University Of Kansas Memorial
- Assets
- $21.3m
- Revenue
- $34.6m
- Investments
- $0.0
- Employees
- 1,177
- Location
- Lawrence, KS
- Founding
- 05/2018
- Data as of
- 06/2022
- EIN
- 48-6033927
Organization Overview
University Of Kansas Memorial is located in Lawrence, KS. The organization was established in 2018. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, University Of Kansas Memorial employed 1,177 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Kansas Memorial 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 06/2022, University Of Kansas Memorial generated $34.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $34.0m during the year ending 06/2022. While expenses have increased by 5.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MEMORIAL UNIONS FUNCTION AS A CONCESSIONAIRE TO THE UNIVERSITY OF KANSAS FOR THE PURPOSE OF OPERATING VARIOUS ENTERPRISES WITHIN THE KANSAS UNION BUILDING, THE BURGE UNION, THE EDWARDS CAMPUS UNION, RESIDENTIAL DINING HALLS, AND OTHER UNIVERSITY PROPERTIES ON CAMPUS.
Describe the Organization's Program Activity:
THE KU MEMORIAL UNION SERVES AS KU'S COMMUNITY CENTER. BY ITS NATURE, IT PROVIDES AN ENVIRONMENT IN WHICH ALL VOICES CAN BE HEARD AND CONVERSATIONS CAN OCCUR. THROUGH OPENNESS, ENGAGEMENT AND INCLUSIVENESS, THE UNION SUPPORTS STUDENT ASPIRATIONS FOR A BETTER KU AND COMMUNITY-AT-LARGE. THROUGH ITS OPERATION OF THE KANSAS UNION, THE DEBRUCE CENTER, KU DINING SERVICES AND THE KU BOOKSTORE, THE UNION FACILITATES COMMUNITY EXCHANGE BY PROVIDING ENGAGING ENVIRONMENTS AND COMPELLING PROGRAMS FOR STUDENTS, STAFF, FACULTY, ALUMNI AND VISITORS. KUMU FULFILLS ITS EXEMPT PURPOSE THROUGH: FOOD SERVICE AND RESIDENTIAL DINNING BY PROVIDING MEALS FOR UNIVERSITY STUDENTS; UNION CONCESSIONS BY PROVIDING ADDITIONAL FOOD AND SUPPLIES TO UNIVERSITY STUDENTS; AND BOOKSTORE OPERATIONS BY PROVIDING SCHOOL BOOKS AND SUPPLIES TO UNIVERSITY STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director, Ku Memorial Union | OfficerTrustee | 50 | $135,964 |
Name Not Listed Secretary & Board Member, Senior Associate Director, Ku Memorial Union | OfficerTrustee | 45 | $115,150 |
Name Not Listed Ku Controller, Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Vice President & Board Member | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,500,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $96,390 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,596,390 |
| Total Program Service Revenue | $29,967,566 |
| Investment income | $37,336 |
| 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 | $34,576,041 |
| 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. | $251,114 |
| Compensation of current officers, directors, key employees. | $251,114 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,324,771 |
| Pension plan accruals and contributions | $178,694 |
| Other employee benefits | $593,811 |
| Payroll taxes | $469,970 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,697 |
| Fees for services: Accounting | $5,527 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $566,436 |
| Advertising and promotion | $372,293 |
| Office expenses | $1,762,587 |
| Information technology | $403,994 |
| Royalties | $0 |
| Occupancy | $1,892,598 |
| Travel | $33,495 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $217,794 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,074,563 |
| Insurance | $336,013 |
| All other expenses | $723,196 |
| Total functional expenses | $33,987,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,123,048 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,374,014 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,387,935 |
| Prepaid expenses and deferred charges | $238,690 |
| Net Land, buildings, and equipment | $7,789,277 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,390,163 |
| Total assets | $21,303,127 |
| Accounts payable and accrued expenses | $3,364,256 |
| Grants payable | $0 |
| Deferred revenue | $163,230 |
| 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 | $4,101,660 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $667,765 |
| Total liabilities | $8,296,911 |
| Net assets without donor restrictions | $12,981,816 |
| Net assets with donor restrictions | $24,400 |
| 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 | $21,303,127 |