Nonprofit · EIN 20-5349674
BIOSCIENCE & TECHNOLOGY BUSINESS CENTER INC
Tax-exempt · LAWRENCE, KS 66047
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,943,527 | $5,260,690 | -$317,163 | $46,536,366 | $26,374,942 | $20,161,424 |
| December 31, 2023 | 990 | $6,583,194 | $4,957,306 | $1,625,888 | $45,142,722 | $24,664,135 | $20,478,587 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,383,446
- of which government grants
- $480,946
- Program service revenue
- $3,408,991
- Investment income
- $116,277
- Other revenue
- $34,813
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $268,138
- Other salaries and wages
- $513,913
- Salaries, compensation and benefits (total)
- $862,905
- Professional fundraising fees
- $0
- Occupancy
- $1,545,115
- Depreciation
- $1,242,606
- Program services (functional)
- $4,855,409
- Management and general (functional)
- $405,281
Balance sheet and other
- Total assets, start of year
- $45,142,722
- Total assets, end of year
- $46,536,366
- Total liabilities, end of year
- $26,374,942
- Net assets, end of year
- $20,161,424
- Land, buildings and equipment
- $40,836,902
- Net assets without donor restrictions
- $20,161,424
- Gross receipts
- $4,943,527
- Employees
- 18
- Volunteers
- 11
- Year formed
- 2006
- State of legal domicile
- KS
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ADAM COURTNEY | VP FINANCE Officer | 40 | $294,162 | $24,417 |
| KATE CHINN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MIKE DEVER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DOUGLAS GIROD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KAREN WILLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHELE HAMMANN | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DEREK KWAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| MARK SHIFLETT | CO- FOUNDER Trustee or director | 1 | $0 | $0 |
| STEVEN W STITES | EX. VICE PRE Trustee or director | 1 | $0 | $0 |
| BONNIE LOWE | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| CRAIG OWENS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SARAH PLINSKY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ADAM COURTNEY | VP FINANCE Officer | 40 | $208,841 | $19,128 |
| E LAVERNE EPP | PRESIDENT Trustee or director, Officer | 40 | $168,693 | $12,312 |
| KATE CHINN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MIKE DEVER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DOUGLAS GIROD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KAREN WILLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT JOHNSON | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DEREK KWAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| VALENTINO J STELLA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT SIMARI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BONNIE LOWE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CRAIG OWENS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SARAH PLINSKY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2029 BECKER DR, LAWRENCE, KS 66047-1620
- Principal officer (990 for 2024)
- ADAM COURTNEY, 2029 BECKER DRIVE, LAWRENCE, KS 66047
- Signed the 990
- ADAM COURTNEY, VP FINANCE
- Phone
- (785) 832-2110
- Website
- KUINNOVATIONPARK.COM/
- Return prepared by
- SSC ADVISORS INC
Mission
THE ORGANIZATION'S MISSION IS TO CREATE, RECRUIT, GROW AND RETAIN TECHNOLOGY AND BIOSCIENCE BUSINESSES IN NORTHEAST KANSAS WITH THE ULTIMATE VISION TO BUILD A MORE MODERN, RESILIENT AND DIVERSE REGIONAL ECONOMY.
Program accomplishments
- IN 2024, THE BIOSCIENCE AND TECHNOLOGY BUSINESS CENTER (BTBC), DOING BUSINESS AS KU INNOVATION PARK (THE PARK), CONTINUED ITS EFFORTS TO CREATE, RECRUIT, GROW, AND RETAIN TECHNOLOGY AND BIOSCIENCE COMPANIES IN NORTHEAST KANSAS, WITH THE GOAL OF BUILDING A MORE MODERN, RESILIENT, AND DIVERSE REGIONAL ECONOMY. IN MARCH, ADAM COURTNEY, A LONGTIME EMPLOYEE AND CHIEF FINANCIAL OFFICER, WAS NAMED CEO AFTER SERVING AS INTERIM CEO FOR SEVERAL MONTHS. THE PARK SECURED 22 MILLION IN FEDERAL FUNDING FOR ITS NEXT FACILITY, THE PHASE IV BUILDING, WHICH WILL HOUSE THE KANSAS NATIONAL SECURITY INNOVATION CENTER, AMONG OTHER ENTITIES. THE PARK EXPANDED ITS STAFF BY HIRING CHRIS REHKAMP AS THE DIRECTOR OF BUSINESS SERVICES, PROVIDING AN IMMEDIATE BOOST TO SUPPORT FOR STARTUP AND ESTABLISHED COMPANIES WITHIN ITS FACILITIES AND BEYOND. THE PHASE III FACILITY REACHED CAPACITY IN MAY, HOUSING 11 COMPANIES FROM VARIOUS INDUSTRIES, INCLUDING ENGINEERING AND ARCHITECTURE, BIOSCIENCE AND ANIMAL HEALTH, AND GOVERNMENT AGENCIES. THE PARK LAUNCHED MULTIPLE NEW PROGRAMS, INCLUDING FREE MONTHLY LUNCH-AND-LEARNS ON TOPICS AIMED AT ENTREPRENEURS, A CAPITAL RAISE BOOT CAMP, AND LAID THE GROUNDWORK FOR AN ACCELERATOR PROGRAM SCHEDULED FOR JANUARY 2025 TO HELP UNIVERSITY RESEARCHERS BRING DISCOVERIES TO MARKET. THROUGHOUT 2024, THE PARK ADDED FOUR COMPANIES, BRINGING ITS TOTAL TO 74, WHICH CREATED 70 JOBS AND ADDED OVER 700,000 TO THE ANNUAL PAYROLL, TOTALING 750 JOBS AND A 49.7 MILLION ANNUAL PAYROLL ACROSS THE PARK SYSTEM. THANKS TO A GRANT FROM THE KANSAS DEPARTMENT OF COMMERCE, THE PARK CREATED A NEW CAPITAL OPTION, THE OREAD ANGEL INVESTORS NETWORK. IN ITS FIRST PITCH EVENT, NETWORK MEMBERS INVESTED OVER 500,000 IN STARTUPS AFFILIATED WITH THE UNIVERSITY OF KANSAS OR THE PARK. OVERALL, THE PARK CONTINUES TO SERVE THE NEEDS OF BIOSCIENCE AND TECHNOLOGY COMPANIES BY PROVIDING: 1) SPECIALIZED LAB AND OFFICE SPACE ON THE WEST CAMPUS OF THE UNIVERSITY OF KANSAS, 2) BUSINESS DEVELOPMENT SERVICES, 3) ACCESS TO THE UNIVERSITY IN A VARIETY OF WAYS, INCLUDING COLLABORATIVE RESEARCH, LAB ACCESS AND A TALENT PIPELINE, 4) RECRUITMENT AND RELOCATION ASSISTANCE, 5) ACCESS TO CAPITAL THROUGH THE ANGEL NETWORK, VARIOUS VENTURE CAPITAL PARNTERS, AND THROUGH EDUCATION AND SUPPORT FOR GRANT APPLICATIONS, AND 6) ACCESS TO THE VAST NETWORK OF RESOURCES THE PARK HAS CREATED THROUGH COLLABORATION AND PARTNERSHIP.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5349674
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $46,536,366
- Income (IRS master file)
- $4,943,527
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,943,527 | $5,260,690 | $46,536,366 | XML |
| 990 | December 2023 | $6,583,194 | $4,957,306 | $45,142,722 | XML |
| 990 | December 2022 | $13,851,598 | $4,239,161 | $44,485,182 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5349674).
Questions about BIOSCIENCE & TECHNOLOGY BUSINESS CENTER INC
- What is the EIN of BIOSCIENCE & TECHNOLOGY BUSINESS CENTER INC?
- The employer identification number (EIN) of BIOSCIENCE & TECHNOLOGY BUSINESS CENTER INC is 20-5349674.
- Is BIOSCIENCE & TECHNOLOGY BUSINESS CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2008.
- Are donations to BIOSCIENCE & TECHNOLOGY BUSINESS CENTER INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BIOSCIENCE & TECHNOLOGY BUSINESS CENTER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BIOSCIENCE & TECHNOLOGY BUSINESS CENTER INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BIOSCIENCE & TECHNOLOGY BUSINESS CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BIOSCIENCE & TECHNOLOGY BUSINESS CENTER INC?
- The 990 for the year ended December 31, 2024 names ADAM COURTNEY.
- Who are the officers and directors of BIOSCIENCE & TECHNOLOGY BUSINESS CENTER INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $294,162 (ADAM COURTNEY, VP FINANCE).
- How much revenue does BIOSCIENCE & TECHNOLOGY BUSINESS CENTER INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,943,527, expenses of $5,260,690 and total assets of $46,536,366 at year end.
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