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Advanced Functional Fabrics Of America Inc

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

EIN: 474830465 ✦ Cambridge, MA ✦ Designated as a 501(c)(3)

Overview

What is Advanced Functional Fabrics Of America Inc?

Advanced Functional Fabrics of America Inc (AFFOA) is a groundbreaking public-private partnership between government, academia, and industry, based in Cambridge, Massachusetts. AFFOA aims to develop a Manufacturing Innovation Institute, focusing on advanced fibers and textiles. This institution serves as a cohesive ecosystem for academia, government laboratories, non-profit organizations, and industries, addressing the manufacturing challenges within the fiber and textile industry. The primary objective is to develop and scale critical manufacturing processes for revolutionary fibers and textiles. AFFOA also provides guidance and acts as a transition partner to accelerate lower MRL activities. The fiber and textile industry, predominantly labor-intensive, has experienced a significant decline in global market share and US manufacturing jobs over the past four decades. To revive this sector, strategic investment is necessary to seed and grow the manufacturing base for advanced fibers and technical textiles. AFFOA will become the one-stop network for fiber and textile manufacturers, system integrators, and companies designing products using fiber/textiles for various applications. Their goal is to transform traditional fibers, yarns, and textiles into sophisticated integrated and networked devices and systems. To achieve this mission, AFFOA plans to address the spectrum of manufacturing challenges associated with volume manufacturing of revolutionary fibers and textiles from concept to end products. With unique collaborative infrastructure and computational design tools, AFFOA aims to enable agile manufacturing innovation and transfer, prototyping, and pilot production facilities for rapid product and project execution, workforce education, and dedicated startup incubators.


Official website here: www.go.affoa.org

Is Advanced Functional Fabrics Of America Inc legitimate?

Advanced Functional Fabrics Of America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Advanced Functional Fabrics Of America 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: $1,127,326
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,407,547

For more financial information, click here


Official website here: www.go.affoa.org

What is the mission statement of Advanced Functional Fabrics Of America Inc?

Advanced Functional Fabrics of America Inc (AFFOA) is a public-private partnership between government, academia, and industry, established to accelerate the commercialization of advanced functional fibers and textiles for defense and commercial markets. The organization aims to build and sustain US global leadership in this industry by developing and scaling critical manufacturing processes for revolutionary fibers and textiles. AFFOA will serve as a one-stop network for fiber and textile manufacturers, system integrators, and companies using fibers and textiles for various applications. Through deliberate plans, projects, and programs, AFFOA will address the spectrum of manufacturing challenges associated with volume manufacturing of revolutionary fibers and textiles. The organization offers unique capabilities to rapidly produce end-item prototypes and provides agile manufacturing innovation and transfer, prototyping and pilot production facilities, workforce education, and dedicated startup incubators. AFFOA's goal is to transform traditional fibers, yarns, and textiles into highly sophisticated integrated and networked devices and systems.


Official website here: www.go.affoa.org

Who is the CEO of Advanced Functional Fabrics Of America Inc?

Donald Nadreau is the Ceo/President of Advanced Functional Fabrics Of America Inc. The CEO's salary of Advanced Functional Fabrics Of America Inc is $357,487 and their total compensation is $391,093.


Official website here: www.go.affoa.org

What is the revenue of Advanced Functional Fabrics Of America Inc?

Advanced Functional Fabrics Of America Inc's revenue in 2022 was $20,671,174.


Official website here: www.go.affoa.org

Who are the executives of Advanced Functional Fabrics Of America Inc and what are their salaries?

The average compensation at Advanced Functional Fabrics Of America Inc during 2022 was $113,372. There are 40 employees and 8 volunteers at Advanced Functional Fabrics Of America Inc.

Here are 19 key members and their salaries (Advanced Functional Fabrics Of America Inc's CEO's salary is $357,487 and their total compensation is $391,093):

    Alexander Stolyarov (Ceo/President) [Trustee/Director]
  • Compensation: $357,487
  • Related: $0
  • Other: $33,606

    • Michelle Farrington (Chief Technology Officer)
  • Compensation: $285,058
  • Related: $0
  • Other: $16,487

    • John Knox (Vp Engineering)
  • Compensation: $215,067
  • Related: $0
  • Other: $30,818

    • Ytshak Avrahami (Vp Mfg Operations)
  • Compensation: $204,763
  • Related: $0
  • Other: $33,330

    • Natasha Spackey (Vp New Business Dev & Partnerships)
  • Compensation: $211,303
  • Related: $0
  • Other: $18,415

    • Mihai Ibanescu (Director Systems Engineering)
  • Compensation: $192,422
  • Related: $0
  • Other: $28,165

    • Jennifer Mccabe (General Counsel/Secretary)
  • Compensation: $202,650
  • Related: $0
  • Other: $0

    • Paul Kern (Director/Chair)
  • Compensation: $75,000
  • Related: $0
  • Other: $0

    • Donald Nadreau (Cfoo)
  • Compensation: $56,584
  • Related: $0
  • Other: $6,396

    • John Fry (Director)
  • Compensation: $7,500
  • Related: $0
  • Other: $0

    • Walter Bradford Smith (Director)
  • Compensation: $7,500
  • Related: $0
  • Other: $0

    • Eric Spackey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles Howland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Norman Chapman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ira Moskowitz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Joyce Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carloyn Kirk (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Krystyn Van Vliet (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.go.affoa.org

    Where can I find the form 990 for Advanced Functional Fabrics Of America Inc?

    The Advanced Functional Fabrics Of America Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.go.affoa.org

    Learn more at the official website: www.go.affoa.org

    Mission Statement of Advanced Functional Fabrics Of America Inc

    Advanced Functional Fabrics of America Inc (AFFOA) is a groundbreaking public-private partnership among government, academia, and industry, established to build and sustain U.S. global leadership in the revolutionary fibers and textiles industry. The organization's primary objective is to accelerate the widespread commercialization of highly functional advanced fibers and textiles for both defense and commercial markets.

    AFFOA acts as a nationwide network addressing the manufacturing challenges associated with the fiber and textile industry, from concept to end products. With the help of federal government funding, AFFOA aims to bring academia, government laboratories, non-profit organizations, and industries (small, medium businesses, and large corporations) under one umbrella to create a cohesive ecosystem. The principal goal is to develop and scale critical manufacturing processes for revolutionary fibers and textiles, taking them from MRL-4 to MRL-7, and provide guidance as a transition partner to accelerate lower MRL activities.

    The fiber and textiles industry, predominantly a labor-intensive industry, has been losing global market share and US manufacturing jobs for the past four decades. A vacuum has been created in the talent pool essential to reviving the fiber and textile manufacturing sector. AFFOA serves as the one-stop network for fiber and textile manufacturers, system integrators, and companies designing and developing products using fiber/textiles for various applications such as apparel, furniture and upholstery, technical textiles, advanced soldier and war fighter protection, space and aviation, automotive, personal and property protection, composites, geotextiles, sports and leisure, medical applications, agriculture, and buildings. To enable this manufacturing-based revolution, AFFOA's goal is the transformation of traditional fibers, yarns, and textiles into highly sophisticated integrated and networked devices and systems. AFFOA will address the spectrum of manufacturing challenges associated with volume manufacturing of revolutionary fibers and textiles through deliberate plans, projects, and programs. AFFOA provides an unprecedented capability to rapidly and flexibly produce end-item prototypes through its unique collaborative infrastructure and suite of computational design tools, enabling agile manufacturing innovation and transfer, prototyping and pilot production facilities for rapid product and project execution, workforce education, and dedicated startup incubators driving innovation for the entire US industry.

    Impact

    This information is meant to be a general summary of Advanced Functional Fabrics Of America Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Advanced Functional Fabrics Of America Inc's impact lies in its efforts to revolutionize the fibers and textiles industry in the United States. Through a collaborative network involving government, academia, and industry, AFFOA aims to accelerate the commercialization of advanced fibers and textiles for both defense and commercial markets. By establishing a manufacturing innovation institute, AFFOA is addressing the manufacturing challenges associated with revolutionary fibers and textiles, from concept to end products.

    The institute's objective is to develop and scale critical manufacturing processes for advanced fibers and textiles, elevating the industry from MRL-4 to MRL-7. AFFOA serves as a transition partner to accelerate lower MRL activities, guiding manufacturers, system integrators, and product developers in various sectors such as apparel, technical textiles, soldier protection, space and aviation, automotive, and more.

    AFFOA's unique collaborative infrastructure fosters agile manufacturing innovation, rapid prototyping, and workforce education. By providing dedicated startup incubators and computational design tools, AFFOA is driving innovation and revitalizing the textile manufacturing sector in the U.S. The institute aims to become self-sustaining within five years, further solidifying its impact on the industry's growth and competitiveness.





    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: $0
  • Program Service Revenue: $1,286,066
  • Gross Receipts: $20,671,174

    • Assets and Liabilities:
  • Total Assets: $14,680,025
  • Total Liabilities: $8,012,957
  • Net Assets: $6,667,068
  • Programs

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

    MEP

    Revenue

    $1,156,145

    MEMBERSHIP REVENUE

    Revenue

    $129,921

    Organization Details

    Founding Year

    2015

    Principal Officer

    Donald Nadreau

    Main Address

    12 EMILY STREET 2, CAMBRIDGE, MA, 02139

    NTEE Category

    Code: B11 - Education

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