Technology Innovation Center Inc in Evanston, Illinois (IL)

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Technology Innovation Center Inc
Employer Identification Number (EIN)363797555
Name of OrganizationTechnology Innovation Center Inc
Address820 Davis St Ste 101, Evanston, IL 60201-4400
ActivitiesArea development, redevelopment of renewal
SubsectionCharitable Organization
Ruling Date11/1992
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$10,000 to $24,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$14,371
Amount of Income$167,411
Form 990 Revenue Amount$167,411
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Management Services for Small Business, Entrepreneurs


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Amount of income in 2012: $167,411 (it was $165,428 in 2011)
This organization: 

 $167,411
Other organizations performing similar types of work: 

 $589,932

Assets in 2012: $14,371 (it was $17,108 in 2011)
Technology Innovation Center Inc: 

 $14,371
Other organizations performing similar types of work: 

 $2,579,743

Expenses in 2012: $170,148
This organization: 

 $170,148
Other organizations performing similar types of work: 

 $707,205

Income to expenses ratio in 2012: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.0

Number of employees in 2012: 1
This organization: 

 1
Other organizations performing similar types of work: 

 5

Grants share in income in 2012: 65.4%
This organization: 

 65.4%
Other organizations performing similar types of work: 

 1.3%

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$167,411
Contributions, Gifts, Grants and Other Similar Amounts$109,424
Program Service Revenue$57,987
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$170,148
Compensation of current officers, directors, trustees, and key employees$45,993
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$124,155
Balance Sheet (for 2012)
Total assets$14,371
Total liabilities$115,028
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$115,027
Unsecured notes and loans payable to unrelated third parties$0
Other$1
Total net assets or fund balances$-100,657
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$637,714
Gifts, grants, contributions, and membership fees received$637,714
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Cdc Small Business Finance Corp2448 Historic Decatur Rd Ste 200, San Diego, CA 92106-6116CA1981-09$20,045,184
2Ben Franklin Technology Center Of Southeastern Pennsylvania4800 S 13th St Ste 200, Philadelphia, PA 19112-1324PA1989-07$12,561,855
3Tulsa Economic Development Corporation125 West Third St 2nd Floor, Tulsa, OK 74103-3427OK1981-04$4,973,614
4Worcester Business Development Corporation89 Shrewsbury St Ste 300, Worcester, MA 01604-4655MA1966-09$4,652,885
5Florida First Capital Finance Corporation IncPO BOX 4166, Tallahassee, FL 32315-4166FL1985-10$4,250,410
6Houston Business Development Inc, Houston Small Business Development5330 Griggs Rd, Houston, TX 77021-3700TX1993-07$3,858,193
7Renaissance Entrepreneurship Center275 5th St, San Francisco, CA 94103-4117CA1982-05$3,516,992
8Trickle Up Program Inc104 W 27th St, New York, NY 10001-6210NY1981-06$3,430,569
9South Eastern Economic Dev Corp80 Dean St, Taunton, MA 02780-2713MA1983-04$3,303,596
10Twin Cities-Metro Certified Development Company3495 Vadnais Center Dr, Vadnais Hts, MN 55110-5194MN1995-06$3,048,020
11Business Finance Capital, Business Finance Center1055 W 7th St Ste 2250, Los Angeles, CA 90017-2774CA1992-03$2,294,327
12Regional Business Fund Inc800 Wisconsin St Unit 9, Eau Claire, WI 54703-3521WI1995-11$430,973
13Tacoma Empowerment Consortium, Tec950 Pacific Ave Ste 300, Tacoma, WA 98402-4420WA1996-10$341,537
14Technology Innovation Center Inc820 Davis St Ste 101, Evanston, IL 60201-4400IL1992-11$167,411
15Americas Economic Development Venture For Area Neighborhood Comm, Advance12402 Philadelphia St, Whittier, CA 90601-3932CA1995-02$0
16Global Economic Outreach IncPo Box 12778, Wilmington, NC 28405NC2000-07$0
17Municipal Economic Development Agency27 W Main St, New Britain, CT 06051-4207CT1981-09$0
18Technology Advocates Of San Antonio7703 Floyd Curl Dr Msc 7823, San Antonio, TX 78229-3901TX1999-04$0
19Turtle Mountain Community Development Foundation IncPO BOX 1329, Belcourt, ND 58316-1329ND1992-03$0
20Womens Resource Center Inc, Womens Resource Center3300 Canal St Ste 200, New Orleans, LA 70119-6277LA1999-06$0
Number of organizations performing similar types of work
Alabama1
Arizona1
California12
Colorado1
Connecticut1
Delaware1
Florida1
Illinois1
Indiana2
Louisiana1
Massachusetts4
Minnesota2
Missouri1
Mississippi2
Montana2
North Carolina4
North Dakota1
New Jersey2
New York3
Ohio4
Oklahoma1
Oregon2
Pennsylvania3
South Carolina1
South Dakota2
Texas2
Utah1
Virginia1
Washington2
Wisconsin2
West Virginia2
Total66

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