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Advanced Functional Fabrics of America

Bedford, MA · EIN 47-4830465 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Advanced Functional Fabrics of America reported $15.4 million in revenue and $14.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $81.88 went to program services, $18.12 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 97.7% of the total. Government grants made up 89.0%. The highest compensation it reported for one person was $382,231 (CEO/PRESIDENT). 5 people received more than $100,000 in reportable compensation. Revenue rose 5% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $14M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $15M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
81.9%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
18.1%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
97.7%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
89.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
2.2%69.9%
Highest reported compensation
Part VII-A, columns D–F
$382,231$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.70%1.28%
People paid over $100,000
Part VII, line 2
58
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
1.713.3
Independent voting board members
Part VI 1a–1b
7 of 8100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$12M expenses · 100.0% of program spending

Advanced Functional Fabrics of american (affoa) aims to establish a manufacturing innovation institute in the area of revolutionary fibers and textiles as a public private partnership between government, academia and industry. Affoa is a nationwide network addressing the spectrums of manufacturing challenges associated with the fiber and textile industry from concept to end products. This institute, with the help of the federal government funding will bring academia, government laboratories, nonprofit organization and industries (small, medium businesses and large corporations) under one…

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CEO/PRESIDENT
Director/trustee, officer, 50.00 hrs/week
$337,816$0$44,415$382,231
PRINCIPAL SYSTEM ARCHITECT
Highest compensated employee, 40.00 hrs/week
$214,335$0$38,601$252,936
DIRECTOR OF ENGINEERING
Highest compensated employee, 40.00 hrs/week
$205,236$0$39,090$244,326
VP NEW BUSINESS DEVELOPMEN
Highest compensated employee, 40.00 hrs/week
$205,366$0$30,237$235,603
DIRECTOR OF HUMAN RESOURCES
Highest compensated employee, 40.00 hrs/week
$196,551$0$27,280$223,831
CHAIRMAN OF BOARD
Director/trustee, officer, 2.00 hrs/week
$41,667$0$0$41,667

5 people received more than $100,000 in reportable compensation from Advanced Functional Fabrics of America (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.2M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40MFY2020FY2021FY2022FY2023FY2024FY2025$15M$14M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$15M$14M81.9%$2.0M$382,231
FY2024 ⓘ$19M$21M84.2%$758K$408,597
FY2023 ⓘ$22M$26M91.1%$2.9M$380,057
FY2022 ⓘ$21M$23M96.8%$6.7M$391,093
FY2021 ⓘ$25M$24M99.2%$8.9M$349,597
FY2020 ⓘ$15M$15M98.2%$8.8M$435,277

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b8 · 7 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13No
  • Document retention policy Part VI 14No
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aNo
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 535

Correct a figure or respond

Every number above is copied from Advanced Functional Fabrics of America's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Advanced Functional Fabrics of America, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Massachusetts

Questions people ask

How much of Advanced Functional Fabrics of America's spending goes to programs?

In the fiscal year ending June 30, 2025, Advanced Functional Fabrics of America reported that 81.9% of its $14.1 million in expenses went to program services, 18.1% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Advanced Functional Fabrics of America pay its top executive?

The largest total compensation Advanced Functional Fabrics of America reported for one person in the fiscal year ending June 30, 2025 was $382,231, for the role of CEO/PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Advanced Functional Fabrics of America get its money?

Of $15.4 million in revenue in the fiscal year ending June 30, 2025, 97.7% came from contributions and grants (including 89.0% from government grants) and 2.2% from program service revenue (Form 990, Part VIII).

Is Advanced Functional Fabrics of America a registered charity?

The IRS lists EIN 47-4830465 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631179349300123 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501149349301010 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441069349301549 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331359349313893 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201369349310505 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202113269349301406 · read the filing

All filings for EIN 47-4830465: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.