Flextech Alliance Inc
- Assets
- $54.2m
- Revenue
- $43.6m
- Investments
- $0.0
- Employees
- 84
- Location
- San Jose, CA
- Founding
- 04/1994
- Data as of
- 09/2023
- EIN
- 74-2678229
Organization Overview
Flextech Alliance Inc, operating under the name Nextflex, is located in San Jose, CA. The organization was established in 1994. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 09/2023, Nextflex employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nextflex 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 09/2023, Nextflex generated $43.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 31.5% each year . All expenses for the organization totaled $42.8m during the year ending 09/2023. While expenses have increased by 32.2% 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
TO ADVANCE THE FLEXIBLE HYBRID ELECTRONICS MANUFACTURING ECOSYSTEM IN AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUCCESSFUL PROGRESS ON RESEARCH PROJECT CALLS IN AWARDING AND COMPLETING PLANNED RESEARCH AWARDS AND ISSUING A REQUEST FOR PROPOSALS FOR ADDITIONAL RESEARCH PROJECTS. OVERSEE THE RESEARCH PROJECTS ENSURING TECHNICAL AND FINANCIAL RESULTS ARE ALIGNED WITH APPROVED GOALS, MILESTONES, AND BUDGETS THROUGH TO SUCCESSFUL CONCLUSION.
CONTINUED ADDING NEW MEMBERS AND PARTICIPANTS TO THE INSTITUTE MEMBERSHIP AND ADDING ADDITIONAL GOVERNMENT AGENCY FUNDED PROJECTS THROUGH MODIFICATIONS TO THE COOPERATIVE AGREEMENT.
CONTINUED DEVELOPMENT AND EXPANSION OF AN EDUCATION, TRAINING AND WORKFORCE DEVELOPMENT PROGRAM TO HELP BUILD THE HUMAN CAPITAL BASE FOR A US FHE MANUFACTURING INDUSTRY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Malcolm Thompson Executive Director | OfficerTrustee | 40 | $493,472 |
Melissa Grupen-Shemansky President & CEO | OfficerTrustee | 1 | $0 |
Kevin Bauer Secretary | OfficerTrustee | 1 | $0 |
Ajit Manocha Chairman & Director | OfficerTrustee | 1 | $0 |
Doyle Edwards Director | Trustee | 1 | $0 |
Dan Gamota Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Hoffman Agency Mktg Pr Consulting | 9/29/23 | $150,190 |
Baker Donelson Bearman Caldwell & Ber Mktg Consulting & Lobbying | 9/29/23 | $150,000 |
New Growth Group Llc Workforce Development Consulting | 9/29/23 | $126,205 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $42,587,487 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,000 |
| Noncash contributions included in lines 1a–1f | $113,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,700,487 |
| Total Program Service Revenue | $867,303 |
| Investment income | $24,499 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,592,289 |
| 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 | $956,084 |
| Other salaries and wages | $5,279,724 |
| Pension plan accruals and contributions | $285,978 |
| Other employee benefits | $2,829,806 |
| Payroll taxes | $609,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $119,302 |
| Fees for services: Accounting | $118,562 |
| Fees for services: Lobbying | $132,556 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $939,688 |
| Advertising and promotion | $174,288 |
| Office expenses | $168,591 |
| Information technology | $466,580 |
| Royalties | $0 |
| Occupancy | $1,243,943 |
| Travel | $141,649 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,804 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $184,854 |
| Insurance | $72,121 |
| All other expenses | -$5,870,858 |
| Total functional expenses | $42,847,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,003,663 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $334,797 |
| Accounts receivable, net | $328,501 |
| 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 | $1,447,051 |
| Net Land, buildings, and equipment | $409,316 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,656,430 |
| Total assets | $54,179,758 |
| Accounts payable and accrued expenses | $12,045,522 |
| Grants payable | $0 |
| Deferred revenue | $26,114,361 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,818,126 |
| Total liabilities | $40,978,009 |
| Net assets without donor restrictions | $13,201,749 |
| Net assets with donor restrictions | $0 |
| 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 | $54,179,758 |
Grants Awarded
Over the last fiscal year, Flextech Alliance Inc has awarded $11,809,528 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN SEMICONDUCTOR PURPOSE: Research in Flexible Hybrid Electronics | $88,941 |
BMNT PARTNERS LLC PURPOSE: Research in Flexible Hybrid Electronics | $728,682 |
CAL POLY CORPORATION PURPOSE: Research in Flexible Hybrid Electronics | $162,277 |
GEORGIA TECH RESEARCH CORPORATION PURPOSE: Research in Flexible Hybrid Electronics | $23,090 |
IQM RESEARCH INSTITUTE PURPOSE: Research in Flexible Hybrid Electronics | $103,226 |
LOCKHEED MARTIN PURPOSE: Research in Flexible Hybrid Electronics | $388,501 |