2016-05-12T15:08:00-05:00 2015-06-30 941341042 FRANK RIMERMAN & CO LLP 1801 PAGE MILL ROAD PALO ALTO CA 94304 990 2014-07-01 942864660 THE TECH MUSEUM OF INNOVATION TECH 4087956116 201 SOUTH MARKET STREET SAN JOSE CA 95113 TIM RITCHIE PRESIDENT 4087956116 2016-05-12 1 PRERNA JAGADA P01063809 6508458100 2016-05-12 2014 2016-08-17 19:52:53Z TIM RITCHIE 201 SOUTH MARKET STREET SAN JOSE CA 95113 26720703 0 X WWW.THETECH.ORG X 1983 CA TO INSPIRE THE INNOVATOR IN EVERYONE. 39 38 179 407 432562 0 8569632 13247459 6840951 4694452 264190 227726 83423 -240960 15758196 17928677 500000 500000 0 0 7010695 7940324 0 0 1194602 8857718 7480291 16368413 15920615 -610217 2008062 63034519 65531855 1837215 2135319 61197304 63396536 X TO INSPIRE THE INNOVATOR IN EVERYONE. THE TECH IS A NONPROFIT EXPERIENTIAL LEARNING RESOURCE DESIGNED TO HELP PEOPLE AND COMMUNITIES THRIVE IN A TECHNOLOGICAL AGE. THE TECH DOES THIS WITH EXHIBITS AND PROGRAMS THAT INSPIRE PEOPLE WITH THE POWER OF TECHNOLOGY TO IMPROVE LIVES AND BUILD BETTER COMMUNITIES. 0 0 8294329 500000 3598478 THE TECH ASPIRES TO BRING TOGETHER, IN ITS 132,000 SQUARE-FOOT FACILITY, EXHIBITS AND PROGRAMS THAT INSPIRE THE INNOVATOR IN EVERYONE. WITH MORE THAN 100 INTERACTIVE EXHIBITS, ALONG WITH STANDARDS-BASED EDUCATIONAL IMAX FILMS, THIS SPACE WELCOMES ON AVERAGE MORE THAN 400,000 VISITORS ANNUALLY, INCLUDING TENS OF THOUSANDS FROM LOCAL K-12 SCHOOLS, TO ENGAGE IN SCIENCE AND TECHNOLOGY EXPERIENCES. ADDITIONALLY, THE TECH HOSTS TWO ANNUAL SIGNATURE PROGRAMS: (1) THE TECH CHALLENGE, A TEAM ENGINEERING DESIGN COMPETITION IN WHICH MORE THAN 2,000 STUDENTS IN GRADES 4-12 DESIGN, BUILD, DOCUMENT AND TEST DEVICES TO SOLVE A REAL-WORLD PROBLEM, AND (2) THE TECH AWARDS, AN INTERNATIONAL PROGRAM THAT HONORS INNOVATORS WHO ARE APPLYING TECHNOLOGY TO CONFRONT HUMANITY'S MOST URGENT CHALLENGES. THESE LAUREATES ARE CELEBRATED AT AN ANNUAL AWARDS GALA, WHICH HAS BECOME A SIGNIFICANT SILICON VALLEY EVENT. 2188168 548590 THE TECH OFFERS AN ARRAY OF STANDARDS-BASED SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) EDUCATIONAL PROGRAMS, INCLUDING EIGHT HANDS-ON SCIENCE LABS, BILINGUAL WEEKEND WORKSHOPS, AFTER-SCHOOL PROGRAMS AND THE TECH CHALLENGE PROGRAM. ALL OF THESE PROGRAMS ALIGN WITH COMMON CORE STATE STANDARDS. IN ADDITION THE TECH OFFERS EDUCATIONAL IMAX FILMS THAT SUPPORT CALIFORNIA SCIENCE AND SOCIAL STUDIES CONTENT STANDARDS. APPROXIMATELY 108,000 CALIFORNIA STUDENTS IN GRADES K-12 VISITED THE GALLERIES LAST YEAR THROUGH OUR FIELD-TRIP PROGRAM. MORE THAN HALF OF THOSE STUDENTS WERE FROM LOW-INCOME TITLE 1 SCHOOLS. MANY OF THESE TITLE 1 STUDENTS ACCESSED OUR FEE-WAIVED SUPPORT FROM DONORS THAT ALLOWED DEEPER ENGAGEMENT WITH SCIENCE AND TECHNOLOGY: NEARLY 32,000 SAW AN EDUCATIONAL IMAX FILM AND 17,000 STUDENTS PARTICIPATED IN 90-MINUTE LABS LED BY TRAINED INSTRUCTORS. THE TECH REACHES OUT TO A DIVERSE ARRAY OF COMMUNITIES TO INTRODUCE STUDENTS NOT ONLY TO STEM CONCEPTS BUT ALSO TO THE THRILL OF HANDS-ON LEARNING AND REAL-WORLD DESIGN. THE TECH ALSO PROVIDES PROFESSIONAL DEVELOPMENT FOR EDUCATORS IN STEM THROUGH THE TECH ACADEMIES OF INNOVATION PROGRAM AND CLASSES IN THE DESIGN CHALLENGE LEARNING INSTITUTE. 1802569 114822 MORE THAN 7,000 MEMBERS HELP SUPPORT THE TECH, INCLUDING MORE THAN 250 LOCAL EDUCATORS WHO ARE GRANTED DISCOUNTED MEMBERSHIPS. THE TECH HOSTS A NUMBER OF COMMUNITY CELEBRATIONS AND MORE THAN 200 RECEPTIONS, EVENTS AND PARTIES. THE STAFF AND MORE THAN 300 VOLUNTEERS PROVIDE INTERPRETATION SERVICES FOR THE GALLERIES. THEY ALSO ASSIST VISITORS WITH TICKETING, CHOOSING PROGRAMS AND ASSESSING EDUCATIONAL OPPORTUNITIES SUCH AS IMAX FILM PRESENTATIONS. 12285066 1 1 0 0 0 0 0 0 0 1 1 1 0 1 0 1 1 0 0 0 0 1 1 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 39 0 1 179 1 1 1 0 0 0 0 1 1 0 1 1 0 X 39 38 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X THE ORGANIZATION 4087956116 201 SOUTH MARKET STREET SAN JOSE CA 95113 TIM RITCHIE PRESIDENT 40.00 X X 297350 0 0 HARVARD SUNG CFO 40.00 X 156354 0 0 BILL BAILOR VP OPERATIONS 40.00 X 152271 0 0 LATH CARLSON VP EXHIBITS 40.00 X 175469 0 0 MARIA PAPPAS VP DEVELOPMENT 40.00 X 165610 0 0 DAVID WHITMAN VP TECH AWARDS 40.00 X 132086 0 0 ELISABETH SYLVAN FORMER VP OF EDUCATION 40.00 X 158888 0 0 ELIZABETH WILLIAMS FORMER VP OF MARKETING 40.00 X 103410 0 0 CHRISTOPHER DIGIORGIO BOARD CHAIR 4.00 X X 0 0 0 DANIEL WARMENHOVEN BOARD VICE CHAIR 2.00 X X 0 0 0 EDWARD CANNIZZARO BOARD TREASURER 2.00 X X 0 0 0 ROGER QUINLAN BOARD SECRETARY 1.00 X X 0 0 0 ANN BOWERS DIRECTOR 0.50 X 0 0 0 ARCHANA SATHAYE DIRECTOR 0.50 X 0 0 0 BILL MAY DIRECTOR 1.00 X 0 0 0 CATHY KIMBALL DIRECTOR 0.50 X 0 0 0 CHRIS BOYD DIRECTOR 1.00 X 0 0 0 CHUCK BOYNTON DIRECTOR 0.40 X 0 0 0 DANIEL PEREZ DIRECTOR 2.00 X 0 0 0 DAN'L LEWIN DIRECTOR 1.00 X 0 0 0 DAVE HOUSE DIRECTOR 0.30 X 0 0 0 DAVID CORTESE DIRECTOR 0.50 X 0 0 0 DAVID CRAWFORD DIRECTOR 2.50 X 0 0 0 DON NORLING DIRECTOR 1.00 X 0 0 0 FRANK QUATTRONE DIRECTOR 1.00 X 0 0 0 GERALD HELD DIRECTOR 2.00 X 0 0 0 HARRY BLOUNT DIRECTOR 1.00 X 0 0 0 JAMES BARRESE DIRECTOR 1.00 X 0 0 0 JAMES DEICHEN DIRECTOR 4.00 X 0 0 0 JAMI NACHTSHEIM DIRECTOR 1.20 X 0 0 0 JOE KAVA DIRECTOR 1.00 X 0 0 0 JONATHAN MARTIN DIRECTOR 1.00 X 0 0 0 JOSEPH FABRIS DIRECTOR 1.00 X 0 0 0 JUDY SWANSON DIRECTOR 0.30 X 0 0 0 MANNY BARBARA DIRECTOR 0.50 X 0 0 0 MATTHEW SAPP DIRECTOR 1.00 X 0 0 0 MAURIA FINLEY DIRECTOR 1.00 X 0 0 0 MICHAEL ABBOTT DIRECTOR 1.00 X 0 0 0 OMKARAM NALAMASU DIRECTOR 1.00 X 0 0 0 PETER RELAN DIRECTOR 0.50 X 0 0 0 RANDY KRENZIN DIRECTOR 0.50 X 0 0 0 RAQUEL GONZALEZ DIRECTOR 1.00 X 0 0 0 SMITH MCKEITHEN DIRECTOR 1.00 X 0 0 0 STEVE YOUNG DIRECTOR 0.50 X 0 0 0 STUART PANN DIRECTOR 1.00 X 0 0 0 WILLIAM HEIL DIRECTOR 2.00 X 0 0 0 LINDA TSAI DIRECTOR OF FOUNDATIONS 40.00 X 112351 0 0 MAUREEN LANGAN DIRECTOR OF SALES AND SPECIAL EVENTS 40.00 X 109866 0 0 1563655 0 0 10 1 1 0 RICHARD KING 201 S MARKET STREET SAN JOSE CA 95113 FUNDRAISING-THE TECH AWARDS 197057 1 2471612 1169283 9606564 3103830 13247459 ADMISSIONS AND FEES 611710 2055693 2055693 IMAX TICKET SALES 900099 1204903 772341 432562 FACILITY RENTAL 900099 670651 670651 VISITORS SERVICES 900099 548590 548590 STORE REVENUE 453220 214615 214615 4694452 265287 265287 8248305 8249866 36000 -1561 -36000 -37561 -37561 265200 2471612 506160 -240960 -240960 17928677 4261890 432562 -13234 350000 350000 150000 150000 947054 357475 423969 165610 5930726 4540851 860561 529314 585891 416768 108994 60129 476653 337744 90158 48751 3561 3561 130362 130362 6026 6026 384746 288572 37714 58460 293295 12898 224264 56133 636263 480941 101640 53682 380013 371080 8933 1715571 1482478 142078 91015 173061 102062 56270 14729 1788279 1697680 61989 28610 TECH AWARDS 914480 914480 FEES AND SERVICES 250899 118686 128655 3558 AWARDS AND RELATED EXPE 245016 182916 27980 34120 BUILDING AND EQUIPMENT 176034 172397 3093 544 382685 308038 33633 41014 15920615 12285066 2440947 1194602 69201 64782 5263525 2445133 9091946 6615828 50276 353548 216168 306109 32440007 21381670 7265358 11058337 20001294 23771962 20000 21056751 20916156 63034519 65531855 1258562 1634718 578653 500601 1837215 2135319 X 8148336 13078159 40333262 37602671 12715706 12715706 61197304 63396536 63034519 65531855 X 2008062 331765 -140595 0 X X 0 1 X 1 0 X 6996214 21690550 11124299 8569632 13315602 61696297 1292636 1285955 1278871 1271363 1263405 6392230 8288850 22976505 12403170 9840995 14579007 68088527 28286307 39802220 297488 277593 261599 284725 265287 1386692 69475219 22487377 0.57290 0.59460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 15626198 -174953 15451245 13758673 1867525 15626198 12715706 1042967 13758673 12715706 12715706 12685706 30000 12715706 1.00000 0 0 11255326 9057245 2198081 5572852 4198025 1374827 15611829 8126400 7485429 11058337 EQUITY FUNDS 13270740 F VENTURE CAPITAL FUNDS & PARTNERSHIPS 1239690 F CERTIFICATES OF DEPOSIT 9261532 F 23771962 CITY OF SAN JOSE LEASE 20916156 20916156 X 20786301 331765 2025725 2357490 18428811 6026 -506160 -500134 17928677 18587069 2166320 2166320 16420749 6026 -506160 -500134 15920615 PART V, LINE 4: THE INTENDED USE OF THE TECH'S ENDOWMENT FUNDS IS TO PROVIDE A DEPENDABLE AND GROWING SOURCE OF FUNDING FOR THE SUPPORT OF OPERATIONS, SPECIAL PROGRAMS, AND CAPITAL IMPROVEMENTS OF THE TECH. PART X, LINE 2: THE ORGANIZATION APPLIES THE PROVISIONS SET FORTH IN FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION TOPIC 740 TO ACCOUNT FOR UNCERTAINTY IN INCOME TAXES. THE ORGANIZATION ASSESSED ALL INCOME TAX POSITIONS TAKEN WHERE THE STATUTE OF LIMITATION REMAINED OPEN. THE ORGANIZATION BELIEVES THAT ITS TAX FILING POSITIONS WILL BE SUSTAINED UPON TAX EXAMINATIONS; THEREFORE, NO LIABILITY FOR UNRECOGNIZED INCOME TAX BENEFITS HAS BEEN RECORDED AT JUNE 30, 2015. THE ORGANIZATION DOES NOT ANTICIPATE ANY SIGNIFICANT INCREASES OR DECREASES TO UNRECOGNIZED INCOME TAX BENEFITS DURING THE NEXT 12 MONTHS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF TECH AWARD EXPENSES -506,160. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF TECH AWARD EXPENSES -506,160. 1 0 0 0 0 0 0 0 0 0 MEXICO CASH PRIZE - UNRESTRICTED 75000 WIRE USD ITALY CASH PRIZE - UNRESTRICTED 25000 WIRE USD CAMBODIA CASH PRIZE - UNRESTRICTED 25000 WIRE USD 0 3 CASH PRIZE- UNRESTRICTED PAKISTAN 1 25000 WIRE USD 0 0 0 0 0 0 PART I, LINE 2: THE TECH MAKES ANNUAL AWARDS IN CONJUNCTION WITH ITS ANNUAL GALA. THE PURPOSE OF THE TECH AWARDS IS TO HONOR TECHNOLOGISTS, EDUCATORS, SCIENTISTS AND ENTREPENEURS WHO USE TECHNOLOGY TO IMPROVE OUR WORLD. EACH NOMINEE ELIGIBLE FOR AN AWARD IS VETTED IN ACCORDANCE WITH THE IRS REGULATIONS AND APPLICABLE GUIDANCE TO ENSURE COMPLIANCE WITH THE RULES AND REGULATIONS FOR MAKING INTERNATIONAL AWARDS. X X X X X X X 1 RICHARD KING 201 S MARKET STREET SAN JOSE CA 95113 FUNDRAISING - THE TECH AWARDS 0 2736812 197057 2539755 2736812 197057 2539755 CA THE TECH AWARDS 2736812 2471612 265200 206799 299361 2736812 2471612 265200 206799 299361 506160 -240960 1 WORLDREADERORG 2030 1ST AVE STE 300 SEATTLE WA 98121 272092468 25000 CASH PRIZE TECH AWARDS UNRESTRICTED NANOLY BIOSCIENCE INC 9066 E COLORADO CIRCLE DENVER CO 80231 460847398 75000 CASH PRIZE TECH AWARDS UNRESTRICTED GRADIAN HEALTH SYSTEMS LLC 160 FIFTH AVENUE 7TH FLOOR NEW YORK NY 10010 203101239 75000 CASH PRIZE TECH AWARDS UNRESTRICTED MY AGRO FARMS 3161 CATALINA ISLAND ROAD WEST SACRAMENTO CA 94114 455267449 75000 CASH PRIZE TECH AWARDS UNRESTRICTED SANERGY INC PO BOX 550288 ATLANTA GA 30355 274528974 25000 CASH PRIZE TECH AWARDS UNRESTRICTED EDNOVA INC 1032 ELWELL COURT SUITE 2210 PALO ALTO CA 94303 273744004 75000 CASH PRIZE TECH AWARDS UNRESTRICTED 0 6 PART I, LINE 2: THE TECH MAKES ANNUAL AWARDS IN CONJUNCTION WITH ITS ANNUAL GALA. THE PURPOSE OF THE TECH AWARDS IS TO HONOR TECHNOLOGISTS, EDUCATORS, SCIENTISTS AND ENTREPENEURS WHO USE TECHNOLOGY TO IMPROVE OUR WORLD. EACH NOMINEE ELIGIBLE FOR AN AWARD IS VETTED IN ACCORDANCE WITH THE IRS REGULATIONS AND APPLICABLE GUIDANCE TO ENSURE COMPLIANCE WITH THE RULES AND REGULATIONS FOR MAKING DOMESTIC AWARDS. X X 1 0 0 0 0 0 0 0 0 TIM RITCHIE PRESIDENT 297350 0 0 0 0 0 0 0 0 0 297350 0 0 0 HARVARD SUNG CFO 156354 0 0 0 0 0 0 0 0 0 156354 0 0 0 BILL BAILOR VP OPERATIONS 152271 0 0 0 0 0 0 0 0 0 152271 0 0 0 LATH CARLSON VP EXHIBITS 175469 0 0 0 0 0 0 0 0 0 175469 0 0 0 MARIA PAPPAS VP DEVELOPMENT 165610 0 0 0 0 0 0 0 0 0 165610 0 0 0 ELISABETH SYLVAN FORMER VP OF EDUCATION 158888 0 0 0 0 0 0 0 0 0 158888 0 0 0 ELIZABETH WILLIAMS FORMER VP OF MARKETING 103410 0 0 0 0 0 0 0 0 0 103410 0 0 0 PART I, LINE 4A ELIZABETH WILLIAMS RECEIVED SEVERANCE PAY IN THE AMOUNT OF $54,167. ELISABETH SYLVAN RECEIVED SEVERANCE PAY IN THE AMOUNT OF $35,417. X 4 2290259 FMV X EQUIPMENT 2 586919 FMV X ENTERTAINMENT 23 78075 FMV X OTHER GOODS 15 48393 FMV X WINE 16 39934 FMV X ELECTRONICS 13 37905 FMV X TRAVEL 6 19574 FMV X FOOD 7 2770 FMV 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE REVIEWS A DRAFT OF THE RETURNS. ALL BOARD MEMBERS ARE SENT A FINAL DRAFT OF THE RETURNS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, EACH CORPORATE OFFICER, THE HIGHEST RANKING OR CHIEF MANAGEMENT OFFICIAL, THE HIGHEST RANKING OR CHIEF FINANCIAL OFFICER, EACH KEY EMPLOYEE OF THE TECH, AND OTHERS THAT THE TECH MAY IDENTIFY, IS REQUIRED TO SIGN A STATEMENT THAT: 1) AFFIRMS THE PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTOOD THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY; AND 2) DISCLOSES THE PERSON'S INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. ALL SUCH STATEMENTS BY DIRECTORS AND OFFICERS ARE REQUIRED TO BE FILED WITH THE RECORDS THE BOARD OR COMMITTEE; STATEMENTS BY OTHERS SHALL BE RETAINED IN THEIR PERSONNEL FILES. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE APPROVES COMPENSATION FOR THE CEO AND CFO. THE ORGANIZATION PERIODICALLY CONDUCTS AND/OR REVIEWS COMPENSATION COMPARISONS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES THESE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE OR UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE OR UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM PRIOR YEARS.