2017-11-07T12:38:57-06:00 2016-12-31 381357951 PLANTE & MORAN PLLC 27400 Northwestern Highway Southfield MI 48034 990 2016-01-01 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 2017-07-27 1 TINA PETERS P00904574 2483522500 2017-07-27 67.59.56.31 2017-07-27 09:15:31 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 737380BCD7AD51223FD12A91753DF01CE9F34789 2016 2021-01-29 14:40:06Z TECHTOWN TECHTOWN DETROIT EDWARD B STAEBLER 440 BURROUGHS DETROIT MI 48202 2091938 0 X WWW.TECHTOWNDETROIT.ORG X 2000 MI TECHTOWN IS DETROIT'S BUSINESS INNOVATION HUB. AS THE CITY'S MOST ESTABLISHED BUSINESS ACCELERATOR AND INCUBATOR, WE PROVIDE A POWERFUL CONNECTION TO A BROAD NETWORK OF RESOURCES, CATALYZING ENTIRE COMMUNITIES OF ENTREPRENEURS BEST POISED TO ENERGIZE THE LOCAL ECONOMY. TECHTOWN IS A 501(C)(3) NONPROFIT AND IS LOCATED WITHIN THE WOODWARD TECHNOLOGY CORRIDOR SMARTZONE. 31 30 24 100 0 0 1844181 2059659 19772 31154 0 1125 0 0 1863953 2091938 42952 9152 0 0 1030061 1143030 0 0 114169 1263285 1170456 2336298 2322638 -472345 -230700 13177192 11930830 3076725 2000883 10100467 9929947 X TO ACCELERATE ECONOMIC GROWTH IN DETROIT BY GROWING STRONG BUSINESSES AND DRIVING REGIONAL COLLABORATION. 0 0 1657679 9152 32279 BUSINESS UNITS AND PROGRAMSLABS - TECHNOLOGY-BASED PROGRAMMING LABS 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.DETROIT TECHNOLOGY EXCHANGE (DTX): 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.BLOCKS - PLACE-BASED PROGRAMMINGBLOCKS 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 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 BUSINESSESJUNCTION440: 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 1657679 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 100 0 1 24 1 0 0 0 0 0 0 0 0 0 0 X 31 30 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 M ROY WILSON CHAIR 1.00 0.00 X X 0 0 0 STEPHEN LANIER VICE CHAIR/SECRETARY 1.00 0.00 X X 0 0 0 EDWARD STAEBLER PRESIDENT & CEO 16.00 24.00 X X 117607 0 27021 CARLA WALKER-MILLER BOARD MEMBER 1.00 0.00 X 0 0 0 CHRISTOPHER GRAUNSTADT BOARD MEMBER 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 BRIAN HOLDWICK BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID EGNER BOARD MEMBER 1.00 0.00 X 0 0 0 DIANE DUNASKISS BOARD MEMBER 1.00 0.00 X 0 0 0 DR FARSHAD FOTOUHI BOARD MEMBER 1.00 0.00 X 0 0 0 DR THOMAS E ANDERSON BOARD MEMBER 1.00 0.00 X 0 0 0 FREDRICK MOLNAR BOARD MEMBER 1.00 0.00 X 0 0 0 GABE LELAND BOARD MEMBER 1.00 0.00 X 0 0 0 JACALYN GOFORTH BOARD MEMBER 1.00 0.00 X 0 0 0 JEAN REDFIELD BOARD MEMBER 1.00 0.00 X 0 0 0 JED HOWBURT BOARD MEMBER 1.00 0.00 X 0 0 0 KATE BORDINE BOARD MEMBER 1.00 0.00 X 0 0 0 LIZABETH ARDISANA BOARD MEMBER 1.00 0.00 X 0 0 0 MARC SCHWARTZ BOARD MEMBER 1.00 0.00 X 0 0 0 MARK COTICCHIA BOARD MEMBER 1.00 0.00 X 0 0 0 MARTIN DOBER BOARD MEMBER 1.00 0.00 X 0 0 0 PAMELA LEWIS BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERT FORSYTHE BOARD MEMBER 1.00 0.00 X 0 0 0 RODRICK MILLER BOARD MEMBER 1.00 0.00 X 0 0 0 SAUNTEEL JENKINS BOARD MEMBER 1.00 0.00 X 0 0 0 STEVE AMBROSE BOARD MEMBER 1.00 0.00 X 0 0 0 SUSAN MOSEY BOARD MEMBER 1.00 0.00 X 0 0 0 TED SERBINSKI BOARD MEMBER 1.00 0.00 X 0 0 0 TONYA MATTHEWS BOARD MEMBER 1.00 0.00 X 0 0 0 WILLIAM DECATUR BOARD MEMBER 1.00 0.00 X 0 0 0 DIANA GOODE CHIEF OPERATING OFFICER 24.00 16.00 X 15939 0 4941 KIMBERLY COLON CONTROLLER 24.00 16.00 X 41119 0 4683 174665 0 36645 1 0 0 1 0 729463 1330196 2059659 SPONSORSHIP INCOME 900099 23500 23500 MEMBERSHIP INCOME 900099 6986 6986 ADMINISTRATIVE INCOME 900099 548 548 WORKSHOP INCOME 900099 120 120 31154 1125 0 1125 1125 1125 2091938 32279 0 0 X 9152 9152 211308 49897 146948 14463 778648 625581 117162 35905 111182 95318 11175 4689 41892 29324 10473 2095 4311 3233 1078 22676 17007 5669 514989 386242 128747 158125 102781 55344 50278 30159 20119 43291 32468 10823 137285 135048 1790 447 1134 567 567 67752 33876 33876 67972 67972 23617 23617 4597 4597 BUSINESS ACCELERATOR EX 52446 26223 26223 SUBSCRIPTIONS & PUBS. 12263 7971 3066 1226 CAREER EXPERIENCE PROGR 9720 4860 4860 2322638 1657679 550790 114169 485458 330794 97546 401715 13428653 11987131 576 0 10872 20539 403480 388643 38453 14837 -884366 -824186 13177192 11930830 237102 171115 63582 100135 37112 72344 2738929 1650000 0 7289 3076725 2000883 X 9815395 9064917 285072 865030 10100467 9929947 13177192 11930830 -230700 60180 0 X X 0 1 X 1 0 X 3818401 3372720 2314599 1844181 2059659 13409560 35177 30700 18484 19772 31154 135287 3853578 3403420 2333083 1863953 2090813 13544847 12000 25882 37408 75290 0 12000 25882 37408 75290 13469557 1 1 1 1 864 1728 2592 3854443 3405148 2333083 1863953 2090813 13547440 0.99430 0.95080 0.00000 0.00390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 363555 348718 14837 39925 39925 0 14837 ACCRUED INSURANCE 75 DETROIT PAYABLE 574 401K PAYABLE 1648 FEDERAL INCOME TAX PAYABLE 3775 MICHIGAN INCOME TAX PAYABLE 1217 7289 Part IV, Line 2b: THE ORGANIZATION IS THE FISCAL SPONSOR OF TWO SMALLER ORGANIZATIONS AND HOLDS THEIR FUNDS ON THEIR BEHALF. X X X 0 0 0 0 0 0 0 0 0 EDWARD STAEBLER PRESIDENT & CEO 117607 0 0 0 0 0 0 0 0 27021 117607 27021 0 0 DIANA GOODE CHIEF OPERATING OFFICER 15939 0 0 0 0 0 0 0 0 4941 15939 4941 0 0 FORM 990, PART VII, SECTION A, LINE 5: DIANA GOODE AND EDWARD STAEBLER WERE COMPENSATED BY WAYNE STATE UNIVERSITY FOR THEIR ROLE AS OFFICERS OF WAYNE STATE UNIVERSITY RESEARCH AND TECHNOLOGY PARK IN THE CITY OF DETROIT. SEE SCHEDULE J PART II FOR THEIR COMPENSATION DETAIL. 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 AND CONTROLLER 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 FOR 2016, 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 MICRO ENTERPRISES PROGRAM FACILITATORS: Program service expenses 140. Management and general expenses 46. Fundraising expenses 0. Total expenses 186. CONTRACT EMPLOYEES: Program service expenses 7,353. Management and general expenses 2,452. Fundraising expenses 0. Total expenses 9,805. ENTREPRENEUR-IN-RESIDENCE & FELLOWSHIP PROGRAM MENTORS: Program service expenses 303,749. Management and general expenses 101,249. Fundraising expenses 0. Total expenses 404,998. ENTREPRENEUR PROGRAM MENTORS: Program service expenses 75,000. Management and general expenses 25,000. Fundraising expenses 0. Total expenses 100,000. FORM 990, PART XII, LINE 2C: THE AUDIT PROCESS HAS NOT CHANGED FROM PREVIOUS YEARS. TECHONE DEVELOPMENT LLC 440 BURROUGHS DETROIT MI 48202 201062523 LANDLORD MI N/A 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 100293 22876965 1.00000 1 0 0 0 1 1 0 0 0 0 0 1 0 0 1 1 1 1 0 1 TECHONE HOLDING CORPORATION D 884612 CASH TRANSACTION TECHONE HOLDING CORPORATION K 122202 CASH TRANSACTION TECHONE HOLDING CORPORATION P 357135 CASH TRANSACTION TECHONE HOLDING CORPORATION S 863965 CASH TRANSACTION