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Nonprofiteer
← CENTER FOR EMERGING TECHNOLOGIES

Form 990 for tax year 2022

Filed by CENTER FOR EMERGING TECHNOLOGIES.

Totals

Total revenue
$2,599,483
Total expenses
$10,815,319
Contributions and grants received
$314,707
Grants paid
$7,540
Program service revenue
$2,276,798
Investment income
$7,978
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$10,561,226
Management and general expenses
$199,323
Fundraising expenses
$54,770
Program service expenses (Part III)
$10,561,226

Program services were 97.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $314,707

  • 1g · Noncash contributions included above

    $15,305

  • 2a · Program service revenue: OFFICE & LAB RENT

    total $2,276,798 · related or exempt $2,276,798

  • 3 · Investment income

    total $7,978 · excluded $7,978

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,000 · program services $5,000

  • 2 · Grants to domestic individuals

    total $2,540 · program services $2,540

  • 7 · Other salaries and wages

    total $1,127,172 · program services $1,003,435 · management and general $78,075 · fundraising $45,662

  • 9 · Other employee benefits

    total $136,147 · program services $121,202 · management and general $9,430 · fundraising $5,515

  • 10 · Payroll taxes

    total $88,692 · program services $78,956 · management and general $6,143 · fundraising $3,593

  • 11a · Fees: management

    total $240,000 · program services $223,200 · management and general $16,800

  • 11b · Fees: legal

    total $18,532 · program services $9,049 · management and general $9,483

  • 11c · Fees: accounting

    total $53,676 · program services $26,208 · management and general $27,468

  • 11g · Fees: other

    total $71,754 · program services $35,035 · management and general $36,719

  • 12 · Advertising and promotion

    total $9,310 · program services $9,310

  • 13 · Office expenses

    total $16,476 · program services $16,385 · management and general $91

  • 14 · Information technology

    total $49,975 · program services $49,475 · management and general $500

  • 16 · Occupancy

    total $769,018 · program services $761,338 · management and general $7,680

  • 17 · Travel

    total $6,320 · program services $6,320

  • 20 · Interest

    total $2,460 · program services $2,435 · management and general $25

  • 22 · Depreciation, depletion and amortization

    total $334,883 · program services $331,534 · management and general $3,349

  • 23 · Insurance

    total $49,781 · program services $47,292 · management and general $2,489

  • 24a · Other expenses: DISSOLUTION AND TRANSFE

    total $7,726,481 · program services $7,726,481

  • 24b · Other expenses: TAXES & LICENSES

    total $107,062 · program services $105,991 · management and general $1,071

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $40 · program services $40

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $260,672 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $1,395,386 · end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $1,735 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,642 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $7,361,627 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $13,627 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $87,167 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $73,466 · end of year $0

  • 25 · Other liabilities

    beginning of year $668,220 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $8,210,836 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $5,000 · end of year $0

Mission and programs · 2022

Mission

PROMOTE THE CREATION & GROWTH OF NEW BUSINESSES AND INDUSTRY BASED UPON SCIENTIFIC & TECHNOLOGICAL INNOVATIONS, PROMOTE SCIENTIFIC & TECHNOLOGICAL RESEARCH & ASSIST SCIENTIFIC & TECHNOLOGICAL INNOVATORS IN FINDING SOURCES OF FUNDS FOR DEVELOPMENT OF THEIR INNOVATIONS.

Activities or mission (Part I)

PROMOTE THE CREATION & GROWTH OF NEW BUSINESSES & INDUSTRY BASED UPON SCIENTIFIC & TECHNOLOGICAL INNOVATIONS, TO PROMOTE SCIENTIFIC & TECHNOLOGICAL RESEARCH AND TO ASSIST SCIENTIFIC & TECHNOLOGICAL INNOVATORS IN FINDING SOURCES OF FUNDS FOR DEVELOPMENT OF THEIR INNOVATIONS.

  • THE CENTER'S PURPOSE IS TO SERVE THE METROPOLITIAN ST. LOUIS AREA AND THE STATE OF MISSOURI BY WORKING TO DEVELOP THE INFASTRUCTURE NECESSARY TO ESTABLISH AND DEVELOP NEXT GENERATION MEDICAL AND ADVANCED TECHNOLOGY COMPANIES. THE CENTER PROVIDES SPECIALIZED OFFICE AND LAB FACILITIES, KNOWLEDGEABLE SUPPORT SERVICES, ENTREPRENEUR EDUCATION AND TRAINING OPORTUNITIES, AND ACCESS TO LOCAL AND OUT-OF-TOWN VENTURE CAPITAL. CET HAS ONGOING COOPERATIVE ARRANGEMENTS WITH MISSOURI TECHNOLOGY CORPORATION AND THE CITY OF ST. LOUIS. CET LEASED AND OPERATED FACILITIES AT OR NEAR COST TO APPROXIMATELY 150 PERSONS AND FIRMS THAT ARE ATTEMPTING TO DEVELOP SCIENTIFIC OR TECHNOLOGIAL INNOVATIONS INTO SUCCESSFUL BUSINESSES; PROVIDED CLERICAL & ADMINISTRATIVE SERVICE AT OR NEAR COST.

    Expenses $10,561,226 · Grants $7,540 · Revenue $2,274,134

  • ENTREPRENEURIAL DEVELOPMENT PROGRAMS - SQUARE ONE, LEVEL NEXT AND HOUSE OF GENIUS

    Revenue $2,664

As filed on the 2022 return.

Listed in Part VII

  • Dr Blanche M Touhill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Brian L Clevinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Christopher Spilling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mr Dale E Ruthsatz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mr Jeffrey E Peterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mr Jeffrey M McDonnell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mr Maurice Foxworth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Nasser Arshadi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mr Steven C Roberts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mr Richard Cd Fleming

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Sam Fiorello

    PRESIDENT

    Total calculated
    $459,901
    From this org
    $0
    From related orgs
    $415,000
    Other
    $44,901
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $415,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $14,401 related
    Filer's total
    $0 + $459,901 related

  • Mike Bozovich

    SECRETARY

    Total calculated
    $224,716
    From this org
    $0
    From related orgs
    $195,361
    Other
    $29,355
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $195,361 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,536 related
    Nontaxable benefits
    $0 + $9,819 related
    Filer's total
    $0 + $224,716 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • CORTEX

    501(C)(3) · ACQUIRE, DEVELOP, PROMOTE, FINANCE & MARKET PROPERTIES FOR CORTEX · MO

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • EMERGING TECHNOLOGIES BUILDING II LLC

    REAL ESTATE · MO

    Directly controlled by CENTER FOR EMERGING TECHNOLOGIES

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • CORTEX

    $2,333,425

    Liquidation · CASH · Dec 31, 2022 · 501(C)(3)

  • CORTEX

    $14,722

    Liquidation · PREPAID EXPENSES · Dec 31, 2022 · 501(C)(3)

  • CORTEX

    $15,819

    Liquidation · ACCOUNTS RECEIVABLE · Dec 31, 2022 · 501(C)(3)

  • CORTEX

    $994,598

    Liquidation · LAND & IMPROVEMENTS · Dec 31, 2022 · 501(C)(3)

  • CORTEX

    $6,040,883

    Liquidation · BUILDINGS & IMPROVEMENTS · Dec 31, 2022 · 501(C)(3)

  • CORTEX

    $29,012

    Liquidation · EQUIPMENT & FIXTURES · Dec 31, 2022 · 501(C)(3)

  • CORTEX

    -$1,475,992

    Liquidation · ACCOUNTS PAYABLE · Dec 31, 2022 · 501(C)(3)

  • CORTEX

    -$12,124

    Liquidation · DEFERRED REVENUE · Dec 31, 2022 · 501(C)(3)

  • CORTEX

    -$213,862

    Liquidation · SECURITY DEPOSITS · Dec 31, 2022 · 501(C)(3)

Provenance

Return type
form_990
Tax year
2022
Filed
12 June 2023
IRS schema version
2022v5.0
Source object
202311639349301021

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