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Michigan Tech Enterprise Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 300109013 ✦ Houghton, MI ✦ Designated as a 501(c)(3)

Overview

What is Michigan Tech Enterprise Corporation?

Michigan Tech Enterprise Corporation, located in Houghton, Michigan, is a nonprofit organization with a mission to foster economic and industrial development within the county and state. The corporation actively promotes scientific and technological research and development among public and private entities by hosting educational programs and seminars, creating new companies, and providing job opportunities. During the fiscal year 2022, they organized 46 educational events, established 10 new companies, and generated 161 job opportunities. Furthermore, they also provide a workspace for eight companies, contributing to the overall growth and development of the region.


Official website here: www.mtecsz.com

Is Michigan Tech Enterprise Corporation legitimate?

Michigan Tech Enterprise Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michigan Tech Enterprise Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $132,912
Professional Fundraising Fees: $0
Other Salaries and Wages: $372,762

For more financial information, click here


Official website here: www.mtecsz.com

What is the mission statement of Michigan Tech Enterprise Corporation?

Michigan Tech Enterprise Corporation is committed to fostering economic and industrial growth both within Houghton County and the state of Michigan. Their mission involves expanding opportunities and knowledge related to scientific and technological research and development among both public and private entities. During the fiscal year 2022, they conducted 46 educational programs and seminars, which were attended by 238 individuals. Furthermore, they established 10 new companies, resulting in 161 job creations. Additionally, they provided housing for eight companies.


Official website here: www.mtecsz.com

Who is the CEO of Michigan Tech Enterprise Corporation?

David Rowe is the Chair of Michigan Tech Enterprise Corporation. The CEO's salary of Michigan Tech Enterprise Corporation is $56,962 and their total compensation is $72,869.


Official website here: www.mtecsz.com

What is the revenue of Michigan Tech Enterprise Corporation?

Michigan Tech Enterprise Corporation's revenue in 2022 was $1,536,787.


Official website here: www.mtecsz.com

Who are the executives of Michigan Tech Enterprise Corporation and what are their salaries?

The average compensation at Michigan Tech Enterprise Corporation during 2022 was $101,135. There are 5 employees at Michigan Tech Enterprise Corporation.

Here are 11 key members and their salaries (Michigan Tech Enterprise Corporation's CEO's salary is $56,962 and their total compensation is $72,869):

    David Rowe (Ceo)
  • Compensation: $56,962
  • Related: $0
  • Other: $15,907

    • Macinnes Consulting (Interim Chie)
  • Compensation: $33,200
  • Related: $0
  • Other: $0

    • Eric Waara (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Reed (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Babcock (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Merz (Vice-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joe Dancy (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeff Ratcliffe (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lee Rouse (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alan West (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Zutter (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mtecsz.com

    Where can I find the form 990 for Michigan Tech Enterprise Corporation?

    The Michigan Tech Enterprise Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mtecsz.com

    Learn more at the official website: www.mtecsz.com

    Mission Statement of Michigan Tech Enterprise Corporation

    Michigan Tech Enterprise Corporation, in its mission, focuses on promoting economic and industrial development within the state of Michigan and Houghton County specifically. This nonprofit organization seeks to expand opportunities and advance knowledge related to scientific and technological research and development among both public and private entities. Throughout the fiscal year 2022, Michigan Tech Enterprise Corporation organized 46 educational programs and seminars, attracting a total of 238 attendees. Furthermore, the corporation played a significant role in the creation of 10 new companies and the creation of 161 jobs. In addition, it provided housing for 8 companies, demonstrating its commitment to fostering growth and development in the fields of science and technology.

    Impact

    This information is meant to be a general summary of Michigan Tech Enterprise Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Michigan Tech Enterprise Corporation's impact is significant in promoting economic and industrial development in Houghton County and the state of Michigan. Through their efforts to expand opportunities and knowledge in scientific and technological research and development, they have facilitated the creation of 10 companies and 161 jobs. Additionally, they have hosted 46 educational programs and seminars with 238 attendees, contributing to the growth and advancement of both public and private entities. By providing support and resources to emerging businesses, Michigan Tech Enterprise Corporation plays a crucial role in fostering innovation and entrepreneurship in the region.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $41,500
  • Program Service Revenue: $182,418
  • Gross Receipts: $1,536,787

    • Assets and Liabilities:
  • Total Assets: $2,993,171
  • Total Liabilities: $417,987
  • Net Assets: $2,575,184
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $167,829

    REVOLVING LOAN INTEREST EARNE

    Revenue

    $9,474

    OFFICE SERVICES

    Revenue

    $5,115

    Organization Details

    Founding Year

    2002

    Principal Officer

    David Rowe

    Main Address

    600 E LAKESHORE DRIVE BOX 1, HOUGHTON, MI, 49931

    NTEE Category

    Code: S40 - Community improvement

    If you are a representative of Michigan Tech Enterprise Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.