Civic Intelligence

Northeast Ohio Technology Coalition Inc

990 • Fiscal year 2010 • EIN 34-1316549

Jan 01, 2010 to Dec 31, 2010 • Filed on Nov 10, 2011

737 Bolivar Road No 100044115
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

44th percentile

0.17x

Higher debt load relative to assets than 44% of similar nonprofits.

2010 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$2,886,435

No earlier filing loaded for comparison.

Net Assets

$2,384,324

No earlier filing loaded for comparison.

Liabilities

$502,111

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$5,219,101

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,886,435Liabilities 2010: $502,111Net Assets 2010: $2,384,3242010Assets 2011: $3,163,686Liabilities 2011: $327,198Net Assets 2011: $2,836,4882011Assets 2012: $2,522,718Liabilities 2012: $280,529Net Assets 2012: $2,242,1892012Assets 2013: $1,966,065Liabilities 2013: $266,939Net Assets 2013: $1,699,1262013Assets 2014: $416,171Liabilities 2014: $90,699Net Assets 2014: $325,4722014

Highlighted filing

2010

Assets$2,886,435
Liabilities$502,111
Net Assets$2,384,324

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $5,219,1012010Expenses 2011: $3,776,2892011Expenses 2012: $4,032,8362012Revenue 2013: $2,742,906Expenses 2013: $3,285,969Net Income 2013: -$543,0632013Revenue 2014: $1,773,987Expenses 2014: $3,147,641Net Income 2014: -$1,373,6542014

Highlighted filing

2010

Revenue-
Expenses$5,219,101
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2010 to Dec 31, 2010
Signed
Nov 10, 2011
Return Version
2010v3.4
Gross Receipts
$5,400,315
Mission and Program Overview

Mission

Northeast ohio technology coalition, inc. ("nortech") works to revitalize northeast ohio by accelerating the growth of innovation clusters in the region's emerging industries. Nortech engages companies and colleges/universities for business, funding and research opportunities that create jobs, attract capital and have a long-term, economic impact. Nortech also promotes northeast ohio as a hub of innovation to attract resources to the region.

Major Activities

Activity 2
Energy enterprise: nortech energy enterprise is leading a collaborative regional effort to drive growth across all sectors in advanced energy. By accelerating commerical activity, we are helping to develop an advanced energy cluster in northeast ohio, which will result in long-term, positive economic impact on the region. Serving as the focal point in northeast ohio for the advanced energy cluster, nortech energy enterprise marshals resources and forges collaborations to drive growth. Our services include connecting and convening public, private and adademic partners to define the vision, strategy and priorities for the region; hosting educational programs and workshops; connecting cluster members with state and federal funding opportunities; building relationships to attract later stage capital; communicating progress and performance of the region's advanced energy cluster; and promoting the region's advanced energy story to audiences inside and outside the region. We also lead and champion a portfolio of high-reward projects that create jobs and attract capital.
Activity 3
Strategic outreach: strategic outreach focuses on nortech's overall marketing and communications strategy and operations as well as building and maintaining relationships with a broad base of stakeholders throughout the region. Strategic outreach enables and supports nortech's regional activities within flexible electronics and energy enterprise. The goal of this program is to advance the region as well as the organization's position with relevant constituents and to drive broader awareness and support of nortech and its initiatives in northeast ohio.
Filing and Contact Details

Filer

EIN
34-1316549
Raw XML AppendixShowing 400 of 810 raw XML fields

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IRS990/Activity2/Description0ENERGY ENTERPRISE: NORTECH ENERGY ENTERPRISE IS LEADING A COLLABORATIVE REGIONAL EFFORT TO DRIVE GROWTH ACROSS ALL SECTORS IN ADVANCED ENERGY. BY ACCELERATING COMMERICAL ACTIVITY, WE ARE HELPING TO DEVELOP AN ADVANCED ENERGY CLUSTER IN NORTHEAST OHIO, WHICH WILL RESULT IN LONG-TERM, POSITIVE ECONOMIC IMPACT ON THE REGION. SERVING AS THE FOCAL POINT IN NORTHEAST OHIO FOR THE ADVANCED ENERGY CLUSTER, NORTECH ENERGY ENTERPRISE MARSHALS RESOURCES AND FORGES COLLABORATIONS TO DRIVE GROWTH. OUR SERVICES INCLUDE CONNECTING AND CONVENING PUBLIC, PRIVATE AND ADADEMIC PARTNERS TO DEFINE THE VISION, STRATEGY AND PRIORITIES FOR THE REGION; HOSTING EDUCATIONAL PROGRAMS AND WORKSHOPS; CONNECTING CLUSTER MEMBERS WITH STATE AND FEDERAL FUNDING OPPORTUNITIES; BUILDING RELATIONSHIPS TO ATTRACT LATER STAGE CAPITAL; COMMUNICATING PROGRESS AND PERFORMANCE OF THE REGION'S ADVANCED ENERGY CLUSTER; AND PROMOTING THE REGION'S ADVANCED ENERGY STORY TO AUDIENCES INSIDE AND OUTSIDE THE REGION. WE ALSO LEAD AND CHAMPION A PORTFOLIO OF HIGH-REWARD PROJECTS THAT CREATE JOBS AND ATTRACT CAPITAL.
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IRS990/Activity3/Description0STRATEGIC OUTREACH: STRATEGIC OUTREACH FOCUSES ON NORTECH'S OVERALL MARKETING AND COMMUNICATIONS STRATEGY AND OPERATIONS AS WELL AS BUILDING AND MAINTAINING RELATIONSHIPS WITH A BROAD BASE OF STAKEHOLDERS THROUGHOUT THE REGION. STRATEGIC OUTREACH ENABLES AND SUPPORTS NORTECH'S REGIONAL ACTIVITIES WITHIN FLEXIBLE ELECTRONICS AND ENERGY ENTERPRISE. THE GOAL OF THIS PROGRAM IS TO ADVANCE THE REGION AS WELL AS THE ORGANIZATION'S POSITION WITH RELEVANT CONSTITUENTS AND TO DRIVE BROADER AWARENESS AND SUPPORT OF NORTECH AND ITS INITIATIVES IN NORTHEAST OHIO.
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IRS990/ActivityOther/Description2SPECIAL PROGRAMS: ONE IMPORTANT ASPECT OF NORTECH'S MISSION IS TO SCAN THE REGION FOR DEVELOPING NEEDS IN THE TECHNOLOGY-BASED ECONOMIC DEVELOPMENT LANDSCAPE AND RESPOND APPROPRIATELY TO EXPLORE OPPORTUNITIES. NORTECH ENGAGES IN A VARIETY OF ACTIVITIES THAT FALL UNDER THIS CATERGORY. A SIGNIFICANT ACTIVITY IN THIS CATEGORY WAS THE SUPPORT OF A FEASIBILITY STUDY TO ASSESS THE POTENTIAL FOR OFFSHORE WIND DEVELOPMENT IN LAKE ERIE. ANOTHER SIGNIFICANT ACTIVITY WAS THE ASSESSMENT OF THE VALUE AND IMPACT OF THE OHIO THIRD FRONTIER TO NORTHEAST OHIO AND SUPPORT FOR CONTINUING THE OHIO THIRD FRONTIER PROGRAM. IN MAY 2010 OHIO VOTERS REAUTHORIZED A $700 MILLION BOND INITIATIVE TO EXTEND FUNDING FOR THE PROGRAM THROUGH 2016.
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IRS990/Description0INVESTMENT AND ENTREPRENEURSHIP: NORTECH ADMINISTERS THE ENTREPRENEURIAL SIGNATURE PROGRAM (ESP) IN NORTHEAST OHIO. ESP IS FUNDED BY OHIO THIRD FRONTIER. THE ESP PROVIDES COACHING, MENTORING, BUSINESS FORMATION COUNSEL AND OTHER BUSINESS STRATEGY AND SUPPORT SERVICES TO ENTREPRENEURS SEEKING TO BUILD NEW TECHNOLOGY-BASED COMPANIES IN NORTHEAST OHIO. ESP ALSO PROVIDES FUNDING THAT FLOWS TO EARLY STAGE TECHNOLOGY BASED COMPANIES IN THE REGION.
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