Overview
What is Bioscience & Technology Business Center Inc?
Based in Lawrence, Kansas, the Bioscience & Technology Business Center Inc, also known as KU Innovation Park, is a thriving nonprofit organization dedicated to fostering technology and bioscience businesses in the northeast Kansas region. Their mission is to create, recruit, grow, and retain these companies, with the ultimate goal of building a more modern, resilient, and diverse local economy. In 2022, they achieved significant progress, opening their newest building, Building Phase III, which provides space for an additional 12-18 businesses, potentially generating 200-250 jobs. The organization serves as a crucial business and economic development contact for life sciences and technology companies interested in the Lawrence and Douglas County region. By offering specialized laboratory and office space on the University of Kansas West Campus, business development services, collaborative research projects, recruitment and relocation assistance, access to capital, and access to a vast network of resources, the Bioscience & Technology Business Center Inc is making a significant impact on the local economy.
Official website here: www.kuinnovationpark.com
Is Bioscience & Technology Business Center Inc legitimate?
Bioscience & Technology Business Center Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Bioscience & Technology Business Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $377,534
Professional Fundraising Fees: $0
Other Salaries and Wages: $473,882
For more financial information, click here
Official website here: www.kuinnovationpark.com
What is the mission statement of Bioscience & Technology Business Center Inc?
The Bioscience & Technology Business Center Inc is dedicated to nurturing the growth and retention of technology and bioscience businesses in the region. With a long-term vision to build a more modern, resilient, and diverse economy, the organization strives to serve as the primary contact for businesses looking to establish themselves in the area.
In 2022, the organization accomplished its goals by opening a new 66,000 square foot building, providing additional space for 12-18 high potential companies, and generating 200-250 jobs. The center offers specialized laboratory and office space, business development services, collaborative research projects, recruitment and relocation assistance, access to capital, and access to a vast network of resources to companies in need. The Bioscience & Technology Business Center Inc aims to create an environment conducive to the success and growth of technology and bioscience businesses.
Official website here: www.kuinnovationpark.com
What is the revenue of Bioscience & Technology Business Center Inc?
Bioscience & Technology Business Center Inc's revenue in 2023 was $6,583,194.
Official website here: www.kuinnovationpark.com
Who are the executives of Bioscience & Technology Business Center Inc and what are their salaries?
The average compensation at Bioscience & Technology Business Center Inc during 2023 was $50,083. There are 17 employees and 13 volunteers at Bioscience & Technology Business Center Inc.
Here are 13 key members and their salaries:
- Compensation: $208,841
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- Other: $19,128
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- Compensation: $168,693
- Related: $0
- Other: $12,312
Official website here: www.kuinnovationpark.com
Where can I find the form 990 for Bioscience & Technology Business Center Inc?
Bioscience & Technology Business Center Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.kuinnovationpark.com
Learn more at the official website: www.kuinnovationpark.com
Mission Statement of Bioscience & Technology Business Center Inc
The Bioscience & Technology Business Center Inc is dedicated to fulfilling a mission that involves creating, recruiting, growing, and retaining technology and bioscience businesses in Northeast Kansas. With a vision to build a more modern, resilient, and diverse regional economy, this organization plays a pivotal role in the scientific and technological community.
In 2022, the Bioscience & Technology Business Center successfully accomplished its goals in multiple areas. Among these achievements was the opening of its newest building, Building Phase III, which added 66,000 square feet of space, providing room for an additional 12-18 companies and generating 200-250 jobs. The organization continues to serve as the leading business and economic development contact for life sciences and technology companies looking to establish a presence in the area.
The Center offers a range of services to meet the needs of these businesses, including specialized laboratory and office space, business development services, collaborative research projects with the University of Kansas, recruitment and relocation assistance, access to capital, and access to a vast network of resources. By providing these services, the Bioscience & Technology Business Center Inc supports the growth and success of technology and bioscience businesses in Northeast Kansas, contributing to a more robust and diverse regional economy.
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Impact
October, 2024
Bioscience & Technology Business Center Inc (BTBC) significantly impacts the economic landscape of Northeast Kansas by fostering the growth and sustainability of technology and bioscience businesses. By creating and recruiting companies, BTBC works to build a modern and resilient regional economy that enhances job opportunities and innovation.
In 2022, BTBC celebrated the opening of its 66,000 square foot Phase III development, which provides critical infrastructure for 12 to 18 additional companies, translating to an estimated 200 to 250 new jobs. This expansion not only bolsters the local economy but also reinforces the region's position as a hub for life sciences and technology.
BTBC offers specialized laboratory and office space on the University of Kansas West Campus, aligning academic resources with industry needs. Their business development services, collaborative research projects with the university, and access to capital position BTBC as a vital resource for emerging companies. Additionally, they assist with recruitment and relocation efforts, enhancing the region's attractiveness to talent and investment.
Overall, BTBC's initiatives are pivotal in creating a diverse, resilient, and thriving economic environment in Lawrence and Douglas County, ultimately benefiting the broader community.
This information is meant to be a general summary of Bioscience & Technology Business Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $100,780
- Program Service Revenue: $2,646,787
- Gross Receipts: $6,583,194
Assets and Liabilities:
- Total Assets: $44,485,182
- Total Liabilities: $25,632,483
- Net Assets: $18,852,699
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,344,004
ADVISORY SERVICE
Revenue
$180,154
MANAGEMENT FEE INCOME
Revenue
$76,500
INTERNET AND PHONE INCOME
Revenue
$37,329
CONTRACTUAL SERVICE
Revenue
$8,800
Organization Details
Founding Year
2006
Principal Officer
Adam Courtney
Website
www.kuinnovationpark.comNTEE Category
Code: S41 - Community improvement
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