Overview

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Est.

1998

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

Fort Worth MedTech Center Inc dba TechFW is a nonprofit organization focused on business and industry, dedicated to promoting local economic development and social welfare in the Southside Medical District of Fort Worth, TX. With an operating budget of $1.1M and total revenue of $599.3K for the 2024 filing year, TechFW operates a small business incubator that supports medical and technology-oriented start-ups by providing below-market operating space and management counseling. The organization receives funding from notable sources, including the Texas Women's Foundation, FORT WORTH PROMOTION AND DEVELOPMENT FUN, and THE SATORI FOUNDATION, none of which contribute 50% or more of its revenue.

Mission Statement

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.
Revenues
$599.3K
Expenses
$1.1M
Net Income:
-$494.4K
Assets
$1.5M
Liabilities
$50.8K
Net Assets:
+$1.5M
Operating Budget
$1.1M
Operating Budget by Year

Due Diligence

Are you a grantmaker?
Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
2
Median grant size
$10K
Largest grant received
$15K
R
Ryan Brown
Board Member
R
Rodney d'Souza
Board Member
M
Manan Atit
Board Member

Frequently Asked Questions

What is Fort Worth MedTech Center Inc dba TechFW’s budget?
In 2024, Fort Worth MedTech Center Inc dba TechFW reported an annual operating budget of around $1.1 million. More detailed financial information is available to registered users.
What causes does Fort Worth MedTech Center Inc dba TechFW support?
Fort Worth MedTech Center Inc dba TechFW supports work in Business and industry.
Where does Fort Worth MedTech Center Inc dba TechFW operate?
Fort Worth MedTech Center Inc dba TechFW is headquartered in Fort Worth, TX.
Who funded Fort Worth MedTech Center Inc dba TechFW recently?
In 2021, Fort Worth MedTech Center Inc dba TechFW received grants from Texas Women's Foundation, THE SATORI FOUNDATION, and FORT WORTH PROMOTION AND DEVELOPMENT FUN. More information on this organization’s funders is available to registered users.
What is the largest grant Fort Worth MedTech Center Inc dba TechFW received in 2021?
The largest grant to Fort Worth MedTech Center Inc dba TechFW in 2021 exceeds $15 thousand.