Kansas State University Research Foundation
- Assets
- $17.9m
- Revenue
- $8.8m
- Investments
- $9.4m
- Employees
- 0
- Location
- Manhattan, KS
- Founding
- 11/1944
- Data as of
- 06/2023
- EIN
- 48-6106237
Organization Overview
Kansas State University Research Foundation, operating under the name K-State Innovation Partners, is located in Manhattan, KS. The organization was established in 1944. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. K-State Innovation Partners is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, K-State Innovation Partners generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $8.6m during the year ending 06/2023. While expenses have increased by 13.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, ENCOURAGE, & AID SCIENTIFIC INVESTIGATION, RESEARCH & TECHNOLOGY TRANSFER AT K-STATE
Describe the Organization's Program Activity:
LICENSING AND COMMERCIALIZATION OF INTELLECTUAL PROPERTY
OTHER PROGRAMS
INTELLECTUAL PROPERTY DISCOVERY AND PROTECTION
ECONOMIC DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David V Rosowsky Chair | OfficerTrustee | 1 | $0 |
Ethan Erickson Board Member | Trustee | 1 | $0 |
Sue Peterson Board Member | Trustee | 1 | $0 |
Cynthia Enright Board Member | Trustee | 1 | $0 |
Ernie Minton Board Member | Trustee | 1 | $0 |
Jeff Morris Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Canopy A Public Benefit Llc Software Development And Support For A L | 6/29/23 | $2,895,834 |
Hovey Williams Legal Services | 6/29/23 | $461,978 |
Armstrong Teasdale Legal Services | 6/29/23 | $181,042 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,860,938 |
| All other contributions, gifts, grants, and similar amounts not included above | $500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,861,438 |
| Total Program Service Revenue | $4,541,676 |
| Investment income | $474,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$87,201 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,764,418 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $715,124 |
| Compensation of current officers, directors, key employees. | $145,828 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,645,550 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $14,524 |
| Fees for services: Legal | $561,671 |
| Fees for services: Accounting | $11,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,696 |
| Fees for services: Other | $2,254,220 |
| Advertising and promotion | $12,549 |
| Office expenses | $21,194 |
| Information technology | $20,858 |
| Royalties | $3,089,602 |
| Occupancy | $57,894 |
| Travel | $37,910 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,605 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,236 |
| Insurance | $4,145 |
| All other expenses | $0 |
| Total functional expenses | $8,572,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $883,689 |
| Savings and temporary cash investments | $2,004,024 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $404,054 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $196,044 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $259,780 |
| Net Land, buildings, and equipment | $7,782 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,432,425 |
| Investments—program-related | $4,641,118 |
| Intangible assets | $0 |
| Other assets | $46,369 |
| Total assets | $17,875,285 |
| Accounts payable and accrued expenses | $795,948 |
| Grants payable | $0 |
| Deferred revenue | $502,959 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,722,045 |
| Total liabilities | $6,020,952 |
| Net assets without donor restrictions | $11,854,333 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,875,285 |
Grants Awarded
Over the last fiscal year, Kansas State University Research Foundation has awarded $23,067 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KANSAS STATE UNIVERSITY PURPOSE: GRANTS WERE ISSUED TO ASSIST IN RESEARCH AT KANSAS STATE UNIVERSITY | $18,067 |
KANSAS STATE UNIVERSITY INSTITUTE FOR COMMERCIALIZATION PURPOSE: SHARE OF RESEARCH GRANT | $5,000 |