Picatinny Technology Innovation Center
- Assets
- $0.0
- Revenue
- $9.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Randolph, NJ
- Founding
- 08/1997
- Data as of
- 06/2020
- EIN
- 22-3443152
Organization Overview
Picatinny Technology Innovation Center is located in Randolph, NJ. The organization was established in 1997. According to its NTEE Classification (V99) the organization is classified as: Social Science N.E.C., under the broad grouping of Social Science and related organizations. As of 06/2020, Picatinny Technology Innovation Center employed 3 individuals. Picatinny Technology Innovation Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Picatinny Technology Innovation Center generated $9.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (49.3%) each year. All expenses for the organization totaled $276.0k during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST THE U.S. ARMY'S ARMAMENT RESEARCH, DEVELOPMENT AND ENGINEERING CENTER AND THE COUNTY COLLEGE OF MORRIS TO FACILITATE THE TRANSFER OF ARDEC TECHNOLOGY TO PRIVATE SECTOR ORGANIZATIONS THROUGH THE USE OF A TECHNOLOGY CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST THE U.S. ARMY'S ARMAMENT RESEARCH, DEVELOPMENT AND ENGINEERING CENTER AND THE COUNTY COLLEGE OF MORRIS TO FACILITATE THE TRANSFER OF ARDEC TECHNOLOGY TO PRIVATE SECTOR ORGANIZATIONS THROUGH THE USE OF A TECHNOLOGY CENTER.
TO ASSIST THE U.S. ARMY'S ARMAMENT RESEARCH, DEVELOPMENT AND ENGINEERING CENTER AND THE COUNTY COLLEGE OF MORRIS TO FACILITATE THE TRANSFER OF ARDEC TECHNOLOGY TO PRIVATE SECTOR ORGANIZATIONS THROUGH THE USE OF A TECHNOLOGY CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Merclean Executive Director | Trustee | 35 | $87,384 |
Dr Anthony Iacono Board Chair | OfficerTrustee | 2 | $0 |
Robert Campbell Trustee | Trustee | 2 | $0 |
Richard Goldberg Trustee | Trustee | 2 | $0 |
Gary Mulcahy Trustee | Trustee | 2 | $0 |
Megan Hunscher Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,337 |
| Investment income | $2,623 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,960 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $188,748 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,605 |
| Compensation of current officers, directors, key employees. | $6,561 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,210 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $66 |
| Payroll taxes | $5,534 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15 |
| Advertising and promotion | $0 |
| Office expenses | $2,662 |
| Information technology | $503 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,678 |
| All other expenses | $0 |
| Total functional expenses | $276,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lost Light Projects Inc Brooklyn, NY | $2,601,521 | $3,451,685 |
American Arbitration Association- International Centre For Dispute New York, NY | $9,077,103 | $3,062,163 |
Aapi Of Queens And Long Island Inc Garden City, NY | $1,041,220 | $689,922 |
Institute For Patent Studies Inc Middletown, NY | $1,727,953 | $114,740 |
Picatinny Technology Innovation Center Randolph, NJ | $0 | $8,960 |
Critica Inc Riverdale, NY | $35,477 | $0 |
Participatory Politics Foundation Brooklyn, NY | $12,181 | $134,423 |
Anti-Poverty Network Of New Jersey Bordentown, NJ | $943 | $0 |
Trac Reports Inc Syracuse, NY | $775,157 | $381,573 |
Springfield Rotary Foundation Springfield, NJ | $0 | $0 |
Foundation For The Survival Of The Human Race Inc Spring Lake, NJ | $0 | $1 |