Civic Intelligence

Kansas State University Research Foundation

EIN 48-6106237 • 501(c)3 • Manhattan, KS

Pub. 78 Eligible

Profile

To promote, encourage and aid scientific investigation, research and technology transfer at kansas state university

1960 Kimball Ave Ste 145Manhattan, KS 66502-3382

www.k-state.edu/RESEARCH-FOUNDATION

Siviq Scores

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

Liabilities / Assets

64th percentile

0.31x

Higher debt load relative to assets than 64% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

77th percentile

0.79x

Higher debt load relative to revenue than 77% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

60th percentile

9.1%

Higher net margin than 60% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

88th percentile

$432,727

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

17th percentile

-5.5%

Faster asset growth than 17% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

43rd percentile

4.1%

Faster revenue growth than 43% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets64th percentile

Assets

Down

$16,459,680

Down $965,506 (-5.5%) from 2024

Liabilities

Down

$5,095,509

Down $1,665,356 (-25%) from 2024

Net Assets

Up

$11,364,171

Up $699,850 (+6.6%) from 2024

Operations
Liabilities / Revenue77th percentileNet Margin60th percentile

Revenue

Up

$6,457,272

Up $257,226 (+4.1%) from 2024

Expenses

Down

$5,872,619

Down $1,886,710 (-24%) from 2024

Net Income

Up

$584,653

Up $2,143,936 (+137%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth17th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $5,665,941Liabilities 2010: $997,445Net Assets 2010: $4,668,4962010Assets 2011: $5,681,562Liabilities 2011: $981,855Net Assets 2011: $4,699,7072011Assets 2012: $3,870,321Liabilities 2012: $1,097,537Net Assets 2012: $2,772,7842012Assets 2013: $4,470,929Liabilities 2013: $1,231,796Net Assets 2013: $3,239,1332013Assets 2014: $4,689,364Liabilities 2014: $1,270,202Net Assets 2014: $3,419,1622014Assets 2015: $4,915,419Liabilities 2015: $1,315,331Net Assets 2015: $3,600,0882015Assets 2016: $4,925,254Liabilities 2016: $1,319,862Net Assets 2016: $3,605,3922016Assets 2017: $5,145,342Liabilities 2017: $1,597,053Net Assets 2017: $3,548,2892017Assets 2018: $5,583,952Liabilities 2018: $1,998,844Net Assets 2018: $3,585,1082018Assets 2019: $12,207,428Liabilities 2019: $2,529,539Net Assets 2019: $9,677,8892019Assets 2020: $12,628,054Liabilities 2020: $2,991,999Net Assets 2020: $9,636,0552020Assets 2021: $15,643,687Liabilities 2021: $4,512,901Net Assets 2021: $11,130,7862021Assets 2022: $16,901,817Liabilities 2022: $5,132,619Net Assets 2022: $11,769,1982022Assets 2023: $17,875,285Liabilities 2023: $6,020,952Net Assets 2023: $11,854,3332023Assets 2024: $17,425,186Liabilities 2024: $6,760,865Net Assets 2024: $10,664,3212024Assets 2025: $16,459,680Liabilities 2025: $5,095,509Net Assets 2025: $11,364,1712025

Highlighted filing

2025

Assets$16,459,680
Liabilities$5,095,509
Net Assets$11,364,171
Open 2025 Filing

Operations Trend

Revenue Growth43rd percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $1,629,2622010Expenses 2011: $1,773,0552011Expenses 2012: $2,039,5722012Revenue 2013: $2,913,467Expenses 2013: $2,591,280Net Income 2013: $322,1872013Revenue 2014: $2,517,008Expenses 2014: $2,302,050Net Income 2014: $214,9582014Revenue 2015: $3,551,923Expenses 2015: $3,180,997Net Income 2015: $370,9262015Revenue 2016: $1,474,448Expenses 2016: $1,468,430Net Income 2016: $6,0182016Revenue 2017: $3,179,380Expenses 2017: $3,317,169Net Income 2017: -$137,7892017Revenue 2018: $4,074,880Expenses 2018: $4,037,682Net Income 2018: $37,1982018Revenue 2019: $3,100,826Expenses 2019: $2,996,192Net Income 2019: $104,6342019Revenue 2020: $5,121,211Expenses 2020: $4,962,931Net Income 2020: $158,2802020Revenue 2021: $5,376,469Expenses 2021: $5,216,319Net Income 2021: $160,1502021Revenue 2022: $8,127,847Expenses 2022: $7,265,416Net Income 2022: $862,4312022Revenue 2023: $8,764,418Expenses 2023: $8,572,216Net Income 2023: $192,2022023Revenue 2024: $6,200,046Expenses 2024: $7,759,329Net Income 2024: -$1,559,2832024Revenue 2025: $6,457,272Expenses 2025: $5,872,619Net Income 2025: $584,6532025

Highlighted filing

2025

Revenue$6,457,272
Expenses$5,872,619
Net Income$584,653
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,459,680
Liabilities
$5,095,509
Net assets
$11,364,171
Revenue
$6,457,272
Expenses
$5,872,619
Net income
$584,653
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$16.5$5.10$11.4$6.46$5.87$0.58
2024Detailed filing. Detailed filing data is available for this year.$17.4$6.76$10.7$6.20$7.76$1.56
2023Detailed filing. Detailed filing data is available for this year.$17.9$6.02$11.9$8.76$8.57$0.19
2022Detailed filing. Detailed filing data is available for this year.$16.9$5.13$11.8$8.13$7.27$0.86
2021Detailed filing. Detailed filing data is available for this year.$15.6$4.51$11.1$5.38$5.22$0.16
2020Detailed filing. Detailed filing data is available for this year.$12.6$2.99$9.64$5.12$4.96$0.16
2019Detailed filing. Detailed filing data is available for this year.$12.2$2.53$9.68$3.10$3.00$0.10
2018Detailed filing. Detailed filing data is available for this year.$5.58$2.00$3.59$4.07$4.04$0.04
2017Detailed filing. Detailed filing data is available for this year.$5.15$1.60$3.55$3.18$3.32$0.14
2016Summary only. Only limited summary data is available for this year.$4.93$1.32$3.61$1.47$1.47$0.01
2015Detailed filing. Detailed filing data is available for this year.$4.92$1.32$3.60$3.55$3.18$0.37
2014Detailed filing. Detailed filing data is available for this year.$4.69$1.27$3.42$2.52$2.30$0.21
2013Detailed filing. Detailed filing data is available for this year.$4.47$1.23$3.24$2.91$2.59$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.87$1.10$2.77$2.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.68$0.98$4.70$1.77
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.67$1.00$4.67$1.63
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 12, 2026
Return Version
2024v5.5
Gross Receipts
$6,458,914
Mission and Program Overview

Mission

To promote, encourage and aid scientific investigation, research and technology transfer at kansas state university

To promote, encourage, & aid scientific investigation, research & technology transfer at k-state

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$9,800,762$8,841,626▼ $959,136
Investments Program Related$5,333,879$4,240,146▼ $1,093,733
Cash and Non-Interest-Bearing Accounts$176,022$1,957,915▲ $1,781,893
Savings and Temporary Cash Investments$1,133,833$773,613▼ $360,220
Accounts Receivable$521,848$430,222▼ $91,626
Other Notes and Loans Receivable, Net$165,508$163,792▼ $1,716
Prepaid Expenses and Deferred Charges$248,293$3,600▼ $244,693
Land, Buildings, and Equipment, Net$3,625$828▼ $2,797
Total Assets$17,425,186$16,459,680▼ $965,506
Other Assets Total$41,416$47,938▲ $6,522
Liabilities
Other Liabilities$5,406,014$4,312,146▼ $1,093,868
Deferred Revenue$174,145$606,982▲ $432,837
Accounts Payable and Accrued Expenses$1,180,706$176,381▼ $1,004,325
Total Liabilities$6,760,865$5,095,509▼ $1,665,356
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,664,321$11,364,171▲ $699,850
Total Net Assets Fund Balance$10,664,321$11,364,171▲ $699,850
Total Liabilities and Net Assets / Fund Balance$17,425,186$16,459,680▼ $965,506

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$828$9,312$10,140
Investment Program Related Org$4,240,146--
Other Securities$512,303--
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Victoria AppelhansTreasurerPT$134,529$134,529
Tresa LandisSecretaryFT$128,262$128,262

Board Members and Trustees

NameTitle
Hans CoetzeeChair
Chris BrandtPresident
David RosowskyBoard Member
Ernie MintonBoard Member
Ethan EricksonBoard Member
Jason SmithBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Canopy A Public Benefit LLCSoftware Development And Support For A LPO BOX 663, Manhattan, KS 66505$2,003,578
Hovey WilliamsLegal Services10801 MASTIN BLVD STE 1000, Overland Park, KS 66210$407,247
Sandberg Phoenix & Von Gontard PCLegal Services4600 MADISON AVE STE 1000, Kansas City, MO 64112$196,330
Revenue and Support

Revenue Composition

Contributions and Grants
$1,672,275
Program Service Revenue
$4,141,551
Investment Income
$665,099
Other Revenue
$-21,653
All Other Contributions
$566
Change in Net Assets
$584,653

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,463,268
Revenue Not Reported on Financial Statements
$-5,996
Revenue Not Reported on Form 990
$93,545
Other Revenue Adjustments
$-21,652
Total Revenue per Audited Statements
$6,556,813
Total Revenue per Form 990
$6,457,272
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,293,672
Salaries, Compensation, and Employee Benefits$1,378,645
Grants and Similar Amounts Paid$200,302
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$2,203,086--$2,203,086
Royalties$1,217,178--$1,217,178
Other Salaries and Wages$536,537$205,707-$742,244
Fees for Services Legal$665,949--$665,949
Current Officers, Directors, Trustees, and Key Employees$460,027$176,374-$636,401
Grants to Domestic Orgs$200,302--$200,302
Occupancy-$81,492-$81,492
Fees for Services Accounting-$30,175-$30,175
Information Technology$16,945$3,862-$20,807
Conferences and Meetings$2,339$17,622-$19,961
Travel$3,291$15,032-$18,323
Fees for Service Investment Mgmnt Fees-$15,656-$15,656
Office Expenses$282$9,928-$10,210
Other Expenses$220$2,089-$2,309
Insurance-$2,200-$2,200
Advertising$125$1,148-$1,273
Depreciation Depletion-$1,156-$1,156
Total Functional Expenses$5,307,161$565,458$0$5,872,619

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,872,619
Expenses per Audited Statements$5,856,963
Total Expenses per Audited Statements$5,856,963
Expenses Not Reported on Financial Statements$15,656
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kansas State UniversityManhattan, KS-Research Grants$116,302
Active Logic Labs LLCLeawood, KS-Research Grants$84,000
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-One Ksurf Senior Leadership Member Is Also a Kwa Board MemberRoyalty Revenue Is Received as a Result of Being a Licensee, Some of Which Reimburses Previous Legal Expenses.No$517,303
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Amounts Held for Others$4,240,146
Investment Shares Payable$72,000
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
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The corporation has one voting member which is kansas state university”

Form 990, Part VI, Section A, Line 7A

“The voting member is kansas state university. Members of the governing body have the authority to elect new board members.”

Form 990, Part VI, Section A, Line 7B

“The voting member's approval is required to 1)remove a board member, 2)revoke or amend the bylaws and 3)revoke or amend the articles of incorporation.”

Form 990, Part VI, Section B, Line 11B

“The board receives a preliminary copy for review prior to submission of the return to the irs.”

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

“Governing documents, director and officer annual conflict of interest statements and financial statements are available upon request. The employee conflict of interest policy is available on the kansas state university website.”

Form 990, Part VI, Section C, Line 19

“Governing documents are available upon request. The conflict of interest policy is available on the kansas state university website. The financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Kansas State University Research
EIN
48-6106237
Phone
7855325720
Address
1960 KIMBALL AVE STE 145, MANHATTAN, KS 66502-3382

Signing Officer

Name
Tresa Landis
Title
Secretary
Phone
7855325720
Signed
2026-03-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hans Coetzee
Formed
1942
Legal Domicile
Ks
Voting Board Members
4
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Varney & Associates Cpas LLC
Address
1501 POYNTZ AVE, MANHATTAN, KS 66502
Preparer
Michelle R Crow
Phone
7855372202
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contract services: program service expenses 2,203,086. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,203,086.”

FORM 990, PART XI, LINE 9:

“Rounding -1. Partnership & s corporation income 21,653.”

FORM 990, PART XII, LINE 2C:

“The board of directors selects the independent auditor. No change from prior years.”

Financial Statement Notes

PART X, LINE 2:

“The foundation 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 foundation's financial statements. The foundation 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, 2025 and 2024, the organization did not recognize any interest or penalties associated with tax matters. The foundation's federal exempt organization returns (form 990) for 2025 and 2024 are subject to examination by the irs, generally for three years after they are filed. No taxing authorities have commenced income tax examinations.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“S corporation income -20,302. Partnership loss -1,351. Rounding 1.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“ROUNDING”

Raw XML AppendixShowing 400 of 729 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE KANSAS STATE UNIVERSITY VICE PRESIDENT FOR RESEARCH, CHIEF FINANCIAL OFFICER, AND CHIEF GOVERNMENTAL RELATIONS OFFICER SERVE AS EX-OFFICIO MEMBERS OF THE KANSAS STATE UNIVERSITY RESEARCH FOUNDATION BOARD OF DIRECTORS. A MAJORITY OF ALL DIRECTORS MUST BE EMPLOYEES OF KANSAS STATE UNIVERSITY. THE BOARD MAKES DECISIONS REGARDING ALL THE FINANCIAL ACCOUNTS AND INSTRUMENTS OF THE ORGANIZATION, OVERSEES THE MANAGEMENT OF INVESTED FUNDS, AND ENSURES THAT KANSAS STATE UNIVERSITY RESEARCH FOUNDATION'S INVESTMENT POLICIES ARE FOLLOWED.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE SUPPORTED ORGANIZATION IS KANSAS STATE UNIVERSITY (KSU). KANSAS STATE UNIVERSITY RESEARCH FOUNDATION (KSURF) IS RESPONSIBLE FOR MANAGING THE TECHNOLOGY TRANSFER ACTIVITIES OF KSU UNDER AN OPERATING AGREEMENT BETWEEN THE TWO ENTITIES. KSURF WORKS WITH KSU FACULTY TO IDENTIFY AND PROTECT RESEARCH DISCOVERIES AND TO COMMERCIALIZE THE TECHNOLOGY FOR THE BETTERMENT OF SOCIETY AND KSU, ITS FACULTY, STAFF, ALUMNI, AND STUDENTS. FURTHER, KSU CONTRACTS WITH KSURF TO SUPPORT ECONOMIC GROWTH STRATEGIC INITIATIVES BY MEANS OF CORPORATE ENGAGEMENT AND PARTNERSHIPS WITH LOCAL AND REGIONAL ECONOMIC DEVELOPMENT ENTITIES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2TECHNOLOGY TRANSFER IS CLOSELY LINKED TO FUNDAMENTAL RESEARCH ACTIVITIES IN UNIVERSITIES. UNDER THE BAYH-DOLE ACT OF 1980, UNIVERSITIES HAVE THE ABILITY TO RETAIN TITLE TO AND PROMOTE THE COMMERCIALIZATION OF INVENTIONS DEVELOPED UNDER GOVERNMENT FUNDING. WITH THIS ELECTION, UNIVERSITIES ARE REQUIRED TO PROPERLY MANAGE THE INVENTIONS INCLUDING REPORTING REQUIREMENTS, FILING PATENTS, MARKETING AND LICENSING THE INVENTION AND DISTRIBUTING RETURNS. THE REQUIREMENTS NECESSARY TO ADHERE TO THE BAYH-DOLE ACT ARE CONTRACTED TO KANSAS STATE UNIVERSITY RESEARCH FOUNDATION BY KSU. IF THE KANSAS STATE UNIVERSITY RESEARCH FOUNDATION DID NOT EXIST, KSU WOULD STILL BE REQUIRED TO CONFORM TO THESE REQUIREMENTS.
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