2014-11-14T12:59:25-06:00 2013-12-31 381357951 PLANTE & MORAN PLLC PO BOX 307 SOUTHFIELD MI 480370307 990 2013-01-01 412061387 WAYNE STATE UNIVERSITY RESEARCH AND TECHNOLOGY PARK IN THE CITY OF DETROIT WAYN 3138871639 440 BURROUGHS DETROIT MI 48202 LESLIE SMITH PRESIDENT & CEO 3138871639 2014-11-14 1 LYNNE HUISMANN P00053811 2483522500 2013 2015-11-30 17:44:51Z TECHTOWN TECHTOWN DETROIT LESLIE SMITH 440 BURROUGHS DETROIT MI 48202 3405148 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. 29 29 29 30 0 0 3818401 3372720 35177 30700 -162665 0 864 1728 3691777 3405148 108848 22916 0 0 1570912 1439898 0 0 105400 1223452 1049607 2903212 2512421 788565 892727 11938447 13800074 2216112 3574442 9722335 10225632 X TO ACCELERATE ECONOMIC GROWTH IN DETROIT BY GROWING STRONG BUSINESSES AND DRIVING REGIONAL COLLABORATION. 0 0 1629504 22916 30700 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 BUSINESSESDETROIT TECHNOLOGY EXCHANGE (DTX): PROGRAMMATIC PARTNERSHIP DESIGNED TO RECRUIT AND GROOM TALENT FOR TECH ENTREPRENEURSHIP AND CONVERT INNOVATIVE TECHNOLOGIES INTO DETROIT STARTUPS. PARTNERS: TECHTOWN, BIZDOM, 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 1629504 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 1 74 0 1 29 1 0 0 0 0 0 0 0 0 0 0 X 29 29 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 1 0 0 MI X LESLIE SMITH 3138795249 440 BURROUGHS DETROIT MI 48202 M ROY WILSON CHAIR 1.00 0.00 X X 0 0 0 JAMES CONNELLY VICE CHAIR & TREASURER 1.00 0.10 X X 0 0 0 DAVID BLASZKIEWICZ SECRETARY 1.00 0.10 X X 0 0 0 LIZABETH ARDISANA BOARD MEMBER 1.00 0.00 X 0 0 0 HON DEBBIE DINGELL BOARD MEMBER 1.00 0.00 X 0 0 0 DR FARSHAD FOTOUHI BOARD MEMBER 1.00 0.00 X 0 0 0 BRIAN HOLDWICK BOARD MEMBER 1.00 0.00 X 0 0 0 RICK NORK BOARD MEMBER 1.00 0.10 X 0 0 0 DR HILARY RATNER BOARD MEMBER 1.00 0.00 X 0 0 0 A PAUL SCHAAP PHD BOARD MEMBER 1.00 0.00 X 0 0 0 MARC SCHWARTZ BOARD MEMBER 1.00 0.00 X 0 0 0 MARGARET WILLIAMS BOARD MEMBER 1.00 0.00 X 0 0 0 STEVE AMBROSE BOARD MEMBER 1.00 0.00 X 0 0 0 DR THOMAS ANDERSON BOARD MEMBER 1.00 0.00 X 0 0 0 MARTIN DOBER BOARD MEMBER 1.00 0.00 X 0 0 0 DAVE EGNER BOARD MEMBER 1.00 0.00 X 0 0 0 DENISE LEWIS BOARD MEMBER 1.00 0.00 X 0 0 0 SUSAN MOSEY BOARD MEMBER 1.00 0.00 X 0 0 0 CHRISTOPHER RIZIK BOARD MEMBER 1.00 0.00 X 0 0 0 TED SERBINSKI BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERT CHARLES BOARD MEMBER 1.00 0.00 X 0 0 0 KATE BORDINE BOARD MEMBER 1.00 0.00 X 0 0 0 SAUNTEEL JENKINS BOARD MEMBER 1.00 0.00 X 0 0 0 PAUL MASSARON BOARD MEMBER 1.00 0.00 X 0 0 0 JEAN REDFIELD BOARD MEMBER 1.00 0.00 X 0 0 0 ROSS SANDERS BOARD MEMBER 1.00 0.00 X 0 0 0 PAULA SORELL BOARD MEMBER 1.00 0.00 X 0 0 0 NED STAEBLER BOARD MEMBER 1.00 0.10 X 0 0 0 CARLA WALKER-MILLER BOARD MEMBER 1.00 0.00 X 0 0 0 LESLIE SMITH PRESIDENT & CEO 36.00 4.00 X 164512 0 14349 KENNETH MESKIN CONTROLLER 24.00 16.00 X 100869 0 12321 MIKE O'ROURKE MANAGING DIRECTOR OF OPERATIONS 24.00 16.00 X 125067 0 6095 CHARLES MORET MANAGER TECH-BASED PROGRAMS 40.00 0.00 X 132010 0 13748 522458 0 46513 4 0 1 0 0 1757702 1615018 3372720 ENTREPRENEUR LOAN INT. 900099 30700 30700 30700 ADMINISTRATIVE INCOME 900099 1728 1728 1728 3405148 30700 0 1728 X 22916 22916 292050 44715 229449 17886 946774 662742 236694 47338 103058 72141 25765 5152 98016 68611 24504 4901 20417 15313 5104 45070 33803 11267 347499 260624 86875 72021 43213 28808 59990 33583 26407 52369 39277 13092 160324 159912 412 85507 42754 42753 51112 51112 58386 58386 6771 4063 2708 BAD DEBT EXPENSE 59307 59307 BUSINESS ACCELERATOR EX 17383 8692 8691 SUBSCRIPTIONS & PUBS. 13151 6576 5260 1315 LICENSES & PERMITS 300 150 150 2512421 1629504 777517 105400 906707 851278 19492 426223 11939708 13930990 163654 131175 18086 6516 403480 276805 176778 126675 -1286653 -1676083 675 3300 11938447 13800074 362496 219156 45497 0 18046 31079 1790073 3324207 2216112 3574442 X 8680170 9391377 1042165 834255 9722335 10225632 11938447 13800074 892727 -389430 0 X X 0 1 X 1 1 1 X 3381512 4048375 9244195 3818401 3372720 23865203 281980 21336 35177 30700 369193 3663492 4048375 9265531 3853578 3403420 24234396 1125882 900000 12000 25882 2063764 0 1125882 900000 12000 25882 2063764 22170632 5909 2920 59 1 8889 100266 149600 80389 330255 106175 152520 80448 1 339144 3716 19884 2087 864 1728 28279 3773383 4220779 9348066 3854443 3405148 24601819 0.90120 0.84300 0.01380 0.01550 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 363555 263498 100057 39925 13307 26618 126675 X PART IV, LINE 2B: THE ORGANIZATION IS THE FISCAL SPONSOR OF TWO SMALLER ORGANIZATIONS AND HOLDS THEIR FUNDS ON THEIR BEHALF. PART X, LINE 2: FIN 48 DISCLOSURE: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2013 AND 2012, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. X X X X 0 0 0 0 0 0 0 0 0 LESLIE SMITH PRESIDENT & CEO 164512 0 0 0 0 0 0 0 14349 0 178861 0 0 0 DTE ENERGY STEVE AMBROSE, BOARD MEMBER, IS THE VP & CHEIF INFO OFFICER OF DTE ENERGY 602231 DTE ENERGY PROVIDES THE ELECTRICITY FOR TECHTOWN 0 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 11 FORM 990 WILL BE REVIEWED BY THE PRESIDENT/CEO AND MANAGING DIRECTOR OF OPERATIONS 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 2014, 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 12,662. MANAGEMENT AND GENERAL EXPENSES 4,221. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,883. SHIFTING GEARS PROGRAM MENTORS: PROGRAM SERVICE EXPENSES 22,500. MANAGEMENT AND GENERAL EXPENSES 7,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,000. CONTRACT EMPLOYEES: PROGRAM SERVICE EXPENSES 55,999. MANAGEMENT AND GENERAL EXPENSES 18,666. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 74,665. ENTREPRENEUR-IN-RESIDENCE & FELLOWSHIP PROGRAM MENTORS: PROGRAM SERVICE EXPENSES 118,172. MANAGEMENT AND GENERAL EXPENSES 39,391. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 157,563. ENTREPRENEUR PROGRAM MENTORS: PROGRAM SERVICE EXPENSES 51,291. MANAGEMENT AND GENERAL EXPENSES 17,097. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 68,388. 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 -1042490 16767021 1.00000 1 1 0 0 1 1 0 0 0 0 0 1 0 0 1 1 1 1 1 1 TECHONE HOLDING CORPORATION A 12000 CASH TRANSACTION TECHONE HOLDING CORPORATION K 122220 CASH TRANSACTION TECHONE HOLDING CORPORATION N 100000 CASH TRANSACTION TECHONE HOLDING CORPORATION O 202200 CASH TRANSACTION TECHONE HOLDING CORPORATION P 286000 CASH TRANSACTION