Arizona · Nonprofit
ASU ENTERPRISE PARTNERS
ASU ENTERPRISE PARTNERS (Arizona) receives grants from 2 organizations whose IRS filings report $637,690 to it, the largest being FOUNDATION FOR FOOD AND AGRICULTURE RESEARCH ($450,000). 0 of them have funded it in more than one year.
- Revenue FY2025
- $26M
- Funders on record
- 2
- Grants received
- $638k
- Net assets
- $273M
What Asu Enterprise Partners does
Mission
See schedule oorganization's missionAsu Enterprise Partners 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.
As stated on its FY2025 Form 990.
Programs
See schedule oasuep through its subsidiary university realty aims to advance asu by accepting and monetizing commercial office, retail, and multifamily buildings. Additionally, they take advantage of opportunities to invest, acquire, and dispose of real estate at logical points in real estate cycles. Building design, construction, and financing of office, industrial, and multi-family projects. Currently, the organization holds $44.8 million in land and building investments. University realty oversees projects nationwide, from skysong in scottsdale, to brickyard in tempe, to the washington center in the heart of the district of columbia, to the herald examiner building in los angeles.
$4,747,594 spentof which $25 as grants$3,602,541 earned by the program31% of program spendingSee 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.
$1,471,596 spentof which $8,000 as grants$1,401,126 earned by the program10% of program spendingSee 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.
$9,058,091 spentof which $6,989,756 as grants$2,154,180 earned by the program59% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $15,277,281.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2018 to 2019, from $172M to $258M (+49%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
57% of ASU ENTERPRISE PARTNERS’s revenue is contributions — more donation-reliant than the typical peer (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Augustine Cheng
Managing director & CEO (si)
Board chair
John Graham
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
Left out of every figure on this page: $47M from 4 payers (the payer shares this organization's board, largest Arizona State University Foundation for a New American University). These are real filings, and they are not money ASU ENTERPRISE PARTNERS raised.
From the IRS filings of ASU ENTERPRISE PARTNERS’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
ASU ENTERPRISE PARTNERS leans on a few funders — its largest provides 71% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund ASU ENTERPRISE PARTNERS.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
ASU ENTERPRISE PARTNERS draws 71% of its grant income from funders outside Arizona, across 2 states in all.
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
ASU ENTERPRISE PARTNERS's revenue fell 36% between 2017 and 2025.
this organization peer median middle 50% of peers· 3,758 education nonprofits $10M–$100M, FY2025
Organizations like ASU ENTERPRISE PARTNERS
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Arizona
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
60% of spending goes to programs.
Governance
Public support
39%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 34 related entities
- Attainment Intermediate Holdings LLC · disregarded
- Skysong Innovations LLC · disregarded
- Asuep Holdings LLC · disregarded
- University Realty LLC · disregarded
- Studio 5c LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for ASU ENTERPRISE PARTNERS: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds ASU ENTERPRISE PARTNERS?
- ASU ENTERPRISE PARTNERS (Arizona) receives grants from 2 organizations whose IRS filings report $637,690 to it, the largest being FOUNDATION FOR FOOD AND AGRICULTURE RESEARCH ($450,000). 0 of them have funded it in more than one year.
- How many funders does ASU ENTERPRISE PARTNERS have?
- IRS filings report 2 organizations giving $637,690 in grants to ASU ENTERPRISE PARTNERS.
- Who is the largest funder of ASU ENTERPRISE PARTNERS?
- FOUNDATION FOR FOOD AND AGRICULTURE RESEARCH is the largest funder on record, with $450,000 in grants. The full list of funders is on this page.
- How can an organization like ASU ENTERPRISE PARTNERS find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Arizona. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing