2024-05-15T10:52:54+00:00 2023-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2022-07-01 486033927 University of Kansas Memorial Corporation UNIV 7858645215 1301 Jayhawk Boulevard Lawrence KS 66045 Jack Kredo Interim Executive Director 2024-05-15 true Jack Kredo 999009999 Mallory Fairless P01321579 3128997000 2022 2023-04-26 12:10:37Z Jack Kredo (beg 41224) 1301 Jayhawk Boulevard Lawrence KS 66045 38163662 false X WWW.UNION.KU.EDU X 1921 KS THE MEMORIAL UNIONS FUNCTION AS A CONCESSIONAIRE TO THE UNIVERSITY OF KANSAS FOR THE PURPOSE OF OPERATING VARIOUS ENTERPRISES WITHIN THE KANSAS UNION BUILDING, THE BURGE UNION, THE EDWARDS CAMPUS UNION, RESIDENTIAL DINING HALLS, AND OTHER UNIVERSITY PROPERTIES ON CAMPUS. 25 20 1142 20 831054 -11806 2596390 47745 29967566 33050825 37336 -16031 1974749 5081123 34576041 38163662 0 0 0 0 9818360 10608370 0 0 0 24168726 26959980 33987086 37568350 588955 595312 21303127 32665399 8296911 19068975 13006216 13596424 THE MEMORIAL UNIONS FUNCTION AS A CONCESSIONAIRE TO THE UNIVERSITY OF KANSAS FOR THE PURPOSE OF OPERATING VARIOUS ENTERPRISES WITHIN THE KANSAS UNION BUILDING, THE BURGE UNION, THE EDWARDS CAMPUS UNION, RESIDENTIAL DINING HALLS, AND OTHER UNIVERSITY PROPERTIES ON CAMPUS. false false 36273158 33653547 The KU Memorial Union serves as KU's community center. By its nature, it provides an environment in which all voices can be heard and conversations can occur. Through openness, engagement and inclusiveness, the Union supports student aspirations for a better KU and community-at-large. Through its operation of the Kansas Union, the DeBruce Center, KU Dining Services and the KU Bookstore, the Union facilitates community exchange by providing engaging environments and compelling programs for students, staff, faculty, alumni and visitors. KUMU fulfills its exempt purpose through: Food service and residential dinning by providing meals for University students; Union concessions by providing additional food and supplies to University students; and Bookstore operations by providing school books and supplies to University students. 36273158 true false false false false false false false true true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 69 0 true 1142 true true true false false false false false false false false false false false X 25 20 false false false false false false false true true false false false true true true true true false false false KS X Jack Kredo 7853937242 1301 Jayhawk boulevard Lawrence KS 66045 JJ O'Toole-Curran Interim Director, KU Memorial Union 45.0 0.0 X X 129990 0 7161 Katrina Yoakum KU Comptroller, Treasurer 1.0 40.0 X X 0 163828 37387 Lisa Kring Secretary / Director Building & IT 40.0 0.0 X X 73931 0 20359 Tammara Durham Vice President & Board Member 1.0 40.0 X X 0 225272 47016 Thanh Tan Nguyen President 1.0 40.0 X X 2929 0 0 Abdullah Al-Awhad Board Member 1.0 0.0 X 0 0 0 Alessia Roark Board Member 1.0 0.0 X 0 0 0 Ashley Herda Board Member 1.0 0.0 X 0 0 0 Aylar Atadurdyyeva Board Member 1.0 0.0 X 0 0 0 Chris Rosetti Board Member 1.0 0.0 X 0 0 0 Colin Campbell Board Member 1.0 0.0 X 0 0 0 Craig Penzler Board Member 1.0 0.0 X 0 0 0 Faith Lopez Board Member 1.0 0.0 X 0 0 0 Jordan Gill Board Member 1.0 0.0 X 0 0 0 Josepha Kamseu Board Member 1.0 0.0 X 0 0 0 Karame Laajane Board Member 1.0 0.0 X 0 0 0 Mark Best Board Member 1.0 0.0 X 0 119632 29640 Michael Gentry Board Member 1.0 0.0 X 0 0 0 Mikayla Leader Board Member 1.0 0.0 X 0 0 0 Natalie George Board Member 1.0 0.0 X 0 0 0 Paul Wise Board Member 1.0 0.0 X 0 0 0 Sadie Williams Board Member 1.0 0.0 X 0 0 0 Sanjay Mishra Board Member 1.0 0.0 X 0 0 0 Steve Munch Board Member 1.0 0.0 X 0 0 0 Wesley Pittack Board Member 1.0 0.0 X 0 0 0 David Mucci Former Director, KU Memorial Union (until 6/30/2022) 40.0 0.0 X 120977 0 12510 327827 508732 154073 2 true true false 0 47745 47745 Bookstore & Dining Revenue 451211 30285140 29454086 831054 STUDENT FEES 611710 2765685 2765685 0 0 0 0 33050825 -16031 -16031 0 0 0 0 BUILDING SERVICE CHARGES 531390 1433776 1433776 BEVERAGE CONTRACT INCOME 722515 216603 216603 Commerce Shipping Income 722515 154702 154702 3276042 0 0 3276042 5081123 38163662 33653547 831054 3631316 X 327827 0 327827 0 8440357 8321065 119292 190850 171534 19316 1180244 1028306 151938 469092 442288 26804 41418 1560 39858 31381 2416 28965 3965779 3939659 26120 0 231888 230024 1864 1958297 1796648 161649 560149 488638 71511 1945276 1929523 15753 92896 87290 5606 181384 73571 107813 1871916 1743450 128466 294733 246446 48287 Bookstore & Dining Cost of Goods Sold 14104473 14104473 Supplies 365487 352358 13129 University Assessment 445000 445000 Laundry 185735 185735 684168 683174 994 0 37568350 36273158 1295192 0 3123048 4168450 3374014 3870949 0 0 0 0 2387935 2703361 238690 271338 31165793 24603570 7789277 6562223 0 0 4390163 15089078 21303127 32665399 3364256 3384231 163230 133972 0 0 4101660 13975916 667765 1574856 8296911 19068975 X 12981816 13596424 24400 0 13006216 13596424 21303127 32665399 X 595312 -5104 X false true X false false X 2985517 2928533 3063851 5465664 2813430 17256995 0 0 2985517 2928533 3063851 5465664 2813430 17256995 0 17256995 366135 294454 317896 37336 0 1015821 0 0 0 0 0 0 0 0 0 0 0 0 18272816 157129825 0.9444 0.9219 X 248515 -5104 243411 290302 -41787 248515 120249 140000 30053 290302 117808 2441 120249 110807 7001 117808 0.0 0.0 1.0 false true true 14356851 8698996 5657855 5826235 4921867 904368 10982707 10982707 0 6562223 IMPROVEMENTS TO STATE PROPERTY 3920021 Right of Use Lease Asset - Operating 11169057 15089078 Student Union Renovation Fund 340940 STUDENT UNION BUILDINGS REPAIR, IMPROVEMENT AND EQUIPMENT FUND ( SUBRIE) LIAB 1233916 1574856 X 38158558 -5104 -5104 38163662 0 0 38163662 37568350 0 0 37568350 0 0 37568350 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Corporation follows guidance issued by the Financial Accounting Standards Board (FASB) with respect to accounting for uncertainty in income taxes. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit will be recorded. The Corporation does not expect the total amount of unrecorded tax benefits to significantly change in the next 12 months. The Corporation recognizes interest and/or penalties related to income tax matters in income tax expense. The Corporation did not have any amounts accrued for interest and penalties at June 30, 2023 and 2022. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 UNREALIZED (LOSS )/ GAIN ON DEPOSITS WITH KUEA - -5104 X X X false false false false false false false false false Tammara Durham Vice President & Board Member 0 218627 0 0 0 6645 0 20669 0 26347 0 272288 0 0 Katrina Yoakum KU Comptroller, Treasurer 0 163452 0 0 0 376 0 14672 0 22715 0 201215 0 0 David Mucci Former Director, KU Memorial Union (until 6/30/2022) 120977 0 0 0 0 0 3907 0 8603 0 133487 0 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation COMPENSATION FOR THE DIRECTOR OF THE UNIVERSITY OF KANSAS MEMORIAL CORPORATION IS ESTABLISHED BY A RELATED ENTITY, THE UNIVERSITY OF KANSAS. THE COMPENSATION SETTING PRACTICE UTILIZED BY THE UNIVERSITY INCLUDES AN INDEPENDENT COMPENSATION CONSULTANT AND A SALARY SURVEY, AS WELL AS A JOB PERFORMANCE REVIEW and Approval by the board or compensation committee. Form 990, Part VI, Line 15a Process to Establish top management official Compensation LINE 15A IS ANSWERED NO IN ACCORDANCE WITH THE IRS FORM 990 INSTRUCTIONS, AS COMPENSATION OF THE DIRECTOR OF THE UNIVERSITY OF KANSAS MEMORIAL CORPORATION IS ESTABLISHED BY A RELATED ENTITY, THE UNIVERSITY OF KANSAS. THE COMPENSATION SETTING PRACTICE UTILIZED BY THE UNIVERSITY INCLUDES AN INDEPENDENT COMPENSATION CONSULTANT AND A SALARY SURVEY, AS WELL AS A JOB PERFORMANCE REVIEW. Form 990, Part VI, Line 15b PROCESS TO ESTABLISH COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES LINE 15B, OTHER OFFICERS - THE DIRECTOR OF THE UNIVERSITY OF KANSAS MEMORIAL CORPORATION SETS THE SALARIES OF THE OTHER OFFICERS. THE PROCEDURES UTILIZED INCLUDE A JOB PERFORMANCE REVIEW PROCESS, AN INDEPENDENT SALARY CONSULTANT WHO PROVIDES A SALARY SURVEY using research ,and analysis and Approval by the board or compensation committee. All support is documented. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee shall be appointed by the Board of Directors. The Executive Committee shall have not more than ten (10) members with the President of the Memorial Corporation or the president's designee as chairperson and other members as follows: Immediate Past President, Vice President and Treasurer of the Memorial Corporation, Director of the UK Memorial Unions, President of Student Union Activities, President of the Student Body, Chairperson of the Student Senate University Affairs Committee and two other members of the Board of Directors to be elected by such Board. Four of the members of the Executive Committee shall be students. The Executive Committee of the Board of Directors shall have all the powers of the Board of Directors except the power of filling vacancies. Form 990, Part VI, Line 11b Review of form 990 by governing body A DRAFT OF THE FORM 990 IS REVIEWED BY THE organization's UNION DIRECTOR AND Controller FOR ANY CHANGES. A COPY IS MADE AVAILABLE TO THE TREASURER PRIOR TO FILING, AND TO THE REMAINING MEMBERS OF THE BOARD OF DIRECTORS AFTER FILING. Form 990, Part VI, Line 12c Conflict of interest policy Annually, all interested persons (Officers, directors, trustees and key employees) are required to review and disclose any actual or potential conflicts of interest with the organization. Subsequent to this disclosure, the executive committee reviews to make a determination as to whether a COI exists. If it is determined that a COI exists, certain restrictions, such as abstaining from voting on matters for which there is a conflict, are imposed. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Other Income - Total Revenue: 2686877, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 2686877; Building Income - Total Revenue: 53321, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 53321; Projectionist Income - Total Revenue: 29151, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 29151; Misc Income - Total Revenue: 206118, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 206118; AR Other Charges - Total Revenue: 20560, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 20560; AR Gratuities - Total Revenue: 274911, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 274911; Misc Income adj for KUEA unrealized loss - Total Revenue: 5104, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 5104; Form 990, Part IX, Line 11g Other Fees Other Services - Total Expense: 855318, Program Service Expense: 829198, Management and General Expenses: 26120, Fundraising Expenses: ; Grubhub Expense - Total Expense: 3110461, Program Service Expense: 3110461, Management and General Expenses: , Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances UNREALIZED LOSS / (GAIN) ON DEPOSITS WITH KUEA - -5104; UNIVERSITY OF KANSAS 1450 JAYHAWK BLVD LAWRENCE KS 66045 481124839 POST SECONDARY EDUCATION KS 501(c)(1) NA false UNIVERSITY OF KANSAS CENTER FOR RESEARCH INC 2385 IRVING HILL RD LAWRENCE KS 66045 480680117 AMINISTRATION KS 501(c)(3) 9 UNIVERSITY OF KANSAS false KU HEALTH PARTNERS INC 3901 RAINBOW BLVD MAIL STOP 2011 KANSAS CITY KS 66160 481149398 HEALTH CARE KS 501(c)(3) 5 UNIVERSITY OF KANSAS false UNIVERSITY OF KANSAS MEDICAL CENTER RESEARCH INSTITUTE INC 3901 RAINBOW BLVD KANSAS CITY KS 66160 481008830 ADMINISTRATION KS 501(c)(3) Type I UNIVERSITY OF KANSAS false KU CENTER FOR TECHNOLOGY COMMERCIALIZATION INC 3901 RAINBOW BLVD MAIL STOP 1039 KANSAS CITY KS 66160 262838693 PATENTS KS 501(c)(3) Type I UNIVERSITY OF KANSAS false KU MEDICAL CENTER RESEARCH PROPERTIES 3901 RAINBOW BLVD KANSAS CITY KS 66160 481172394 REAL ESTATE KS 501(c)(2) UNIVERSITY OF KANSAS false STUDENT UNION CORPORATION OF THE UNIVERSITY OF KANSAS MEDICAL CENTER 3901 RAINBOW BLVD KANSAS CITY KS 66160 480581966 RETAIL KS 501(c)(3) 9 UNIVERSITY OF KANSAS false KANSAS ATHLETICS INCORPORATED 1651 NAISMITH DR LAWRENCE KS 66045 486033929 ATHLETICS KS 501(c)(3) 9 UNIVERSITY OF KANSAS false KU Campus Development Corporation 1450 JAYHAWK BLVD LAWRENCE KS 66045 810754858 Funding and management of campus improvements KS 501(c)(3) 5 UNIVERSITY OF KANSAS false false false false false true false false false false true false false true true true true false true false