Michigan Technology Commercialization Corporation

Ann Arbor, MI
Tax-exempt since March 2003
EIN: 37-1417143

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Science and Technology Research Institutes, Services / Nonmonetary Support N.E.C. (NTEE)

Donations to this organization are tax deductible.

Revenue

$4.27M (2022)

Expenses

$5.68M (2022)

Total Assets

$3.99M (2022)

Total Liabilities

$3.8M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Revenue

$4,271,855

Expenses

$5,679,082

Net Income

-$1,407,227

Net Assets

$188,791

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,979,304	93.2%
Investment Income	$24,971	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$267,580	6.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$624,000	11.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,986,800
Total Liabilities	$3,798,009
Net Assets	$188,791

Compensation

Key Employees and Officers	Compensation	Related	Other
James A Richter (President)	$262,500	$0	$68,732
Andrew C Taylor (Operations)	$187,500	$0	$41,248
Robert C Law (Development)	$174,000	$0	$29,000
Andrea B Darden (Director)	$0	$0	$0
Charles A Fiedler (Secy Treas)	$0	$0	$0

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990

Filed on Nov. 15, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$12,527,491

Expenses

$10,989,738

Net Income

$1,537,753

Net Assets

$1,596,018

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$12,433,411	99.2%
Investment Income	$1,471	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$16,832	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$75,777	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$300,000	2.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$116,000	1.1%

Assets/Debt
Total Assets	$6,134,107
Total Liabilities	$4,538,089
Net Assets	$1,596,018

Compensation

Key Employees and Officers	Compensation	Related	Other
James A Richter (President)	$175,000	$0	$88,595
Andrew C Taylor (Operations)	$125,000	$0	$69,146
Robert C Law (Development)	$116,000	$0	$29,000
Andrea B Darden (Director)	$0	$0	$0
Charles A Fiedler (Secy Treas)	$0	$0	$0

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990

Filed on Nov. 14, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$14,546,758

Expenses

$14,452,677

Net Income

$94,081

Net Assets

$58,265

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$14,688,886	> 100%
Investment Income	$1,063	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$143,691
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$500	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$350,000	2.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$393,406	2.7%

Assets/Debt
Total Assets	$4,604,131
Total Liabilities	$4,545,866
Net Assets	$58,265

Compensation

Key Employees and Officers	Compensation	Related	Other
Andrew C Taylor (Operations)	$354,167	$0	$21,609
James A Richter (President)	$350,000	$0	$23,986
Robert C Law (Development)	$116,000	$0	$0
Andrea B Darden (Director)	$0	$0	$0
Charles A Fiedler (Secy Treas)	$0	$0	$0

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990

Filed on Nov. 12, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$12,890,096

Expenses

$12,373,346

Net Income

$516,750

Net Assets

-$35,817

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$750,000	5.8%
Program Services	$11,721,253	90.9%
Investment Income	$24,794	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$394,049	3.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$826,380	6.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$5,954,640
Total Liabilities	$5,990,457
Net Assets	-$35,817

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Revenue

$1,225,479

Expenses

$1,609,891

Net Income

-$384,412

Net Assets

-$302,124

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,144,103	93.4%
Program Services	$0
Investment Income	$24,434	2.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$56,942	4.6%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$4,195,959
Total Liabilities	$4,498,083
Net Assets	-$302,124

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$231,331

Expenses

-$112,776

Net Income

$344,107

Net Assets

$82,288

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,320	2.7%
Program Services	$0
Investment Income	$24,610	10.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$200,400	86.6%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	-$439,314
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,493,258
Total Liabilities	$3,410,970
Net Assets	$82,288

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$565,074

Expenses

$367,819

Net Income

$197,255

Net Assets

-$261,820

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$358,000	63.4%
Program Services	$0
Investment Income	$24,133	4.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$182,941	32.4%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$443,975	> 100%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$435,390
Total Liabilities	$697,210
Net Assets	-$261,820

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$1,052,029

Expenses

$825,000

Net Income

$227,029

Net Assets

-$459,075

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$859,680	81.7%
Program Services	$0
Investment Income	$24,533	2.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$167,815	16.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$472,500	57.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$10,901	1.3%

Assets/Debt
Total Assets	$400,526
Total Liabilities	$859,601
Net Assets	-$459,075

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$529,234

Expenses

$1,638,685

Net Income

-$1,109,451

Net Assets

-$686,104

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$394,933	74.6%
Program Services	$0
Investment Income	$24,333	4.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$85,385	16.1%
Net Fundraising	$0
Sales of Assets	$24,500	4.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$472,500	28.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,248	0.1%

Assets/Debt
Total Assets	$508,486
Total Liabilities	$1,194,590
Net Assets	-$686,104

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2013

Revenue

$799,087

Expenses

$1,183,137

Net Income

-$384,050

Net Assets

$423,457

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$616,440	77.1%
Program Services	$0
Investment Income	$24,459	3.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$158,188	19.8%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$472,500	39.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$19,188	1.6%

Assets/Debt
Total Assets	$1,201,539
Total Liabilities	$778,082
Net Assets	$423,457

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$694,486

Expenses

$1,165,432

Net Income

-$470,946

Net Assets

$807,507

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$427,236	61.5%
Program Services	$0
Investment Income	$24,795	3.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$214,126	30.8%
Net Fundraising	$0
Sales of Assets	$28,327	4.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$472,500	40.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$86,100	7.4%

Assets/Debt
Total Assets	$1,561,596
Total Liabilities	$754,089
Net Assets	$807,507

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,225,377

Expenses

$1,566,302

Net Income

-$340,925

Net Assets

$1,278,363

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,002,511	81.8%
Program Services	$0
Investment Income	$25,434	2.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$197,430	16.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$472,500	30.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$86,100	5.5%

Assets/Debt
Total Assets	$2,040,548
Total Liabilities	$762,185
Net Assets	$1,278,363

990

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
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Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
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E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 2, 2024

Michigan Technology Commercialization Corporation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $4.27M (2022)

Expenses $5.68M (2022)

Total Assets $3.99M (2022)

Total Liabilities $3.8M (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

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Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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Fiscal Year Ending Dec. 2020

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Compensation

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Fiscal Year Ending Dec. 2019

Extracted Financial Data

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Fiscal Year Ending Dec. 2018

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Fiscal Year Ending Dec. 2017

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Fiscal Year Ending Dec. 2016

Extracted Financial Data

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Fiscal Year Ending Dec. 2015

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Fiscal Year Ending Dec. 2014

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Fiscal Year Ending Dec. 2013

Extracted Financial Data

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Fiscal Year Ending Dec. 2012

Extracted Financial Data

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Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

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Fiscal Year Ending Dec. 2010

No Extracted Financial Data

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Fiscal Year Ending Dec. 2009

No Extracted Financial Data

Document Links

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Revenue

$4.27M (2022)

Expenses

$5.68M (2022)

Total Assets

$3.99M (2022)

Total Liabilities

$3.8M (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

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2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2001