WAYNE STATE UNIV RESEARCH & TECHNO- LOGY PARK IN THE CITY OF DETROIT

DETROIT, MI, 48202-3429 (313) 887-1639 Est. 2000 EIN 41-2061387
S30 - Economic Development 990 - Public charity return 501(c)(3)
www.techtowndetroit.org

Mission

TECHTOWN IS DETROIT'S ENTREPRENEUERSHIP HUB. WE HELP TECH STARTUPS AND SMALL BUSINESSES DEVELOP, LAUNCH, AND GROW. BY OPENING DOORS TO OPPORTUNITY, WE STRENGTHEN OUR CITY, NEIGHBORHOODS, AND ECONOMY.

Giving Portfolio

Total Grants
149
Total Giving
$5.4M
Recipients
147
Years Active
2020 - 2024
Avg grant: $36,698 Median: $20,000

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
202433$1.3M $39K294
202356$2.1M $37K495
202235$1.0M $29K350
202025$1.0M $42K250

Sectors Funded

Arts, Culture & Humanities
12
Human Services
8
Community Improvement
7
Youth Development
5
Environment
4
Housing & Shelter
4
Education
4
Health Care
3
and 8 more sectors

Top States

Michigan
144
New York
1
California
1
North Carolina
1
Delaware
1
District of Columbia
1

Grantee Size Profile

$100K - $500K
18
$1M - $5M
16
$500K - $1M
10
$5M - $10M
8
Over $50M
2
Under $100K
1
$10M - $50M
1

Top Grantees

Page 1 of 3

Grants Awarded · 90 grants

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Financials

Total Revenue
$4,808,210
Total Expenses
$12,535,531
Net Assets
$16,009,826
84 employees 83 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
15.3 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 29.2%
Expenses ↑ 6.3%
Revenue Sources
Contributions 94.0% Earned revenue 2.6% Investment 1.6% Other 2.0%
Expense Breakdown
Program 74.8% Management 20.8% Fundraising 4.4%

Officers & Trustees (39)

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Filing History (5 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$4,808,210 ↓$12,535,531$16,009,826
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$6,792,234 ↓$11,795,490$23,744,130
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$15,845,749 ↑$8,937,181$29,875,199
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$5,453,364 ↓$7,901,750$18,383,364
2018 990 - Public charity return
Jan 1, 2018 to Dec 31, 2018
$6,059,836 $3,978,547$23,054,265

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EIN: 41-2061387 · Source: IRS Form 990 e-file data