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Fort Worth Medtech Center Inc Dba Techfw

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

EIN: 752775052 ✦ Fort worth, TX ✦ Designated as a 501(c)(3)

Overview

What is Fort Worth Medtech Center Inc Dba Techfw?

Fort Worth Medtech Center Inc, operating under the name TechFW, is a nonprofit organization situated in Fort Worth, Texas. Their primary mission is to foster the growth of the technology business sector in North Texas by aiding entrepreneurs in commercializing innovative technologies. They offer various programs tailored to entrepreneurs at different stages of their ventures. The ThinkLab program provides foundational support and skill development, while SmartStart assists in launching startups and securing necessary resources. FastForward caters to executives scaling high-growth companies, and the M-Crew program offers six-month mentorship for companies facing growth barriers. With a team of experienced mentors, TechFW aims to empower entrepreneurs and contribute to the tech community in North Texas.


Official website here: www.techfw.org

Is Fort Worth Medtech Center Inc Dba Techfw legitimate?

Fort Worth Medtech Center Inc Dba Techfw is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fort Worth Medtech Center Inc Dba Techfw 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: $87,468
Professional Fundraising Fees: $0
Other Salaries and Wages: $271,050

For more financial information, click here


Official website here: www.techfw.org

What is the mission statement of Fort Worth Medtech Center Inc Dba Techfw?

Fort Worth Medtech Center Inc, operating under the name TechFW, aims to foster the growth of the technology business community in North Texas. They accomplish this by assisting entrepreneurs in commercializing innovative technologies. Their mission is twofold: firstly, they help entrepreneurs evaluate the potential value of their technology venture ideas, identify potential markets, and develop a strategy to communicate this value to stakeholders. Secondly, they provide resources and support for entrepreneurs to build and launch their startups, scale high-growth companies, and overcome various challenges through their programs like ThinkLab, SmartStart, FastForward, and M-Crew. TechFW's M-Crew program, in particular, provides a team of mentors to help companies overcome central barriers to growth and implementation over a six-month period.


Official website here: www.techfw.org

Who is the CEO of Fort Worth Medtech Center Inc Dba Techfw?

Hayden Blackburn is the Executive Dir. of Fort Worth Medtech Center Inc Dba Techfw.


Official website here: www.techfw.org

What is the revenue of Fort Worth Medtech Center Inc Dba Techfw?

Fort Worth Medtech Center Inc Dba Techfw's revenue in 2022 was $509,549.


Official website here: www.techfw.org

Who are the executives of Fort Worth Medtech Center Inc Dba Techfw and what are their salaries?

The average compensation at Fort Worth Medtech Center Inc Dba Techfw during 2022 was $44,815. There are 8 employees and 72 volunteers at Fort Worth Medtech Center Inc Dba Techfw.

Here are 12 key members and their salaries:

    Hayden Blackburn (Executive Dir.)
  • Compensation: $101,923
  • Related: $0
  • Other: $13,070

    • Melissa Acosta (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laura Baldwin (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alem Boukadoum (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stella Robertson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elyse Dickerson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brent Sorrells (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Manan Atit (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rodney D'Souza (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stella Robertson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sarah Webb (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sudhir Ippagunta (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.techfw.org

    Where can I find the form 990 for Fort Worth Medtech Center Inc Dba Techfw?

    The Fort Worth Medtech Center Inc Dba Techfw’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.techfw.org

    Learn more at the official website: www.techfw.org

    Mission Statement of Fort Worth Medtech Center Inc Dba Techfw

    Fort Worth Medtech Center Inc, doing business as TechFW, dedicates its mission to fostering the growth of the technology business community in North Texas. By taking an entrepreneur-centric approach, TechFW aims to facilitate the commercialization of innovative technologies. The organization accomplishes this through four primary programs.

    The ThinkLab program is designed to support entrepreneurs in the early stages of their venture. This personal investment allows founders to establish the foundations of their technology venture and hone their skills as entrepreneurs. By assisting them in evaluating the potential value of their idea, identifying potential markets, and crafting a strategy to communicate its value, TechFW helps entrepreneurs determine whether their concept is worth pursuing.

    The SmartStart program is geared towards entrepreneurs who are building and launching their startups. TechFW provides customized support to help these founders refine their plans, connect with essential resources, and secure funding, among other needs. Companies that qualify for SmartStart can even lease space during the implementation phase of their plans.

    Lastly, the FastForward program is tailored for executives leading high-growth companies. TechFW offers guidance to these executives on various challenges, such as securing funding, hiring, marketing, and implementing processes. Companies that participate in SmartStart and FastForward are also eligible for the M-Crew program, which pairs them with a team of experienced mentors who offer targeted assistance for six months.

    In summary, Fort Worth Medtech Center Inc Dba TechFW is a nonprofit organization committed to nurturing the technology business community in North Texas. By providing a range of programs, TechFW empowers entrepreneurs and executives to commercialize innovative technologies, secure funding, and grow their businesses.

    Impact

    This information is meant to be a general summary of Fort Worth Medtech Center Inc Dba Techfw. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    TechFW, through its various programs such as ThinkLab, SmartStart, and FastForward, plays a crucial role in supporting entrepreneurs in North Texas in commercializing innovative technologies. By providing personalized support, mentorship, resources, and access to funding, TechFW empowers entrepreneurs to successfully launch and scale their tech ventures. This directly contributes to the growth and development of the technology business community in the region, fostering innovation, job creation, and economic prosperity. The impact of TechFW extends beyond individual entrepreneurs to benefit the larger community, driving positive change and advancements in the technology sector.





    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: $339
  • Program Service Revenue: $363,674
  • Gross Receipts: $509,549

    • Assets and Liabilities:
  • Total Assets: $878,746
  • Total Liabilities: $362,047
  • Net Assets: $516,699
  • Programs

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

    Core program fees

    Revenue

    $218,996

    Cowtown Angels fees

    Revenue

    $67,112

    Office rentals to clients

    Revenue

    $71,210

    Other client services

    Revenue

    $6,356

    Organization Details

    Founding Year

    1998

    Principal Officer

    Hayden Blackburn

    Main Address

    1120 South Freeway, Fort Worth, TX, 76104

    NTEE Category

    Code: S40 - Community improvement

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