NonprofitsCitec Inc

Education

Citec Inc

POTSDAM, NY

Total revenue

$1.1M

Total expenses

$1.0M

Net assets

$1.5M

Grants received

$185K

6 grants

EIN

133673737

Tax year

2024

Mission

Providing assistance to the development and growth of technology based businesses through international trade, educational resources, and communication.

Financials

FY 2024

Revenue

Contributions & grants$649K
Program service revenue$421K
Investment income$17K
Other revenue
Total revenue$1.1M

Expenses

Grants paid
Salaries & benefits$807K
Fundraising
Other expenses$221K
Total expenses$1.0M
Total assets$1.6M
Net assets$1.5M

People

14 listed

NameRoleCompensation

RONALD BACON

TRUSTEE

Board

2 hrs/wk

MANNA DOYLE

TRUSTEE

Board

2 hrs/wk

STEPHEN HUNT

TRUSTEE

Board

2 hrs/wk

JOHN CHATTERTON

TRUSTEE

Board

2 hrs/wk

GEORGE BOUYEA

PRESIDENT

Board

3 hrs/wk

EOWYN DOUD

TRUSTEE

Board

2 hrs/wk

MICHAEL BUSSE

TRUSTEE

Board

2 hrs/wk

SCOTT MCNULTY

TRUSTEE

Board

2 hrs/wk

WAYNE WHITE

TRUSTEE

Board

2 hrs/wk

ANDREW MCMAHON

VICE PRESIDENT

Board

3 hrs/wk

DANIEL VOTRAW

SECRETARY/TREASURER

Board

3 hrs/wk

STEVEN LOCKWOOD

EXECUTIVE DIRECTOR

Staff

$169K

40 hrs/wk

KATERINE CHEPELEFF

BUSINESS ADVISOR

Staff

$123K

40 hrs/wk

MILAGRO PETERS

ACCOUNTING OFFICER

Staff

$109K

40 hrs/wk

Grants received

Showing 6 of 6

FromAmountPurposeYear
$41K
INNOVATION AWARD
2024
$40K
WORKFORCE RETENTION BY DESIGN TO ENCOURAGE ECONOMIC DEVELOPMENT LOCALLY
2023
$19K
INNOVATION AWARD
2023
$40K
SUPERVISORY, MANAGEMENT, AND LEADERSHIP DEVELOPMENT FOR EMPLOYEE RETENTION
2022
$35K
WORKFORCE READINESS TO IMPROVE RETENTION
2021
$10K
To help scale PPE production and to maximize PPE lifespan.
2021

Funded by

$185K from 4 funders · 6 grants · 2021–2024

Alcoa Foundation

$80K · 2 grants · 2022–2023

Fuzehub Inc

$60K · 2 grants · 2023–2024

Arconic Foundation

$35K · 1 grant · 2021

Details

EIN133673737
NTEE codeB99Z
Subsection03
Ruling date1993-06
Formed1985
Employees6
Volunteers13
CITEC INC — Mission, Financials & Grants Received | Grantivo