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Center for Technology Research and Commercialization

Center for Technology Research and Commercialization

Colorado Springs, CO 80903
Tax ID47-5184860

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About this organization

Revenue

$3,042,661

Expenses

$3,069,406

Website

c-trac.org

Mission

TO PROMOTE AND SUPPORT INNOVATION, RESEARCH, AND THE COMMERCIALIZATION OF NEW AND EMERGING TECHNOLOGIES THROUGH COLLABORATIVE PARTNERSHIPS WITH COMMERCIAL INDUSTRY, ACADEMIA, MILITARY, AND GOVERNMENT RESEARCH ORGANIZATIONS ACROSS MULTIPLE ADVANCED INDUSTRY SECTORS THAT PROVIDE SERVICES AND PRODUCTS IN THE AEROSPRACE, DEFENSE AND HOMELAND SECURITY, TECHNOLOGY AND INFORMATION, ELECTRONICS, CYBER SECURITY, SOFTWARE ENGINEERING AND ADVANCED MANUFACTURING INDUSTRIES.

About

THE ORGANIZATION HAS TAKEN THE INITIAL STEPS TO ORGANIZE AND PROMOTE THE COMMON BUSINESS INTERESTS OF COMPANIES OPERATING IN THE ADVANCED INDUSTRIES IN SOUTHERN COLORADO AND STRENGTHEN SOUTHERN COLORADO, THE CATALYST CAMPUS AND C-TRAC AS A NATIONALLY RECOGNIZED HUB FOR SPACE AND CYBER TECHNOLOGIES AND FOR THE DISCOVERY, EXPLORATION AND TRANSFER OF GOVERNMENT-SUBSIDIZED AND -DEVELOPED TECHNOLOGIES TO THE COMMERCIAL WORLD.WE HAVE BEEN WORKING CLOSELY WITH THE AIR FORCE RESEARCH LABORATORY (AFRL) TO ANSWER CONGRESS CONCERN ABOUT THE FAILURE OF THE AIR FORCE TO EFFECTIVELY TRANSITION GOVERNMENT-SUBSIDIZED AND -DEVELOPED TECHNOLOGIES TO THE COMMERCIAL WORLD. OUR TECHNOLOGY TRANSFER ONLINEMARKET (THE TECHNOLOGY MARKETPLACE) IS DESIGNED TO NOT ONLY ADDRESS CONGRESS CONCERNS, BUT MAKE THE TECHNOLOGY TRANSEFER PROCESS WITHIN THE AIR FORCE TRANSPARENT AND MUCH MORE EFFICIENT THAN CURRENT PROCESSES. WE ARE APPROXIMATELY 75% COMPLETE.IN AUGUST 2016, WE BEGAN WORKING WITH THE AIR FORCES CYBER INNOVATION CENTER, KNOWN AS CYBERWORX, TO DELIVER INNOVATIVE CYBER-ORIENTED SOLUTIONS TO CURRENT AIR FORCE ISSUES AND INITIATIVES. SINCE ITS INCEPTION, C-TRAC HAS SUPPORTED THE CYBERWORX PROGRAM THROUGH THE RECRUITMENT OF INDUSTRY PARTNERS AND LOGISTICS SUPPORT TO NEARLY A DOZEN DESIGN SPRINTS AND PROJECTS ALONGSIDE USAFA CADETS AND ACTIVE DUTY SERVICEMEMBERS. THESE PROJECTS FOCUSED HEAVILY ON USING AND DESIGNING TECHNOLOGY TO DELIVER SOLUTIONS TO WARFIGHTER PROBLEMS.

Interesting data from their 2019 990 filing

The non-profit's aim, as stated in the filing, is “To promote and support innovation, research, and the commercialization of new and emerging technologies through collaborative partnerships with commercial industry, academia, military, and government research organizations across multiple advanced industry sectors that provide services and products in the aerosprace, defense and homeland security, technology and information, electronics, cyber security, software engineering and advanced manufacturing industries.”.

When referring to its actions, they were outlined as: “To promote and support innovation, research, and the commercialization of new and emerging technologies through collaborative partnerships with commercial industry, academia, military, and government research organizations across multiple advanced industry sectors that provide services and products in the aerosprace, defense and homeland security, technology and information, electronics, cyber security, software engineering and advanced manufacturing industries.”.

  • The non-profit has complied with legal obligations by reporting their state of operation as CO.
  • The non-profit's form for 2019 reports a total of 12 employees.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor-advised fund.
  • Is not a private foundation.
  • Expenses are between $500,000 and $1,000,000+.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is -$82,864.
  • The CEO compensation package within the organization is not established through a review and approval by a neutral party.
  • The organization has 5 independent voting members.
  • The organization is required to file Schedule O.
  • The organization pays $583,127 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization's financial statements were reviewed by an accountant.

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