Nonprofit · EIN 47-4830465
ADVANCED FUNCTIONAL FABRICS OF AMERICA INC
Tax-exempt · BEDFORD, MA 01730
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $15,377,217 | $14,149,742 | $1,227,475 | $3,226,229 | $1,240,434 | $1,985,795 |
| June 30, 2024 | 990 | $18,738,887 | $20,921,348 | -$2,182,461 | $7,671,083 | $6,912,763 | $758,320 |
| June 30, 2023 | 990 | $22,087,976 | $25,814,263 | -$3,726,287 | $10,967,169 | $8,026,388 | $2,940,781 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $15,020,710
- of which government grants
- $13,688,038
- Program service revenue
- $331,157
- Investment income
- $25,350
- Net gain from sales of assets
- -$9,650
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,167,279
- Other salaries and wages
- $3,144,270
- Salaries, compensation and benefits (total)
- $6,160,971
- Professional fundraising fees
- $0
- Legal fees
- $551,989
- Accounting fees
- $86,477
- Occupancy
- $24,329
- Travel
- $76,756
- Depreciation
- $273,629
- Program services (functional)
- $11,585,879
- Management and general (functional)
- $2,563,863
Balance sheet and other
- Total assets, start of year
- $7,671,083
- Total assets, end of year
- $3,226,229
- Total liabilities, end of year
- $1,240,434
- Net assets, end of year
- $1,985,795
- Land, buildings and equipment
- $329,457
- Net assets without donor restrictions
- $1,985,795
- Gross receipts
- $15,386,867
- Employees
- 35
- Volunteers
- 0
- Year formed
- 2015
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALEXANDER STOLYAROV | CEO/PRESIDENT Trustee or director, Officer | 50 | $337,816 | $44,415 |
| EDIN INSANIC | PRINCIPAL SYSTEM ARCHITECT Highest-paid employee | 40 | $214,335 | $38,601 |
| MICHAEL REIN | DIRECTOR OF ENGINEERING Highest-paid employee | 40 | $205,236 | $39,090 |
| NATASHA SPACKEY | VP NEW BUSINESS DEVELOPMEN Highest-paid employee | 40 | $205,366 | $30,237 |
| CAROLYN FOSTER | DIRECTOR OF HUMAN RESOURCES Highest-paid employee | 40 | $196,551 | $27,280 |
| ERIC EVANS | CHAIRMAN OF BOARD Trustee or director, Officer | 2 | $41,667 | $0 |
| ERIC SPACKEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CHARLES HOWLAND | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| IRA MOSKOWITZ | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| STEVEN TRAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| BIRAN JOHNSON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ELISABETH REYNOLDS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALEXANDER STOLYAROV | CEO/PRESIDENT Trustee or director, Officer | 50 | $366,003 | $42,594 |
| MICHELLE FARRINGTON | VP STRATEGIC GROWTH Highest-paid employee | 40 | $325,229 | $21,933 |
| EDIN INSANIC | PRINCIPAL SYSTEM ARCHITECT AND GROUP LEAD Highest-paid employee | 40 | $209,698 | $36,802 |
| RICHARD SALVAGE | EX-VP OF FINANCE Highest-paid employee | 40 | $214,986 | $23,305 |
| NATASHA SPACKEY | VP NEW BUSINESS DEVELOPMENT AND PARTNERSHIPS Highest-paid employee | 40 | $207,828 | $28,674 |
| PAUL KERN | CHAIRMAN OF BOARD Trustee or director, Officer | 2 | $100,000 | $0 |
| JOHN FRY | CHAIRMAN OF COMPENSATION C Trustee or director | 2 | $10,000 | $0 |
| CHARLES HOWLAND | CHAIR OF GOVERNANCE & NOMI Trustee or director | 2 | $10,000 | $0 |
| WALTER SMITH | CHAIR OF AUDIT COMMITTEE Trustee or director | 2 | $10,000 | $0 |
| ERIC SPACKEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| NORMAN CHAPMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| IRA MOSKOWITZ | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DR JOYCE BROWN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CARLOYN KIRK | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DAVID WHEELER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ELISABETH REYNOLDS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALEXANDER STOLYAROV | CEO/PRESIDENT Trustee or director, Officer | 50 | $342,799 | $37,258 |
| MICHELLE FARRINGTON | VP STRATEGIC GROWTH Highest-paid employee | 40 | $324,647 | $18,602 |
| JOHN KNOX | VP ENGINEERING Highest-paid employee | 40 | $282,346 | $37,647 |
| DON NADREAU | CFO Highest-paid employee | 40 | $279,757 | $32,657 |
| STEVE WEBB | DR OF GOVT PROGRAMS Highest-paid employee | 40 | $231,169 | $15,323 |
| PAUL KERN | CHAIRMAN OF BOARD Trustee or director, Officer | 2 | $75,000 | $0 |
| JOHN FRY | CHAIRMAN OF COMPENSATION COMMITEE Trustee or director | 2 | $7,500 | $0 |
| BRAD SMITH | CHAIR OF AUDIT COMMITTEE Trustee or director | 2 | $7,500 | $0 |
| MATTHEW TREXLER | BOARD MEMBER Trustee or director | 2 | $7,500 | $0 |
| ERIC SPACKEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CHARLES HOWLAND | CHAIR OF GOVERNANCE & NOMINATING COMMITTEE Trustee or director | 2 | $0 | $0 |
| NORMAN CHAPMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| IRA MOSKOWITZ | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DR JOYCE BROWN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CARLOYN KIRK | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DAVID WHEELER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ELISABETH REYNOLDS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 135 SOUTH ROAD SUITE 201, BEDFORD, MA 01730-2355
- In care of
- % MASSACHUSETTS INSTITUTE OF TECHNO
- Principal officer (990 for 2024)
- STEPHEN MATTOX, 135 SOUTH ROAD, BEDFORD, MA 01730
- Signed the 990
- STEPHEN MATTOX, CONTROLLER
- Phone
- (617) 446-6738
- Website
- WWW.AFFOA.ORG
- Return prepared by
- RAFFOL AND COMPANY INC
Mission
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 COMMERCIALIZATION OF HIGHLY FUNCTIONAL ADVANCED FIBERS AND TEXTILES FOR DEFENSE AND COMMERCIAL MARKETS.
Program accomplishments
- 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 UMBRELLA SO THAT THE CURRENT FRAGMENTED U.S. CAPABILITIES BECOME ONE COHERENT ECOSYSTEM. THE PRINCIPAL OBJECTIVE OF THE INSTITUTE IS TO DEVELOP AND SCALE CRITICAL MANUFACTURING PROCESSES FOR THE REVOLUTIONARY FIBER AND TEXTILES AND TAKE THEM FROM MRL4 TO MRL7. AFFOA WILL ALSO PROVIDE GUIDANCE AND SERVE AS A TRANSITION PARTNER TO ACCELERATE LOWER MRL ACTIVITIES. FIBERS AND TEXTILES INDUSTRY, PREDOMINATELY A LABORINTENSIVE INDUSTRY, HAS BEEN LOSING GLOBAL MARKET SHARE AND US MANUFACTURING JOBS FOR THE PAST FOUR DECADES. CONCOMITANT WITH THE DECLINE HAS BEEN THE LOSS OF INFRASTRUCTURE FOR NEW DEVELOPMENT, INCLUDING LABSCALE AND PILOT LINE FACILITIES, AND THE KNOWLEDGE BASE IN THESE AREAS FOR THE MANUFACTURING SECTOR. ALSO, A VACUUM HAS BEEN CREATED IN THE TALENT POOL ESSENTIAL TO REVIVING THE FIBER AND TEXTILE MANUFACTURING SECTOR. THESE AREAS NEED STRATEGIC INVESTMENT TO SEED AND GROW THE MANUFACTURING BASE FOR ADVANCED FIBERS AND TECHNICAL TEXTILES INDUSTRY IN THE COUNTRY. AFFOA WILL SERVE AS THE ONESTOP NETWORK FOR FIBERS AND TEXTILE MANUFACTURERS, SYSTEM INTEGRATORS, COMPANIES DESIGNING AND DEVELOPING PRODUCTS USING FIBER/TEXTILES FOR VARIOUS APPLICATIONS SUCH AS APPAREL, FURNITURE AND UPHOLSTERY, TECHNICAL TEXTILES, ADVANCED SOLDIER AND WAR FIGHTER PROTECTION, SPACE AND AVIATION, AUTOMOTIVE, PERSONAL AND PROPERTY PROTECTION, COMPOSITES, GEOTEXTILES, SPORTS AND LEISURE, MEDICAL APPLICATIONS, AGRICULTURE AND BUILDINGS. TO ENABLE THIS MANUFACTURINGBASEDREVOLUTION, AFFOA'S GOAL IS THE TRANSFORMATION OF TRADITIONAL FIBERS, YARNS AND TEXTILES INTO HIGHLY SOPHISTICATED INTEGRATED AND NETWORKED DEVICES AND SYSTEMS. TO PURSUE THIS MISSION, AFFOA WILL ADDRESS THE SPECTRUM OF MANUFACTURING CHALLENGES ASSOCIATED WITH VOLUME MANUFACTURING OF REVOLUTIONARY FIBERS AND TEXTILES FROM CONCEPT TO END PRODUCTS THROUGH DELIBERATE PLANS, PROJECTS AND PROGRAMS. AFFOA PROVIDES AN UNPRESENTED CAPABILITY TO RAPIDLY AND FLEXIBLY PRODUCE ENDITEM PROTOTYPES THROUGH ITS UNIQUE COLLABORATIVE INFRASTRUCTURE (FIN) AND SUITE OF COMPUTATIONAL DESIGN TOOLS THAT ARE THE FOCUS OF AFFOA'S DEVELOPMENT EFFORT. AFFOA WILL ENABLE AGILE MANUFACTURING INNOVATION AND TRANSFER, PROTOTYPING AND PILOTPRODUCTION FACILITIES FOR RAPID PRODUCT AND PROJECT EXECUTION, WORKFORCE EDUCATION, AND DEDICATED STARTUP INCUBATORS DRIVING INNOVATION FOR THE ENTIRE U.S. INDUSTRY. IN ADDITION TO ADVANCING THE TEXTILE MANUFACTURING SECTOR, AFFOA IS STRUCTURED TO BECOME SELFSUSTAININGBY THE END OF FIVE YEARS OR EARLIER.Expenses $11,585,879
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 47-4830465
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $3,226,229
- Income (IRS master file)
- $15,386,867
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $15,377,217 | $14,149,742 | $3,226,229 | IRS |
| 990 | June 2024 | $18,738,887 | $20,921,348 | $7,671,083 | XML |
| 990 | June 2023 | $22,087,976 | $25,814,263 | $10,967,169 | XML |
| 990 | June 2022 | $20,671,174 | $22,917,733 | $14,680,025 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-4830465).
Questions about ADVANCED FUNCTIONAL FABRICS OF AMERICA INC
- What is the EIN of ADVANCED FUNCTIONAL FABRICS OF AMERICA INC?
- The employer identification number (EIN) of ADVANCED FUNCTIONAL FABRICS OF AMERICA INC is 47-4830465.
- Is ADVANCED FUNCTIONAL FABRICS OF AMERICA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to ADVANCED FUNCTIONAL FABRICS OF AMERICA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ADVANCED FUNCTIONAL FABRICS OF AMERICA INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ADVANCED FUNCTIONAL FABRICS OF AMERICA INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ADVANCED FUNCTIONAL FABRICS OF AMERICA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ADVANCED FUNCTIONAL FABRICS OF AMERICA INC?
- The 990 for the year ended June 30, 2025 names STEPHEN MATTOX.
- Who are the officers and directors of ADVANCED FUNCTIONAL FABRICS OF AMERICA INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 6 received compensation from the organization, the highest $337,816 (ALEXANDER STOLYAROV, CEO/PRESIDENT).
- How much revenue does ADVANCED FUNCTIONAL FABRICS OF AMERICA INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $15,377,217, expenses of $14,149,742 and total assets of $3,226,229 at year end.
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