ABOUT
Financials

Consolidated statement of activities (from core businesses) year ended December 31, 2016

REVENUES
Research park operations
$16,427,000
Government, corporate & individual grants
$2,040,000
Incubator operations
$1,569,000
Other revenues
$803,000
Total revenues
$20,839,000
EXPENSES
Research park operations
$11,203,000
Program costs
$4,863,000
Supporting services
$5,057,000
Total Expenses
$21,123,000
Decrease in net assets from operations before non-cash charges and other non-operating activities
($284,000)

SOURCES OF REVENUE

Research park operations
Government, corporate & individual grants
Incubator operations
Other revenues
$20,839,000

PROGRAM COSTS

Port Business Incubator
Phase 1 Ventures
Digital Health Accelerator
Keystone Innovation Zone
Quorum
QED
FirstHand
Other Program Costs
$4,863,000

The information above was extracted from the University City Science Center and Subsidiaries December 31, 2016 audited financial statements prepared by EisnerAmper LLP, which are available upon request.

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