TECH VALLEY CENTER OF GRAVITY INC Charity Report

Public IRS 990 nonprofit record

TECH VALLEY CENTER OF GRAVITY INC

EIN 90-0922584 · Educational Services (B90)

What they do

TECH VALLEY CENTER of GRAVITY is A MAKERSPACE, PROTOTYPING CENTER, MANUFACTURING INCUBATOR, STEAM EDUCATION CENTER, COMMUNITY GATHERING SPACE, and CREATIVE COMMUNITY. AS A NOT-FOR-PROFIT COMMUNITY RESOURCE, WE NURTURE THE PERSONAL and ECONOMIC GROWTH of OUR MEMBERS, OUR NEIGHBORS, and THE WIDER TECH VALLEY COMMUNITY THROUGH OUR WORK and OUR COLLABORATIONS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $87.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders11 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

91.17%of revenue went to mission work87.7% of expenses · Program services

0.27%of revenue went to fundraising0.3% of expenses

$103.93spent for every $100 of revenueSpending was higher than revenue this year.

12.49%of revenue went to management and office costs12.0% of expenses

$1.72in assets for every $1 spent this yearSome assets cannot be spent right away.

86.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $18,285 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $63,600 for DAN FALKENSTROM (FACILITIES DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$464,981

Mission workProgram services$423,91191.17% of revenue87.7% of expenses

ManagementOffice and general costs$58,09512.49% of revenue12.0% of expenses

FundraisingAsking for donations$1,2600.27% of revenue0.3% of expenses

Total expenses$483,266103.93% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 87.7% mission · 12.0% management · 0.3% fundraisingTotal expenses: 103.93% of revenue

2023Expense mix: 86.2% mission · 12.8% management · 0.9% fundraisingTotal expenses: 100.52% of revenue

2022Expense mix: 84.7% mission · 15.3% management · 0.0% fundraisingTotal expenses: 100.76% of revenue

2021Expense mix: 80.3% mission · 16.4% management · 3.2% fundraisingTotal expenses: 94.90% of revenue

2020Expense mix: 80.8% mission · 16.4% management · 2.8% fundraisingTotal expenses: 111.03% of revenue

2019Expense mix: 81.2% mission · 15.8% management · 3.0% fundraisingTotal expenses: 108.81% of revenue

2018Expense mix: 81.8% mission · 14.4% management · 3.7% fundraisingTotal expenses: 106.65% of revenue

2017Expense mix: 89.0% mission · 11.0% management · 0.0% fundraisingTotal expenses: 131.54% of revenue

Money in and money out

Revenue$464,981

Expenses$483,266

Annual shortfall $18,285 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$423,911 · 87.7% of expenses

Management and office costs$58,095 · 12.0% of expenses

Fundraising$1,260 · 0.3% of expenses

See all reported dollar amounts

Revenue$464,981

Expenses$483,266

Assets$832,032

Income$464,981

Contributions$400,614

Mission work (program services)$423,911

Fundraising$1,260

Management and general$58,095

Accounting fees$9,000

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DAN FALKENSTROMFACILITIES DIRECTOR · 40 hrs/week $63,600

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (11)

DAN FALKENSTROMFACILITIES DIRECTOR

COURTNEY WADEPRESIDENT

DANEE ZEIGLERSECRETARY

DYLAN THIESTREASURER

ERIC LEDET PH DBOARD MEMBER

HOLLY CARGILL-CRAMERBOARD MEMBER

JESSICA OTITIGBEBOARD MEMBER

JOANNE FERNANDEZBOARD MEMBER

KIT CLEMENTEVICE PRESIDENT

SAM BONFANTEBOARD MEMBER

TIM ROZMIERSKIBOARD MEMBER

About this charity

Recognized since: January 2015
Location: 30 3RD ST, TROY, NY 12180-3906
County: Rensselaer
In care of: COURTNEY MOORE
Primary officer: COURTNEY MOORE, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailinfo@tvcog.net Phone(518) 279-7863

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: BONADIO & CO LLP
NTEE classification: Educational Services (B90)
IRS tax category: Educational Services