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KANSAS STATE UNIVERSITY INSTITUTE FOR COMMERCIALIZATION

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Tax-exempt status may be revoked

KANSAS STATE UNIVERSITY INSTITUTE FOR COMMERCIALIZATION

EIN 48-1150841

What they do

to CREATE and SUSTAIN A FORMAL NETWORK THAT WILL SUPPORT TECHNOLOGY ADVANCEMENT TRANSFER, EDUCATION and SCIENTIFIC RESEARCH.

Before you give

Should I give to this charity?

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2018The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders8 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

76.79%of revenue went to mission work100.0% of expenses · Program services
$76.79spent for every $100 of revenueRevenue covered expenses this year.
21.7%of its money came from giftsOther money may come from services or investments.

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  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $17,982 for KENT GLASSCOCK (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2018

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$3,394,285
Mission workProgram services$2,606,62476.79% of revenue100.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$787,66123.21% of revenueShown in gray on the chart
Total expenses$2,606,62476.79% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2018CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 76.79% of revenue
2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 149.62% of revenue
2016Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 161.90% of revenue

Money in and money out

Revenue$3,394,285
Expenses$2,606,624
Annual surplus $787,661 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,606,624 · 100.0% of expenses
See all reported dollar amounts
Revenue$3,394,285
Expenses$2,606,624
Contributions$736,456
Mission work (program services)$2,606,624
Grants given$864,360
Average grant$216,090
Accounting fees$6,945
People

Leadership and board

Tax year 2018

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
KENT GLASSCOCKPRESIDENT · 1 hrs/week $17,982Base · Other $17,982
VICKI APPELHANSVICE PRESIDENT · 1 hrs/week $17,138Base · Other $17,138

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (8)

KENT GLASSCOCKPRESIDENT

VICKI APPELHANSVICE PRESIDENT

CYNTHIA ENRIGHTDIRECTOR

JEFF MORRISDIRECTOR

LYLE BUTLERDIRECTOR

PETER DORHOUTDIRECTOR

RON TREWYNCHAIRMAN

SUE PETERSONVICE CHAIR

About this charity

Location
2005 RESEARCH PARK CIRCLE, MANHATTAN, KS 665025020
County
Riley
In care of
KENT GLASSCOCK
Primary officer
KENT GLASSCOCK, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2018
Tax period began
July 1, 2018
Return type
990
Tax preparer
VARNEY & ASSOCIATES CPAS LLC
Grant-giving organization
Yes
Revocation date
November 15, 2022

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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