NonprofitsTech Foundry Inc

Education

Tech Foundry Inc

SPRINGFIELD, MA

Total revenue

$2.0M

Total expenses

$1.7M

Net assets

$1.1M

Grants received

$1.3M

34 grants

EIN

464389001

Tax year

2024

Mission

Founded by concerned area employers who saw a dramatic need for a skilled it workforce, tech foundry is on a mission to build the most dynamic and fluid it workforce development and training programs ever created. Driven by specific employer demands, we combine hands-on skill focused technical training with professional development, which aids us in our overarching duty to elevate an under-served, at-risk population into tomorrow's it workforce. The greater springfield area of massachusetts is a region ripe with opportunity. A low cost of living and high and quality of life make it an attractive community for businesses and employees alike. The obstacle to growth for our region is the lack of a skilled workforce. Without a strong, scalable, and dynamic workforce, employers are hesitant to locate and grow jobs here and the talent we do have is hesitant to stay. At no cost to the students, we prepare a cross-section of the population to step into a sustainable career in the information t

Financials

FY 2024

Revenue

Contributions & grants$1.9M
Program service revenue$43K
Investment income$544
Other revenue
Total revenue$2.0M

Expenses

Grants paid
Salaries & benefits$1.1M
Fundraising$105K
Other expenses$524K
Total expenses$1.7M
Total assets$1.5M
Net assets$1.1M

People

17 listed

NameRoleCompensation

PAUL NICHOLSON

TREASURER

Board

1 hrs/wk

DIANNE DOHERTY

DIRECTOR

Board

0.5 hrs/wk

ANN MCFARLAND BURKE

DIRECTOR

Board

0.5 hrs/wk

DAWN CREIGHTON

DIRECTOR

Board

0.5 hrs/wk

JAY ASH

DIRECTOR

Board

0.5 hrs/wk

EVERTON CHIN

DIRECTOR

Board

0.5 hrs/wk

BRIANA DAWKINS

CLERK

Board

1 hrs/wk

MIKE WALKER

PRESIDENT

Board

1 hrs/wk

SAMALID HOGAN

DIRECTOR

Board

0.5 hrs/wk

XIAOLEI HUA

DIRECTOR

Board

0.5 hrs/wk

CINDY KNOWLES

DIRECTOR

Board

0.5 hrs/wk

PATRICK STRECK

DIRECTOR

Board

0.5 hrs/wk

DR GEORGE TIMMONS

DIRECTOR

Board

0.5 hrs/wk

HECTOR TOLEDO

DIRECTOR

Board

0.5 hrs/wk

SALAM ZEBIAN

DIRECTOR

Board

0.5 hrs/wk

DAMON DEPAOLO

DIRECTOR

Board

0.5 hrs/wk

PATRICIA CANAVAN

CEO

Staff

$172K

40 hrs/wk

Grants received

Showing 34 of 34

FromAmountPurposeYear
$150K
GENERAL OPERATING SUPPORT FOR JOB TRAINING PROGRAM THAT PREPARES INDIVIDUALS FOR SUSTAINABLE CAREERS IN TECHNOLOGY FIELDS
2024
$8K
TO SUPPORT TECH FOUNDRY IT SUPPORT TRAINING PROGRAM 2024-2025
2024
$100K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$75K
EXEMPT PURPOSE
2023
$70K
GENERAL OPERATING SUPPORT FOR JOB TRAINING PROGRAM THAT PREPARES INDIVIDUALS FOR SUSTAINABLE TECH CAREERS
2023
$60K
Tech Foundry IT Training Program
2023
$31K
ECONOMIC DEVELOPMENT
2023
$30K
STRENGTHENING COMMUNITIES - DIGITAL EQUITY, EDUCATIONAL AND CAREER PATHWAYS
2023
$22K
For grant recipient's exempt purposes
2023
$12K
JOB TRAINING PROGRAMS
2023
$5K
TECH FOUNDRY IT TRAINING PROGRAM: MEMBER COACHING PROGRAM
2023
$50K
EXEMPT PURPOSE
2022
$20K
TECH FOUNDRY IT SUPPORT TRAINING PROGRAM
2022
$20K
UNRESTRICTED GENERAL SUPPORT
2022
$15K
JOB TRAINING PROGRAMS
2022
$32K
TECH FOUNDRY - EVOLUTION
2021
$10K
For recipient's exempt purpose
2021
$3K
CHARITABLE PROGRAMS
2021
$40K
JOB TRAINING PROGRAMS
2020
$5K
For grant recipient's exempt purposes
2020
$2K
CHARITABLE PROGRAMS
2020
$127K
JOB TRAINING PROGRAMS
2019
$6K
For grant recipient's exempt purposes
2019
$35K
PROGRAM SUPPORT
2018
$8K
ECONOMIC DEVELOPMENT
2018
$25K
Education
2017

Funded by

$1.3M from 17 funders · 34 grants · 2017–2024

American Online Giving Foundation Inc

$231K · 3 grants · 2022–2024

The Ceres Foundation Inc

$220K · 2 grants · 2023–2024

Masshire Hampden County Workforce Board

$193K · 4 grants · 2019–2023

Massmutual Foundation Inc

$125K · 2 grants · 2022–2023

Vanguard Charitable Endowment Program

$110K · 2 grants · 2021–2023

Community Foundation Of Western

$97K · 4 grants · 2018–2023

The Beveridge Family Foundation

$67K · 2 grants · 2018–2021

Amelia Peabody Foundation

$60K · 1 grant · 2023

Details

EIN464389001
NTEE codeB30
Subsection03
Ruling date2014-06
Formed2013
Employees20
Volunteers95
TECH FOUNDRY INC — Mission, Financials & Grants Received | Grantivo