2013-10-29T08:44:50-05:00 2012-12-31 381357951 PLANTE & MORAN PLLC PO BOX 307 SOUTHFIELD MI 480370307 990 2012-01-01 412061387 WAYNE STATE UNIVERSITY RESEARCH AND TECHNOLOGY PARK IN THE CITY OF DETROIT WAYN 3138871639 440 BURROUGHS DETROIT MI 48202 LESLIE SMITH 3138871639 2013-10-21 1 SUSAN MIENCIER P00842339 2483522500 2012 2016-03-07 17:11:31Z TECHTOWN LESLIE SMITH 440 BURROUGHS DETROIT MI 48202 3854443 0 X WWW.TECHTOWNDETROIT.ORG X 2000 MI TECHTOWN IS DETROIT'S BUSINESS GROWTH CENTER, HELPING TO CREATE AND ADVANCE COMPANIES THROUGH ITS INCUBATION AND ACCELERATION SERVICES. THE ORGANIZATION BELIEVES IN A HOLISTIC APPROACH TO ECONOMIC DEVELOPMENT, SUPPORTING NOT ONLY TECHNOLOGY-BASED BUSINESSES, BUT ALSO RETAIL AND NEIGHBORHOOD ENTERPRISES. ITS ENTREPRENEURS ALSO GAIN UNIQUE ACCESS TO RESEARCH, ACADEMIC AND TECHNOLOGY ASSETS THROUGH TECHTOWNS PARTNERSHIP WITH WAYNE STATE UNIVERSITY. TECHTOWN IS A 501(C)(3) NONPROFIT AND IS LOCATED WITHIN THE WOODWARD TECHNOLOGY CORRIDOR SMARTZONE. 28 28 30 30 0 0 9244195 3818401 101725 35177 59 -162665 2087 864 9348066 3691777 0 108848 0 0 1722618 1570912 0 0 95556 1572361 1223452 3294979 2903212 6053087 788565 11765007 11938447 2372666 2216112 9392341 9722335 X TECHTOWN IS DETROIT'S BUSINESS GROWTH CENTER, HELPING TO CREATE AND ADVANCE COMPANIES THROUGH ITS INCUBATION AND ACCELERATION SERVICES. THE ORGANIZATION BELIEVES IN A HOLISTIC APPROACH TO ECONOMIC DEVELOPMENT, SUPPORTING NOT ONLY TECHNOLOGY-BASED BUSINESSES, BUT ALSO RETAIL AND NEIGHBORHOOD ENTERPRISES. ITS ENTREPRENEURS ALSO GAIN UNIQUE ACCESS TO RESEARCH, ACADEMIC AND TECHNOLOGY ASSETS THROUGH TECHTOWNS PARTNERSHIP WITH WAYNE STATE UNIVERSITY. TECHTOWN IS A 501(C)(3) NONPROFIT AND IS LOCATED WITHIN THE WOODWARD TECHNOLOGY CORRIDOR SMARTZONE. 0 0 1769827 108848 35177 BUSINESS UNITS AND PROGRAMSLABS 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 GOALS: - STARTUPS TEST VALUE PROPOSITION, CUSTOMER ACCEPTANCE; MEET WITH 100 CUSTOMERS DURING PROGRAM - TECHTOWN UNCOVERS HIGH-PERFORMING TEAMS - STARTUPS INCUBATE AT TECHTOWN UPON PROGRAM COMPLETION HOW IT WORKS: - CURRICULUM BASED ON STARTUP OWNERS MANUAL, STEP-BY-STEP BUSINESS DEVELOPMENT GUIDE WRITTEN BY STEVE BLANK AND BOB DORF - WORKSHOPS, MENTOR MEETINGS, PRESENTATIONS BY CEOS, NETWORKING - CULMINATES WITH SHOWCASE EVENTDETROIT TECHNOLOGY EXCHANGE (DTX): PARTNERSHIP BETWEEN TECHTOWN, BIZDOM, INVEST DETROIT AND THE DETROIT CREATIVE CORRIDOR CENTER; SUPPORTED BY THE MICHIGAN ECONOMIC DEVELOPMENT CORP.'S MICHIGAN STRATEGIC FUND GOALS: - SUPPORT EARLY STAGE, COMPETITIVE-EDGE TECHNOLOGY-BASED OR -ENABLED COMPANIES - EXPLOIT DISRUPTIVE TECHNOLOGIES - CREATE ROBUST DEAL FLOW IN DETROIT - CREATE, ATTRACT AND RETAIN TALENT PROGRAMS: - DTX LAUNCH DETROIT: HIGHLY COMPETITIVE, 10-WEEK SUMMER BOOT CAMP FOR COLLEGE STUDENTS AND RECENT GRADUATES ASPIRING TO LAUNCH A TECH STARTUP - DTX D-VENTURE: EXECUTIVE-IN-RESIDENCE PROGRAM SEATS SELECTED ENTREPRENEURIAL-MINDED PROFESSIONALS TO MINE DETROIT'S UNDERUTILIZED AND/OR UNDERDEVELOPED INTELLECTUAL PROPERTY (IP) AND CREATE COMPANIES BASED ON THAT IP - DTX FELLOWS: FELLOWSHIP PROGRAM TO PLACE HIGH-QUALITY TALENT IN DETROIT STARTUPS AND ENTREPRENEURIAL SUPPORT ORGANIZATIONSBLOCKSRETAIL BOOT CAMP: COMPETITIVE, HIGHLY CUSTOMIZED PROGRAM PREPARES SERIOUS ENTREPRENEURS WITH STRONG RETAIL CONCEPTS FOR THE SUCCESSFUL LAUNCH OF THEIR DETROIT BUSINESS GOALS: - ENTREPRENEURS LAUNCH BUSINESSES WITHIN ONE YEAR OF COMPLETION - PROVIDE LOCAL ACCESS TO NECESSARY GOODS AND SERVICES - NEIGHBORHOOD COMMUNITY DEVELOPMENT HOW IT WORKS: - CURRICULUM COVERS DETROIT RETAIL-FOCUSED STRATEGIES AND BEST PRACTICES - PROVIDES ACCESS TO RETAIL EXPERTS AND MENTORS - MAKES COMMUNITY AND LENDER CONNECTIONS - CULMINATES WITH SHOWCASE EVENTSWOT CITY: DELIVERS TECHTOWN ACCELERATION SERVICES TO DETROIT NEIGHBORHOODS THROUGH PARTNERSHIPS WITH COMMUNITY AND ECONOMIC DEVELOPMENT ORGANIZATIONS GOALS: - STABILIZE STRUGGLING BUT ESSENTIAL SMALL BUSINESSES; LAUNCH NEW SMALL BUSINESSES - HELP CREATE AND RETAIN JOBS - PROVIDE LOCAL ACCESS TO NECESSARY GOODS AND SERVICES - NEIGHBORHOOD COMMUNITY DEVELOPMENT HOW IT WORKS: - PARTNER WITH COMMUNITY OR ECONOMIC DEVELOPMENT ORGANIZATIONS - CONNECT NEIGHBORHOOD BUSINESSES WITH KEY RESOURCES - PROVIDE ONE-ON-ONE COACHING AND DETAILED SWOT ASSESSMENTS TO SELECT BUSINESES; OFFER TUNE-UP SESSIONS AND WORKSHOPS TO POTENTIAL ENTREPRENEURS AND OTHER SMALL BUSINESSES - PLACE NEW BUSINESSES TO FILL VOIDS, PROMOTE ENTREPRENEURSHIPREAL ESTATE MORE THAN 50 BUSINESSES CALL TECHTOWN'S HISTORIC FACILITY HOME. SOME ARE CLIENTS OR ALUMNI, OTHERS ARE BUSINESSES UNAFFILIATED WITH TECHTOWN PROGRAMS BUT STILL DRAWN TO THE FACILITY'S UNIQUE AMENITIES, FLEXIBLE LEASE TERMS AND SUPPORTIVE COMMUNITY OF LIKE-MINDED PEERS. THE 140,000-SQUARE-FOOT STRUCTURE WAS DESIGNED BY FAMED DETROIT ARCHITECT ALBERT KAHN IN 1927. IT WAS FIRST A SERVICE DEPARTMENT FOR PONTIAC THEN LATER BECAME THE CHEVROLET CREATIVE SERVICES BUILDING. THE CORVETTE WAS DESIGNED ON THE THIRD FLOOR AND AUTO SHOW DISPLAYS WERE BUILT HERE AS WELL. TODAY TECHTOWN OFFERS A RANGE OF SPACES FOR LEASE, INCLUDING SMALL OFFICES, OFFICE SUITES AND WET LABS. AS A BIOBANKING CENTER OF EXCELLENCE, IT'S PROUD TO HOUSE OPERATIONS SUCH AS NATIONAL INSTITUTES OF HEALTH-FUNDED PERINATOLOGY RESEARCH BRANCH. IN LATE 2013, TECHTOWN OFFER MEMBERSHIP-BASED CO-WORKING SPACE, AS WELL AS RENTABLE EVENT SPACE ON ITS COMPLETELY REDESIGNED FIRST FLOOR. 1769827 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 51 0 1 30 1 0 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 0 0 0 0 0 MI X LESLIE SMITH 3138795249 440 BURROUGHS DETROIT MI 48202 ALLAN GILMOUR 1.00 X X 0 0 0 JAMES CONNELLY 1.00 X X 0 0 0 DAVID BLASZKIEWICZ 1.00 X X 0 0 0 LIZABETH ARDISANA 1.00 X 0 0 0 JOHN BLANCHARD 1.00 X 0 0 0 MATTHEW CULLEN 1.00 X 0 0 0 HON DEBBIE DINGELL 1.00 X 0 0 0 DR FARSHAD FOTOUHI 1.00 X 0 0 0 BRIAN HOLDWICK 1.00 X 0 0 0 RICK NORK 1.00 X 0 0 0 HON CHARLES PUGH 1.00 X 0 0 0 DR HILARY RATNER 1.00 X 0 0 0 A PAUL SCHAAP PHD 1.00 X 0 0 0 MARC SCHWARTZ 1.00 X 0 0 0 NED STAEBLER 1.00 X 0 0 0 MARGARET WILLIAMS 1.00 X 0 0 0 STEVE AMBROSE 1.00 X 0 0 0 DR THOMAS ANDERSON 1.00 X 0 0 0 MARTIN DOBER 1.00 X 0 0 0 DAVE EGNER 1.00 X 0 0 0 DENISE LEWIS 1.00 X 0 0 0 SUSAN MOSEY 1.00 X 0 0 0 CHRISTOPHER RIZIK 1.00 X 0 0 0 TED SERBINSKI 1.00 X 0 0 0 ANNETTE MILLER 1.00 X 0 0 0 FAYE NELSON 1.00 X 0 0 0 ROSS SANDERS 1.00 X 0 0 0 ROBERT CHARLES 1.00 X 0 0 0 LESLIE SMITH 40.00 X 163181 0 13022 KENNETH MESKIN 40.00 X 100825 0 11166 MIKE O'ROURKE 40.00 X 116735 0 5208 MEREDITH KEREKES 40.00 X 123195 0 5550 503936 0 34946 4 0 1 0 0 1278961 2539440 3818401 ENTREPRENEUR LOAN INT. 900099 35177 35177 35177 1 1 162666 -162666 -162666 -162666 ADMINISTRATIVE INCOME 900099 864 864 864 3691777 35177 0 -161801 X 108773 108773 75 75 410137 392517 17620 901467 631027 225367 45073 158992 111294 39748 7950 100316 70221 25079 5016 37876 28407 9469 42071 31553 10518 468301 351226 117075 47341 28405 18936 69817 39845 29972 79009 59257 19752 124778 124378 400 102746 51373 51373 37856 37856 64366 64366 5955 3573 2382 BUSINESS ACCELERATOR EX 56220 28110 28110 BAD DEBT EXPENSE 54918 54918 SUBSCRIPTIONS & PUBS. 9611 4806 3844 961 LICENSES & PERMITS 9460 4730 4730 13127 13127 2903212 1769827 1037829 95556 854064 906707 19492 11135358 11939708 221053 163654 18086 395197 218419 363887 176778 -828082 -1286653 18727 675 11765007 11938447 1250922 362496 185729 45497 18046 936015 1790073 2372666 2216112 X 8669797 8680170 722544 1042165 9392341 9722335 11765007 11938447 788565 -458571 0 X X 0 1 X 1 0 X 1139213 3381512 4048375 9244195 3818401 21631696 343463 281980 21336 35177 681956 1482676 3663492 4048375 9265531 3853578 22313652 625882 1125882 900000 12000 2663764 72472 32110 415265 519847 625882 72472 1157992 1315265 12000 3183611 19130041 12446 5909 2920 59 1 21335 100266 149600 80389 330255 12446 106175 152520 80448 1 351590 1067 3716 19884 2087 864 27618 1496189 3773383 4220779 9348066 3854443 22692860 0.84300 0.75550 0.01550 0.01700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 355272 218419 136853 39925 39925 176778 X PART IV, LINE 2B: THE ORGANIZATION IS THE FISCAL SPONSOR OF TWO SMALLER ORGANIZATIONS AND HOLDS THEIR FUNDS ON THEIR BEHALF. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: FIN 48 DISCLOSURE: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2012 AND 2011, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 1 CHARLTON FOUNDATION 16835 KERCHEVAL AVENUE GROSSE POINTE MI 48230 455442807 501(C)(3) 100000 SUPPORT BABY BOOMERS PROGRAM 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRANT FUNDS ARE SENT TO A SEGREGATED BROKERAGE ACCOUNT FOR MONITORING. X X 0 0 0 0 0 0 0 0 0 LESLIE SMITH 163181 0 0 0 0 0 0 0 13022 0 176203 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A WAYNE STATE UNIVERSITY MAY APPOINT UP TO EIGHT MEMBERS. FURTHER, THE WAYNE STATE BOARD OF GOVERNORS MAY APPOINT UP TO TWO MEMBERS. GENERAL MOTORS, HENRY FORD HEALTH SYSTEM, AND THE CITY OF DETROIT MAY ALSO ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 WILL BE REVIEWED BY THE PRESIDENT/CEO PRIOR TO FILING. NO FORMAL BOARD REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT AVAILABLE FOR PUBLIC INSPECTION. OTHER FEES FORM 990, PART IX, LINE 11G IT CONSULTING: PROGRAM SERVICE EXPENSES 19,995. MANAGEMENT AND GENERAL EXPENSES 6,665. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,660. MICRO ENTERPRISES PROGRAM FACILITATORS: PROGRAM SERVICE EXPENSES 41,940. MANAGEMENT AND GENERAL EXPENSES 13,980. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 55,920. SHIFTING GEARS PROGRAM MENTORS: PROGRAM SERVICE EXPENSES 168,750. MANAGEMENT AND GENERAL EXPENSES 56,250. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 225,000. CONTRACT EMPLOYEES: PROGRAM SERVICE EXPENSES 28,125. MANAGEMENT AND GENERAL EXPENSES 9,375. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 37,500. CONSULTING: PROGRAM SERVICE EXPENSES 92,416. MANAGEMENT AND GENERAL EXPENSES 30,805. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 123,221. FORM 990, PART XII, LINE 2C: THE AUDIT PROCESS HAS NOT CHANGED FROM PREVIOUS YEARS. 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