MONTGOMERY TECHLAB INC

EIN: 852511814 501(c)(3) Community Improvement

MONTGOMERY, AL

Total Revenue
$252,500
Total Expenses
$211,517
Total Assets
$722,727
Net Assets
$700,559
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
AL
Principal Officer
MARCUS SHAW
Tax Period
2023-01-01 to 2023-12-31

MONTGOMERY TECHLAB INC, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2022. The organization ran a surplus of $660K, a strong 44% operating margin.

Mission

TO ADVANCE INNOVATION AND ENTREPRENEURSHIP IN THE MONTGOMERY REGION THROUGH EDUCTION, ACCELERATION, AND INCUBATION.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $252,500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $252,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $4,330
Program Expenses $186,584
Other Expenses $211,517
TOTAL EXPENSES $211,517

Year-over-Year Comparison

2023 2022 Change
Revenue $252,500 $1,487,500 -0.8%
Expenses $211,517 $827,884 -0.7%
Net Income $40,983 $659,616 -0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN MONDS DIRECTOR N/A
Director
$0 $0 $0
MARCUS SHAW EXECUTIVE DI N/A
Officer Director
$0 $0 $0
JABALI WILLIAMS DIRECTOR N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $252,500 $211,517 $722,727 $40,983
2022 $1,487,500 $827,884 $743,057 $659,616
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