Civic Intelligence

K-State Olathe Innovation Campus Inc.

990 • Fiscal year 2020 • EIN 20-8737117

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 15, 2021

Organization ProfileOLATHE.K-STATE.EDU

View Organization Page

22201 W Innovation DriveOlathe, KS 66061

(913) 541-1220

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.65x

Higher debt load relative to assets than 79% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

90th percentile

3.29x

Higher debt load relative to revenue than 90% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

61st percentile

8.2%

Higher net margin than 61% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

89th percentile

$678,971

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

11th percentile

-4.6%

Faster asset growth than 11% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

50th percentile

2.8%

Faster revenue growth than 50% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$40,800,279

Down $1,987,190 (-4.6%) from 2019

Net Assets

Down

$14,393,608

Down $264,369 (-1.8%) from 2019

Liabilities

Down

$26,406,671

Down $1,722,821 (-6.1%) from 2019

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin61st percentile

Revenue

Up

$8,022,741

Up $219,534 (+2.8%) from 2019

Expenses

Up

$7,366,344

Up $1,193,503 (+19%) from 2019

Net Income

Down

$656,397

Down $973,969 (-60%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2020

Assets$40,800,279
Liabilities$26,406,671
Net Assets$14,393,608
Open 2020 Filing

Operations Trend

Revenue Growth50th percentile

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$8,022,741
Expenses$7,366,344
Net Income$656,397
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 15, 2021
Return Version
2019v5.1
Gross Receipts
$8,022,741
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.

A place of academic research for animal health, plant science,food safety and security and bioenergy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$28,691,914$26,661,759▼ $2,030,155
Cash and Non-Interest-Bearing Accounts$2,463,473$9,516,083▲ $7,052,610
Investments Other Securities$7,544,336$4,099,460▼ $3,444,876
Savings and Temporary Cash Investments$3,204,171$253,108▼ $2,951,063
Accounts Receivable$763,929$152,883▼ $611,046
Prepaid Expenses and Deferred Charges$27,376$24,716▼ $2,660
Total Assets$42,787,469$40,800,279▼ $1,987,190
Other Assets Total$92,270$92,270→ $0
Liabilities
Tax Exempt Bond Liabilities$27,306,066$25,836,985▼ $1,469,081
Accounts Payable and Accrued Expenses$823,426$569,686▼ $253,740
Total Liabilities$28,129,492$26,406,671▼ $1,722,821
Net Assets / Fund Balance
Net Assets With Donor Restrictions$8,985,166$9,439,016▲ $453,850
Net Assets Without Donor Restrictions$5,672,811$4,954,592▼ $718,219
Total Net Assets Fund Balance$14,657,977$14,393,608▼ $264,369
Total Liabilities and Net Assets / Fund Balance$42,787,469$40,800,279▼ $1,987,190

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$23,464,391$5,953,244$29,417,635
Land$3,197,368-$3,197,368
Equipment$0$3,053,587$3,053,587
Other Land Buildings$0$776,388$776,388
Other Securities$4,099,460--
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Lindy EakinDirector of Fiscal AffairsFT$114,989$114,989

Board Members and Trustees

NameTitle
Richard MyersChairperson/president
Chuck TaberBoard Member
Clay BlairBoard Member
David WarmBoard Member
John BuckwalterBoard Member
Kent GlasscockBoard Member
Peter DorhoutBoard Member
Timothy De NobleBoard Member
Jacqueline SpearsCEO/vice Provost
Cindy BontragerSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$7,482,636
Investment Income
$188,436
Other Revenue
$351,669
Change in Net Assets
$656,397

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,022,741
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$8,022,741
Total Revenue per Form 990
$8,022,741
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,980,832
Salaries, Compensation, and Employee Benefits$2,395,085
Grants and Similar Amounts Paid$990,427
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,906,970--$1,906,970
Grants to Domestic Orgs$978,256--$978,256
Interest$846,690--$846,690
Depreciation Depletion$772,940--$772,940
Fees for Services Other$639,496$3,605-$643,101
Occupancy$550,466--$550,466
Other Employee Benefits$323,773--$323,773
Advertising$209,241--$209,241
Payroll Taxes$164,342--$164,342
All Other Expenses$163,149--$163,149
Travel$126,021--$126,021
Other Expenses$106,080--$106,080
Office Expenses$18,056$46,015-$64,071
Information Technology$51,066--$51,066
Insurance$35,615--$35,615
Conferences and Meetings$25,621--$25,621
Grants to Domestic Individuals$12,171--$12,171
Total Functional Expenses$7,316,724$49,620$0$7,366,344

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,366,344
Total Expenses per Audited Statements$7,366,344
Total Expenses per Form 990$7,366,344
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of OlatheOlathe, KS170(c)(1)The Land Was Not Being Utilitzed and Therefore It Was Returned Back to the City.-
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 Development Finance Authority2019-09-19$23,275,000To fund the 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
Backup withholding compliance
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, Part VI, Section B, Line 11B

“The 990 will be presented to the full board of directors prior to sumission to the irs. Each member will approve the 990 at the meeting”

Form 990, Part VI, Section B, Line 12C

“Conflicts statements will be made annually and reviewed by the full board.”

Form 990, Part VI, Section B, Line 15A

“Board reviews and determines compensation for ceo and other key employees on an annual basis. Comparability data or independent compensation consultant will be hired to assist”

Form 990, Part VI, Section C, Line 18

“Copies will be provided immediately if request is in person. Requests received by written,phone,fax,or email will be honored in a timely fashion.”

Form 990, Part VI, Section C, Line 19

“Copies will be provided immediately if request is in person. Requests received by written,phone,fax or email will be honored in a timely fashion.”

FORM 990, PART VI, SECTION B, LINE 11B:

“The process has not changed from the prior year”

Filing and Contact Details

Filer

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

Signing Officer

Name
Jacqueline Spears
Title
CEO
Phone
7855326224
Signed
2021-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jacqueline Spears
Formed
2007
Legal Domicile
Ks
Voting Board Members
9
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Varney & Associates Cpas LLC
Address
1501 POYNTZ AVENUE, MANHATTAN, KS 66502-6092
Preparer
April G Swartz
Phone
7855372202
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The corporation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. Accordingly, no provision for income taxes has been reflected in the corporation's financial statements. The corporation believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. For each of the years ended june 30, 2020 and 2019, the corporation did not recognize any interest or penalties associated with tax matters. The organization's federal exempt organization returns (form 990) for the years ended june 30, 2020 and 2019 are subject to examination by the irs, generally for three years after they are filed. No taxing authorities have commenced income tax examinations.”

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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt051066
IRS990/InformationTechnologyGrp/TotalAmt051066
IRS990/InsuranceGrp/ProgramServicesAmt035615
IRS990/InsuranceGrp/TotalAmt035615
IRS990/InterestGrp/ProgramServicesAmt0846690
IRS990/InterestGrp/TotalAmt0846690
IRS990/InvestmentIncomeGrp/ExclusionAmt0188436
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0188436
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt07544336
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt04099460
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt0115
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09783219
IRS990/LandBldgEquipBasisNetGrp/BOYAmt028691914
IRS990/LandBldgEquipBasisNetGrp/EOYAmt026661759
IRS990/LandBldgEquipCostOrOtherBssAmt036444978
IRS990/LegalDomicileStateCd0KS
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt014657977
IRS990/NetAssetsOrFundBalancesEOYAmt014393608
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0351669
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0351669
IRS990/NetUnrelatedBusTxblIncmAmt086058
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05672811
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04954592
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0550466
IRS990/OccupancyGrp/TotalAmt0550466
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt046015
IRS990/OfficeExpensesGrp/ProgramServicesAmt018056
IRS990/OfficeExpensesGrp/TotalAmt064071
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt092270
IRS990/OtherAssetsTotalGrp/EOYAmt092270
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0323773
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0323773
IRS990/OtherExpensesGrp/Desc0LAB EXPENSES
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2SECURITY
IRS990/OtherExpensesGrp/ProgramServicesAmt0202752
IRS990/OtherExpensesGrp/ProgramServicesAmt1184019
IRS990/OtherExpensesGrp/ProgramServicesAmt2106080
IRS990/OtherExpensesGrp/TotalAmt0202752
IRS990/OtherExpensesGrp/TotalAmt1184019
IRS990/OtherExpensesGrp/TotalAmt2106080
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01906970
IRS990/OtherSalariesAndWagesGrp/TotalAmt01906970
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0164342
IRS990/PayrollTaxesGrp/TotalAmt0164342
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt027376
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024716
IRS990/PrincipalOfficerNm0JACQUELINE SPEARS
IRS990/PriorPeriodAdjustmentsAmt0-920766
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/BusinessCd3611600
IRS990/ProgramServiceRevenueGrp/BusinessCd4611600
IRS990/ProgramServiceRevenueGrp/Desc0J-CERT SALES TAX
IRS990/ProgramServiceRevenueGrp/Desc1SENSORY INCOME
IRS990/ProgramServiceRevenueGrp/Desc2REGISTRATION FEES
IRS990/ProgramServiceRevenueGrp/Desc3PROGRAM REIMBURSEMENTS
IRS990/ProgramServiceRevenueGrp/Desc4CATERING FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06128475
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11139762
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt295216
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt342775
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt427557
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06128475
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11139762
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt295216
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt342775
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt427557
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt037124
IRS990/PYInvestmentIncomeAmt067918
IRS990/PYOtherExpensesAmt04365627
IRS990/PYOtherRevenueAmt0304333
IRS990/PYProgramServiceRevenueAmt07430956
IRS990/PYRevenuesLessExpensesAmt01630366
IRS990/PYSalariesCompEmpBnftPaidAmt01770090
IRS990/PYTotalExpensesAmt06172841
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07803207
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0656397
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0351669
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07834305
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03204171
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0253108
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0480771751
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt03506280
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0KANSAS STATE UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt03506280
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ArtPublicExhibitionAmountsGrp/AssetsIncludedAmt092270
IRS990ScheduleD/BuildingsGrp/BookValueAmt023464391
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05953244
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt029417635
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03053587
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03053587
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07366344
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03197368
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03197368
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0776388
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0776388
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt04099460
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS - US BANK
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08022741
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE CORPORATION'S FINANCIAL STATEMENTS. THE CORPORATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. FOR EACH OF THE YEARS ENDED JUNE 30, 2020 AND 2019, THE CORPORATION DID NOT RECOGNIZE ANY INTEREST OR PENALTIES ASSOCIATED WITH TAX MATTERS. THE ORGANIZATION'S FEDERAL EXEMPT ORGANIZATION RETURNS (FORM 990) FOR THE YEARS ENDED JUNE 30, 2020 AND 2019 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. NO TAXING AUTHORITIES HAVE COMMENCED INCOME TAX EXAMINATIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026661759
IRS990ScheduleD/TotalBookValueSecuritiesAmt04099460
IRS990ScheduleD/TotalExpensesPerForm990Amt07366344
IRS990ScheduleD/TotalRevenuePerForm990Amt08022741
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08022741
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07366344
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt012171
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS PAID TO ENROLLED STUDENTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt024
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/RecipientTable/IRCSectionDesc0170(C)(1)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt0978256
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc011.58 ACRES OF LAND
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0THE LAND WAS NOT BEING UTILITZED AND THEREFORE IT WAS RETURNED BACK TO THE CITY.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY OF OLATHE
IRS990ScheduleI/RecipientTable/RecipientEIN0486034756
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0100 E SANTA FE ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0OLATHE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0KS
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0660613409
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0BOOK VALUE
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$40,800,279
Liabilities
$26,406,671
Net assets
$14,393,608
Revenue
$8,022,741
Expenses
$7,366,344
Net income
$656,397
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
2020Detailed filing. Detailed filing data is available for this year.$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