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Nonprofiteer
← WICHITA STATE INNOVATION ALLIANCE INC

Form 990 for tax year 2024

Filed by WICHITA STATE INNOVATION ALLIANCE INC.

Totals

Total revenue
$3,428,809
Total expenses
$3,790,572
Contributions and grants received
$2,500,000
Grants paid
$0
Program service revenue
$0
Investment income
$20,856
Other revenue
$907,953
Total assets, end of year
$42,005,417
Total liabilities, end of year
$40,352,062
Net assets or fund balances, end of year
$1,653,355
Program services expenses (Part IX)
$3,790,572
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$3,790,572

Program services were 100.0% 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

    $2,500,000

  • 3 · Investment income

    total $20,856 · excluded $20,856

  • 6a · Gross rents

    real property $4,515,415

  • 6b · Less rental expenses

    real property $4,769,197

  • 6c · Rental income or loss

    real property -$253,782

  • 6d · Net rental income or loss

    total -$253,782 · related or exempt -$253,782

  • 11a · Other revenue: MISCELLANEOUS

    total $611,062 · related or exempt $611,062

  • 11b · Other revenue: LICENSING FEES

    total $361,751 · related or exempt $361,751

  • 11c · Other revenue: LEASE INTEREST

    total $188,922 · related or exempt $188,922

  • 11e · Other revenue, total

    $1,161,735

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $11,100 · program services $11,100

  • 11g · Fees: other

    total $302,423 · program services $302,423

  • 15 · Royalties

    total $287,815 · program services $287,815

  • 23 · Insurance

    total $31,960 · program services $31,960

  • 24a · Other expenses: TRANSFER OF PROPERTY A

    total $2,599,858 · program services $2,599,858

  • 24b · Other expenses: TAXES

    total $280,504 · program services $280,504

  • 24c · Other expenses: OTHER

    total $190,818 · program services $190,818

  • 24d · Other expenses: CONTRACTUAL EXPENSES

    total $86,094 · program services $86,094

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,262,047 · end of year $2,275,779

  • 2 · Savings and temporary cash investments

    end of year $2,948,959

  • 4 · Accounts receivable

    beginning of year $1,165,620 · end of year $1,309,374

  • 9 · Prepaid expenses and deferred charges

    beginning of year $69,661 · end of year $16,608

  • 12 · Investments: other securities

    beginning of year $1,000 · end of year $1,000

  • 15 · Other assets

    beginning of year $34,534,370 · end of year $35,453,697

  • 19 · Deferred revenue

    beginning of year $12,663,670 · end of year $9,960,477

  • 25 · Other liabilities

    beginning of year $26,353,910 · end of year $30,391,585

  • 27 · Net assets without donor restrictions

    beginning of year $2,015,118 · end of year $1,653,355

Mission and programs · 2024

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES TO CONDUCT SUPPORTING ACTIVITIES FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF WICHITA STATE UNIVERSITY AND DESIGNATED AFFILIATES.

  • SUPPLYING NECESSARY SERVICES AND OTHER SUPPORT TO WICHITA STATE UNIVERSITY AND AFFILIATES.

    Expenses $3,790,572

As filed on the 2024 return.

Listed in Part VII

  • John Tomblin

    PRESIDENT

    Total calculated
    $1,210,111
    From this org
    $24,782
    From related orgs
    $1,119,192
    Other
    $66,137
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,119,192 related
    Bonus
    $0
    Other
    $24,782
    Deferred
    $0 + $41,893 related
    Nontaxable benefits
    $0 + $24,244 related
    Filer's total
    $24,782 + $1,185,329 related

  • Scott Redler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pierre Harter

    DIRECTOR

    Total calculated
    $426,712
    From this org
    $0
    From related orgs
    $380,417
    Other
    $46,295
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $380,417 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $29,325 related
    Nontaxable benefits
    $0 + $16,970 related
    Filer's total
    $0 + $426,712 related

  • Andy Schlapp

    SECRETARY, TREASURER

    Total calculated
    $495,448
    From this org
    $0
    From related orgs
    $448,091
    Other
    $47,357
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $448,091 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $29,325 related
    Nontaxable benefits
    $0 + $18,032 related
    Filer's total
    $0 + $495,448 related

  • Rick Muma

    CHAIR

    Total calculated
    $830,313
    From this org
    $0
    From related orgs
    $781,888
    Other
    $48,425
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $781,888 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $29,325 related
    Nontaxable benefits
    $0 + $19,100 related
    Filer's total
    $0 + $830,313 related

  • Mehmet Bayram Yildirim

    DIRECTOR

    Total calculated
    $259,542
    From this org
    $0
    From related orgs
    $223,926
    Other
    $35,616
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $223,926 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,967 related
    Nontaxable benefits
    $0 + $15,649 related
    Filer's total
    $0 + $259,542 related

  • Ebony Clemons-Ajibolade

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Telly McGaha

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anthony Muscat

    DIRECTOR

    Total calculated
    $321,736
    From this org
    $0
    From related orgs
    $281,400
    Other
    $40,336
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $281,400 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $24,246 related
    Nontaxable benefits
    $0 + $16,090 related
    Filer's total
    $0 + $321,736 related

  • Kriya Shortt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lois Tatro

    CFO

    Total calculated
    $302,591
    From this org
    $0
    From related orgs
    $264,051
    Other
    $38,540
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,051 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $29,325 related
    Nontaxable benefits
    $0 + $9,215 related
    Filer's total
    $0 + $302,591 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

None.

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

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.

  • WSIA INVESTMENTS CORPORATION

    C · TO OWN AND MANAGE COMMERCIAL INTERESTS REGARDING RESEARCH · KS · 100% owned

Provenance

Return type
form_990
Tax year
2024
Filed
22 April 2026
IRS schema version
2024v5.5
Source object
202601189349301120

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