NonprofitsMichigan Technology Commercialization Corporation

Science & Technology

Michigan Technology Commercialization Corporation

ANN ARBOR, MI

Total revenue

$1.5M

Total expenses

$3.2M

Net assets

Grants received

EIN

371417143

Tax year

2024

Mission

Promote basic and applied research to support federal and state programs. Provide educational opportunities for graduates in michigan.

Programs

1 program

Support state of michigan initiatives: the michigan research institute supports this area by providing a business incubator for advanced technology startup companies including supporting services. The organization also promotes application of research and development to michigan defense companies providing solutions to the department of defense.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$921K
Investment income$25K
Other revenue$555K
Total revenue$1.5M

Expenses

Grants paid$311K
Salaries & benefits$2.5M
Fundraising
Other expenses$424K
Total expenses$3.2M
Total assets$3.6M
Net assets

People

5 listed

NameRoleCompensation

JAMES A RICHTER

PRESIDENT

Board

$321K

40 hrs/wk

CHARLES A FIEDLER

SECY TREAS

Board

1 hrs/wk

ANDREA B DARDEN

DIRECTOR

Board

1 hrs/wk

ANDREW C TAYLOR

OPERATIONS

Staff

$229K

40 hrs/wk

ROBERT C LAW

DEVELOPMENT

Staff

40 hrs/wk

Details

EIN371417143
NTEE codeU192
Subsection03
Ruling date2003-03
Formed2001
Employees2
MICHIGAN TECHNOLOGY COMMERCIALIZATION CORPORATION — Mission, Financials & Grants Received | Grantivo