Civic Intelligence

K-State - Olathe Innovation Campus Inc

EIN 20-8737117 • 501(c)3 • Olathe, KS

View Organization Page

Profile

The organization is a place of academic research and focuses primarily on commercially viable applied reseach and technology discovery in animal health, plant science, food safety and security, bioenergy, and other relevant areas.

22201 W Innovation DrOlathe, KS 66061

olathe.k-state.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

71st percentile

0.46x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

88th percentile

2.25x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

63rd percentile

10%

Higher net margin than 63% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

35th percentile

1.6%

Faster asset growth than 35% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2025

Revenue Growth

24th percentile

-4.6%

Faster revenue growth than 24% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2025

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$47,452,107

Up $673,965 (+1.4%) from 2024

Liabilities

Down

$22,037,493

Down $320,793 (-1.4%) from 2024

Net Assets

Up

$25,414,614

Up $994,758 (+4.1%) from 2024

Operations
Liabilities / Revenue88th percentileNet Margin63rd percentile

Revenue

Down

$9,790,756

Down $1,181,418 (-11%) from 2024

Expenses

Down

$8,795,998

Down $93,266 (-1.0%) from 2024

Net Income

Down

$994,758

Down $1,088,152 (-52%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth35th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2011: $43,330,910Liabilities 2011: $34,815,185Net Assets 2011: $8,515,7252011Assets 2012: $42,130,615Liabilities 2012: $33,040,549Net Assets 2012: $9,090,0662012Assets 2013: $41,793,188Liabilities 2013: $32,707,703Net Assets 2013: $9,085,4852013Assets 2014: $41,440,392Liabilities 2014: $31,942,581Net Assets 2014: $9,497,8112014Assets 2015: $40,866,881Liabilities 2015: $31,140,122Net Assets 2015: $9,726,7592015Assets 2016: $40,780,765Liabilities 2016: $30,354,032Net Assets 2016: $10,426,7332016Assets 2017: $41,650,036Liabilities 2017: $29,636,150Net Assets 2017: $12,013,8862017Assets 2018: $41,964,268Liabilities 2018: $28,939,965Net Assets 2018: $13,024,3032018Assets 2019: $42,787,469Liabilities 2019: $28,129,492Net Assets 2019: $14,657,9772019Assets 2020: $40,800,279Liabilities 2020: $26,406,671Net Assets 2020: $14,393,6082020Assets 2021: $41,788,867Liabilities 2021: $25,943,443Net Assets 2021: $15,845,4242021Assets 2022: $45,049,185Liabilities 2022: $25,614,382Net Assets 2022: $19,434,8032022Assets 2023: $45,992,980Liabilities 2023: $23,656,034Net Assets 2023: $22,336,9462023Assets 2024: $46,778,142Liabilities 2024: $22,358,286Net Assets 2024: $24,419,8562024Assets 2025: $47,452,107Liabilities 2025: $22,037,493Net Assets 2025: $25,414,6142025

Highlighted filing

2025

Assets$47,452,107
Liabilities$22,037,493
Net Assets$25,414,614
Open 2025 Filing

Operations Trend

Revenue Growth24th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0Expenses 2011: $3,039,2922011Expenses 2012: $4,453,5082012Expenses 2013: $5,410,2012013Revenue 2014: $6,176,731Expenses 2014: $5,761,928Net Income 2014: $414,8032014Revenue 2015: $6,445,512Expenses 2015: $6,213,094Net Income 2015: $232,4182015Revenue 2016: $6,802,790Expenses 2016: $6,115,096Net Income 2016: $687,6942016Revenue 2017: $7,476,656Expenses 2017: $5,877,681Net Income 2017: $1,598,9752017Revenue 2018: $7,303,620Expenses 2018: $6,290,782Net Income 2018: $1,012,8382018Revenue 2019: $7,803,207Expenses 2019: $6,172,841Net Income 2019: $1,630,3662019Revenue 2020: $8,022,741Expenses 2020: $7,366,344Net Income 2020: $656,3972020Revenue 2021: $8,049,753Expenses 2021: $6,597,937Net Income 2021: $1,451,8162021Revenue 2022: $10,222,325Expenses 2022: $6,632,946Net Income 2022: $3,589,3792022Revenue 2023: $10,759,280Expenses 2023: $7,588,600Net Income 2023: $3,170,6802023Revenue 2024: $10,972,174Expenses 2024: $8,889,264Net Income 2024: $2,082,9102024Revenue 2025: $9,790,756Expenses 2025: $8,795,998Net Income 2025: $994,7582025

Highlighted filing

2025

Revenue$9,790,756
Expenses$8,795,998
Net Income$994,758
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$47,452,107
Liabilities
$22,037,493
Net assets
$25,414,614
Revenue
$9,790,756
Expenses
$8,795,998
Net income
$994,758
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.5$22.0$25.4$9.79$8.80$0.99
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.8$22.4$24.4$11.0$8.89$2.08
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.0$23.7$22.3$10.8$7.59$3.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.0$25.6$19.4$10.2$6.63$3.59
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.8$25.9$15.8$8.05$6.60$1.45
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.8$26.4$14.4$8.02$7.37$0.66
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.8$28.1$14.7$7.80$6.17$1.63
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.0$28.9$13.0$7.30$6.29$1.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.7$29.6$12.0$7.48$5.88$1.60
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.8$30.4$10.4$6.80$6.12$0.69
2015Detailed filing. Detailed filing data is available for this year.$40.9$31.1$9.73$6.45$6.21$0.23
2014Detailed filing. Detailed filing data is available for this year.$41.4$31.9$9.50$6.18$5.76$0.41
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.8$32.7$9.09$5.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.1$33.0$9.09$4.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.3$34.8$8.52$3.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 24, 2025
Return Version
2024v5.0
Gross Receipts
$9,879,952
Mission and Program Overview

Mission

The organization is a place of academic research and focuses primarily on commercially viable applied reseach and technology discovery in animal health, plant science, food safety and security, bioenergy, and other relevant areas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$25,451,404$25,160,630▼ $290,774
Investments Other Securities$11,302,693$9,142,174▼ $2,160,519
Cash and Non-Interest-Bearing Accounts$9,375,739$8,645,021▼ $730,718
Savings and Temporary Cash Investments$233,023$233,175▲ $152
Accounts Receivable$128,470$21,051▼ $107,419
Pledges and Grants Receivable-$11,219-
Total Assets$46,778,142$47,452,107▲ $673,965
Other Assets Total$286,813$4,238,837▲ $3,952,024
Liabilities
Tax Exempt Bond Liabilities$21,719,068$20,632,848▼ $1,086,220
Accounts Payable and Accrued Expenses$639,218$1,404,645▲ $765,427
Total Liabilities$22,358,286$22,037,493▼ $320,793
Net Assets / Fund Balance
Net Assets With Donor Restrictions$17,455,758$18,972,202▲ $1,516,444
Net Assets Without Donor Restrictions$6,964,098$6,442,412▼ $521,686
Total Net Assets Fund Balance$24,419,856$25,414,614▲ $994,758
Total Liabilities and Net Assets / Fund Balance$46,778,142$47,452,107▲ $673,965

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$21,354,373$9,980,842$31,335,215
Land$3,197,368-$3,197,368
Equipment$352,436$2,459,137$2,811,573
Other Land Buildings$256,453$900,937$1,157,390
Other Assets Org$92,270--
Other Securities$9,142,174--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeOtherTotal
Richard LintonChairperson/-$865,619$865,619
Ethan EricksonTreasurer/se-$362,452$362,452
Jesse MendezVice-chairpe-$287,019$287,019
Deborah KirchhoffExec Director StrFT$151,227$151,227
Meagan SadlerBus and FinFT$143,488$143,488
Rebekkah StutevilleMgmt/fiscalFT$139,721$139,721
Haley LarsonTeaching AssFT$130,172$130,172

Board Members and Trustees

NameTitle
Richard LintonChairperson/presiden
Jesse MendezVice-chairperson
Beth WardBoard Member
Bradley BehnkeBoard Member
Chris BrandtBoard Member
David WarmBoard Member
Johann CoetzeeBoard Member
Deborah KirchhoffExec Director Strat Init
Benjamin WolfeDean and CEO
Ethan EricksonTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$214,818
Program Service Revenue
$8,584,863
Investment Income
$623,366
Other Revenue
$367,709
All Other Contributions
$214,818
Change in Net Assets
$994,758

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table37$92,448Market Price
Works of Art1$950Sales Quotation/invoice
Total Noncash Contributions38$93,398-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,790,756
Revenue Not Reported on Form 990
$89,196
Total Revenue per Audited Statements
$9,879,952
Total Revenue per Form 990
$9,790,756
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,547,786
Salaries, Compensation, and Employee Benefits$4,083,586
Grants and Similar Amounts Paid$164,626
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,451,185$2,632,401-$4,083,586
Depreciation Depletion-$1,010,658-$1,010,658
Occupancy$419,320$577,596-$996,916
Interest-$603,580-$603,580
Fees for Services Other$517,139--$517,139
Office Expenses$48,104$224,725-$272,829
Advertising$123,984$83,498-$207,482
All Other Expenses-$196,535-$196,535
Grants to Domestic Individuals$164,626--$164,626
Other Expenses$38,610$58,108-$96,718
Insurance$250$57,285-$57,535
Information Technology$4,153$40,704-$44,857
Conferences and Meetings$13,698$11,586-$25,284
Travel$9,018$7,936-$16,954
Total Functional Expenses$2,825,534$5,970,464$0$8,795,998

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,885,194
Expenses per Audited Statements$8,795,998
Total Expenses per Form 990$8,795,998
Expenses Not Reported on Form 990$89,196
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AKansas Developement Finance Authori2019-09-19$23,275,000To fund construction of the first campus building

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$23,275,000--$20,732

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Form 990 will be presented to the full board of directors prior to submission to the irs. Each member will approve form 990 at the meeting. This process has not changed from the prior year.”

Form 990, Page 6, Part VI, Line 12C

“Conflict statements will be made annually and reviewed by the full board of directors.”

Form 990, Page 6, Part VI, Line 15A

“The board reviews and determines compensation for the ceo and other key employees on an annual basis. Either comparability data or independent compensation consultant will be engaged to asssit with this process.”

Form 990, Page 6, Part VI, Line 19

“Copies of governing documents will provided immediately if requested in person. Requests received in writing, phone, fax, or email will be honored in a timely fashion.”

Filing and Contact Details

Filer

Filer Name
K-state - Olathe Innovation Campus
EIN
20-8737117
Phone
9135411220
Address
22201 W INNOVATION DR, OLATHE, KS 66061

Signing Officer

Name
Malissa Cole
Title
Signer
Phone
9135411220
Signed
2025-11-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Benjamin Wolfe
Formed
2007
Legal Domicile
Ks
Voting Board Members
8
Independent Board Members
2
Employees
0

Preparer

Firm
Sink Gordon Accountants & Advisors Llp
Address
1960 KIMBALL AVE 400, MANHATTAN, KS 66502
Preparer
Scott D Lake
Phone
7855370190
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The organization is a place of academic research and focuses primarily on commercially viable applied reseach and technology discovery in animal health, plant science, food safety and security, bioenergy, and other relevant areas.”

Form 990, Part XI, Line 9

“Rental expenses 89,196 rental expenses -89,196”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization has adopted the application of the uncertain tax position provisions of fasb asc 740, income taxes. The organization evaluates its uncertain tax positions using the provisions of fasb asc 450, contingencies. Accordingly, a loss contingency would be recognized when it is probable that a liability has been incurred as of the date of the financial statements and the amount of the loss can be reasonably estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position or for all uncertain tax positions in the aggregate could differ from the amount recognized. As of june 30, 2025, there were no uncertain tax positions identified.”

Schedule D, Page 4, Part XI, Line 2D

“RENTAL EXPENSES 89,196”

Schedule D, Page 4, Part XII, Line 2D

“RENTAL EXPENSES 89,196”

Raw XML AppendixShowing 400 of 665 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED THE APPLICATION OF THE UNCERTAIN TAX POSITION PROVISIONS OF FASB ASC 740, INCOME TAXES. THE ORGANIZATION EVALUATES ITS UNCERTAIN TAX POSITIONS USING THE PROVISIONS OF FASB ASC 450, CONTINGENCIES. ACCORDINGLY, A LOSS CONTINGENCY WOULD BE RECOGNIZED WHEN IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED AS OF THE DATE OF THE FINANCIAL STATEMENTS AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION OR FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE COULD DIFFER FROM THE AMOUNT RECOGNIZED. AS OF JUNE 30, 2025, THERE WERE NO UNCERTAIN TAX POSITIONS IDENTIFIED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES 89,196
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES 89,196

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