Kansas Health Science University Inc
- Assets
- $90.2m
- Revenue
- $6.8m
- Investments
- $48.4m
- Employees
- 113
- Location
- Wichita, KS
- Founding
- 08/2018
- Data as of
- 05/2023
- EIN
- 82-5178988
Organization Overview
Kansas Health Science University Inc is located in Wichita, KS. The organization was established in 2018. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 05/2023, Kansas Health Science University Inc employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kansas Health Science University 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 05/2023, Kansas Health Science University Inc generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 69.3% each year . All expenses for the organization totaled $21.8m during the year ending 05/2023. 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
KANSAS HEALTH SCIENCE CENTER ("KHSC") WAS ESTABLISHED TO PREPARE FORWARD-THINKING, EMPATHIC OSTEOPATHIC PHYSICIANS AND LEADERS AT THE INTERSECTION OF HEALTH AND CONVERGING FIELDS. KHSC UPHOLDS QUALITY AND INNOVATION AS GUIDING PRINCIPLES TO DEVELOP RIGOROUS ACADEMIC PROGRAMMING ADAPTABLE TO FUTURE NEEDS. WITH COMMUNITY AS A CORE VALUE, KHSC IS DEDICATED TO FINDING COLLECTIVE SOLUTIONS LOCALLY AND GLOBALLY AND ADVANCING IMPACT IN UNDERSERVED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KANSAS HEALTH SCIENCE CENTER ("KHSC") WAS ESTABLISHED TO PREPARE FORWARD-THINKING, EMPATHIC OSTEOPATHIC PHYSICIANS AND LEADERS AT THE INTERSECTION OF HEALTH AND CONVERGING FIELDS. KHSC UPHOLDS QUALITY AND INNOVATION AS GUIDING PRINCIPLES TO DEVELOP RIGOROUS ACADEMIC PROGRAMMING ADAPTABLE TO FUTURE NEEDS. WITH COMMUNITY AS A CORE VALUE, KHSC IS DEDICATED TO FINDING COLLECTIVE SOLUTIONS LOCALLY AND GLOBALLY AND ADVANCING IMPACT IN UNDERSERVED COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Horowitz Corporate President/trustee | OfficerTrustee | 2 | $0 |
Deborah Markos 1st Vice Chair | Trustee | 2 | $0 |
Tiffany Masson Institution Pres./trustee | OfficerTrustee | 40 | $301,780 |
Vadim Levitin Board Chair | Trustee | 2 | $0 |
Jerry Gaston 2nd Vice Chair | Trustee | 2 | $0 |
Edward Bergmark Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wilson Building Maintenance Inc Building Maintenance | 5/30/23 | $170,937 |
Touch Of Life Technologies Student Services | 5/30/23 | $276,146 |
Coonrod & Associates Construction Co I Construction | 5/30/23 | $116,704 |
Foulston Siefkin Llp Legal Services | 5/30/23 | $111,231 |
Alston & Bird Llp Legal Services | 5/30/23 | $106,671 |
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 | $833,679 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $833,679 |
| Total Program Service Revenue | $5,356,219 |
| Investment income | $579,491 |
| 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 | $6,769,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $150,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,367,481 |
| Compensation of current officers, directors, key employees. | $1,206,568 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,947,400 |
| Pension plan accruals and contributions | $205,749 |
| Other employee benefits | $711,766 |
| Payroll taxes | $499,375 |
| Fees for services: Management | $1,232,532 |
| Fees for services: Legal | $275,264 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $24,090 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $68,912 |
| Fees for services: Other | $533,475 |
| Advertising and promotion | $759,545 |
| Office expenses | $159,491 |
| Information technology | $66,329 |
| Royalties | $0 |
| Occupancy | $2,883,208 |
| Travel | $199,274 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $144,393 |
| Interest | $1,057,796 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,062,897 |
| Insurance | $52,367 |
| All other expenses | $1,463,841 |
| Total functional expenses | $21,782,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,186 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $463,141 |
| Accounts receivable, net | $6,350 |
| 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 | $112,957 |
| Net Land, buildings, and equipment | $9,148,040 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $48,351,039 |
| Investments—program-related | $0 |
| Intangible assets | $36,740 |
| Other assets | $31,699,484 |
| Total assets | $90,161,937 |
| Accounts payable and accrued expenses | $2,971,725 |
| Grants payable | $0 |
| Deferred revenue | $15,000,000 |
| 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 | $29,850,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $41,717,145 |
| Total liabilities | $89,538,870 |
| Net assets without donor restrictions | -$163,818 |
| Net assets with donor restrictions | $786,885 |
| 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 | $90,161,937 |