Ku Center For Technology Commercialization Inc

Organization Overview

Ku Center For Technology Commercialization Inc is located in Kansas City, KS. The organization was established in 2011. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. As of 06/2021, Ku Center For Technology Commercialization Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ku Center For Technology Commercialization Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Ku Center For Technology Commercialization Inc generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $3.0m during the year ending 06/2021. While expenses have increased by 8.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF KUCTC IS TO MAXIMIZE THE IMPACT OF THE UNIVERSITY INTELLECTUAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY AND SOCIETY.

Describe the Organization's Program Activity:

PROMOTING AND AIDING IN THE FULFILLMENT OF THE SCIENTIFIC RESEARCH, EDUCATIONAL, AND SERVICE FUNCTIONS OF THE UNIVERSITY OF KANSAS MEDICAL CENTER.


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Board, Officers & Key Employees

Name (title)Compensation
Matthew Koenig
Licensing Administrator
$106,154
Bridget Stull
Secretary
$76,878
Lisa Hoebelheinrich
Director/officer
$0
Paul Toler
Treasurer
$0
David Vranicar
Director
$0
Robert Simari
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Meunier Carlin Curfman Llc
Legal
$102,546
Foley And Lardner Llp
Legal
$258,641
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,187,375
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,187,375
Total Program Service Revenue$1,866,778
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,804,226

Grants Awarded

Over the last fiscal year, Ku Center For Technology Commercialization Inc has awarded $1,016,918 in support to 2 organizations.

Grant RecipientAmount

UNIVERSITY OF KANSAS CENTER FOR RESEARCH

Org PageRecipient Profile

Lawrence, KS

PURPOSE: SUPPORT

$762,688

UNIV OF KANSAS MED CENTER RESEARCH INSTITUTE

Org PageRecipient Profile

Kansas City, KS

PURPOSE: SUPPORT

$254,230
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Ku Center For Technology Commercialization Inc has recieved totaling $1,187,375.

Awarding OrganizationAmount
University Of Kansas Center For Research Inc

Lawrence, KS

PURPOSE: Operations Support

$1,187,375
View Grant Recipient Profile

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