Advanced Material & Manufacturing Technology Center Research
- Assets
- $476.7k
- Revenue
- $489.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Melville, NY
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 27-0685219
Organization Overview
Advanced Material & Manufacturing Technology Center Research, operating under the name Composite Prototyping Center, is located in Melville, NY. The organization was established in 2015. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 12/2023, Composite Prototyping Center employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Composite Prototyping 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 12/2023, Composite Prototyping Center generated $489.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $564.5k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SMALL AND MEDIUM SIZED MANUFACTURERS THE OPPORTUNITY TO ADDRESS NEW MARKETS THAT REQUIRE THE USE OF COMPOSITE MATERIALS AND HELP REGIONAL MANUFACTURERS PRODUCE COMPOSITE PRODUCTS THROUGH TRAINING AND EQUIPMENT AVAILABILITY. IWA WILL PROVIDE A FULL SPECTRUM OF SERVICES RANGING FROM ENGINEERING, PROCESS DEVELOPMENT, PRODUCT DEVELOPMENT, INSPECTION, AND TESTING, TO WORKFORCE TRAINING AND DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SMALL AND MEDIUM SIZED MANUFACTURES THE OPPORTUNITY TO ADDRESS NEW MARKETS THAT REQUIRE THE USE OF COMPOSITE MATERIALS AND HELP REGIONAL MANUFACTURERS PRODUCE COMPOSITE PRODUCTS THROUGH TRAINING AND EQUIPMENT AVAILABILITY. IWA WILL PROVIDE A FULL SPECTRUM OF SERVICES RANGING FROM ENGINEERING, PROCESS DEVELOPMENT, PRODUCT DEVELOPMENT, INSPECTION, AND TESTING TO WORKFORCE TRAINING AND DEVELOPMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Farrell Chairman Of The Board | OfficerTrustee | 2.5 | $0 |
Barry Shorten Secretary | OfficerTrustee | 4.5 | $0 |
Jeffrey Bass Treasurer | OfficerTrustee | 4.5 | $0 |
Joseph Garone Vice President | OfficerTrustee | 2.5 | $0 |
Annmarie Scheidt Board Member | Trustee | 2.5 | $0 |
John Smith Board Member | Trustee | 2.5 | $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 | $15,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,000 |
| Total Program Service Revenue | $474,482 |
| Investment income | $0 |
| 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 | $489,836 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $115,199 |
| Compensation of current officers, directors, key employees. | $69,119 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $207,563 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $66,130 |
| Payroll taxes | $29,477 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,111 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,780 |
| Advertising and promotion | $2,207 |
| Office expenses | $19,153 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,586 |
| Travel | $5,938 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,418 |
| Interest | $341 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,864 |
| Insurance | $8,031 |
| All other expenses | $131 |
| Total functional expenses | $564,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280,799 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $144,621 |
| 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 | $36,937 |
| Net Land, buildings, and equipment | $14,310 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $476,667 |
| Accounts payable and accrued expenses | $31,576 |
| Grants payable | $0 |
| Deferred revenue | $15,000 |
| 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 | $46,576 |
| Net assets without donor restrictions | $430,091 |
| 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 | $476,667 |