2024-09-04T15:02:52-07:00 2023-12-31 752593210 Sutton Frost Cary LLP 200 E Front St Suite 200 Arlington TX 76011 990 2023-01-01 752775052 FORT WORTH MEDTECH CENTER INC DBA TECHFW FORT 8173398968 1120 SOUTH FREEWAY FORT WORTH TX 76104 RYAN A BROWN CEO 2024-09-04 true true Carroll Elizabeth Arnott P01965628 8176498083 2023 2024-08-08 14:25:15Z RYAN A BROWN 826389 false X www.techfw.org X 1998 TX TECHFW ENCOURAGES THE DEVELOPMENT OF THE TECHNOLOGY BUSINESS COMMUNITY IN NORTH TEXAS BY HELPING ENTREPRENEURS COMMERCIALIZE INNOVATIVE TECHNOLOGY. 10 10 5 40 0 145536 434471 363674 391837 339 81 0 509549 826389 12500 27000 0 405552 374280 0 5272 219798 231297 637850 632577 -128301 193812 878746 2196408 362047 213220 516699 1983188 TECHFW ENCOURAGES THE DEVELOPMENT OF THE TECHNOLOGY BUSINESS COMMUNITY IN NORTH TEXASBY HELPING ENTREPRENEURS COMMERCIALIZE INNOVATIVE TECHNOLOGY. false false 245566 27000 231430 FOR ENTREPRENEURS: TECHFW IS ENTREPRENEURS HELPING ENTREPRENEURS COMMERCIALIZEINNOVATIVE TECHNOLOGIES. TECHFW HAS FOUR MAIN PROGRAMS FOR ENTREPRENEURS. THINKLAB ISA PERSONAL INVESTMENT BY AN ENTREPRENEUR IN THE FOUNDATIONS OF THEIR TECHNOLOGYVENTURE AND SKILL DEVELOPMENT AS A FOUNDER AND ENTREPRENEUR. BY DESIGN, THE THINKLABPROGRAM HELPS FOUNDERS AND ENTREPRENEURS DETERMINE WHETHER THERE IS ENOUGH VALUE TOPURSUE A PRODUCT OR SERVICE IDEA, IDENTIFY POTENTIAL MARKETS, DEVELOP A PATH TOMARKET STRATEGY, AND LEARN HOW TO COMMUNICATE THE VALUE OF THE IDEA TO EARLYSTAKEHOLDERS AND ADOPTERS. SMARTSTART IS WHERE FOUNDERS BUILD AND LAUNCH THEIRSTARTUP AND TIRELESSLY ADVANCE THE PEOPLE, TOOLS AND CULTURE WITHIN THEIR VENTURE.THE GOAL OF SMARTSTART IS TO MAKE IT HAPPEN, THROUGH CUSTOMIZED EFFORTS TO REFINE THEPLAN, REFER THE COMPANY TO APPROPRIATE MANAGEMENT, CONSULTANTS, POTENTIAL PARTNERS,OR OTHERS, AND HELP THE COMPANY FIND APPROPRIATE FUNDING, ETC. SMARTSTART CLIENTSCAN LEASE SPACE DURING THE TIME THEY NEED TO IMPLEMENT THEIR PLANS. FASTFORWARD ISFOR EXECUTIVES SCALING HIGH-GROWTH COMPANIES AND TAKING ON NEW LEADERSHIP CHALLENGESWITH THEIR BUSINESS MODEL. NEW EXECUTIVES OFTEN NEED HELP IN SEEKING FUNDING FORGROWTH, HIRING, MARKETING, SALES, IMPLEMENTING PROCESSES, AND MANY OTHER CHALLENGES.COMPANIES IN SMARTSTART AND FAST FORWARD QUALIFY FOR OUR M-CREW PROGRAM, WHICH IS ATECHFW DIFFERENTIATOR BECAUSE A TEAM OF MENTORS WITH DIVERSE EXPERIENCES WORKS WITHCOMPANIES FOR SIX MONTHS. DURING THIS TIME, THEY FOCUS ON CENTRAL BARRIERS TO GROWTHAND IMPLEMENTATION THAT THE FOUNDERS AND EXECUTIVES ARE FACING. OUR ABILITY TORECRUIT SKILLED MENTORS IN DIVERSE INDUSTRIES AND MATCH THEM TO THE NEEDS OF THECOMPANIES HAS BEEN THE SUCCESS OF THE PROGRAM. 167059 4601 OUTREACH TO THE COMMUNITY: OUR OUTREACH INITIATIVES HAVE A DAILY IMPACT ON THECOMMUNITY. TECHFW IS AT THE EPICENTER OF INNOVATION IN FORT WORTH AND RESPONDS DAILYTO COMMUNITY INQUIRIES, NETWORKS ITS CLIENTS TO THE COMMUNITY AND VICE VERSA, ANDSERVES ON COMMITTEES ACROSS MULTIPLE INDUSTRIES TO HELP FORT WORTH INNOVATE AND GROW.DURING THE YEAR, TECHFW PRODUCES MONTHLY NEWSLETTERS, WEEKLY EVENTS, AND OTHERSPECIALTY EVENTS FOR THE ENTREPRENEURIAL COMMUNITY AND OUR MEMBERS. WE PARTNER WITHSEVERAL ORGANIZATIONS AND INSTITUTIONS, INCLUDING UNIVERSITIES, CORPORATIONS, SERVICEPROVIDERS, AND OTHER ENTREPRENEUR SUPPORT ORGANIZATIONS. 61815 58323 FOR INVESTORS: TECHFW FACILITATES THE INTERACTION BETWEEN ANGEL INVESTORS ANDENTREPRENEURS FROM ACROSS THE COUNTRY WITH OUR COWTOWN ANGELS PROGRAM, EDUCATES NEW INVESTORS THROUGH OUR SMARTVEST PROGRAM AND PARTNERS WITH ORGANIZATIONS TO PRODUCEEVENTS CONNECTING INVESTORS AND ENTREPRENEURS. THE COWTOWN ANGELS PROGRAM WASSTARTED IN SEPTEMBER 2012 TO CREATE A MECHANISM WHEREBY LOCAL TECHNOLOGY-BASEDBUSINESSES COULD GAIN ACCESS TO LOCAL FUNDING BY PRIVATE INVESTORS. MEMBERS, WHOARE ACCREDITED INVESTORS, PAY AN ANNUAL FEE THAT ENTITLES THEM TO PARTICIPATE INMONTHLY MEETINGS TO HEAR PITCHES FROM COMPANIES. TECHFW COACHES AND HELPS PREPARETHE APPLYING COMPANIES SO THAT THEY ARE BETTER ABLE TO PRESENT THEIR BUSINESSESWELL, PROVIDES FEEDBACK TO THE APPLYING COMPANIES BEFORE AND AFTER THEIR PITCHES,AND FACILITATES ALL THE MEETINGS OF THE ANGEL NETWORK. EACH MEMBER MAKES HIS OR HEROWN INVESTING DECISIONS. COWTOWN ANGELS GENERALLY HAS THREE PROFILES OF MEMBERS:RETIRED PROFESSIONALS, SERIAL ENTREPRENEURS, AND PROFESSIONAL INVESTORS, INCLUDINGFAMILY OFFICES AND PRIVATE EQUITY FIRMS. COWTOWN ANGELS IS A MEMBER OF THE ANGELCAPITAL ASSOCIATION. 474440 true true false false false false false false false false true false false false false true true false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false true 17 0 true 5 true false false false false false false false 0 false false false false false false false X 10 10 false false false false false false false true true false false true true true true true true true true false X X DARLENE BOUDREAUX 8179290628 1120 SOUTH FREEWAY FORT WORTH TX 76104 HAYDEN BLACKBURN Executive Dir. 40.00 0.00 X 105488 0 0 MELISSA ACOSTA Director 1.00 0.00 X 0 0 0 LAURA BALDWIN Secretary 1.00 0.00 X X 0 0 0 ALEM BOUKADOUM Treasurer 1.00 0.00 X X 0 0 0 STELLA ROBERTSON Director 1.00 0.00 X 0 0 0 ELYSE DICKERSON Director 1.00 0.00 X 0 0 0 BRENT SORRELLS Chairman 1.00 0.00 X X 0 0 0 MANAN ATIT Director 1.00 0.00 X 0 0 0 RODNEY D'SOUZA Director 1.00 0.00 X 0 0 0 RITA PATTERSON Director 0.00 0.00 X 0 0 0 SARAH WEBB Director 1.00 0.00 X 0 0 0 RYAN A BROWN FROM 32024 CEO 40.00 0.00 X 0 0 0 105488 1 false false true 0 300000 134471 434471 CORE PROGRAM FEES 611430 231430 231430 COWTOWN ANGELS FEES 611430 58323 58323 OFFICE RENTALS TO CLIENTS 611430 97483 97483 OTHER CLIENT SERVICES 611430 4601 4601 391837 81 81 0 0 0 0 0 0 0 0 826389 391837 81 0 27000 27000 0 0 33181 25804 7103 274 0 276081 214696 59102 2283 27621 21478 5915 228 11395 8861 2440 94 26002 20220 5567 215 0 0 17010 17010 0 0 0 42426 19591 22822 13 22800 21000 1800 5583 5583 20397 11078 7159 2160 0 5786 5735 46 5 0 0 90755 90755 0 0 4360 4360 7601 3987 3614 BANK SERVICE CHARGES 6922 6922 OTHER 5034 3207 1827 Printing and Publications 1777 878 899 TELEPHONE 600 600 246 150 96 632577 474440 152865 5272 241944 173438 407425 404698 213430 1607452 6416 7550 0 0 0 0 1902 0 142996 139726 7629 3270 0 0 0 0 0 878746 2196408 58116 45330 303931 167890 362047 213220 X 301269 645058 215430 1338130 516699 1983188 878746 2196408 193812 1272677 X false true X false false X 426834 319235 441541 145536 434471 1767617 0 317216 313758 316252 66615 350582 1364423 744050 632993 757793 212151 785053 3132040 0 3132040 5319 1012 172 340 81 6924 0 0 3138964 1542868 0.99780 0.99650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 142996 139726 3270 3270 X 2474145 1647756 1647756 826389 826389 1007656 375079 375079 632577 632577 Part X : FIN48 Footnote TechFW is exempt from federal income taxes under section 501(c)(3) of the Internal Revenue Code (IRC) and has not been classified as a private foundation as defined in the IRC. Income generated from activities unrelated to TechFWs exempt purposes is subject to tax under IRC Section 511. TechFW had no unrelated business income for the years ended December 31, 2023. Accordingly, no provision has been made for federal income tax in the accompanyingfinancial statements.GAAP requires the evaluation of tax positions taken in the course of preparing TechFWs taxreturn and recognition of a tax liability (or asset) if TechFW has taken an uncertain position thatmore likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by TechFW, and has concluded that as of December 31, 2023, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. true 0 0 EMPOWHERMENT AWARDS COMPETITION 2 25000 CASH PITCH CAMP COMPETITION WINNER 1 2000 CASH Grantmaker's Description of How Grants are Used THESE WERE COMPETITION PRIZES NOT REQUIRING ANY MONITIORING OF THE USE OF THE FUNDS. false false false false false false false false false HAYDEN BLACKBURN Executive Dir. 102988 2500 105488 Part II, Compensation from Unrelated Organizations A PORTION OF HAYDEN BLACKBURN'S SALARY IS PAID FOR BY UNIVERSITY OF NORTH TEXAS HEALTH SCIENCE CENTER (UNTHSC). UNTHSC IS UNRELATED TO TECHFW AND DOES NOT EXERCISE CONTROL OVER THE ORGANIZATION'S OPERTAIONS OR MANAGEMENT. TOTAL REPORTABLE COMPENSATION PAID BY UNTHSC DURING 2023 WAS $23,861. Form 990, Part VI, Section B, Line 11b The Finance & Sustainability Committee reviews the 990 in draft form. It is then finalized and presented to the full Board for approval prior to filing. Form 990, Part VI, Section B, Line 12c The Governance Committee reviews annually the compliance with the policy at its Q1 committee meeting. Form 990, Part VI, Section B, Line 15a The Board meets annually in December in Executive Session (without staff present) to review the CEO and other key employees, and sets their compensation for the following year. The results are documented in the minutes for the December board meeting. Form 990, Part VI, Section B, Line 15b THE BOARD FOLLOWS THE SAME PROCESS FOR DETERMINING THE SALARIES OF THE ASSISTANTDIRECTOR. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS WERE MADEAVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE.