EIN 75-2775052

Techfw

IRS 501(c) type
501(c)(3)
Num. employees
5
State
Year formed
1998
Most recent tax filings
2023-12-01
Description
TechFW empowers entrepreneurs to commercialize innovative technology and fosters the development of North Texas' technology business community. Entrepreneurs can benefit from ThinkLab, a program that allows them to invest in the foundations of their venture, while angel investors and entrepreneurs from around the country can connect through TechFW's Cowtown Angels program. In addition, SmartVest educates new investors on best practices and the organization partners with others to produce events that connect key players in the industry.
Also known as...
Fort Worth Medtech Center; Tech Fort Worth
Total revenues
$826,389
2023
Total expenses
$632,577
2023
Total assets
$2,196,408
2023
Num. employees
5
2023

Program areas at Techfw

For entrepreneurs: Techfw is entrepreneurs helping entrepreneurs commercializeinnovative technologies. Techfw has four main programs for entrepreneurs. Thinklab isa personal investment by an entrepreneur in the foundations of their technologyventure and skill development as a founder and entrepreneur. By design, the thinklabprogram helps founders and entrepreneurs determine whether there is enough value topursue a product or service idea, identify potential markets, develop a path tomarket strategy, and learn how to communicate the value of the idea to earlystakeholders and adopters. Smartstart is where founders build and launch theirstartup and tirelessly advance the people, tools and culture within their venture.the goal of smartstart is to make it happen, through customized efforts to refine theplan, refer the company to appropriate management, consultants, potential partners,or others, and help the company find appropriate funding, etc. Smartstart clientscan lease space during the time they need to implement their plans. Fastforward isfor executives scaling high-growth companies and taking on new leadership challengeswith their business model. New executives often need help in seeking funding forgrowth, hiring, marketing, sales, implementing processes, and many other challenges.companies in smartstart and fast forward qualify for our m-crew program, which is atechfw differentiator because a team of mentors with diverse experiences works withcompanies for six months. During this time, they focus on central barriers to growthand implementation that the founders and executives are facing. Our ability torecruit skilled mentors in diverse industries and match them to the needs of thecompanies has been the success of the program.
For investors: Techfw facilitates the interaction between angel investors andentrepreneurs from across the country with our cowtown angels program, educates new investors through our smartvest program and partners with organizations to produceevents connecting investors and entrepreneurs. The cowtown angels program wasstarted in september 2012 to create a mechanism whereby local technology-basedbusinesses could gain access to local funding by private investors. Members, whoare accredited investors, pay an annual fee that entitles them to participate inmonthly meetings to hear pitches from companies. Techfw coaches and helps preparethe applying companies so that they are better able to present their businesseswell, provides feedback to the applying companies before and after their pitches,and facilitates all the meetings of the angel network. Each member makes his or herown investing decisions. Cowtown angels generally has three profiles of members:retired professionals, serial entrepreneurs, and professional investors, includingfamily offices and private equity firms. Cowtown angels is a member of the angelcapital association.
Outreach to the community: our outreach initiatives have a daily impact on thecommunity. Techfw is at the epicenter of innovation in Fort Worth and responds dailyto community inquiries, networks its clients to the community and vice versa, andserves on committees across multiple industries to help Fort Worth innovate and grow.during the year, Techfw produces monthly newsletters, weekly events, and otherspecialty events for the entrepreneurial community and our members. We partner withseveral organizations and institutions, including universities, corporations, serviceproviders, and other entrepreneur support organizations.

Personnel at Techfw

NameTitleCompensation
Hayden BlackburnExecutive Director$101,923
Sarah WhiteOperations Manager
Dev'N GoodmanEngagement Manager
Laura BaldwinBoard Member$0
Alem BoukadoumTreasurer / Director$0
...and 7 more key personnel

Financials for Techfw

RevenuesFYE 12/2023
Total grants, contributions, etc.$434,471
Program services$391,837
Investment income and dividends$81
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$826,389

Form 990s for Techfw

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-04990View PDF
2022-122023-11-01990View PDF
2021-122022-06-10990View PDF
2020-122021-06-08990View PDF
2019-122021-01-21990View PDF
...and 8 more Form 990s

Organizations like Techfw

OrganizationLocationRevenue
Business Training Institute (WBC of NYS)Utica, NY$1,146,341
BizstartsMilwaukee, WI$808,515
Women's Enterprise Development CenterWhite Plains, NY$1,781,258
TrailheadBoise, ID$893,819
Endeavor MidwestLouisville, KY$577,647
Endeavor DetroitDetroit, MI$1,166,230
Sync Space Entrepreneur CenterKingsport, TN$641,438
TheCOJackson, TN$799,360
Adelante Center for EntrepreneurshipWaukegan, IL$250,871
Wyoming Women's Business CenterLaramie, WY$738,273
Data update history
November 14, 2024
Posted financials
Added Form 990 for fiscal year 2023
October 23, 2024
Used new vendors
Identified 1 new vendor, including
January 21, 2024
Updated personnel
Identified 1 new personnel
January 14, 2024
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Employment organizationsBusiness and community development organizationsCharities
Issues
EducationBusiness and industry
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
1120 S Freeway
Fort Worth, TX 76104
Metro area
Dallas-Fort Worth-Arlington, TX
County
Tarrant County, TX
Website URL
techfortworth.org/ 
Phone
(817) 339-8968
IRS details
EIN
75-2775052
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1998
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
611430: Professional and Management Development Training
Parent/child status
Independent
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