Form 990 for tax year 2022
Filed by BIOSCIENCE & TECHNOLOGY BUSINESS CENTER INC.
Totals
- Total revenue
- $13,851,598
- Total expenses
- $4,239,161
- Contributions and grants received
- $11,670,231
- Grants paid
- $0
- Program service revenue
- $2,154,080
- Investment income
- $1,187
- Other revenue
- $26,100
- Total assets, end of year
- $44,485,182
- Total liabilities, end of year
- $25,632,483
- Net assets or fund balances, end of year
- $18,852,699
- Program services expenses (Part IX)
- $4,041,210
- Management and general expenses
- $197,951
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 95.3% 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.
-
1e · Government grants (contributions)
$10,182,032
-
1f · All other contributions, gifts and grants
$1,488,199
-
2a · Program service revenue: RENTAL INCOME
total $1,632,866 · related or exempt $1,632,866
-
2b · Program service revenue: MANAGEMENT FEE INCOME
total $255,500 · related or exempt $255,500
-
2c · Program service revenue: ADVISORY SERVICE
total $205,274 · related or exempt $205,274
-
2d · Program service revenue: INTERNET AND PHONE INCOME
total $34,040 · related or exempt $34,040
-
2e · Program service revenue: CONTRACTUAL SERVICE
total $26,400 · related or exempt $26,400
-
3 · Investment income
total $1,187 · excluded $1,187
-
11a · Other revenue: REIMBURSED EXPENSES
total $26,100 · related or exempt $26,100
-
11e · Other revenue, total
$26,100
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $460,079 · program services $441,675 · management and general $18,404
-
7 · Other salaries and wages
total $417,163 · program services $403,671 · management and general $13,492
-
8 · Pension plan contributions
total $47,439 · program services $40,662 · management and general $6,777
-
10 · Payroll taxes
total $63,979 · program services $54,839 · management and general $9,140
-
11a · Fees: management
total $65,505 · program services $20,649 · management and general $44,856
-
11b · Fees: legal
total $11,509 · management and general $11,509
-
11c · Fees: accounting
total $18,448 · management and general $18,448
-
11g · Fees: other
total $5,571 · management and general $5,571
-
12 · Advertising and promotion
total $45,177 · management and general $45,177
-
14 · Information technology
total $32,146 · program services $20,412 · management and general $11,734
-
16 · Occupancy
total $1,640,035 · program services $1,639,078 · management and general $957
-
17 · Travel
total $9,059 · management and general $9,059
-
20 · Interest
total $559,174 · program services $559,174
-
22 · Depreciation, depletion and amortization
total $690,885 · program services $690,885
-
23 · Insurance
total $146,318 · program services $143,491 · management and general $2,827
-
24a · Other expenses: GRANT EXPENSE
total $15,834 · program services $15,834
-
24b · Other expenses: BUSINESS RELATIONS
total $10,840 · program services $10,840
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $49,327 · end of year $343,608
-
2 · Savings and temporary cash investments
beginning of year $2,013,330 · end of year $5,095,376
-
4 · Accounts receivable
beginning of year $615,866 · end of year $538,225
-
5 · Loans and receivables from officers and key people
beginning of year $254,050 · end of year $294,439
-
9 · Prepaid expenses and deferred charges
beginning of year $48,926 · end of year $45,702
-
10a · Land, buildings and equipment: cost or other basis
$43,064,634
-
10b · Land, buildings and equipment: accumulated depreciation
$5,208,699
-
10c · Land, buildings and equipment, net
beginning of year $26,760,730 · end of year $37,855,935
-
15 · Other assets
beginning of year $369,309 · end of year $311,897
-
17 · Accounts payable and accrued expenses
beginning of year $3,758,348 · end of year $1,727,490
-
19 · Deferred revenue
beginning of year $761,625 · end of year $112,319
-
23 · Secured mortgages and notes payable
beginning of year $15,274,554 · end of year $23,461,315
-
25 · Other liabilities
beginning of year $1,026,749 · end of year $331,359
-
27 · Net assets without donor restrictions
beginning of year $9,290,262 · end of year $18,852,699
Mission and programs · 2022
Mission
THE ORGANIZATION'S MISSION IS TO CREATE, RECRUIT, GROW AND RETAIN TECHNOLOGY AND BIOSCIENCE BUSINESSES IN NORTHEAST KANSAS WITH THE ULTIMATE VISION TO BUILD A MORE MODERN, RESILIENT AND DIVERSE REGIONAL ECONOMY.
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IN 2022, THE BIOSCIENCE AND TECHNOLOGY BUSINESS CENTER (BTBC) WAS ABLE TO ACCOMPLISH ITS STATED GOALS IN MULTIPLE AREAS INCLUDING OPENING OF ITS NEWEST BUILDING, THE 66,000 SQUARE FOOT BUILDING PHASE III DEVELOPMENT OPENED IN AUGUST OF 2022. THE PARK CONTINUED ITS MISSION TO CREATE, RECRUIT, GROW, AND RETAIN ADDITIONAL HIGH POTENTIAL COMPANIES TO THE PARK INCLUDING ITS NEW PHASE III BUILDING. IT WILL GENERATE SPACE FOR AN ADDITIONAL 12-18 COMPANIES WITH 200-250 JOBS. THE ORGANIZATION STRIVES TO SERVE AS THE LEAD BUSINESS AND ECONOMIC DEVELOPMENT CONTACT FOR LIFE SCIENCES AND TECHNOLOGY COMPANIES INTERESTED IN DOING BUSINESS IN THE LAWRENCE AND DOUGLAS COUNTY REGION. THE PARK SEEKS TO SERVE THE NEEDS OF LIFE SCIENCES AND TECHNOLOGY COMPANIES BY PROVIDING 1) SPECIALIZED LABORATORY AND OFFICE SPACE ON THE UNIVERSITY OF KANSAS WEST CAMPUS, 2) BUSINESS DEVELOPMENT SERVICES, 3) COLLABORATIVE RESEARCH PROJECTS WITH THE UNIVERSITY OF KANSAS, 4) RECRUITMENT AND RELOCATION ASSISTANCE, 5) ACCESS TO CAPITAL, AND 6) ACCESS TO THE VAST BTBC NETWORK OF RESOURCES.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Derek KwanDEREK KWAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Bart LittlejohnBART LITTLEJOHN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Karen WilleyKAREN WILLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Douglas GirodDOUGLAS GIROD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bonnie LoweBONNIE LOWE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Craig OwensCRAIG OWENS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
E Laverne EppE LAVERNE EPP
EXECUTIVE CH
- Total calculated
- $226,754
- From this org
- $215,417
- From related orgs
- $0
- Other
- $11,337
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $215,417
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $11,337
- Filer's total
- $226,754
-
Robert JohnsonROBERT JOHNSON
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Valentino J StellaVALENTINO J STELLA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Robert SimariROBERT SIMARI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sarah PlinskySARAH PLINSKY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Adam CourtneyADAM COURTNEY
VP FINANCE
- Total calculated
- $197,126
- From this org
- $190,089
- From related orgs
- $0
- Other
- $7,037
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $190,089
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $7,037
- Filer's total
- $197,126
-
Robert KnappROBERT KNAPP
EXEC VP OF C
- Total calculated
- $58,012
- From this org
- $54,573
- From related orgs
- $0
- Other
- $3,439
- Hours/week
- 40
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 · 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
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.
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LAWRENCE REGIONAL TECHNOLOGY CENTER
501C3 · SERVICE · 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.
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KAW INC
C CORP · MANAGEMENT · KS · 100% owned · share of income -$4,576 · share of assets $1,076,377 · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 1 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349305022
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