Kansas State University Research Foundation
- Assets
- $15.6m
- Revenue
- $5.4m
- Investments
- $7.2m
- Employees
- 0
- Location
- Manhattan, KS
- Founding
- 11/1944
- Data as of
- 06/2021
- EIN
- 48-6106237
Organization Overview
Kansas State University Research Foundation, operating under the name K-State Innovation Partners, is located in Manhattan, KS. The organization was established in 1944. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. K-State Innovation Partners 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, K-State Innovation Partners generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $5.2m during the year ending 06/2021. While expenses have increased by 7.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, ENCOURAGE, & AID SCIENTIFIC INVESTIGATION, RESEARCH & TECHNOLOGY TRANSFER AT K-STATE
Describe the Organization's Program Activity:
Part 3 - Line 4a
LICENSING AND COMMERCIALIZATION OF INTELLECTUAL PROPERTY
INTELLECTUAL PROPERTY DISCOVERY AND PROTECTION
ACTIVITIES TO SUPPORT THE STATE OF KANSAS GLOBAL FOOD SYSTEMS INITIATIVE
OTHER PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David V Rosowsky Chair | OfficerTrustee | 1 | $0 |
Kent Glasscock President/ceo | Officer | 40 | $0 |
Victoria Appelhans Treasurer/cfo | Officer | 30 | $0 |
Tresa Landis Secretary | Officer | 40 | $0 |
Chris Brandt Senior Leadership | Officer | 40 | $0 |
Ethan Erickson Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Canopy A Public Benefit Llc Software Development And Support For A L | 6/29/22 | $1,150,000 |
Hovey Williams Legal Services | 6/29/22 | $313,508 |
Armstrong Teasdale Legal Services | 6/29/22 | $157,684 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24 |
| Investment income | $240,029 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,851 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,376,469 |
| Statement of Expenses | |
|---|---|
| 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. | $669,869 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,444,813 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $630,336 |
| Fees for services: Accounting | $9,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,290 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,155 |
| Office expenses | $10,284 |
| Information technology | $14,515 |
| Royalties | $2,339,765 |
| Occupancy | $0 |
| Travel | $152 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,510 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,328 |
| Insurance | $3,146 |
| All other expenses | $0 |
| Total functional expenses | $5,216,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $303,438 |
| Savings and temporary cash investments | $4,172,951 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $487,103 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $155,236 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $81,009 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,182,298 |
| Investments—program-related | $3,198,810 |
| Intangible assets | $0 |
| Other assets | $35,444 |
| Total assets | $15,643,687 |
| Accounts payable and accrued expenses | $667,801 |
| Grants payable | $0 |
| Deferred revenue | $600,875 |
| 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 | $3,244,225 |
| Total liabilities | $4,512,901 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $11,130,786 |
Grants Awarded
Over the last fiscal year, Kansas State University Research Foundation has awarded $23,067 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Manhattan, KS PURPOSE: GRANTS WERE ISSUED TO ASSIST IN RESEARCH AT KANSAS STATE UNIVERSITY | $18,067 |
KANSAS STATE UNIVERSITY INSTITUTE FOR COMMERCIALIZATION PURPOSE: SHARE OF RESEARCH GRANT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kansas State University Research Foundation has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Public Health Institute Oakland, CA PURPOSE: Technical Assistance | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Research Corporation Tucson, AZ | $242,008,144 | $26,138,153 |
Southwest Autism Research And Resource Center Phoenix, AZ | $18,925,029 | $16,667,407 |
Retina Foundation Of The Southwest Dallas, TX | $12,529,577 | $5,235,992 |
Translational Genomics Research Institute Foundation Phoenix, AZ | $24,235,369 | $3,772,453 |
Steadman Philippon Research Institute Vail, CO | $14,955,351 | $15,214,073 |
Centralwest Healthcare Inc Saint Louis, MO | $11,731,408 | $18,084,103 |
The Mind Research Network Albuquerque, NM | $3,071,604 | $13,923,047 |
Lungevity Foundation Chicago, IL | $12,082,053 | $14,543,433 |
Memphis Bioworks Foundation Memphis, TN | $6,047,652 | $238,794 |
The Young Living Foundation Lehi, UT | $9,856,727 | $9,672,215 |
Colorado Prevention Center Aurora, CO | $19,075,363 | $15,993,766 |
Mary Crowley Medical Research Center Dallas, TX | $12,682,772 | $12,969,908 |