Skip to content
Nonprofiteer
← KANSAS STATE UNIVERSITY RESEARCH FOUNDATION

Form 990 for tax year 2023

Filed by KANSAS STATE UNIVERSITY RESEARCH FOUNDATION.

Totals

Total revenue
$6,200,046
Total expenses
$7,759,329
Contributions and grants received
$2,111,420
Grants paid
$446,000
Program service revenue
$3,722,702
Investment income
$500,340
Other revenue
-$134,416
Total assets, end of year
$17,425,186
Total liabilities, end of year
$6,760,865
Net assets or fund balances, end of year
$10,664,321
Program services expenses (Part IX)
$6,929,404
Management and general expenses
$829,925
Fundraising expenses
$0
Program service expenses (Part III)
$6,929,404

Program services were 89.3% 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)

    $2,111,351

  • 1f · All other contributions, gifts and grants

    $69

  • 2a · Program service revenue: ROYALTIES

    total $3,158,156 · related or exempt $3,122,876 · unrelated business $35,280

  • 2b · Program service revenue: OTHER

    total $289,157 · related or exempt $289,157

  • 2c · Program service revenue: LEGAL REIMBURSEMENTS

    total $244,698 · related or exempt $244,698

  • 2d · Program service revenue: MAINTENANCE FEE REIMBU

    total $30,691 · related or exempt $30,691

  • 3 · Investment income

    total $515,027 · excluded $515,027

  • 7a · Gross sales of assets other than inventory

    other assets $1,502

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

    securities $15,343 · other assets $846

  • 7c · Gain or loss

    securities -$15,343 · other assets $656

  • 7d · Net gain or loss

    total -$14,687 · related or exempt -$14,687

  • 11a · Other revenue: S CORPORATION INCOME

    total $18,388 · unrelated business $18,388

  • 11b · Other revenue: PARTNERSHIP INCOME

    total -$152,804 · unrelated business -$152,804

  • 11e · Other revenue, total

    -$134,416

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $446,000 · program services $446,000

  • 5 · Compensation of officers, directors and key employees

    total $982,897 · program services $706,603 · management and general $276,294

  • 7 · Other salaries and wages

    total $1,456,845 · program services $1,047,324 · management and general $409,521

  • 11b · Fees: legal

    total $665,753 · program services $665,753

  • 11c · Fees: accounting

    total $19,905 · program services $1,000 · management and general $18,905

  • 11f · Fees: investment management

    total $15,689 · management and general $15,689

  • 11g · Fees: other

    total $2,376,688 · program services $2,376,688

  • 12 · Advertising and promotion

    total $5,511 · program services $5,511

  • 13 · Office expenses

    total $12,001 · program services $318 · management and general $11,683

  • 14 · Information technology

    total $21,130 · program services $14,373 · management and general $6,757

  • 15 · Royalties

    total $1,544,571 · program services $1,544,571

  • 16 · Occupancy

    total $57,058 · program services $1,328 · management and general $55,730

  • 17 · Travel

    total $31,655 · program services $21,828 · management and general $9,827

  • 19 · Conferences, conventions and meetings

    total $13,534 · program services $6,404 · management and general $7,130

  • 22 · Depreciation, depletion and amortization

    total $3,311 · management and general $3,311

  • 23 · Insurance

    total $5,476 · management and general $5,476

  • 24a · Other expenses: SPONSORSHIP

    total $78,563 · program services $78,563

  • 24b · Other expenses: MISCELLANEOUS

    total $16,427 · program services $11,900 · management and general $4,527

  • 24c · Other expenses: DUES

    total $6,015 · program services $940 · management and general $5,075

  • 24d · Other expenses: BAD DEBT

    total $300 · program services $300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $883,689 · end of year $176,022

  • 2 · Savings and temporary cash investments

    beginning of year $2,004,024 · end of year $1,133,833

  • 4 · Accounts receivable

    beginning of year $404,054 · end of year $521,848

  • 7 · Other notes and loans receivable

    beginning of year $196,044 · end of year $165,508

  • 9 · Prepaid expenses and deferred charges

    beginning of year $259,780 · end of year $248,293

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

    $49,262

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

    $45,637

  • 10c · Land, buildings and equipment, net

    beginning of year $7,782 · end of year $3,625

  • 12 · Investments: other securities

    beginning of year $9,432,425 · end of year $9,800,762

  • 13 · Investments: program-related

    beginning of year $4,641,118 · end of year $5,333,879

  • 15 · Other assets

    beginning of year $46,369 · end of year $41,416

  • 17 · Accounts payable and accrued expenses

    beginning of year $795,948 · end of year $1,180,706

  • 19 · Deferred revenue

    beginning of year $502,959 · end of year $174,145

  • 25 · Other liabilities

    beginning of year $4,722,045 · end of year $5,406,014

  • 27 · Net assets without donor restrictions

    beginning of year $11,854,333 · end of year $10,664,321

Mission and programs · 2023

Mission

TO PROMOTE, ENCOURAGE AND AID SCIENTIFIC INVESTIGATION, RESEARCH AND TECHNOLOGY TRANSFER AT KANSAS STATE UNIVERSITY

Activities or mission (Part I)

TO PROMOTE, ENCOURAGE, & AID SCIENTIFIC INVESTIGATION, RESEARCH & TECHNOLOGY TRANSFER AT K-STATE

  • LICENSING AND COMMERCIALIZATION OF INTELLECTUAL PROPERTY

    Expenses $4,690,297 · Revenue $5,270,570

  • INTELLECTUAL PROPERTY DISCOVERY AND PROTECTION

    Expenses $1,108,657 · Grants $446,000 · Revenue $275,389

  • ECONOMIC DEVELOPMENT

    Expenses $146,900 · Revenue $71,912

  • OTHER PROGRAMS

    Expenses $983,550

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David V Rosowsky

    CHAIR

    Total calculated
    $421,406
    From this org
    $0
    From related orgs
    $380,719
    Other
    $40,687
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $380,719 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $28,050 related
    Nontaxable benefits
    $0 + $12,637 related
    Filer's total
    $0 + $421,406 related

  • Ethan Erickson

    BOARD MEMBER

    Total calculated
    $349,175
    From this org
    $0
    From related orgs
    $309,976
    Other
    $39,199
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $309,976 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $26,562 related
    Nontaxable benefits
    $0 + $12,637 related
    Filer's total
    $0 + $349,175 related

  • Sue Peterson

    BOARD MEMBER

    Total calculated
    $164,473
    From this org
    $0
    From related orgs
    $147,560
    Other
    $16,913
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $147,560 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,543 related
    Nontaxable benefits
    $0 + $4,370 related
    Filer's total
    $0 + $164,473 related

  • Cynthia Enright

    APPOINTED DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ernie Minton

    APPOINTED DIRECTOR

    Total calculated
    $378,229
    From this org
    $0
    From related orgs
    $336,951
    Other
    $41,278
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $336,951 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $28,641 related
    Nontaxable benefits
    $0 + $12,637 related
    Filer's total
    $0 + $378,229 related

  • Jeff Morris

    APPOINTED DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jason Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Victoria Appelhans

    TREASURER/CFO

    Total calculated
    $167,048
    From this org
    $0
    From related orgs
    $147,600
    Other
    $19,448
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $147,600 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,546 related
    Nontaxable benefits
    $0 + $6,902 related
    Filer's total
    $0 + $167,048 related

  • Tresa Landis

    BUSINESS MANAGER

    Total calculated
    $122,015
    From this org
    $0
    From related orgs
    $101,044
    Other
    $20,971
    Hours/week
    40

  • Chris Brandt

    INTERIM PRESIDENT

    Total calculated
    $198,939
    From this org
    $0
    From related orgs
    $171,707
    Other
    $27,232
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $171,707 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,595 related
    Nontaxable benefits
    $0 + $12,637 related
    Filer's total
    $0 + $198,939 related

  • Rebecca Robinson

    FORMER PRESIDENT

    Total calculated
    $244,251
    From this org
    $0
    From related orgs
    $216,553
    Other
    $27,698
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $216,553 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,816 related
    Nontaxable benefits
    $0 + $9,882 related
    Filer's total
    $0 + $244,251 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 · Written employment contract

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

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.

  • K-STATE VENTURES INC

    C · MANAGEMENT AND ANCILLARY SUPPORT SERVICES FOR KSURF · KS · 100% owned · share of income $32,348 · share of assets $726,068

Provenance

Return type
form_990
Tax year
2023
Filed
1 April 2025
IRS schema version
2023v6.0
Source object
202500919349301955

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.