Civic Intelligence

Tech Valley Center of Gravity Inc

EIN 90-0922584 • 501(c)3 • Troy, NY

Profile

Developing programs to foster innovations.

30 Third StreetTroy, NY 12180

www.tvcog.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

1.02x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

1.82x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

32nd percentile

-3.9%

Higher net margin than 32% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

95th percentile

118%

Faster asset growth than 95% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

33rd percentile

-2.8%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$832,032

Up $450,113 (+118%) from 2023

Liabilities

Up

$845,723

Up $468,398 (+124%) from 2023

Net Assets

Down

-$13,691

Down $18,285 (-398%) from 2023

Revenue

Down

$464,981

Down $13,393 (-2.8%) from 2023

Expenses

Up

$483,266

Up $2,415 (+0.5%) from 2023

Net Income

Down

-$18,285

Down $15,808 (-638%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500KAssets 2012: $1Liabilities 2012: $02012Assets 2013: $23,668Liabilities 2013: $19,9812013Assets 2014: $109,515Liabilities 2014: $24,769Net Assets 2014: $84,7462014Assets 2015: $205,850Liabilities 2015: $50,110Net Assets 2015: $155,7402015Assets 2016: $417,013Liabilities 2016: $55,030Net Assets 2016: $361,9832016Assets 2017: $390,619Liabilities 2017: $151,196Net Assets 2017: $239,4232017Assets 2018: $329,014Liabilities 2018: $155,357Net Assets 2018: $173,6572018Assets 2019: $240,554Liabilities 2019: $125,022Net Assets 2019: $115,5322019Assets 2020: $267,840Liabilities 2020: $229,377Net Assets 2020: $38,4632020Assets 2021: $234,791Liabilities 2021: $198,679Net Assets 2021: $36,1122021Assets 2022: $499,569Liabilities 2022: $492,498Net Assets 2022: $7,0712022Assets 2023: $381,919Liabilities 2023: $377,325Net Assets 2023: $4,5942023Assets 2024: $832,032Liabilities 2024: $845,723Net Assets 2024: -$13,6912024

Highlighted filing

2024

Assets$832,032
Liabilities$845,723
Net Assets-$13,691

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2012: $0Expenses 2012: $100Net Income 2012: -$1002012Revenue 2013: $93,289Expenses 2013: $89,502Net Income 2013: $3,7872013Revenue 2014: $158,388Expenses 2014: $77,328Net Income 2014: $81,0602014Revenue 2015: $216,572Expenses 2015: $145,578Net Income 2015: $70,9942015Revenue 2016: $424,276Expenses 2016: $382,635Net Income 2016: $41,6412016Revenue 2017: $277,211Expenses 2017: $364,651Net Income 2017: -$87,4402017Revenue 2018: $434,698Expenses 2018: $463,606Net Income 2018: -$28,9082018Revenue 2019: $368,036Expenses 2019: $400,472Net Income 2019: -$32,4362019Revenue 2020: $399,484Expenses 2020: $443,553Net Income 2020: -$44,0692020Revenue 2021: $444,290Expenses 2021: $421,641Net Income 2021: $22,6492021Revenue 2022: $413,278Expenses 2022: $416,408Net Income 2022: -$3,1302022Revenue 2023: $478,374Expenses 2023: $480,851Net Income 2023: -$2,4772023Revenue 2024: $464,981Expenses 2024: $483,266Net Income 2024: -$18,2852024

Highlighted filing

2024

Revenue$464,981
Expenses$483,266
Net Income-$18,285

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$464,981
Mission and Program Overview

Mission

Developing programs to foster innovations.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$122,635$107,457▼ $15,178
Land, Buildings, and Equipment, Net$67,162$51,252▼ $15,910
Accounts Receivable$31,183$15,934▼ $15,249
Total Assets$381,919$832,032▲ $450,113
Other Assets Total$160,939$657,389▲ $496,450
Liabilities
Other Liabilities$161,153$658,284▲ $497,131
Unsecured Notes Loans Payable$155,048$148,587▼ $6,461
Accounts Payable and Accrued Expenses$33,352$17,896▼ $15,456
Mortgage Notes Payable Secured by Investment Property$27,772$15,381▼ $12,391
Deferred Revenue-$5,575-
Total Liabilities$377,325$845,723▲ $468,398
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,594$-13,691▼ $18,285
Total Net Assets Fund Balance$4,594$-13,691▼ $18,285
Total Liabilities and Net Assets / Fund Balance$381,919$832,032▲ $450,113

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$51,252$162,076$213,328
Leasehold Improvements$0$115,000$115,000
Other Assets Org$600--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dan FalkenstromFacilities DirectorFT$63,600$63,600

Board Members and Trustees

NameTitle
Courtney WadePresident
Kit ClementeVice President
Eric Ledet Ph DBoard Member
Holly Cargill-cramerBoard Member
Jessica OtitigbeBoard Member
Joanne FernandezBoard Member
Sam BonfanteBoard Member
Tim RozmierskiBoard Member
Danee ZeiglerSecretary
Dylan ThiesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$400,614
Program Service Revenue
$64,365
Investment Income
$0
Other Revenue
$2
All Other Contributions
$19,834
Change in Net Assets
$-18,285
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$312,832
Salaries, Compensation, and Employee Benefits$170,434
Total Fundraising Expense$1,260
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$156,662$8,091-$164,753
Other Salaries and Wages$69,418$23,140-$92,558
Current Officers, Directors, Trustees, and Key Employees$63,600--$63,600
Fees for Services Management$13,096$250-$13,346
Payroll Taxes$10,831$1,884-$12,715
Insurance$8,350$2,087-$10,437
Interest-$9,480-$9,480
Fees for Services Accounting-$9,000-$9,000
Office Expenses$4,580$3,491-$8,071
Other Expenses$5,533$-184-$5,533
Travel$1,827--$1,827
Other Employee Benefits$955$606-$1,561
Information Technology$1,345--$1,345
All Other Expenses--$1,260$1,260
Advertising$1,026--$1,026
Fees for Services Legal-$250-$250
Total Functional Expenses$423,911$58,095$1,260$483,266
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$656,789
PAYROLL LIABILITIES:NY PFL$1,242
PAYROLL LIABILITIES:NY SDI$253
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Organization's process to review form 990 form 990 is prepared by an external accounting firm. Once the draft form 990 and related schedules are prepared, they are reconciled to the independent cpa review report. Then form 990 is reviewed in detail by the chairperson and executive director. The chairperson has the responsibility to approve and sign all forms.

Form 990, Part VI, Section C, Line 19

Governing documnets disclosure explanation no documents available to the public.

Filing and Contact Details

Filer

Filer Name
Tech Valley Center of Gravity Inc
EIN
90-0922584
Phone
5182797863
Address
30 THIRD STREET, TROY, NY 12180

Signing Officer

Name
Courtney Moore
Title
President
Phone
5182797863
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Courtney Moore
Formed
2013
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
4
Volunteers
130

Preparer

Firm
Bonadio & Co Llp
Address
6 WEMBLEY CT, ALBANY, NY 12205
Preparer
Ashley Roubelakis
Phone
5184644080
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IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/Desc1FACILITY AND EQUIPMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt041112
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt123253
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt041112
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt123253
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0436821
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0311270
IRS990/PYOtherRevenueAmt023733
IRS990/PYProgramServiceRevenueAmt017820
IRS990/PYRevenuesLessExpensesAmt0-2477
IRS990/PYSalariesCompEmpBnftPaidAmt0169581
IRS990/PYTotalExpensesAmt0480851
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0478374
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-18285
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt041112
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0400614
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0436821
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0345515
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0351562
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0337417
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01871929
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt064367
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt041553
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt067763
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt092728
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt062067
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0328478
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt02200407
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0464981
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0478374
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0413278
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0444290
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0399484
IRS990ScheduleA/Total509Grp/TotalAmt02200407
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0464981
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0478374
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0413278
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0444290
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0399484
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02200407
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt051252
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0162076
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0213328
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0115000
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0115000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0656789
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1600
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT OF USE ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NATIONAL GRID SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0656789
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11242
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2253
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES:NY PFL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL LIABILITIES:NY SDI
IRS990ScheduleD/TotalBookValueLandBuildingsAmt051252
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0657389
IRS990ScheduleD/TotalLiabilityAmt0658284
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION'S PROCESS TO REVIEW FORM 990 FORM 990 IS PREPARED BY AN EXTERNAL ACCOUNTING FIRM. ONCE THE DRAFT FORM 990 AND RELATED SCHEDULES ARE PREPARED, THEY ARE RECONCILED TO THE INDEPENDENT CPA REVIEW REPORT. THEN FORM 990 IS REVIEWED IN DETAIL BY THE CHAIRPERSON AND EXECUTIVE DIRECTOR. THE CHAIRPERSON HAS THE RESPONSIBILITY TO APPROVE AND SIGN ALL FORMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMNETS DISCLOSURE EXPLANATION NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0381919
IRS990/TotalAssetsEOYAmt0832032
IRS990/TotalAssetsGrp/BOYAmt0381919
IRS990/TotalAssetsGrp/EOYAmt0832032
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0400614
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01260
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt058095
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0423911
IRS990/TotalFunctionalExpensesGrp/TotalAmt0483266
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0377325
IRS990/TotalLiabilitiesEOYAmt0845723
IRS990/TotalLiabilitiesGrp/BOYAmt0377325
IRS990/TotalLiabilitiesGrp/EOYAmt0845723
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04594
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-13691
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0423911
IRS990/TotalProgramServiceRevenueAmt064365
IRS990/TotalReportableCompFromOrgAmt063600
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt064367
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0464981
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0130

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