVELOPMENT INITIATIVES
      • Bank of America
      • EisnerAmper LLP
      • Fox Chase Bank Charitable Foundation
      • JPMorgan Chase Foundation
      • Pennsylvania Department of Community and
        Economic Development
      • QED PROOF-OF-CONCEPT PROGRAM
      • Pennsylvania Department of Health
      • PIDC
      • QUORUM and the UNIVERSITY CITY KEYSTONE INNOVATION ZONE
      • Kenneth Blank and Donna Murasko
      • Dolfinger-McMahon Foundation
      • Drexel University
      • Fox Rothschild LLP
      • Morgan, Lewis & Bockius LLP
      • Pennsylvania Department of Community and
        Economic Development
      • Thermo Fisher Scientific
      • Thomas Jefferson University
      • TriNet
      • University of Pennsylvania
      • University of the Sciences
      • The Wistar Institute

      INNOVATION PLAZA

      • LEADERSHIP SUPPORT
      • Commonwealth of Pennsylvania,
        Commonwealth Financing Authority
      • University of Pennsylvania
      • Wexford Science & Technology, LLC,
        A BioMed Realty Company
      • INNOVATION PLAZA SUPPORTERS
      • 3624 Science Center Condominium
      • Maxine Ballen
      • Kenneth Blank and Donna Murasko
      • CAI
      • Drexel University
      • Educational Commission for Foreign Medical Graduates
      • International House Philadelphia
      • Philip R. Johnson
      • David and Eunice King
      • William Marrazzo
      • Militia Hill Ventures
      • NBME
      • New Jersey Technology Council
      • NewSpring Capital
      • The PFM Group
      • Phoenix IP Ventures
      • Safeguard Scientifics, Inc.
      • Stephen S. Tang and family
      • Paul and Carol Touhey
      • University Lutheran Church
      • University of the Sciences
      • Tara Weiner
      • INNOVATORS WALK OF FAME AWARD SPONSORS
      • EisnerAmper LLP
      • Fox Chase Bank Charitable Foundation
      • Pennoni Associates Inc.
      • University of Pennsylvania
      • Wexford Science & Technology, LLC,
        A BioMed Realty Company
      As of May 1, 2015