Nonprofit · EIN 85-2511814
MONTGOMERY TECHLAB INC
Tax-exempt · MONTGOMERY, AL 36104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $193,672 | $386,616 | -$192,944 | $503,887 | $0 | $503,887 |
| December 31, 2023 | 990 | $252,500 | $211,517 | $40,983 | $722,727 | $22,168 | $700,559 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $193,672
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $3,100
- Travel
- $15
- Program services (functional)
- $312,520
- Management and general (functional)
- $62,380
- Fundraising (functional)
- $11,716
Balance sheet and other
- Total assets, start of year
- $722,727
- Total assets, end of year
- $503,887
- Total liabilities, end of year
- $0
- Net assets, end of year
- $503,887
- Net assets without donor restrictions
- $503,887
- Gross receipts
- $193,672
- Employees
- 0
- Year formed
- 2020
- State of legal domicile
- AL
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 |
|---|---|---|---|
| KEVIN MONDS | DIRECTOR Trustee or director | – | $0 |
| MARCUS SHAW | EXECUTIVE DI Trustee or director, Officer | – | $0 |
| JABALI WILLIAMS | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN MONDS | DIRECTOR Trustee or director | – | $0 |
| MARCUS SHAW | EXECUTIVE DI Trustee or director, Officer | – | $0 |
| JABALI WILLIAMS | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 600 S COURT ST, MONTGOMERY, AL 36104-4106
- In care of
- % MARCUS SHAW
- Principal officer (990 for 2024)
- MARCUS SHAW, 150 DEXTER AVENUE, MONTGOMERY, AL 36104
- Signed the 990
- MARCUS SHAW, EXECUTIVE DIRECTOR
- Return prepared by
- MARSHALL AND REUMONT CPAS
Mission
TO ADVANCE INNOVATION AND ENTREPRENEURSHIP IN THE MONTGOMERY REGION THROUGH EDUCATION, ACCELERATION, AND INCUBATION.
Program accomplishments
- THROUGH EDUCATION PROGRAMS WE HAVE SUPPORTED OVER 1500 STUDENTS AND YOUNG PROFESSIONALS IN THE REGION, THROUGH HACK-A-THONS, STEM WORKSHOPS, AND ENTREPRENEURSHIP TRAINING. SINCE INCEPTION MONTGOMERY TECHLAB HAS ACCELERATED OVER 25 COMPANIES. OUR PROGRAMS HAVE PROVIDED PARTICIPANTS WITH COACHING, INDUSTRY MENTORS FROM REGIONAL ORGANIZATIONS, AND SUPPORT IN POSITIONING THEIR TECHNOLOGY AND SERVICE SOLUTIONS AGAINST REAL-LIFE APPLICATIONS. COMPANIES PARTICIPATING IN OUR ACCELERATOR PROGRAMS ARE PROVIDED INCUBATION SUPPORT IN THE LAB ON DEXTER, A STATE-OF-THE-ART COWORKING FACILITY IN DOWNTOWN MONTGOMERY.Expenses $312,520
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
- 85-2511814
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $503,887
- Income (IRS master file)
- $193,672
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $193,672 | $386,616 | $503,887 | XML |
| 990 | December 2023 | $252,500 | $211,517 | $722,727 | XML |
| 990 | December 2022 | $1,487,500 | $827,884 | $743,057 | 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 85-2511814).
Questions about MONTGOMERY TECHLAB INC
- What is the EIN of MONTGOMERY TECHLAB INC?
- The employer identification number (EIN) of MONTGOMERY TECHLAB INC is 85-2511814.
- Is MONTGOMERY TECHLAB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to MONTGOMERY TECHLAB INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONTGOMERY TECHLAB 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 MONTGOMERY TECHLAB 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 MONTGOMERY TECHLAB 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 MONTGOMERY TECHLAB INC?
- The 990 for the year ended December 31, 2024 names MARCUS SHAW.
- Who are the officers and directors of MONTGOMERY TECHLAB INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does MONTGOMERY TECHLAB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $193,672, expenses of $386,616 and total assets of $503,887 at year end.
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All nonprofits in MONTGOMERY · Alabama · Community improvement and capacity building