Technology & Entrepreneurship Center Of Houston Inc

Organization Overview

Technology & Entrepreneurship Center Of Houston Inc, operating under the name Houston Exponential And Houston Tech, is located in Houston, TX. The organization was established in 1999. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2020, Houston Exponential And Houston Tech employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Exponential And Houston Tech 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 12/2020, Houston Exponential And Houston Tech generated $380.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (28.0%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

ACCELERATE THE DEVELOPMENT AND GROWTH OF HOUSTON'S INNOVATION ECONOMY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATIONS AND MANAGEMENT OF INCUBATOR FACILITY TO PROVIDE BELOW MARKET RENTS TO STARTUPS AND MEETUP AND MEETING SPACE TO STARTUPS


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Board, Officers & Key Employees

Name (title)Compensation
Harvin Moore
CEO
$368,333
John W Sim
Vice President
$104,861
Joe Alapat
Director
$0
Barbara Burger
Board Chair
$0
Blair Garrou
Director
$0
Brian Richards
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Hyatt Regency Houston
Event Services
$122,611
Insperity Peo Services Lp
Payroll Processing
$1,935,267
View All Vendors

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$203,480
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$203,480
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $177,211
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 $380,691

Grants Awarded

Over the last fiscal year, Technology & Entrepreneurship Center Of Houston Inc has awarded $20,000 in support to 2 organizations.

Grant RecipientAmount

OHM INTERNATIONAL CORP

PURPOSE: INNOVATION AND COMMERCIALIZATION D

$10,000

INTEGRATED BIONICS LLC

PURPOSE: INNOVATION AND COMMERCIALIZATION

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Technology & Entrepreneurship Center Of Houston Inc has recieved totaling $59.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$59
View Grant Recipient Profile

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