America Achieves Inc

What it reported doing in 2024

Tech hubs planning and initial implementation supportwe successfully provided technical assistance to regional coalitions applying to become federal tech hubs and supported initial implementation of their plans, with a key focus on embedding career pathways and fair access to economic opportunity. This followed our previous successful efforts to encourage congress to enact the initial $500 million for this federal tech hubs program. We supported a total of 13 regions across phases i and ii of the tech hubs competition, of which six ultimately received large-scale implementation grants a win rate of 46%, more than 15 times the national win rate. (continued on schedule o)together, the six hubs we helped design accounted for a total of $225 million in federal funding.america achieves worked with each regional coalition to advise on or draft its overall tech hubs plan, apply for federal funding, and develop implementation plans. This included, but was not limited to, creating and expanding effective career pathways aligned to the hiring and economic development needs of each tech hub. These six regions, along with five other finalists we supported, have economic development and career pathway initiatives and plans supported by multi-sector coalitions. Most are on a path to ensure that local residents access leading roles and good jobs in high-growth tech sectors across the country from drones and photonics to lithium batteries and personalized medicine. These tech hubs aim to create more than 100,000 jobs and align talent pipelines with these opportunities to expand access to pathways to good jobs for local residents.these regions offer promising pathways to high-value credentials, including industry-designed and more traditional paths through the community college system, to help learners secure work in high-growth sectors. Examples include the tulsa hub for equitable & trustworthy autonomy (theta), which is transforming the tulsa, Oklahoma region into a globally competitive hub for the development, testing, manufacturing, and deployment of cyber-secure autonomous systems, such as drones. Theta builds on tulsa's legacy of aerospace manufacturing, significant investments in the local drone industry, and nationally unique testing facilities. In addition, theta includes partnerships with tribal nations and black tech street to meaningfully engage underrepresented communities in advanced technologies and expand economic opportunity to these communities. Tulsa has advanced new pathways to credentials to support this tech hubs strategy.the Wisconsin biohealth tech hub is drawing on Wisconsin's extensive manufacturing history and its emerging research strengths in biotech to position the state as a global leader in personalized medicine an emerging healthcare approach that tailors tests, treatments, and therapies informed by a patient's unique genetic code, medical record, and environment. This coalition includes milwaukee area technical college (matc) and madison area technical college (madison college), which are expanding and launching credential pathways in partnership with wraparound and career navigation supports from regional workforce boards to meet the needs of employers and trainees/workers and to ensure a broader and deeper talent pool. Overall, the project aims to prepare and place thousands of workers in good jobs in biohealth, personalized health, and associated manufacturing and technology sectors within five years.headwaters hub seeks to establish Montana as a global leader in the development and production of "smart photonic sensors" primarily optical and laser technologies and in ways that local businesses and workers can apply cutting-edge technology, in combination with artificial intelligence and machine learning, to self-driving vehicles, emissions tracking, and farm and wildfire management, among other applications. Montana's proposal centers on rural and tribal communities and seeks to ensure that these communiti

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 86.1%; rating input score 86
• Fundraising efficiency: $1.36 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 77.8%; rating input score 78; 17th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -1,297.2%; rating input score 0; 0th percentile among comparable filings
• Total-asset coverage ratio: 0.08; rating input score 4; 4th percentile among comparable filings
• Liabilities to assets ratio: 0.31; rating input score 24; 24th percentile among comparable filings
• Officer compensation ratio: 21.1%; rating input score 13; 13th percentile among comparable filings

Growth

• Program expense growth: -1.7% per year; rating input score 0; 13th percentile among comparable filings
• Revenue growth: -4.1% per year; rating input score 0; 6th percentile among comparable filings
• Asset growth: -4% per year; rating input score 0; 8th percentile among comparable filings