Technical Development Corporation
- Assets
- $5.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 22
- Location
- Boston, MA
- Founding
- 11/1968
- Data as of
- 12/2022
- 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 12/2022, Tdc employed 22 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 12/2022, Tdc generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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:
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 2022, TDC WORKED WITH 72+ CLIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hiram Samel Board Chair | Trustee | 0.3 | $0 |
Marian Godfrey Gardner Trustee | Trustee | 0.3 | $0 |
John Henderson Trustee | Trustee | 0.3 | $0 |
Charles Mcdermott Trustee | Trustee | 0.3 | $0 |
Elizabeth Cabral Curtis President | OfficerTrustee | 40 | $191,194 |
Susan Nelson Treasurer | OfficerTrustee | 40 | $199,635 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Minelli Inc Brand Development And Marketing | 12/30/15 | $158,172 |
The Cultural Planning Group Llc Cultural Planning Consulting Agency | 12/30/15 | $390,440 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,966,374 |
| Investment income | $9,987 |
| 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 | $1,976,361 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $538,327 |
| Compensation of current officers, directors, key employees. | $172,596 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,453,693 |
| Pension plan accruals and contributions | $215,178 |
| Other employee benefits | $69,181 |
| Payroll taxes | $152,284 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,459 |
| Fees for services: Accounting | $38,723 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $430,621 |
| Advertising and promotion | $0 |
| Office expenses | $187,786 |
| Information technology | $83,277 |
| Royalties | $0 |
| Occupancy | $277,301 |
| Travel | $63,215 |
| 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 | $43,268 |
| Insurance | $10,313 |
| All other expenses | $30,596 |
| Total functional expenses | $3,606,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,338,985 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $454,685 |
| 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 | $897 |
| Net Land, buildings, and equipment | $85,916 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,261,821 |
| Total assets | $5,142,304 |
| Accounts payable and accrued expenses | $246,245 |
| 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 | $1,510,426 |
| Total liabilities | $1,756,671 |
| Net assets without donor restrictions | $1,698,461 |
| Net assets with donor restrictions | $1,687,172 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,142,304 |