Bioscience & Technology Business Center Inc
Public records raise at least one point you should look into before giving.
What it says it does
THE ORGANIZATION'S MISSION IS TO CREATE, RECRUIT, GROW AND RETAIN TECHNOLOGY AND BIOSCIENCE BUSINESSES IN NORTHEAST KANSAS WITH THE ULTIMATE VISION TO BUILD A MORE MODERN, RESILIENT AND DIVERSE REGIONAL ECONOMY.
- Income
- $4.9 million
- Spending
- $5.3 million
- Employees
- 18
- Volunteers
- 11
- Highest pay
- $318,579, vp finance
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- IN 2024, THE BIOSCIENCE AND TECHNOLOGY BUSINESS CENTER (BTBC), DOING BUSINESS AS KU INNOVATION PARK (THE PARK), CONTINUED ITS EFFORTS TO CREATE, RECRUIT, GROW, AND RETAIN TECHNOLOGY AND BIOSCIENCE COMPANIES IN NORTHEAST KANSAS, WITH THE GOAL OF BUILDING A MORE MODERN, RESILIENT, AND DIVERSE REGIONAL ECONOMY. IN MARCH, ADAM COURTNEY, A LONGTIME EMPLOYEE AND CHIEF FINANCIAL OFFICER, WAS NAMED CEO AFTER SERVING AS INTERIM CEO FOR SEVERAL MONTHS. THE PARK SECURED 22 MILLION IN FEDERAL FUNDING FOR ITS NEXT FACILITY, THE PHASE IV BUILDING, WHICH WILL HOUSE THE KANSAS NATIONAL SECURITY INNOVATION CENTER, AMONG OTHER ENTITIES. THE PARK EXPANDED ITS STAFF BY HIRING CHRIS REHKAMP AS THE DIRECTOR OF BUSINESS SERVICES, PROVIDING AN IMMEDIATE BOOST TO SUPPORT FOR STARTUP AND ESTABLISHED COMPANIES WITHIN ITS FACILITIES AND BEYOND. THE PHASE III FACILITY REACHED CAPACITY IN MAY, HOUSING 11 COMPANIES FROM VARIOUS INDUSTRIES, INCLUDING ENGINEERING AND ARCHITECTURE, BIOSCIENCE AND ANIMAL HEALTH, AND GOVERNMENT AGENCIES. THE PARK LAUNCHED MULTIPLE NEW PROGRAMS, INCLUDING FREE MONTHLY LUNCH-AND-LEARNS ON TOPICS AIMED AT ENTREPRENEURS, A CAPITAL RAISE BOOT CAMP, AND LAID THE GROUNDWORK FOR AN ACCELERATOR PROGRAM SCHEDULED FOR JANUARY 2025 TO HELP UNIVERSITY RESEARCHERS BRING DISCOVERIES TO MARKET. THROUGHOUT 2024, THE PARK ADDED FOUR COMPANIES, BRINGING ITS TOTAL TO 74, WHICH CREATED 70 JOBS AND ADDED OVER 700,000 TO THE ANNUAL PAYROLL, TOTALING 750 JOBS AND A 49.7 MILLION ANNUAL PAYROLL ACROSS THE PARK SYSTEM. THANKS TO A GRANT FROM THE KANSAS DEPARTMENT OF COMMERCE, THE PARK CREATED A NEW CAPITAL OPTION, THE OREAD ANGEL INVESTORS NETWORK. IN ITS FIRST PITCH EVENT, NETWORK MEMBERS INVESTED OVER 500,000 IN STARTUPS AFFILIATED WITH THE UNIVERSITY OF KANSAS OR THE PARK. OVERALL, THE PARK CONTINUES TO SERVE THE NEEDS OF BIOSCIENCE AND TECHNOLOGY COMPANIES BY PROVIDING: 1) SPECIALIZED LAB AND OFFICE SPACE ON THE WEST CAMPUS OF THE UNIVERSITY OF KANSAS, 2) BUSINESS DEVELOPMENT SERVICES, 3) ACCESS TO THE UNIVERSITY IN A VARIETY OF WAYS, INCLUDING COLLABORATIVE RESEARCH, LAB ACCESS AND A TALENT PIPELINE, 4) RECRUITMENT AND RELOCATION ASSISTANCE, 5) ACCESS TO CAPITAL THROUGH THE ANGEL NETWORK, VARIOUS VENTURE CAPITAL PARNTERS, AND THROUGH EDUCATION AND SUPPORT FOR GRANT APPLICATIONS, AND 6) ACCESS TO THE VAST NETWORK OF RESOURCES THE PARK HAS CREATED THROUGH COLLABORATION AND PARTNERSHIP. IN 2024, THE BIOSCIENCE AND TECHNOLOGY BUSINESS CENTER (BTBC), DOING BUSINESS AS KU INNOVATION PARK (THE PARK), CONTINUED ITS EFFORTS TO CREATE, RECRUIT, GROW, AND RETAIN TECHNOLOGY AND BIOSCIENCE COMPANIES IN NORTHEAST KANSAS, WITH THE GOAL OF BUILDING A MORE MODERN, RESILIENT, AND DIVERSE REGIONAL ECONOMY. IN MARCH, ADAM COURTNEY, A LONGTIME EMPLOYEE AND CHIEF FINANCIAL OFFICER, WAS NAMED CEO AFTER SERVING AS INTERIM CEO FOR SEVERAL MONTHS. THE PARK SECURED 22 MILLION IN FEDERAL FUNDING FOR ITS NEXT FACILITY, THE PHASE IV BUILDING, WHICH WILL HOUSE THE KANSAS NATIONAL SECURITY INNOVATION CENTER, AMONG OTHER ENTITIES. THE PARK EXPANDED ITS STAFF BY HIRING CHRIS REHKAMP AS THE DIRECTOR OF BUSINESS SERVICES, PROVIDING AN IMMEDIATE BOOST TO SUPPORT FOR STARTUP AND ESTABLISHED COMPANIES WITHIN ITS FACILITIES AND BEYOND. THE PHASE III FACILITY REACHED CAPACITY IN MAY, HOUSING 11 COMPANIES FROM VARIOUS INDUSTRIES, INCLUDING ENGINEERING AND ARCHITECTURE, BIOSCIENCE AND ANIMAL HEALTH, AND GOVERNMENT AGENCIES. THE PARK LAUNCHED MULTIPLE NEW PROGRAMS, INCLUDING FREE MONTHLY LUNCH-AND-LEARNS ON TOPICS AIMED AT ENTREPRENEURS, A CAPITAL RAISE BOOT CAMP, AND LAID THE GROUNDWORK FOR AN ACCELERATOR PROGRAM SCHEDULED FOR JANUARY 2025 TO HELP UNIVERSITY RESEARCHERS BRING DISCOVERIES TO MARKET. THROUGHOUT 2024, THE PARK ADDED FOUR COMPANIES, BRINGING ITS TOTAL TO 74, WHICH CREATED 70 JOBS AND ADDED OVER 700,000 TO THE ANNUAL PAYROLL, TOTALING 750 JOBS AND A 49.7 MILLION ANNUAL PAYROLL ACROSS THE PARK SYSTEM. THANKS TO A GRANT FROM THE KANSAS DEPARTMENT OF COMMERCE, THE PARK CREATED A NEW CAPITAL OPTION, THE OREAD ANGEL INVESTORS NETWORK. IN ITS FIRST PITCH EVENT, NETWORK MEMBERS INVESTED OVER 500,000 IN STARTUPS AFFILIATED WITH THE UNIVERSITY OF KANSAS OR THE PARK. OVERALL, THE PARK CONTINUES TO SERVE THE NEEDS OF BIOSCIENCE AND TECHNOLOGY COMPANIES BY PROVIDING: 1) SPECIALIZED LAB AND OFFICE SPACE ON THE WEST CAMPUS OF THE UNIVERSITY OF KANSAS, 2) BUSINESS DEVELOPMENT SERVICES, 3) ACCESS TO THE UNIVERSITY IN A VARIETY OF WAYS, INCLUDING COLLABORATIVE RESEARCH, LAB ACCESS AND A TALENT PIPELINE, 4) RECRUITMENT AND RELOCATION ASSISTANCE, 5) ACCESS TO CAPITAL THROUGH THE ANGEL NETWORK, VARIOUS VENTURE CAPITAL PARNTERS, AND THROUGH EDUCATION AND SUPPORT FOR GRANT APPLICATIONS, AND 6) ACCESS TO THE VAST NETWORK OF RESOURCES THE PARK HAS CREATED THROUGH COLLABORATION AND PARTNERSHIP.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 2008.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.