Overview
What is Automation Alley Fund?
Automation Alley Fund is a charitable organization based in Troy, Michigan, with a mission to fund innovative programs that align with Automation Alley's goal. By partnering with benefactors, the fund supports the business community, foundations, and the larger community, ultimately helping Automation Alley guide the broader region towards Industry 4.0. The fund's role is instrumental in fueling initiatives that contribute to the advancement of technology and industry in their local community.
Official website here: www.automationalley.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
The Automation Alley Fund has received an overall rating of 83%, reflecting a solid performance in terms of accountability and finance. This score is derived from a comprehensive analysis emphasizing financial practices and governance structures. A key strength of the organization is its independent board composition, which consists of 75% independent members, demonstrating a commitment to transparency and ethical oversight.
The Fund showcases strong financial management, with an impressive program expense ratio of 92.86%, indicating that a significant portion of its resources is directed towards its charitable mission. Additionally, the organization has maintained a low liabilities to assets ratio of just 1.64%, which suggests a stable financial foundation. However, it is worth noting that the organization is missing a whistleblower policy and a document retention and destruction policy, which could be areas for improvement in governance practices.
Overall, while the Automation Alley Fund exhibits noteworthy strengths in its financial accountability and governance structure, addressing the gaps in its policy framework could enhance its operational integrity and stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Automation Alley Fund legitimate?
Automation Alley Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Automation Alley Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.automationalley.com
What is the mission statement of Automation Alley Fund?
The Automation Alley Fund's mission is to support innovative programs aligned with Automation Alley's mission. By funding these programs, the fund aims to connect them with benefactors, thereby enabling the business community, foundations, and the larger community to navigate towards Industry 4.0. The Automation Alley Fund serves as a catalyst, guiding the broader community towards embracing advanced manufacturing and technology trends. The fund's activities are geared towards fostering collaboration and ensuring that the region stays at the forefront of technological advancements.
Official website here: www.automationalley.com
Who is the CEO of Automation Alley Fund?
Jake Sigal is the President of Automation Alley Fund.
Official website here: www.automationalley.com
What is the revenue of Automation Alley Fund?
Automation Alley Fund's revenue in 2022 was $579.
Official website here: www.automationalley.com
Who are the executives of Automation Alley Fund and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $346,632
- Other: $17,650
Official website here: www.automationalley.com
Where can I find the form 990 for Automation Alley Fund?
Automation Alley Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.automationalley.com
Learn more at the official website: www.automationalley.com
Mission Statement of Automation Alley Fund
The Automation Alley Fund is dedicated to funding innovative programs that align with the mission of Automation Alley, a broader community initiative aimed at guiding the region towards Industry 4.0. This fund's primary objective is to connect these programs with benefactors, including businesses, foundations, and the community at large. By doing so, the Automation Alley Fund enables Automation Alley to provide valuable support and guidance, ultimately helping the community at large transition into the advanced industrial era known as Industry 4.0.
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Impact
October, 2024
The Automation Alley Fund drives significant impact by funding innovative programs that align with the broader Automation Alley mission, focusing on advancing the region toward Industry 4.0. Through strategic partnerships with benefactors, it enables collaboration among the business community, foundations, and local stakeholders. This approach fosters a supportive ecosystem that not only enhances technological advancements but also prepares the workforce for the evolving demands of automation and digital transformation.
By facilitating access to resources and expertise, the Automation Alley Fund plays a critical role in guiding the local community toward embracing industry advancements. Its efforts contribute to economic growth, job creation, and the establishment of a sustainable competitive advantage in an increasingly tech-driven world. In summary, the Automation Alley Fund's initiatives ensure that the entire region is not only aware of the shifts toward automation but equipped to thrive in this new landscape.
This information is meant to be a general summary of Automation Alley Fund. 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 2022.
- Investment Income: $579
- Gross Receipts: $579
Assets and Liabilities:
- Total Assets: $23,624
- Total Liabilities: $389
- Net Assets: $23,235
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Organization Details
Founding Year
2008
Phone
(248) 457-3200Principal Officer
Jake Sigal
Main Address
2675 BELLINGHAM DRIVE, TROY, MI, 48083
Website
www.automationalley.comNTEE Category
Code: T200 - Philanthropy
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