2026-05-05T11:17:46+00:00 2025-06-30 440160260 Forvis Mazars LLP 1201 Walnut Street Suite 1700 Kansas City MO 641062246 990 2024-07-01 262838693 KU CENTER FOR TECHNOLOGY COMMERCIALIZATION INC KUCE 9135885711 3901 RAINBOW BLVD MAILSTOP 1039 KANSAS CITY KS 66160 DAVID VRANICAR DIRECTOR 9135885711 2026-05-05 true true Michael Engle P00482834 8162216300 2026-05-15 2024 2025-03-06 01:10:19Z DAVID VRANICAR 3901 RAINBOW BLVD MAILSTOP 1039 KANSAS CITY KS 66160 5494514 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 10 0 1249177 812668 1774716 1827680 2422863 2416925 0 0 1156296 1249909 5353875 5494514 0 0 0 1028836 1022370 0 0 0 3312716 2834912 4341552 3857282 1012323 1637232 1519237 1723891 760300 702807 758937 1021084 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 3623753 0 2417657 PROMOTING AND AIDING IN THE FULFILLMENT OF THE SCIENTIFIC RESEARCH, EDUCATIONAL, AND SERVICE FUNCTIONS OF THE UNIVERSITY OF KANSAS MEDICAL CENTER. 3623753 true true false 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 false false true true true false true true X 45 0 true 10 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 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 BARBARA BICHELMEYER DIRECTOR 1.0 39.0 X 0 464795 55623 DAVID VRANICAR DIRECTOR 1.0 39.0 X 0 516655 58261 DOUG GIROD DIRECTOR 1.0 39.0 X 0 899419 172129 JEFF DEWITT TREASURER 1.0 39.0 X 0 361699 47145 MATTHIAS SALATHE SECRETARY 1.0 39.0 X 0 448998 44016 SCOTT WEIR DIRECTOR 1.0 39.0 X 0 360596 53930 SHELLEY HOOKS DIRECTOR 1.0 39.0 X 0 144709 18300 STEVEN STITES DIRECTOR 1.0 39.0 X 0 121030 11400 TRICIA BERGMAN DIRECTOR 1.0 39.0 X 0 181025 27160 CLIFFORD MICHAELS EXECUTIVE DIRECTOR, KUCTC 40.0 0.0 X 259892 0 35470 BELINDA STURM FORMER DIRECTOR 1.0 40.0 X 0 255092 50269 BRIDGET STULL DIRECTOR OF OPERATIONS, KUCTC 40.0 0.0 X 107935 0 30840 LISA HOEBELHEINRICH FORMER DIRECTOR 0.0 40.0 X 0 230268 29917 PAUL TOLER FORMER OFFICER 0.0 40.0 X 0 271607 48412 ROBERT SIMARI FORMER DIRECTOR 0.0 40.0 X 0 862744 57102 367827 5118637 739974 2 true true false FOLEY & LARDNER LLP 111 HUNTINGTON AVE BOSTON MA 02199 LEGAL 332753 MEUNIER CARLIN & CURFMAN LLC 999 PEACHTREE STREET NE SUITE 1300 ATLANTA GA 30309 LEGAL 172110 2 1827680 1827680 TECHNOLOGY REVENUE 900099 2416925 2416925 0 0 0 0 2416925 0 0 0 0 QUALIFIED PARTNERSHIP INVESTMENT - UBI 901101 1249177 1249177 732 732 0 0 1249909 5494514 2417657 1249177 0 X 831034 747933 83101 51578 46420 5158 84468 76021 8447 55290 49761 5529 1002160 901944 100216 404266 401723 2543 0 208227 187251 20976 4156 3740 416 1144684 1144684 19836 17852 1984 9346 8411 935 DUES, MEMBERSHIPS & SUBSCRIPTIONS 42237 38013 4224 0 0 0 0 0 3857282 3623753 233529 0 1229073 1559627 15907 15915 0 0 0 0 16000 16000 0 0 274257 148349 0 0 0 1519237 1723891 539705 626642 0 0 220595 76165 760300 702807 X 758937 1021084 758937 1021084 1519237 1723891 X 1637232 -125908 -1249177 X false true 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 Closely-held equity interests Financial derivatives INVESTMENT IN STARTUP VENTURES 148349 F 148349 Federal Income Taxes INTERCOMPANY PAYABLE 76165 76165 X 261007453 -125908 256888024 256762116 4245337 1249177 1249177 5494514 231086058 227228776 227228776 3857282 0 0 3857282 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, 2025, AND 2024, 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 - 466644 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements PARTNERSHIP REVENUE K-1S - 1249177 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RELATED ENTITY EXPENSES - XXX-XX-XXXX ELIMINATIONS - 466644 X X false true false false false false false false false BRIDGET STULL DIRECTOR OF OPERATIONS, KUCTC 98772 0 0 0 9163 0 9163 0 21677 0 138775 0 0 0 BELINDA STURM FORMER DIRECTOR 0 244948 0 0 0 10144 0 22618 0 27651 0 305361 0 0 LISA HOEBELHEINRICH FORMER DIRECTOR 0 67831 0 0 0 162437 0 19492 0 10425 0 260185 0 0 ROBERT SIMARI FORMER DIRECTOR 0 796355 0 0 0 66389 0 29325 0 27777 0 919846 0 0 DOUG GIROD DIRECTOR 0 639236 0 0 0 260183 0 41893 0 130236 0 1071548 0 0 DAVID VRANICAR DIRECTOR 0 515355 0 0 0 1300 0 29325 0 28936 0 574916 0 0 BARBARA BICHELMEYER DIRECTOR 0 451415 0 0 0 13380 0 29325 0 26298 0 520418 0 0 MATTHIAS SALATHE SECRETARY 0 430892 0 0 0 18106 0 29325 0 14691 0 493014 0 0 SCOTT WEIR DIRECTOR 0 331096 0 0 0 29500 0 29325 0 24605 0 414526 0 0 JEFF DEWITT TREASURER 0 338285 0 0 0 23414 0 29325 0 17820 0 408844 0 0 TRICIA BERGMAN DIRECTOR 0 177702 0 0 0 3323 0 15187 0 11973 0 208185 0 0 SHELLEY HOOKS DIRECTOR 0 124123 0 0 0 20586 0 8497 0 9803 0 163009 0 0 PAUL TOLER FORMER OFFICER 0 271607 0 0 0 0 0 22800 0 25612 0 320019 0 0 CLIFFORD MICHAELS EXECUTIVE DIRECTOR, KUCTC 213892 0 0 0 46000 0 21994 0 13476 0 295362 0 0 0 Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan DOUG GIROD PARTICIPATED IN A 457(F) NONQUALIFIED RETIREMENT PLAN. THERE WERE NO CONTRIBUTIONS TO THE PLAN DURING THE YEAR. Schedule J, Part II RELATED ORGANIZATION COMPENSATION ALL DIRECTOR AND OFFICER COMPENSATION WAS PAID FOR BY THE UNIVERSITY OF KANSAS MEDICAL CENTER, A RELATED ORGANIZATION. Form 990, Part V, Line 2a W-2S ISSUED 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 FOR ESTABLISHING 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 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. 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 VIII, Line 11d Other Miscellaneous Revenue ALL OTHER REVENUE - Total Revenue: 732, Related or Exempt Function Revenue: 732, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part IX, Line 11g Other Fees CONTRACTOR EXPENSE - Total Expense: 378817, Program Service Expense: 378817, Management and General Expenses: , Fundraising Expenses: ; OTHER PROFESSIONAL FEES - Total Expense: 25449, Program Service Expense: 22906, Management and General Expenses: 2543, Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances QUALIFIED PARTNERSHIP INVESTMENT - UBI - -1249177; Total - -1249177; UNIVERSITY OF KANSAS 1450 JAYHAWK BLVD LAWRENCE KS 66045 481124839 EDUCATION KS 501(c)(1) NA 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 480680117 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 282750 FMV UNIVERSITY OF KS MED CTR RESEARCH INSTITUTE S 709728 FMV UNIVERSITY OF KS CENTER FOR RESEARCH C 1827680 FMV FLINT HILLS SCIENTIFIC LL C/O WEBSTER GOL LAWRENCE KS 66044 481171337 MEDICAL TECH. 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