Form 990 for tax year 2023

Totals

Total revenue

$26,692,498

Total expenses

$18,202,028

Contributions and grants received

$25,129,299

Grants paid

$7,640,051

Program service revenue

$0

Investment income

$1,558,307

Other revenue

$4,892

Total assets, end of year

$120,554,240

Total liabilities, end of year

$13,102,525

Net assets or fund balances, end of year

$107,451,715

Program services expenses (Part IX)

$10,812,577

Management and general expenses

$7,389,451

Fundraising expenses

$0

Program service expenses (Part III)

$10,812,577

Program services were 59.4% 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.

Mission and programs · 2023

• THE ADVANCED MANUFACTURING RESILIENCY GRANT PROGRAM PROVIDES GRANT-BASED FUNDING FOR THE CREATION OF INFRASTRUCTURE FOR INDUSTRIES THAT ARE FUNDAMENTAL TO THE NATIONAL SECURITY OF THE UNITED STATES WHERE THE MANUFACTURING OF ESSENTIAL PRODUCTS HAS BECOME RELIANT ON PRODUCTION OUTSIDE OF THE UNITED STATES. THE PROGRAM FOCUSES ON SUCH MANUFACTURING WHERE MISSOURI HAS AN INHERENT CONNECTION OR ADVANTAGE CREATING AN ENVIRONMENT FOR SIGNIFICANT GROWTH IN MISSOURI'S ECONOMY, INCLUDING BUT NOT LIMITED TO ADVANCED AND INNOVATIVE MANUFACTURING OF ACTIVE PHARMACEUTICAL INGREDIENTS AND SEMICONDUCTORS.

  Expenses $95,731

• THE MISSOURI TECHNOLOGY INVESTMENT PROGRAM FUNDS: (1) MTC'S CAPITAL FORMATION PROGRAM, THE IDEA FUND WHICH PROVIDES CO-INVESTMENT TO ELIGIBLE HIGH-TECH, EARLY-STAGE, AND STARTUP COMPANIES;(2) THE MISSOURI BUILDING ENTREPRENEURIAL CAPACITY (MOBEC) GRANT PROGRAM WHICH PROVIDES GRANT FUNDING TO REGIONAL AND LOCAL NON-PROFIT ORGANIZATIONS AND HIGHER EDUCATION INSTITUTIONS TO SUPPORT INITIATIVES THAT ASSIST ENTREPRENEURS OR ENHANCES MISSOURI'S RESEARCH AND COMMERCIALIZATION CAPABILITIES; (3) THE PHYSICAL INFRASTRUCTURE GRANT PROGRAM WHICH PROVIDES PUBLIC FUNDING TO ENSURE ENTREPRENEURS THROUGHOUT THE STATE HAVE ACCESS TO PHYSICAL INFRASTRUCTURE AND RESOURCES REQUIRED TO LAUNCH AND GROW THEIR BUSINESSES; (4) THE REGIONAL NODE PLANNING GRANT PROVIDED PUBLIC SUPPORT FOR THE DEVELOPMENT OF REGIONAL NODES THROUGHOUT THE STATE, PROVIDING ENTREPRENEURS WITH DIRECT ACCESS TO THE RESOURCES NECESSARY TO LAUNCH AND GROW THEIR BUSINESSES; (5) MTC PROVIDES MISSOURI ENTERPRISE WITH THE STATE MATCHING FUNDS FOR THE FEDERAL MANUFACTURING EXTENSION PARTNERSHIP PROGRAM; (6) MTC PROVIDED PUBLIC FUNDING TO SUPPORT THE KC TECH HUB INITIATIVE AS IT PREPARED THE SUBMISSION OF A FEDERAL EDA PHASE 2 TECH HUBS GRANT; (7) THE SPONSORSHIP AND MEMBERSHIP PROGRAM WHICH PROVIDES FINANCIAL SUPPORT TO PROMOTE INNOVATION AND ENTREPRENEURSHIP IN MISSOURI.

  Expenses $10,216,278 · Grants $7,640,051

• THE STATE SMALL BUSINESS CREDIT INITIATIVE (SSBCI 2.0) IS A PROGRAM ADMINISTERED BY THE U.S. DEPARTMENT OF TREASURY TO SUPPORT STATE PROGRAMS TO INCREASE THE AMOUNT OF PRIVATE CAPITAL MADE AVAILABLE TO SMALL BUSINESSES AND TO COVER REASONABLE ADMINISTRATIVE EXPENSES. MTC USES THE SSBCI PROGRAM FUNDS TO SUPPORT ITS INNOVATION, DEVELOPMENT, AND ENTREPRENEURIAL ADVANCEMENT (IDEA) FUND CO-INVESTMENT PROGRAM WHICH MAKES DIRECT INVESTMENTS INTO MISSOURI-BASED TECHNOLOGY STARTUPS FOR THE PURPOSE OF SUPPORTING TECHNOLOGY AND BUSINESS DEVELOPMENT.

  Expenses $410,495

• THE LEWIS AND CLARK DISCOVERY INITIATIVE PROVIDES FUNDS TO THE MISSOURI TECHNOLOGY CORPORATION TO PROVIDE LOANS AND GRANTS TO HIGH-TECH SMALL BUSINESS LOCATED IN MISSOURI.THE STATE SMALL BUSINESS CREDIT INITIATIVE (SSBCI) IS A PROGRAM ADMINISTERED BY THE U.S. DEPARTMENT OF TREASURY TO SUPPORT STATE PROGRAMS TO INCREASE THE AMOUNT OF PRIVATE CAPITAL MADE AVAILABLE TO SMALL BUSINESSES AND TO COVER REASONABLE ADMINISTRATIVE EXPENSES. MTC USES THE SSBCI PROGRAM TO SUPPORT THE HIGH-TECH MISSOURI INNOVATION, DEVELOPMENT AND ENTREPRENEURIAL ADVANCEMENT (IDEA) SEED AND VENTURE CAPITAL FUNDS DESIGNED TO HELP HIGH-TECH MISSOURI ENTREPRENEURS TO ACCELERATE PRIVATE INVESTMENT IN MISSOURI TECHNOLOGY EARLY-STAGE COMPANIES AND TO CREATE NEW, HIGH-TECH JOBS IN THE STATE.THE NATIONAL GEOSPATIAL-INTELLIGENCE AGENCY (NGA) IS A UNIQUE COMBINATION OF INTELLIGENCE AGENCY AND COMBAT SUPPORT AGENCY. NGA SEEKS TO ADVANCE ITS TECHNOLOGY TRANSFER EFFORTS FOR THE COMMERCIALIZATION OF FEDERALLY DEVELOPED TECHNOLOGY. THROUGH A PARTNERSHIP WITH THE MISSOURI TECHNOLOGY CORPORATION (MTC), NGA WILL ENGAGE WITH PARTNERS IN THE GREATER ST. LOUIS REGION TO DRIVE INNOVATION IN GEOSPATIAL TECHNOLOGY THROUGH COLLABORATION AND A TRANSFER OF TECHNOLOGY AND SUBJECT MATTER EXPERTISE. THE MTC HAS BEEN TASKED WITH LAUNCHING AND COORDINATING COMPETITIVE PROGRAMS DESIGNED TO DELIVER INNOVATIVE AND COMMERCIALLY VIABLE SOLUTIONS THAT EITHER MATCH NGA'S OR THEIR CUSTOMER'S CURRENT AND FUTURE TECHNOLOGY NEEDS.

  Expenses $90,073 · Revenue $4,892

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

• MISSOURI ENTERPRISE

  $0

  MTC GRANTED FUNDING FOR THE OPERATION OF MISSOURI'S MANUFACTURING EXTENSION PARTNERSHIP

• MAYFIELD ENTREPRENEURAIL CENTER

  $0

  MTC GRANTED FUNDING FOR THE START-UP INCUBATOR & ACCELERATOR SPACE IN MARBLE HILL, MISSOURI

• BIOSTL CORTEX

  $0

  MTC GRANTED FUNDING TO PROVIDE PHYSICAL INFRASTRUCTURE & RESOURCES IN THE CORTEX DISTRICT

• BIOSTL HELIX CENTER

  $0

  MTC GRANTED FUNDING TO PROVIDE PHYSICAL INFRASTRUCTURE & RESOURCES IN THE HELIX CENTER

• CODEFI FOUNDATION ON RURAL INNOVATION INC MARQUETTE TECH DISTRICT FOUNDAT

  $0

  MTC GRANTED FUNDING TO PROVIDE PHYSICAL INFRASTRUCTURE & RESOURCES FOR SOUTHERN MISSOURI

• MISSOURI INNOVATION CENTER

  $0

  MTC GRANTED FUNDING TO PROVIDE PHYSICAL INFRASTRUCTURE & RESOURCES FOR CENTRAL MISSOURI

• MISSOURI STATE UNIVERSITY

  $0

  MTC GRANTED FUNDING TO PROVIDE PHYSICAL INFRASTRUCTURE & RESOURCES FOR SOUTHERN MISSOURI

• THE PORTER HOUSE KC (CHES INC)

  $0

  MTC GRANTED FUNDING TO PROVIDE PHYSICAL INFRASTRUCTURE & RESOURCES IN KANSAS CITY, MISSOURI

• BIONEXUS KC

  $0

  MTC GRANTED FUNDING FOR KC INCLUSIVE BIOLOGICS & BIOMANUFACTURING TECH HUB

• 39 NORTH AGTECH

  $0

  MTC GRANTED FUNDING FOR THE OPERATIONS OF THE 39 NORTH AGTECH INNOVATION DISTRICT IN ST. LOUIS, MISSOURI

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type

form_990

Tax year

2023

Filed

8 November 2024

IRS schema version

2023v5.1

Source object

202413179349302241

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.