EIN 75-2775052

Techfw

IRS 501(c) type
501(c)(3)
Num. employees
8
State
Year formed
1998
Most recent tax filings
2022-12-01
Description
TechFW empowers entrepreneurs to commercialize innovative technology and fosters the development of North Texas' technology business community. Entrepreneurs can benefit from ThinkLab, a program that allows them to invest in the foundations of their venture, while angel investors and entrepreneurs from around the country can connect through TechFW's Cowtown Angels program. In addition, SmartVest educates new investors on best practices and the organization partners with others to produce events that connect key players in the industry.
Also known as...
Tech Fort Worth
Total revenues
$509,549
2022
Total expenses
$637,850
2022
Total assets
$878,746
2022
Num. employees
8
2022

Program areas at Techfw

FOR ENTREPRENEURS: TechFW is entrepreneurs helping entrepreneurs commercialize innovative technologies. TechFW has four main programs for entrepreneurs. ThinkLab is a personal investment by an entrepreneur in the foundations of their technology venture and skill development as a founder and entrepreneur. By design, the ThinkLab program helps founders and entrepreneurs determine whether there is enough value to pursue a product or service idea, identify potential markets, develop a path to market strategy, and learn how to communicate the value of the idea to early stakeholders and adopters. SmartStart is where founders build and launch their startup and tirelessly advance the people, tools and culture within their venture. The goal of SmartStart is to make it happen, through customized efforts to refine the plan, refer the company to appropriate management, consultants, potential partners, or others, and help the company find appropriate funding, etc. SmartStart clients can lease space during the time they need to implement their plans. FastForward is for executives scaling high-growth companies and taking on new leadership challenges with their business model. New executives often need help in seeking funding for growth, hiring, marketing, sales, implementing processes, and many other challenges. Companies in SmartStart and Fast Forward qualify for our M-Crew program, which is a TechFW differentiator because a team of mentors with diverse experiences works with companies for six months. During this time, they focus on central barriers to growth and implementation that the founders and executives are facing. Our ability to recruit skilled mentors in diverse industries and match them to the needs of the companies has been the success of the program.
FOR INVESTORS: TechFW facilitates the interaction between angel investors and entrepreneurs from across the country with our Cowtown Angels program, educates new investors through our SmartVest program and partners with organizations to produce events connecting investors and entrepreneurs. The Cowtown Angels program was started in September 2012 to create a mechanism whereby local technology-based businesses could gain access to local funding by private investors. Members, who are accredited investors, pay an annual fee that entitles them to participate in monthly meetings to hear pitches from companies. TechFW coaches and helps prepare the applying companies so that they are better able to present their businesses well, provides feedback to the applying companies before and after their pitches, and facilitates all the meetings of the angel network. Each member makes his or her own investing decisions. Cowtown Angels generally has three profiles of members: retired professionals, serial entrepreneurs, and professional investors, including family offices and private equity firms. Cowtown Angels is a member of the Angel Capital Association.
OUTREACH TO THE COMMUNITY: Our outreach initiatives have a daily impact on the community. TechFW is at the epicenter of innovation in Fort Worth and responds daily to community inquiries, networks its clients to the community and vice versa, and serves on committees across multiple industries to help Fort Worth innovate and grow. During the year, TechFW produces monthly newsletters, weekly events, and other specialty events for the entrepreneurial community and our members. We partner with several organizations and institutions, including universities, corporations, service providers, and other entrepreneur support organizations.

Personnel at Techfw

NameTitleCompensation
Hayden BlackburnExecutive Director$101,923
Sarah WhiteOperations Manager
Dev'N GoodmanEngagement Manager
Alem BoukadoumTreasurer / Director$0
Brent SorrellsChairman / Secretary / Director$0
...and 7 more key personnel

Financials for Techfw

RevenuesFYE 12/2022
Total grants, contributions, etc.$145,536
Program services$363,674
Investment income and dividends$339
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$0
Total revenues$509,549

Form 990s for Techfw

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-01990View PDF
2021-122022-06-10990View PDF
2020-122021-06-08990View PDF
2019-122021-01-21990View PDF
2018-122020-06-15990View PDF
...and 7 more Form 990s

Organizations like Techfw

OrganizationLocationRevenue
Women's Enterprise Development CenterNorth White Plains, NY$1,781,258
Greater Atlanta Economic AllianceAtlanta, GA$202,964
Doyenne GroupMadison, WI$259,923
BizstartsMilwaukee, WI$808,515
Colorado ThrivesDenver, CO$355,000
Business Training Institute (WBC of NYS)Utica, NY$1,519,666
StartUP ColumbusColumbus, GA$210,133
Endeavor DetroitDetroit, MI$1,285,918
Endeavor MidwestLouisville, KY$577,647
TheCOJackson, TN$640,119
Data update history
January 21, 2024
Updated personnel
Identified 1 new personnel
January 14, 2024
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 26, 2023
Updated personnel
Identified 2 new personnel
August 12, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Employment organizationsBusiness and community development organizationsCharities
Issues
EducationBusiness and industry
Characteristics
State / local levelTax deductible donations
General information
Address
1120 S Freeway
Fort Worth, TX 76104
Metro area
Dallas-Fort Worth-Arlington, TX
Website URL
techfortworth.org/ 
Phone
(817) 339-8968
IRS details
EIN
75-2775052
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1998
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
611430: Professional and Management Development Training
Parent/child status
Independent
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