Technical Development Corporation
- Assets
- $3.6m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 23
- Location
- Boston, MA
- Founding
- 11/1968
- Data as of
- 12/2020
- EIN
- 04-2441030
Organization Overview
Technical Development Corporation, operating under the name Tdc, is located in Boston, MA. The organization was established in 1968. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Tdc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tdc 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 12/2020, Tdc generated $4.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $3.9m during the year ending 12/2020. While expenses have increased by 1.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TDC, FOUNDED IN 1968, IS A NONPROFIT CONSULTING AND RESEARCH GROUP DEDICATED TO PROVIDING THE NONPROFIT SECTOR WITH THE BUSINESS AND MANAGEMENT SKILLS CRITICAL TO OPERATING EFFECTIVELY. TDC WORKS WITH ORGANIZATIONS, FOUNDATIONS AND PUBLIC AGENCIES ACROSS THE NONPROFIT SECTOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT CONSULTING SERVICES. TDC CREATES STRATEGIC BUSINESS PLANS THAT HELP ORGANIZATIONS DEVELOP SOPHISTICATED STRATEGIES THAT ALIGN A DEEP UNDERSTANDING OF MARKET DYNAMICS WITH CLEAR REALISTIC PLANS FOR LONG-TERM FINANCIAL SUSTAINABILITY. TDC PERIODICALLY CONDUCTS RESEARCH STUDIES ON MAJOR TRENDS IN THE NONPROFIT SECTOR. TDC ALSO OFFERS OTHER PROGRAMS AND ORGANIZATIONAL EVALUATIONS, BOARD DEVELOPMENT AND TRAINING, AND COMMUNITY NEEDS ASSESSMENTS. TDC ASSISTS WITH THE REDISTRIBUTION OF GRANT FUNDS TO REGISTERED CHARITIES AND PROVIDES SERVICES RELATED TO THE DISTRIBUTION. IN 2021, TDC WORKED WITH 85+ CLIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Nelson Treasurer | OfficerTrustee | 40 | $192,708 |
Elizabeth Cabral Curtis President | OfficerTrustee | 40 | $190,036 |
Juliana Koo Vice President | 40 | $123,441 | |
Ashley Berendt Vice President | 40 | $119,445 | |
Rachel C Ford Vice President | 40 | $118,897 | |
Mary Plourde Pagliarulo Clerk | Officer | 40 | $117,200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Cultural Planning Group Llc Cultural Planning Consulting Agency | 12/30/15 | $390,440 |
Minelli Inc Brand Development And Marketing | 12/30/15 | $158,172 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,619,555 |
| Investment income | $11,269 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,514,934 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $541,175 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,171,665 |
| Pension plan accruals and contributions | $97,988 |
| Other employee benefits | $163,281 |
| Payroll taxes | $134,975 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $67,681 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $137,675 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $265,276 |
| Travel | $19,090 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,050 |
| Insurance | $5,543 |
| All other expenses | $0 |
| Total functional expenses | $3,888,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,090,007 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $203,033 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,442 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $241,032 |
| Total assets | $3,614,028 |
| Accounts payable and accrued expenses | $127,548 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $316,646 |
| Total liabilities | $444,194 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $3,169,834 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Technical Development Corporation has recieved totaling $3,527,120.
| Awarding Organization | Amount |
|---|---|
Klarman Family Foundation Boston, MA PURPOSE: FUNDER COLLABORATIONS AND BOLD BETS: TO SUPPORT MANAGEMENT, TECHNICAL ASSISTANCE, AND TRAINING FOR THE BARR-KLARMAN MASSACHUSETTS ARTS INITIATIVE FOR FISCAL YEARS 2021 AND 2022 | $953,000 |
Barr Foundation Boston, MA PURPOSE: ARTS & CREATIVITY: TO SUPPORT IMPLEMENTATION OF THE LEARNING AGENDA FOR PHASE 2 OF THE BARR KLARMAN MASSACHUSETTS ARTS INITIATIVE | $953,000 |
Klarman Family Foundation Boston, MA PURPOSE: FUNDER COLLABORATIONS AND BOLD BETS: TO SUPPORT TECHNICAL ASSISTANCE AS PART OF THE BARR-KLARMAN MASSACHUSETTS ARTS INITIATIVE (RAPID RESPONSE) | $750,000 |
Barr Foundation Boston, MA PURPOSE: ARTS & CREATIVITY: TO PROVIDE SUPPLEMENTAL FUNDS TO THE BARR-KLARMAN MASSACHUSETTS ARTS INITIATIVE COHORT | $450,000 |
The Heinz Endowments Pittsburgh, PA PURPOSE: TO SUPPORT THE CREATIVITY TEAM IN DESIGNING A FUTURE ORIENTED STRATEGY FOR THE ENDOWMENTS | $150,000 |
Flinn Foundation Phoenix, AZ PURPOSE: CULTURAL DATA PROJECT - CONTINUED | $101,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project Social Care Head Start Brooklyn, NY | $6,318,610 | $20,235,501 |
Race Forward New York, NY | $41,775,681 | $35,206,795 |
Doris Duke Management Foundation New York, NY | $16,535,132 | $14,155,611 |
Loomis Senior Living Inc Springfield, MA | $28,913,416 | $11,456,759 |
Jasa Corporation New York, NY | $81,684,696 | $37,717,694 |
Managed Health Resources Inc Somerville, MA | $3,938,917 | $10,079,712 |
Corporation For Public Management Springfield, MA | $4,685,257 | $9,157,820 |
Repair The World Inc New York, NY | $12,187,078 | $15,959,640 |
Greenlight Fund Inc Boston, MA | $42,352,502 | $25,826,646 |
Arts Business Collaborative Inc Long Island City, NY | $8,659,572 | $7,475,051 |
Msmc Realty Corporation New York, NY | $97,693,375 | $4,794,797 |
Westchester Visiting Nurse Services Group Inc White Plains, NY | $12,074,563 | $4,368,542 |