Technology Accelerator Company
- Assets
- $1.2m
- Revenue
- $382.4k
- Investments
- $183.3k
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 08/2015
- Data as of
- 12/2021
- EIN
- 47-3346654
Organization Overview
Technology Accelerator Company is located in Charleston, SC. The organization was established in 2015. According to its NTEE Classification (H92) the organization is classified as: Biomedicine & Bioengineering Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Technology Accelerator Company 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 12/2021, Technology Accelerator Company generated $382.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT BIOMEDICAL INNOVATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCES IN MEDICAL RESEARCH FOR CHARITABLE PURPOSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Olanoff Chair / Director | Trustee | 5 | $0 |
Michael Yost PHD Director | Trustee | 1 | $0 |
Jacobo Mintzer MD Director | Trustee | 1 | $0 |
G Thomas Finnegan III Director | Trustee | 1 | $0 |
Andrea H Marshall Director | Trustee | 1 | $0 |
Robert Mcquade Director | 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 | $325,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $325,000 |
| Total Program Service Revenue | $0 |
| Investment income | $2,588 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $54,859 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $382,447 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $836 |
| All other expenses | $0 |
| Total functional expenses | $3,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $100,529 |
| 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 | $183,317 |
| Investments—program-related | $951,690 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,235,536 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $1,235,536 |
| Total liabilities and net assets/fund balances | $1,235,536 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Technology Accelerator Company has recieved totaling $325,000.
| Awarding Organization | Amount |
|---|---|
Elliot And Eleanor Foundation Kiawah Island, SC PURPOSE: GENERAL SUPPORT OF PROGRAMS | $325,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Emtech Inc Atlanta, GA | $29,330,405 | $2,880,833 |
Health Research Alliance Inc Research Triangle Park, NC | $1,337,477 | $512,240 |
The Ruth K Broad Biomedical Research Foundation Inc Durham, NC | $19,461,345 | $586,039 |
North Carolina Association For Biomedical Research Raleigh, NC | $695,000 | $534,428 |
Open Humans Foundation Sanford, NC | $245,591 | $0 |
Augusta Biomedical Research Corporation Augusta, GA | $374,758 | $102,169 |
Technology Accelerator Company Charleston, SC | $1,235,536 | $382,447 |