Automation Alley
- Assets
- $10.1m
- Revenue
- $14.2m
- Investments
- $0.0
- Employees
- 22
- Location
- Troy, MI
- Founding
- 03/1999
- Data as of
- 08/2021
- 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 08/2021, Automation Alley employed 22 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 08/2021, Automation Alley generated $14.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $12.8m during the year ending 08/2021. While expenses have increased by 17.6% per year over the past 6 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
2021
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.
DEFENSE -PROVIDE ASSISTANCE AND OPPORTUNITIES TO LOCAL COMPANIES TO DIVERSIFY INTO THE DEFENSE INDUSTRY AND PROVIDE COMPANIES ACCESS TO NEW AND EMERGING TECHNOLOGIES CRITICAL TO THE GROWTH OF SMALL AND MEDIUM-SIZED BUSINESSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Kelly Executive Director | OfficerTrustee | 45 | $240,520 |
Cynthia Hutchison Vice President | Officer | 45 | $114,933 |
Rochelle Black Board Member | OfficerTrustee | 1 | $0 |
Tarek Sobh Board Member | OfficerTrustee | 1 | $0 |
Kurt Saldana Board Member | OfficerTrustee | 1 | $0 |
John Paul Rea Board Member | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pcs Insight Llc Management And Consulting | 8/30/21 | $259,161 |
Conway Mackenzie Llc Management And Consulting | 8/30/21 | $200,000 |
Small Level Consulting Project Management | 8/30/21 | $175,698 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $244,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,119,712 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,364,612 |
| Total Program Service Revenue | $623,837 |
| Investment income | $2,839 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $109,365 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,162,417 |
| 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 | $1,389,045 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $264,166 |
| Payroll taxes | $117,720 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $243,095 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $7,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $574,644 |
| Advertising and promotion | $184,496 |
| Office expenses | $0 |
| Information technology | $90,179 |
| Royalties | $0 |
| Occupancy | $249,215 |
| Travel | $9,292 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,071 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $120,347 |
| Insurance | $0 |
| All other expenses | $22,890 |
| Total functional expenses | $12,830,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,219 |
| Savings and temporary cash investments | $5,839,030 |
| Pledges and grants receivable | $411,160 |
| Accounts receivable, net | $87,415 |
| 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 | $70,211 |
| Net Land, buildings, and equipment | $2,480,378 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $873,823 |
| Intangible assets | $905 |
| Other assets | $0 |
| Total assets | $10,050,141 |
| Accounts payable and accrued expenses | $529,518 |
| Grants payable | $0 |
| Deferred revenue | $2,331,535 |
| 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 | $775,063 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,028 |
| Total liabilities | $3,676,144 |
| Net assets without donor restrictions | $4,382,698 |
| Net assets with donor restrictions | $1,991,299 |
| 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 | $10,050,141 |
Endowment Analysis
| Beg. Balance | $13,581 |
| Earnings | $1,021 |
| Ending Balance | $14,602 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Automation Alley Troy, MI | $10,050,141 | $14,162,417 |
International Automotive Oversight Bureau Southfield, MI | $23,323,319 | $7,456,066 |
Ohio Community Development Finance Fund Columbus, OH | $57,278,842 | $7,712,446 |
Cincinnati Better Business Bureau Inc Cincinnati, OH | $1,847,305 | $4,143,788 |
Battle Creek Unlimited Inc Battle Creek, MI | $30,442,185 | $6,639,976 |
American Academy Of Emergency Medicine Inc Milwaukee, WI | $5,226,963 | $3,404,237 |
Better Business Bureau Of Wisconsin Inc Milwaukee, WI | $5,171,220 | $3,579,852 |
Uptown Reinvestment Corporation Inc Flint, MI | $86,466,656 | $7,223,856 |
Great Lakes Womens Business Council Livonia, MI | $4,549,211 | $2,702,361 |
American Alliance Of Orthopaedic Executives Inc Indianapolis, IN | $1,277,728 | $2,372,301 |
Better Business Bureau Of Western Michigan Inc Grand Rapids, MI | $2,011,016 | $2,272,274 |
Better Business Bureau Of Toledo Inc Toledo, OH | $3,159,147 | $2,296,874 |