Automation Alley
- Assets
- $8.0m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 38
- Location
- Troy, MI
- Founding
- 03/1999
- Data as of
- 08/2023
- EIN
- 38-3412779
Organization Overview
Automation Alley is located in Troy, MI. The organization was established in 1999. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2023, Automation Alley employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Automation Alley is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 08/2023, Automation Alley generated $9.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $9.3m during the year ending 08/2023. While expenses have increased by 8.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AUTOMATION ALLEY HELPS BUSINESSES EMBRACE THE FOURTH INDUSTRIAL REVOLUTION BY EQUIPPING THEM WITH THE KNOWLEDGE AND TOOLS TO DEVELOP A SOFTWARE-FIRST MINDSET THAT LEVERAGES THE INTERSECTIONS OF ADVANCED TECHNOLOGIES, SYSTEMS AND PEOPLE TO JUMPSTART OR ACCELERATE A DIGITAL PATH TO STRATEGIC SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDUSTRY 4.0 AND MEMBER SERVICES - PROVIDE A VARIETY OF RESOURCES TO MEMBER ORGANIZATIONS TO FOSTER BUSINESS DEVELOPMENT AND DIGITAL TRANSFORMATION (INCLUDING PROJECT DIAMOND)
ENTREPRENEURIAL SERVICES - MATCH TECHNOLOGY-DRIVEN START-UP COMPANIES WITH RESOURCES, SUPPORT AND INVESTMENT TO HELP ENTREPRENEURS TRANSFORM THEIR IDEAS INTO COMMERCIALIZED MARKETABLE TECHNOLOGIES
INTERNATIONAL BUSINESS - MATCH LOCAL COMPANIES WITH PARTNERS AND CUSTOMERS ABROAD AND CONNECT INTERNATIONAL COMPANIES TO BUSINESS OPPORTUNITIES IN MICHIGAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rochelle Black Board Secretary | OfficerTrustee | 1 | $0 |
Sean Carlson Board Vice President | OfficerTrustee | 1 | $0 |
Gary Conrad Board Member | Trustee | 1 | $0 |
Timothy Finerty Board Member | Trustee | 1 | $0 |
David Hay Board Member - Non Voting | Trustee | 1 | $0 |
Joshua Hundt Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pcs Insight Llc Management And Consulting | 8/30/22 | $236,170 |
Small Level Consulting Project Management | 8/30/22 | $129,659 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,008,066 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,008,066 |
| Total Program Service Revenue | $917,866 |
| Investment income | $25,570 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,575 |
| Net Income from Fundraising Events | $161,923 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,214,374 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,410,551 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $573,298 |
| Payroll taxes | $193,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $161,119 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $673,396 |
| Advertising and promotion | $155,593 |
| Office expenses | $0 |
| Information technology | $40,136 |
| Royalties | $0 |
| Occupancy | $251,456 |
| Travel | $427,399 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,238 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $129,250 |
| Insurance | $0 |
| All other expenses | $49,705 |
| Total functional expenses | $9,290,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,763 |
| Savings and temporary cash investments | $4,140,583 |
| Pledges and grants receivable | $693,115 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $58,352 |
| Net Land, buildings, and equipment | $2,318,052 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $790,568 |
| Intangible assets | $658 |
| Other assets | $0 |
| Total assets | $8,042,091 |
| Accounts payable and accrued expenses | $504,699 |
| Grants payable | $0 |
| Deferred revenue | $1,700,675 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $701,502 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,969 |
| Total liabilities | $2,934,845 |
| Net assets without donor restrictions | $3,462,544 |
| Net assets with donor restrictions | $1,644,702 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,042,091 |