Research And Technology Institute Of West Michigan
- Assets
- $35.2k
- Revenue
- $100.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 08/1988
- Data as of
- 12/2021
- EIN
- 38-2787209
Organization Overview
Research And Technology Institute Of West Michigan is located in Grand Rapids, MI. The organization was established in 1988. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Research And Technology Institute Of West Michigan is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Research And Technology Institute Of West Michigan generated $100.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $106.0k during the year ending 12/2021. While expenses have increased by 13.3% per year over the past 5 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
TO PUT LOCAL TECHNICAL TALENT TO WORK FOR THE INDUSTRIAL BASE IN WEST MICHIGAN. THE GOAL IS TO PROVIDE TECHNICAL ASSISTANCE TO MANUFACTURING FIRMS IN THE MICHIGAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW COMMUNITY TRANSFORMATION FUND - THE FUND RESOURCES WILL BE DEPLOYED TO INCREASE ETHNIC AND RACIAL DIVERSITY IN BUSINESS OWNERSHIP IN WEST MICHIGAN. IN ADDITION, IT WILL FOCUS ON BUSINESSES THAT INTEND TO PROVIDE MULTI-GENERATIONAL WEALTH CREATION WITHIN HISTORICALLY DISADVANTAGED GROUPS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Birgit M Klohs President (through 1-31-21) | OfficerTrustee | 2 | $0 |
Sean Welsh Chair | OfficerTrustee | 1 | $0 |
Bill Pink Treasurer | OfficerTrustee | 1 | $0 |
Tina Freese Decker Vice Chair | OfficerTrustee | 1 | $0 |
Randy Thelen President | Officer | 2 | $0 |
Twayne Howard Assistant Treasurer & COO | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Global Bridgebuilders Contracted Client Services | 12/30/20 | $128,000 |
Kwame Anku Contracted Client Services | 12/30/20 | $128,000 |
Financial Statements
| 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 | $100,000 |
| Investment income | $0 |
| 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 | $100,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,310 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102,625 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $20 |
| Total functional expenses | $105,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,221 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,221 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $35,221 |
| 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 | $35,221 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Research And Technology Institute Of West Michigan has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Dte Energy Foundation Detroit, MI PURPOSE: ECONOMIC PROGRESS | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Lightweight Materials Manufacturing Innovation Institute Detroit, MI | $48,200,924 | $30,772,761 |
Industrial Technology Institute Plymouth, MI | $6,890,265 | $10,484,047 |
Battery Innovation Center Institute Inc Newberry, IN | $9,971,672 | $4,855,829 |
Additive Manufacturing Users Group Inc Milwaukee, WI | $3,328,250 | $3,683,925 |
American Conference Of Governmental Industrial Hygienists Inc Sharonville, OH | $1,119,864 | $2,375,200 |
Association For High Techology Distribution Waukesha, WI | $1,589,704 | $1,298,260 |
Midwest Energy Research Consortium Inc Milwaukee, WI | $2,074,471 | $1,456,728 |
Friction Materials Standards Auburn Hills, MI | $1,034,616 | $521,842 |
Alliance For Working Together Foundation Mentor, OH | $1,820,396 | $1,766,564 |
Ieom Society International Southfield, MI | $228,939 | $507,956 |
Ntma Workforce Development Cleveland, OH | $69,136 | $190,192 |
Precision Metalforming Association Educational Foundation Independence, OH | $2,730,586 | $263,868 |