Michigan Technology Commercialization Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,225,377 | 1,566,302 | −340,925 | 9.8 | 36% |
| 2012 | 694,486 | 1,165,432 | −470,946 | 8.3 | 48% |
| 2013 | 799,087 | 1,183,137 | −384,050 | 4.3 | 42% |
| 2014 | 529,234 | 1,638,685 | −1,109,451 | -5.0 | 29% |
| 2015 | 1,052,029 | 825,000 | 227,029 | -6.7 | 59% |
| 2016 | 565,074 | 367,819 | 197,255 | -8.5 | 121% |
| 2017 | 231,331 | −112,776 | 344,107 | -8.8 | 390% |
| 2018 | 1,225,479 | 1,609,891 | −384,412 | -2.3 | 0% |
| 2019 | 12,890,096 | 12,373,346 | 516,750 | -0.0 | 7% |
| 2020 | 14,546,758 | 14,452,677 | 94,081 | 0.0 | 5% |
| 2021 | 12,527,491 | 10,989,738 | 1,537,753 | 1.7 | 4% |
| 2022 | 4,271,855 | 5,679,082 | −1,407,227 | 0.4 | 11% |
| 2023 | 1,923,634 | 2,065,066 | −141,432 | 0.3 | 0% |
In its most recent public year (2023), this organization spent $141,432 more than it brought in. Its reserves stood at about 0.3 months of spending, down from 9.8 in 2011. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Michigan Technology Commercialization Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works