2024-05-01T04:57:07+00:00 2023-06-30 440160260 FORVIS LLP 1201 WALNUT SUITE 1700 KANSAS CITY MO 641062246 990 2022-07-01 262838693 KU Center for Technology Commercialization Inc KUCE 9135885711 3901 RAINBOW BLVD MAILSTOP 1039 KANSAS CITY KS 66160 PAUL TOLER CFO 9135885313 2024-05-01 true DAVID VRANICAR 999009999 true APRIL ARNOLD CPA P01559426 8162216300 2024-05-15 2022 2023-04-26 12:10:37Z DAVID VRANICAR 3901 RAINBOW BLVD MAILSTOP 1039 KANSAS CITY KS 66160 4229102 false X WWW.KUIC.KU.EDU/ X 2008 KS THE MISSION OF KUCTC IS TO MAXIMIZE THE IMPACT OF THE UNIVERSITY INTELLECTUAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY AND SOCIETY. 9 0 6 0 1032980 594825 1187375 246940 2549936 2949182 0 0 944031 1032980 4681342 4229102 0 0 0 0 704294 921383 0 0 0 2567514 2762646 3271808 3684029 1409534 545073 1446684 1570747 227961 717588 1218723 853159 KUCTC IS ORGANIZED TO FACILITATE AND SUPPORT THE RESEARCH AND TECHNOLOGY TRANSFER OPERATIONS OF THE UNIVERSITY OF KANSAS AND ITS AFFILIATED TAX-EXEMPT RESEARCH CORPORATIONS OR OTHER TAX-EXEMPT ORGANIZATIONS QUALIFIED UNDER SECTION 501(C)(3) OF THE IRS CODE. false false 3495416 0 2949182 PROMOTING AND AIDING IN THE FULFILLMENT OF THE SCIENTIFIC RESEARCH, EDUCATIONAL, AND SERVICE FUNCTIONS OF THE UNIVERSITY OF KANSAS MEDICAL CENTER. 3495416 true true false false false false false false false true true false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true true true false true true X 47 0 true 6 true true true false false false false false false false false false false false X 9 0 true false false false false true false true true false false true true true true true true true true true false KS X X PAUL TOLER 9135885313 RAINBOW BLVD MAILSTOP 1039 KANSAS CITY KS 66160 SIMON ATKINSON DIRECTOR/OFFICER 1.0 39.0 X X 0 344755 44884 BARBARA BICHELMEYER DIRECTOR 1.0 39.0 X 0 436168 50558 DAVID VRANICAR DIRECTOR 1.0 39.0 X 0 408138 48232 DOUG GIROD DIRECTOR 1.0 39.0 X 0 944769 124127 JEFF DEWITT TREASURER 1.0 39.0 X 0 338732 38711 MATTHIAS SALATHE DIRECTOR 1.0 39.0 X 0 435188 40186 ROBERT SIMARI SECRETARY 1.0 39.0 X 0 742695 43907 SCOTT WEIR DIRECTOR 1.0 39.0 X 0 340674 45416 TRICIA BERGMAN DIRECTOR 1.0 39.0 X 0 158665 24709 MATTHEW KOENIG DIR.-INTELLECTUAL PROP. MGMT 40.0 0 X 118868 0 21704 LISA HOEBELHEINRICH Former Director 0.0 40.0 X 0 327457 42345 PAUL TOLER Former Officer 0.0 40.0 X 0 181978 38081 118868 4659219 562860 1 true true false FOLEY & LARDNER LLP 111 HUNTINGTON AVE BOSTON MA 02199 LEGAL 294768 MEUNIER CARLIN & CURFMAN LLC 999 Peachtree Street NE Suite 1300 Atlanta GA 30309 LEGAL 109280 2 246940 246940 TECHNOLOGY REVENUE 900099 2949182 2949182 0 0 0 0 2949182 0 0 0 0 PARTNERSHIP INCOME - K-1S 900099 1032980 1032980 0 0 0 0 1032980 4229102 2949182 1032980 0 X 725132 652619 72513 52589 47330 5259 89336 80402 8934 54326 48893 5433 659098 593188 65910 455130 448886 6244 0 190768 171691 19077 10561 9505 1056 1405208 1405208 0 4808 4327 481 4236 3812 424 DUES, MEMBERSHIPS & SUBS 32837 29555 3282 0 0 0 0 3684029 3495416 188613 0 1344022 856027 132 489848 0 0 0 0 16000 16000 0 0 102530 224872 0 0 0 1446684 1570747 227961 425510 0 0 0 292078 227961 717588 X 1218723 853159 0 0 1218723 853159 1446684 1570747 X 545073 122343 -1032980 X false true X true false X X X 2 KU MED CTR 481124839 6 true 0 0 UNIV OF KS 481124839 6 true 0 0 2 0 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16000 16000 0 0 INVESTMENT IN STARTUP VENTURES 224872 C 224872 INTERCOMPANY PAYABLE 292078 292078 X 190296165 122343 186977700 187100043 3196122 1032980 1032980 4229102 179404383 175720354 175720354 3684029 0 0 3684029 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE FOLLOWING WORDING IS THE TEXT OF THE FOOTNOTE IN THE FINANCIAL STATEMENTS. THE FINANCIALS ARE CONSOLIDATED, RI IS UNIVERSITY OF KANSAS MEDICAL CENTER RESEARCH INSTITUTE, INC. WHICH IS THE PARENT OF KU CENTER FOR TECHNOLOGY COMMERCIALIZATION, INC. RI FOLLOWS ACCOUNTING REQUIREMENTS RELATED TO UNCERTAIN TAX POSITIONS. TAX POSITIONS TAKEN MAY INCLUDE POSITIONS THAT RI IS EXEMPT FROM INCOME TAXES OR HOW RI DETERMINES ITS UNRELATED BUSINESS INCOME. UNCERTAIN TAX POSITIONS ARE RECOGNIZED IF IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT THE TAX POSITION WILL BE REALIZED OR SUSTAINED UPON AN EXAMINATION BY THE RELEVANT TAX AUTHORITY. NO AMOUNTS HAVE BEEN RECORDED AT JUNE 30, 2023, AND 2022, WITH RESPECT TO UNCERTAIN TAX POSITIONS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 RELATED ENTITY REVENUE - XXX-XX-XXXX ELIMINATIONS - -320803 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements PARTNERSHIP INCOME FROM K-1S - 1032980 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RELATED ENTITY EXPENSES - XXX-XX-XXXX ELIMINATIONS - -320803 X X false false false false false false false false false SIMON ATKINSON DIRECTOR/OFFICER 0 341040 0 0 0 3715 0 25925 0 18959 0 389639 0 0 LISA HOEBELHEINRICH Former Director 0 323935 0 0 0 3522 0 25925 0 16420 0 369802 0 0 BARBARA BICHELMEYER DIRECTOR 0 423129 0 0 0 13039 0 25925 0 24633 0 486726 0 0 MATTHIAS SALATHE DIRECTOR 0 432343 0 0 0 2845 0 25925 0 14261 0 475374 0 0 ROBERT SIMARI SECRETARY 0 710554 0 0 0 32141 0 25925 0 17982 0 786603 0 0 DAVID VRANICAR DIRECTOR 0 404096 0 0 0 4042 0 25925 0 22307 0 456370 0 0 DOUG GIROD DIRECTOR 0 576845 0 0 0 367924 0 37036 0 87091 0 1068896 0 0 SCOTT WEIR DIRECTOR 0 337143 0 0 0 3532 0 25925 0 19491 0 386090 0 0 JEFF DEWITT TREASURER 0 308087 0 0 0 30645 0 21247 0 17464 0 377442 0 0 TRICIA BERGMAN DIRECTOR 0 157175 0 0 0 1490 0 13495 0 11213 0 183374 0 0 PAUL TOLER Former Officer 0 180693 0 0 0 1285 0 16218 0 21863 0 220059 0 0 Schedule J, Part II ALL DIRECTOR AND OFFICER COMPENSATION WAS PAID FOR BY THE UNIVERSITY OF KANSAS MEDICAL CENTER, A RELATED ORGANIZATION. Form 990, Part V, Line 2a UNIVERSITY OF KANSAS MEDICAL CENTER, A RELATED ORGANIZATION, ISSUES W-2S ON BEHALF OF KU CENTER FOR TECHNOLOGY. Form 990, Part VI, Line 15a & 15B - PROCESS TO ESTABLISH COMPENSATION THE HR DIRECTOR MAINTAINS AND UPDATES SALARY RANGES USING SURVEYS, INDUSTRY PUBLICATIONS AND OTHER SOURCES. THE BOARD ALSO APPROVES THE PAY OF THE EXECUTIVE. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons ALL DIRECTORS AND OFFICERS - Business relationship Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE UNIVERSITY OF KANSAS AND THE UNIVERSITY OF KANSAS CENTER FOR RESEARCH MAY EACH APPOINT ONE BOARD MEMBER. THE UNIVERSITY OF KANSAS MEDICAL CENTER RESEARCH INSTITUTE MAY APPOINT TWO BOARD MEMBERS. THE REST OF THE BOARD MEMBERS ARE AUTOMATICALLY BOARD MEMBERS OF KU CENTER FOR TECHNOLOGY COMMERCIALIZATION, INC. BASED ON THEIR POSITIONS AT THE UNIVERSITY OF KANSAS, UNIVERSITY OF KANSAS CENTER FOR RESEARCH, AND THE UNIVERSITY OF KANSAS MEDICAL CENTER RESEARCH INSTITUTE. Form 990, Part VI, Line 11b Review of form 990 by governing body AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE 990. THE 990 IS THEN PROVIDED TO THE UNIVERSITY OF KANSAS MEDICAL CENTER RESEARCH INSTITUTE'S FINANCE COMMITTEE FOR THEIR REVIEW PRIOR TO FILING THE 990. ANY QUESTIONS OR CONCERNS THE FINANCE COMMITTEE MAY HAVE ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS THAT NEED TO BE MADE ARE MADE PRIOR TO FILING THE 990 WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy DISCLOSURE IS MADE ANNUALLY AT THE FIRST BOARD MEETING OF THE YEAR. THE BOARD SECRETARY REVIEWS DISCLOSURES FOR POTENTIAL CONFLICTS. THE SECRETARY WOULD DISCUSS ANY POTENTIAL CONFLICTS WITH THE EXECUTIVE DIRECTOR AND BOARD CHAIR. Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part IX, Line 11g Other Fees CONTRACTOR EXPENSE - Total Expense: 392695, Program Service Expense: 392695, Management and General Expenses: 0, Fundraising Expenses: ; PROFESSIONAL FEE - Total Expense: 62435, Program Service Expense: 56191, Management and General Expenses: 6244, Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances PARTNERSHIP INCOME FROM K-1S - -1032980; UNIVERSITY OF KANSAS 1450 JAYHAWK BLVD LAWRENCE KS 66045 481124839 EDUCATION KS 501(c)(1) N/A false UNIV OF KS MED CTR RESEARCH INSITUTE 3901 RAINBOW BLVD KANSAS CITY KS 66160 481108830 SUPPORTS KS 501(c)(3) Type I KUMC true STUDENT UNION CORP OF UNIV OF KS MED CTR 3901 RAINBOW BLVD KANSAS CITY KS 66160 480581966 RETAIL KS 501(c)(3) 10 UNIV OF KS true UNIV OF KS MED CTR RESEARCH PROPERTIES 3901 RAINBOW BLVD KANSAS CITY KS 66160 481172394 REAL ESTATE KS 501(c)(2) KUMC RI true UNIVERSITY OF KANSAS MEMORIAL CORP 1301 JAYHAWK BLVD LAWRENCE KS 66045 486033927 RETAIL KS 501(c)(3) 5 UNIV OF KS true UNIVERSITY OF KANSAS CENTER FOR RESEARCH 2385 IRVING HILL RD LAWRENCE KS 66045 ADMIN KS 501(c)(3) 10 UNIV OF KS true KU HEALTH PARTNERS INC 3901 RAINBOW BLVD KANSAS CITY KS 66160 481149398 HEALTHCARE KS 501(c)(3) 5 UNIV OF KS true UNIVERSITY OF KS MEDICAL CENTER 3901 RAINBOW BLVD KANSAS CITY KS 66160 481124839 MEDICAL CTR KS 501(c)(1) UNIV OF KS true KANSAS ATHLETICS INC 1651 NAISMITH DR LAWRENCE KS 66045 486033929 ATHLETICS KS 501(c)(3) 10 UNIV OF KS true KU CAMPUS DEVELOPMENT CORP 1450 JAYHAWK BLVD LAWRENCE KS 66045 810754858 REDEVELOPMENT KS 501(c)(1) UNIV OF KS true KANSAS LIFE SCIENCES DEVELOPMENT CO INC 330 SHAWNEE MISSION PKWY FAIRWAY KS 66205 811725831 INVESTMENTS KS NA C Corporation true false false true false false false false false false false false false false false true false false true true UNIVERSITY OF KS CENTER FOR RESEARCH R 289585 FMV UNIVERSITY OF KS MED CTR RESEARCH INSTITUTE S 242777 FMV UNIVERSITY OF KS CENTER FOR RESEARCH C 246940 FMV FLINT HILLS SCIENTIFIC LL C/O WEBSTER GOL LAWRENCE KS 66044 481171337 MEDICAL TECH. 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