CENTER FOR ECONOMIC GROWTH

As filed

Subsection

03

NTEE code

V22Z

Classification

1000

Street

5 COMPUTER DR S

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

7 other organizations in the IRS Business Master File list the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

• ALBANY COLONIE REGIONAL CHAMBER OF COMMERCE

  EIN 14-0461460

• BUILDING OWNERS AND MANAGERS ASSOCIATION OF ALBANY INC

  EIN 14-1729734

• CAPITAL REGION CHAMBER FOUNDATION INC

  EIN 14-1736856

• CAPITAL REGION CHAMBER OF COMMERCE INC

  EIN 47-4159612

• CEG OF THE CAPITAL REGION INC

  EIN 82-2369976

• SCHENECTADY COUNTY CHAMBER OF COMMERCE

  EIN 14-1041320

• THE CHAMBER OF SOUTHERN SARATOGA COUNTY INC

  EIN 14-1615023

Mission and programs · 2023

• BUSINESS GROWTH SOLUTIONS (BGS) - OBJECTIVE IS TO SERVICE SMALL TO MEDIUM SIZED COMPANIES (SMES) IN THE MANUFACTURING AND TECHNOLOGY SECTORS ACROSS SEVERAL INDUSTRIES AND HELP THEM GROW AND COMPETE IN THE 21ST CENTURY. THE PROGRAM IS SUPPORTED BY NEW YORK STATES NYSTART PROGRAM (DIVISION OF SCIENCE, TECHNOLOGY AND INNOVATION) AND THE NIST (NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY) THROUGH THE MANUFACTURING EXTENSION PARTNERSHIP PROGRAM. THESE SERVICES HELP SMES REALIZE NEW REVENUES AND INCREASE PROFITABILITY THROUGH ASSISTING THEM IN INCREASING SALES, IMPROVING PRODUCTIVITY AND OPERATIONS, LAUNCHING NEW PRODUCTS, ALIGNING EXECUTIVE TEAM STRATEGIES AND MORE. INTERNAL CEG TEAM MEMBERS, AS WELL AS THIRD-PARTY PARTNERS, PROVIDE THESE SERVICES. CEG IS ALSO RECOGNIZED AS THE REGIONAL TECHNOLOGY DEVELOPMENT CENTER (RTDC), FOCUSED ON PROMOTING TECHNOLOGY DEVELOPMENT, TECHNOLOGY TRANSFER, MANAGEMENT, AND TECHNOLOGY SECTORS. THIS DESIGNATION ALLOWS CEG TO LEVERAGE GRANT FUNDS FOR CLIENTS THROUGH PARTNERS SUCH AS NATIONAL GRID AND THE WORKFORCE DEVELOPMENT INSTITUTE.

  Expenses $1,117,798 · Grants $65,500 · Revenue $336,948

• PEOPLE/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 INVESTMENT BOARDS (WIBS), AND THE MANUFACTURING ALLIANCE OF CENTRAL NEW YORK (MACNY).

  Expenses $265,564 · Grants $76,548 · Revenue $15,600

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

• 2023

  Revenue

  $1,318,359

  Expenses

  $1,459,413

  Contributions

  $943,685

  Grants paid

  $142,048

• 2022

  Revenue

  $1,283,587

  Expenses

  $1,465,356

  Contributions

  $971,503

  Grants paid

  $376,841

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $2,266,001

  Expenses

  $2,173,029

  Assets (EOY)

  $2,002,118

• 2020 · 990

  Revenue

  $1,301,497

  Expenses

  $1,109,296

  Assets (EOY)

  $1,829,466

• 2019 · 990

  Revenue

  $1,268,371

  Expenses

  $1,443,521

  Assets (EOY)

  $1,116,712

• 2018 · 990

  Revenue

  $1,376,534

  Expenses

  $1,371,357

  Assets (EOY)

  $641,462

• 2017 · 990

  Revenue

  $2,265,240

  Expenses

  $2,588,632

  Assets (EOY)

  $576,488

• 2016 · 990

  Revenue

  $2,284,203

  Expenses

  $2,439,181

  Assets (EOY)

  $458,908

• 2015 · 990

  Revenue

  $2,967,992

  Expenses

  $3,045,404

  Assets (EOY)

  $672,104

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

• GLOBAL FOUNDRIES US INC

  $170,600

  2022 · PASS THROUGH

• MULTI-CRAFT APPRENTICESHIP PREP PRO

  $135,000

  2022 · PASS THROUGH

• GLOBAL FOUNDRIES US INC

  $54,048

  2023 · PASS THROUGH

• NURAVINE LLC

  $35,000

  2022 · PASS THROUGH

• GRENO INDUSTRIES INC

  $25,000

  2023 · PASS THROUGH

• VISTEX COMPOSITES LLC

  $25,000

  2023 · PASS THROUGH

• SCHENECTADY COUNTY COMMUNITY COLLEGE

  $20,000

  2023 · PASS THROUGH

• NURAVINE LLC

  $15,000

  2023 · PASS THROUGH

• CEG OF THE CAPITAL REGION

  $14,304

  2022 · SUPPLY CHAIN ASSESS

• JENKS MACHINE & TOOL CO INC

  $10,000

  2022 · PASS THROUGH

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

• FUZEHUB INC

  $35,000

  2022 · INNOVATION AWARD

• PA IRC NETWORK FOUNDATION

  $25,000

  2024 · WORKFORCE PROGRAM EXPANSION

• FUZEHUB INC

  $15,000

  2023 · INNOVATION AWARD

• FUZEHUB INC

  $10,000

  2024 · INNOVATION AWARD

• MISSOURI INCUTECH FOUNDATION

  $10,000

  2022 · DEVELOPMENT

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Other IRS files