CENTER FOR ECONOMIC GROWTH

ALBANY, NY, 12205-1608 (518) 465-8975 Est. 1987 EIN 22-2880333
V22Z— Social Science Form 990 501(c)(3)
WWW.CEG.ORG

Mission

PROVIDE CUSTOMIZED STRATEGIES TO SMALL-TO-MIDDLE SIZED COMPANIES IN THE MANUFACTURING TECHNOLOGY SECTORS TO IMPROVE PRODUCTIVITY, INCREASE SALES, REDUCE COSTS, LAUNCH NEW PRODUCTS AND GROW THEIR BOTTOM LINE. IN ADDITION, WE ENGAGE IN A VARIETY OF INITIATIVES TO DEVELOP A SKILLED WORKFORCE TO SERVE THE REGION'S EMPLOYER COMMUNITY.

Giving Portfolio

Total Grants
7
Total Giving
$299K
Recipients
7
Years Active
2023 - 2024
Avg grant: $45,075 Median: $33,522

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20243$185K $62K21
20234$114K $29K40

Sectors Funded

Science & Technology
1

Top States

New York
7

Grantee Size Profile

$10M - $50M
1
$1M - $5M
1

Top Grantees

GLOBAL FOUNDRIES US INC
NY - 2 grants
$99K
GRENO INDUSTRIES INC
NY
$25K
SCHENECTADY COUNTY COMMUNITY COLLEGE
NY
$20K
NURAVINE LLC
NY
$15K
$5K

Grants Awarded · 2 grants

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Financials

Total Revenue
$1,456,973
Total Expenses
$1,662,378
Net Assets
$1,060,329
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
7.7 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 10.5%
Expenses ↑ 13.9%
Revenue Sources
Contributions 58.1% Earned revenue 38.6% Other 3.0%
Expense Breakdown
Program 95.4% Management 4.6%

Officers & Trustees (10)

We treat individual compensation with extra care. Named amounts are on Grow plans.

Filing History (6 filings)

YearRevenueExpensesNet Assets
2024 Form 990$1,456,973 $1,662,378$1,060,329
2023 Form 990$1,318,359 $1,459,413$1,265,734
2022 Form 990$1,283,587 $1,465,356$1,406,788
2020 Form 990$1,301,497 $1,109,296$-332,147
2019 Form 990$1,268,371 $1,443,521$-524,348
2018 Form 990$1,376,534 $1,371,357$-349,198

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EIN: 22-2880333 · Source: IRS Form 990 e-file data