Textile Clothing Technology Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 363166123 ✦ Raleigh, NC ✦ Designated as a 501(c)(6)

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Overview

What is Textile Clothing Technology Corporation?

Textile Clothing Technology Corporation is a renowned organization dedicated to conducting research and development in manufacturing equipment and systems for the apparel industry. Their primary focus lies in enhancing technology and streamlining supply chains within the sewn products and related soft goods sectors. This nonprofit corporation is recognized for its expertise in technology development and supply chain improvement, contributing significantly to the apparel industry.


Official website here: www.tc2.com

Is Textile Clothing Technology Corporation legitimate?

Textile Clothing Technology Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Textile Clothing Technology Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.tc2.com

What is the mission statement of Textile Clothing Technology Corporation?

The Textile Clothing Technology Corporation is dedicated to research and development in the realm of manufacturing equipment and systems for the apparel industry. As a recognized provider in the sewn products and related soft goods sectors, their primary focus is on technology development and enhancing supply chain efficiency. Their mission involves driving innovation in the manufacturing process of apparel, aiming to improve productivity and efficiency within the industry.


Official website here: www.tc2.com

Who is the CEO of Textile Clothing Technology Corporation?

Michael T Fralix is the Chair of Textile Clothing Technology Corporation. The CEO's salary of Textile Clothing Technology Corporation is $0 and their total compensation is $0.


Official website here: www.tc2.com

What is the revenue of Textile Clothing Technology Corporation?

Textile Clothing Technology Corporation's revenue in 2022 was $6.


Official website here: www.tc2.com

Who are the executives of Textile Clothing Technology Corporation and what are their salaries?


Here are 3 key members and their salaries (Textile Clothing Technology Corporation's CEO's salary is $0 and their total compensation is $0):


Peter N Butenhoff (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael T Fralix (President, Ceo & Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wilton Duncan (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.tc2.com

Where can I find the form 990 for Textile Clothing Technology Corporation?

Textile Clothing Technology Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.tc2.com

Learn more at the official website: www.tc2.com

Mission Statement of Textile Clothing Technology Corporation

Textile Clothing Technology Corporation, often referred to as TCTC, is dedicated to conducting research and development in the realm of manufacturing equipment and systems specifically tailored to the apparel industry. As a recognized provider, TCTC specializes in technology development and supply chain improvement within the sewn products and related soft goods sectors. Their mission is to innovate and enhance the manufacturing processes in the apparel industry, contributing to the advancement of this sector.

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Impact




October, 2024

Textile Clothing Technology Corporation significantly impacts the apparel industry through its dedicated research and development efforts focused on advancing manufacturing equipment and systems. By specializing in technology development and enhancing supply chain processes, the organization provides essential solutions that improve efficiency and productivity within the sewn products and related soft goods sectors. Based in Raleigh, NC, its innovations pave the way for more streamlined operations, enabling manufacturers to adopt cutting-edge techniques that meet the evolving demands of the market. Through these contributions, the corporation not only fosters growth and competitiveness in the apparel industry but also supports sustainability initiatives by promoting smarter resource management and production practices.




This information is meant to be a general summary of Textile Clothing Technology Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$6 (2022)
Expenses
$5,960 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $6

Assets and Liabilities:

  • Total Assets: $15
  • Total Liabilities: $681,841
  • Net Assets: -$681,826

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Organization Details

Founding Year

1981

Principal Officer

Michael T Fralix

Main Address

100 E SIX FORKS ROAD 307, RALEIGH, NC, 27609

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