Technology Ventures Corporation
- Assets
- $615.3k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- Data as of
- 12/2015
- EIN
- 52-1844455
Organization Overview
Technology Ventures Corporation is located in Albuquerque, NM.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2015
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNOLOGY COMMERCIALIZATION: IDENTIFICATION OF TECHNOLOGIES WITH COMMERCIAL POTENTIAL, COORDINATION OF DEVELOPMENT OF BUSINESS AND MANAGEMENT CAPABILITIES, PURSUIT OF RISK CAPITAL.
TECHNOLOGY CONSULTING SERVICES PROVIDED TO OTHER ENTITIES SEEKING OUR METHODOLOGY FOR TECHNOLOGY COMMERCIALIZATION.
DEAL STREAM SUMMIT IN NEW MEXICO AND OTHER FORUMS PRESENT TECH-BASED BUSINESSES TO INVESTORS, RECOGNIZE THE BUSINESSES, AND FACILITATE DISCUSSIONS AMONG THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Freisinger President, CEO | 40 | $281,368 | |
Todd D Hunter Vice President & Secretary | 40 | $145,383 | |
Russel E Frew Chairman Of The Board | 1 | $0 | |
Kenneth R Possenreide Treasurer | 1 | $0 | |
Rena W Whitney Assistant Treasurer | 1 | $0 | |
Marcus B Ide Assistant Treasurer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Richard M Talcott | 12/30/15 | $103,405 |
Scott M Tyson | 12/30/15 | $103,062 |
Booyah Media | 12/30/15 | $91,678 |
Glenwood Communications | 12/30/15 | $58,622 |
Bellis & Associates | 12/30/15 | $58,257 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,027,621 |
| Interest on Savings | $394 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $26,662 |
| Total Revenue | $2,081,542 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $426,751 |
| Other employee salaries and wages | $312,672 |
| Pension plans, employee benefits | $410,856 |
| Interest | $0 |
| Taxes | $1,032 |
| Depreciation | $0 |
| Occupancy | $256,461 |
| Travel, conferences, and meetings | $34,244 |
| Printing and publications | $51,220 |
| Other expenses | $277,707 |
| Total operating and administrative expenses | $2,246,798 |
| Contributions, gifts, grants paid | $66,000 |
| Total expenses and disbursements | $2,312,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $509,066 |
| Net Accounts receivable | $106,280 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $615,346 |
| Accounts payable and accrued expenses | $573,466 |
| Grants payable | $0 |
| Deferred revenue | $6,063 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $579,529 |
Grants Awarded
Over the last fiscal year, Technology Ventures Corporation has awarded $66,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
NEW MEXICO ANGELS PURPOSE: ENTREPRENEURIAL DEVELOPMENT | $20,000 |
INNOBRIGHT TECHNOLOGIES PURPOSE: INTERNSHIP CO-SPONSORSHIP | $10,000 |
TRILUMINA PURPOSE: INTERNSHIP CO-SPONSORSHIP | $8,000 |
CFV SOLAR TEST LABORATORY INC PURPOSE: INTERNSHIP CO-SPONSORSHIP | $10,000 |
NANOMR PURPOSE: INTERNSHIP CO-SPONSORSHIP | $4,000 |
RIETECH GLOBAL LLC PURPOSE: INTERNSHIP CO-SPONSORSHIP | $4,000 |