$923K in expenses

Operation of the CCKC building:under the supervision of the CCKC board of directors, CCKC manages building operations for the campus. The campus houses three not-for-profit tenants. Rent from each tenant is used to cover building operating costs and debt service costs. CCKC entered into a building operations support contract with one of the building tenants. According to the contract, the tenant assigned a point of contact between the CCKC board of directors, building tenants, and building management company. This point of contact is responsible for coordinating communication between tenants regarding building closures and events in shared building spaces, notifying the building management company of work orders and other tenant requests, and reporting building operations matters to the board of directors. CCKC undertook building operations and the building support contract to satisfy article IV of CCKC's articles of incorporation: "the purpose of the corporation is to operate exclusively for charitable, educational, and scientific purposes, as such terms are defined in section 501(c)(3) of the internal revenue code of 1986, as amended (the "code"). In fulfilling its purpose, the corporation shall be operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of university of kansas center for research, INC., the family conservancy, and the university of kansas, it being the intent to qualify the corporation as a type i supporting organization of such supported organizations under the provisions of section 509(a)(3) of the code."

$60K in expenses

Financing for CCKC building:during fiscal year 2010, CCKC took out a construction loan to finance the remaining building costs. Monthly principal and interest payments are being made on the construction mortgage. CCKC undertook payments toward the building mortgage in order to satisfy article IV of CCKC's articles of incorporation.