Overview
What is Alfred Technology Resources Inc?
Alfred Technology Resources Inc, operating under the name IncubatorWorks, is a nonprofit organization situated in Painted Post, New York. Their primary mission is to stimulate economic development in the Southern Tier region of New York by supporting the creation of innovative business start-ups. They achieve this through their business incubator facilities and the related programmatic support provided by their staff and university collaborators. The focus of these business incubators is on advanced manufacturing entrepreneurial startups. They offer facility rentals for manufacturing, lab, office, and collaborative work spaces to incubator clients, including business startups and research & development operations. The ultimate goal is to grow these startups, commercialize the R&D, and create jobs within the region. With a workforce of 11 individuals, IncubatorWorks plays a significant role in fostering economic growth in the Southern Tier region.
Official website here: www.incworks.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Alfred Technology Resources Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial transparency. The organization excelled in various metrics that assess governance and financial health, demonstrating a solid structure with a fully independent board of directors and robust financial oversight.
The nonprofit's fiscal management is noteworthy, with a high program expense ratio of 78.55%, signifying that a significant portion of its funding is directed toward its programs rather than administrative costs. Additionally, the organization adheres to rigorous policies, including conflict of interest and whistleblower protections, ensuring ethical practices are maintained.
While the organization shows strong performance in financial accountability, the summary does not indicate any specific program achievements or qualitative outcomes, which can provide further context on its impact in the community. Overall, Alfred Technology Resources Inc stands out for its governance practices and fiscal responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is Alfred Technology Resources Inc legitimate?
Alfred Technology Resources Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alfred Technology Resources Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $134,919
Professional Fundraising Fees: $0
Other Salaries and Wages: $483,666
For more financial information, click here
Official website here: www.incworks.org
What is the mission statement of Alfred Technology Resources Inc?
Alfred Technology Resources Inc is dedicated to fostering economic growth in a specific region, primarily through the support of innovative startup businesses in the advanced manufacturing sector. By providing business incubator facilities and related programming assistance, they aim to create job opportunities and contribute to the region's economic development. The organization collaborates with universities to ensure the success of these entrepreneurial startups.
Official website here: www.incworks.org
What is the revenue of Alfred Technology Resources Inc?
Alfred Technology Resources Inc's revenue in 2024 was $1,910,373.
Official website here: www.incworks.org
Who are the executives of Alfred Technology Resources Inc and what are their salaries?
The average compensation at Alfred Technology Resources Inc during 2024 was $21,331. There are 29 employees and 17 volunteers at Alfred Technology Resources Inc.
Here are 18 key members and their salaries:
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- Compensation: $105,240
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- Other: $26,360
Official website here: www.incworks.org
Where can I find the form 990 for Alfred Technology Resources Inc?
Alfred Technology Resources Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.incworks.org
Learn more at the official website: www.incworks.org
Mission Statement of Alfred Technology Resources Inc
Alfred Technology Resources Inc is dedicated to stimulating economic development in the Southern Tier region of New York. They achieve this by supporting the creation of innovative business start-ups in the advanced manufacturing sector. The organization provides this support through their business incubator facilities and the programmatic assistance offered by their staff and university collaborators. The primary focus of Alfred Technology Resources Inc's business incubators is on entrepreneurial startups in the field of advanced manufacturing, aiming to foster job creation and contribute to the region's economic growth.
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Impact
October, 2024
Alfred Technology Resources Inc significantly impacts economic development in the Southern Tier region of New York by fostering the growth of innovative business start-ups, particularly in advanced manufacturing. Through its business incubator facilities, the organization provides essential resources, including manufacturing, laboratory, office, and collaborative workspaces, tailored to the needs of entrepreneurial ventures.
The support from ATRI staff and collaborations with universities enhances the incubation experience, ensuring that these startups are equipped to commercialize their research and development efforts effectively. This comprehensive support system not only aids in the growth of the startups but also plays a crucial role in job creation within the community. By stimulating local entrepreneurship and innovation, Alfred Technology Resources Inc contributes to a more vibrant economy and a strengthened community in the region.
This information is meant to be a general summary of Alfred Technology Resources Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $18,546
- Program Service Revenue: $1,057,528
- Gross Receipts: $1,910,373
Assets and Liabilities:
- Total Assets: $3,397,077
- Total Liabilities: $1,504,430
- Net Assets: $1,892,647
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BUILDING RENTAL
Revenue
$1,056,478
OTHER
Revenue
$1,050
Organization Details
Founding Year
1988
Principal Officer
Ashleigh Madison
Website
www.incworks.orgNTEE Category
Code: S43Z - Community improvement
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