EIN 41-2061387

TechTown

IRS 501(c) type
501(c)(3)
Num. employees
49
Year formed
2000
Most recent tax filings
2019-12
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

Program areas at TechTown

Business units and programstech - technology-based programming tech venture accelerator: highly competitive, boot-camp style program helps show entrepreneurs how to turn their early stage technology-based startups into sustainable, market-ready businesses.launch Detroit: programmatic partnership designed to recruit and groom talent for tech entrepreneurship and convert innovative technologies into Detroit startups. Partners: Techtown, grand circus, invest Detroit and the Detroit creative corridor center.technology commercialization: Techtown evaluates and roadmaps the commercialization potential of University or health care system-developed technologies; high potential technologies transition into Techtown programs.start-up incubation: Techtown's incubation program customizes support based on each tech startup's unique business needs. Startups have a business model that's based on demonstrated customer need and a Technology in the early prototype stage.small business services - place-based programmingretail boot camp: prepares serious entrepreneurs with strong retail concepts for the successful launch of their brick-and-mortar business in a core Detroit commercial districtswot City: combines economic development and start-up acceleration strategies to transform Detroit's historically underserved neighborhoods into vibrant and dense communitiesspace - real estate programmingoffice and lab space: commercial real estate for innovative Detroit businessesco-working: co-working community offering Detroit entrepreneurs an affordable, flexible and collaborative work environmentmeeting 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

Form 990s for TechTown

Fiscal year endingDate received by IRSFormPDF link
2019-122021-02-17990View PDF
2018-122019-10-18990View PDF
2017-122018-12-22990View PDF
2016-122017-12-27990View PDF
2015-122017-03-27990View PDF
...and 7 more Form 990s

Who funds TechTown

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Invest DetroitTenant Improvements To Techtown Facility$250,000
 Subscribe to view█ ███ █ ██████ ███ ████ ████$99,999
 Subscribe to view███, ████ ███$99,999
...and 2 more grants received
Federal funding details
Federal agencyProgram nameAmount
Department of Housing and Urban DevelopmentCOMMUNITY DEVELOPMENT BLOCK GRANTS - SECTION 108 LOAN GUARANTEES$536,878
 Subscribe to view█████ ██████ ███ █████████ ████ █████ ███$░░░,░░░

Grants made by TechTown

GranteeGrant descriptionAmount
Detroit Midtown Micro-Enterprise Fund CorporationTo Support Economic Development$10,000

Financials for TechTown

RevenuesFYE 12/2019
Total grants, contributions, etc.$3,376,045
Program services$69,273
Investment income and dividends$37,698
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$3,483,016

Personnel at TechTown

NameTitleCompensation
Edward B StaeblerPresident and Chief Executive Officer$104,280
Marlin WilliamsChief Program Officer$154,513
Allandra BulgerExecutive Director , Co.act Detroit$116,051
 Subscribe to viewDirector of Finance$107,329
 Subscribe to viewDirector, Technology - Based Programs
...and 11 more key personnel

Organizations like TechTown

OrganizationLocationRevenue
South Bronx Overall Economic Development Corporation (SoBRO)Bronx, NY$11,284,630
Wisconsin Womens Business Initiative Corporation (WWBIC)Milwaukee, WI$6,770,136
Aedc Small Business Lending CenterEureka, CA$1,162,534
Union County Economic Development Corporation (UCEDC)Cranford, NJ$3,311,510
Rockville Economic Development (REDI)Rockville, MD$1,543,236
Bear Paw Development CorporationHavre, MT$1,266,940
Development Corporation of Knox County (TDC)Knoxville, TN$1,711,835
Collinwood Nottingham Villages Development CorporationCleveland, OH$1,138,018
Newark Community Economic Development CorporationNewark, NJ$3,096,821
Pasco Economic Development Council (PEDC)Lutz, FL$1,967,037
Queens Economic Development CorporationKew Gardens, NY$1,850,029
Eastern Maine Development CorporationBangor, ME$5,349,511
Dakota ResourcesRenner, SD$3,661,518
CCD Business Development CorporationRoseburg, OR$1,545,109
Renaissance Economic Development CorporationNew York, NY$2,370,615
El Corredor Tecno Economico de Puerto Rico Y El CaribeMayaquez, PR$2,084,451
Structured Employment Economic Development Corporation (SEEDCO)New York, NY$7,108,806
Greater St Cloud Development CorporationSt Cloud, MN$945,991
Cumberland Area Economic Development CorporationCarlisle, PA$2,710,264
Cabrillo Economic Development CorporationVentura, CA$4,658,020
Milwaukee Development CorporationMilwaukee, WI$2,428,468
Fay-Penn Economic Development CouncilLemont Furnace, PA$3,305,380
Lake County Community Development CorporationRonan, MT$1,337,830
Regional Development CorporationEspanola, NM$1,192,849
Superior California Economic DevelopmentRedding, CA$1,222,071
Nonprofit Types
Issues
Characteristics
Key performance indicators
Total revenues
$3,483,016
2019
Yearly growth
-42.5%
% of revenues
n/a
Total expenses
$5,953,355
2019
Yearly growth
49.6%
% of expenses
n/a
Total assets
$24,032,222
2019
Yearly growth
-5.5%
% of assets
n/a
Num. employees
49
2019
Yearly growth
40%
% of total
n/a
General information
Address
440 Burroughs
Detroit, MI 48202
Metro area
Detroit-Warren-Dearborn, 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
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent