Techgrowth Ohio Fund

Organization Overview

Techgrowth Ohio Fund is located in Athens, OH. The organization was established in 2020. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Techgrowth Ohio Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TECHGROWTH OHIO FUND IS A VENTURE FUND THAT WAS BORNE OUT OF THE TECHGROWTH OHIO PROGRAM. THE TECHGROWTH OHIO PROGRAM IS AN ESSENTIAL PART OF THE ENTREPRENEURSHIP-RELATED MISSION OF THE VOINOVICH SCHOOL AND RESEARCH COMMERCIALIZATION EFFORTS OF OHIO UNIVERSITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TECHGROWTH OHIO FUND PROVIDES PRE-SEED CAPITAL FUNDS TO ASSIST IN THE PROMOTION OF HIGHER PAYING OCCUPATIONS, INCLUDING HIGH TECHNOLOGY AND NEW-ECONOMY CAREERS, IN THE SOUTHEAST OHIO AREA. THESE CAREERS WILL ENHANCE THE ABILITY OF THE SOUTHEAST OHIO AREA TO ATTRACT NEW INDUSTRY AND PROVIDE USEFUL PRODUCTS AND SERVICES THAT SUPPORT ECONOMIC GROWTH, NEW JOBS, AND BUSINESS EXPANSION.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$574
Government grants $573
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$1,147
Total Program Service Revenue$0
Investment income $2,239,571
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 $2,240,718

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