2025-05-13T16:17:15+00:00 2024-06-30 440160260 Forvis Mazars LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2023-07-01 262838693 KU CENTER FOR TECHNOLOGY COMMERCIALIZATION INC KUCE 9135885711 3901 RAINBOW BLVD MAILSTOP 1039 KANSAS CITY KS 66160 DAVID VRANICAR DIRECTOR 9135885711 2025-05-13 true true Michael Engle P00482834 8162216300 2025-05-13 2023 2025-03-06 01:10:19Z DAVID VRANICAR 3901 RAINBOW BLVD MAILSTOP 1039 KANSAS CITY KS 66160 5353875 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. 8 0 9 0 1155929 661812 246940 1774716 2949182 2422863 0 0 1032980 1156296 4229102 5353875 0 0 0 0 921383 1028836 0 0 0 2762646 3312716 3684029 4341552 545073 1012323 1570747 1519237 717588 760300 853159 758937 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 4106352 0 2423230 PROMOTING AND AIDING IN THE FULFILLMENT OF THE SCIENTIFIC RESEARCH, EDUCATIONAL, AND SERVICE FUNCTIONS OF THE UNIVERSITY OF KANSAS MEDICAL CENTER. 4106352 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 42 0 true 9 true true true false false false false false false false false false false false X 8 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 BARBARA BICHELMEYER DIRECTOR 1.0 39.0 X 0 454612 53592 BELINDA STURM DIRECTOR 1.0 39.0 X 0 168958 45903 DAVID VRANICAR DIRECTOR 1.0 39.0 X 0 523981 55864 DOUG GIROD DIRECTOR 1.0 39.0 X 0 978588 120522 JEFF DEWITT TREASURER 1.0 39.0 X 0 353294 45180 MATTHIAS SALATHE SECRETARY 1.0 39.0 X 0 445344 42099 SCOTT WEIR DIRECTOR 1.0 39.0 X 0 348340 51648 TRICIA BERGMAN DIRECTOR 1.0 39.0 X 0 174809 26645 CLIFFORD MICHAELS EXECUTIVE DIRECTOR, KUCTC 40.0 0.0 X 313849 0 35513 BRIDGET STULL DIRECTOR OF OPERATIONS, KUCTC 40.0 0.0 X 101404 0 29447 LISA HOEBELHEINRICH FORMER DIRECTOR 0.0 40.0 X 0 367153 55176 PAUL TOLER FORMER OFFICER 0.0 40.0 X 0 203885 41776 ROBERT SIMARI FORMER DIRECTOR 0.0 40.0 X 0 793908 54469 SIMON ATKINSON FORMER DIRECTOR 0.0 40.0 X 0 372739 41619 415253 5185611 699453 2 true true false FOLEY & LARDNER LLP 111 HUNTINGTON AVE BOSTON MA 02199 LEGAL 392788 MEUNIER CARLIN & CURFMAN LLC 999 PEACHTREE STREET NE SUITE 1300 ATLANTA GA 30309 LEGAL 140740 MASCHOFF BRENNAN 1389 CENTER DRIVE STE 300 PARK CITY UT 84098 LEGAL 106583 NORTON ROSE FULBRIGHT US LLP PO BOX 122613 DALLAS TX 75312 LEGAL 100342 4 1774716 1774716 TECHNOLOGY REVENUE 900099 2422863 2422863 0 0 0 0 2422863 0 0 0 0 PARTNERSHIP INCOME - K-1S 901101 1155929 0 1155929 0 367 367 0 0 1156296 5353875 2423230 1155929 0 X 0 0 827684 744916 82768 62191 55972 6219 86987 78288 8699 51974 46777 5197 985106 886595 98511 584692 570544 14148 0 150791 135712 15079 1546341 1546341 15581 14023 1558 4186 3767 419 DUES, MEMBERSHIPS & SUBSCRIPTIONS 26019 23417 2602 0 0 0 0 0 4341552 4106352 235200 0 856027 1229073 489848 15907 0 0 0 0 16000 16000 0 0 224872 274257 0 0 0 1570747 1519237 425510 539705 0 0 292078 220595 717588 760300 X 853159 758937 853159 758937 1570747 1519237 X 1012323 49384 -1155929 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 274257 F 274257 INTERCOMPANY PAYABLE 220595 220595 X 224406399 49384 220159069 220208453 4197946 1155929 1155929 5353875 203601050 199259498 199259498 4341552 0 0 4341552 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, 2024, AND 2023, 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 - 181784 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements PARTNERSHIP INCOME FROM K-1S - 1155929 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 RELATED ENTITY EXPENSES - XXX-XX-XXXX ELIMINATIONS - 181784 X X false false false false false false false false false LISA HOEBELHEINRICH FORMER DIRECTOR 0 325461 0 0 0 41692 0 28050 0 27126 0 422329 0 0 PAUL TOLER FORMER OFFICER 0 203885 0 0 0 0 0 17208 0 24568 0 245661 0 0 ROBERT SIMARI FORMER DIRECTOR 0 728849 0 0 0 65059 0 28050 0 26419 0 848377 0 0 SIMON ATKINSON FORMER DIRECTOR 0 332508 0 0 0 40231 0 28050 0 13569 0 414358 0 0 DOUG GIROD DIRECTOR 0 793012 0 0 0 185576 0 40071 0 80451 0 1099110 0 0 DAVID VRANICAR DIRECTOR 0 491639 0 0 0 32342 0 28050 0 27814 0 579845 0 0 BARBARA BICHELMEYER DIRECTOR 0 441358 0 0 0 13254 0 28050 0 25542 0 508204 0 0 MATTHIAS SALATHE SECRETARY 0 427238 0 0 0 18106 0 28050 0 14049 0 487443 0 0 SCOTT WEIR DIRECTOR 0 319741 0 0 0 28599 0 28050 0 23598 0 399988 0 0 JEFF DEWITT TREASURER 0 329979 0 0 0 23315 0 28050 0 17130 0 398474 0 0 BELINDA STURM DIRECTOR 0 168642 0 0 0 316 0 15673 0 30230 0 214861 0 0 TRICIA BERGMAN DIRECTOR 0 173131 0 0 0 1678 0 14839 0 11806 0 201454 0 0 BRIDGET STULL DIRECTOR OF OPERATIONS, KUCTC 93892 0 7512 0 0 0 8609 0 20838 0 130851 0 0 0 CLIFFORD MICHAELS EXECUTIVE DIRECTOR, KUCTC 272949 0 0 0 40900 0 23500 0 12013 0 349362 0 0 0 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 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 VIII, Line 11d Other Miscellaneous Revenue ALL OTHER REVENUE - Total Revenue: 367, Related or Exempt Function Revenue: 367, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; Form 990, Part IX, Line 11g Other Fees CONTRACTOR EXPENSE - Total Expense: 443216, Program Service Expense: 443216, Management and General Expenses: 0, Fundraising Expenses: 0; PROFESSIONAL FEE - Total Expense: 141476, Program Service Expense: 127328, Management and General Expenses: 14148, Fundraising Expenses: 0; Form 990, Part XI, Line 9 Other changes in net assets or fund balances PARTNERSHIP INCOME FROM K-1S - -1155929; 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 258543 FMV UNIVERSITY OF KS MED CTR RESEARCH INSTITUTE S 534217 FMV UNIVERSITY OF KS CENTER FOR RESEARCH C 1774716 FMV FLINT HILLS SCIENTIFIC LL C/O WEBSTER GOL LAWRENCE KS 66044 481171337 MEDICAL TECH. 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