irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $457KPEOPLE/WORKFORCE DEVELOPMENT - WORKING DILIGENTLY TO BUILD A SKILLED WORKFORCE AND EDUCATION PIPELINE; TO CULTIVATE A STRONG SKILLED WORKFORCE; ENSURE ALIGNMENT OF EDUCATION PARTNER OFFERINGS TO LOCAL COMPANIES NEEDS, ATTRACT NEW WORKERS, AND PREPARE OUR YOUTH FOR FUTURE JOBS, CEG'S PRIMARY FOCUS IS IN MANUFACTURING AND TECHNOLOGY BASED JOBS FOR BOTH SKILLED WORKFORCE, HIGH TECH JOBS, AND MANAGEMENT. CEG IS FUNDED BY BOTH REGIONAL COUNTY WORKFORCE DEVELOPMENT BOARDS (WDBS), AND THE MANUFACTURING ALLIANCE OF CENTRAL NEW YORK (MACNY).
named programs · 5 · from sources
What they call their work
KeyBank Business Boost and Building Program
Supports minority- and women-owned business enterprises (MWBEs) through coaching, resources, and funding access.
Pathways to Manufacturing Bootcamp
Partnership with Hudson Valley Community College and SUNY Schenectady to deliver training programs including the Certified Production Technician Program and apprenticeships.
People/Workforce Development
Builds a skilled workforce pipeline by aligning education offerings with industry needs, focusing on manufacturing and technology jobs, and preparing youth and workers for high-tech and management roles.
Tech Valley Center of Gravity
Prototyping center and manufacturing incubator that supports innovation and product development for startups and small manufacturers.
Venture Initiatives (VentureB)
Connects regional technology startups with investors, reviews business plans, and expands venture funding opportunities.
activities · 3 groups
What they do
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Advanced Manufacturing Workforce Training 2 activities
- Operation of the Pathway Program for workforce trainingOperates the Pathway Program in collaboration with Hudson Valley Community College and SUNY Schenectady, offering structured workforce training through the Pathways to Manufacturing Bootcamp, Certified Production Technician Program, and MACNY Intermediary Apprenticeship Program.
- Workforce development and education programs for manufacturing and technology jobsDelivers workforce development and education initiatives focused on preparing individuals, including youth, for manufacturing and technology-based careers by aligning training programs with local industry demands.
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Organizational Newsletter Production and Distribution 1 activity
- Email-based economic development and market intelligence disseminationProvides periodic email updates containing economic development insights, market intelligence, manufacturing solutions, and information on industry resources and events to support regional stakeholders.
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Small Business Technical Assistance 1 activity
- Entrepreneurship and business enterprise support servicesSupports entrepreneurship through startup coaching via the VentureB program; provides targeted assistance to minority- and women-owned business enterprises (MWBEs) through the KeyBank Business Boost and Building Program; and sponsors the Tech Valley Center of Gravity as a prototyping center and manufacturing incubator.
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financials · form 990 · fy2024
revenue
Total revenue$1.46M
Contributions & grants$847K58%
Program service revenue$563K39%
Investment income$260%
Other revenue$47K
expenses
Total expenses$1.66M
Program expenses95%
Admin / overhead5%
Fundraising0%
Salaries & benefits$0
Grants paid out$191K
Largest expense lineProfessional Fees
balance sheet
Total assets$1.33M
Cash$619K
Investments$256K
Liabilities$274K
Net assets$1.06M
Liquid reserves6.3 mo
4 years on record · 2020–2024 · YoY revenue +10.5%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 5
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| MARK EAGAN | PRESIDENT & CEO | 2 | $523K |
| KATHERINE JN BELMONT | CHIEF ECONOMIC DEVELOPMENT | 7 | $205K |
| CHRISTINE HOLLE | VP, FINANCE & OPERATIONS | 6 | $150K |
| DON WIESENFORTH | SENIOR VICE PRESIDENT, CEG | 40 | $146K |
| THOMAS BELL | PROJECT DIRECTOR, TECHNOLOGY SERVICES | 40 | $127K |
board members · 5
- BRIAN O'GRADY — DIRECTOR
- DAVID DEMARCO — DIRECTOR
- FRAN O'ROURKE — DIRECTOR
- KIMBERLY IRELAND — TREASURER/SECRETARY
- STEPHEN OBERMAYER — CHAIR
relationships · 8
Who they work with
- Constant Contact Partner — Emails are serviced by Constant Contact.
- Hudson Valley Community College Partner — Partnered with CEG to deliver the Pathways to Manufacturing Bootcamp and Certified Production Technician Program.
- Innovate518 Government — Regional Innovation Hotspot that funds CEG's entrepreneurship programming.
- KeyBank Foundation Funder — Funds CEG’s workforce development and entrepreneurship programs, including the KeyBank Business Boost and Building Program.
- Manufacturing Alliance of Central New York Partner — Collaborates with CEG on workforce development initiatives and co-sponsors the Intermediary Apprenticeship Program.
- Rensselaer Polytechnic Institute Partner — Part of regional network collaborating with CEG to support technology entrepreneurship and startup development.
- SUNY Schenectady Partner — Partnered with CEG to deliver the Pathways to Manufacturing Bootcamp and Certified Production Technician Program.
- University at Albany Partner — Part of regional network collaborating with CEG to support technology entrepreneurship and startup development.
strategies · 2
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Ecosystem Partnership Pipelinemethodology: ecosystem-partnership_pipelineBy fostering regional collaboration among businesses, universities, and investors, we create a comprehensive entrepreneurship pipeline that reduces support gaps, because coordinated ecosystems improve resource access and startup survival.
- Workforce-Industry Alignmentmethodology: workforce-industry_alignmentBy aligning education and training programs with the needs of local manufacturing and technology companies, we produce a job-ready workforce because skills are directly matched to employer demands.