2011-11-15T13:35:27-06:00 2010-12-31 PLANTE & MORAN PLLC PO BOX 307 SOUTHFIELD MI 480370307 990 2010-01-01 412061387 WAYNE STATE UNIVERSITY RESEARCH AND TECHNOLOGY PARK IN THE CITY OF DETROIT WAYN 3138871639 440 BURROUGHS DETROIT MI 48202 RANDAL CHARLTON 3138871639 2011-11-15 1 2483522500 2010 2016-03-07 17:11:31Z LESLIE SMITH 440 BURROUGHS DETROIT MI 48202 4220781 0 X WWW.TECHTOWNWSU.ORG X 2000 MI TO EXPAND EDUCATIONAL OPPORTUNITIES AND KNOWLEDGE PERTAINING TO SCIENTIFIC AND TECHNOLOGICAL RESEARCH AND DEVELOPMENT AMONG PUBLIC AND PRIVATE ENTITIES INCLUDING, BUT NOT LIMITED TO, THE AREAS OF INDUSTRIAL TECHNOLOGY, BIOTECHNOLOGY, AND COMMUNICATIONS TECHNOLOGY, AND THEREBY TO PROMOTE THE ECONOMIC AND INDUSTRIAL DEVELOPMENT OF THE CITY OF DETROIT AND THE STATE OF MICHIGAN. 21 21 27 21 12306 2646 3381512 4048375 354452 75068 5909 2920 -77416 -42876 3664457 4083487 178589 0 0 0 761525 1417578 0 0 107097 1720164 1404766 2660278 2822344 1004179 1261143 5639912 4949571 1266983 771583 4372929 4177988 NONE 0 0 1875840 0 TECHTOWN HELPS CREATE AND STRENGTHEN A CULTURE OF ENTREPRENEURIALISM IN DETROIT AND MICHIGAN, LEADING TO VIGOROUS AND LASTING ECONOMIC GROWTH. TECHTOWN SUPPORTS THE DEVELOPMENT OF EMERGING COMPANIES THROUGH SUSTAINABLE BUSINESS OPERATIONS, EXEMPLARY PROGRAMS AND SERVICES, AND A COMPREHENSIVE INFRASTRUCTURE, ALL INTEGRATED INTO DETROIT'S BROADER ECONOMIC DEVELOPMENT GOALS; AND LEVERAGES COMMUNITY PARTNERSHIPS REQUIRED TO DELIVER EFFECTIVE PROGRAMS AND SERVICES TO EMERGING COMPANIES. 1875840 1 1 0 0 0 0 0 0 0 1 0 0 0 0 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 1 0 1 94 0 1 27 1 1 1 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 0 0 0 0 1 0 MI X LESLIE SMITH 3138795249 440 BURROUGHS DETROIT MI 48202 MS LIZABETH ARDISANA 1.00 X 0 0 0 MR JOHN BLANCHARD 1.00 X 0 0 0 MR DAVID BLASZKIEWICZ 1.00 X X 0 0 0 MR RICHARD E BLOUSE JR 1.00 X 0 0 0 MR JAMES CONNELLY 1.00 X X 0 0 0 MR MATT CULLEN 1.00 X X 0 0 0 MR JOHN DAVIS 1.00 X 0 0 0 HON DEBBIE DINGLE 1.00 X 0 0 0 MR PAUL HILLEGONDS 1.00 X 0 0 0 MR BRIAN HOLDWICK 1.00 X 0 0 0 MS ANNETTA MILLER 1.00 X 0 0 0 MS TURKIA MULLIN 1.00 X 0 0 0 MS FAYE NELSON 1.00 X X 0 0 0 DR JAY NOREN 1.00 X X 0 0 0 HON CHARLES PUGH 1.00 X 0 0 0 DR HILARY RATNER 1.00 X 0 0 0 MR PAUL SCHAAP 1.00 X 0 0 0 MR ROBERT THOMAS 1.00 X 0 0 0 DR MUMTAZ USMEN 1.00 X 0 0 0 MR DAVID WILLIAMS 1.00 X 0 0 0 MR ROBERT CHARLES 1.00 X 0 0 0 MR RANDALL CHARLTON 40.00 X 138054 0 16984 MR AL BACON 40.00 X 127710 0 12516 265764 0 29500 1 0 1 1 HONIGMAN MILLER SCHWARTZ & COHN LLP 660 WOODWARD AVE DETROIT MI 48226 LEGAL 171241 PLANTE MORAN PLLC 27400 NORTHWESTERN HWY SOUTHFIELD MI 48037 AUDIT AND TAX 110320 AVALON LLC 13046 PARTRIDGE RUN SHELBY TOWNSHIP MI 48135 CONSULTING 102147 3 126579 3921796 4048375 MANAGEMENT FEES 611310 75068 75068 75068 2920 2920 74532 137294 -62762 -62762 MISCELLANEOUS INCOME 900099 19886 19886 19886 4083487 0 12306 22806 226693 226693 1007101 911184 20480 75437 95065 86011 1933 7121 88719 80269 1804 6646 39583 39583 109254 109254 194565 7323 187242 40909 24545 16364 25298 12649 12649 28717 21538 7179 4490 2245 2245 859905 644929 214976 68262 68262 7729 7729 SUBSCRIPTIONS 15281 6112 7640 1529 FEES FOR CHAMPIONS 10100 10100 REPAIRS & MAINTENANCE 673 673 2822344 1875840 839407 107097 726019 767665 3539110 3842897 163944 325068 180920 161172 144148 1166735 10652 46876 20265 5639912 4949571 1251026 617766 153817 15957 0 1266983 771583 X 3301258 2017859 1071671 2160129 4372929 4177988 5639912 4949571 X 1261143 -1456084 X X 0 1 1 X 0 X 1234182 1853031 1139213 3381512 4048375 11656313 270346 64068 343463 281980 75068 1034925 1504528 1917099 1482676 3663492 4123443 12691238 290000 1500000 625882 1125882 3541764 102347 72472 32110 206929 392347 1500000 625882 72472 1157992 3748693 8942545 410 12446 5909 2920 21685 100266 149600 249866 410 12446 106175 152520 271551 731 5173 1067 3716 19884 30571 1505259 1922682 1496189 3773383 4295847 12993360 0.68820 0.67870 0.02090 0.01350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 237352 101203 136149 87716 79717 7999 144148 X 0 0 0 0 0 0 0 0 0 MR RANDALL CHARLTON 138054 0 0 0 0 0 0 0 16984 0 155038 0 0 0 SUPPLEMENTAL INFORMATION PART III SCH. J, PART II THE COMPENSATION PAID FOR THE EXECUTIVE DIRECTOR, RANDALL CHARLTON, IS PAID BY WAYNE STATE UNIVERSITY. WAYNE STATE UNIVERSITY IS AN UNRELATED ENTITY AND IS REIMBURSED BY THIS ENTITY FOR HIS COMPENSATION. A TOTAL OF $86,467 WAS PAID FROM THIS ENTITY TO WAYNE STATE UNIVERSITY. 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 EXECUTIVE DIRECTOR 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,456,084. FORM 990, PART XIII, LINE 2C THE AUDIT PROCESS HAS NOT CHANGED FROM PREVIOUS YEARS. TECHONE DEVELOPMENT LLC 440 BURROUGHS DETROIT MI 48202 201062523 LANDLORD MI TECHONE HOLDING CORPORATION RELATED -476058 21898792 0 1 0.94000 TECHONE HOLDING CORPORATION 440 BURROUGHS DETROIT MI 48202 201062426 MASTER SUB-TENANT MI WAYNE STATE UNIVERSITY RESEARCH AND TECHNOLOGY PARK IN THE CITY OF DETROIT C -1594529 5973210 1.00000 0 1 1 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 TECHONE HOLDING CORPORATION P 75068 CASH TRANSACTION TECHONE HOLDING CORPORATION K 135750 ALLOCATED COST