Center For Emerging Technologies
- Assets
- $9.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 07/1984
- Data as of
- 12/2021
- EIN
- 43-1329843
Organization Overview
Center For Emerging Technologies is located in St Louis, MO. The organization was established in 1984. 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. Center For Emerging Technologies 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, Center For Emerging Technologies generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. 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
PROMOTE THE CREATION & GROWTH OF NEW BUSINESSES & INDUSTRY BASED UPON SCIENTIFIC & TECHNOLOGICAL INNOVATIONS, TO PROMOTE SCIENTIFIC & TECHNOLOGICAL RESEARCH AND TO ASSIST SCIENTIFIC & TECHNOLOGICAL INNOVATORS IN FINDING SOURCES OF FUNDS FOR DEVELOPMENT OF THEIR INNOVATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTER'S PURPOSE IS TO SERVE THE METROPOLITIAN ST. LOUIS AREA AND THE STATE OF MISSOURI BY WORKING TO DEVELOP THE INFASTRUCTURE NECESSARY TO ESTABLISH AND DEVELOP NEXT GENERATION MEDICAL AND ADVANCED TECHNOLOGY COMPANIES. THE CENTER PROVIDES SPECIALIZED OFFICE AND LAB FACILITIES, KNOWLEDGEABLE SUPPORT SERVICES, ENTREPRENEUR EDUCATION AND TRAINING OPORTUNITIES, AND ACCESS TO LOCAL AND OUT-OF-TOWN VENTURE CAPITAL. CET HAS ONGOING COOPERATIVE ARRANGEMENTS WITH MISSOURI TECHNOLOGY CORPORATION AND THE CITY OF ST. LOUIS. CET LEASED AND OPERATED FACILITIES AT OR NEAR COST TO APPROXIMATELY 150 PERSONS AND FIRMS THAT ARE ATTEMPTING TO DEVELOP SCIENTIFIC OR TECHNOLOGIAL INNOVATIONS INTO SUCCESSFUL BUSINESSES; PROVIDED CLERICAL & ADMINISTRATIVE SERVICE AT OR NEAR COST.
ENTREPRENEURIAL DEVELOPMENT PROGRAMS - SQUARE ONE, LEVEL NEXT AND HOUSE OF GENIUS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Fiorello President | OfficerTrustee | 40 | $0 |
Mike Bozovich Secretary | Officer | 40 | $0 |
Dr Blanche M Touhill Director | Trustee | 1 | $0 |
Dr Brian L Clevinger Director | Trustee | 1 | $0 |
Mr Dale E Ruthsatz Director | Trustee | 1 | $0 |
Mr Jeffrey M Mcdonnell Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cic Forest Park Llc Management Services | 12/30/19 | $390,000 |
Murphy Mechanical Service Construction Services | 12/30/19 | $210,150 |
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 | $216,598 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $216,598 |
| Total Program Service Revenue | $1,863,316 |
| Investment income | $2,164 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,357 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,098,435 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| 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 | $853,440 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $103,084 |
| Payroll taxes | $67,153 |
| Fees for services: Management | $240,000 |
| Fees for services: Legal | $3,369 |
| Fees for services: Accounting | $55,648 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,107 |
| Advertising and promotion | $2,644 |
| Office expenses | $9,191 |
| Information technology | $47,526 |
| Royalties | $0 |
| Occupancy | $758,987 |
| Travel | $997 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,886 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $420,252 |
| Insurance | $44,739 |
| All other expenses | $0 |
| Total functional expenses | $2,806,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $260,672 |
| Savings and temporary cash investments | $1,395,386 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,735 |
| 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 | $11,642 |
| Net Land, buildings, and equipment | $7,361,627 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,627 |
| Total assets | $9,044,689 |
| Accounts payable and accrued expenses | $87,167 |
| 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 | $73,466 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $668,220 |
| Total liabilities | $828,853 |
| Net assets without donor restrictions | $8,210,836 |
| Net assets with donor restrictions | $5,000 |
| 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 | $9,044,689 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Center For Emerging Technologies has recieved totaling $206,902.
| Awarding Organization | Amount |
|---|---|
Missouri Corporation For Science And Technology Jefferson City, MO PURPOSE: MTC GRANTED FUNDING FOR THE OPERATION OF AN INNOVATION CENTER IN ST. LOUIS, MO | $206,902 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clark Richardson And Biskup Consulting Engineers Inc Health Pl Kansas City, MO | $3,940,504 | $14,137,638 |
Center For Emerging Technologies St Louis, MO | $9,044,689 | $2,098,435 |
Business Technology Association Kansas City, MO | $9,203,814 | $1,270,035 |
Heartland Science And Technology Group Champaign, IL | $604,593 | $1,416,544 |
Applied Science And Technology Research Organization Of Americs Rock Island, IL | $337,923 | $928,326 |
American Council Of Engineering Compainies Of Tennessee Inc Nashville, TN | $684,466 | $702,178 |
Technology Association Of Grantmakers Inc Chicago, IL | $872,956 | $756,276 |
Drone Port Of Kentucky Inc Hazard, KY | $48,099 | $0 |
Make Nashville Nashville, TN | $96,665 | $0 |
Technology Student Association Stillwater, OK | $45,219 | $0 |
Center For Computing And Robotics Inc Lexington, KY | $16,192 | $0 |
Tech Foundation Of Kansas Hutchinson, KS | $1,437,299 | $130,725 |