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Nonprofiteer
← UNIVERSITY OF KANSAS MEMORIAL

Form 990 for tax year 2024

Filed by UNIVERSITY OF KANSAS MEMORIAL.

Totals

Total revenue
$42,564,967
Total expenses
$41,346,625
Contributions and grants received
$34,259
Grants paid
$6,647
Program service revenue
$40,143,471
Investment income
$146,306
Other revenue
$2,240,931
Total assets, end of year
$34,473,767
Total liabilities, end of year
$17,026,249
Net assets or fund balances, end of year
$17,447,518
Program services expenses (Part IX)
$40,164,788
Management and general expenses
$1,181,837
Fundraising expenses
$0
Program service expenses (Part III)
$40,164,788

Program services were 97.1% 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.

  • 1f · All other contributions, gifts and grants

    $34,259

  • 2a · Program service revenue: BOOKSTORE AND DINING REVENUE

    total $37,227,051 · related or exempt $36,535,649 · unrelated business $691,402

  • 2b · Program service revenue: STUDENT FEES

    total $2,916,420 · related or exempt $2,916,420

  • 3 · Investment income

    total $122,806 · excluded $122,806

  • 6a · Gross rents

    real property $45,833

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $45,833

  • 6d · Net rental income or loss

    total $45,833 · excluded $45,833

  • 7a · Gross sales of assets other than inventory

    other assets $23,500

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $23,500

  • 7d · Net gain or loss

    total $23,500 · excluded $23,500

  • 11a · Other revenue: BUILDING SERVICE CHARGES

    total $1,373,409 · related or exempt $1,373,409

  • 11b · Other revenue: BEVERAGE CONTRACT INCOME

    total $228,492 · excluded $228,492

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $161,062 · excluded $161,062

  • 11d · All other revenue

    total $432,135 · excluded $432,135

  • 11e · Other revenue, total

    $2,195,098

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $6,647 · program services $6,647

  • 5 · Compensation of officers, directors and key employees

    total $178,537 · management and general $178,537

  • 7 · Other salaries and wages

    total $10,704,186 · program services $10,384,803 · management and general $319,383

  • 8 · Pension plan contributions

    total $292,931 · program services $292,931

  • 9 · Other employee benefits

    total $940,514 · program services $913,672 · management and general $26,842

  • 10 · Payroll taxes

    total $676,534 · program services $638,142 · management and general $38,392

  • 11b · Fees: legal

    total $8,018 · management and general $8,018

  • 11c · Fees: accounting

    total $49,652 · management and general $49,652

  • 11g · Fees: other

    total $1,145,481 · program services $934,942 · management and general $210,539

  • 12 · Advertising and promotion

    total $502,815 · program services $469,321 · management and general $33,494

  • 13 · Office expenses

    total $853,427 · program services $816,587 · management and general $36,840

  • 14 · Information technology

    total $491,696 · program services $425,271 · management and general $66,425

  • 16 · Occupancy

    total $1,771,479 · program services $1,769,603 · management and general $1,876

  • 17 · Travel

    total $244,240 · program services $211,681 · management and general $32,559

  • 19 · Conferences, conventions and meetings

    total $28,058 · program services $24,318 · management and general $3,740

  • 20 · Interest

    total $78,992 · program services $9,819 · management and general $69,173

  • 22 · Depreciation, depletion and amortization

    total $1,330,227 · program services $1,256,022 · management and general $74,205

  • 23 · Insurance

    total $265,166 · program services $264,557 · management and general $609

  • 24a · Other expenses: BOOKSTORE & DINING COST

    total $18,015,262 · program services $18,015,262

  • 24b · Other expenses: UNION & UNIVERSITY SERV

    total $1,184,760 · program services $1,184,760

  • 24c · Other expenses: LEASE & RENTALS

    total $961,368 · program services $957,992 · management and general $3,376

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $604,058 · program services $604,058

  • 24e · All other expenses

    total $1,012,577 · program services $984,400 · management and general $28,177

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,871,049 · end of year $4,939,135

  • 2 · Savings and temporary cash investments

    end of year $4,677,814

  • 4 · Accounts receivable

    beginning of year $4,768,670 · end of year $3,457,238

  • 8 · Inventories for sale or use

    beginning of year $2,578,712 · end of year $2,545,166

  • 9 · Prepaid expenses and deferred charges

    beginning of year $318,539 · end of year $400,859

  • 10a · Land, buildings and equipment: cost or other basis

    $31,666,878

  • 10b · Land, buildings and equipment: accumulated depreciation

    $26,598,208

  • 10c · Land, buildings and equipment, net

    beginning of year $5,696,974 · end of year $5,068,670

  • 15 · Other assets

    beginning of year $14,263,952 · end of year $13,384,885

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,455,625 · end of year $3,005,083

  • 19 · Deferred revenue

    beginning of year $176,986 · end of year $182,212

  • 23 · Secured mortgages and notes payable

    beginning of year $12,131,266 · end of year $10,613,292

  • 25 · Other liabilities

    beginning of year $2,504,843 · end of year $3,225,662

  • 27 · Net assets without donor restrictions

    beginning of year $16,229,176 · end of year $17,447,518

Mission and programs · 2024

Mission

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 DEBRUCE CENTER, RESIDENTIAL DINING HALLS, AND OTHER UNIVERSITY PROPERTIES ON CAMPUS.

Activities or mission (Part I)

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.

  • 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, BURGE UNION, 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 DINING 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.

    Expenses $40,164,788 · Grants $6,647 · Revenue $40,825,478

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Barbara Bichelmeyer

    CHAIR, PROVOST

    Total calculated
    $520,418
    From this org
    $0
    From related orgs
    $464,795
    Other
    $55,623
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $451,416 related
    Bonus
    $0
    Other
    $0 + $13,379 related
    Deferred
    $0 + $29,325 related
    Nontaxable benefits
    $0 + $26,298 related
    Filer's total
    $0 + $520,418 related

  • Tammara Durham

    VICE PROVOST FOR STUDENT AFFAIRS

    Total calculated
    $313,652
    From this org
    $0
    From related orgs
    $263,158
    Other
    $50,494
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,113 related
    Bonus
    $0
    Other
    $0 + $7,045 related
    Deferred
    $0 + $22,855 related
    Nontaxable benefits
    $0 + $27,639 related
    Filer's total
    $0 + $313,652 related

  • Jeffrey Dewitt

    CHIEF FINANCIAL OFFICER

    Total calculated
    $408,844
    From this org
    $0
    From related orgs
    $361,699
    Other
    $47,145
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $338,286 related
    Bonus
    $0
    Other
    $0 + $23,413 related
    Deferred
    $0 + $29,325 related
    Nontaxable benefits
    $0 + $17,820 related
    Filer's total
    $0 + $408,844 related

  • Jason Hornberger

    VICE PROVOST FOR FINANCE

    Total calculated
    $329,670
    From this org
    $0
    From related orgs
    $284,053
    Other
    $45,617
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $276,079 related
    Bonus
    $0
    Other
    $0 + $7,974 related
    Deferred
    $0 + $25,106 related
    Nontaxable benefits
    $0 + $20,511 related
    Filer's total
    $0 + $329,670 related

  • Jack Kredo

    EXECUTIVE DIRECTOR, KU MEMORIAL UNIONS

    Total calculated
    $170,788
    From this org
    $142,615
    From related orgs
    $0
    Other
    $28,173
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,615
    Bonus
    $0
    Other
    $0
    Deferred
    $8,409
    Nontaxable benefits
    $19,764
    Filer's total
    $170,788

  • Jessica Boyle

    DIRECTOR, HR (TERM END 4/25)

    Total calculated
    $137,540
    From this org
    $107,184
    From related orgs
    $0
    Other
    $30,356
    Hours/week
    40

  • Bailee Myers

    DIRECTOR, MARKETING AND PROGRAMS

    Total calculated
    $83,919
    From this org
    $77,940
    From related orgs
    $0
    Other
    $5,979
    Hours/week
    40

  • Alex Todd

    DIRECTOR, KU BOOKSTORE

    Total calculated
    $120,296
    From this org
    $93,393
    From related orgs
    $0
    Other
    $26,903
    Hours/week
    40

  • Lindsay Robinson

    DIRECTOR, DINING

    Total calculated
    $122,795
    From this org
    $95,721
    From related orgs
    $0
    Other
    $27,074
    Hours/week
    40

  • Brian Broxterman

    DIRECTOR, BUILDING SERVICES

    Total calculated
    $131,728
    From this org
    $106,399
    From related orgs
    $0
    Other
    $25,329
    Hours/week
    40

  • Mike Ayres

    DIRECTOR, FINANCES

    Total calculated
    $45,757
    From this org
    $44,135
    From related orgs
    $0
    Other
    $1,622
    Hours/week
    40

  • Emma Saville

    BOARD MEMBER (TERM END 12/24)

    Total calculated
    $0
    Hours/week
    1

  • Sloane Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Megan Stopperan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Branden Falen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Cohen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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)

PART I, LINE 3
COMPENSATION FOR THE DIRECTOR OF THE UNIVERSITY OF KANSAS MEMORIAL CORPORATION IS ESTABLISHED BY A RELATED ENTITY, THE UNIVERSITY OF KANSAS. THE COMPENSATION SETTING PRACTICE UTILIZED BY THE UNIVERSITY INCLUDES AN INDEPENDENT COMPENSATION CONSULTANT AND A SALARY SURVEY, AS WELL AS A JOB PERFORMANCE REVIEW AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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.

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 SCIENCE DEVELOPMENT COMPANY INC

    C · INVESTING · KS

    Directly controlled by UNIVERSITY OF KANSAS

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2026
IRS schema version
2024v5.5
Source object
202601349349309820

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