Overview
What is Tech Alpharetta Inc?
Tech Alpharetta Inc, located in Alpharetta, Georgia, serves as a vital tech economic development engine for the city. In 2022, the organization experienced significant growth and recognition as a tech hub. Tech Alpharetta nurtures new companies and creates jobs, attracts and retains tech companies, and supports a thriving tech workforce. Their renowned tech startup incubator connects startups with enterprises, and they provide opportunities for board engagement and thought leadership. Through events, educational programs, and partnerships, Tech Alpharetta helps to brand Alpharetta as a tech hub and fosters a dynamic tech ecosystem. Their innovative initiatives, such as the Women's Forums STEAM mentoring program, contribute to the growth of the next-generation tech workforce. In 2022, Tech Alpharetta successfully graduated three startups, housed 40-50 tech startups at any given time, and helped create 1,188 new tech and service industry jobs for the city and 1,854 total new jobs for Georgia. Tech Alpharetta's startups have raised $221 million in investor funding since 2015, showcasing their impact on the local tech ecosystem. The organization also helps to attract and retain tech companies by working in partnership with Alpharetta's Economic Development Team. Overall, Tech Alpharetta plays a crucial role in fostering the growth and success of the tech industry in Alpharetta.
Official website here: www.techalpharetta.com
Is Tech Alpharetta Inc legitimate?
Tech Alpharetta Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Tech Alpharetta 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: $0
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Other Salaries and Wages: $74,289
For more financial information, click here
Official website here: www.techalpharetta.com
What is the mission statement of Tech Alpharetta Inc?
Tech Alpharetta serves as a tech economic development engine, fostering the growth of new companies and jobs in its respective city. Its primary objective is to attract and retain tech companies, as well as nurture a skilled tech workforce. By running a successful startup incubator, hosting events, and collaborating with local economic development teams, Tech Alpharetta plays a significant role in branding its city as a tech hub. The organization has achieved notable successes, such as helping graduate 3 new startups in 2022 and aiding in the creation of over 1,188 new tech and service industry jobs. Tech Alpharetta also engages in various initiatives, like a STEAM mentoring program, to cultivate the next generation of STEAM workforce and participate in initiatives to boost its city's tech reputation.
Official website here: www.techalpharetta.com
Who is the CEO of Tech Alpharetta Inc?
Karen Cashion is the CEO of Tech Alpharetta Inc The CEO's salary of Tech Alpharetta Inc is $0 and their total compensation is $0.
Official website here: www.techalpharetta.com
What is the revenue of Tech Alpharetta Inc?
Tech Alpharetta Inc's revenue in 2024 was $593,517.
Official website here: www.techalpharetta.com
Who are the executives of Tech Alpharetta Inc and what are their salaries?
The average compensation at Tech Alpharetta Inc during 2024 was $74,289. There is 1 employee and 39 volunteers at Tech Alpharetta Inc.
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Official website here: www.techalpharetta.com
Where can I find the form 990 for Tech Alpharetta Inc?
Tech Alpharetta Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.techalpharetta.com
Learn more at the official website: www.techalpharetta.com
Mission Statement of Tech Alpharetta Inc
Tech Alpharetta Inc, serving as a Tech Economic Development Engine, is dedicated to fostering the growth of new companies and creating new job opportunities in the tech sector. Its mission is multifaceted, encompassing the attraction and retention of tech companies within the city, as well as the cultivation and maintenance of a skilled tech workforce. By nurturing a thriving tech ecosystem, Tech Alpharetta contributes to the city's recognition as a prominent tech hub. The organization achieves this mission through various means, such as operating a successful tech startup incubator, engaging with board tech companies, and attracting and retaining tech companies through partnerships with the city's Economic Development Team. Additionally, Tech Alpharetta is committed to promoting Alpharetta as a tech hub and growing the next generation of STEAM workforce through initiatives like the Women's Forums STEAM mentoring program.
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Impact
October, 2024
Tech Alpharetta Inc has made a significant impact on the local economy and tech ecosystem in Alpharetta, Georgia. By functioning as a tech economic development engine, it plays a crucial role in fostering the growth of new companies and jobs within the city. In 2022, Tech Alpharetta demonstrated its effectiveness by supporting the graduation of three new startups from its incubator, contributing to the creation of 1,188 new tech and service industry jobs within Alpharetta and a total of 1,854 jobs across the state since 2015.
The organization actively stimulates job creation by nurturing a dynamic environment for tech startups; it maintains a robust incubator that houses 40-50 tech startups at any given time. These startups are engaged in developing innovative software, hardware, medical devices, and biotech solutions. Companies like DataSeers, Fusmobile, and Veryable illustrate the potential of these startups as they continue to hire locally and expand their operations.
Additionally, Tech Alpharetta facilitates significant fundraising success for these startups, with a total of $221 million raised in investor funding since 2015. This financial backing has allowed local companies to scale effectively, further enhancing job opportunities in the region.
Moreover, Tech Alpharetta helps attract and retain tech companies through its strategic partnerships with the city’s Economic Development Team. This collaboration enables recruitment initiatives and participation in community-wide events, strengthening the presence of tech firms in the area. The organization also engages in workforce development by implementing programs such as the STEAM mentoring initiative and the upcoming Tech Studio Technical Training and Leadership Development courses.
Through these initiatives, Tech Alpharetta effectively brands Alpharetta as a prominent tech hub, resulting in heightened visibility and recognition. Its extensive outreach, showcased through social media, press articles, and community events, has made it a respected entity within the tech community. The 27 events hosted in 2022 alone attracted 2,000 tech executives, further solidifying its role in fostering a thriving tech ecosystem. In summary, Tech Alpharetta Inc has a transformative impact on the economic landscape of Alpharetta, driving growth, innovation, and talent development in the tech sector.
This information is meant to be a general summary of Tech Alpharetta 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: $9,065
- Program Service Revenue: $425,540
- Gross Receipts: $673,442
Assets and Liabilities:
- Total Assets: $288,927
- Total Liabilities: $9,127
- Net Assets: $279,800
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Coworking/office space
Revenue
$199,900
Event income
Revenue
$8,712
Sponsorships
Revenue
$216,928
Organization Details
Founding Year
2014
Principal Officer
Bob Toupin
Website
www.techalpharetta.comNTEE Category
Code: S41 - Community improvement
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