EIN 41-2061387

TechTown

IRS 501(c) type
501(c)(3)
Num. employees
46
Year formed
2000
Most recent tax filings
2020-12-01
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
$5,453,364
2020
Total expenses
$7,901,750
2020
Total assets
$20,621,192
2020
Num. employees
46
2020

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

Who funds TechTown

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
American Online Giving FoundationGeneral Support$250,000
Invest DetroitTenant Improvements To Techtown Facility$250,000
Koshland FoundationSupport for the Booknook Programs for Covid-19 School Closures in Oakland, Ca$125,000
...and 4 more grants received
Federal funding details
Federal agencyProgram nameAmount
Department of Housing and Urban DevelopmentCOMMUNITY DEVELOPMENT BLOCK GRANTS - SECTION 108 LOAN GUARANTEES$536,878
Department of Housing and Urban DevelopmentCOMMUNITY DEVELOPMENT BLOCK GRANT/BROWNFIELDS ECONOMIC DEVELOPMENT INITIA$511,313

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
Kimberly ColonDirector of Finance$107,329
Marlo RencherDirector, Technology - Based Programs
...and 11 more key personnel

Financials for TechTown

RevenuesFYE 12/2020
Total grants, contributions, etc.$5,325,268
Program services$121,706
Investment income and dividends$6,390
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$5,453,364

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
Data update history
July 28, 2022
Received grants
Identified 2 new grant, including a grant for $50,000 from Tides Foundation
September 23, 2021
Received grants
Identified 4 new grant, including a grant for $250,000 from Invest Detroit
August 22, 2021
Posted financials
Added Form 990 for fiscal year 2019
March 29, 2021
Updated personnel
Identified 7 new personnel
March 29, 2021
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
State / local levelReceives government fundingManagement and technical assistanceTax 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
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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