WAYNE STATE UNIV RESEARCH & TECHNO- LOGY PARK IN THE CITY OF DETROIT: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- WAYNE STATE UNIV RESEARCH & TECHNO- LOGY PARK IN THE CITY OF DETROIT (EIN 41-2061387)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-10-29
- IRS object ID
- 201303029349300105
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-10-29T08:44:50-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 381357951 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLANTE & MORAN PLLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 307 | AddressLine1 |
| City | SOUTHFIELD | City |
| State | MI | State |
| ZIP Code | 480370307 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 412061387 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WAYNE STATE UNIVERSITY RESEARCH AND | BusinessNameLine1 |
| Business Name Line2 | TECHNOLOGY PARK IN THE CITY OF DETROIT | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WAYN | NameControl |
| Phone | 3138871639 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 440 BURROUGHS | AddressLine1 |
| City | DETROIT | City |
| State | MI | State |
| ZIP Code | 48202 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LESLIE SMITH | Name |
| Title | PRESIDENT & CEO | Title |
| Phone | 3138871639 | Phone |
| Date Signed | 2013-10-21 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SUSAN MIENCIER | Name |
| PTIN | P00842339 | PTIN |
| Phone | 2483522500 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TECHTOWN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | LESLIE SMITH | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 440 BURROUGHS | AddressLine1 |
| City | DETROIT | City |
| State | MI | State |
| ZIP Code | 48202 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 3854443 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.TECHTOWNDETROIT.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2000 | YearFormation |
| State Legal Domicile | MI | StateLegalDomicile |
| Activity Or Mission Description | TECHTOWN IS DETROIT'S BUSINESS GROWTH CENTER, HELPING TO CREATE AND ADVANCE COMPANIES THROUGH ITS INCUBATION AND ACCELERATION SERVICES. THE ORGANIZATION BELIEVES IN A HOLISTIC APPROACH TO ECONOMIC DEVELOPMENT, SUPPORTING NOT ONLY TECHNOLOGY-BASED BUSINESSES, BUT ALSO RETAIL AND NEIGHBORHOOD ENTERPRISES. ITS ENTREPRENEURS ALSO GAIN UNIQUE ACCESS TO RESEARCH, ACADEMIC AND TECHNOLOGY ASSETS THROUGH TECHTOWNS PARTNERSHIP WITH WAYNE STATE UNIVERSITY. TECHTOWN IS A 501(C)(3) NONPROFIT AND IS LOCATED WITHIN THE WOODWARD TECHNOLOGY CORRIDOR SMARTZONE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 28 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 28 | NbrIndependentVotingMembers |
| Total Nbr Employees | 30 | TotalNbrEmployees |
| Total Nbr Volunteers | 30 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 9244195 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3818401 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 101725 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 35177 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 59 | InvestmentIncomePriorYear |
| Investment Income Current Year | -162665 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 2087 | OtherRevenuePriorYear |
| Other Revenue Current Year | 864 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 9348066 | TotalRevenuePriorYear |
| Total Revenue Current Year | 3691777 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 108848 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1722618 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1570912 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 95556 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1572361 | OtherExpensePriorYear |
| Other Expenses Current Year | 1223452 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 3294979 | TotalExpensesPriorYear |
| Total Expenses Current Year | 2903212 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 6053087 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 788565 | RevenuesLessExpensesCY |
| Total Assets BOY | 11765007 | TotalAssetsBOY |
| Total Assets EOY | 11938447 | TotalAssetsEOY |
| Total Liabilities BOY | 2372666 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2216112 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 9392341 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 9722335 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TECHTOWN IS DETROIT'S BUSINESS GROWTH CENTER, HELPING TO CREATE AND ADVANCE COMPANIES THROUGH ITS INCUBATION AND ACCELERATION SERVICES. THE ORGANIZATION BELIEVES IN A HOLISTIC APPROACH TO ECONOMIC DEVELOPMENT, SUPPORTING NOT ONLY TECHNOLOGY-BASED BUSINESSES, BUT ALSO RETAIL AND NEIGHBORHOOD ENTERPRISES. ITS ENTREPRENEURS ALSO GAIN UNIQUE ACCESS TO RESEARCH, ACADEMIC AND TECHNOLOGY ASSETS THROUGH TECHTOWNS PARTNERSHIP WITH WAYNE STATE UNIVERSITY. TECHTOWN IS A 501(C)(3) NONPROFIT AND IS LOCATED WITHIN THE WOODWARD TECHNOLOGY CORRIDOR SMARTZONE. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 1769827 | Expense |
| Grants | 108848 | Grants |
| Revenue | 35177 | Revenue |
| Description | BUSINESS UNITS AND PROGRAMSLABS 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 GOALS: - STARTUPS TEST VALUE PROPOSITION, CUSTOMER ACCEPTANCE; MEET WITH 100 CUSTOMERS DURING PROGRAM - TECHTOWN UNCOVERS HIGH-PERFORMING TEAMS - STARTUPS INCUBATE AT TECHTOWN UPON PROGRAM COMPLETION HOW IT WORKS: - CURRICULUM BASED ON STARTUP OWNERS MANUAL, STEP-BY-STEP BUSINESS DEVELOPMENT GUIDE WRITTEN BY STEVE BLANK AND BOB DORF - WORKSHOPS, MENTOR MEETINGS, PRESENTATIONS BY CEOS, NETWORKING - CULMINATES WITH SHOWCASE EVENTDETROIT TECHNOLOGY EXCHANGE (DTX): PARTNERSHIP BETWEEN TECHTOWN, BIZDOM, INVEST DETROIT AND THE DETROIT CREATIVE CORRIDOR CENTER; SUPPORTED BY THE MICHIGAN ECONOMIC DEVELOPMENT CORP.'S MICHIGAN STRATEGIC FUND GOALS: - SUPPORT EARLY STAGE, COMPETITIVE-EDGE TECHNOLOGY-BASED OR -ENABLED COMPANIES - EXPLOIT DISRUPTIVE TECHNOLOGIES - CREATE ROBUST DEAL FLOW IN DETROIT - CREATE, ATTRACT AND RETAIN TALENT PROGRAMS: - DTX LAUNCH DETROIT: HIGHLY COMPETITIVE, 10-WEEK SUMMER BOOT CAMP FOR COLLEGE STUDENTS AND RECENT GRADUATES ASPIRING TO LAUNCH A TECH STARTUP - DTX D-VENTURE: EXECUTIVE-IN-RESIDENCE PROGRAM SEATS SELECTED ENTREPRENEURIAL-MINDED PROFESSIONALS TO MINE DETROIT'S UNDERUTILIZED AND/OR UNDERDEVELOPED INTELLECTUAL PROPERTY (IP) AND CREATE COMPANIES BASED ON THAT IP - DTX FELLOWS: FELLOWSHIP PROGRAM TO PLACE HIGH-QUALITY TALENT IN DETROIT STARTUPS AND ENTREPRENEURIAL SUPPORT ORGANIZATIONSBLOCKSRETAIL BOOT CAMP: COMPETITIVE, HIGHLY CUSTOMIZED PROGRAM PREPARES SERIOUS ENTREPRENEURS WITH STRONG RETAIL CONCEPTS FOR THE SUCCESSFUL LAUNCH OF THEIR DETROIT BUSINESS GOALS: - ENTREPRENEURS LAUNCH BUSINESSES WITHIN ONE YEAR OF COMPLETION - PROVIDE LOCAL ACCESS TO NECESSARY GOODS AND SERVICES - NEIGHBORHOOD COMMUNITY DEVELOPMENT HOW IT WORKS: - CURRICULUM COVERS DETROIT RETAIL-FOCUSED STRATEGIES AND BEST PRACTICES - PROVIDES ACCESS TO RETAIL EXPERTS AND MENTORS - MAKES COMMUNITY AND LENDER CONNECTIONS - CULMINATES WITH SHOWCASE EVENTSWOT CITY: DELIVERS TECHTOWN ACCELERATION SERVICES TO DETROIT NEIGHBORHOODS THROUGH PARTNERSHIPS WITH COMMUNITY AND ECONOMIC DEVELOPMENT ORGANIZATIONS GOALS: - STABILIZE STRUGGLING BUT ESSENTIAL SMALL BUSINESSES; LAUNCH NEW SMALL BUSINESSES - HELP CREATE AND RETAIN JOBS - PROVIDE LOCAL ACCESS TO NECESSARY GOODS AND SERVICES - NEIGHBORHOOD COMMUNITY DEVELOPMENT HOW IT WORKS: - PARTNER WITH COMMUNITY OR ECONOMIC DEVELOPMENT ORGANIZATIONS - CONNECT NEIGHBORHOOD BUSINESSES WITH KEY RESOURCES - PROVIDE ONE-ON-ONE COACHING AND DETAILED SWOT ASSESSMENTS TO SELECT BUSINESES; OFFER TUNE-UP SESSIONS AND WORKSHOPS TO POTENTIAL ENTREPRENEURS AND OTHER SMALL BUSINESSES - PLACE NEW BUSINESSES TO FILL VOIDS, PROMOTE ENTREPRENEURSHIPREAL ESTATE MORE THAN 50 BUSINESSES CALL TECHTOWN'S HISTORIC FACILITY HOME. SOME ARE CLIENTS OR ALUMNI, OTHERS ARE BUSINESSES UNAFFILIATED WITH TECHTOWN PROGRAMS BUT STILL DRAWN TO THE FACILITY'S UNIQUE AMENITIES, FLEXIBLE LEASE TERMS AND SUPPORTIVE COMMUNITY OF LIKE-MINDED PEERS. THE 140,000-SQUARE-FOOT STRUCTURE WAS DESIGNED BY FAMED DETROIT ARCHITECT ALBERT KAHN IN 1927. IT WAS FIRST A SERVICE DEPARTMENT FOR PONTIAC THEN LATER BECAME THE CHEVROLET CREATIVE SERVICES BUILDING. THE CORVETTE WAS DESIGNED ON THE THIRD FLOOR AND AUTO SHOW DISPLAYS WERE BUILT HERE AS WELL. TODAY TECHTOWN OFFERS A RANGE OF SPACES FOR LEASE, INCLUDING SMALL OFFICES, OFFICE SUITES AND WET LABS. AS A BIOBANKING CENTER OF EXCELLENCE, IT'S PROUD TO HOUSE OPERATIONS SUCH AS NATIONAL INSTITUTES OF HEALTH-FUNDED PERINATOLOGY RESEARCH BRANCH. IN LATE 2013, TECHTOWN OFFER MEMBERSHIP-BASED CO-WORKING SPACE, AS WELL AS RENTABLE EVENT SPACE ON ITS COMPLETELY REDESIGNED FIRST FLOOR. | Description |
| Total Program Service Expense | 1769827 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 51 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 30 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 28 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 28 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 0 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MI | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LESLIE SMITH | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3138795249 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 440 BURROUGHS | AddressLine1 |
| City | DETROIT | City |
| State | MI | State |
| ZIP Code | 48202 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (32 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| ALLAN GILMOUR | |||||||
| CHAIR | 1.00 | X | X | 0 | 0 | 0 | |
| JAMES CONNELLY | |||||||
| VICE CHAIR & TREASURER | 1.00 | X | X | 0 | 0 | 0 | |
| DAVID BLASZKIEWICZ | |||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 | |
| LIZABETH ARDISANA | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| JOHN BLANCHARD | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MATTHEW CULLEN | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| HON DEBBIE DINGELL | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DR FARSHAD FOTOUHI | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| BRIAN HOLDWICK | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| RICK NORK | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| HON CHARLES PUGH | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DR HILARY RATNER | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| A PAUL SCHAAP PHD | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MARC SCHWARTZ | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| NED STAEBLER | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MARGARET WILLIAMS | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| STEVE AMBROSE | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DR THOMAS ANDERSON | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MARTIN DOBER | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DAVE EGNER | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DENISE LEWIS | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| SUSAN MOSEY | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| CHRISTOPHER RIZIK | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| TED SERBINSKI | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| ANNETTE MILLER | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| FAYE NELSON | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| ROSS SANDERS | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| ROBERT CHARLES | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| LESLIE SMITH | |||||||
| PRESIDENT & CEO | 40.00 | X | 163181 | 0 | 13022 | ||
| KENNETH MESKIN | |||||||
| CONTROLLER | 40.00 | X | 100825 | 0 | 11166 | ||
| MIKE O'ROURKE | |||||||
| MANAGING DIRECTOR OF OPERATIONS | 40.00 | 116735 | 0 | 5208 | X | ||
| MEREDITH KEREKES | |||||||
| CHIEF OF STAFF | 40.00 | 123195 | 0 | 5550 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 503936 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 34946 | TotalOtherCompensation |
| Number Individuals GT100 K | 4 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Government Grants | 1278961 | GovernmentGrants |
| All Other Contributions | 2539440 | AllOtherContributions |
| Total Contributions | 3818401 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ENTREPRENEUR LOAN INT. | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 35177 | TotalRevenueColumn |
| Related Or Exempt Function Income | 35177 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 35177 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1 | TotalRevenueColumn |
| Exclusion | $1 | ExclusionAmount |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 162666 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -162666 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -162666 | TotalRevenueColumn |
| Exclusion | -$162,666 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ADMINISTRATIVE INCOME | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 864 | TotalRevenueColumn |
| Exclusion | $864 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 864 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3691777 | TotalRevenueColumn |
| Related Or Exempt Function Income | 35177 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | -$161,801 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 108773 | Total |
| Program Services | 108773 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 75 | Total |
| Program Services | 75 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 410137 | Total |
| Management And General | 392517 | ManagementAndGeneral |
| Fundraising | 17620 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 901467 | Total |
| Program Services | 631027 | ProgramServices |
| Management And General | 225367 | ManagementAndGeneral |
| Fundraising | 45073 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 158992 | Total |
| Program Services | 111294 | ProgramServices |
| Management And General | 39748 | ManagementAndGeneral |
| Fundraising | 7950 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 100316 | Total |
| Program Services | 70221 | ProgramServices |
| Management And General | 25079 | ManagementAndGeneral |
| Fundraising | 5016 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37876 | Total |
| Program Services | 28407 | ProgramServices |
| Management And General | 9469 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 42071 | Total |
| Program Services | 31553 | ProgramServices |
| Management And General | 10518 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 468301 | Total |
| Program Services | 351226 | ProgramServices |
| Management And General | 117075 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47341 | Total |
| Program Services | 28405 | ProgramServices |
| Fundraising | 18936 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 69817 | Total |
| Program Services | 39845 | ProgramServices |
| Management And General | 29972 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 79009 | Total |
| Program Services | 59257 | ProgramServices |
| Management And General | 19752 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 124778 | Total |
| Program Services | 124378 | ProgramServices |
| Management And General | 400 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 102746 | Total |
| Program Services | 51373 | ProgramServices |
| Management And General | 51373 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37856 | Total |
| Program Services | 37856 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 64366 | Total |
| Management And General | 64366 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5955 | Total |
| Program Services | 3573 | ProgramServices |
| Management And General | 2382 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| BUSINESS ACCELERATOR EX | 56220 | 28110 | 28110 | |
| BAD DEBT EXPENSE | 54918 | 54918 | ||
| SUBSCRIPTIONS & PUBS. | 9611 | 4806 | 3844 | 961 |
| LICENSES & PERMITS | 9460 | 4730 | 4730 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13127 | Total |
| Management And General | 13127 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2903212 | Total |
| Program Services | 1769827 | ProgramServices |
| Management And General | 1037829 | ManagementAndGeneral |
| Fundraising | 95556 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 854064 | BOY |
| EOY | 906707 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 19492 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11135358 | BOY |
| EOY | 11939708 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 221053 | BOY |
| EOY | 163654 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 18086 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 395197 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 218419 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 363887 | BOY |
| EOY | 176778 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -828082 | BOY |
| EOY | -1286653 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18727 | BOY |
| EOY | 675 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11765007 | BOY |
| EOY | 11938447 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1250922 | BOY |
| EOY | 362496 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 185729 | BOY |
| EOY | 45497 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 18046 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 936015 | BOY |
| EOY | 1790073 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2372666 | BOY |
| EOY | 2216112 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8669797 | BOY |
| EOY | 8680170 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 722544 | BOY |
| EOY | 1042165 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9392341 | BOY |
| EOY | 9722335 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11765007 | BOY |
| EOY | 11938447 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 788565 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | -458571 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1139213 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3381512 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4048375 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 9244195 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3818401 | CurrentTaxYear |
| Total | 21631696 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 343463 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 281980 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus1 Year | 21336 | CurrentTaxYearMinus1Year |
| Current Tax Year | 35177 | CurrentTaxYear |
| Total | 681956 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1482676 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3663492 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4048375 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 9265531 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3853578 | CurrentTaxYear |
| Total | 22313652 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 625882 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus2 Years | 1125882 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 900000 | CurrentTaxYearMinus1Year |
| Current Tax Year | 12000 | CurrentTaxYear |
| Total | 2663764 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 72472 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 32110 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 415265 | CurrentTaxYearMinus1Year |
| Total | 519847 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 625882 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 72472 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1157992 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1315265 | CurrentTaxYearMinus1Year |
| Current Tax Year | 12000 | CurrentTaxYear |
| Total | 3183611 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 19130041 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 12446 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 5909 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2920 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 59 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1 | CurrentTaxYear |
| Total | 21335 | Total |
Post1975 UBTI Post1975UBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 100266 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 149600 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 80389 | CurrentTaxYearMinus1Year |
| Total | 330255 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 12446 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 106175 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 152520 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 80448 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1 | CurrentTaxYear |
| Total | 351590 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1067 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3716 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 19884 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2087 | CurrentTaxYearMinus1Year |
| Current Tax Year | 864 | CurrentTaxYear |
| Total | 27618 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1496189 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3773383 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4220779 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 9348066 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3854443 | CurrentTaxYear |
| Total | 22692860 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.84300 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.75550 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.01550 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.01700 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 1 | IncludedOnFS |
| Explanation In Part XIII | X | ExplanationInPartXIII |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 355272 | OtherCostOrOtherBasis |
| Depreciation | 218419 | Depreciation |
| Book Value | 136853 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 39925 | OtherCostOrOtherBasis |
| Book Value | 39925 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 176778 | TotalOfBookValueLandBuildings |
| Footnote In Part XIII | X | FootnoteInPartXIII |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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, 2012 AND 2011, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARLTON FOUNDATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 16835 KERCHEVAL AVENUE | AddressLine1 |
| City | GROSSE POINTE | City |
| State | MI | State |
| ZIP Code | 48230 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 455442807 | EINOfRecipient |
| IRC Section | 501(C)(3) | IRCSection |
| Amount Of Cash Grant | 100000 | AmountOfCashGrant |
| Purpose Of Grant | SUPPORT BABY BOOMERS PROGRAM | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: GRANT FUNDS ARE SENT TO A SEGREGATED BROKERAGE ACCOUNT FOR MONITORING. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | LESLIE SMITH | NamePerson |
| Title | PRESIDENT & CEO | Title |
| Base Compensation Filing Org | 163181 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 13022 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 176203 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 7A | WAYNE STATE UNIVERSITY MAY APPOINT UP TO EIGHT MEMBERS. FURTHER, THE WAYNE STATE BOARD OF GOVERNORS MAY APPOINT UP TO TWO MEMBERS. GENERAL MOTORS, HENRY FORD HEALTH SYSTEM, AND THE CITY OF DETROIT MAY ALSO ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. | |
| FORM 990, PART VI, SECTION B, LINE 11 | FORM 990 WILL BE REVIEWED BY THE PRESIDENT/CEO PRIOR TO FILING. NO FORMAL BOARD REVIEW WAS OR WILL BE CONDUCTED. | |
| 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 | IT CONSULTING: PROGRAM SERVICE EXPENSES 19,995. MANAGEMENT AND GENERAL EXPENSES 6,665. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,660. MICRO ENTERPRISES PROGRAM FACILITATORS: PROGRAM SERVICE EXPENSES 41,940. MANAGEMENT AND GENERAL EXPENSES 13,980. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 55,920. SHIFTING GEARS PROGRAM MENTORS: PROGRAM SERVICE EXPENSES 168,750. MANAGEMENT AND GENERAL EXPENSES 56,250. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 225,000. CONTRACT EMPLOYEES: PROGRAM SERVICE EXPENSES 28,125. MANAGEMENT AND GENERAL EXPENSES 9,375. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 37,500. CONSULTING: PROGRAM SERVICE EXPENSES 92,416. MANAGEMENT AND GENERAL EXPENSES 30,805. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 123,221. | OTHER FEES |
| FORM 990, PART XII, LINE 2C: | THE AUDIT PROCESS HAS NOT CHANGED FROM PREVIOUS YEARS. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part III Form990ScheduleRPartIII
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TECHONE DEVELOPMENT LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 440 BURROUGHS | AddressLine1 |
| City | DETROIT | City |
| State | MI | State |
| ZIP Code | 48202 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 201062523 | EIN |
| Primary Activity | LANDLORD | PrimaryActivity |
| Legal Domicile State | MI | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TECHONE HOLDING CORPORATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 440 BURROUGHS | AddressLine1 |
| City | DETROIT | City |
| State | MI | State |
| ZIP Code | 48202 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 201062426 | EIN |
| Primary Activity | MASTER SUB-TENANT | PrimaryActivity |
| Legal Domicile State | MI | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WAYNE STATE UNIVERSITY RESEARCH AND TECHNOLOGY PARK IN THE CITY OF DETROIT | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C | TypeOfEntity |
| Share Of Total Income | -797380 | ShareOfTotalIncome |
| Share Of EOY Assets | 13957458 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 1 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 1 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 1 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| TECHONE HOLDING CORPORATION | ||
| K | 122202 | CASH TRANSACTION |
| TECHONE HOLDING CORPORATION | ||
| Q | 619875 | CASH TRANSACTION |
| TECHONE DEVELOPMENT LLC | ||
| Q | 939897 | CASH TRANSACTION |