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Nonprofiteer
← UNIVERSITY OF KANSAS MEMORIAL

Form 990 for tax year 2023

Filed by UNIVERSITY OF KANSAS MEMORIAL.

Totals

Total revenue
$41,564,322
Total expenses
$38,931,570
Contributions and grants received
$30,774
Grants paid
$0
Program service revenue
$38,568,998
Investment income
$178,816
Other revenue
$2,785,734
Total assets, end of year
$34,497,896
Total liabilities, end of year
$18,268,720
Net assets or fund balances, end of year
$16,229,176
Program services expenses (Part IX)
$37,923,155
Management and general expenses
$1,008,415
Fundraising expenses
$0
Program service expenses (Part III)
$37,923,155

Program services were 97.4% 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

    $30,774

  • 2a · Program service revenue: Bookstore & Dining Revenue

    total $35,609,052 · related or exempt $34,938,919 · unrelated business $670,133

  • 2b · Program service revenue: STUDENT FEES

    total $2,959,946 · related or exempt $2,959,946

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $178,816 · excluded $178,816

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: BUILDING SERVICE CHARGES

    total $1,461,137 · related or exempt $1,461,137

  • 11b · Other revenue: BEVERAGE CONTRACT INCOME

    total $215,639 · excluded $215,639

  • 11c · Other revenue: Commerce Shipping Income

    total $99,717 · excluded $99,717

  • 11d · All other revenue

    total $1,009,241 · related or exempt $0 · unrelated business $0 · excluded $1,009,241

  • 11e · Other revenue, total

    $2,785,734

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $226,803 · management and general $226,803 · fundraising $0

  • 7 · Other salaries and wages

    total $9,975,338 · program services $9,861,400 · management and general $113,938

  • 8 · Pension plan contributions

    total $236,728 · program services $208,092 · management and general $28,636

  • 9 · Other employee benefits

    total $1,222,821 · program services $1,180,399 · management and general $42,422

  • 10 · Payroll taxes

    total $567,340 · program services $545,445 · management and general $21,895

  • 11b · Fees: legal

    total $46,402 · program services $4,652 · management and general $41,750

  • 11c · Fees: accounting

    total $142,489 · program services $64,981 · management and general $77,508

  • 11g · Fees: other

    total $591,569 · program services $581,031 · management and general $10,538 · fundraising $0

  • 12 · Advertising and promotion

    total $264,946 · program services $253,939 · management and general $11,007

  • 13 · Office expenses

    total $1,997,312 · program services $1,971,215 · management and general $26,097

  • 14 · Information technology

    total $523,449 · program services $410,834 · management and general $112,615

  • 16 · Occupancy

    total $2,023,100 · program services $2,006,547 · management and general $16,553

  • 17 · Travel

    total $78,646 · program services $66,499 · management and general $12,147

  • 20 · Interest

    total $200,703 · program services $40,925 · management and general $159,778

  • 22 · Depreciation, depletion and amortization

    total $1,499,178 · program services $1,407,201 · management and general $91,977

  • 23 · Insurance

    total $244,575 · program services $239,289 · management and general $5,286

  • 24a · Other expenses: Bookstore & Dining Cost of Goods Sold

    total $17,115,772 · program services $17,115,772

  • 24b · Other expenses: Commissions

    total $571,568 · program services $571,568

  • 24c · Other expenses: University Assessment

    total $533,471 · program services $533,471

  • 24d · Other expenses: Supplies

    total $419,329 · program services $409,871 · management and general $9,458

  • 24e · All other expenses

    total $450,031 · program services $450,024 · management and general $7 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,168,450 · end of year $6,871,049

  • 4 · Accounts receivable

    beginning of year $3,870,949 · end of year $4,768,670

  • 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

  • 8 · Inventories for sale or use

    beginning of year $2,703,361 · end of year $2,578,712

  • 9 · Prepaid expenses and deferred charges

    beginning of year $271,338 · end of year $318,539

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

    $31,368,455

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

    $25,671,481

  • 10c · Land, buildings and equipment, net

    beginning of year $6,562,223 · end of year $5,696,974

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $15,089,078 · end of year $14,263,952

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,384,231 · end of year $3,455,625

  • 19 · Deferred revenue

    beginning of year $133,972 · end of year $176,986

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $13,975,916 · end of year $12,131,266

  • 25 · Other liabilities

    beginning of year $1,574,856 · end of year $2,504,843

  • 27 · Net assets without donor restrictions

    beginning of year $13,596,424 · end of year $16,229,176

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

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 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, 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 dinning 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 $37,923,155 · Revenue $39,360,002

As filed on the 2023 return.

Listed in Part VII

  • Adi Cornalli

    President (beg May 2024)

    Total calculated
    $0
    Hours/week
    1

  • Bailee Myers

    Secretary, Director of Marketing & Programs

    Total calculated
    $73,003
    From this org
    $63,851
    From related orgs
    $0
    Other
    $9,152
    Hours/week
    40

  • Jack Kredo

    Interim Executive Director (Beg April 2024)

    Total calculated
    $0
    Hours/week
    40

  • JJ O'Toole-Curran

    Interim Director, KU Memorial Union (thru April 2024)

    Total calculated
    $148,677
    From this org
    $143,227
    From related orgs
    $0
    Other
    $5,450
    Hours/week
    40

  • Katrina Yoakum

    KU Comptroller, Treasurer

    Total calculated
    $207,198
    From this org
    $0
    From related orgs
    $172,136
    Other
    $35,062
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $170,540 related
    Bonus
    $0
    Other
    $0 + $1,596 related
    Deferred
    $0 + $15,289 related
    Nontaxable benefits
    $0 + $19,773 related
    Filer's total
    $0 + $207,198 related

  • Tammara Durham

    Vice President & Board Member

    Total calculated
    $294,398
    From this org
    $0
    From related orgs
    $245,539
    Other
    $48,859
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $238,592 related
    Bonus
    $0
    Other
    $0 + $6,947 related
    Deferred
    $0 + $21,938 related
    Nontaxable benefits
    $0 + $26,921 related
    Filer's total
    $0 + $294,398 related

  • thanh nguyen

    President (thru May 2024)

    Total calculated
    $5,123
    From this org
    $5,123
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Ashley Herda

    Board Member

    Total calculated
    $114,618
    From this org
    $0
    From related orgs
    $81,600
    Other
    $33,018
    Hours/week
    1

  • Brendan Falen

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Chris Rosetti

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Craig Penzler

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • DaNae Estabine

    Board Member

    Total calculated
    $651
    From this org
    $0
    From related orgs
    $651
    Other
    $0
    Hours/week
    1

  • Emma Saville

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Hoang Viet Le

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Hollie Hall

    Board Member

    Total calculated
    $901
    From this org
    $0
    From related orgs
    $901
    Other
    $0
    Hours/week
    1

  • Isabelle Carrolle

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jordan Gill

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kevin Barnes

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Lori Piening

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mark Best

    Board Member

    Total calculated
    $186,465
    From this org
    $0
    From related orgs
    $154,672
    Other
    $31,793
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $122,307 related
    Bonus
    $0
    Other
    $0 + $32,365 related
    Deferred
    $0 + $13,096 related
    Nontaxable benefits
    $0 + $18,697 related
    Filer's total
    $0 + $186,465 related

  • Michael Gentry

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Paul Wise

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Sanjay Mishra

    Board Member

    Total calculated
    $187,458
    From this org
    $0
    From related orgs
    $149,377
    Other
    $38,081
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $148,171 related
    Bonus
    $0
    Other
    $0 + $1,206 related
    Deferred
    $0 + $13,477 related
    Nontaxable benefits
    $0 + $24,604 related
    Filer's total
    $0 + $187,458 related

  • Selia Walton

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Simrah Javed

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Sloane Smith

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Steve Munch

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Taylor Schmidt

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Turner Seals

    Board Member

    Total calculated
    $1,782
    From this org
    $0
    From related orgs
    $1,782
    Other
    $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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
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 Corporation · investing · KS · 0% owned · share of income $0 · share of assets $0

    Directly controlled by university of kansas

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202521339349308692

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