Nonprofit · EIN 75-2775052
FORTWORTH MEDTECH CENTER INC
Also known as TECH FORT WORTH
Tax-exempt · FORT WORTH, TX 76104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $599,328 | $1,093,753 | -$494,425 | $1,539,547 | $50,784 | $1,488,763 |
| December 31, 2023 | 990 | $826,389 | $632,577 | $193,812 | $2,196,408 | $213,220 | $1,983,188 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $139,463
- Program service revenue
- $450,510
- Investment income
- $9,355
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,000
- Compensation of officers, directors and key employees
- $226,702
- Other salaries and wages
- $186,320
- Salaries, compensation and benefits (total)
- $457,700
- Professional fundraising fees
- $0
- Legal fees
- $4,231
- Accounting fees
- $54,180
- Occupancy
- $374,094
- Depreciation
- $3,270
- Program services (functional)
- $820,772
- Management and general (functional)
- $227,878
- Fundraising (functional)
- $45,103
Balance sheet and other
- Total assets, start of year
- $2,196,408
- Total assets, end of year
- $1,539,547
- Total liabilities, end of year
- $50,784
- Net assets, end of year
- $1,488,763
- Net assets without donor restrictions
- $267,965
- Net assets with donor restrictions
- $1,220,798
- Gross receipts
- $599,328
- Employees
- 8
- Volunteers
- 36
- Year formed
- 1998
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Ryan Brown | CEO Officer | 40 | $130,022 | $3,892 |
| Hayden Blackburn | COO Officer | 40 | $85,365 | $7,423 |
| Melissa Acosta | Director Trustee or director | 1 | $0 | $0 |
| Laura Baldwin | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Alem Boukadoum | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Stella Robertson | Director Trustee or director | 1 | $0 | $0 |
| Elyse Dickerson | Director Trustee or director | 1 | $0 | $0 |
| Brent Sorrells | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Manan Atit | Director Trustee or director | 1 | $0 | $0 |
| Rodney D'Souza | Director Trustee or director | 1 | $0 | $0 |
| Rita Patterson | Director Trustee or director | 1 | $0 | $0 |
| Sarah Webb | Director Trustee or director | 1 | $0 | $0 |
| Caitlin McMinn started 52025 | Director Officer | 0 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HAYDEN BLACKBURN | Executive Dir. Officer | 40 | $105,488 |
| MELISSA ACOSTA | Director Trustee or director | 1 | $0 |
| LAURA BALDWIN | Secretary Trustee or director, Officer | 1 | $0 |
| ALEM BOUKADOUM | Treasurer Trustee or director, Officer | 1 | $0 |
| STELLA ROBERTSON | Director Trustee or director | 1 | $0 |
| ELYSE DICKERSON | Director Trustee or director | 1 | $0 |
| BRENT SORRELLS | Chairman Trustee or director, Officer | 1 | $0 |
| MANAN ATIT | Director Trustee or director | 1 | $0 |
| RODNEY D'SOUZA | Director Trustee or director | 1 | $0 |
| RITA PATTERSON | Director Trustee or director | 0 | $0 |
| SARAH WEBB | Director Trustee or director | 1 | $0 |
| RYAN A BROWN FROM 32024 | CEO Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 1120 SOUTH FWY, FORT WORTH, TX 76104-5064
- Principal officer (990 for 2024)
- Melissa Acosta, 1120 South Freeway, Fort Worth, TX 76104
- Signed the 990
- Caitlin McMinn, Executive Director
- Phone
- (817) 339-8968
- Website
- www.techfortworth.org
- Return prepared by
- Darlene M Boudreaux LLC
Mission
TechFW promotes local economic development and furthers social welfare in the community known as the Southside Medical District in Fort Worth, TX, by operating a small business incubator that will provide small, start-up businesses with operating space and management counseling and support, at below market rates. This small business incubator will primarily target medical and technology oriented start-up business for the purposes of economic and employment growth opportunities.
Program accomplishments
- FOR ENTREPRENEURS: TechFW empowers entrepreneurs to commercialize innovative technologies through three focused programs. ThinkLab is an 8-week accelerator that helps founders validate ideas, identify markets, and craft go-to-market strategies. SmartStart supports startups as they build and launch?offering tailored guidance, workspace, and connections to consultants and funding. FastForward aids high-growth companies in overcoming leadership and operational challenges, from securing growth capital to implementing scalable processes.Expenses $478,776 · grants $1,000 · revenue $388,885
- FOR INVESTORS: TechFW?s Cowtown Angels program connects accredited investors with technology startups, providing entrepreneurs nationwide access to local funding. Since its launch in September 2012, members pay an annual fee to attend monthly forums and participate in pitch meetings where TechFW offers coaching, feedback, and pitch preparation. Cowtown Angels comprises retired professionals, serial entrepreneurs, and professional investors?including family offices and private equity firms?and is proud to be a member of the Angel Capital Association.Expenses $174,223 · revenue $61,353
- OUTREACH TO THE COMMUNITY: TechFW sits at the heart of Fort Worth?s innovation ecosystem?fielding community inquiries, connecting startups with partners, and serving on cross-industry committees. We publish newsletters, host regular and specialty events for entrepreneurs, and collaborate with universities, corporations, and support organizations to drive local growth.Expenses $167,773 · revenue $272
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-2775052
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $1,539,547
- Income (IRS master file)
- $599,328
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $599,328 | $1,093,753 | $1,539,547 | XML |
| 990 | December 2023 | $826,389 | $632,577 | $2,196,408 | XML |
| 990 | December 2022 | $509,549 | $637,850 | $878,746 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-2775052).
Questions about FORTWORTH MEDTECH CENTER INC
- What is the EIN of FORTWORTH MEDTECH CENTER INC?
- The employer identification number (EIN) of FORTWORTH MEDTECH CENTER INC is 75-2775052.
- Is FORTWORTH MEDTECH CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to FORTWORTH MEDTECH CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FORTWORTH MEDTECH CENTER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FORTWORTH MEDTECH CENTER INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FORTWORTH MEDTECH CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FORTWORTH MEDTECH CENTER INC?
- The 990 for the year ended December 31, 2024 names Melissa Acosta.
- Who are the officers and directors of FORTWORTH MEDTECH CENTER INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 2 received compensation from the organization, the highest $130,022 (Ryan Brown, CEO).
- How much revenue does FORTWORTH MEDTECH CENTER INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $599,328, expenses of $1,093,753 and total assets of $1,539,547 at year end.
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All nonprofits in FORT WORTH · Texas · Community improvement and capacity building