2019-11-01T16:19:03-05:00 2019-06-30 300038643 VARNEY & ASSOCIATES CPAS LLC 120 NORTH JULIETTE MANHATTAN KS 665026092 990 2018-07-01 486106237 KANSAS STATE UNIVERSITY RESEARCH FOUNDATION KANS 7855325720 2005 RESEARCH PARK CIRCLE NO 105 MANHATTAN KS 66502 CINDY BONTRAGER TREASURER 7855325720 2019-10-18 1 MICHELLE R CROW P00249476 7855372202 64.6.123.122 2019-10-18 14:51:57 CD P B3BEC8F61A7036D19B3E0A124BECA02795B414DD B3BEC8F61A7036D19B3E0A124BECA02795B414DD 2018 2020-03-31 21:24:44Z PETER DORHOUT 2005 RESEARCH PARK CIRCLE NO 105 MANHATTAN KS 66502 3100826 0 X WWW.K-STATE.EDU/TECH.TRANSFER X 1942 KS TO PROMOTE, ENCOURAGE, & AID SCIENTIFIC INVESTIGATION, RESEARCH & TECHNOLOGY TRANSFER AT K-STATE 8 3 0 0 0 0 95 456 3852127 2883275 222658 217095 0 0 4074880 3100826 604351 23067 0 0 364173 401433 0 0 0 3069158 2571692 4037682 2996192 37198 104634 5583952 12207428 1998844 2529539 3585108 9677889 X TO PROMOTE, ENCOURAGE AND AID SCIENTIFIC INVESTIGATION, RESEARCH AND TECHNOLOGY TRANSFER AT KANSAS STATE UNIVERSITY 0 0 609697 362222 NEW PATENTS AND MAINTENANCE OF OLD PATENTS 1840742 2506424 ROYALTY SHARES 23067 23067 1000 RESEARCH GRANTS 306028 13942 MISCELLANEOUS 306028 13942 2779534 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 83 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 3 0 0 1 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 KS X TRESA LANDIS 7855325720 2005 RESEARCH PARK CIRCLE STE 105 MANHATTAN KS 66502 PETER DORHOUT CHAIR 1.00 40.00 X X 0 365625 33395 CINDY BONTRAGER TREASURER 1.00 40.00 X X 0 259682 28994 ERNIE MINTON SECRETARY 1.00 40.00 X X 0 261792 28559 MIKE GREIM VICE CHAIR 1.00 X X 0 0 0 RICHARD HESSE BOARD MEMBER 1.00 20.00 X 0 96614 21260 KIMBERLY HONEYCUTT BOARD MEMBER 1.00 X 0 0 0 RONALDO MAGHIRANG BOARD MEMBER 1.00 40.00 X 0 219688 17669 PHIL STROUPE BOARD MEMBER 1.00 X 0 0 0 CHRIS BRANDT PRESIDENT/CEO 40.00 X 0 169141 21714 TRESA LANDIS TOP FINANCE OFFICIAL 40.00 X 0 79269 13949 0 1451811 165540 0 0 1 0 HOVEY WILLIAMS 10801 MASTIN BLVD STE 1000 OVERLAND PARK KS 66210 LEGAL SERVICES 290605 ARMSTRONG TEASDALE LLP 2345 GRAND STE 1500 KANSAS CITY MO 641082617 LEGAL SERVICES 206829 2 456 456 ROYALTIES 541700 2506424 2506424 LEGAL REIMBURSEMENTS 541700 335970 335970 MAINTENANCE FEE REIMBU 541700 26252 26252 OTHER 541700 13629 13629 RESEARCH AGREEMENTS 541700 1000 1000 2883275 216782 216782 313 0 313 313 313 3100826 2883588 0 216782 23067 23067 289512 147128 142384 111921 87541 24380 50000 50000 609697 609697 7250 7250 2787 2787 6652 342 6310 7528 7528 1840742 1840742 12037 12037 6801 6801 3747 3747 5563 5563 2164 2164 MISCELLANEOUS 12136 10702 1434 DUES 4588 4588 2996192 2779534 216658 0 839263 629416 3642990 314111 91381 117309 165124 1853 86892 67211 27356 3597 39855 2644021 5468292 1616922 2014024 8000 4000 38876 65454 5583952 12207428 326182 389990 10000 78500 1662662 2061049 1998844 2529539 X 3585108 9677889 3585108 9677889 5583952 12207428 X 104634 24522 5963625 X X 0 1 X 1 0 X X 1 KANSAS STATE UNIVERSITY 480771751 5 1 1405640 0 1 1405640 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION D, LINE 3 THE KANSAS STATE UNIVERSITY VICE-PRESIDENT FOR ADMINISTRATION AND FINANCE IS AN EX OFFICIO MEMBER OF THE KANSAS STATE UNIVERSITY RESEARCH FOUNDATION BOARD OF DIRECTORS. THIS INDIVIDUAL HOLDS THE OFFICE OF TREASURER OF THE KANSAS STATE UNIVERSITY RESEARCH FOUNDATION BOARD AND SERVES ON THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE IS AUTHORIZED TO MAKE DECISIONS REGARDING ALL FINANCIAL ACCOUNTS AND INSTRUMENTS OF THE ORGANIZATION. THE INDIVIDUAL OVERSEES THE MANAGEMENT OF INVESTED FUNDS, MEETS REGULARLY WITH FUND MANAGERS AND ENSURES KANSAS STATE UNIVERSITY RESEARCH FOUNDATION'S INVESTMENT POLICIES ARE FOLLOWED. FURTHER, INDIVIDUAL CONSIDERS INITIATIVES TO BE SUPPORTED BY KANSAS STATE UNIVERSITY RESEARCH FOUNDATION AND MAKES RECOMMENDATIONS OF THE SAME TO THE BOARD. PART IV, SECTION E, LINE 2A THE SUPPORTED ORGANIZATION IS KANSAS STATE UNIVERSITY (KSU). KANSAS STATE UNIVERSITY RESEARCH FOUNDATION (KSURF) IS RESPONSIBLE FOR MANAGING THE TECHNOLOGY TRANSFER ACTIVITIES OF KSU UNDER AN OPERATING AGREEMENT BETWEEN THE TWO ENTITIES. KSURF WAS ESTABLISHED TO PROMOTE, ENCOURAGE AND AID SCIENTIFIC RESEARCH AT KSU AND TO PROVIDE THE MEANS, METHODS AND AGENCIES BY WHICH INVENTIONS AND DISCOVERIES AT KSU MAY BE PATENTED, COMMERCIALIZED OR OTHERWISE UTILIZED FOR THE BENEFIT OF KSU AND ITS FACULTY, STAFF, ALUMNI AND STUDENTS. PART IV, SECTION E, LINE 2B TECHNOLOGY TRANSFER IS CLOSELY LINKED TO FUNDAMENTAL RESEARCH ACTIVITIES IN UNIVERSITIES. UNDER THE BAYH-DOLE ACT OF 1980, UNIVERSITIES HAVE THE ABILITY TO RETAIN TITLE TO AND PROMOTE THE COMMERCIALIZATION OF INVENTIONS DEVELOPED UNDER GOVERNMENT FUNDING. WITH THIS ELECTION, UNIVERSITIES ARE REQUIRED TO PROPERLY MANAGE THE INVENTIONS INCLUDING REPORTING REQUIREMENTS, FILING PATENTS, MARKETING AND LICENSING THE INVENTION AND DISTRIBUTING RETURNS. THE REQUIREMENTS NECESSARY TO ADHERE TO THE BAYH-DOLE ACT ARE CONTRACTED TO KANSAS STATE UNIVERSITY RESEARCH FOUNDATION BY KSU. IF THE KANSAS STATE UNIVERSITY RESEARCH FOUNDATION DID NOT EXIST, KSU WOULD STILL BE REQUIRED TO CONFORM TO THESE REQUIREMENTS. 67211 27356 39855 39855 INVESTMENTS-KSURF 4801463 F EQUITY INVESTMENTS - CLOSELY HELD 666829 C 5468292 AMOUNTS HELD FOR OTHERS 2014024 F 2014024 AMOUNTS HELD FOR OTHERS 2014024 INVESTMENT SHARES PAYABLE 47025 2061049 X 3035129 24522 -90219 -65697 3100826 0 3100826 2996192 0 2996192 0 2996192 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. FOR EACH OF THE YEARS ENDED JUNE 30, 2019 AND 2018, THE ORGANIZATION DID NOT RECOGNIZE ANY INTEREST OR PENALTIES ASSOCIATED WITH TAX MATTERS. THE FOUNDATION'S FEDERAL EXEMPT ORGANIZATION RETURNS (FORM 990) FOR 2019 AND 2018 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. NO TAXING AUTHORITIES HAVE COMMENCED INCOME TAX EXAMINATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: PASSTHRU INCOME/EXPENSE -90,219. 1 KANSAS STATE UNIVERSITY 105 ANDERSON HALL MANHATTAN KS 66502 480771751 18067 GRANTS WERE ISSUED TO ASSIST IN RESEARCH AT KANSAS STATE UNIVERSITY KANSAS STATE UNIVERSITY INSTITUTE FOR COMMERCIALIZATION 2005 RESEARCH PARK CIRCLE MANHATTAN KS 66502 481150841 5000 SHARE OF RESEARCH GRANT 2 PART I, LINE 2: THE RESEARCH AWARDS ARE RECEIVED UNDER LICENSING CONTRACTS WITH THIRD PARTIES. THEY ARE PASSED THROUGH TO KANSAS STATE UNIVERSITY TO SUPPORT RESEARCH ACTIVITIES TO FURTHER DEVELOP THE LICENSED TECHNOLOGIES. X 0 0 0 0 0 0 0 0 0 PETER DORHOUT CHAIR 0 365625 0 0 0 0 0 23375 0 10020 0 399020 0 0 CINDY BONTRAGER TREASURER 0 259682 0 0 0 0 0 20474 0 8520 0 288676 0 0 ERNIE MINTON SECRETARY 0 261792 0 0 0 0 0 20089 0 8470 0 290351 0 0 RONALDO MAGHIRANG BOARD MEMBER 0 219688 0 0 0 0 0 17669 0 0 0 237357 0 0 CHRIS BRANDT PRESIDENT/CEO 0 169141 0 0 0 0 0 13504 0 8210 0 190855 0 0 KSU-IC ONE MEMBER IN COMMON ON BOTH KSURF AND KSU-IC BOARDS 223663 ROYALTIES, RENT AND MANAGEMENT 0 KANSAS WHEAT ALLIANCE ONE KSURF EXECUTIVE COMMITTEE MEMBER IS ALSO KWA BOARD MEMBER 438511 ROYALTY REVENUE IS RECEIVED AS A RESULT OF BEING A LICENSEE, SOME OF WHICH REIMBURSES PREVIOUS LEGAL EXPENSES. 0 FORM 990, PART VI, SECTION A, LINE 4 CHANGES TO THE BYLAWS WERE SIGNED ON JUNE 27, 2019 SO THAT EFFECTIVE JULY 1, 2019 THE COMPOSITION OF THE BOARD OF DIRECTORS HAS BEEN CHANGED. THE NUMBER OF DIRECTORS HAS BEEN CHANGED TO AT LEAST 5 INDIVIDUALS AND NO MORE THAN 7 INDIVIDUALS. THE ORGANIZATION SHALL HAVE AT LEAST 2 BUT NOT MORE THAN 4 DIRECTORS APPOINTED BY THE SINGLE MEMBER, KANSAS STATE UNIVERSITY. THE EX-OFFICIO DIRECTORS WILL BE THE UNIVERSITY'S CHIEF RESEARCH OFFICER, CHIEF FINANCIAL OFFICER, AND DIRECTOR OF GOVERNMENTAL RELATIONS. THE BOARD CHAIR SHALL BE THE UNIVERSITY'S CHIEF RESEARCH OFFICER AND SHALL PRESIDE AT ALL MEETINGS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION HAS ONE VOTING MEMBER WHICH IS KANSAS STATE UNIVERSITY FORM 990, PART VI, SECTION A, LINE 7A THE VOTING MEMBER IS KANSAS STATE UNIVERSITY. MEMBERS OF THE GOVERNING BODY HAVE THE AUTHORITY TO ELECT NEW BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE VOTING MEMBER'S APPROVAL IS REQUIRED TO 1)REMOVE A BOARD MEMBER, 2)REVOKE OR AMEND THE BYLAWS AND 3)REVOKE OR AMEND THE ARTICLES OF INCORPORATION. FORM 990, PART VI, SECTION B, LINE 11B DUE TO TIMING OF BOARD MEETING, NO REVIEW WILL BE CONDUCTED BY GOVERNING BODY FOR ELECTRONIC FILING. FORM 990, PART VI, SECTION B, LINE 12C GOVERNING DOCUMENTS, DIRECTOR AND OFFICER ANNUAL CONFLICT OF INTEREST STATEMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE EMPLOYEE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE KANSAS STATE UNIVERSITY WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE KANSAS STATE UNIVERSITY WEBSITE. THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: NET PASSTHRU INCOME/EXPENSE -90,219. EQUITY FROM KANSAS STATE UNIVERSITY INSTITUTE FOR COMMERCIALIZATION 6,053,844. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS SELECTS THE INDEPENDENT AUDITOR. NO CHANGE FROM PRIOR YEARS. KANSAS STATE UNIVERSITY 110 ANDERSON HALL MANHATTAN KS 66506 480771751 HIGHER EDUCATION KS 0 KANSAS STATE UNIVERSITY INSTITUTE FOR COMMERCIALIZATION 2005 RESEARCH PARK CIRCLE MANHATTAN KS 66502 481150841 MARKETING INTELLECTUAL PROPERTY, ECONOMIC DEVELOPMENT RESULTING IN NEW JOBS KS 501(C)(3) LINE 5 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 1 0 KSU-IC M 50413 CASH PD KSU-IC R 167391 CASH PD KANSAS STATE UNIVERSITY R 1405640 CASH PD KANSAS STATE UNIVERSITY O 401433 CASH PD