2019-08-15T15:02:08-05:00 2018-12-31 381357951 PLANTE & MORAN PLLC 27400 NORTHWESTERN HIGHWAY SOUTHFIELD MI 48034 990 2018-01-01 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 2019-08-07 1 TINA PETERS P00904574 2483522500 2019-08-07 67.59.56.30 2019-08-07 10:26:48 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 737380BCD7AD51223FD12A91753DF01CE9F34789 2018 2019-02-21 02:37:17Z TECHTOWN TECHTOWN DETROIT EDWARD B STAEBLER 440 BURROUGHS DETROIT MI 48202 6059836 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. 31 30 35 100 0 0 7469396 6014260 9423 30158 0 15418 0 0 7478819 6059836 1599 1000 0 0 1557216 2132671 0 0 199676 1244463 1844876 2803278 3978547 4675541 2081289 22422810 25438983 1894092 2384718 20528718 23054265 X TO ACCELERATE ECONOMIC GROWTH IN DETROIT BY GROWING STRONG BUSINESSES AND DRIVING REGIONAL COLLABORATION. 0 0 2764551 1000 30158 BUSINESS UNITS AND PROGRAMSLABS - TECHNOLOGY-BASED PROGRAMMING LABS 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.DETROIT TECHNOLOGY EXCHANGE (DTX): 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.BLOCKS - PLACE-BASED PROGRAMMINGBLOCKS 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 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 BUSINESSESJUNCTION440: 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" 2764551 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 0 0 0 0 0 1 1 1 0 0 1 170 0 1 35 1 0 0 0 0 0 0 0 0 0 0 0 0 X 31 30 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 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 EDWARD STAEBLER PRESIDENT & CEO 16.00 24.00 X X 139057 0 42900 CARLA WALKER-MILLER BOARD MEMBER 1.00 0.00 X 0 0 0 CHRISTOPHER GRAUNSTADT 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 ANIKA GOSS-FOSTER BOARD MEMBER 1.00 0.00 X 0 0 0 DIANE DUNASKISS BOARD MEMBER 1.00 0.00 X 0 0 0 ANGIE KELLY BOARD MEMBER 1.00 0.00 X 0 0 0 FREDRICK MOLNAR BOARD MEMBER 1.00 0.00 X 0 0 0 GABE LELAND BOARD MEMBER 1.00 0.00 X 0 0 0 JACALYN GOFORTH BOARD MEMBER 1.00 0.00 X 0 0 0 CHARLES BURKE BOARD MEMBER 1.00 0.00 X 0 0 0 JILL FORD BOARD MEMBER 1.00 0.00 X 0 0 0 LIZABETH ARDISANA BOARD MEMBER 1.00 0.00 X 0 0 0 JIM SABER BOARD MEMBER 1.00 0.00 X 0 0 0 MARK COTICCHIA BOARD MEMBER 1.00 0.00 X 0 0 0 MARTIN DOBER BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERT FORSYTHE BOARD MEMBER 1.00 0.00 X 0 0 0 RODRICK MILLER BOARD MEMBER 1.00 0.00 X 0 0 0 SAUNTEEL JENKINS BOARD MEMBER 1.00 0.00 X 0 0 0 STEVE AMBROSE BOARD MEMBER 1.00 0.00 X 0 0 0 KATHRYN G LEVINE BOARD MEMBER 1.00 0.00 X 0 0 0 TONYA MATTHEWS BOARD MEMBER 1.00 0.00 X 0 0 0 WILLIAM DECATUR BOARD MEMBER 1.00 0.00 X 0 0 0 DR SORIN DRAGHICI BOARD MEMBER 1.00 0.00 X 0 0 0 HECTOR HERNANDEZ 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 SHANNON D SMITH BOARD MEMBER 1.00 0.00 X 0 0 0 KIMBERLY COLON CONTROLLER 24.00 16.00 X 89202 0 17135 228259 0 60035 1 0 1 1 0 260000 5754260 6014260 WORKSHOP INCOME 900099 18923 18923 DEVELOPMENT FEE 900099 10900 10900 ADMINISTRATIVE INCOME 900099 335 335 30158 15418 15418 6059836 30158 0 15418 1000 1000 288293 77390 192707 18196 1580673 1204727 299405 76541 169979 145144 17624 7211 93726 65608 23432 4686 9577 7183 2394 154261 115696 38565 358740 269055 89685 261476 169959 91517 57308 33741 23567 138012 103509 34503 313526 311624 1522 380 9686 4843 4843 158015 79007 79008 37791 37791 22612 22612 5974 5974 CAREER EXPERIENCE PROGR 290828 145414 145414 BUSINESS ACCELERATOR EX 60400 30200 30200 SUBSCRIPTIONS & PUBS. 11458 7448 2865 1145 BAD DEBT EXPENSE -44788 -44788 3978547 2764551 1014320 199676 4022796 1824521 0 1879418 2230275 4693895 11035434 11104233 29392 17972 795865 420223 5869 375642 5099044 5543302 22422810 25438983 230116 697529 57150 106783 62141 150554 1535000 1415000 9685 14852 1894092 2384718 X 14243720 13637368 6284998 9416897 20528718 23054265 22422810 25438983 2081289 444258 0 X X 0 1 X 1 0 X 2314599 1844181 2059659 7469396 6014260 19702095 18484 19772 31154 9423 30158 108991 2333083 1863953 2090813 7478819 6044418 19811086 37408 4760000 3175000 7972408 0 37408 4760000 3175000 7972408 11838678 15418 15418 15418 15418 2333083 1863953 2090813 7478819 6059836 19826504 0.59710 0.71900 0.00080 X 0 1 X 652382 380298 272084 143483 39925 103558 375642 INVESTMENT IN SUBSIDIARY 5543302 C 5543302 ACCRUED INSURANCE 232 DETROIT PAYABLE 1241 401K PAYABLE 3030 GARNISHMENT PAYABLE 222 FEDERAL INCOME TAX PAYABLE 7430 MICHIGAN INCOME TAX PAYABLE 2697 14852 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 EDWARD STAEBLER PRESIDENT & CEO 139057 0 0 0 0 0 0 0 42900 0 181957 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. 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 FOR 2018, 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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