Civic Intelligence

Northeast Ohio Technology Coalition Inc

990 • Fiscal year 2012 • EIN 34-1316549

Jan 01, 2012 to Dec 31, 2012 • Filed on Nov 11, 2013

737 Bolivar Road No 100044115
Siviq Scores

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

Liabilities / Assets

48th percentile

0.11x

Higher debt load relative to assets than 48% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

6th percentile

-20%

Faster asset growth than 6% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$2,522,718

Down $640,968 (-20%) from 2011

Net Assets

Down

$2,242,189

Down $594,299 (-21%) from 2011

Liabilities

Down

$280,529

Down $46,669 (-14%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$4,032,836

Up $256,547 (+6.8%) from 2011

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

2012

Assets$2,522,718
Liabilities$280,529
Net Assets$2,242,189

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

2012

Revenue-
Expenses$4,032,836
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Nov 11, 2013
Return Version
2012v2.1
Gross Receipts
$3,438,537
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
Flexmatters: flexible electronics is a science and manufacturing opportunity to print or deposit ultra-thin electronic components and devices on materials that flex, bend, fold or stretch. An innovation cluster has emerged around the flexible electronics industry in northeast ohio, and nortech has launched an initiative called flexmatters to accelerate its growth. There are currently 59 flexmatters cluster companies and/or research centers. Through its roadmapping work, nortech has identified $42 billion in global market opportunities for the cluster, which could create an estimated 3,020 jobs within seven years. Nortech assists its members with accelerating the commercialization of products through industry-specific cluster services, which include building cluster-based project teams, accessing industry-relevant project funding, and engaging anchor customers. Cluster metrics, such as the number of jobs created, payroll generated and capital attracted, are used to guide the evolution of these services.
Activity 3
Strategic outreach: nortech's strategic outreach work is designed to build regional, national and international awareness of and attract resources to northeast ohio's emerging innovation clusters. It raises the visibility of northeast ohio's technology assets, positions the region as an innovation hub and affects policy. Supporting efforts include media placements, presentations, exhibits and events. Strategic outreach also encompasses engaging policymakers, business leaders, funders and other influencers for opportunities that create jobs, attract capital and have a long-term, economic impact on northeast ohio.
Filing and Contact Details

Filer

EIN
34-1316549
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IRS990/Form990PartVIISectionA/Title2PRESIDENT & CEO
IRS990/Form990PartVIISectionA/Title3SECRETARY
IRS990/Form990PartVIISectionA/Title4TRUSTEE
IRS990/Form990PartVIISectionA/Title5TRUSTEE
IRS990/Form990PartVIISectionA/Title6TRUSTEE
IRS990/Form990PartVIISectionA/Title7TRUSTEE
IRS990/Form990PartVIISectionA/Title8TRUSTEE
IRS990/Form990PartVIISectionA/Title9TRUSTEE
IRS990/Form990PartVIISectionA/Title10TRUSTEE
IRS990/Form990PartVIISectionA/Title11TRUSTEE
IRS990/Form990PartVIISectionA/Title12TRUSTEE
IRS990/Form990PartVIISectionA/Title13TRUSTEE
IRS990/Form990PartVIISectionA/Title14TRUSTEE
IRS990/Form990PartVIISectionA/Title15VICE CHAIRMAN
IRS990/Form990PartVIISectionA/Title16TRUSTEE
IRS990/Form990PartVIISectionA/Title17TRUSTEE
IRS990/Form990PartVIISectionA/Title18TRUSTEE
IRS990/Form990PartVIISectionA/Title19TRUSTEE
IRS990/Form990PartVIISectionA/Title20TRUSTEE
IRS990/Form990PartVIISectionA/Title21TRUSTEE
IRS990/Form990PartVIISectionA/Title22CHAIRMAN
IRS990/Form990PartVIISectionA/Title23TRUSTEE
IRS990/Form990PartVIISectionA/Title24TRUSTEE
IRS990/Form990PartVIISectionA/Title25TRUSTEE
IRS990/Form990PartVIISectionA/Title26VP-STRATEGIC INITIATIVES
IRS990/Form990PartVIISectionA/Title27VP-FLEXMATTERS
IRS990/Form990PartVIISectionA/Title28VP-ENERGY ENERPRISE
IRS990/Form990PartVIISectionA/Title29VP-STRATEGIC OUTREACH
IRS990/Form990PartVIISectionA/Title30SENIOR CONSULTANT
IRS990/Form990PartVIISectionA/Title31SENIOR CONSULTANT
IRS990/Form990PartVIISectionA/Title32SENIOR CONSULTANT
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IRS990/MissionDescription0NORTECH 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.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/NameOfPrincipalOfficerPerson0REBECCA BAGLEY
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IRS990/NbrVotingMembersGoverningBody026
IRS990/NetAssetsOrFundBalancesBOY02836488
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IRS990/NonDeductibleContributions00
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