2021-05-14T16:18:02-05:00 2020-06-30 BKD LLP 1201 Walnut Suite 1700 KANSAS CITY MO 641062246 990 2019-07-01 262838693 KU CENTER FOR TECHNOLOGY Commercialization Inc % PAUL TOLER KUCE 9135885711 3901 RAINBOW BLVD MAILSTOP 1039 KANSAS CITY KS 66160 PAUL TOLER DIRECTOR FINANCE 9135885313 2021-05-15 true Michael J Engle P00482834 8162216300 2021-05-15 2019 2022-09-23 18:48:47Z JAMIE CALDWELL 3901 RAINBOW BLVD MS 1039 KANSAS CITY KS 66160 4356258 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. 12 4 8 4 906610 638287 0 1634750 3519261 1706729 0 0 945157 1014779 4464418 4356258 0 0 0 0 837686 829882 0 0 0 3696928 1921297 4534614 2751179 -70196 1605079 1441982 1376544 1127962 356928 314020 1019616 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 2635779 0 1706729 PROMOTING AND AIDING IN THE FULFILLMENT OF THE SCIENTIFIC RESEARCH, EDUCATIONAL, AND SERVICE FUNCTIONS OF THE UNIVERSITY OF KANSAS MEDICAL CENTER. 2635779 true true false false false false false false false false true true false false false 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 false false true true X 72 0 true 8 true true true false false false false false false false false false false false X 12 4 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 3901 RAINBOW BLVD MAILSTOP 1039 KANSAS CITY KS 66160 ROBERT SIMARI DIRECTOR 1.0 39.0 X 0 694756 48074 RICHARD BAROHN DIRECTOR 1.0 39.0 X 0 658458 38597 CARL LEJUEZ DIRECTOR 1.0 39.0 X 0 419146 40423 DAVID VRANICAR DIRECTOR 1.0 39.0 X 0 339571 48950 JAMIE CALDWELL DIRECTOR/OFFICER 1.0 39.0 X X 0 227960 30392 SIMON ATKINSON DIRECTOR 1.0 39.0 X 0 157595 19030 BELINDA STURM DIRECTOR 1.0 39.0 X 0 127603 40423 PAUL TOLER TREASURER 1.0 39.0 X 0 114057 25263 BRIDGET STULL SECRETARY 39.0 1.0 X 0 81545 23030 LISA STEHNO-BITTEL DIRECTOR 1.0 24.0 X 0 35412 0 SARA MARY HALL DIRECTOR 1.0 0.0 X 0 0 0 LAVERNE EPP DIRECTOR 1.0 0.0 X 0 0 0 STEVE KELLY DIRECTOR 1.0 0.0 X 0 0 0 CORY BERKLAND DIRECTOR 1.0 0.0 X 0 0 0 BARBARA BICHELMEYER DIRECTOR 1.0 39.0 X 0 0 0 0 2856103 314182 0 false true false FOLEY LARDNER LLP 111HUNTINGTON AVE BOSTON MA 02199 LEGAL 209646 1 1634750 1634750 Technology Revenue 900099 1706729 1706729 1706729 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Partnership Income - K-1s 900099 906610 906610 ALL OTHER MISC REVENUE 900099 108169 108169 108169 108169 1014779 4356258 1706729 906610 108169 0 0 0 0 0 0 685274 616747 68527 28520 25668 2852 69012 62111 6901 47076 42368 4708 0 622646 622646 5408 5408 0 0 0 311343 301069 10274 0 0 153327 137994 15333 0 820227 820227 0 7721 6949 772 0 0 0 0 0 0 Dues, Memberships & Subs 625 625 _ 0 _ 0 _ 0 0 2751179 2635779 115400 0 1135267 1078403 0 0 0 0 143133 127432 0 0 0 0 0 0 0 0 0 0 16000 16000 0 0 163582 170709 0 0 0 0 0 0 1441982 1376544 1127962 356928 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1127962 356928 X 314020 1019616 0 0 314020 1019616 1441982 1376544 X 1605079 7127 -906610 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 0.00000 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 0 16000 16000 Investment in Startup Ventures 170709 C 170709 0 0 X 144686880 7127 141230105 141237232 3449648 906610 906610 4356258 136634004 133882825 133882825 2751179 2751179 SCHEDULE D, PART X, LINE 2 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, 2020 AND 2019, WITH RESPECT TO UNCERTAIN TAX POSITIONS. SCHEDULE D, PART XI, LINE 2D RELATED ENTITY REVENUE $ 142,216,240 ELIMINATIONS (986,135) ----------- $ 141,230,105 SCHEDULE D, PART XI, LINE 4B PARTNERSHIP INCOME - K-1S $ 906,610 SCHEDULE D, PART XII, LINE 2D RELATED ENTITY EXPENSES $ 134,868,960 ELIMINATIONS (986,135) ----------- $ 133,882,825 X X false false false false false false false false false RICHARD BAROHN DIRECTOR 0 628965 0 0 0 29493 0 23800 0 14797 0 697055 0 DAVID VRANICAR DIRECTOR 0 335700 0 0 0 3871 0 23800 0 25150 0 388521 0 JAMIE CALDWELL DIRECTOR/OFFICER 0 226855 0 0 0 1105 0 19411 0 10981 0 258352 0 ROBERT SIMARI DIRECTOR 0 657465 0 0 0 37291 0 23800 0 24274 0 742830 0 CARL LEJUEZ DIRECTOR 0 411095 0 0 0 8051 0 23800 0 16623 0 459569 0 BELINDA STURM DIRECTOR 0 127447 0 0 0 156 0 12210 0 28213 0 168026 0 SIMON ATKINSON DIRECTOR 0 156499 0 0 0 1096 0 13389 0 5641 0 176625 0 SCHEDULE J, PART II & FROM 990, PART VII COMPENSATION REPORTED FOR CARL LEJUEZ AND BELINDA STURM WAS PAID FOR BY THE UNIVERSITY OF KANSAS, A RELATED ORGANIZATION. ALL OTHER 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, SECTION A, LINE 2 ALL DIRECTORS AND OFFICERS HAVE BUSINESS RELATIONSHIPS WITH EACH OTHER. FORM 990, PART VI, SECTION A, LINE 7A 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, SECTION B, LINE 11B 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, SECTION B, LINE 12C 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, SECTION B, LINE 15A & 15B THE HR DIRECTOR MAINTAINS AND UPDATES SALARY RANGES USING SURVEYS, INDUSTRY PUBLICATIONS AND OTHER SOURCES. THE BOARD ALSO APPROVES THE PAY OF THE EXECUTIVE DIRECTOR. THE LAST REVIEW WAS PERFORMED BY THE HR DIRECTOR IN 2019. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 PARTNERSHIP INCOME FROM K-1S $ (906,610) FORM 990 PART IX LINE 11G DESCRIPTION:OTHER PROFESSIONAL FEES TOTAL FEES:102742 FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACTOR EXPENSE TOTAL FEES:208601 UNIV OF KS MED CTR RESEARCH INSITUTE 3901 RAINBOW BLVD KANSAS CITY KS 66160 481108830 SUPPORTS KS 501(C)(3) 12A KUMC true UNIVERSITY OF KANSAS 1450 JAYHAWK BLVD LAWRENCE KS 66045 481124839 EDUCATION KS GOVT NA false 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 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 KS MEDICAL CENTER 3901 RAINBOW BLVD KANSAS CITY KS 66160 481124839 MEDICAL CTR KS GOVT 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 GOVT UNIV OF KS true PRECEDE FUND 3901 RAINBOW BLVD KANSAS CITY KS 66160 481210094 INVESTMENTS KS EXCLUDED KANSAS LIFE SCIENCES DEVELOPMENT CO INC 4330 SHAWNEE MISSION PKWY FAIRWAY KS 66205 811725831 INVESTMENTS KS C-CORP true false false true false false false false false false false false false false false true false false true false UNIVERSITY OF KS CENTER FOR RESEARCH R 229453 FMV UNIVERSITY OF KS CENTER FOR RESEARCH C 1187375 FMV FLINT HILLS SCIENTIFIC LLC C/O WEBSTER GOLDEN 900 MASSACHUSETS LAWRENCE KS 66044 481171337 MEDICAL TECH. KS UNRELATED false 895818 12754 false false 0.07500