Lawrence Regional Technology Center Inc
- Assets
- $432.4k
- Revenue
- $16.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lawrence, KS
- Founding
- 01/1995
- Data as of
- 12/2023
- EIN
- 48-1150844
Organization Overview
Lawrence Regional Technology Center Inc is located in Lawrence, KS. The organization was established in 1995. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Lawrence Regional Technology Center 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, Lawrence Regional Technology Center Inc generated $16.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (36.5%) each year. All expenses for the organization totaled $13.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SERVICES TO HIGH-TECH START-UP COMPANIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EDUCATIONAL AND SCIENTIFIC RESEARCH SERVICES TO ASSIST THE DEVELOPMENT OF START-UP BUSINESSES TO BECOME VIABLE COMPANIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Courtney President | 40 | $0 | |
Kate Chinn Director | 1 | $0 | |
Mike Dever Director | 1 | $0 | |
Douglas Girod Director | 1 | $0 | |
Karen Willey Director | 1 | $0 | |
Robert Johnson Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,900 |
| Total operating and administrative expenses | $13,900 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $13,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,465 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $368,876 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,036 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $432,377 |
| Accounts payable and accrued expenses | $48,201 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $48,201 |