Liabilities / Assets
82nd percentile
Higher debt load relative to assets than 82% of similar nonprofits.
990 • Fiscal year 2022 • EIN 20-5349674
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
82nd percentile
Higher debt load relative to assets than 82% of similar nonprofits.
Liabilities / Revenue
93rd percentile
Higher debt load relative to revenue than 93% of similar nonprofits.
Net Margin
97th percentile
Higher net margin than 97% of similar nonprofits.
Top Officer Pay
14th percentile
Higher top officer pay than 14% of similar nonprofits.
Top officer pay equals 1.6% of source-year revenue.
Asset Growth
89th percentile
Faster asset growth than 89% of similar nonprofits.
Revenue Growth
96th percentile
Faster revenue growth than 96% of similar nonprofits.
Assets
Up$44,485,182
Up $14,373,644 (+48%) from 2021
Net Assets
Up$18,852,699
Up $9,562,437 (+103%) from 2021
Liabilities
Up$25,632,483
Up $4,811,207 (+23%) from 2021
Revenue
Up$13,851,598
Up $9,045,877 (+188%) from 2021
Expenses
Up$4,239,161
Up $1,423,181 (+51%) from 2021
Net Income
Up$9,612,437
Up $7,622,696 (+383%) from 2021
Bioscience & technology business center, inc.'s mission is to foster the development and growth of the life science and technology industries in the local area.
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $26,760,730 | $37,855,935 | ▲ $11,095,205 |
| Savings and Temporary Cash Investments | $2,013,330 | $5,095,376 | ▲ $3,082,046 |
| Accounts Receivable | $615,866 | $538,225 | ▼ $77,641 |
| Cash and Non-Interest-Bearing Accounts | $49,327 | $343,608 | ▲ $294,281 |
| Receivables From Officers Etc | $254,050 | $294,439 | ▲ $40,389 |
| Prepaid Expenses and Deferred Charges | $48,926 | $45,702 | ▼ $3,224 |
| Total Assets | $30,111,538 | $44,485,182 | ▲ $14,373,644 |
| Other Assets Total | $369,309 | $311,897 | ▼ $57,412 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $15,274,554 | $23,461,315 | ▲ $8,186,761 |
| Accounts Payable and Accrued Expenses | $3,758,348 | $1,727,490 | ▼ $2,030,858 |
| Other Liabilities | $1,026,749 | $331,359 | ▼ $695,390 |
| Deferred Revenue | $761,625 | $112,319 | ▼ $649,306 |
| Total Liabilities | $20,821,276 | $25,632,483 | ▲ $4,811,207 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $9,290,262 | $18,852,699 | ▲ $9,562,437 |
| Total Net Assets Fund Balance | $9,290,262 | $18,852,699 | ▲ $9,562,437 |
| Total Liabilities and Net Assets / Fund Balance | $30,111,538 | $44,485,182 | ▲ $14,373,644 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $37,079,446 | $4,404,633 | $41,484,079 |
| Equipment | $66,464 | $804,066 | $870,530 |
| Other Land Buildings | $710,025 | - | $710,025 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| E Laverne Epp | Executive Ch | FT | $215,417 | $11,337 | $226,754 |
| E Laverne Epp | Executive Chair | - | $215,417 | $11,337 | $226,754 |
| Adam Courtney | VP Finance | FT | $190,089 | $7,037 | $197,126 |
| Robert Knapp | Exec VP of C | FT | $54,573 | $3,439 | $58,012 |
| Name | Title |
|---|---|
| Bart Littlejohn | Board Member |
| Bonnie Lowe | Board Member |
| Craig Owens | Board Member |
| Douglas Girod | Board Member |
| Karen Willey | Board Member |
| Robert Simari | Board Member |
| Sarah Plinsky | Board Member |
| Valentino J Stella | Board Member |
| Derek Kwan | Secretary |
| Robert Johnson | Treasurer |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| The Law Co | Construction | 345 RIVERVIEW 3RD FLOOR, Wichita, KS 67203 | $13,602,129 |
| Marlan Construction | Construction | 701 E 19TH STREET, Lawrence, KS 66044 | $770,593 |
| Line Item | Amount |
|---|---|
| Other Expenses | $3,250,501 |
| Salaries, Compensation, and Employee Benefits | $988,660 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Occupancy | $1,639,078 | $957 | - | $1,640,035 |
| Depreciation Depletion | $690,885 | - | - | $690,885 |
| Interest | $559,174 | - | - | $559,174 |
| Current Officers, Directors, Trustees, and Key Employees | $441,675 | $18,404 | - | $460,079 |
| Other Salaries and Wages | $403,671 | $13,492 | - | $417,163 |
| Insurance | $143,491 | $2,827 | - | $146,318 |
| Fees for Services Management | $20,649 | $44,856 | - | $65,505 |
| Payroll Taxes | $54,839 | $9,140 | - | $63,979 |
| Pension Plan Contributions | $40,662 | $6,777 | - | $47,439 |
| Advertising | - | $45,177 | - | $45,177 |
| Information Technology | $20,412 | $11,734 | - | $32,146 |
| Fees for Services Accounting | - | $18,448 | - | $18,448 |
| Fees for Services Legal | - | $11,509 | - | $11,509 |
| Other Expenses | $10,840 | - | - | $10,840 |
| Travel | - | $9,059 | - | $9,059 |
| Fees for Services Other | - | $5,571 | - | $5,571 |
| Total Functional Expenses | $4,041,210 | $197,951 | $0 | $4,239,161 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Officers, Directors, Trustees, and Key Employees | $254,050 | $294,439 | ▲ $40,389 |
| Liability | Amount |
|---|---|
| Contruction Retainage Payable | $243,063 |
| Lease Deposits | $88,296 |
“Douglas county government douglas county government county admin trustee employee city of lawrence city of lawrence city manager trustee employee chamber of commerce chamber of commerce ceo trustee employee”
“Contracts with kaw, inc and lrtc to provide management, property management and client service.”
“Btbc has stakeholder members who maintain the four class a director positions and elect the at large board of director members. The stakeholder members are city, county, university of kansas and chamber of commerce who will receive a portion of the net assets upon dissolution. The board of directors approves major decisions.”
“Class a directors elect class b directors.”
“The committees of the organization are advisory in nature and do not have the authority to act on behalf of the governing board.”
“The return will be reviewed at the next quarterly board meeting. If the filing date falls before the quarterly board meeting, copies are provided to all board members to review, and discussion is conducted via conference calls or e-mails.”
“Annually, the board and staff disclose any possible conflicts and in the event of a conflict, btbc personnel are obligated to disclose the situation and recuse themselves from any further consideration of the matter until conflict is resolved.”
“The board reviews and approves officers' compensation.”
“All relevant documents are made available to the public upon request in either paper or digital format.”
“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.”
“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.”
“The organization was in the process of completing the required audit at the time of preparation of the 990.”
“The organization is exempt from income taxes under section 501(c)(6) of the internal revenue code as provided by a determination letter received from the internal revenue service. The organization's income tax returns are subject to review and examination by federal authorities. The organization is not aware of any activiies that are subject to tax on unrelated business income or excise or other taxes.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | true |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 3758348 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 1727490 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 615866 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 538225 |
| IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | 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. |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 45177 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 45177 |
| IRS990/AllOtherContributionsAmt | 0 | 1488199 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | ADAM COURTNEY |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 7858322110 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 2029 BECKER DRIVE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | LAWRENCE |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | KS |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 66047 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 49327 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 343608 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 2 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 18404 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 441675 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 460079 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 13602129 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 1 | 770593 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 345 RIVERVIEW 3RD FLOOR |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 1 | 701 E 19TH STREET |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | WICHITA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 1 | LAWRENCE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | KS |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 1 | KS |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 67203 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 1 | 66044 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | THE LAW CO |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 1 | MARLAN CONSTRUCTION |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | CONSTRUCTION |
| IRS990/ContractorCompensationGrp/ServicesDesc | 1 | CONSTRUCTION |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 11670231 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 1187 |
| IRS990/CYOtherExpensesAmt | 0 | 3250501 |
| IRS990/CYOtherRevenueAmt | 0 | 26100 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 2154080 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 9612437 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 988660 |
| IRS990/CYTotalExpensesAmt | 0 | 4239161 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 13851598 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 761625 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 112319 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | true |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 690885 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 690885 |
| IRS990/Desc | 0 | 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. |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DoingBusinessAsName/BusinessNameLine1Txt | 0 | KU INNOVATION PARK |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 16 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/FamilyOrBusinessRlnInd | 0 | true |
| IRS990/FederalGrantAuditPerformedInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | true |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 18448 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 18448 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 11509 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 11509 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 44856 |
| IRS990/FeesForServicesManagementGrp/ProgramServicesAmt | 0 | 20649 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 65505 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 5571 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 5571 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 11337 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 7037 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 3439 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | DEREK KWAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | BART LITTLEJOHN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | KAREN WILLEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | DOUGLAS GIROD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | BONNIE LOWE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | CRAIG OWENS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | E LAVERNE EPP |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | ROBERT JOHNSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | VALENTINO J STELLA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | ROBERT SIMARI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | SARAH PLINSKY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | ADAM COURTNEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | ROBERT KNAPP |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 215417 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 190089 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 54573 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | EXECUTIVE CH |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | VP FINANCE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | EXEC VP OF C |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2006 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedInd | 0 | false |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 11 |
| IRS990/GovernmentGrantsAmt | 0 | 10182032 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 13851598 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
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| IRS990/ProgramServiceRevenueGrp/Desc | 2 | ADVISORY SERVICE |
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| IRS990/ProgramServiceRevenueGrp/Desc | 4 | CONTRACTUAL SERVICE |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | CONTRUCTION RETAINAGE PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | LEASE DEPOSITS |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AS PROVIDED BY A DETERMINATION LETTER RECEIVED FROM THE INTERNAL REVENUE SERVICE. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVIIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 3, PART X |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DOUGLAS COUNTY GOVERNMENT DOUGLAS COUNTY GOVERNMENT COUNTY ADMIN TRUSTEE EMPLOYEE CITY OF LAWRENCE CITY OF LAWRENCE CITY MANAGER TRUSTEE EMPLOYEE CHAMBER OF COMMERCE CHAMBER OF COMMERCE CEO TRUSTEE EMPLOYEE |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | CONTRACTS WITH KAW, INC AND LRTC TO PROVIDE MANAGEMENT, PROPERTY MANAGEMENT AND CLIENT SERVICE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | BTBC HAS STAKEHOLDER MEMBERS WHO MAINTAIN THE FOUR CLASS A DIRECTOR POSITIONS AND ELECT THE AT LARGE BOARD OF DIRECTOR MEMBERS. THE STAKEHOLDER MEMBERS ARE CITY, COUNTY, UNIVERSITY OF KANSAS AND CHAMBER OF COMMERCE WHO WILL RECEIVE A PORTION OF THE NET ASSETS UPON DISSOLUTION. THE BOARD OF DIRECTORS APPROVES MAJOR DECISIONS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | CLASS A DIRECTORS ELECT CLASS B DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE COMMITTEES OF THE ORGANIZATION ARE ADVISORY IN NATURE AND DO NOT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | THE RETURN WILL BE REVIEWED AT THE NEXT QUARTERLY BOARD MEETING. IF THE FILING DATE FALLS BEFORE THE QUARTERLY BOARD MEETING, COPIES ARE PROVIDED TO ALL BOARD MEMBERS TO REVIEW, AND DISCUSSION IS CONDUCTED VIA CONFERENCE CALLS OR E-MAILS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | ANNUALLY, THE BOARD AND STAFF DISCLOSE ANY POSSIBLE CONFLICTS AND IN THE EVENT OF A CONFLICT, BTBC PERSONNEL ARE OBLIGATED TO DISCLOSE THE SITUATION AND RECUSE THEMSELVES FROM ANY FURTHER CONSIDERATION OF THE MATTER UNTIL CONFLICT IS RESOLVED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | THE BOARD REVIEWS AND APPROVES OFFICERS' COMPENSATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | ALL RELEVANT DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST IN EITHER PAPER OR DIGITAL FORMAT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | THE ORGANIZATION WAS IN THE PROCESS OF COMPLETING THE REQUIRED AUDIT AT THE TIME OF PREPARATION OF THE 990. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | FORM 990, PAGE 12, PART XII, LINE 3B |
| IRS990ScheduleR/AssetExchangeInd | 0 | false |
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Displayed year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.