2026-05-14T15:12:06-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 475 REGENCY PARK SUITE 175 OFALLON IL 62269 990 2024-07-01 486033927 UNIVERSITY OF KANSAS MEMORIAL CORPORATION UNIV 7858645215 1301 JAYHAWK BOULEVARD LAWRENCE KS 66045 JACK KREDO EXECUTIVE DIRECTOR 7858645215 2026-05-13 1 0 ERIKA MARTINEZ P02297196 6182331200 2026-05-13 2024 2025-03-06 01:10:19Z JACK KREDO 1301 JAYHAWK BOULEVARD LAWRENCE KS 66045 42564967 0 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. 14 4 962 5 691402 4710 30774 34259 38568998 40143471 178816 146306 2785734 2240931 41564322 42564967 0 6647 0 0 12229030 12792702 0 0 0 26702540 28547276 38931570 41346625 2632752 1218342 34497896 34473767 18268720 17026249 16229176 17447518 X 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 DEBRUCE CENTER, RESIDENTIAL DINING HALLS, AND OTHER UNIVERSITY PROPERTIES ON CAMPUS. 0 0 40164788 6647 40825478 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, BURGE UNION, 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 DINING 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. 40164788 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 69 0 1 962 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 14 4 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 KS X JACK KREDO 7853937242 1301 JAYHAWK BOULEVARD LAWRENCE KS 66045 BARBARA BICHELMEYER CHAIR, PROVOST 1.00 40.00 X X 0 464795 55623 TAMMARA DURHAM VICE PROVOST FOR STUDENT AFFAIRS 1.00 40.00 X X 0 263158 50494 JEFFREY DEWITT CHIEF FINANCIAL OFFICER 1.00 40.00 X X 0 361699 47145 JASON HORNBERGER VICE PROVOST FOR FINANCE 1.00 40.00 X X 0 284053 45617 JACK KREDO EXECUTIVE DIRECTOR, KU MEMORIAL UNIONS 40.00 0.00 X X 142615 0 28173 JESSICA BOYLE DIRECTOR, HR (TERM END 4/25) 40.00 0.00 X 107184 0 30356 BAILEE MYERS DIRECTOR, MARKETING AND PROGRAMS 40.00 0.00 X 77940 0 5979 ALEX TODD DIRECTOR, KU BOOKSTORE 40.00 0.00 X 93393 0 26903 LINDSAY ROBINSON DIRECTOR, DINING 40.00 0.00 X 95721 0 27074 BRIAN BROXTERMAN DIRECTOR, BUILDING SERVICES 40.00 0.00 X 106399 0 25329 MIKE AYRES DIRECTOR, FINANCES 40.00 0.00 X 44135 0 1622 EMMA SAVILLE BOARD MEMBER (TERM END 12/24) 1.00 0.00 X 0 0 0 SLOANE SMITH BOARD MEMBER 1.00 0.00 X 0 0 0 MEGAN STOPPERAN BOARD MEMBER 1.00 0.00 X 0 0 0 BRANDEN FALEN BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID COHEN BOARD MEMBER 1.00 0.00 X 0 0 0 667387 1373705 344315 3 0 1 0 0 34259 34259 BOOKSTORE AND DINING REVENUE 455000 37227051 36535649 691402 STUDENT FEES 611710 2916420 2916420 40143471 122806 122806 45833 0 45833 45833 45833 23500 0 23500 23500 23500 BUILDING SERVICE CHARGES 531390 1373409 1373409 BEVERAGE CONTRACT INCOME 722515 228492 228492 MISCELLANEOUS INCOME 900099 161062 161062 432135 432135 2195098 42564967 40825478 691402 1013828 6647 6647 178537 178537 10704186 10384803 319383 292931 292931 940514 913672 26842 676534 638142 38392 8018 8018 49652 49652 1145481 934942 210539 502815 469321 33494 853427 816587 36840 491696 425271 66425 1771479 1769603 1876 244240 211681 32559 28058 24318 3740 78992 9819 69173 1330227 1256022 74205 265166 264557 609 BOOKSTORE & DINING COST 18015262 18015262 UNION & UNIVERSITY SERV 1184760 1184760 LEASE & RENTALS 961368 957992 3376 BAD DEBT EXPENSE 604058 604058 1012577 984400 28177 41346625 40164788 1181837 0 6871049 4939135 4677814 4768670 3457238 2578712 2545166 318539 400859 31666878 26598208 5696974 5068670 14263952 13384885 34497896 34473767 3455625 3005083 176986 182212 12131266 10613292 2504843 3225662 18268720 17026249 X 16229176 17447518 16229176 17447518 34497896 34473767 1218342 0 X 0 1 X 0 0 X 3063851 5465664 2813430 2990720 2950679 17284344 3063851 5465664 2813430 2990720 2950679 17284344 17284344 54896 37336 0 178816 168639 439687 0 0 7654 49345 5710 62709 615812 161062 776874 18563614 166531509 0.93110 0.95420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 260056 12733 272789 243411 16645 260056 248515 -5104 243411 290302 -41787 248515 120249 140000 30053 290302 0.00000 0.00000 1.00000 0 1 1 14498621 10706370 3792251 5843598 4567179 1276419 11324659 11324659 0 5068670 RIGHT OF USE ASSET 10299631 IMPROVEMENTS TO STATE PROPERTY 3085254 13384885 STUDENT UNION BUILDING REPAIR, IMPROVEMENT AND EQUIPMENT FUND LIABLILITIES 3225662 3225662 X 42564967 0 42564967 0 42564967 41346625 0 41346625 0 41346625 PART X, LINE 2: 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, 2025 AND 2024. X X X 0 0 0 0 0 0 0 0 0 BARBARA BICHELMEYER CHAIR, PROVOST 0 451416 0 0 0 13379 0 29325 0 26298 0 520418 0 0 JEFFREY DEWITT CHIEF FINANCIAL OFFICER 0 338286 0 0 0 23413 0 29325 0 17820 0 408844 0 0 JASON HORNBERGER VICE PROVOST FOR FINANCE 0 276079 0 0 0 7974 0 25106 0 20511 0 329670 0 0 TAMMARA DURHAM VICE PROVOST FOR STUDENT AFFAIRS 0 256113 0 0 0 7045 0 22855 0 27639 0 313652 0 0 JACK KREDO EXECUTIVE DIRECTOR, KU MEMORIAL UNIO 142615 0 0 0 0 0 8409 0 19764 0 170788 0 0 0 PART I, LINE 3 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, SECTION A, LINE 1A 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, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS REVIEWED BY KUMU'S EXECUTIVE DIRECTOR AND DIRECTOR OF FINANCE FOR ANY CHANGES. A COPY IS MADE AVAILABLE TO THE TREASURER PRIOR TO FILING AND THEN TO THE REMAINING MEMBERS OF THE BOARD OF DIRECTORS AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12C 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, SECTION B, LINE 15 PROCESS TO ESTABLISH TOP MANAGEMENT OFFICIAL COMPENSATION IS ANSWERED NO IN ACCORANCE 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, A SALARY SURVERY, A JOB PERFORMANCE REVIEW, AND ANALYSIS AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. ALL SUPPORT IS DOCUMENTED. THE DIRECTOR OF THE UNIVERSITY OF KANSAS MEMORIAL CORPORATION SETS THE SALARIES OF THE OTHER OFFICERS. THE PROCEDURES UTILIZED INLCUDE A JOB PERFORMANCE REVIEW PROCESS AND INDEPENDENT SALARY CONSULTANT WHO PROVIDES A SALARY SURVERY USING RESEARCH, AND ANALYSIS AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. ALL SUPPORT IS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. UNIVERSITY OF KANSAS 1450 JAYHAWK BLVD LAWRENCE KS 66045 481124839 POST SECONDARY EDUCATION KS 501(C)(1) N/A 0 UNIVERSITY OF KANSAS CENTER FOR RESEARCH INC 2385 IRVING HILL RD LAWRENCE KS 66045 480680117 RESEARCH KS 501(C)(3) 10 UNIVERSITY OF KANSAS 0 KU HEALTH PARTNERS INC 3901 RAINBOW BLVD MAIL STOP 2011 KANSAS CITY KS 66160 481149398 HEALTHCARE KS 501(C)(3) 5 UNIVERSITY OF KANSAS 0 UNIVERSITY OF KANSAS MEDICAL CENTER RESEARCH INSTITUTE INC 3901 RAINBOW BLVD KANSAS CITY KS 66160 481008830 ADMINISTRATION KS 501(C)(3) 12 TYPE I UNIVERSITY OF KANSAS 0 KU CENTER FOR TECHNOLOGY COMMERCIALIZATION INC 3901 RAINBOW BLVD MAIL STOP 1039 KANSAS CITY KS 66160 262838693 PATENTS KS 501(C)(3) 12 TYPE I UNIVERSITY OF KANSAS 0 KU MEDICAL CENTER RESEARCH PROPERTIES 3901 RAINBOW BLVD KANSAS CITY KS 66160 481172394 REAL ESTATE KS 501(C)(2) UNIVERSITY OF KANSAS 0 STUDENT UNION CORP OF THE UNIVERSITY OF KANSAS MEDICAL CENTER 3901 RAINBOW BLVD KANSAS CITY KS 66160 480581966 RETAIL KS 501(C)(3) 10 UNIVERSITY OF KANSAS 0 KANSAS ATHLETICS INCORPORATED 1651 NAISMITH DRIVE LAWRENCE KS 66045 486033929 ATHLETICS KS 501(C)(3) 10 UNIVERSITY OF KANSAS 0 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 0 THE CHILDRENS CAMPUS OF KANSAS CITY INC 444 MINNESOTA AVE 100 KANSAS CITY KS 66101 200905393 SUPPORTING ORGANIZATION KS 501(C)(3) 12 TYPE I KU KUCR THE FAMILY CONSERVANCY 0 KANSAS LIFE SCIENCE DEVELOPMENT COMPANY INC 3901 RAINBOW BLVD MAIL STOP 1029 KANSAS CITY KS 66160 811725831 INVESTING KS UNIVERSITY OF KANSAS C 0 0 0 0 0 1 0 0 0 0 1 0 0 1 1 1 1 0 1 0