Ntec For Technology Inc

Organization Overview

Ntec For Technology Inc is located in Frisco, TX. As of 08/2017, Ntec For Technology Inc employed 5 individuals. Ntec For Technology Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 08/2017, Ntec For Technology Inc generated $270.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (33.0%) each year. All expenses for the organization totaled $468.1k during the year ending 08/2017. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2017

Describe the Organization's Mission:

Part 3 - Line 1

ASSISTS ENTREPRENEURS WITH STARTING AND GROWING NEW MEDICAL TECHNOLOGY VENTURES.SIGNIFICANT ACTIVITIES INCLUDE A FACILITY DESIGNED FOR STARTUPCOMPANIES, INTERNAL PROGRAMS, INVESTMENT FORUMS, AND OTHER TRAININGPROGRAMS; HANDS ON ASSISTANCE WITH MANAGEMENT, OPERATIONS, REGULATORYMATTERS, MANUFACTURING & QC, FUNDING AND STAFFING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BUSINESS SERVICES: NTEC PROVIDES BUSINESS COACHING, CONSULTING,REFERRALS, AND OTHER ASSISTANCE AS MAY BE REQUIRED BY ITS PROGRAMCOMPANIES TO ACCELERATE THEIR GROWTH AND INCREASE THEIR ODDS OFSUCCESS. NTEC'S DIRECT ASSISTANCE INCLUDES BUSINESS MANAGEMENT,OPERATIONS, FINANCE AND ACCOUNTING, FUNDRAISING, REGULATORY MATTERS,MANUFACTURING AND QUALITY CONTROL, STAFFING, SUPPORT NETWORKS,REFERRALS, AND ENTREPRENEURIAL EDUCATION. BUSINESS SERVICES ARETAILORED TO MEET THE SPECIFIC NEEDS AND STAGE OF DEVELOPMENT OF EACHCOMPANY.NTEC RECEIVES NUMEROUS PERSONAL INQUIRIES DURING THE YEAR. THE TEAM REVIEWS EXECUTIVE SUMMARIES, BUSINESS PLANS, STARTUP COMPANY PITCHES AND PRESENTATIONS. OF THESE NTEC SELECTS COMPANIES FOR COACHING, MAKES REFERRALS TO INVESTORS AND OTHER SOURCES OF FUNDING. THESE ACTIVITIES ARE PROVIDED BY THE FULL TIME STAFF AS WELL AS NUMEROUS MENTORS AND VOLUNTEERS.


FACILITY SERVICES: NTEC PROVIDES A FULL SERVICE FACILITY FOR INCUBATINGCOMPANIES. THE FACILITY HAS ALL OF THE SERVICES A COMPANY REQUIRES INORDER TO ACCELERATE ITS GROWTH, INCLUDING OFFICE SPACE, ADMINISTRATIVESERVICES, LAB AND TECHNICAL SPACE. THE FACILITY AND SERVICES AREFLEXIBLE TO MEET THE NEEDS OF STARTUP COMPANIES. THE FACILITY ALSOPROVIDES FOUNDING TEAMS THE OPPORTUNITY TO INTERACT WITH SEASONEDPROFESSIONALS, SERVICE PROVIDERS, AND CAPITAL PROVIDERS TO ADDRESSSTRATEGIC AND TACTICAL ISSUES.THE FACILITY IS A 50,000 SQUARE FOOT ENTERPRISE CENTER THAT INCLUDES LAB SPACE, FURNISHED OFFICES, HIGH TECH FLEX-SPACE, CUBICLES, CONFERENCE SPACE AND MEETING ROOMS, KITCHEN AND BREAK ROOMS, 24 HOUR ACCESS TO SECURED BUILDING, AND SHARED RECEPTION. THE BUILDING INFRASTRUCTURE INCLUDED HIGH SPEED INTERNET ACCESS, WIRELESS IN-OFFICE CONNECTIVITY, DATA AND DIGITAL/IP TELEPHONE COMMUNICATIONS, STATE-OF-THE-ART PRESENTATION AND PROJECTION EQUIPMENT, VIDEO SURVEILLANCE, NETWORKED PRINTING AND SHARED PRINTERS. THE FACILITY CAN ACCOMODATE UP TO 150 OCCUPANTS


EDUCATION: NTEC PROVIDES EDUCATIONAL PROGRAMS, SEMINARS AND OUTREACHPROGRAMS, INCLUDING CEO ROUNDTABLES, BROWN-BAG LUNCH PANEL DISCUSSIONS,STAKEHOLDER MEETINGS, INVESTMENT FORUMS, AND OTHER TRAINING PROGRAMS.NTEC ALSO PARTICIPATES IN OUTWARD-FACING EVENTS SUCH AS MEDICAL DEVICEACTION ALLIANCE, BUSINESS PLAN COMPETITIONS, ANGEL FUNDING FORUMS,TECHNOLOGY AWARD EVENTS AND OTHER GENERAL TECHNOLOGY ANDENTREPRENEURIAL SEMINARS AND TRAINING.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Scott Freeman
Director
$0
Ken Hawari
Director
$0
Mollie Mossman
Director
$0
Jaime Ronderos
Director
$0
Dan Bollner
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $257,500
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$257,500
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,925
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $270,170

Peer Organizations

Organization NameAssets
Education Service Center Region Xiii
Austin, TX
$98,256,878
Family & Childrens Service Inc
Tulsa, OK
$137,494,369
Second Harvest Food Bank Of Greater New Orleans And Acadiana
New Orleans, LA
$115,175,910
The Helen Ross Mcnabb Center
Knoxville, TN
$111,385,003
Dallas Physician Medical Services For Children Inc
Dallas, TX
$42,561,660
Lyntegar Electric Cooperative Inc
Tahoka, TX
$99,599,290
Volunteer Corporate Credit Union
Nashville, TN
$118,810,831
Union University
Jackson, TN
$103,290,604
Dallas Foundation A Tx Nonprofit Corporation
Dallas, TX
$149,681,480
Arizona Community Foundation
Phoenix, AZ
$211,703,650
Baylor Scott & White Medical Centers-Capitol Area
Dallas, TX
$96,294,245
Ibew-Neca Southwestern Health Benefit Fund
Dallas, TX
$95,474,599
Ryan Foundation
Greenwood Village, CO
$561,557,585
Christian Community Foundation Inc
Colorado Springs, CO
$194,166,172
Texas Tech Foundation Inc
Lubbock, TX
$110,148,278
St Louis Community Foundation Incorporated
St Louis, MO
$107,974,842
Civica Inc
Lehi, UT
$50,668,299
Labette County Medical Center
Parsons, KS
$94,440,840
Communtiy Health Center Of Southeast Kansas Inc
Pittsburg, KS
$98,367,080
Northeast Missouri Electric Power Cooperative
Palmyra, MO
$99,763,852
South Texas Blood & Tissue Center
San Antonio, TX
$96,309,531
Baylor Health Care System
Dallas, TX
$73,799,087
Hendrick Medical Center Brownwood
Abilene, TX
$117,227,793
Lone Star Circle Of Care
Georgetown, TX
$104,990,053
General Health System
Baton Rouge, LA
$106,144,251

Create an account to unlock the data you need.

or