Central New York Technology Development Organization Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 161339956 ✦ Liverpool, NY ✦ Designated as a 501(c)(3)

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Overview

What is Central New York Technology Development Organization Inc?

Central New York Technology Development Organization Inc, based in Liverpool, New York, is a nonprofit organization dedicated to boosting the local economy. They achieve this by working closely with Central New York's manufacturers and technology companies, helping them enhance operational efficiency and undergo cultural transformation. Their strategies encompass initiatives in areas such as Lean Six Sigma, workforce and leadership development, strategic planning, quality systems, marketing and sales strategies, and the implementation of innovative technologies. Additionally, they offer assistance to researchers and entrepreneurs, aiding in the development of successful business strategies, facilitating the transfer of university-developed technologies, and smoothing the transition from start-ups to mature organizations. With a team of five dedicated individuals, Central New York Technology Development Organization Inc plays a significant role in driving growth and improvement within the local technology sector.


Official website here: www.tdo.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 92% (Four-Star out of Four Star rating) from Charity Navigator.

The Central New York Technology Development Organization Inc has achieved a strong Four-Star rating from Charity Navigator, reflecting its commitment to accountability and financial health. The rating is based on a perfect score in the Accountability & Finance category, indicating that the organization adheres to best practices in governance and financial transparency.

Strengths of the organization include having a fully independent board, which enhances the integrity of its decision-making processes. Additionally, they have demonstrated robust financial management with a high program expense ratio of 89%, suggesting that a significant portion of their funds directly support their mission. The presence of comprehensive policies, such as conflict of interest and whistleblower policies, further underscores their commitment to ethical operations.

There are no notable limitations identified in the data provided. Overall, the Central New York Technology Development Organization Inc presents itself as a reliable nonprofit that prioritizes transparency and effective use of resources.


This AI summary has been generated from information found on Charity Navigator.

Is Central New York Technology Development Organization Inc legitimate?

Central New York Technology Development Organization Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central New York Technology Development Organization 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: $218,377
Professional Fundraising Fees: $0
Other Salaries and Wages: $783,120

For more financial information, click here


Official website here: www.tdo.org

What is the mission statement of Central New York Technology Development Organization Inc?

The Central New York Technology Development Organization Inc aims to stimulate economic growth by assisting local manufacturers and technology companies in Central New York. This is achieved by facilitating operational excellence and cultural transformation within these organizations, enabling them to reach their full potential. The organization works closely with businesses to develop and implement strategic plans and problem-solving initiatives. Their approach encompasses various areas, such as Lean Six Sigma, workforce and leadership development, strategic planning, quality systems, marketing and sales strategies, and the implementation of cutting-edge technologies. For researchers and entrepreneurs, the organization offers guidance in crafting successful business strategies, transferring university-developed technologies, and navigating the transition from start-ups to mature companies.


Official website here: www.tdo.org

Who is the CEO of Central New York Technology Development Organization Inc?

James A D'Agostino is the CEO of Central New York Technology Development Organization Inc The CEO's salary of Central New York Technology Development Organization Inc is $165,846 and their total compensation is $173,834.


Official website here: www.tdo.org

What is the revenue of Central New York Technology Development Organization Inc?

Central New York Technology Development Organization Inc's revenue in 2023 was $1,679,426.


Official website here: www.tdo.org

Who are the executives of Central New York Technology Development Organization Inc and what are their salaries?

The average compensation at Central New York Technology Development Organization Inc during 2023 was $143,071. There are 7 employees and 11 volunteers at Central New York Technology Development Organization Inc.

Here are 16 key members and their salaries (Central New York Technology Development Organization Inc's CEO's salary is $165,846 and their total compensation is $173,834):


Tracy Foltz (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Mcglynn (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Ellerton (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brooke Rowe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Miller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Graham Harrington (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jaime Sweet (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Fish (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Kolinski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Wolken (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Campbell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James A D'Agostino (Ceo)
  • Compensation: $165,846
  • Related: $0
  • Other: $7,988
Scott Laundry (Employee)
  • Compensation: $145,097
  • Related: $0
  • Other: $8,279
Sarah Burlingame (Employee)
  • Compensation: $136,160
  • Related: $0
  • Other: $10,518
Michael Metzgar (Employee)
  • Compensation: $130,986
  • Related: $0
  • Other: $815
Marc Bicknell (Employee)
  • Compensation: $126,683
  • Related: $0
  • Other: $6,282


Official website here: www.tdo.org

Where can I find the form 990 for Central New York Technology Development Organization Inc?

Central New York Technology Development Organization Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.tdo.org

Learn more at the official website: www.tdo.org

Mission Statement of Central New York Technology Development Organization Inc

Central New York Technology Development Organization, often referred to as CNY TDO, is dedicated to fostering the growth of the local economy in its region. The organization achieves this by providing support to local manufacturers and technology companies in Central New York. Its mission is centered around driving operational excellence and cultural transformation within these organizations, enabling them to reach their full potential.

CNY TDO operates on a hands-on approach, collaborating closely with organizations to develop and implement strategies that cater to their specific goals and address the challenges they face. This is achieved through a range of initiatives, including Lean Six Sigma, workforce and leadership development, strategic planning, quality systems, marketing and sales strategies, and the implementation of leading-edge technologies, among others.

For researchers and entrepreneurs, CNY TDO serves as a valuable resource. It assists in the development of successful business strategies, facilitates the transfer of university-developed technologies, and guides the transition of start-ups towards mature organizations. By playing a pivotal role in this process, CNY TDO contributes significantly to the growth and success of the local economy in the Central New York region.

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Impact




October, 2024

Central New York Technology Development Organization Inc (CNY TDO) plays a significant role in enhancing the local economy by empowering manufacturers and technology companies in Central New York. Through hands-on collaboration, CNY TDO assists organizations in refining their operations and fostering cultural transformation, enabling them to achieve their full potential.

The organization implements a variety of strategies that include Lean Six Sigma practices, workforce and leadership development, strategic planning, and quality systems. By introducing cutting-edge technologies and innovative marketing and sales strategies, CNY TDO helps companies address their unique challenges and achieve operational excellence.

For researchers and entrepreneurs, CNY TDO serves as a critical ally in formulating effective business strategies and facilitating the transfer of university-developed technologies. This support is vital for startups as they navigate the complex process of growing into mature organizations. Overall, CNY TDO's initiatives significantly contribute to the vitality and sustainability of the local economy in Central New York.




This information is meant to be a general summary of Central New York Technology Development Organization 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.

Revenue
$1,679,426 (2023)
Expenses
$1,729,193 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $70,545
  • Program Service Revenue: $908,537
  • Gross Receipts: $1,679,426

Assets and Liabilities:

  • Total Assets: $2,098,783
  • Total Liabilities: $74,961
  • Net Assets: $2,023,822

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONSULTING FEES

Revenue

$908,537

Organization Details

Founding Year

1988

Principal Officer

James A D'Agostino

NTEE Category

Code: S43 - Community improvement

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