Materials Technology Institute Inc
- Assets
- $3.9m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 10
- Location
- Saint Louis, MO
- Founding
- 04/1978
- Data as of
- 12/2023
- EIN
- 13-2892392
Organization Overview
Materials Technology Institute Inc is located in Saint Louis, MO. The organization was established in 1978. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Materials Technology Institute Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Materials Technology Institute Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Materials Technology Institute Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 0.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COOPERATIVE RESEARCH PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MTI REPRESENTS PRIVATE INDUSTRY TO CONDUCT GENERIC NON-PROPRIETARY STUDIES ON THE DETERIORATION OF MATERIALS AND EQUIPMENT USED IN THE CHEMICAL PROCESS INDUSTRIES. ANNUALLY, VARIOUS PROJECTS ARE STARTED, COMPLETED AND UPDATED FOR THIS PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Allain Executive Director | OfficerTrustee | 32 | $143,150 |
David Barber Bod Chair | Trustee | 1 | $0 |
Bill Bieber Board Member | Trustee | 1 | $0 |
Dale Heffner Board Member | Trustee | 1 | $0 |
Alex Chen Asiatac Vice Chair | Trustee | 1 | $0 |
Tzu-Ping Cheng Asiatac Chair | Trustee | 1 | $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 | $2,445,391 |
| Investment income | $84,155 |
| 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 | $2,556,624 |
| 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. | $557,922 |
| Compensation of current officers, directors, key employees. | $153,969 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $310,189 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $64,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,856 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $29,913 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,575 |
| Travel | $172,299 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $122,680 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,633 |
| Insurance | $17,854 |
| All other expenses | $185,086 |
| Total functional expenses | $2,177,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,616,662 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,000 |
| 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 | $40,822 |
| Net Land, buildings, and equipment | $82,898 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $164,681 |
| Total assets | $3,908,063 |
| Accounts payable and accrued expenses | $71,332 |
| Grants payable | $0 |
| Deferred revenue | $791,475 |
| 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 | $179,268 |
| Total liabilities | $1,042,075 |
| Net assets without donor restrictions | $2,865,988 |
| 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 | $3,908,063 |