Materials Technology Institute Inc is located in Saint Louis, MO. The organization was established in 1978. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Materials Technology Institute Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Materials Technology Institute Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Materials Technology Institute Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 6.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COOPERATIVE RESEARCH PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MTI REPRESENTS PRIVATE INDUSTRY TO CONDUCT GENERIC NON-PROPRIETARY STUDIES ON THE DETERIORATION OF MATERIALS AND EQUIPMENT USED IN THE CHEMICAL PROCESS INDUSTRIES. ANNUALLY, VARIOUS PROJECTS ARE STARTED, COMPLETED AND UPDATED FOR THIS PURPOSE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Paul Whitcraft Executive Dir. | OfficerTrustee | 32 | $152,884 |
Anette Hansson Eurotac Chair | Trustee | 1 | $0 |
Curtis Huddle Board Member | Trustee | 1 | $0 |
Dale Heffner Board Member | Trustee | 1 | $0 |
Andrew Rentsch Ameritac Vice Chair | Trustee | 1 | $0 |
Srini Kesavan Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $2,220,890 |
Investment income | $57,430 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,286,032 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $560,499 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $343,207 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $64,557 |
Fees for services: Management | $0 |
Fees for services: Legal | $40,759 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $29,841 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $43,989 |
Travel | $53,899 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $74,649 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $14,089 |
Insurance | $11,227 |
All other expenses | $252,139 |
Total functional expenses | $2,057,676 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $3,748,400 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $68,642 |
Net Land, buildings, and equipment | $13,643 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,020 |
Total assets | $3,834,705 |
Accounts payable and accrued expenses | $218,138 |
Grants payable | $0 |
Deferred revenue | $938,157 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,156,295 |
Net assets without donor restrictions | $2,678,410 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $3,834,705 |
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