Center For Technology Research And Commercialization
- Assets
- $119.1k
- Revenue
- $410.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Monument, CO
- Founding
- 11/2015
- Data as of
- 12/2023
- EIN
- 47-5184860
Organization Overview
Center For Technology Research And Commercialization is located in Monument, CO. The organization was established in 2015. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 12/2023, Center For Technology Research And Commercialization employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Technology Research And Commercialization 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, Center For Technology Research And Commercialization generated $410.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $375.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 8 years. 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
TO ENHANCE ECONOMIC OPPORTUNITIES WITH DATA-DRIVEN STRATEGIES THAT INFORM COMMUNITY AND WORKFORCE DEVELOPMENT INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DDES PROVIDES IN-DEPTH ECONOMIC REPORTS TO COMMUNITIES IN COLORADO TO HELP EDUCATE CITIZENS, BUSINESSES, AND GOVERNMENT ON THE NATIONAL, STATE, AND LOCAL ECONOMIES. THE UNBIASED, GOVERNMENT-SOURCED INFORMATION HELPS INFORM DECISION MAKING AND THUS HELPS GUIDE ECONOMIC AND WORKFORCE DEVELOPMENT INITIATIVES. WITHIN COLORADO SPRINGS, THE REPORTS ARE PROVIDED TO THE BROADER COMMUNITY AS A (CHARITABLE) PUBLIC SERVICE ALTHOUGH SPONSOR ORGANIZATIONS SUPPORT THE WORK OF DDES TO MAKE THE ECONOMIC REPORTING FREE TO THE PUBLIC AT LARGE. IN TWO OTHER COMMUNITIES, DDES HAS CONTRACTS TO PROVIDE THE MONTHLY ECONOMIC REPORTING. IN ALL CASES, DDES STAFF ROUTINELY PROVIDE GRATIS TECHNICAL ASSISTANCE AND MASS MEDIA EDUCATION ON HOW TO INTERPRET THE DATA AND USE IT PROACTIVELY. IN ADDITION TO THE WRITTEN ECONOMIC REPORTS (AND ASSOCIATED TECHNICAL ASSISTANCE) DDES DOES ECONOMIC PRESENTATIONS, WEEKLY NEWSPAPER AND OTHER WRITTEN MASS MEDIA ARTICLES, AND A WEEKLY TV ECONOMIC UPDATE. THESE ARE ALL DONE TO EDUCATE THE COMMUNITY ABOUT THE LATEST ECONOMIC DATA AND HOW IT IMPACTS THEM. DDES ALSO PROVIDES DETAILED LABOR MARKET DATA FOR VARIOUS K-12 SCHOOL DISTRICTS AND HIGHER EDUCATIONAL INSTITUTIONS TO HELP INFORM THEIR CAREER-TECHNICAL EDUCATION (CTE) PROGRAMS. ADDITIONALLY, DDES WORKS WITH EDUCATIONAL LEADERS TO INCREASE ACCESS TO POST-SECONDARY EDUCATION ESPECIALLY TARGETING AT-RISK COMMUNITIES. RIGOROUS, SOCIAL SCIENCE METHODOLOGIES ARE USED BY DDES TO COMPILE THE ECONOMIC AND WORKFORCE DATA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tatiana Bailey Executive Dir. | Trustee | 40 | $213,077 |
Nicole Carter Director | Trustee | 1 | $0 |
Rebecca Wilder Director | Trustee | 20 | $0 |
Lance Bolton PHD Director | Officer | 1 | $0 |
Shawn Gullixson Director | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Colorado Small Business Development Program Management | 12/30/18 | $154,064 |
Govirg Accting, Finance, Hr | 12/30/18 | $103,309 |
Linquest Program Support | 12/30/18 | $110,402 |
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 | $186,580 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,580 |
| Total Program Service Revenue | $223,378 |
| Investment income | $0 |
| 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 | $409,958 |
| 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. | $213,077 |
| Compensation of current officers, directors, key employees. | $21,308 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,999 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,571 |
| Payroll taxes | $22,504 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,743 |
| Fees for services: Accounting | $950 |
| 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 | $904 |
| Information technology | $6,480 |
| Royalties | $0 |
| Occupancy | $750 |
| Travel | $94 |
| 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 | $1,640 |
| All other expenses | $0 |
| Total functional expenses | $375,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,125 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,000 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $119,125 |
| Accounts payable and accrued expenses | $15,720 |
| 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 | $15,720 |
| Net assets without donor restrictions | $103,405 |
| 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 | $119,125 |