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TECH VALLEY CENTER OF GRAVITY INC

TROY, NY · EIN 900922584 · Form 990 · FY2024 · NTEE B90 · Education · Small ($100K-$1M) · tvcog.net
revenue
$465K
expenses
$483K
net assets
$-14K
employees
4
volunteers
130
program ratio
88%
mission · from form 990

TECH VALLEY CENTER OF GRAVITY IS A MAKERSPACE, PROTOTYPING CENTER, MANUFACTURING INCUBATOR, STEAM EDUCATION CENTER, COMMUNITY GATHERING SPACE, AND CREATIVE COMMUNITY. AS A NOT-FOR-PROFIT COMMUNITY RESOURCE, WE NURTURE THE PERSONAL AND ECONOMIC GROWTH OF OUR MEMBERS, OUR NEIGHBORS, AND THE WIDER TECH VALLEY COMMUNITY THROUGH OUR WORK AND OUR COLLABORATIONS.

profile · synthesized from sources

Nonprofit makerspace and innovation hub in Troy, NY, providing access to fabrication equipment, technical training, and collaborative workspace for individuals, startups, and businesses. Offers membership-based access to tools and facilities, supports hardware entrepreneurship through mentorship and incubation, and promotes STEAM education in the Capital Region. Serves makers, entrepreneurs, students, and local manufacturers.

named programs · 4 · from sources

What they call their work

Incubated Maker Program
Support for hardware startups including mentorship, dedicated workspace, funding connections, and business resources; participants retain 100% ownership of their products
Makerspace Access
Membership-based access to over $250,000 in fabrication equipment including CNC routers, laser cutters, and 3D printers, with safety training and technical support
Professional Maker Membership
24/7 access for businesses and professionals, including equipment use, office space rental, and networking with a technical community of 250+ members
STEAM Education
Classes and workshops designed to inspire youth to pursue careers in science, technology, engineering, arts, and manufacturing in the Capital Region
activities · 3 groups

What they do

  • Startup Acceleration & Business Growth Support 3 activities
    • Facilitating business and funding connections for startups
      Helps startups access regional and statewide resources, including funding opportunities, manufacturing referrals, business assistance, and eligibility support for Innovate 518 Hotspot tax incentives upon program completion.
    • Providing structured project planning for incubated startups
      Develops a defined scope of work for each incubated startup, outlining prioritized actions based on project status, goals, and timeline to ensure focused progress.
    • Running an incubator program for hardware and deep-tech startups
      Supports the commercialization of hardware, deep-tech, and game development innovations through a structured incubator program that includes mentorship, networking, need-based referrals, technical guidance from experienced Manufacturing Mentors, and regular progress check-ins.
  • Community Makerspace Access and Training 2 activities
    • Offering facility tours and community engagement
      Provides regular in-person tours of the facility every Tuesday evening and by appointment to engage the broader community and promote access to maker resources.
    • Operating a community makerspace with fabrication equipment and training
      Provides 24/7 access to a fully equipped makerspace featuring over $250,000 in fabrication tools, along with training for safe use and ongoing member support. The facility serves a community of 250+ makers and offers member businesses the ability to use its address as their legal business location.
  • Hands-On STEM Education Programs 1 activity
    • Delivering STEAM education and public fabrication classes
      Offers youth-focused STEAM education programs and public classes in making and fabrication to inspire interest in engineering and manufacturing careers, including custom professional development offerings and multi-session instruction.
financials · form 990 · fy2024
revenue
Total revenue$465K
Contributions & grants$401K86%
Program service revenue$64K14%
Investment income$00%
Other revenue$2
expenses
Total expenses$483K
Program expenses88%
Admin / overhead12%
Fundraising0%
Salaries & benefits$170K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$832K
Cash$107K
Investments$0
Liabilities$846K
Net assets$-14K
Liquid reserves2.7 mo
3 years on record · 2020–2024 · YoY revenue -2.8%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
DAN FALKENSTROM FACILITIES DIRECTOR 40 $64K
board members · 10
  • COURTNEY WADE — PRESIDENT
  • DANEE ZEIGLER — SECRETARY
  • DYLAN THIES — TREASURER
  • ERIC LEDET PH D — BOARD MEMBER
  • HOLLY CARGILL-CRAMER — BOARD MEMBER
  • JESSICA OTITIGBE — BOARD MEMBER
  • JOANNE FERNANDEZ — BOARD MEMBER
  • KIT CLEMENTE — VICE PRESIDENT
  • SAM BONFANTE — BOARD MEMBER
  • TIM ROZMIERSKI — BOARD MEMBER
relationships · 6

Who they work with

  • Innovate 518 Government — Administers tax incentives available to eligible companies that complete the Incubated Maker program.
  • MEP center Partner — Works with to support regional manufacturing and business development initiatives.
  • SBA office Partner — Collaborates to help connect member businesses with business assistance resources.
  • area universities Partner — Partners with to foster innovation and provide educational and networking opportunities for members.
  • info@tvcog.net Government — Staff contact for scheduling facility tours
  • local chambers of commerce Partner — Collaborates with to support local business development and connectivity.
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.

  • Collaborative Community Resource Model
    methodology: collaborative_community_resource
    By integrating makerspace access, prototyping, incubation, and STEAM education within a shared environment, the organization fosters personal and economic growth because collaboration across skill levels and disciplines catalyzes innovation and accelerates learning and venture development.
  • Tiered Access to Shared Infrastructure
    methodology: shared-infrastructure-as-a-service
    By offering scalable membership tiers and shared access to high-cost fabrication tools and facilities, the organization reduces barriers to entry for individuals and businesses because variable-cost access increases utilization and enables cost-effective product development without capital investment.