EIN 41-2061387

TechTown

IRS 501(c) type
501(c)(3)
Num. employees
63
Year formed
2000
Most recent tax filings
2022-12-01
Description
TechTown is a 501(c)(3) nonprofit and is located within the Woodward Technology Corridor SmartZone. Its programs serve entrepreneurs in the technology, retail and wholesale sectors.
Also known as...
Wayne State University Research and Technology Park in the City of Detroit
Total revenues
$15,845,749
2022
Total expenses
$8,937,181
2022
Total assets
$31,848,008
2022
Num. employees
63
2022

Program areas at TechTown

Business units and programstechnology-based entrepreneurship programming - start studio: idea-stage accelerator that validates early-stage tech startups through customer discovery.-incubator: an intense and dynamic program focused on helping promising tech startups make the transition into profitable companies. Via a cohort model, Techtown will help founders strengthen their businesses in three key areas: business operations, technical operations and fundraising readiness.-technology commercialization: Techtown evaluated and roadmapped the commercialization potential of University or health care system-developed technologies; high potential technologies transition into Techtown programs.-traction: takes the business move from product to purchase via a unique community of accountability that helps startups move from launching the first version of their product to generating recurring revenue. -capital access program: a series of training modules and cohort support that helps entrepreneurs understand the tech funding landscape and access the funds needed to get their business off the ground.small business services-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 district.-313 strong: combines economic development and start-up acceleration strategies to transform Detroit's historically underserved neighborhoods into vibrant and dense communities.space - real estate programming-office and lab space: commercial real estate for innovative Detroit businesses.-co-working: co-working community offering Detroit entrepreneurs an affordable, flexible and collaborative work environment.-meeting 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.

Grants made by TechTown

GranteeGrant descriptionAmount
Detroit Sound ConservancyPassthrough Grant Award$150,000
SoulardarityPassthrough Grant Award$72,742
Journi IncorporatedPassthrough Grant Award$67,000
...and 22 more grants made totalling $890,742

Who funds TechTown

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Kresge FoundationThis Grant Provides Project Support and Regranting Funds To Co.act Detroit To Act As the Grantmaking Intermediary for Kresge Innovative Projects: Detroit Round 7, To Be Launched in November 2021.$1,900,000
The Gilbert Family Foundation / Matthew Rizik TteeEconomic Mobility$937,000
The Skillman FoundationBipoc Fund$600,000
...and 11 more grants received

Personnel at TechTown

NameTitleCompensation
Ned StaeblerPresident and Chief Executive Officer$0
Kelly KozlowskiChief Operating Officer$176,659
Diana GoodeChief Finance Officer$76,986
Christianne MaloneChief Program Officer$8,908
Allandra BulgerExecutive Director , Co.act Detroit$141,047
...and 16 more key personnel

Financials for TechTown

RevenuesFYE 12/2022
Total grants, contributions, etc.$15,819,356
Program services$180,190
Investment income and dividends$22,100
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-7,235
Net income from fundraising events$-168,662
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$15,845,749

Form 990s for TechTown

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-14990View PDF
2020-122021-11-08990View PDF
2019-122021-02-17990View PDF
2018-122019-10-18990View PDF
...and 10 more Form 990s
Data update history
January 22, 2024
Updated personnel
Identified 3 new personnel
January 15, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 9, 2024
Updated personnel
Identified 10 new personnel
December 23, 2023
Received grants
Identified 13 new grant, including a grant for $1,900,000 from Kresge Foundation
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Business and community development organizationsFamily service centersCharities
Issues
Economic developmentBusiness and industry
Characteristics
Fundraising eventsState / local levelReceives government fundingTax deductible donations
General information
Address
440 Burroughs
Detroit, MI 48202
Metro area
Detroit-Warren-Dearborn, MI
County
Wayne County, MI
Website URL
techtowndetroit.org/ 
Phone
(313) 879-5250
IRS details
EIN
41-2061387
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2000
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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