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ALFRED TECHNOLOGY RESOURCES INC
PAINTED POST, NY · EIN 161322074 · Form 990 · FY2024 · NTEE S43Z · Community Improvement · Medium ($1M-$10M)
revenue
$1.9M
expenses
$1.9M
net assets
$2.0M
employees
37
volunteers
15
program ratio
85%
mission · from form 990

TO STIMULATE ECONOMIC DEVELOPMENT IN THE SOUTHERN TIER REGION OF NY, THROUGH SUPPORT OF THE CREATION OF INNOVATIVE BUSINESS START-UPS AND THE JOBS THEY CREATE. THIS SUPPORT IS PROVIDED THROUGH ITS BUSINESS INCUBATOR FACILITIES AND THE RELATED PROGRAMMATIC SUPPORT PROVIDED BY ATRI STAFF AND UNIVERSITY COLLABORATORS. THE FOCUS OF THE BUSINESS INCUBATORS IS ADVANCED MANUFACTURING ENTREPRENEURIAL STARTUPS.

profile · synthesized from sources

Alfred Technology Resources Inc (ATRI) stimulates economic development in the Southern Tier region of New York by supporting innovative business startups, particularly in advanced manufacturing. The organization operates business incubator facilities and provides programmatic support including mentoring, advising, and resource connections to help startups grow and create jobs. ATRI collaborates with university partners and serves both on-site and virtual clients across the region.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $847K
    ENTREPRENEURIAL DEVELOPMENT - ATRI PROVIDES SUPPORT TO STARTUPS THROUGH MENTORING, ADVISING, NETWORKING AND CONNECTING INCUBATOR CLIENTS TO LOCAL, REGIONAL, STATE AND FEDERAL RESOURCES TO HELP GROW THEIR BUSINESSES.
named programs · 2 · from sources

What they call their work

Consulting (Virtual Incubator)
Offers support to startups outside the physical incubator, helping them grow and create jobs through remote advising and resource linkage
Entrepreneurial Development
Provides mentoring, advising, networking, and connections to local, regional, state, and federal resources for startups in ATRI's incubator facilities, with a focus on advanced manufacturing
activities · 1 group

What they do

  • Startup Acceleration & Business Growth Support 1 activity
    • Operating a business incubator with mentoring and advisory services
      Provides mentoring, advising, and networking support to startup businesses, including virtual incubator clients, and connects them to local, regional, state, and federal resources to support business growth and job creation.
financials · form 990 · fy2024
revenue
Total revenue$1.92M
Contributions & grants$819K43%
Program service revenue$1.07M56%
Investment income$31K2%
Other revenue$0
expenses
Total expenses$1.91M
Program expenses85%
Admin / overhead15%
Fundraising0%
Salaries & benefits$833K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$3.25M
Cash$971K
Investments$0
Liabilities$1.29M
Net assets$1.96M
Liquid reserves6.1 mo
6 years on record · 2019–2024 · YoY revenue +0.7%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
ASHLEIGH MADISON EXECUTIVE DIRECTOR 40 $141K
board members · 15
  • ALISON M WOLFE — DIRECTOR
  • BO RUFFIN — DIRECTOR
  • BRADLEY TREAT — DIRECTOR
  • CHARLES CRAIG — CHAIRMAN
  • CRAIG CLARK — VICE CHAIRMAN
  • DAVID GOTTFRIED — DIRECTOR
  • DAWN BURLEW — DIRECTOR
  • DOREEN EDWARDS — DIRECTOR
  • JAMES JOHNSON — DIRECTOR
  • JILL KOSKI — DIRECTOR
  • KAMALA KEELEY — TREASURER
  • KATHLEEN CLARK — DIRECTOR
  • MARK LEWIS — DIRECTOR
  • PER STROMHAUG — DIRECTOR
  • WILLIAM MULLANEY — DIRECTOR
relationships · 1

Who they work with

  • University Collaborators Partner — Collaborates with university partners to provide programmatic support to incubator clients.
strategies · 1

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.