Overview

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Est.

2015

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

ADVANCED FUNCTIONAL FABRICS OF AMERICA INC (EIN: 47-4830465) is a nonprofit organization focused on education within the fibers and textiles industry. Established as a public-private partnership, its mission is to enhance U.S. global leadership by promoting the commercialization of advanced functional fibers and textiles for defense and commercial markets. With an operating budget of $20.9 million and total revenue of $18.7 million for the 2024 filing year, AFFOA is dedicated to fostering innovation and collaboration among government, academia, and industry. More information can be found at go.affoa.org.

Mission Statement

AFFOA IS A PUBLIC-PRIVATE PARTNERSHIP AMONG GOVERNMENT, ACADEMIA AND INDUSTRY, ESTABLISHED TO BUILD AND SUSTAIN U.S. GLOBAL LEADERSHIP IN THE REVOLUTIONARY FIBERS AND TEXTILES INDUSTRY BY ACCELERATING THE WIDESPREAD COMMERCIALIZATION OF HIGHLY FUNCTIONAL ADVANCED FIBERS AND TEXTILES FOR DEFENSE AND COMMERCIAL MARKETS.
Revenues
$18.7M
Expenses
$20.9M
Net Income:
-$2.2M
Assets
$7.7M
Liabilities
$6.9M
Net Assets:
+$758.3K
Operating Budget
$20.9M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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A
Alexander Stolyarov
Board Member
P
Paul Kern
Board Member
C
Charles Howland
Board Member

Frequently Asked Questions

What is ADVANCED FUNCTIONAL FABRICS OF AMERICA INC’s budget?
In 2024, ADVANCED FUNCTIONAL FABRICS OF AMERICA INC reported an annual operating budget of around $20.9 million. More detailed financial information is available to registered users.
What causes does ADVANCED FUNCTIONAL FABRICS OF AMERICA INC support?
ADVANCED FUNCTIONAL FABRICS OF AMERICA INC supports work in Education.
Where does ADVANCED FUNCTIONAL FABRICS OF AMERICA INC operate?
ADVANCED FUNCTIONAL FABRICS OF AMERICA INC is headquartered in Cambridge, MA.
What is ADVANCED FUNCTIONAL FABRICS OF AMERICA INC’s reliance on government grants?
ADVANCED FUNCTIONAL FABRICS OF AMERICA INC relied on government grants for more than 95% of their total revenue in 2024.