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Advanced Functional Fabrics of America INC

Public charityFed auditsIRS 990
DBA: % MASSACHUSETTS INSTITUTE OF TECHNO
Other · BEDFORD, MA · EIN 47-4830465

About

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 by accelerating the widespread commericialization of highly functional advanced fibres and textiles for defense and commercial markets.

In care of Massachusetts Institute of Techno

Donations are tax-deductible
Category
Other
Employees
41
Volunteers
0

Financial Snapshot

FY ending 2024-06-30
Revenue
$18.7M
Expenses
$20.9M
Assets
$7.7M
Liabilities
$6.9M

Financial history

$25.8M$12.9M$0
161718192021222324
RevenueExpenses
Latest FY2024: $18.7M · Peak FY2023: $22.1M · Avg: $15.2M
ADVANCED FUNCTIONAL FABRICS OF AMERICA INC
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Address

135 South Road Suite 201
Bedford, MA, 01730-235

Governance

Voting board members12
Independent members12
Conflict-of-interest policyYes
Whistleblower policyNo
Doc-retention policyNo
Audit committeeYes
990 reviewed by boardNo

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Board approved compYes
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
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