Form 990 for tax year 2024

Totals

Total revenue

$11,182,096

Total expenses

$22,668,686

Contributions and grants received

$9,509,382

Grants paid

$16,420,021

Program service revenue

$0

Investment income

$1,586,790

Other revenue

$85,924

Total assets, end of year

$105,160,244

Total liabilities, end of year

$9,195,119

Net assets or fund balances, end of year

$95,965,125

Program services expenses (Part IX)

$17,500,885

Management and general expenses

$5,167,801

Fundraising expenses

$0

Program service expenses (Part III)

$17,500,885

Program services were 77.2% 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 · 2024

• THE MISSOURI TECHNOLOGY INVESTMENT PROGRAM FUNDS ARE USED TO SUPPORT MTC'S OPERATIONS AND ITS PROGRAMMATIC ACTIVITIES, WHICH ARE FOCUSED ON ECOSYSTEM BUILDING AND A STATE-SPONSORED VENTURE CAPITAL PROGRAM. THROUGH THESE PROGRAMS, MTC PROVIDES COMPETITIVE-BASED GRANT FUNDING TO ORGANIZATIONS OFFERING RESOURCES AND TRAINING TO ENTREPRENEURS TO ENHANCE THE STATE'S ENTREPRENEURIAL CAPACITY AND MAKES DIRECT EQUITY-BASED INVESTMENTS IN PROMISING EARLY-STAGE STARTUPS THROUGH THE INNOVATION, DEVELOPMENT, AND ENTREPRENEURIAL ADVANCEMENT (IDEA) FUND. THE FUNDS ALSO SUPPORT MTC'S SPONSORSHIP PROGRAM, WHICH PROVIDES A STRUCTURED PROCESS FOR FUNDING EVENTS THAT ALIGN WITH MTC'S MISSION TO CATALYZE INNOVATION AND ENTREPRENEURSHIP IN MISSOURI.

  Expenses $8,738,837 · Grants $8,107,975 · Revenue $84,698

• 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 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 THAT MAKES DIRECT INVESTMENTS INTO MISSOURI-BASED TECHNOLOGY STARTUPS TO SUPPORT TECHNOLOGY AND BUSINESS DEVELOPMENT IN THE STATE.

  Expenses $8,762,048 · Grants $8,312,046

• 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 FUNDS TO SUPPORT ITS INNOVATION, DEVELOPMENT, AND ENTREPRENEURIAL ADVANCEMENT (IDEA) FUND CO-INVESTMENT PROGRAM WHICH THAT MAKES DIRECT INVESTMENTS INTO MISSOURI-BASED TECHNOLOGY STARTUPS TO SUPPORT TECHNOLOGY AND BUSINESS DEVELOPMENT IN THE STATE.

• THE NATIONAL GEOSPATIAL-INTELLIGENCE AGENCY (NGA) IS A 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 MTC, NGA ENGAGES 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. MTC IS 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.THE LEWIS AND CLARK DISCOVERY INITIATIVE PROVIDES FUNDS TO MTC FOR LOANS AND GRANTS TO MISSOURI-BASED HIGH TECH SMALL BUSINESSES.THE ADVANCED MANUFACTURING RESILIENCY GRANT PROGRAM PROVIDES GRANT FUNDING TO CREATE INFRASTRUCTURE FOR INDUSTRIES THAT ARE FUNDAMENTAL TO U.S. NATIONAL SECURITY WHERE MANUFACTURING OF ESSENTIAL PRODUCTS RELIES ON FOREIGN SOURCES. THE PROGRAM FOCUSES ON AREAS WHERE MISSOURI HAS AN INHERENT CONNECTION OR ADVANTAGE TO SUPPORT SIGNIFICANT GROWTH IN MISSOURI'S ECONOMY, INCLUDING BUT NOT LIMITED TO ADVANCED AND INNOVATIVE MANUFACTURING OF ACTIVE PHARMACEUTICAL INGREDIENTS AND SEMICONDUCTORS.

  Revenue $1,226

As filed on the 2024 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

• IGNITE MO LOAN PARTICIPATION PROGRAM LLC

  $8,312,046

  MTC PROVIDED FUNDING TO JUSTINE PETERSEN TO OPERATE THE IGNITE MO LOAN PARTICIPATION PROGRAM.

• BIOSTL

  $1,499,514

  MTC GRANTED FUNDING TO PROVIDE SUPPORT FOR BIOSTL INCLUDING THE SUPPORT OF BIOGENERATOR'S NON-INVESTMENT ACTIVITIES.

• BIONEXUS KC

  $936,050

  MTC GRANTED FUNDING TO BIONEXUS KC PROVIDE SUPPORT FOR THE KC BIOHUB PROJECT IN KANSAS CITY, MISSOURI.

• MISSOURI ENTERPRISE

  $750,000

  MTC GRANTED FUNDING (REQUIRED STATE MATCHING FUNDS) FOR THE OPERATION OF MISSOURI'S MANUFACTURING EXTENSION PARTNERSHIP PROGRAM.

• MISSOURI INNOVATION CENTER

  $600,000

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

• MISSOURI STATE UNIVERSITY

  $500,000

  MTC GRANTED FUNDING FOR THE OPERATIONS OF THE EFACTORY IN SPRINGFIELD, MO.

• BIOSTL

  $400,000

  MTC GRANTED FUNDING TO PROVIDE PHYSICAL INFRASTRUCTURE & RESOURCES IN THE GREATER ST. LOUIS REGION OF MISSOURI.

• MISSOURI STATE UNIVERSITY

  $380,500

  MTC GRANTED FUNDING TO PROVIDE PHYSICAL INFRASTRUCTURE & RESOURCES IN THE SOUTHWEST REGION OF MISSOURI.

• DOWNTOWN KC (LAUNCH KC)

  $327,000

  MTC GRANTED FUNDING TO PROVIDE RESOURCES FOR THE SOCIAL VENTURE STUDIO IN KANSAS CITY, MISSOURI.

• CODEFI FOUNDATION INC

  $325,000

  MTC GRANTED FUNDING TO EXPAND ENTREPRENEURIAL CAPACITY THOUGHOUT SOUTHERN MISSOURI.

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

Provenance

Return type

form_990

Tax year

2024

Filed

10 November 2025

IRS schema version

2024v5.2

Source object

202503149349305725

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.