irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $63KTALENT DEVELOPMENT/TALENT ATTRACTION - CEG HAS A DEDICATED TALENT ATTRACTION STRATEGY TO HELP GROW ITS WORKFORCE BY MARKETING THE REGION DIGITALLY TO TARGET AREAS, CERTAIN DEMOGRAPHIC POPULATIONS, AND/OR WITHIN TARGET INDUSTRIES. FURTHERMORE, CEG WORKS TO RETAIN THE REGION'S GRADUATING COLLEGE STUDENTS AND INTERNS.
- #2 $128KCEG ACTIVITY SECURES SUPPORT FROM INVESTORS IN BUSINESS, GOVERNMENT, EDUCATION, AND NON-PROFIT SECTORS WHO ARE COMMITTED TO SUSTAINABLE ECONOMIC GROWTH AND PROSPERITY.
named programs · 5 · from sources
What they call their work
Manufacturing Solutions
Capital Region’s Manufacturing Extension Partnership (MEP) center that provides manufacturers with customized strategies to improve productivity, reduce costs, adopt Industry 4.0 technologies, and grow operations
Manufacturing Solutions Network
Professional forum for manufacturing leaders to engage in peer learning, roundtables, and networking to address common industry challenges and grow their businesses
ON-RAMP (One Network for Regional Advanced Manufacturing Partnerships)
Workforce development initiative establishing a centralized training facility to connect individuals from priority populations with careers in advanced manufacturing through skills training, wraparound support services, and employer-aligned curriculum
Real Life Rosies®
New York’s first direct-entry program for women in advanced manufacturing, offering training and career pathways for women seeking skilled manufacturing roles
Venture Readiness Program
Supports high-growth startups by connecting them with Entrepreneurs-in-Residence for mentorship and facilitating access to venture capital through Launch NY
activities · 6 groups
What they do
-
Regional Economic Development Initiatives 4 activities
- Acts as a single point of contact for business location and expansion in the Capital RegionServes as a centralized resource for companies seeking to locate or grow their operations in the Capital Region, providing coordinated support across services and sectors.
- Implements talent attraction and retention strategies for the regional workforceExecutes a digital marketing strategy to promote the Capital Region to targeted industries and demographics, and works to retain graduating college students and interns to grow and sustain the regional workforce.
- Produces promotional content to highlight regional economic assetsDevelops and distributes video content showcasing the Capital Region’s economic opportunities and assets to support business attraction and talent recruitment.
- Secures cross-sector investment and collaboration for sustainable economic growthMobilizes support from business, government, education, and nonprofit sectors to advance long-term, sustainable economic development in the Capital Region.
-
-
Advanced Manufacturing Workforce Training 2 activities
- Administers ON-RAMP Program funding for advanced manufacturing workforce developmentReceived and is preparing to implement funding from Empire State Development's ON-RAMP Program to support workforce development initiatives in advanced manufacturing, with formal activities planned to begin in June 2025.
- Operates Real Life Rosies® – a training program for women in advanced manufacturingRuns Real Life Rosies®, New York's first direct-entry training program designed to prepare women for careers in advanced manufacturing.
-
-
Startup Acceleration & Business Growth Support 1 activity
- Facilitates access to funding, expertise, and strategic partnerships for startups and growing businessesConnects high-growth and scalable companies with Entrepreneurs-in-Residence, venture funding through partnerships like Launch NY, and resources in legal, accounting, financial, and business development to support startup launch, investment readiness, and market expansion.
-
-
Professional Association Capacity Building 1 activity
- Operates a regional forum for manufacturing leaders to network and share expertiseProvides a forum for manufacturing leaders in the Capital Region to participate in roundtables, learn from experts, and expand professional networks.
-
-
MWBE Certification and Contract Access Support 1 activity
- Provides targeted support to underserved entrepreneurs and very small businessesOffers specialized assistance to very small businesses and underserved entrepreneurs to help them pursue new economic opportunities and meet contracting requirements.
-
-
Uncategorized 2 activities
- Provides business advisory and operational improvement services to manufacturing and technology companiesOffers strategic business advisory services, including Training within Industry (TWI) programs in job instruction, job relations, and job method improvement, and applies a servant leadership approach to enhance staff engagement, operational excellence, and change management for client organizations.
- Supports manufacturing companies through technology adoption and operational integrationAssists manufacturers in assessing, adopting, and integrating advanced manufacturing technologies such as additive manufacturing, robotics, artificial intelligence, and cybersecurity to improve competitiveness and efficiency.
-
financials · form 990 · fy2024
revenue
Total revenue$1.63M
Contributions & grants$1.28M78%
Program service revenue$305K19%
Investment income$49K3%
Other revenue$0
expenses
Total expenses$1.16M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$1.51M
Cash$338K
Investments$921K
Liabilities$693K
Net assets$815K
Liquid reserves13.0 mo
3 years on record · 2020–2024 · YoY revenue -14.6%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 3
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| MARK N EAGAN | PRESIDENT & CEO | 7 | $523K |
| KATHARINE J N BELMONT | SENOIR VICE PRESIDENT | 38 | $205K |
| CHRISTINE A HOLLE | VP, FINANCE & OPERATIONS | 4 | $150K |
board members · 5
- BRIAN O'GRADY — DIRECTOR
- DAVID DEMARCO — DIRECTOR
- FRAN O'ROURKE — DIRECTOR
- KIMBERLY IRELAND — TREASURER/SECRETARY
- STEPHEN OBERMAYER — CHAIR
relationships · 16
Who they work with
- Brightside Up Partner — Childcare service provider partnering with ON-RAMP to support participant access to training.
- Business investors Partner — Collaborates with business sector investors to support sustainable economic growth and shared prosperity in the Capital Region.
- Capital Region Chamber Partner — Collaborates with the Capital Region Chamber through its initiative, the Young Professionals Network, to promote the region.
- Center for Economic Growth (CEG) Partner — Connects businesses with strategic partners to support growth and market entry.
- Education investors Partner — Collaborates with education sector investors to support sustainable economic growth and shared prosperity in the Capital Region.
- Empire State Development Government — Primary funder and grantor of the ON-RAMP award to CEG for regional advanced manufacturing workforce development.
- Government investors Partner — Collaborates with government sector investors to support sustainable economic growth and shared prosperity in the Capital Region.
- Healthy Alliance Partner — Health and social service provider collaborating with ON-RAMP to deliver support services to participants.
- Launch NY Partner — Partnership to facilitate access to venture funding for startups in the Venture Readiness Program.
- Manufacturing Extension Partnership Partner — CEG hosts and operates the Manufacturing Extension Partnership – Capital Region, a partnership supporting local manufacturers.
- NIST Manufacturing Extension Partnership Network — CEG participates in the MEP network through NIST, delivering federally supported manufacturing extension services.
- National Institute of Standards and Technology (NIST) Network — Member of the Manufacturing Extension Partnership (MEP) network funded by NIST.
- New York MEP Centers Network — One of 11 MEP Centers in New York State.
- Nonprofit investors Partner — Collaborates with nonprofit sector investors to support sustainable economic growth and shared prosperity in the Capital Region.
- Sandler Partner — Sponsor of the Manufacturing Solutions Network
- United Way Partner — Community-based organization collaborating with ON-RAMP to connect underserved populations to manufacturing employment opportunities.
strategies · 4
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.
- Employer-Aligned Immersive Training with Integrated Supportmethodology: employer-aligned_immersive_trainingBy designing hands-on, immersive training based on employer-identified skill gaps and integrating it with wraparound services in a centralized hub, we improve employment outcomes in advanced manufacturing because it simultaneously builds relevant skills and reduces systemic barriers to participation.
- Manufacturing Extension Partnership Modelmethodology: manufacturing-extension-partnershipBy providing technical assistance and operational improvement programs tailored to manufacturing firms, we drive growth and competitiveness because structured, on-site support addresses specific business constraints and enhances productivity.
- Peer and Expert Network Leveragemethodology: peer_learning_networkBy connecting manufacturing leaders with peers, experts, and strategic partners through structured networks and mentorship, we accelerate business growth because collaborative learning and access to capital and expertise enable faster problem-solving and market expansion.
- Regional Talent and Investment Attraction through Targeted Promotionmethodology: talent-attraction-and-retentionBy using digital marketing and video content to promote the region’s lifestyle and economic opportunities, we attract and retain talent and investment because targeted outreach to specific demographics and industries increases regional visibility and appeal.