Student Union Corp Of The Univ Of Kansas Medical Center
- Assets
- $193.0k
- Revenue
- $64.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, KS
- Founding
- 11/1947
- Data as of
- 06/2023
- EIN
- 48-0581966
Organization Overview
Student Union Corp Of The Univ Of Kansas Medical Center is located in Kansas City, KS. The organization was established in 1947. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Student Union Corp Of The Univ Of Kansas Medical Center 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 06/2023, Student Union Corp Of The Univ Of Kansas Medical Center generated $64.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $147.5k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE STUDENT UNION CORPORATION OPERATES AS A NON-PROFIT SERVICE ORGANIZATION IN AND FOR THE INTEREST OF ALL DULY ENROLLED STUDENTS, FACULTY AND ADMINISTRATIVE STAFF ON THE KANSAS CITY CAMPUS OF THE UNVERSITY OF KANSAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STUDENT UNION CORPORATION OPERATES AS A NON-PROFIT SERVICE ORGANIZATION IN AND FOR THE INTEREST OF ALL DULY ENROLLED STUDENTS, FACULTY, AND ADMINISTRATIVE STAFF ON THE KANSAS CITY CAMPUS OF THE UNIVERSITY OF KANSAS. THE CORPORATION PROVIDES GOODS AND SERVICES TO MEET THE PHYSICAL, SOCIAL, CULTURAL AND ACADEMIC NEEDS OF THE STUDENTS, FACULTY, STAFF, ALUMNI, FRIENDS AND VISITORS ON A BASIS CONSISTENT WITH THE MISSION OF THE MEDICAL CENTER AND THE UNIVERSITY OF KANSAS. VENDING MACHINES AND ATMS ARE PROVIDED FOR THE CONVENIENCE OF STUDENTS, FACULTY, AND ADMINISTRATIVE STAFF. THE ORGANIZATION SIGNED A THIRD-PARTY CONTRACT WITH A RELATED PARTY, THE UNIVERSITY OF KANSAS MEMORIAL CORPORATION, TO OPERATE THE BOOKSTORES ON THE CAMPUSES OF THE UNIVERSITY OF KANSAS MEDICAL CENTER. THE PARTIES ENTERED INTO A RENEWED LEASE OF FIVE YEARS, EFFECTIVE DATE OF SEPTEMBER 1, 2016. THE UNIVERSITY OF KANSAS MEMORIAL CORPORATION PAYS THE ORGANIZATION A MINIMUM ANNUAL COMMISSION OF $22,800, PAYABLE IN MONTHLY INSTALLMENTS. ADDITIONAL COMMISSIONS WILL COMMENCE IF SALES EXCEED $1,250,000. EFFECTIVE AUGUST 1, 2018, THE MINIMUM AMOUNT WAS REVISED TO $16,815 DUE TO THE CLOSING OF THE WICHITA BOOKSTORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Klein President | OfficerTrustee | 1 | $0 |
Ryan Gove Vice President | OfficerTrustee | 1 | $0 |
Katherine Girgis Treasurer | OfficerTrustee | 1 | $0 |
Katie Lewis Secretary | OfficerTrustee | 1 | $0 |
Ellen Bietz Director | Trustee | 0.3 | $0 |
Edmond Carrillo Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,815 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,815 |
| Total Program Service Revenue | $16,648 |
| Investment income | $3,016 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $23,000 |
| Net Rental Income | $5,088 |
| 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 | $64,567 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $115,750 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,081 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $936 |
| All other expenses | $0 |
| Total functional expenses | $147,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $180,249 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,640 |
| 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 | $2,109 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $192,998 |
| Accounts payable and accrued expenses | $6,736 |
| 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 | $5,000 |
| Total liabilities | $11,736 |
| Net assets without donor restrictions | $181,262 |
| 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 | $192,998 |