2022-11-14T16:36:08-06:00 2021-12-31 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT STE 300 AUBURN HILLS MI 48326 990 2021-01-01 412061387 WAYNE STATE UNIVERSITY RESEARCH AND TECHNOLOGY PARK IN THE CITY OF DETROIT WAYN 3138871639 440 BURROUGHS DETROIT MI 48202 EDWARD B STAEBLER PRESIDENT & CEO 3138871639 2022-11-14 1 EDWARD STAEBLER 999009999 TINA PETERS P00904574 2483757100 2022-11-14 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z TECHTOWN TECHTOWN DETROIT EDWARD B STAEBLER 440 BURROUGHS DETROIT MI 48202 9036077 0 X WWW.TECHTOWNDETROIT.ORG X 2000 MI TECHTOWN IS DETROIT'S ENTREPRENEURSHIP HUB. WE EMPOWER DETROIT-BASED STARTUPS AND LOCAL BUSINESSES BY PROVIDING RESOURCES, COLLABORATIVE WORKSPACE AND EDUCATION FOR ENTREPRENEURS THAT WILL FURTHER ACCELERATE INCLUSIVE ECONOMIC DEVELOPMENT ACROSS DETROIT. TECHTOWN IS A 501(C)(3) NONPROFIT AND IS LOCATED WITHIN THE WOODWARD TECHNOLOGY CORRIDOR SMARTZONE. 27 26 59 38 0 0 5325268 8954145 121706 67299 6390 146 0 -42739 5453364 8978851 2447971 489787 0 0 2856387 2840461 0 0 211906 2597392 2423214 7901750 5753462 -2448386 3225389 20621192 24221060 2237828 2071783 18383364 22149277 X TECHTOWN IS DETROIT'S ENTREPRENEURSHIP HUB. WE HELP TECH STARTUPS AND SMALL BUSINESSES DEVELOP, LAUNCH AND GROW. BY OPENING DOORS TO OPPORTUNITY, WE STRENGTHEN OUR CITY, NEIGHBORHOODS AND ECONOMY. 0 0 4039032 489787 67299 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. 4039032 1 1 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 196 0 1 59 1 0 0 0 0 0 0 0 0 0 0 0 0 X 27 26 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 1 0 0 MI X EDWARD B STAEBLER 3138795249 440 BURROUGHS DETROIT MI 48202 EDWARD STAEBLER PRESIDENT & CEO 20.00 20.00 X X 101433 0 29240 KELLY KOZLOWSKI CHIEF OPERATING OFFICER 20.00 20.00 X 161684 0 46745 ALLANDRA BULGER EXECUTIVE DIRECTOR, CO.ACT DETROIT 40.00 0.00 X 148680 0 28840 DAWN BATTS STRATEGIST, TECHNOLOGY-BASED PROGRAMS 40.00 0.00 X 126610 0 24576 MARLO RENCHER DIRECTOR, TECHNOLOGY-BASED PROGRAMS 40.00 0.00 X 119926 0 23089 AMY RENCHER MGMT DIR ENTREPRENEURIAL PGRMS & SRVS 40.00 0.00 X 118038 0 22062 DANIELLE MANLEY DIRECTOR, DEVELOPMENT 40.00 0.00 X 104234 0 30213 ANDREW MELTON DIRECTOR OF FINANCE 20.00 20.00 X 39782 0 11615 KIMBERLY COLON DIRECTOR OF FINANCE- LAST DAY 8/21 20.00 20.00 X 28048 0 8047 DR M ROY WILSON CHAIR 1.00 0.00 X X 0 0 0 STEPHEN LANIER VICE CHAIR/SECRETARY - PARTIAL YEAR 1.00 0.00 X X 0 0 0 ANIKA GOSS-FOSTER BOARD MEMBER 1.00 0.00 X 0 0 0 CAMILO SERNA BOARD MEMBER - PARTIAL YEAR 1.00 0.00 X 0 0 0 CARLA WALKER-MILLER BOARD MEMBER 1.00 0.00 X 0 0 0 CHARLES BURKE BOARD MEMBER - PARTIAL YEAR 1.00 0.00 X 0 0 0 CHRISTOPHER RIZIK BOARD MEMBER 1.00 0.00 X 0 0 0 DANA THOMPSON BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID MASSARON BOARD MEMBER 1.00 0.00 X 0 0 0 FREDRICK MOLNAR BOARD MEMBER 1.00 0.00 X 0 0 0 GENE BARBER BOARD MEMBER 1.00 0.00 X 0 0 0 HECTOR HERNANDEZ BOARD MEMBER 1.00 0.00 X 0 0 0 JAMILA THOMPSON BOARD MEMBER 1.00 0.00 X 0 0 0 JASON AESCHLIMAN BOARD MEMBER 1.00 0.00 X 0 0 0 JASON TINSLEY BOARD MEMBER 1.00 0.00 X 0 0 0 JILL FORD BOARD MEMBER 1.00 0.00 X 0 0 0 JIM SABER BOARD MEMBER 1.00 0.00 X 0 0 0 JONATHAN RUMLEY BOARD MEMBER 1.00 0.00 X 0 0 0 KEVIN JOHNSON BOARD MEMBER 1.00 0.00 X 0 0 0 LISA M HARDY BOARD MEMBER 1.00 0.00 X 0 0 0 LISA PRASAD BOARD MEMBER 1.00 0.00 X 0 0 0 MIKE RAFFERTY BOARD MEMBER 1.00 0.00 X 0 0 0 NICOLE SHERARD-FREEMAND BOARD MEMBER 1.00 0.00 X 0 0 0 PATRICIA GLAZA BOARD MEMBER 1.00 0.00 X 0 0 0 PORTIA POWELL BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERT FORSYTHE BOARD MEMBER - PARTIAL YEAR 1.00 0.00 X 0 0 0 SHANNON D SMITH BOARD MEMBER 1.00 0.00 X 0 0 0 SHIRLEY STANCATO BOARD MEMBER - PARTIAL YEAR 1.00 0.00 X 0 0 0 SONAL RAMRAKHIANI BOARD MEMBER 1.00 0.00 X 0 0 0 TARYN SIMON BOARD MEMBER - PARTIAL YEAR 1.00 0.00 X 0 0 0 TERRI LYNN LAND BOARD MEMBER 1.00 0.00 X 0 0 0 TONYA MATTHEWS BOARD MEMBER - PARTIAL YEAR 1.00 0.00 X 0 0 0 TOSHA TABRON BOARD MEMBER 1.00 0.00 X 0 0 0 948435 0 224427 8 0 1 0 EARLYWORKS LLC 175 ASHLAND STREET DETROIT MI 48215 CO. ACT PROGRAM FACILITATION 139790 1 107397 1408987 7437761 8954145 WORKSHOP INCOME 900099 44946 44946 DEVELOPMENT FEE 900099 22195 22195 ADMINISTRATIVE INCOME 900099 158 158 67299 146 146 14487 107397 57226 -42739 -42739 8978851 67299 0 -42593 X 489787 489787 218165 58916 146182 13067 2146217 1502352 536554 107311 298636 209045 74659 14932 177443 124210 44361 8872 14575 10931 3644 39303 29477 9826 1248271 936203 312068 187998 122199 65799 139411 84711 54700 125055 93791 31264 125817 125817 364 182 182 355358 177679 177679 29798 29798 75169 75169 CAREER EXPERIENCE PROGR 62853 31426 31427 SUBSCRIPTIONS & PUBS. 19242 12508 4809 1925 5753462 4039032 1502524 211906 1261086 379360 1423506 1423652 1307030 3388958 9404101 11867014 14339 26115 936323 631777 379715 304546 6831415 6831415 20621192 24221060 307792 926197 57478 104881 68734 41161 1794237 980000 9587 19544 2237828 2071783 X 14632203 16553395 3751161 5595882 18383364 22149277 20621192 24221060 X 3225389 540524 X X 0 1 X 1 0 X 7469396 6014260 2335786 5325268 8954145 30098855 9423 30158 69273 48091 67299 224244 7478819 6044418 2405059 5373359 9021444 30323099 4760000 3175000 250000 642800 3204490 12032290 9784 9784 4760000 3175000 250000 642800 3214274 12042074 18281025 15418 37698 6390 146 59652 15418 37698 6390 146 59652 7478819 6059836 2442757 5379749 9021590 30382751 0.60170 0.61940 0.00200 0.00250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 889739 591852 297887 46584 39925 6659 304546 INVESTMENT IN SUBSIDIARY 6831415 C 6831415 ACCRUED INSURANCE 19544 19544 PART IV, LINE 2B: THE ORGANIZATION IS THE FISCAL SPONSOR OF TWO SMALLER ORGANIZATIONS AND HOLDS THEIR FUNDS ON THEIR BEHALF. TOAST OF THE TOWN 121884 107397 14487 565 45075 11586 121884 107397 14487 565 45075 11586 57226 -42739 1 AMERICAN INDIAN HEALTH & FAMILY SERVICES OF SOUTHEAST MICHIGAN (AIHFS) PO BOX 810 DEARBORN MI 48121 383081615 501(C)(3) 20000 0 ACTIVATE FUND NONPROFIT FUNDAMENTALS GRANTEE CARR CENTER 61 HASKELL DRIVE BRATENAHL OH 44108 383027410 10000 0 ACTIVATE FUND NONPROFIT FUNDAMENTALS GRANTEE CHALDEAN COMMUNITY FOUNDATION 3601 15 MILE RD STERLING HEIGHTS MI 48310 203963417 501(C)(3) 12509 0 ACTIVATE FUND NONPROFIT FUNDAMENTALS GRANTEE CONCRETE OASIS 76 WEST ADAMS SUITE 904 DETROIT MI 482261666 824036512 501(C)(3) 10000 0 CDAD MINI GRANT CULTURESOURCE 6200 SECOND AVE SUITE 003 DETROIT MI 48202 261476029 501(C)(3) 5030 0 CDAD MINI GRANT DETROIT FUTURE CITY 2990 W GRAND BLVD SUITE 2 DETROIT MI 48202 475050055 501(C)(3) 9200 0 CDAD MINI GRANT DETROIT HIVES INC 9336 E WARREN AVE DETROIT MI 48214 812198745 501(C)(3) 10000 0 ACTIVATE FUND COLLABORATION PILOT GRANT DETROIT POLICE ATHLETIC LEAGUE (PAL) 1860 MICHIGAN AVE DETROIT MI 48216 383314318 501(C)(3) 24000 0 CDAD MINI GRANT FOODCORPS 1140 SE 7TH AVENUE STE 110 PORTLAND OR 97214 273390987 501(C)(3) 20000 0 CDAD MINI GRANT GIVE MERIT 10100 GRAND RIVER DETROIT MI 48204 452907584 501(C)(3) 6000 0 ACTIVATE FUND COLLABORATION PILOT GRANT LIFE REMODELED 2470 COLLINGWOOD DETROIT MI 48206 275020487 501(C)(3) 20000 0 CDAD MINI GRANT NATIONAL VETERAN BUSINESS DEVELOPMENT COUNCIL 325 E CRESCENT LANE DETROIT MI 48207 462033413 42000 0 CDAD MINI GRANT OPERATION REFUGE 27741 CARLYSLE INKSTER MI 48141 261752073 501(C)(3) 15000 0 CDAD MINI GRANT RUTH ELLIS CENTER 95 VICTOR STREET HIGHLAND PARK MI 48203 383501697 501(C)(3) 7500 0 CDAD MINI GRANT SOUTHWEST ECONOMIC SOLUTIONS 5716 MICHIGAN AVENUE DETROIT MI 48210 462252476 501(C)(3) 20000 0 CDAD MINI GRANT URBAN NEIGHBORHOOD INITIATIVES INC (UNI) 8300 LONGWORTH DETROIT MI 48209 383417161 501(C)(3) 20000 0 CDAD MINI GRANT 14 2 PART I, LINE 2: THE CO.ACT ACTIVATE FUND AWARDS ARE PROJECT BASED AND THERE ARE MANY TOUCH POINTS TO ENSURE THAT THE FUNDS ARE USED ON THE APPROVED PROJECT. X X X 0 0 0 0 0 0 0 0 0 EDWARD STAEBLER PRESIDENT & CEO 101433 0 0 0 0 0 0 0 29240 0 130673 0 0 0 KELLY KOZLOWSKI CHIEF OPERATING OFFICER 146684 0 15000 0 0 0 0 0 46745 0 208429 0 0 0 ALLANDRA BULGER EXECUTIVE DIRECTOR, CO.ACT DETROIT 144200 0 4000 0 480 0 0 0 28840 0 177520 0 0 0 DAWN BATTS STRATEGIST, TECHNOLOGY-BASED PROGRAM 122880 0 3250 0 480 0 0 0 24576 0 151186 0 0 0 SCHEDULE J, PART II EDWARD STAEBLER WAS COMPENSATED BY WAYNE STATE UNIVERSITY FOR THEIR ROLE AS OFFICERS OF WAYNE STATE UNIVERSITY RESEARCH & TECHNOLOGY PARK IN THE CITY OF DETROIT. SEE SCHEDULE J PART II FOR HIS COMPENSATION DETAILS. FORM 990, PART VI, SECTION A, LINE 7A WAYNE STATE UNIVERSITY (WSU) APPOINTS THE CHAIRMAN OF THE BOARD AND THE WSU BOARD OF GOVERNORS APPOINTS TWO MEMBERS OF THE BOARD OF DIRECTORS. NO OTHER PARTIES HAVE THE RIGHT TO APPOINT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WILL BE REVIEWED BY THE PRESIDENT/CEO, DIRECTOR OF FINANCE, AND HUMAN RESOURCES PRIOR TO FILING. NO FORMAL BOARD REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST DISCLOSURES MADE BY OFFICERS, DIRECTORS, OR KEY EMPLOYEES WOULD BE REVIEWED BY SENIOR LEADERSHIP OF THE ORGANIZATION FOR APPROPRIATE ACTION. NO SUCH CONFLICTS HAVE BEEN DISCLOSED DURING THE PERIOD OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 15A FOR THE CEO COMPENSATION, THE WSU PRESIDENT (CHAIRMAN OF THE BOARD) AND HIS STAFF REVIEWED COMPARABILITY DATA FOR SIMILAR POSITIONS AND PRESENTED WRITTEN DOCUMENTATION OF ITS RECOMMENDATIONS TO THE ORGANIZATION'S GOVERNANCE COMMITTEE FOR FINAL DECISION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART IX, LINE 11G CONTRACT EMPLOYEES: PROGRAM SERVICE EXPENSES 936,203. MANAGEMENT AND GENERAL EXPENSES 312,068. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,248,271. FORM 990, PART XI, LINE 9: TRANSFERS TO/FROM RELATED PARTIES 540,524. FORM 990, PART XII, LINE 2C: THE AUDIT PROCESS HAS NOT CHANGED FROM PREVIOUS YEARS. TECHONE HOLDING CORPORATION 440 BURROUGHS DETROIT MI 48202 201062426 MASTER SUB-TENANT MI WAYNE STATE UNIVERSITY RESEARCH AND TECHNOLOGY PARK IN THE CITY OF DETROIT C 22623049 1.00000 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 TECHONE HOLDING CORPORATION K 122202 CASH TRANSACTION TECHONE HOLDING CORPORATION Q 70329 CASH TRANSACTION TECHONE HOLDING CORPORATION S 676237 CASH TRANSACTION TECHONE HOLDING CORPORATION O 740411 CASH TRANSACTION