2023-11-15T10:21:46-05:00 2022-12-31 480969601 SSC ADVISORS INC 3320 CLINTON PARKWAY COURT SUITE 1 LAWRENCE KS 66047 990 2022-01-01 205349674 BIOSCIENCE & TECHNOLOGY BUSINESS CENTER INC BIOS 7858322110 2029 BECKER DR LAWRENCE KS 66044 ADAM COURTNEY VP FINANCE 7858322110 2023-11-01 true ADAM COURTNEY XXX-XX-XXXX true MICHELE C HAMMANN CPA P00624381 7858384484 2023-11-14 2022 2023-04-26 12:10:37Z KU INNOVATION PARK ADAM COURTNEY 2029 BECKER DRIVE LAWRENCE KS 66047 13851598 false X KUINNOVATIONPARK.COM/ X 2006 KS 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. 11 11 16 11 0 2835584 11670231 1969776 2154080 1546 1187 -1185 26100 4805721 13851598 0 0 986065 988660 0 0 1829915 3250501 2815980 4239161 1989741 9612437 30111538 44485182 20821276 25632483 9290262 18852699 X 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. false false 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. false true false false false false false false false true false false false true true false false false false false false false false false false false false false true false true false false false false false false false false false true true true false true 3 0 true 16 true false false false false false false false false X 11 11 true true false false true true false true false false false true true true true true true true false false X ADAM COURTNEY 7858322110 2029 BECKER DRIVE LAWRENCE KS 66047 DEREK KWAN SECRETARY 2.00 X X 0 0 0 BART LITTLEJOHN BOARD MEMBER 1.00 X 0 0 0 KAREN WILLEY BOARD MEMBER 1.00 X 0 0 0 DOUGLAS GIROD BOARD MEMBER 1.00 X 0 0 0 BONNIE LOWE BOARD MEMBER 1.00 X 0 0 0 CRAIG OWENS BOARD MEMBER 1.00 X 0 0 0 E LAVERNE EPP EXECUTIVE CH 40.00 X X 215417 0 11337 ROBERT JOHNSON TREASURER 2.00 X X 0 0 0 VALENTINO J STELLA BOARD MEMBER 1.00 X 0 0 0 ROBERT SIMARI BOARD MEMBER 1.00 X 0 0 0 SARAH PLINSKY BOARD MEMBER 1.00 X 0 0 0 ADAM COURTNEY VP FINANCE 40.00 X 190089 0 7037 ROBERT KNAPP EXEC VP OF C 40.00 X 54573 0 3439 460079 21813 2 false true false THE LAW CO 345 RIVERVIEW 3RD FLOOR WICHITA KS 67203 CONSTRUCTION 13602129 MARLAN CONSTRUCTION 701 E 19TH STREET LAWRENCE KS 66044 CONSTRUCTION 770593 2 10182032 1488199 11670231 RENTAL INCOME 1632866 1632866 MANAGEMENT FEE INCOME 255500 255500 ADVISORY SERVICE 205274 205274 INTERNET AND PHONE INCOME 34040 34040 CONTRACTUAL SERVICE 26400 26400 2154080 1187 1187 REIMBURSED EXPENSES 26100 26100 26100 13851598 2180180 1187 460079 441675 18404 417163 403671 13492 47439 40662 6777 63979 54839 9140 65505 20649 44856 11509 11509 18448 18448 5571 5571 45177 45177 32146 20412 11734 1640035 1639078 957 9059 9059 559174 559174 690885 690885 146318 143491 2827 GRANT EXPENSE 15834 15834 BUSINESS RELATIONS 10840 10840 4239161 4041210 197951 0 49327 343608 2013330 5095376 615866 538225 254050 294439 48926 45702 43064634 5208699 26760730 37855935 369309 311897 30111538 44485182 3758348 1727490 761625 112319 15274554 23461315 1026749 331359 20821276 25632483 X 9290262 18852699 9290262 18852699 30111538 44485182 9612437 -50000 X X true X false true true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41484079 4404633 37079446 870530 804066 66464 710025 710025 37855935 CONTRUCTION RETAINAGE PAYABLE 243063 LEASE DEPOSITS 88296 331359 X SCHEDULE D, PAGE 3, PART X 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. X false false false E LAVERNE EPP EXECUTIVE CHAIR 215417 11337 226754 ADAM COURTNEY VP FINANCE 190089 7037 197126 KAW INC 35% CONTROLLED ENTIT WORKING CAPITAL X 299999 294439 false true false 294439 FORM 990 - ORGANIZATION'S MISSION 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. FORM 990, PAGE 2, PART III, LINE 4A 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. FORM 990, PAGE 6, PART VI, LINE 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 FORM 990, PAGE 6, PART VI, LINE 3 CONTRACTS WITH KAW, INC AND LRTC TO PROVIDE MANAGEMENT, PROPERTY MANAGEMENT AND CLIENT SERVICE. FORM 990, PAGE 6, PART VI, LINE 6 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. FORM 990, PAGE 6, PART VI, LINE 7A CLASS A DIRECTORS ELECT CLASS B DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 8B THE COMMITTEES OF THE ORGANIZATION ARE ADVISORY IN NATURE AND DO NOT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BOARD. FORM 990, PAGE 6, PART VI, LINE 11B 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. FORM 990, PAGE 6, PART VI, LINE 12C 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. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD REVIEWS AND APPROVES OFFICERS' COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 ALL RELEVANT DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST IN EITHER PAPER OR DIGITAL FORMAT. FORM 990, PAGE 12, PART XII, LINE 3B THE ORGANIZATION WAS IN THE PROCESS OF COMPLETING THE REQUIRED AUDIT AT THE TIME OF PREPARATION OF THE 990. LAWRENCE REGIONAL TECHNOLOGY CENTER 2029 BECKER DRIVE LAWRENCE KS 66047 481150844 SERVICE KS 501C3 PF N/A false KAW INC 2029 BECKER DRIVE LAWRENCE KS 66047 481153078 MANAGEMENT KS N/A C CORP -4576 1076377 1.00000 true false false false true false false false false false false false true false true false false false false false KAW INC D 294439 FMV KAW INC L 6000 FMV LAWRENCE REGIONAL TECHNOLOGY CENTER D 42201 FMV LAWRENCE REGIONAL TECHNOLOGY CENTER L 6000 FMV