Overview
What is Advanced Functional Fabrics Of America Inc?
Advanced Functional Fabrics of America Inc (AFFOA) is a groundbreaking public-private partnership between government, academia, and industry, based in Cambridge, Massachusetts. AFFOA aims to develop a Manufacturing Innovation Institute, focusing on advanced fibers and textiles. This institution serves as a cohesive ecosystem for academia, government laboratories, non-profit organizations, and industries, addressing the manufacturing challenges within the fiber and textile industry. The primary objective is to develop and scale critical manufacturing processes for revolutionary fibers and textiles. AFFOA also provides guidance and acts as a transition partner to accelerate lower MRL activities. The fiber and textile industry, predominantly labor-intensive, has experienced a significant decline in global market share and US manufacturing jobs over the past four decades. To revive this sector, strategic investment is necessary to seed and grow the manufacturing base for advanced fibers and technical textiles. AFFOA will become the one-stop network for fiber and textile manufacturers, system integrators, and companies designing products using fiber/textiles for various applications. Their goal is to transform traditional fibers, yarns, and textiles into sophisticated integrated and networked devices and systems. To achieve this mission, AFFOA plans to address the spectrum of manufacturing challenges associated with volume manufacturing of revolutionary fibers and textiles from concept to end products. With unique collaborative infrastructure and computational design tools, AFFOA aims to enable agile manufacturing innovation and transfer, prototyping, and pilot production facilities for rapid product and project execution, workforce education, and dedicated startup incubators.
Official website here: www.go.affoa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
Advanced Functional Fabrics Of America Inc has a mixed performance in its accountability and financial practices. While it boasts a fully independent board and a strong financial statements audit process, it lacks essential policies like a whistleblower and document retention policy. The organization does maintain a high program expense ratio, indicating that a significant portion of its funds is directed toward its mission.
The organization’s strengths include a solid commitment to independence and transparency in its board governance, as evidenced by its high scores in those areas. Additionally, there are no noted material diversions of assets, which suggests prudent management of resources. However, the absence of critical operational policies may raise concerns about its overall governance framework.
While the nonprofit operates effectively in terms of program expenses, its low overall rating suggests that there are areas that require improvement, particularly in establishing comprehensive governance policies. This could enhance its accountability and potentially lead to increased trust from donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Advanced Functional Fabrics Of America Inc legitimate?
Advanced Functional Fabrics Of America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Advanced Functional Fabrics Of America 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: $1,127,326
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,407,547
For more financial information, click here
Official website here: www.go.affoa.org
What is the mission statement of Advanced Functional Fabrics Of America Inc?
Advanced Functional Fabrics of America Inc (AFFOA) is a public-private partnership between government, academia, and industry, established to accelerate the commercialization of advanced functional fibers and textiles for defense and commercial markets. The organization aims to build and sustain US global leadership in this industry by developing and scaling critical manufacturing processes for revolutionary fibers and textiles. AFFOA will serve as a one-stop network for fiber and textile manufacturers, system integrators, and companies using fibers and textiles for various applications. Through deliberate plans, projects, and programs, AFFOA will address the spectrum of manufacturing challenges associated with volume manufacturing of revolutionary fibers and textiles. The organization offers unique capabilities to rapidly produce end-item prototypes and provides agile manufacturing innovation and transfer, prototyping and pilot production facilities, workforce education, and dedicated startup incubators. AFFOA's goal is to transform traditional fibers, yarns, and textiles into highly sophisticated integrated and networked devices and systems.
Official website here: www.go.affoa.org
Who is the CEO of Advanced Functional Fabrics Of America Inc?
Donald Nadreau is the Ceo/President of Advanced Functional Fabrics Of America Inc. The CEO's salary of Advanced Functional Fabrics Of America Inc is $357,487 and their total compensation is $391,093.
Official website here: www.go.affoa.org
What is the revenue of Advanced Functional Fabrics Of America Inc?
Advanced Functional Fabrics Of America Inc's revenue in 2022 was $20,671,174.
Official website here: www.go.affoa.org
Who are the executives of Advanced Functional Fabrics Of America Inc and what are their salaries?
The average compensation at Advanced Functional Fabrics Of America Inc during 2022 was $113,372. There are 40 employees and 8 volunteers at Advanced Functional Fabrics Of America Inc.
Here are 19 key members and their salaries (Advanced Functional Fabrics Of America Inc's CEO's salary is $357,487 and their total compensation is $391,093):
- Compensation: $357,487
- Related: $0
- Other: $33,606
- Compensation: $75,000
- Related: $0
- Other: $0
- Compensation: $7,500
- Related: $0
- Other: $0
- Compensation: $7,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $202,650
- Related: $0
- Other: $0
- Compensation: $56,584
- Related: $0
- Other: $6,396
- Compensation: $285,058
- Related: $0
- Other: $16,487
- Compensation: $215,067
- Related: $0
- Other: $30,818
- Compensation: $211,303
- Related: $0
- Other: $18,415
- Compensation: $192,422
- Related: $0
- Other: $28,165
- Compensation: $204,763
- Related: $0
- Other: $33,330
Official website here: www.go.affoa.org
Where can I find the form 990 for Advanced Functional Fabrics Of America Inc?
Advanced Functional Fabrics Of America Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.go.affoa.org
Learn more at the official website: www.go.affoa.org
Mission Statement of Advanced Functional Fabrics Of America Inc
Advanced Functional Fabrics of America Inc (AFFOA) is a groundbreaking public-private partnership among government, academia, and industry, established to build and sustain U.S. global leadership in the revolutionary fibers and textiles industry. The organization's primary objective is to accelerate the widespread commercialization of highly functional advanced fibers and textiles for both defense and commercial markets.
AFFOA acts as a nationwide network addressing the manufacturing challenges associated with the fiber and textile industry, from concept to end products. With the help of federal government funding, AFFOA aims to bring academia, government laboratories, non-profit organizations, and industries (small, medium businesses, and large corporations) under one umbrella to create a cohesive ecosystem. The principal goal is to develop and scale critical manufacturing processes for revolutionary fibers and textiles, taking them from MRL-4 to MRL-7, and provide guidance as a transition partner to accelerate lower MRL activities.
The fiber and textiles industry, predominantly a labor-intensive industry, has been losing global market share and US manufacturing jobs for the past four decades. A vacuum has been created in the talent pool essential to reviving the fiber and textile manufacturing sector. AFFOA serves as the one-stop network for fiber and textile manufacturers, system integrators, and companies designing and developing products using fiber/textiles for various applications such as apparel, furniture and upholstery, technical textiles, advanced soldier and war fighter protection, space and aviation, automotive, personal and property protection, composites, geotextiles, sports and leisure, medical applications, agriculture, and buildings. To enable this manufacturing-based revolution, AFFOA's goal is the transformation of traditional fibers, yarns, and textiles into highly sophisticated integrated and networked devices and systems. AFFOA will address the spectrum of manufacturing challenges associated with volume manufacturing of revolutionary fibers and textiles through deliberate plans, projects, and programs. AFFOA provides an unprecedented capability to rapidly and flexibly produce end-item prototypes through its unique collaborative infrastructure and suite of computational design tools, enabling agile manufacturing innovation and transfer, prototyping and pilot production facilities for rapid product and project execution, workforce education, and dedicated startup incubators driving innovation for the entire US industry.
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Impact
October, 2024
Advanced Functional Fabrics of America Inc. (AFFOA) is transforming the U.S. fibers and textiles industry by establishing a robust public-private partnership that bridges the gap between government, academia, and industry. By focusing on the commercialization of advanced fibers and textiles, AFFOA addresses the critical need for innovation in a sector that has seen a substantial decline in domestic manufacturing capabilities over the past four decades.
AFFOA aims to create a nationwide manufacturing innovation institute, which will serve as a one-stop network for stakeholders involved in various applications such as apparel, aerospace, automotive, healthcare, and defense. By integrating resources and expertise from diverse sectors, AFFOA fosters collaboration, encourages workforce education, and drives the development of new manufacturing processes that can take revolutionary fiber technologies from early-stage research to fully developed products.
The initiative emphasizes agile manufacturing innovation, enabling rapid prototyping and pilot production. This approach not only accelerates product development cycles but also enhances the competitiveness of U.S. manufacturers in the global market. By addressing legacy manufacturing challenges and reviving the knowledge base and talent pool in the industry, AFFOA is positioning the United States as a leader in advanced technical textiles.
Ultimately, AFFOA's impact extends beyond just enhancing manufacturing. It seeks to revitalize a labor-intensive industry by creating job opportunities, fostering economic growth, and ensuring that the U.S. remains at the forefront of technological advancements in textiles. By supporting both defense and commercial markets, AFFOA is integral to the modernization and sustainability of the fibers and textiles landscape in America.
This information is meant to be a general summary of Advanced Functional Fabrics Of America 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 2022.
- Program Service Revenue: $1,286,066
- Gross Receipts: $20,671,174
Assets and Liabilities:
- Total Assets: $14,680,025
- Total Liabilities: $8,012,957
- Net Assets: $6,667,068
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEP
Revenue
$1,156,145
MEMBERSHIP REVENUE
Revenue
$129,921
Organization Details
Founding Year
2015
Phone
(617) 446-6738Principal Officer
Donald Nadreau
Main Address
12 EMILY STREET 2, CAMBRIDGE, MA, 02139
Website
www.go.affoa.orgNTEE Category
Code: B11 - Education
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