Wichita Technology Corporation
- Assets
- $3.1m
- Revenue
- $292.4k
- Investments
- $2.0m
- Employees
- 0
- Location
- Wichita, KS
- Founding
- 01/1995
- Data as of
- 06/2021
- EIN
- 48-1150843
Organization Overview
Wichita Technology Corporation is located in Wichita, KS. The organization was established in 1995. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wichita Technology Corporation 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 06/2021, Wichita Technology Corporation generated $292.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $193.6k during the year ending 06/2021. 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
TO CREATE, PROMOTE AND EXPAND AN INNOVATION NETWORK THAT FACILITATES ACCESS TO CAPITAL, PROVIDES ENTREPRENEURIAL EDUCATION AND BUSINESS ASSISTANCE SERVICES, SUPPORTS TECHNOLOGY TRANSFER AND COMMERCIALIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATE & SUSTAIN FORMAL NETWORK SUPPORTING TECH. ADVANCEMENT TRANSFER & COMMERCIALIZATION IN KS. LEVERAGE PUBLIC & PRIVATE RESOURCES TO MAINT. & FACIL. BUSINESS FORMATION & GROWTH. ENHANCE DEVELOPMENT ACTIVITY & PROVIDE BUSINESS ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Dellasega Chairman & Treasurer | OfficerTrustee | 5 | $0 |
Patricia Brasted Vice President | Officer | 1 | $0 |
Erik Pedersen Secretary | Officer | 5 | $0 |
Steve Radley President | Officer | 5 | $0 |
Suzan Barnes Director | Trustee | 5 | $0 |
Clare Gustin Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,354 |
| Investment income | $5,978 |
| 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 | $292,416 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $18,586 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $55,500 |
| Fees for services: Legal | $4,735 |
| Fees for services: Accounting | $2,280 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $735 |
| 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 | -$1,167 |
| All other expenses | $0 |
| Total functional expenses | $193,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,269 |
| Savings and temporary cash investments | $602,418 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $500,000 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,005,406 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,141,093 |
| Accounts payable and accrued expenses | $52,510 |
| 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 | $52,510 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $3,088,583 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wichita Technology Corporation has recieved totaling $60,760.
| Awarding Organization | Amount |
|---|---|
Mid-America Manufacturing Technology Center Inc Lenexa, KS PURPOSE: FUND PROGRAMS THAT PROVIDE TRAINING FOR MANUFACTURING | $60,760 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tulsa Economic Development Corporation Tulsa, OK | $33,851,725 | $32,973,039 |
Technology Entrepreneur Center Inc St Louis, MO | $14,793,185 | $1,740,629 |
South Central Ozark Council Of Governments Pomona, MO | $2,561,241 | $1,014,983 |
Foundation For Black Entrepreneurship Denver, CO | $394,455 | $1,255,984 |
Custer County Foundation Inc Broken Bow, NE | $7,035,087 | $2,062,629 |
Exponential Impact Colorado Springs, CO | $3,022,764 | $1,129,971 |
Civico Denver, CO | $298,946 | $905,043 |
Pipeline Inc Kansas City, KS | $850,172 | $659,645 |
Frontier Financial Partners Inc Emporia, KS | $2,116,575 | $668,462 |
Community Development Resources Lincoln, NE | $1,656,225 | $319,240 |
Small Business Capital Corporation Tulsa, OK | $360,944 | $280,630 |
Enterprise Development Corp Columbia, MO | $297,250 | $238,595 |