Cause IQ organization profile

Missouri Technology Corporation (MTC)

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

MTC is a urban development organization based in Jefferson City, MO that was founded in 1983. As of 2019 they had $10 million in revenue and $59 million in assets.

The Missouri Technology Corporation (MTC) is a public-private partnership created by the Missouri General Assembly to promote entrepreneurship and foster the growth of new and emerging high-tech companies.

Previous legal names or variations of their name include: Missouri Corporation For Science And Technology.

EIN:
43-1341372
City:
State:
Website:
Phone:
(573) 526-0470
Founded:
1983
Type:
501(c)(3)
NTEE:
Revenue:
$10,822,200
Assets:
$59,956,395
Employees:
0
Fiscal year end:
June
Revenue trends:
Asset trends:

Program areas at MTC

The lewis and clark discovery initiative provides funds to the Missouri technology corporation to provide loans and grants to high-tech small business located in Missouri.

The state small business credit initiative (ssbci) is a program administered by the u.s. department of treasury to support state programs to increase the amount of private capital made available to small businesses and to cover reasonable administrative expenses. Mtc uses the ssbci program to support the high-tech Missouri innovation, development and entrepreneurial advancement (idea) seed and venture capital funds designed to help high-tech Missouri entrepreneurs to accelerate private investment in Missouri technology early-stage companies and to create new, high-tech jobs in the state.

The Missouri technology investment program funds innovation centers around the state whose purpose is to provide vital services to technology startups offering an environment to foster growth to a point where these startups are more likely to receive venture investments, corporate and government contracts, and eventually enter the marketplace. This funding source also supports mtc's capital formation program, the idea funds which provide co-investment to eligible high-tech, early stage and startup companies and its Missouri building entrepreneurial capacity (mobec) program which provides grant funding to regional and local non-profit organizations and higher education institutions to support initiatives that assist entrepreneurs or enhances Missouri's research and commercialization capabilities.

Form 990s for MTC

Fiscal year endingDate received by IRSFormPDF link
2019-06Jan 16, 2020990View PDF
2018-06Jul 23, 2019990View PDF
2017-06Oct 16, 2018990View PDF
2016-06Jul 25, 2017990View PDF
2015-06Aug 2, 2016990View PDF
...and six more Form 990 PDFs

Financials for MTC

Field2019
Total grants, contributions, etc.$3,182,500
Program services$0
Investment income and dividends$1,370,090
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$6,269,610
Total revenues$10,822,200

Vendors for MTC

VendorServicesAmount paidDate
Google IncSoftware2020-03-17
████████████████ ███Tax accounting2019-06-15
████████ ██████Legal$219,7242018-06-01

Personnel at MTC

NameTitleCompensationMost recent data
Bill AndersonExecutive Director-March 19, 2018
William AndersonExecutive Director and President$87,635Sept. 19, 2018
███ ███ █████Secretary - Treasurer$0Jan. 16, 2020
█████ ████Chairman of the Board$0Jan. 16, 2020
███ ██████ ██████Vice Chair$0Jan. 16, 2020

Peer urban development organizations

 NameTypeRevenueLocation
1Volunteers for Economic Growth Alliance501(c)(3)$18 millionWashington, DC
2Hawthorn Foundation501(c)(6)$3.6 millionJefferson City, MO
3Cortex501(c)(3)$23 millionSt Louis, MO
4Milwaukee Downtown501(c)(3)$6.3 millionMilwaukee, WI
5East Baltimore Development (EBDI)501(c)(3)$13 millionBaltimore, MD
6Buffalo Urban Development Corporation501(c)(3)$27 millionBuffalo, NY
7Illinois Manufacturing Excellence Center (IMEC)501(c)(3)$10 millionPeoria, IL
8Inquiring Systems501(c)(3)$7.1 millionSanta Rosa, CA
9Egyptian-American Enterprise Fund (EAEF)501(c)(3)$41 millionNew York, NY
10National CHILDREN'S Cancer Society (NCCS)501(c)(3)$26 millionSt Louis, MO
11Project Peanut Butter501(c)(3)$3.5 millionMaplewood, MO
12University Enterprise Laboratories501(c)(3)$2.8 millionSt Paul, MN
13Old Spanish Trail-Almeda Corridors Redevelopment Authority501(c)(3)$13 millionHouston, TX
14Executive Service Corps of Chicago (ESC)501(c)(3)$3.6 millionChicago, IL
15Wisconsin Center for Manufacturing and Productivity501(c)(3)$4.9 millionMadison, WI
16Onestar Foundation501(c)(3)$36 millionAustin, TX
17Independent Colleges of Indiana (ICI)501(c)(3)$25 millionIndianapolis, IN
18M-1 Rail501(c)(3)$5.5 millionDetroit, MI
19Cool Effect501(c)(3)$5.8 millionGreenbrae, CA
20The Luckyday Foundation Trustmark National Bank Trustee (NRECA)501(c)(3)$9.1 millionJackson, MS
21American Communities Trust501(c)(3)$4.0 millionBaltimore, MD
22Society for Information Display / National Office (SID)501(c)(3)$5.6 millionCampbell, CA
23Raam Raj Foundation501(c)(3)$3.9 millionFairfield, IA
24National Institute for Pharmaceutical Technology and Education (NIPTE)501(c)(3)$3.2 millionMinneapolis, MN
25IIT Madras Foundation501(c)(3)$4.1 millionCupertino, CA