2021-11-08T10:18:40-06:00 2020-12-31 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT STE 500 AUBURN HILLS MI 48326 990 2020-01-01 412061387 WAYNE STATE UNIVERSITY RESEARCH AND TECHNOLOGY PARK IN THE CITY OF DETROIT WAYN 3138871639 440 BURROUGHS DETROIT MI 48202 EDWARD B STAEBLER PRESIDENT & CEO 3138871639 2021-10-18 1 EDWARD STAEBLER 999009999 TINA PETERS P00904574 2483757100 2021-10-18 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z TECHTOWN TECHTOWN DETROIT EDWARD B STAEBLER 440 BURROUGHS DETROIT MI 48202 5453364 0 X WWW.TECHTOWNDETROIT.ORG X 2000 MI TECHTOWN IS DETROIT'S ENTREPRENEURSHIP HUB. WE EMPOWER DETROIT-BASED STARTUPS AND LOCAL BUSINESSES BY PROVIDING RESOURCES, COLLABORATIVE WORKSPACE AND EDUCATION FOR ENTREPRENEURS THAT WILL FURTHER ACCELERATE INCLUSIVE ECONOMIC DEVELOPMENT ACROSS DETROIT. TECHTOWN IS A 501(C)(3) NONPROFIT AND IS LOCATED WITHIN THE WOODWARD TECHNOLOGY CORRIDOR SMARTZONE. 34 33 46 36 0 0 3376045 5325268 69273 121706 37698 6390 0 0 3483016 5453364 0 2447971 0 0 2783327 2856387 0 0 206798 3170028 2597392 5953355 7901750 -2470339 -2448386 24032222 20621192 1899151 2237828 22133071 18383364 X TECHTOWN IS DETROIT'S ENTREPRENEURSHIP HUB. WE HELP TECH STARTUPS AND SMALL BUSINESSES DEVELOP, LAUNCH AND GROW. BY OPENING DOORS TO OPPORTUNITY, WE STRENGTHEN OUR CITY, NEIGHBORHOODS AND ECONOMY. 0 0 6518114 2447971 121706 BUSINESS UNITS AND PROGRAMSTECHNOLOGY-BASED ENTREPRENEURSHIP PROGRAMMING - START STUDIO: IDEA-STAGE ACCELERATOR THAT VALIDATES EARLY-STAGE TECH STARTUPS THROUGH CUSTOMER DISCOVERY.-INCUBATOR: AN INTENSE AND DYNAMIC PROGRAM FOCUSED ON HELPING PROMISING TECH STARTUPS MAKE THE TRANSITION INTO PROFITABLE COMPANIES. VIA A COHORT MODEL, TECHTOWN WILL HELP FOUNDERS STRENGTHEN THEIR BUSINESSES IN THREE KEY AREAS: BUSINESS OPERATIONS, TECHNICAL OPERATIONS AND FUNDRAISING READINESS.-TECHNOLOGY COMMERCIALIZATION: TECHTOWN EVALUATED AND ROADMAPPED THE COMMERCIALIZATION POTENTIAL OF UNIVERSITY OR HEALTH CARE SYSTEM-DEVELOPED TECHNOLOGIES; HIGH POTENTIAL TECHNOLOGIES TRANSITION INTO TECHTOWN PROGRAMS.-TRACTION: TAKES THE BUSINESS MOVE FROM PRODUCT TO PURCHASE VIA A UNIQUE COMMUNITY OF ACCOUNTABILITY THAT HELPS STARTUPS MOVE FROM LAUNCHING THE FIRST VERSION OF THEIR PRODUCT TO GENERATING RECURRING REVENUE. -CAPITAL ACCESS PROGRAM: A SERIES OF TRAINING MODULES AND COHORT SUPPORT THAT HELPS ENTREPRENEURS UNDERSTAND THE TECH FUNDING LANDSCAPE AND ACCESS THE FUNDS NEEDED TO GET THEIR BUSINESS OFF THE GROUND.SMALL BUSINESS SERVICES-RETAIL BOOT CAMP: PREPARES SERIOUS ENTREPRENEURS WITH STRONG RETAIL CONCEPTS FOR THE SUCCESSFUL LAUNCH OF THEIR BRICK-AND-MORTAR BUSINESS IN A CORE DETROIT COMMERCIAL DISTRICT.-313 STRONG: COMBINES ECONOMIC DEVELOPMENT AND START-UP ACCELERATION STRATEGIES TO TRANSFORM DETROIT'S HISTORICALLY UNDERSERVED NEIGHBORHOODS INTO VIBRANT AND DENSE COMMUNITIES.SPACE - REAL ESTATE PROGRAMMING-OFFICE AND LAB SPACE: COMMERCIAL REAL ESTATE FOR INNOVATIVE DETROIT BUSINESSES.-CO-WORKING: CO-WORKING COMMUNITY OFFERING DETROIT ENTREPRENEURS AN AFFORDABLE, FLEXIBLE AND COLLABORATIVE WORK ENVIRONMENT.-MEETING AND EVENT SPACE: RECENTLY RENOVATED FIRST FLOOR INCLUDES EVENT SPACE WITH SEATING UP TO 180; MEETING, CONFERENCE AND TRAINING ROOMS; OPEN, GALLEY-STYLE KITCHEN WITH CAFE SEATING. 6518114 1 1 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 728 0 1 46 1 0 0 0 0 0 0 0 0 0 0 0 0 X 34 33 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 1 0 0 MI X EDWARD B STAEBLER 3138795249 440 BURROUGHS DETROIT MI 48202 KELLY KOZLOWSKI CHIEF OPERATING OFFICER 18.00 22.00 X 149813 0 42111 ALLANDRA BULGER EXECUTIVE DIRECTOR, CO.ACT 40.00 0.00 X 125224 0 25045 MARLO RENCHER DIRECTOR, TECHNOLOGY-BASED PROGRAMS 40.00 0.00 X 112426 0 22485 KIMBERLY COLON DIRECTOR OF FINANCE 18.00 22.00 X 112190 0 33755 PAUL RISER DIRECTOR, DETROIT URBAN SOLUTIONS 40.00 0.00 X 108436 0 21687 AMY RENCHER MGMT DIR ENTREPRENEURIAL PROGRAMS & SERVICE 40.00 0.00 X 101166 0 20233 EDWARD STAEBLER PRESIDENT & CEO 18.00 22.00 X X 55712 0 15625 M ROY WILSON CHAIR 1.00 0.00 X X 0 0 0 STEPHEN LANIER VICE CHAIR/SECRETARY 1.00 0.00 X X 0 0 0 ANIKA GOSS-FOSTER BOARD MEMBER 1.00 0.00 X 0 0 0 ANGIE KELLY BOARD MEMBER - PARTIAL YEAR 1.00 0.00 X 0 0 0 BRYAN C BARNHILL II BOARD MEMBER 1.00 0.00 X 0 0 0 SHANNON D SMITH BOARD MEMBER 1.00 0.00 X 0 0 0 CAMILO SERNA BOARD MEMBER 1.00 0.00 X 0 0 0 CARLA WALKER-MILLER BOARD MEMBER 1.00 0.00 X 0 0 0 CHARLES BURKE BOARD MEMBER 1.00 0.00 X 0 0 0 CHRIS THOMAS BOARD MEMBER 1.00 0.00 X 0 0 0 CHRISTOPHER RIZIK BOARD MEMBER 1.00 0.00 X 0 0 0 DANA THOMPSON BOARD MEMBER 1.00 0.00 X 0 0 0 DR SORIN DRAGHICI BOARD MEMBER 1.00 0.00 X 0 0 0 FREDRICK MOLNAR BOARD MEMBER 1.00 0.00 X 0 0 0 GENE BARBER BOARD MEMBER 1.00 0.00 X 0 0 0 HECTOR HERNANDEZ BOARD MEMBER 1.00 0.00 X 0 0 0 JAMILA THOMPSON BOARD MEMBER 1.00 0.00 X 0 0 0 JASON AESCHLIMAN BOARD MEMBER 1.00 0.00 X 0 0 0 JASON TINSLEY BOARD MEMBER 1.00 0.00 X 0 0 0 JILL FORD BOARD MEMBER 1.00 0.00 X 0 0 0 JIM SABER BOARD MEMBER 1.00 0.00 X 0 0 0 JONATHAN RUMLEY BOARD MEMBER 1.00 0.00 X 0 0 0 PORTIA POWELL BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERT FORSYTHE BOARD MEMBER 1.00 0.00 X 0 0 0 SHIRLEY STANCATO BOARD MEMBER 1.00 0.00 X 0 0 0 KEVIN JOHNSON BOARD MEMBER 1.00 0.00 X 0 0 0 LISA M HARDY BOARD MEMBER 1.00 0.00 X 0 0 0 LORI WINGERTER BOARD MEMBER - PARTIAL YEAR 1.00 0.00 X 0 0 0 MIKE RAFFERTY BOARD MEMBER 1.00 0.00 X 0 0 0 PATRICIA GLAZA BOARD MEMBER 1.00 0.00 X 0 0 0 SONAL RAMRAKHIANI BOARD MEMBER 1.00 0.00 X 0 0 0 TARYN SIMON BOARD MEMBER 1.00 0.00 X 0 0 0 TONYA MATTHEWS BOARD MEMBER 1.00 0.00 X 0 0 0 TOSHA TABRON BOARD MEMBER 1.00 0.00 X 0 0 0 WILLIAM DECATUR BOARD MEMBER 1.00 0.00 X 0 0 0 764967 0 180941 6 0 1 1 MICHIGAN COMMUNITY RESOURCES 615 GRISWOLD SUITE 805 DETROIT MI 48226 CO.ACT PROGRAM FACILITATION 105467 PUBLIC SECTOR CONSULTANTS 230 N WASHINGTON SQUARE SUITE 300 LANSING MI 48933 MEDHEALTH PROJECT SUPPORT 103756 2 5000 5320268 5325268 REVENUE REIMBURSEMENT 900099 73615 73615 DEVELOPMENT FEE 900099 19660 19660 ADMINISTRATIVE INCOME 900099 17077 17077 WORKSHOP INCOME 900099 11354 11354 121706 6390 6390 5453364 121706 0 6390 X 2368221 2368221 79750 79750 217281 61618 148530 7133 2240607 1638371 487382 114854 234358 184583 37150 12625 164141 114899 41035 8207 13754 10316 3438 28513 21385 7128 882332 661749 220583 178573 116072 62501 55376 30702 24674 168816 126612 42204 529748 529748 10878 5439 5439 129982 64991 64991 33113 33113 75073 75073 BAD DEBT EXPENSE 445423 445423 CAREER EXPERIENCE PROGR 31032 15516 15516 SUBSCRIPTIONS & PUBS. 14779 9606 3695 1478 7901750 6518114 1176838 206798 1349553 1261086 1417116 1423506 2636239 1307030 10028862 9404101 18852 14339 936323 556608 448890 379715 8132710 6831415 24032222 20621192 424802 307792 36578 57478 130384 68734 1285000 1794237 22387 9587 1899151 2237828 X 16207687 14632203 5925384 3751161 22133071 18383364 24032222 20621192 -2448386 -261035 -1040286 0 X X 0 1 X 1 0 X 2059659 7469396 6014260 2335786 5325268 23204369 31154 9423 30158 69273 48091 188099 2090813 7478819 6044418 2405059 5373359 23392468 37408 4760000 3175000 250000 642800 8865208 0 37408 4760000 3175000 250000 642800 8865208 14527260 15418 37698 6390 59506 15418 37698 6390 59506 2090813 7478819 6059836 2442757 5379749 23451974 0.61940 0.58490 0.00250 0.00270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 889739 516683 373056 46584 39925 6659 379715 INVESTMENT IN SUBSIDIARY 6831415 C 6831415 ACCRUED INSURANCE 1473 DETROIT PAYABLE 666 401K PAYABLE 2050 GARNISHMENT PAYABLE 81 FEDERAL INCOME TAX PAYABLE 3872 MICHIGAN INCOME TAX PAYABLE 1445 9587 PART IV, LINE 2B: THE ORGANIZATION IS THE FISCAL SPONSOR OF TWO SMALLER ORGANIZATIONS AND HOLDS THEIR FUNDS ON THEIR BEHALF. 1 AMERICAN INDIAN HEALTH AND FAMILY SERVICES OF SOUTHEASTERN MI INC PO BOX 810 DEARBORN MI 48121 501(C)(3) 30000 CO.ACT ACTIVATE FUND AWARDEE AMERICAN INSTITUTE OF GRAPHIC ARTS (AIGA) PO BOX 71720 MADISON HEIGHTS MI 48071 501(C)(3) 10000 CO.ACT ACTIVATE FUND AWARDEE BUILD INSTITUTE 1620 MICHIGAN AVE SUITE 120 DETROIT MI 48216 501(C)(3) 50000 CO.ACT ACTIVATE FUND AWARDEE CARR CENTER 4750 WOODWARD AVE 4TH FLOOR DETROIT MI 48201 40000 CO.ACT ACTIVATE FUND AWARDEE CENTER FOR COMMUITY-BASED ENTERPRISE INC 4605 CASS AVE SUITE 201 DETROIT MI 48201 33325 CO.ACT ACTIVATE FUND AWARDEE CHALDEAN COMMUNITY FOUNDATION 3601 15 MILE RD STERLING HEIGHTS MI 48310 501(C)(3) 37491 CO.ACT ACTIVATE FUND AWARDEE COALITION ON TEMPORARY SHELTER (COTS) 2211 E JEFFERSON SUITE 400 DETROIT MI 48207 501(C)(3) 50000 CO.ACT ACTIVATE FUND AWARDEE CONGRESS OF COMMUNITIES 8638 W VERNOR HWY DETROIT MI 48209 501(C)(3) 43000 CO.ACT ACTIVATE FUND AWARDEE DETROIT AREA PRE-COLLEGE ENGINEERING PROGRAM (DAPCEP) 2111 WOODWARD AVE SUITE 506 DETROIT MI 48201 50000 CO.ACT ACTIVATE FUND AWARDEE DETROIT HIVES INC 9336 E WARREN AVE DETROIT MI 48214 501(C)(3) 47000 CO.ACT ACTIVATE FUND AWARDEE DETROIT POLICE ATHLETIC LEAGUE 1680 MICHIGAN AVE DETROIT MI 48216 501(C)(3) 26000 CO.ACT ACTIVATE FUND AWARDEE DOWNTOWN BOXING GYM YOUTH PROGRAM 6445 E VERNOR HWY DETROIT MI 48207 501(C)(3) 50000 CO.ACT ACTIVATE FUND AWARDEE FAMILY ASSISTANCE FOR RENAISSANCE MEN 8701 GRAND RIVER 173 DETROIT MI 48223 501(C)(3) 43000 CO.ACT ACTIVATE FUND AWARDEE GIVE MERIT INC 10100 GRAND RIVER DETROIT MI 48204 501(C)(3) 30000 CO.ACT ACTIVATE FUND AWARDEE JOURNEY TO HEALING 66 COLORADO STREET HIGHLAND PARK MI 48203 501(C)(3) 50000 CO.ACT ACTIVATE FUND AWARDEE MACOMB COUNTY ROTATING EMERGENCY SHELTER TEAM (MCREST) 20415 ERIN STREET ROSEVILLE MI 48066 501(C)(3) 50000 CO.ACT ACTIVATE FUND AWARDEE MICHIGAN LCV EDUCATION FUND 3029 MILLER RD ANN ARBOR MI 48103 50000 CO.ACT ACTIVATE FUND AWARDEE NATIONAL VETERAN BUSINESS DEVELOPMENT COUNCIL 325 E CRESCENT LANE DETROIT MI 48207 8000 CO.ACT ACTIVATE FUND AWARDEE NEW DETROIT INC 3031 W GRAND BLVD STE 430 DETROIT MI 48202 501(C)(3) 50000 CO.ACT ACTIVATE FUND AWARDEE STUDENT ADVOCACY CENTER OF MICHIGAN (SAC) 124 PEARL STREET SUITE 504 YPSILANTI MI 48197 501(C)(3) 50000 CO.ACT ACTIVATE FUND AWARDEE THE EDUCATION TRUST INC 1501 K STREET NW SUITE 200 WASHINGTON DC 20005 50000 CO.ACT ACTIVATE FUND AWARDEE THE INTERNATIONAL INSTITUTE OF METROPOLITAN DETROIT (IIMD) 111 E KIRBY STREET DETROIT MI 48202 50000 CO.ACT ACTIVATE FUND AWARDEE THE YUNION 1129 OAKMAN BLVD DETROIT MI 48238 501(C)(3) 50000 CO.ACT ACTIVATE FUND AWARDEE WAYNE COUNTY SAFE PROGRAM 2727 2ND AVE SUITE 300 DETROIT MI 48201 501(C)(3) 50000 CO.ACT ACTIVATE FUND AWARDEE WE THE PEOPLE OF DETROIT 1520 CHATEAUFORT PLACE DETROIT MI 48207 501(C)(3) 50000 CO.ACT ACTIVATE FUND AWARDEE 18 7 CASH AWARD 79750 PART I, LINE 2: THE CO.ACT ACTIVATE FUND AWARDS ARE PROJECT BASED AND THERE ARE MANY TOUCH POINTS TO ENSURE THAT THE FUNDS ARE USED ON THE APPROVED PROJECT. X X X 0 0 0 0 0 0 0 0 0 KELLY KOZLOWSKI CHIEF OPERATING OFFICER 149813 0 0 0 0 0 0 0 42111 0 191924 0 0 0 ALLANDRA BULGER EXECUTIVE DIRECTOR, CO.ACT 125224 0 0 0 0 0 0 0 25045 0 150269 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A WAYNE STATE UNIVERSITY (WSU) APPOINTS THE CHAIRMAN OF THE BOARD AND THE WSU BOARD OF GOVERNORS APPOINTS TWO MEMBERS OF THE BOARD OF DIRECTORS. NO OTHER PARTIES HAVE THE RIGHT TO APPOINT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WILL BE REVIEWED BY THE PRESIDENT/CEO, DIRECTOR OF FINANCE, AND HUMAN RESOURCES PRIOR TO FILING. NO FORMAL BOARD REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST DISCLOSURES MADE BY OFFICERS, DIRECTORS, OR KEY EMPLOYEES WOULD BE REVIEWED BY SENIOR LEADERSHIP OF THE ORGANIZATION FOR APPROPRIATE ACTION. NO SUCH CONFLICTS HAVE BEEN DISCLOSED DURING THE PERIOD OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 15A FOR THE CEO COMPENSATION, THE WSU PRESIDENT (CHAIRMAN OF THE BOARD) AND HIS STAFF REVIEWED COMPARABILITY DATA FOR SIMILAR POSITIONS AND PRESENTED WRITTEN DOCUMENTATION OF ITS RECOMMENDATIONS TO THE ORGANIZATION'S GOVERNANCE COMMITTEE FOR FINAL DECISION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART IX, LINE 11G CONTRACT EMPLOYEES: PROGRAM SERVICE EXPENSES 661,749. MANAGEMENT AND GENERAL EXPENSES 220,583. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 882,332. FORM 990, PART XII, LINE 2C: THE AUDIT PROCESS HAS NOT CHANGED FROM PREVIOUS YEARS. 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