Form 990 for tax year 2023
Filed by KU CENTER FOR TECHNOLOGY COMMERCIALIZATION INC.
Totals
- Total revenue
- $5,353,875
- Total expenses
- $4,341,552
- Contributions and grants received
- $1,774,716
- Grants paid
- $0
- Program service revenue
- $2,422,863
- Investment income
- $0
- Other revenue
- $1,156,296
- Total assets, end of year
- $1,519,237
- Total liabilities, end of year
- $760,300
- Net assets or fund balances, end of year
- $758,937
- Program services expenses (Part IX)
- $4,106,352
- Management and general expenses
- $235,200
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,106,352
Program services were 94.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$1,774,716
-
2a · Program service revenue: TECHNOLOGY REVENUE
total $2,422,863 · related or exempt $2,422,863
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11a · Other revenue: PARTNERSHIP INCOME - K-1S
total $1,155,929 · related or exempt $0 · unrelated business $1,155,929 · excluded $0
-
11d · All other revenue
total $367 · related or exempt $367 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$1,156,296
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $0 · program services $0
-
7 · Other salaries and wages
total $827,684 · program services $744,916 · management and general $82,768
-
8 · Pension plan contributions
total $62,191 · program services $55,972 · management and general $6,219
-
9 · Other employee benefits
total $86,987 · program services $78,288 · management and general $8,699
-
10 · Payroll taxes
total $51,974 · program services $46,777 · management and general $5,197
-
11b · Fees: legal
total $985,106 · program services $886,595 · management and general $98,511
-
11g · Fees: other
total $584,692 · program services $570,544 · management and general $14,148 · fundraising $0
-
13 · Office expenses
total $150,791 · program services $135,712 · management and general $15,079
-
15 · Royalties
total $1,546,341 · program services $1,546,341
-
17 · Travel
total $15,581 · program services $14,023 · management and general $1,558
-
19 · Conferences, conventions and meetings
total $4,186 · program services $3,767 · management and general $419
-
24a · Other expenses: DUES, MEMBERSHIPS & SUBSCRIPTIONS
total $26,019 · program services $23,417 · management and general $2,602 · fundraising $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $856,027 · end of year $1,229,073
-
4 · Accounts receivable
beginning of year $489,848 · end of year $15,907
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$16,000
-
10b · Land, buildings and equipment: accumulated depreciation
$16,000
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $224,872 · end of year $274,257
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $425,510 · end of year $539,705
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $292,078 · end of year $220,595
-
27 · Net assets without donor restrictions
beginning of year $853,159 · end of year $758,937
Mission and programs · 2023
Mission
KUCTC IS ORGANIZED TO FACILITATE AND SUPPORT THE RESEARCH AND TECHNOLOGY TRANSFER OPERATIONS OF THE UNIVERSITY OF KANSAS AND ITS AFFILIATED TAX-EXEMPT RESEARCH CORPORATIONS OR OTHER TAX EXEMPT ORGANIZATIONS QUALIFIED UNDER SECTION 501(C)(3) OF THE IRS CODE.
Activities or mission (Part I)
THE MISSION OF KUCTC IS TO MAXIMIZE THE IMPACT OF THE UNIVERSITY INTELLECTUAL PROPERTY FOR THE BENEFIT OF THE UNIVERSITY AND SOCIETY.
-
PROMOTING AND AIDING IN THE FULFILLMENT OF THE SCIENTIFIC RESEARCH, EDUCATIONAL, AND SERVICE FUNCTIONS OF THE UNIVERSITY OF KANSAS MEDICAL CENTER.
Expenses $4,106,352 · Revenue $2,423,230
As filed on the 2023 return.
Listed in Part VII
-
Barbara BichelmeyerBARBARA BICHELMEYER
DIRECTOR
- Total calculated
- $508,204
- From this org
- $0
- From related orgs
- $454,612
- Other
- $53,592
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $441,358 related
- Bonus
- $0
- Other
- $0 + $13,254 related
- Deferred
- $0 + $28,050 related
- Nontaxable benefits
- $0 + $25,542 related
- Filer's total
- $0 + $508,204 related
-
Belinda SturmBELINDA STURM
DIRECTOR
- Total calculated
- $214,861
- From this org
- $0
- From related orgs
- $168,958
- Other
- $45,903
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $168,642 related
- Bonus
- $0
- Other
- $0 + $316 related
- Deferred
- $0 + $15,673 related
- Nontaxable benefits
- $0 + $30,230 related
- Filer's total
- $0 + $214,861 related
-
David VranicarDAVID VRANICAR
DIRECTOR
- Total calculated
- $579,845
- From this org
- $0
- From related orgs
- $523,981
- Other
- $55,864
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $491,639 related
- Bonus
- $0
- Other
- $0 + $32,342 related
- Deferred
- $0 + $28,050 related
- Nontaxable benefits
- $0 + $27,814 related
- Filer's total
- $0 + $579,845 related
-
Doug GirodDOUG GIROD
DIRECTOR
- Total calculated
- $1,099,110
- From this org
- $0
- From related orgs
- $978,588
- Other
- $120,522
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $793,012 related
- Bonus
- $0
- Other
- $0 + $185,576 related
- Deferred
- $0 + $40,071 related
- Nontaxable benefits
- $0 + $80,451 related
- Filer's total
- $0 + $1,099,110 related
-
Jeff DewittJEFF DEWITT
TREASURER
- Total calculated
- $398,474
- From this org
- $0
- From related orgs
- $353,294
- Other
- $45,180
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $329,979 related
- Bonus
- $0
- Other
- $0 + $23,315 related
- Deferred
- $0 + $28,050 related
- Nontaxable benefits
- $0 + $17,130 related
- Filer's total
- $0 + $398,474 related
-
Matthias SalatheMATTHIAS SALATHE
SECRETARY
- Total calculated
- $487,443
- From this org
- $0
- From related orgs
- $445,344
- Other
- $42,099
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $427,238 related
- Bonus
- $0
- Other
- $0 + $18,106 related
- Deferred
- $0 + $28,050 related
- Nontaxable benefits
- $0 + $14,049 related
- Filer's total
- $0 + $487,443 related
-
Scott WeirSCOTT WEIR
DIRECTOR
- Total calculated
- $399,988
- From this org
- $0
- From related orgs
- $348,340
- Other
- $51,648
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $319,741 related
- Bonus
- $0
- Other
- $0 + $28,599 related
- Deferred
- $0 + $28,050 related
- Nontaxable benefits
- $0 + $23,598 related
- Filer's total
- $0 + $399,988 related
-
Tricia BergmanTRICIA BERGMAN
DIRECTOR
- Total calculated
- $201,454
- From this org
- $0
- From related orgs
- $174,809
- Other
- $26,645
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $173,131 related
- Bonus
- $0
- Other
- $0 + $1,678 related
- Deferred
- $0 + $14,839 related
- Nontaxable benefits
- $0 + $11,806 related
- Filer's total
- $0 + $201,454 related
-
Clifford MichaelsCLIFFORD MICHAELS
EXECUTIVE DIRECTOR, KUCTC
- Total calculated
- $349,362
- From this org
- $313,849
- From related orgs
- $0
- Other
- $35,513
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $272,949
- Bonus
- $0
- Other
- $40,900
- Deferred
- $23,500
- Nontaxable benefits
- $12,013
- Filer's total
- $349,362
-
Bridget StullBRIDGET STULL
DIRECTOR OF OPERATIONS, KUCTC
- Total calculated
- $130,851
- From this org
- $101,404
- From related orgs
- $0
- Other
- $29,447
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $93,892
- Bonus
- $7,512
- Other
- $0
- Deferred
- $8,609
- Nontaxable benefits
- $20,838
- Filer's total
- $130,851
-
Lisa HoebelheinrichLISA HOEBELHEINRICH
FORMER DIRECTOR
- Total calculated
- $422,329
- From this org
- $0
- From related orgs
- $367,153
- Other
- $55,176
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $325,461 related
- Bonus
- $0
- Other
- $0 + $41,692 related
- Deferred
- $0 + $28,050 related
- Nontaxable benefits
- $0 + $27,126 related
- Filer's total
- $0 + $422,329 related
-
Paul TolerPAUL TOLER
FORMER OFFICER
- Total calculated
- $245,661
- From this org
- $0
- From related orgs
- $203,885
- Other
- $41,776
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $203,885 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $17,208 related
- Nontaxable benefits
- $0 + $24,568 related
- Filer's total
- $0 + $245,661 related
-
Robert SimariROBERT SIMARI
FORMER DIRECTOR
- Total calculated
- $848,377
- From this org
- $0
- From related orgs
- $793,908
- Other
- $54,469
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $728,849 related
- Bonus
- $0
- Other
- $0 + $65,059 related
- Deferred
- $0 + $28,050 related
- Nontaxable benefits
- $0 + $26,419 related
- Filer's total
- $0 + $848,377 related
-
Simon AtkinsonSIMON ATKINSON
FORMER DIRECTOR
- Total calculated
- $414,358
- From this org
- $0
- From related orgs
- $372,739
- Other
- $41,619
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $332,508 related
- Bonus
- $0
- Other
- $0 + $40,231 related
- Deferred
- $0 + $28,050 related
- Nontaxable benefits
- $0 + $13,569 related
- Filer's total
- $0 + $414,358 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Form 990 of other organizations
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Schedule J, Part II RELATED ORGANIZATION COMPENSATION
- ALL DIRECTOR AND OFFICER COMPENSATION WAS PAID FOR BY THE UNIVERSITY OF KANSAS MEDICAL CENTER, A RELATED ORGANIZATION.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
UNIVERSITY OF KANSAS
501(c)(1) · EDUCATION · KS
Directly controlled by NA
-
UNIV OF KS MED CTR RESEARCH INSITUTE
501(c)(3) · SUPPORTS · KS · controlled entity
Directly controlled by KUMC
-
STUDENT UNION CORP OF UNIV OF KS MED CTR
501(c)(3) · RETAIL · KS · controlled entity
Directly controlled by UNIV OF KS
-
UNIV OF KS MED CTR RESEARCH PROPERTIES
501(c)(2) · REAL ESTATE · KS · controlled entity
Directly controlled by KUMC RI
-
UNIVERSITY OF KANSAS MEMORIAL CORP
501(c)(3) · RETAIL · KS · controlled entity
Directly controlled by UNIV OF KS
-
UNIVERSITY OF KANSAS CENTER FOR RESEARCH
501(c)(3) · ADMIN · KS · controlled entity
Directly controlled by UNIV OF KS
-
501(c)(3) · HEALTHCARE · KS · controlled entity
Directly controlled by UNIV OF KS
-
UNIVERSITY OF KS MEDICAL CENTER
501(c)(1) · MEDICAL CTR · KS · controlled entity
Directly controlled by UNIV OF KS
-
501(c)(3) · ATHLETICS · KS · controlled entity
Directly controlled by UNIV OF KS
-
KU CAMPUS DEVELOPMENT CORP
501(c)(1) · REDEVELOPMENT · KS · controlled entity
Directly controlled by UNIV OF KS
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
KANSAS LIFE SCIENCES DEVELOPMENT CO INC
C Corporation · INVESTMENTS · KS · controlled entity
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531339349308183
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