2023-11-14T14:58:26-06:00 2022-12-31 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT STE 300 AUBURN HILLS MI 48326 990 2022-01-01 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 2023-11-14 1 EDWARD STAEBLER 999009999 0 TINA PETERS P00904574 2483757100 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TECHTOWN TECHTOWN DETROIT EDWARD B STAEBLER 440 BURROUGHS DETROIT MI 48202 15941632 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. 26 25 63 64 0 0 8954145 15819356 67299 180190 146 14865 -42739 -168662 8978851 15845749 489787 1819470 0 0 2840461 4291358 0 0 364771 2423214 2826353 5753462 8937181 3225389 6908568 24221060 31848008 2071783 1972809 22149277 29875199 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 6584966 1819470 180190 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. 6584966 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 1 240 0 1 63 1 0 0 0 0 0 0 0 0 0 0 0 0 X 26 25 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 144920 0 81119 DR M ROY WILSON CHAIR 1.00 0.00 X X 0 0 0 ANIKA GOSS-FOSTER BOARD MEMBER 1.00 0.00 X 0 0 0 CARLA WALKER-MILLER BOARD MEMBER 1.00 0.00 X 0 0 0 NICK GORGA 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 - PARTIAL YEAR 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 SHANNON D SMITH BOARD MEMBER 1.00 0.00 X 0 0 0 SONAL RAMRAKHIANI BOARD MEMBER 1.00 0.00 X 0 0 0 TERRI LYNN LAND BOARD MEMBER 1.00 0.00 X 0 0 0 TOSHA TABRON BOARD MEMBER 1.00 0.00 X 0 0 0 KELLY KOZLOWSKI CHIEF OPERATING OFFICER 20.00 20.00 X 176659 0 46051 ANDREW MELTON DIRECTOR OF FINANCE - PARTIAL YEAR 20.00 20.00 X 17586 0 5170 DIANA GOODE SR. DIRECTOR OF FINANCE 20.00 20.00 X 76986 0 21263 CHRISTIANNE MALONE CHIEF PROGRAM OFFICER 40.00 0.00 X 8908 0 2646 ALLANDRA BULGER EXECUTIVE DIRECTOR, CO.ACT 40.00 0.00 X 141047 0 8158 DAWN BATTS DIRECTOR, GROWTH CAPITAL 40.00 0.00 X 143208 0 27708 MARLO RENCHER SR. DIRECTOR, TECHNOLOGY-BASED 40.00 0.00 X 127534 0 23648 STACEY FRANCOVICH DIRECTOR, TECHNOLOGY-BASED 40.00 0.00 X 121934 0 18125 DANIELLE MANLEY DIRECTOR, DEVELOPMENT 40.00 0.00 X 113820 0 30782 1072602 0 264670 8 0 1 0 0 90495 652364 15076497 15819356 WORKSHOP INCOME 900099 120702 120702 ADMINISTRATIVE INCOME 900099 59488 59488 180190 22100 22100 7235 -7235 -7235 -7235 -80014 90495 88648 -168662 -168662 15845749 180190 0 -153797 X 1819470 1819470 308598 83527 206967 18104 3369001 2358301 842250 168450 407999 285599 102000 20400 205760 144032 51440 10288 21835 16376 5459 77391 58043 19348 950428 712821 237607 413016 268460 144556 68146 34073 34073 128369 96277 32092 122827 122827 567856 283928 283928 23856 23856 84348 84348 11133 11133 MISCELLANEOUS EXPENSES 138734 69367 69367 PROGRAM SUPPORT 129719 129719 PROVISION FOR BAD DEBT 58967 58967 SUBSCRIPTIONS & PUBS. 29728 19323 7432 2973 8937181 6584966 1987444 364771 379360 2150784 1423652 1445752 3388958 9890762 11867014 11246158 26115 40192 883465 640520 304546 242945 6831415 6831415 24221060 31848008 926197 894040 104881 15000 41161 197826 980000 810000 19544 55943 2071783 1972809 X 16553395 16674988 5595882 13200211 22149277 29875199 24221060 31848008 X 6908568 817354 X X 0 1 X 1 0 X 6014260 2335786 5325268 8954145 15819356 38448815 30158 69273 48091 67299 180190 395011 6044418 2405059 5373359 9021444 15999546 38843826 3175000 250000 642800 3204490 13125890 20398180 0 3175000 250000 642800 3204490 13125890 20398180 18445646 15418 37698 6390 146 22100 81752 15418 37698 6390 146 22100 81752 6059836 2442757 5379749 9021590 16021646 38925578 0.47390 0.60170 0.00210 0.00200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 843540 600595 242945 39925 39925 0 242945 INVESTMENT IN SUBSIDIARY 6831415 C 6831415 ACCRUED INSURANCE 109 401K PAYABLE 55834 55943 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 10481 90495 -80014 37654 17402 600 32992 10481 90495 -80014 37654 17402 600 32992 88648 -168662 1 AMERICAN INDIAN HEALTH AND FAMILY SERVICES 4880 LAWNDALE STREET DETROIT MI 48210 383081615 501(C)(3) 35000 0 PASSTHROUGH GRANT AWARD ARTS & SCRAPES 16135 HARPER AVENUE DETROIT MI 48224 382831910 501(C)(3) 20000 0 PASSTHROUGH GRANT AWARD BRILLIANT DETROIT 5675 LARKINS STREET DETROIT MI 48210 473446334 501(C)(3) 35000 0 PASSTHROUGH GRANT AWARD DETROIT COMMUNITY SOLUTIONS 4777 E OUTER DRIVE SUITE 1155 DETROIT MI 48234 383252560 501(C)(3) 31000 0 PASSTHROUGH GRANT AWARD DETROIT POLICE ATHLETIC LEAGUE INC 1680 MICHGIAN AVENUE DETROIT MI 48216 383314318 501(C)(3) 20000 0 PASSTHROUGH GRANT AWARD DETROIT SOUND CONSERVANCY 440 BURROUGHS STREET SUITE 195 DETROIT MI 48202 471039285 501(C)(3) 150000 0 PASSTHROUGH GRANT AWARD DETROIT ZOOLOGICAL SOCIETY 8450 W 10 MILE ROAD ROYAL OAK MI 48067 386027356 501(C)(3) 15000 0 PASSTHROUGH GRANT AWARD DOWNTOWN BOXING GYM YOUTH PROGRAM 6445 E VERNOR HIGHWAY DETROIT MI 48207 275106242 501(C)(3) 20000 0 PASSTHROUGH GRANT AWARD EASTERN MARKET CORPORATION 2934 RUSSELL ST DETROIT MI 48207 320030432 501(C)(3) 35000 0 PASSTHROUGH GRANT AWARD ECOLOGY CENTER 339 EAST LIBERTY STREET SUITE 300 ANN ARBOR MI 48104 381912803 501(C)(3) 12000 0 PASSTHROUGH GRANT AWARD EROS MEETS AGAPE 21650 WEST ELEVEN MILE RD SUITE 102 SOUTHFIELD MI 48076 843169099 12000 0 PASSTHROUGH GRANT AWARD FAMILY ASSISTANCE FOR RENAISSANCE MEN 8701 GRAND RIVER AVE DETROIT MI 48223 371483898 501(C)(3) 20000 0 PASSTHROUGH GRANT AWARD FREEDOM HOUSE 1901 SPRINGWELLS 9208 DETROIT MI 48209 382487626 501(C)(3) 35000 0 PASSTHROUGH GRANT AWARD FRIENDS OF ROUGE PARK 9509 WEST PARKWAY STREET REDFORD CHARTER TOWNSH MI 48239 320011147 501(C)(3) 35000 0 PASSTHROUGH GRANT AWARD GARAGE CULTURAL 3439 LIVERNOIS AVE DETROIT MI 48210 453952984 501(C)(3) 50000 0 PASSTHROUGH GRANT AWARD GRANDMONT ROSEDALE DEVELOPMENT CORP 19800 GRAND RIVER AVENUE DETROIT MI 48223 382885952 501(C)(3) 11000 0 PASSTHROUGH GRANT AWARD GREEN LIVING SCIENCE 1331 HOLDEN STREET DETROIT MI 48202 273404259 501(C)(3) 10000 0 PASSTHROUGH GRANT AWARD HIGHLAND PARK URBAN DEVELOPMENT INITIATIVE 123 PURITAN AVENUE HIGHLAND PARK MI 48203 453992359 501(C)(3) 20000 0 PASSTHROUGH GRANT AWARD HOOPRUN 11773 BEACONSFIELD STREET DETROIT MI 48224 812702946 12000 0 PASSTHROUGH GRANT AWARD JOURNI 440 BURROUGHS STREET DETROIT MI 48202 474047149 501(C)(3) 67000 0 PASSTHROUGH GRANT AWARD KINFOLK APPLICATIONS 300 EAST LAFAYETT STREET 910 DETROIT MI 48207 821192333 9878 0 PASSTHROUGH GRANT AWARD KNOME LLC 4873 GRAYTON STREET DETROIT MI 48224 823827813 10000 0 PASSTHROUGH GRANT AWARD LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT 4138 VERNOR HIGHWAY DETROIT MI 48209 381892670 501(C)(3) 35000 0 PASSTHROUGH GRANT AWARD MATRIX THEATRE COMPANY 2730 BAGLEY STREET DETROIT MI 48216 382989747 501(C)(3) 35000 0 PASSTHROUGH GRANT AWARD MICHIGAN INTERFAITH POWER AND LIGHT 1950 TRUMBULL DETROIT MI 48216 320070213 501(C)(3) 12000 0 PASSTHROUGH GRANT AWARD NEXTILES 123 WINDER STREET DETROIT MI 48201 851051889 6000 0 PASSTHROUGH GRANT AWARD NOTHING TO WEAR LLC 333 COVINGTON DRIVE UNIT 4A HIGHLAND PARK MI 48203 802414818 12000 0 PASSTHROUGH GRANT AWARD O'HAIR PARK COMMUNITY ASSOCIATION 19800 PEMBROKE AVENUE DETROIT MI 48219 463420443 501(C)(3) 35000 0 PASSTHROUGH GRANT AWARD ON ARRIVAL LLC 509 FRANKLIN STREET DUNDEE MI 48131 862688537 6013 0 PASSTHROUGH GRANT AWARD PEOPLE FOR PALMER PARK LINCOLNSHIRE DRIVE DETROIT MI 48203 274528966 501(C)(3) 35000 0 PASSTHROUGH GRANT AWARD PEOPLES WATER BOARD COALITION PO BOX 21398 DETROIT MI 482210398 845155732 501(C)(3) 20000 0 PASSTHROUGH GRANT AWARD RIGHTEOUS SONS 231 EAST GRAND BLVD DETROIT MI 48207 832488346 501(C)(3) 20000 0 PASSTHROUGH GRANT AWARD SOULARDARITY 21 HIGHLAND STREET HIGHLAND PARK MI 48203 472733535 501(C)(3) 72742 0 PASSTHROUGH GRANT AWARD THE FRIENDS OF PARKSIDE 5000 CONNER STREET SUITE 103 DETROIT MI 48213 383017821 501(C)(3) 35000 0 PASSTHROUGH GRANT AWARD URBAN ELECTRONICS INC 49 VIRGINIA PARK STREET DETROIT MI 48202 921804396 12000 0 PASSTHROUGH GRANT AWARD 27 8 PART I, LINE 2: THE CO. ACT ACTIVATE FUND AWARDS ARE PROJECT BASED AND THERE ARE MANY TOUCH POINTS TO ENSURE THE FUNDS ARE USED ON THE APPROVED PROJECT. TECH BASED AND SBS PROGRAMS ACTIVATE FUND AWARDS ARE PROJECT BASED THROUGH THE GILBERT FAMILY FOUNDATION AND HAVE MANY TOUCH POINTS TO ENSURE THE FUNDS ARE USED IN ACCORDANCE WITH THE GRANT AGREEMENT. X X X 0 0 0 0 0 0 0 0 0 EDWARD STAEBLER PRESIDENT & CEO 139920 0 0 0 5000 0 40000 0 41119 0 226039 0 0 0 KELLY KOZLOWSKI CHIEF OPERATING OFFICER 156659 0 15000 0 5000 0 0 0 46051 0 222710 0 0 0 DAWN BATTS DIRECTOR, GROWTH CAPITAL 140728 0 2000 0 480 0 3828 0 23880 0 170916 0 0 0 MARLO RENCHER SR. DIRECTOR, TECHNOLOGY-BASED 125054 0 2000 0 480 0 3544 0 20104 0 151182 0 0 0 SCHEDULE J, PART II EDWARD STAEBLER WAS COMPENSATED BY WAYNE STATE UNIVERSITY FOR HIS ROLE AS OFFICER 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 712,821. MANAGEMENT AND GENERAL EXPENSES 237,607. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 950,428. FORM 990, PART XI, LINE 9: TRANSFERS TO/FROM RELATED PARTIES 817,354. 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 -94982 20006602 1.00000 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 TECHONE HOLDING CORPORATION J 122202 CASH TRANSACTION TECHONE HOLDING CORPORATION O 707458 CASH TRANSACTION TECHONE HOLDING CORPORATION Q 51498 CASH TRANSACTION TECHONE HOLDING CORPORATION S 1500000 CASH TRANSACTION