2020-09-17T11:06:28-05:00 2019-12-31 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT STE 500 AUBURN HILLS MI 48326 990 2019-01-01 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 2020-09-16 1 TINA PETERS P00904574 2483757100 2020-09-16 73.144.97.93 2020-09-16 09:09:06 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 737380BCD7AD51223FD12A91753DF01CE9F34789 2019 2021-01-29 14:40:06Z TECHTOWN TECHTOWN DETROIT EDWARD B STAEBLER 440 BURROUGHS DETROIT MI 48202 3483016 0 X WWW.TECHTOWNDETROIT.ORG X 2000 MI TECHTOWN IS DETROIT'S BUSINESS INNOVATION HUB. AS THE CITY'S MOST ESTABLISHED BUSINESS ACCELERATOR AND INCUBATOR, WE PROVIDE A POWERFUL CONNECTION TO A BROAD NETWORK OF RESOURCES, CATALYZING ENTIRE COMMUNITIES OF ENTREPRENEURS BEST POISED TO ENERGIZE THE LOCAL ECONOMY. TECHTOWN IS A 501(C)(3) NONPROFIT AND IS LOCATED WITHIN THE WOODWARD TECHNOLOGY CORRIDOR SMARTZONE. 33 32 49 100 0 0 6014260 3376045 30158 69273 15418 37698 0 0 6059836 3483016 1000 0 0 0 2132671 2783327 0 0 272079 1844876 3170028 3978547 5953355 2081289 -2470339 25438983 24032222 2384718 1899151 23054265 22133071 X TO ACCELERATE ECONOMIC GROWTH IN DETROIT BY GROWING STRONG BUSINESSES AND DRIVING REGIONAL COLLABORATION. 0 0 4251562 0 69273 BUSINESS UNITS AND PROGRAMSTECH - TECHNOLOGY-BASED PROGRAMMING TECH VENTURE ACCELERATOR: HIGHLY COMPETITIVE, BOOT-CAMP STYLE PROGRAM HELPS SHOW ENTREPRENEURS HOW TO TURN THEIR EARLY STAGE TECHNOLOGY-BASED STARTUPS INTO SUSTAINABLE, MARKET-READY BUSINESSES.LAUNCH DETROIT: PROGRAMMATIC PARTNERSHIP DESIGNED TO RECRUIT AND GROOM TALENT FOR TECH ENTREPRENEURSHIP AND CONVERT INNOVATIVE TECHNOLOGIES INTO DETROIT STARTUPS. PARTNERS: TECHTOWN, GRAND CIRCUS, INVEST DETROIT AND THE DETROIT CREATIVE CORRIDOR CENTER.TECHNOLOGY COMMERCIALIZATION: TECHTOWN EVALUATES AND ROADMAPS THE COMMERCIALIZATION POTENTIAL OF UNIVERSITY OR HEALTH CARE SYSTEM-DEVELOPED TECHNOLOGIES; HIGH POTENTIAL TECHNOLOGIES TRANSITION INTO TECHTOWN PROGRAMS.START-UP INCUBATION: TECHTOWN'S INCUBATION PROGRAM CUSTOMIZES SUPPORT BASED ON EACH TECH STARTUP'S UNIQUE BUSINESS NEEDS. STARTUPS HAVE A BUSINESS MODEL THAT'S BASED ON DEMONSTRATED CUSTOMER NEED AND A TECHNOLOGY IN THE EARLY PROTOTYPE STAGE.SMALL BUSINESS SERVICES - PLACE-BASED PROGRAMMINGRETAIL BOOT CAMP: PREPARES SERIOUS ENTREPRENEURS WITH STRONG RETAIL CONCEPTS FOR THE SUCCESSFUL LAUNCH OF THEIR BRICK-AND-MORTAR BUSINESS IN A CORE DETROIT COMMERCIAL DISTRICTSWOT CITY: COMBINES ECONOMIC DEVELOPMENT AND START-UP ACCELERATION STRATEGIES TO TRANSFORM DETROIT'S HISTORICALLY UNDERSERVED NEIGHBORHOODS INTO VIBRANT AND DENSE COMMUNITIESSPACE - REAL ESTATE PROGRAMMINGOFFICE AND LAB SPACE: COMMERCIAL REAL ESTATE FOR INNOVATIVE DETROIT BUSINESSESCO-WORKING: CO-WORKING COMMUNITY OFFERING DETROIT ENTREPRENEURS AN AFFORDABLE, FLEXIBLE AND COLLABORATIVE WORK ENVIRONMENTMEETING 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 4251562 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 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 179 0 1 49 1 0 0 0 0 0 0 0 0 0 0 0 0 X 33 32 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 MARLIN WILLIAMS CHIEF PROGRAM OFFICER 40.00 0.00 X 154513 0 43421 KIMBERLY COLON DIRECTOR OF FINANCE 18.00 22.00 X 107329 0 28623 EDWARD STAEBLER PRESIDENT & CEO 18.00 22.00 X X 104280 0 30283 ALLANDRA BULGER EXECUTIVE DIRECTOR, CO.ACT DETROIT 40.00 0.00 X 116051 0 5150 PAUL RISER DIRECTOR, DETROIT URBAN SOLUTIONS 40.00 0.00 X 100917 0 17481 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 1.00 0.00 X 0 0 0 BRYAN C BARNHILL II 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 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 ROBERT FORSYTHE 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 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 SHANNON D SMITH BOARD MEMBER 1.00 0.00 X 0 0 0 WILLIAM DECATUR BOARD MEMBER 1.00 0.00 X 0 0 0 583090 0 124958 5 0 1 1 EARLY WORKS LLC 175 ASHLAND STREET DETROIT MI 48215 MARKETING SERVICES 368276 THOMAS J SHERRY 3890 KENSINGTON DETROIT MI 48224 FACILITATOR 147741 2 1040259 185000 2150786 1040259 3376045 WORKSHOP INCOME 900099 57399 57399 DEVELOPMENT FEE 900099 11800 11800 ADMINISTRATIVE INCOME 900099 74 74 69273 37698 37698 3483016 69273 0 37698 240516 66927 163133 10456 2128035 1565983 453998 108054 276070 218325 44024 13721 138706 97094 34677 6935 26302 19727 6575 642826 482120 160706 450256 337693 112563 375153 243849 131304 114387 68025 46362 186216 139662 46554 680113 678415 1358 340 19424 9712 9712 337208 168604 168604 35770 35770 61312 61312 5558 5558 CAREER EXPERIENCE PROGR 147889 73944 73945 BUSINESS ACCELERATOR EX 74918 37459 37459 SUBSCRIPTIONS & PUBS. 12696 8253 3174 1269 5953355 4251562 1429714 272079 1824521 1349553 1879418 1417116 4693895 2636239 11104233 10028862 17972 18852 930426 481536 375642 448890 5543302 8132710 25438983 24032222 697529 424802 106783 36578 150554 130384 1415000 1285000 14852 22387 2384718 1899151 X 13637368 16207687 9416897 5925384 23054265 22133071 25438983 24032222 -2470339 1549145 0 X X 0 1 X 1 0 X 1844181 2059659 7469396 6014260 2335786 19723282 19772 31154 9423 30158 69273 159780 1863953 2090813 7478819 6044418 2405059 19883062 37408 4760000 3175000 250000 8222408 0 37408 4760000 3175000 250000 8222408 11660654 15418 37698 53116 15418 37698 53116 1863953 2090813 7478819 6059836 2442757 19936178 0.58490 0.59710 0.00270 0.00080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 886501 441611 444890 43925 39925 4000 448890 INVESTMENT IN SUBSIDIARY 8132710 C 8132710 ACCRUED INSURANCE 902 DETROIT PAYABLE 1749 401K PAYABLE 5054 GARNISHMENT PAYABLE 740 FEDERAL INCOME TAX PAYABLE 10206 MICHIGAN INCOME TAX PAYABLE 3736 22387 PART IV, LINE 2B: THE ORGANIZATION IS THE FISCAL SPONSOR OF TWO SMALLER ORGANIZATIONS AND HOLDS THEIR FUNDS ON THEIR BEHALF. X X X 0 0 0 0 0 0 0 0 0 MARLIN WILLIAMS CHIEF PROGRAM OFFICER 154513 0 0 0 0 0 0 0 43421 0 197934 0 0 0 EDWARD STAEBLER PRESIDENT & CEO 74280 0 30000 0 0 0 0 0 30283 0 134563 0 0 0 FORM 990, PART VII, SECTION A, LINE 5: EDWARD STAEBLER WAS COMPENSATED BY WAYNE STATE UNIVERSITY FOR HIS ROLE AS OFFICER OF WAYNE STATE UNIVERSITY RESEARCH AND TECHNOLOGY PARK IN THE CITY OF DETROIT. SEE SCHEDULE J PART II FOR HIS COMPENSATION DETAIL. X CHILLER - HEATING AND COOLING EQUIPMENT 1 1040259 FMV 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 XII, LINE 2C: THE AUDIT PROCESS HAS NOT CHANGED FROM PREVIOUS YEARS. 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