Missouri Corporation For Science And Technology
- Assets
- $113.5m
- Revenue
- $57.6m
- Investments
- $0.0
- Employees
- 6
- Location
- Jefferson City, MO
- Founding
- 01/1986
- Data as of
- 06/2023
- EIN
- 43-1341372
Organization Overview
Missouri Corporation For Science And Technology is located in Jefferson City, MO. The organization was established in 1986. According to its NTEE Classification (V30) the organization is classified as: Interdisciplinary Research, under the broad grouping of Social Science and related organizations. As of 06/2023, Missouri Corporation For Science And Technology employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Missouri Corporation For Science And Technology 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 06/2023, Missouri Corporation For Science And Technology generated $57.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $19.6m during the year ending 06/2023. While expenses have increased by 8.9% 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.
Since 2015, Missouri Corporation For Science And Technology has awarded 225 individual grants totaling $71,691,553. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MTC PROMOTES ENTREPRENEURSHIP AND FOSTERS THE GROWTH OF HIGH-TECH COMPANIES IN MISSOURI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ADVANCED MANUFACTURING RESILIENCY GRANT PROGRAM PROVIDES GRANT-BASED FUNDING FOR THE CREATION OF INFRASTRUCTURE FOR INDUSTRIES THAT ARE FUNDAMENTAL TO THE NATIONAL SECURITY OF THE UNITED STATES WHERE THE MANUFACTURING OF ESSENTIAL PRODUCTS HAS BECOME RELIANT ON PRODUCTION OUTSIDE OF THE UNITED STATES. THE PROGRAM FOCUSES ON SUCH MANUFACTURING WHERE MISSOURI HAS AN INHERENT CONNECTION OR ADVANTAGE CREATING AN ENVIRONMENT FOR SIGNIFICANT GROWTH IN MISSOURI'S ECONOMY, INCLUDING BUT NOT LIMITED TO ADVANCED AND INNOVATIVE MANUFACTURING OF ACTIVE PHARMACEUTICAL INGREDIENTS AND SEMICONDUCTORS.
THE LEWIS AND CLARK DISCOVERY INITIATIVE PROVIDES FUNDS TO THE MISSOURI TECHNOLOGY CORPORATION TO PROVIDE LOANS AND GRANTS TO HIGH-TECH SMALL BUSINESS LOCATED IN MISSOURI.THE STATE SMALL BUSINESS CREDIT INITIATIVE (SSBCI) IS A PROGRAM ADMINISTERED BY THE U.S. DEPARTMENT OF TREASURY TO SUPPORT STATE PROGRAMS TO INCREASE THE AMOUNT OF PRIVATE CAPITAL MADE AVAILABLE TO SMALL BUSINESSES AND TO COVER REASONABLE ADMINISTRATIVE EXPENSES. MTC USES THE SSBCI PROGRAM TO SUPPORT THE HIGH-TECH MISSOURI INNOVATION, DEVELOPMENT AND ENTREPRENEURIAL ADVANCEMENT (IDEA) SEED AND VENTURE CAPITAL FUNDS DESIGNED TO HELP HIGH-TECH MISSOURI ENTREPRENEURS TO ACCELERATE PRIVATE INVESTMENT IN MISSOURI TECHNOLOGY EARLY-STAGE COMPANIES AND TO CREATE NEW, HIGH-TECH JOBS IN THE STATE.THE NATIONAL GEOSPATIAL-INTELLIGENCE AGENCY (NGA) IS A UNIQUE COMBINATION OF INTELLIGENCE AGENCY AND COMBAT SUPPORT AGENCY. NGA SEEKS TO ADVANCE ITS TECHNOLOGY TRANSFER EFFORTS FOR THE COMMERCIALIZATION OF FEDERALLY DEVELOPED TECHNOLOGY. THROUGH A PARTNERSHIP WITH THE MISSOURI TECHNOLOGY CORPORATION (MTC), NGA WILL ENGAGE WITH PARTNERS IN THE GREATER ST. LOUIS REGION TO DRIVE INNOVATION IN GEOSPATIAL TECHNOLOGY THROUGH COLLABORATION AND A TRANSFER OF TECHNOLOGY AND SUBJECT MATTER EXPERTISE. THE MTC HAS BEEN TASKED WITH LAUNCHING AND COORDINATING COMPETITIVE PROGRAMS DESIGNED TO DELIVER INNOVATIVE AND COMMERCIALLY VIABLE SOLUTIONS THAT EITHER MATCH NGA'S OR THEIR CUSTOMER'S CURRENT AND FUTURE TECHNOLOGY NEEDS.
THE MISSOURI TECHNOLOGY INVESTMENT PROGRAM FUNDS INNOVATION CENTERS AROUND THE STATE WHOSE PURPOSE IS TO PROVIDE VITAL SERVICES TO TECHNOLOGY STARTUPS OFFERING AN ENVIRONMENT TO FOSTER GROWTH TO A POINT WHERE THESE STARTUPS ARE MORE LIKELY TO RECEIVE VENTURE INVESTMENTS, CORPORATE AND GOVERNMENT CONTRACTS, AND EVENTUALLY ENTER THE MARKETPLACE. THIS FUNDING SOURCE ALSO SUPPORTS MTC'S CAPITAL FORMATION PROGRAM, THE IDEA FUNDS WHICH PROVIDE CO-INVESTMENT TO ELIGIBLE HIGH-TECH, EARLY STAGE AND STARTUP COMPANIES AND ITS MISSOURI BUILDING ENTREPRENEURIAL CAPACITY (MOBEC) PROGRAM WHICH PROVIDES GRANT FUNDING TO REGIONAL AND LOCAL NON-PROFIT ORGANIZATIONS AND HIGHER EDUCATION INSTITUTIONS TO SUPPORT INITIATIVES THAT ASSIST ENTREPRENEURS OR ENHANCES MISSOURI'S RESEARCH AND COMMERCIALIZATION CAPABILITIES.
THE STATE SMALL BUSINESS CREDIT INITIATIVE (SSBCI 2.0) IS A PROGRAM ADMINISTERED BY THE U.S. DEPARTMENT OF TREASURY TO SUPPORT STATE PROGRAMS TO INCREASE THE AMOUNT OF PRIVATE CAPITAL MADE AVAILABLE TO SMALL BUSINESSES AND TO COVER REASONABLE ADMINISTRATIVE EXPENSES. MTC USES THE SSBCI PROGRAM FUNDS TO SUPPORT ITS INNOVATION, DEVELOPMENT, AND ENTREPRENEURIAL ADVANCEMENT (IDEA) FUND CO-INVESTMENT PROGRAM WHICH MAKES DIRECT INVESTMENTS INTO MISSOURI-BASED TECHNOLOGY STARTUPS FOR THE PURPOSE OF SUPPORTING TECHNOLOGY AND BUSINESS DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Baker Secretary/treasurer | OfficerTrustee | 2.5 | $0 |
John Scatizzi Executive Director | OfficerTrustee | 40 | $120,417 |
Stephanie Regagnon Director | Trustee | 0.5 | $0 |
Tom Spencer Director | Trustee | 0.5 | $0 |
Ajay K Jhamb Director | Trustee | 0.5 | $0 |
Allen Dillingham Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Capital Innovators Accelerator Llc Educational Services | 6/29/23 | $490,000 |
Thompson Coburn Legal | 6/29/23 | $148,544 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,219,323 |
| 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 | $50,219,323 |
| Total Program Service Revenue | $0 |
| Investment income | $702,824 |
| 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 | $57,612,488 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,107,651 |
| 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. | $145,867 |
| Compensation of current officers, directors, key employees. | $16,004 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $361,445 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $36,113 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $195,770 |
| Fees for services: Accounting | $28,538 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $614,430 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,854 |
| Travel | $17,878 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,805 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,819 |
| All other expenses | $325 |
| Total functional expenses | $19,605,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,219,215 |
| Savings and temporary cash investments | $10,214,432 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,384,775 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,375,415 |
| Investments—other securities | $0 |
| Investments—program-related | $28,269,034 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $113,462,871 |
| Accounts payable and accrued expenses | $0 |
| 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 | $14,501,626 |
| Total liabilities | $14,501,626 |
| Net assets without donor restrictions | $31,490,006 |
| Net assets with donor restrictions | $67,471,239 |
| 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 | $113,462,871 |
Grants Awarded
Over the last fiscal year, Missouri Corporation For Science And Technology has awarded $18,107,651 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BRUSH CREEK ENTERPRISE CENTER PURPOSE: MTC GRANTED FUNDING FOR THE OPERATION OF AN INNOVATION CENTER IN KANSAS CITY, MISSOURI | $124,845 |
CITY OF KIRKSVILLE - INNOVATION CENTER PURPOSE: MTC GRANTED FUNDING FOR THE OPERATION OF AN INNOVATION CENTER IN KIRKSVILLE, MISSOURI | $21,743 |
JOPLIN AREA CHAMBER OF COMMERCE PURPOSE: MTC GRANTED FUNDING FOR THE OPERATION OF AN INNOVATION CENTER IN JOPLIN, MISSOURI | $56,160 |
CENTER FOR EMERGING TECHNOLOGIES PURPOSE: MTC GRANTED FUNDING FOR THE OPERATION OF AN INNOVATION CENTER IN ST. LOUIS, MISSOURI | $206,902 |
JOPLIN AREA CHAMBER OF COMMERCE PURPOSE: MTC GRANTED FUNDING TO EXPAND ENTREPRENEURIAL CAPACITY IN JOPLIN, MISSOURI | $50,000 |
MISSOURI ENTERPRISE PURPOSE: MTC GRANTED FUNDING FOR THE OPERATION OF MISSOURI'S MANUFACTURING EXTENSION PARTNERSHIP PROGRAM | $539,747 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Missouri Corporation For Science And Technology Jefferson City, MO | $113,462,871 | $57,612,488 |
Shared-Use Mobility Center Chicago, IL | $1,040,595 | $2,658,432 |
Arkansas Science Fair Assoc Inc Conway, AR | $62,222 | $0 |
One Body Collaboratives Inc Rockford, IL | $87,992 | $0 |
Fahmeeda & Atique Foundation Little Rock, AR | $5,459 | $92,250 |
American Chemical Society Lawrence, KS | $279,898 | $0 |
Metroplex Institute Of Origin Science Inc Maumelle, AR | $65,654 | $0 |
Iowa Association Of Family & Consumer Sciences Webster City, IA | $80,679 | $9,276 |