Center For Technology Commercialization
- Assets
- $21.4k
- Revenue
- $86.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Westborough, MA
- Founding
- 04/1993
- Data as of
- 12/2019
- EIN
- 04-3134046
Organization Overview
Center For Technology Commercialization is located in Westborough, MA. The organization was established in 1993. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 12/2019, Center For Technology Commercialization employed 3 individuals. Center For Technology Commercialization 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 12/2019, Center For Technology Commercialization generated $86.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.3%) each year. All expenses for the organization totaled $42.6k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (31.6%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TECHNOLOGY TRANSFER
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSESSMENTS AND FEASIBILITY STUDIES FOR REGIONALIZATION OF 911 PUBLIC SAFETY ANSWERING POINT (PSAP) CENTERS AND OTHER PUBLIC SAFETY GOVERNMENT SERVICES. CTC HAS THE CAPABILITY TO ASSESS THE PERFORMANCE OF A WIDE VARIETY OF PUBLIC SAFETY AGENCIES TO IDENTIFY THE FEASIBILITY OF CONSOLIDATING OR REGIONALIZING THOSE SERVICES WITH OTHER GOVERNMENT ENTITIES.PROGRAM AND PROJECT MANAGEMENT - CTC HAS EXCEPTIONAL SKILLS AND EXTENSIVE EXPERIENCE IN PROGRAM SUPPORT AND PROJECT MANAGEMENT AT THE LOCAL, STATE AND FEDERAL GOVERNMENT FOR PROJECTS THAT SUPPORT THE STATE AND LOCAL PUBLIC SAFETY COMMUNITY.INFORMATION SHARING SOLUTIONS FOR GOVERNMENT AGENCIES AND THEIR INDUSTRY PARTNERS THAT INCLUDE: MEETING, WORKSHOP, AND CONFERENCE PLANNING AND MANAGEMENT. CTC HAS PERSONNEL WITH EXTENSIVE EXPERTISE IN PROVIDING MANAGEMENT OF NATIONAL- AND REGIONAL-LEVEL HOMELAND SECURITY/PUBLIC SAFETY EVENTS.MARKET AND TECHNOLOGY ASSESSMENTS - KNOWLEDGE IS POWER AND MAKING INTELLIGENT BUSINESS DECISIONS RELIES ON SOLID, RELIABLE MARKET RESEARCH. CTC PERFORMS MARKET AND TECHNOLOGY ASSESSMENTS, WHICH CAN BE PERFORMED AS A STAND-ALONE SERVICE OR CAN BE FOLLOWED BY A FOCUS GROUP TO COLLECT USER REQUIREMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Kennedy CEO | OfficerTrustee | 8 | $9,343 |
Attorney Dm Moschos Clerk | OfficerTrustee | 0.5 | $0 |
Peter Carnes Trustee | Trustee | 0.5 | $0 |
Donald C Fraser Trustee | Trustee | 0.5 | $0 |
George Rabstejnek Trustee | Trustee | 0.5 | $0 |
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 | $86,303 |
| Investment income | $0 |
| 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 | $86,303 |
| 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. | $9,343 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,537 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $492 |
| Payroll taxes | $1,672 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $357 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,388 |
| Advertising and promotion | $0 |
| Office expenses | $8,945 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,660 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,161 |
| All other expenses | $0 |
| Total functional expenses | $42,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,438 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,438 |
| Accounts payable and accrued expenses | $9,488 |
| 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 | $55,061 |
| Total liabilities | $64,549 |
| Net assets without donor restrictions | -$43,111 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $21,438 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ny Creates Albany, NY | $99,965 | $4,450,000 |
Western New York Technology Development Center Inc Buffalo, NY | $1,286,247 | $2,858,472 |
The Asme Foundation Inc New York, NY | $33,818,246 | $3,028,197 |
Cortico Corporation Boston, MA | $3,352,303 | $987,674 |
Mit Real Estate Foundation Inc Cambridge, MA | $3,185,000 | -$155,000 |
Hudson Valley Technology Development Center Inc Newburgh, NY | $824,479 | $1,255,790 |
International First Committee Association Manchester, NH | $2,287,995 | $919,576 |
Engineering Conferences International Inc New York, NY | $3,118,614 | $313,156 |
Brokaw Family Foundation Merrimack, NH | $4,131,332 | $152,642 |
New Hampshire Tech Alliance Manchester, NH | $288,906 | $429,424 |
Illuminating Engineering Society New York, NY | $1,760,270 | $405,029 |
Open Environmental Data Inc Hudson, NY | $569,068 | $817,377 |