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Center For Economic Growth Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222880333 ✦ Albany, NY ✦ Designated as a 501(c)(3)

Overview

What is Center For Economic Growth Inc?

Center for Economic Growth Inc, based in Albany, New York, is a nonprofit organization that primarily focuses on supporting small to medium-sized companies within the manufacturing and technology sectors. They assist these businesses in growing and competing in the 21st century through various means, including increasing sales, improving productivity, launching new products, and aligning executive team strategies. The organization is backed by New York State's NYSTAR program and the NIST through the Manufacturing Extension Partnership Program. Additionally, Center for Economic Growth Inc serves as the Regional Technology Development Center (RTDC), promoting technology development, transfer, management, and technical assistance across various manufacturing and technology sectors. This designation allows the organization to leverage grant funds for its clients through partners like National Grid and the Workforce Development Institute. In summary, Center for Economic Growth Inc aims to help regional companies create and retain jobs, increase sales, and expand capital investment initiatives by connecting them to potential investors and expanding venture funding opportunities.


Official website here: www.ceg.org

Is Center For Economic Growth Inc legitimate?

Center For Economic Growth Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center For Economic Growth Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.ceg.org

What is the mission statement of Center For Economic Growth Inc?

The Center for Economic Growth Inc's mission is centered around supporting regional technology and manufacturing companies. They assist in creating and retaining jobs, increasing sales, and expanding capital investment initiatives. The organization provides capital to these companies by connecting them to potential investors, reviewing business plans, and expanding venture funding opportunities. Furthermore, CEG promotes the preservation and enhancement of the quality of life in the tech valley, working at local, county, and state levels to streamline services and encourage smart growth through comprehensive planning. They aim to provide tools, information, and education for sustainable communities.


Official website here: www.ceg.org

Who is the CEO of Center For Economic Growth Inc?

Mark N Eagan is the Chair of Center For Economic Growth Inc.


Official website here: www.ceg.org

What is the revenue of Center For Economic Growth Inc?

Center For Economic Growth Inc's revenue in 2022 was $1,283,587.


Official website here: www.ceg.org

Who are the executives of Center For Economic Growth Inc and what are their salaries?

Here are 8 key members and their salaries:

    Mark N Eagan (President &)
  • Compensation: $0
  • Related: $404,076
  • Other: $51,095

    • Christine A Holle (Vp, Finance)
  • Compensation: $0
  • Related: $120,658
  • Other: $10,285

    • Thomas J Bell (Proj. Direct)
  • Compensation: $0
  • Related: $113,018
  • Other: $9,251

    • John Bennett Md (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laura Poltynski (Secretary/Tr) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Demarco (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Hendrick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Roger Ramsammy Phd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.ceg.org

    Where can I find the form 990 for Center For Economic Growth Inc?

    The Center For Economic Growth Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.ceg.org

    Learn more at the official website: www.ceg.org

    Mission Statement of Center For Economic Growth Inc

    The Center for Economic Growth Inc is dedicated to assisting regional technology and manufacturing companies in the creation and retention of jobs, increasing sales, and expanding capital investment initiatives. Their mission involves connecting these companies to potential investors, reviewing business plans, and expanding venture funding opportunities. To achieve this, the Center employs sales calls, trade shows, and targeted strategic, cross-industry, and global marketing programs.

    Furthermore, the Center for Economic Growth Inc is committed to preserving and promoting the quality of life in Tech Valley. They aim to help communities achieve smart and desired economic growth by working at local, county, and state levels. This includes expanding service-sharing, eliminating duplication, and streamlining services at all levels of government to encourage smart growth. The Center also develops comprehensive plans and provides the tools, information, and education necessary for sustainable communities.

    Impact

    This information is meant to be a general summary of Center For Economic Growth Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Center For Economic Growth Inc's impact can be seen through its efforts to assist small to medium-sized companies in the manufacturing and technology sectors to grow and compete in the 21st century. By providing business growth solutions, such as increasing sales, improving productivity, launching new products, and aligning executive team strategies, CEG helps these companies realize new revenues and increase profitability. Additionally, as a Regional Technology Development Center, CEG promotes technology development and transfer, as well as management and technical assistance across various manufacturing and technology sectors.

    CEG's services are supported by the New York State's NYSTAR program and the NIST Manufacturing Extension Partnership program, allowing them to leverage grant funds for clients. By connecting regional technology and manufacturing companies to potential investors, expanding venture funding opportunities, and working at various levels of government to encourage smart growth and sustainable communities, CEG contributes to job creation, increased sales, and expanded capital investment initiatives in the region. Overall, CEG's impact can be seen in its efforts to support and promote economic growth and development in the Albany, NY area.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $635
  • Program Service Revenue: $298,648
  • Gross Receipts: $1,283,587

    • Assets and Liabilities:
  • Total Assets: $1,845,501
  • Total Liabilities: $438,713
  • Net Assets: $1,406,788
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    WORKFORCE DEVEL. & EDUCATION

    Revenue

    $155,400

    BUSINESS GROWTH SOLUTIONS

    Revenue

    $143,248

    Organization Details

    Founding Year

    1987

    Principal Officer

    Mark N Eagan

    Main Address

    FIVE COMPUTER DRIVE SOUTH, ALBANY, NY, 12205

    NTEE Category

    Code: V22Z - Social research

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