EIN 20-5349674

KU Innovation Park

IRS 501(c) type
501(c)(6)
Num. employees
17
State
Year formed
2006
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The KU Innovation Park in Lawrence, Kansas, represents a unique partnership between local and state entities united to expand the local economy by promoting the local bioscience and technology industries.
Also known as...
Bioscience and Technology Business Center; Lawrence Douglas County Biosciences Authority
Total revenues
$6,583,194
2023
Total expenses
$4,957,306
2023
Total assets
$45,142,722
2023
Num. employees
17
2023

Program areas at KU Innovation Park

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.

Who funds KU Innovation Park

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
University of Kansas Center for Research (KUCR)Support$400,000

Personnel at KU Innovation Park

NameTitleCompensation
Adam CourtneyVice President Finance$208,841
Derek KwanSecretary$0
Robert JohnsonTreasurer$0
E Laverne EppPresident$168,693
Robert KnappExecutive Vice President of Corporate Relations Connect$54,573
...and 6 more key personnel

Financials for KU Innovation Park

RevenuesFYE 12/2023
Total grants, contributions, etc.$3,841,220
Program services$2,646,787
Investment income and dividends$100,780
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$-5,593
Total revenues$6,583,194

Form 990s for KU Innovation Park

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-08990View PDF
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-05-04990View PDF
2018-122020-01-13990View PDF
...and 9 more Form 990s
Data update history
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 18, 2024
Updated personnel
Identified 2 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 15, 2023
Used new vendors
Identified 1 new vendor, including
May 22, 2023
Used new vendors
Identified 6 new vendors, including , , , , , and
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizations
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
State / local levelReceives government funding
General information
Address
2029 Becker Dr
Lawrence, KS 66047
Metro area
Lawrence, KS
County
Douglas County, KS
Website URL
kuinnovationpark.com/ 
Phone
(785) 832-2110
Facebook page
bioscience-technology-business-center 
Twitter profile
@btbc_ku 
IRS details
EIN
20-5349674
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2006
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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