EIN 43-1341372

Missouri Technology Corporation (MTC)

IRS 501(c) type
501(c)(3)
Num. employees
6
Year formed
1983
Most recent tax filings
2023-06-01
NTEE code, primary
Description
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.
Also known as...
Missouri Corporation for Science and Technology
Total revenues
$57,612,488
2023
Total expenses
$19,605,682
2023
Total assets
$113,462,871
2023
Num. employees
6
2023

Program areas at MTC

The advanced manufacturing resiliency grant program provides grant-based funding for the creation of infrastructure for industries that are fundamental to the national security of the united states where the manufacturing of essential products has become reliant on production outside of the united states. The program focuses on such manufacturing where Missouri has an inherent connection or advantage creating an environment for significant growth in Missouri's economy, including but not limited to advanced and innovative manufacturing of active pharmaceutical ingredients and semiconductors.
The state small business credit initiative (ssbci 2.0) 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 funds to support its innovation, development, and entrepreneurial advancement (idea) fund co-investment program which makes direct investments into missouri-based Technology startups for the purpose of supporting Technology and business development.
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.
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 national geospatial-intelligence agency (nga) is a unique combination of intelligence agency and combat support agency. Nga seeks to advance its Technology transfer efforts for the commercialization of federally developed Technology. Through a partnership with the Missouri Technology Corporation (mtc), nga will engage with partners in the greater st. louis region to drive innovation in geospatial Technology through collaboration and a transfer of Technology and subject matter expertise. The mtc has been tasked with launching and coordinating competitive programs designed to deliver innovative and commercially viable solutions that either match nga's or their customer's current and future Technology needs.

Grants made by MTC

GranteeGrant descriptionAmount
Joplin Area Chamber of Commerce FoundationMTC Granted Funding To Expand Entrepreneurial Capacity in Joplin, Missouri$0
Missouri EnterpriseMTC Granted Funding for the Operation of Missouri's Manufacturing Extension Partnership Program$0
Api Innovation CenterMTC Granted Funding To Develop Active Pharmaceutical Ingredient Manufacturing Infrastructure Within Missouri$0
...and 12 more grants made

Who funds Missouri Technology Corporation (MTC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Peculiar Charitable FoundationScholarships$4,000

Personnel at MTC

NameTitleCompensation
Dr. Jack ScatizziBoard Member$40,897
John ScatizziPast Executive Director$120,417
Jim BakerBoard Member$0
Dan CobbChair$0
Dedric CarterChairman of the Board$0
...and 3 more key personnel

Financials for MTC

RevenuesFYE 06/2023
Total grants, contributions, etc.$50,219,323
Program services$0
Investment income and dividends$702,824
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$6,690,341
Total revenues$57,612,488

Form 990s for MTC

Fiscal year endingDate received by IRSFormPDF link
2023-062023-10-31990View PDF
2022-062022-10-28990View PDF
2021-062021-11-10990View PDF
2020-062021-02-22990View PDF
2019-062020-01-16990View PDF
...and 10 more Form 990s
Data update history
January 10, 2024
Posted financials
Added Form 990 for fiscal year 2023
January 9, 2024
Updated personnel
Identified 3 new personnel
December 9, 2023
Updated personnel
Identified 3 new personnel
September 18, 2023
Updated personnel
Identified 4 new personnel
August 17, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Business and community development organizationsResearch centersCharities
Issues
Science and technologySocial sciencesCommunity improvementEconomic development
Characteristics
Conducts researchState / local levelReceives government fundingTax deductible donations
General information
Address
PO Box 2137
Jefferson City, MO 65101
Metro area
Jefferson City, MO
County
Cole County, MO
Website URL
missouritechnology.com/ 
Phone
(573) 526-0470
IRS details
EIN
43-1341372
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1983
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
5417: Scientific Research and Development Services
Parent/child status
Independent
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