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.
Form
990T
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Matthew Koenig Licensing Administrator | 39 | $106,154 | |
Bridget Stull Secretary | Officer | 39 | $76,878 |
Lisa Hoebelheinrich Director/officer | OfficerTrustee | 1 | $0 |
Paul Toler Treasurer | Officer | 1 | $0 |
David Vranicar Director | Trustee | 1 | $0 |
Robert Simari Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Meunier Carlin Curfman Llc Legal | 6/29/21 | $102,546 |
Foley And Lardner Llp Legal | 6/29/21 | $258,641 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $630,196 |
Pension plan accruals and contributions | $54,723 |
Other employee benefits | $64,902 |
Payroll taxes | $49,630 |
Fees for services: Management | $0 |
Fees for services: Legal | $873,390 |
Fees for services: Accounting | $4,160 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $296,808 |
Advertising and promotion | $0 |
Office expenses | $211,307 |
Information technology | $0 |
Royalties | $854,233 |
Occupancy | $0 |
Travel | $307 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $8,115 |
Total functional expenses | $3,047,772 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,246,268 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $132 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $120,849 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,367,249 |
Accounts payable and accrued expenses | $512,182 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $326,305 |
Total liabilities | $838,487 |
Net assets without donor restrictions | $528,762 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,367,249 |
Over the last fiscal year, Ku Center For Technology Commercialization Inc has awarded $1,016,918 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Lawrence, KS PURPOSE: SUPPORT | $762,688 |
Kansas City, KS PURPOSE: SUPPORT | $254,230 |
Over the last fiscal year, we have identified 1 grants that Ku Center For Technology Commercialization Inc has recieved totaling $1,187,375.
Awarding Organization | Amount |
---|---|
University Of Kansas Center For Research Inc Lawrence, KS PURPOSE: Operations Support | $1,187,375 |
Organization Name | Assets | Revenue |
---|---|---|
Mcrel International Denver, CO | $9,203,868 | $14,483,692 |
Extension Foundation Kansas City, MO | $2,522,851 | $10,713,284 |
Biostl St Louis, MO | $11,983,607 | $9,906,335 |
Colorado Succeeds Littleton, CO | $3,295,477 | $4,371,975 |
Ku Center For Technology Commercialization Inc Kansas City, KS | $1,367,249 | $3,804,226 |
Kansas Policy Institute Wichita, KS | $1,303,303 | $1,472,050 |
Lyra Denver, CO | $1,113,355 | $1,520,796 |
Great Education Colorado Denver, CO | $185,201 | $708,537 |
Vail Summit Research And Education Foundation Vail, CO | $530,268 | $508,673 |
Colorado Futures Center At Csu Lafayette, CO | $207,115 | $339,013 |
Colorado Longitudinal Study Boulder, CO | $858,001 | $290,207 |
Foundation For A Better Economy Boulder, CO | $192 | $0 |