Overview
What is Missouri Technology Corporation?
Missouri Technology Corporation (MTC) is a nonprofit organization based in Jefferson City, Missouri. With six employees, MTC plays a pivotal role in Missouri's economy by promoting entrepreneurship and nurturing the growth of high-tech companies. They focus on advanced and innovative manufacturing, particularly in the sectors of active pharmaceutical ingredients and semiconductors, which are crucial to the national security of the United States but have become reliant on production outside the country. By providing strategic investments, MTC creates an environment for significant growth in these industries within Missouri.
Official website here: www.missouritechnology.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Missouri Technology Corporation has earned a three-star rating from Charity Navigator, reflecting a solid level of accountability and financial health. The score is based entirely on their accountability and finance metrics, showcasing strong governance practices, such as having a fully independent board and comprehensive policies in place, which contribute positively to their overall score.
Strengths of the organization include a high program expense ratio of 95.03%, indicating that a significant portion of their budget is directed towards their programs rather than administrative costs. Additionally, their commitment to transparency is evident with policies like whistleblower protection and conflict of interest guidelines being properly listed and adhered to, fostering trust among donors and stakeholders.
While the organization scores well in various areas, there are no highlighted limitations or concerns in the provided data. This suggests a well-managed nonprofit, though continued monitoring of any potential challenges or changes in their operational landscape would be prudent for maintaining their positive rating.
This AI summary has been generated from information found on Charity Navigator.
Is Missouri Technology Corporation legitimate?
Missouri Technology Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Missouri 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: $145,867
Professional Fundraising Fees: $0
Other Salaries and Wages: $361,445
For more financial information, click here
Official website here: www.missouritechnology.com
What is the mission statement of Missouri Technology Corporation?
The Missouri Technology Corporation (MTC) serves a crucial role in Missouri by championing entrepreneurship and facilitating the expansion of high-tech businesses. Its mission is geared towards offering strategic investments and leadership to enable entrepreneurs in creating and growing technology-driven businesses within the state.
More specifically, the MTC focuses on making investments in industries essential to the national security of the United States, where the manufacturing of essential products has increasingly relied on production outside of the country. By providing grant-based funding for the creation of necessary infrastructure, the MTC aims to foster significant growth in Missouri's economy, particularly in areas like advanced and innovative manufacturing of active pharmaceutical ingredients and semiconductors. This mission ultimately aims to strengthen Missouri's economic landscape by encouraging domestic manufacturing and supporting the growth of technology-driven businesses.
Official website here: www.missouritechnology.com
Who is the CEO of Missouri Technology Corporation?
Dedric Carter is the Secretary/Treasurer of Missouri Technology Corporation.
Official website here: www.missouritechnology.com
What is the revenue of Missouri Technology Corporation?
Missouri Technology Corporation's revenue in 2023 was $57,612,488.
Official website here: www.missouritechnology.com
Who are the executives of Missouri Technology Corporation and what are their salaries?
The average compensation at Missouri Technology Corporation during 2023 was $84,552. There are 6 employees and 14 volunteers at Missouri Technology Corporation.
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Official website here: www.missouritechnology.com
Where can I find the form 990 for Missouri Technology Corporation?
Missouri Technology Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.missouritechnology.com
Learn more at the official website: www.missouritechnology.com
Mission Statement of Missouri Technology Corporation
The Missouri Technology Corporation (MTC) is a key player in Missouri's entrepreneurial landscape, dedicated to fostering the growth of high-tech companies within the state. By providing strategic investments and leadership, MTC assists entrepreneurs in creating and expanding technology-driven businesses.
The primary mission of the corporation is to make a substantial impact on Missouri's economy by investing in the creation of essential infrastructure for industries that are crucial to the national security of the United States. These industries include the manufacturing sector, where the production of essential products has relied heavily on production outside of the country. MTC's focus on such industries aims to capitalize on Missouri's inherent connection or advantage, fostering significant growth within the state's economy. Two prime examples of these industries are the advanced and innovative manufacturing of active pharmaceutical ingredients and semiconductors.
MTC's Advanced Manufacturing Resilience Grant Program is an essential component of its mission. This program offers grant-based funding to create infrastructure for industries where Missouri holds a distinct advantage, allowing for considerable expansion within the state's economy. The program's strategic focus on these industries not only enhances Missouri's economic growth but also contributes to the national security of the United States by reducing reliance on foreign production.
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Impact
October, 2024
Missouri Technology Corporation (MTC) plays a pivotal role in enhancing the entrepreneurial landscape and fostering the growth of high-tech companies across Missouri. By promoting innovation and entrepreneurship, MTC strengthens the state's economy and positions Missouri as a leader in advanced manufacturing and technology.
One of MTC's key initiatives, the Advanced Manufacturing Resiliency Grant Program, demonstrates its commitment to bolstering industries critical to national security. This program provides essential grant-based funding aimed at developing infrastructure for manufacturing sectors that are increasingly reliant on overseas production. By focusing on areas where Missouri has inherent advantages, such as the manufacturing of active pharmaceutical ingredients and semiconductors, MTC not only supports local businesses but also ensures the state's prominence in vital industries.
Through strategic investments and leadership, MTC significantly contributes to creating an environment conducive to the growth of technology-based businesses, ultimately driving economic progress and community improvement throughout Missouri.
This information is meant to be a general summary of Missouri 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $702,824
- Gross Receipts: $57,612,488
Assets and Liabilities:
- Total Assets: $113,462,871
- Total Liabilities: $14,501,626
- Net Assets: $98,961,245
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Organization Details
Founding Year
1983
Phone
(573) 526-1558Principal Officer
Dedric Carter
Main Address
PO BOX 2137, JEFFERSON CITY, MO, 65102
Website
www.missouritechnology.comNTEE Category
Code: S30 - Community improvement
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