Nonprofit · EIN 37-1417143
MICHIGAN TECHNOLOGY COMMERCIALIZATION CORPORATION
Tax-exempt · ANN ARBOR, MI 48108
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,500,157 | $3,248,604 | -$1,748,447 | $3,567,381 | $5,268,469 | -$1,701,088 |
| December 31, 2023 | 990 | $1,923,634 | $2,065,066 | -$141,432 | $3,652,364 | $3,605,005 | $47,359 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $920,938
- Investment income
- $24,638
- Net rental income
- $554,581
- Other revenue
- $554,581
Expenses
- Grants and similar amounts paid
- $311,402
- Compensation of officers, directors and key employees
- $2,294,076
- Salaries, compensation and benefits (total)
- $2,513,387
- Professional fundraising fees
- $0
- Legal fees
- $23,128
- Accounting fees
- $24,832
- Travel
- $46,223
- Depreciation
- $77,354
- Program services (functional)
- $357,625
- Management and general (functional)
- $2,890,979
Balance sheet and other
- Total assets, start of year
- $3,652,364
- Total assets, end of year
- $3,567,381
- Total liabilities, end of year
- $5,268,469
- Net assets, end of year
- -$1,701,088
- Land, buildings and equipment
- $2,311,638
- Net assets without donor restrictions
- -$1,701,088
- Gross receipts
- $1,638,639
- Employees
- 2
- Year formed
- 2001
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES A RICHTER | PRESIDENT Trustee or director, Officer | 40 | $320,833 | $34,476 |
| ANDREW C TAYLOR | OPERATIONS Key employee | 40 | $229,167 | $14,555 |
| CHARLES A FIEDLER | SECY TREAS Trustee or director, Officer | 1 | $0 | $0 |
| ANDREA B DARDEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT C LAW | DEVELOPMENT Key employee | 40 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES A RICHTER | PRESIDENT Trustee or director, Officer | 40 | $0 | $88,035 |
| ANDREW C TAYLOR | OPERATIONS Key employee | 40 | $0 | $59,296 |
| ROBERT C LAW | DEVELOPMENT Key employee | 40 | $0 | $43,500 |
| ANDREA B DARDEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLES A FIEDLER | SECY TREAS Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 401 W MORGAN RD, ANN ARBOR, MI 48108-9109
- In care of
- % JAMES A RICHTER
- Principal officer (990 for 2024)
- JAMES A RICHTER, 401 WEST MORGAN ROAD, ANN ARBOR, MI 48108
- Signed the 990
- JAMES A RICHTER, PRESIDENT
- Phone
- (734) 353-4398
- Return prepared by
- JAMES M DWAN CPA PC
Mission
PROMOTE BASIC AND APPLIED RESEARCH TO SUPPORT FEDERAL AND STATE PROGRAMS. PROVIDE EDUCATIONAL OPPORTUNITIES FOR GRADUATES IN MICHIGAN.
Program accomplishments
- SUPPORTING FEDERAL PROGRAMS: THE MICHIGAN RESEARCH INSTITUTE IDENTIFIES BASIC RESEARCH AND DEVELOPMENT THAT CAN BE MATCHED TO HIGH PRIORITY DEPARTMENT OF DEFENSE NEEDS THROUGHOUT THE SERVICES INCLUDING ARMY, MARINE CORPS, NAVY, AIR FORCE AND NATIONAL GUARD. THIS INCLUDES MILITARY VEHICLES, AIRCRAFT AND GENERAL MEDICAL REQUIREMENTS.Expenses $357,625 · revenue $920,938
- SUPPORT STATE OF MICHIGAN INITIATIVES: THE MICHIGAN RESEARCH INSTITUTE SUPPORTS THIS AREA BY PROVIDING A BUSINESS INCUBATOR FOR ADVANCED TECHNOLOGY STARTUP COMPANIES INCLUDING SUPPORTING SERVICES. THE ORGANIZATION ALSO PROMOTES APPLICATION OF RESEARCH AND DEVELOPMENT TO MICHIGAN DEFENSE COMPANIES PROVIDING SOLUTIONS TO THE DEPARTMENT OF DEFENSE.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 37-1417143
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U192)
- Assets (IRS master file)
- $3,567,381
- Income (IRS master file)
- $1,638,639
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,500,157 | $3,248,604 | $3,567,381 | IRS |
| 990 | December 2023 | $1,923,634 | $2,065,066 | $3,652,364 | XML |
| 990 | December 2022 | $4,271,855 | $5,679,082 | $3,986,800 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 37-1417143).
Questions about MICHIGAN TECHNOLOGY COMMERCIALIZATION CORPORATION
- What is the EIN of MICHIGAN TECHNOLOGY COMMERCIALIZATION CORPORATION?
- The employer identification number (EIN) of MICHIGAN TECHNOLOGY COMMERCIALIZATION CORPORATION is 37-1417143.
- Is MICHIGAN TECHNOLOGY COMMERCIALIZATION CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to MICHIGAN TECHNOLOGY COMMERCIALIZATION CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MICHIGAN TECHNOLOGY COMMERCIALIZATION CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MICHIGAN TECHNOLOGY COMMERCIALIZATION CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MICHIGAN TECHNOLOGY COMMERCIALIZATION CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MICHIGAN TECHNOLOGY COMMERCIALIZATION CORPORATION?
- The 990 for the year ended December 31, 2024 names JAMES A RICHTER.
- Who are the officers and directors of MICHIGAN TECHNOLOGY COMMERCIALIZATION CORPORATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $320,833 (JAMES A RICHTER, PRESIDENT).
- How much revenue does MICHIGAN TECHNOLOGY COMMERCIALIZATION CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,500,157, expenses of $3,248,604 and total assets of $3,567,381 at year end.
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