Tech Valley Game Space Inc
Nonprofit profile at a glance
- EIN
- 473782589
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2018
- Location
- Troy, NY, USA
- Phone
- 5187888851
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $44,530
- Expenses
- $54,752
- Assets
- $34,492
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
People named in this filing
- Jamey Stevenson (Co-Founder)
- Thomas Carmona (Treasurer)
- Laquana Cooke (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporation is formed exclusively for charitable and educational purposes related to games and the creation of games. The activities of the corporation are for the benefit of the citizens of Troy, NY and the surrounding area.
What it reported doing in 2024
In 2024, TVGS spent funds at the beginning of the year to renovate and update the coworking office for our members. We wanted to ensure that members had a comfortable and great space to work in and build games! One of the bigger initiatives for the year was to be more involved with the various game fests and video game themed conventions that were happening in the Capital Region. To achieve this, we set out to assist with speaker outreach for 1UpState, shared talks and hosted booths at 1UpState, PAX East, Wolfjam, Adirondacon, ROC Game Fest, RPI GameFest, and many more events and raised money for Albany Med Children's Hospital via our Extra Life fundraising event. Lastly, we were able to award funds to two different game projects via the ProtoStar pitch competition, and provided ongoing community input to the developers via Community Night events Education has always been a large focus of TVGS, and this year, we were able to provide services to a local program where we celebrated our first cohort of graduating students from the two-year high school CTE course we developed in partnership with Questar. Additionally we taught free game development lessons for K-12 students at our office (via field trips and family STEAM day), and at external venues like The Arts Center (in collaboration with Creative Action Unlimited) and Mohonasen CAT (in collaboration with Rise High) Lastly, we continued our traditional activities by organizing weekly and monthly virtual gatherings to connect indie game developers from across the Capital Region and beyond. We also added new members to the board of directors who bring additional experience related to grant administration, community outreach, and legal matters that affect the game industry
Operating model
- Revenue model
- Other-operating. 83% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 35
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -23%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 0.63; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -4.7% per year; rating input score 0; 36th percentile among comparable filings
- Revenue growth: -8.4% per year; rating input score 0; 27th percentile among comparable filings
- Asset growth: 5% per year; rating input score 100; 58th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $55K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 21/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.