Technology Entrepreneur Center Inc

Organization Overview

Technology Entrepreneur Center Inc, operating under the name Tec Inc, is located in St Louis, MO. The organization was established in 2004. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Tec Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tec 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 12/2023, Tec Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $4.2m during the year ending 12/2023. While expenses have increased by 16.7% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TEC OPERATES TO SUPPORT TECHNOLOGY BASED ENTREPRENEURS IN THE ST. LOUIS REGION.

Describe the Organization's Program Activity:

PROVIDE SERVICES AND TECHNICAL ASSISTANCE TO START UP COMPANIES IN AREAS DESIGNATED AS "DISTRESSED" COMMUNITIES AND TO ASSIST THOSE COMPANIES IN HIRING RESIDENTS OF THE "DISTRESSED" COMMUNITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Kit Bond
Director
$0
Michelle Stuckey
Director
$0
Neal Richardson
Director
$0
Scott Veit
Director
$0
Brian Monheiser
Director
$0
Mark Donavon
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$849,385
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,411,535
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,260,920
Total Program Service Revenue$0
Investment income $5,069
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$299,330
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $24,868
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,999,870

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