Advancedtechnology Academic Research Center Inc
- Assets
- $2.2m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 28
- Location
- Leesburg, VA
- Founding
- 05/2014
- Data as of
- 12/2023
- EIN
- 46-1022225
Organization Overview
Advancedtechnology Academic Research Center Inc is located in Leesburg, VA. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Advancedtechnology Academic Research Center Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advancedtechnology Academic Research Center Inc 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, Advancedtechnology Academic Research Center Inc generated $10.5m in total revenue. All expenses for the organization totaled $9.3m during the year ending 12/2023. While expenses have increased by 81.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
ALETHIA LABS, INC. IS A NON-PROFIT ORGANIZATION THAT FOCUSES ON THREE AREAS: ACADEMIC, GOVERNMENT, AND CORPORATE. THE ACADEMIC RESEARCH SECTOR IS THE BRIDGE BETWEEN GOVERNMENT AND CORPORATE PARTICIPATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, ALETHIA LABS, INC. HOSTED OVER 80 SUMMITS AND WEBINARS THAT DREW OVER 1,400 COMBINED ATTENDEES FROM OVER 75 GOVERNMENT AGENCIES AND ACADEMIC INSTITUTIONS FOR WHICH ATTENDEES CAN RECEIVE CPE CREDIT FOR ATTENDING. THESE GROUNDBREAKING EVENTS FOCUSED ON EMERGING TECHNOLOGY TOPICS SUCH AS DEVOPS, A.I., DIGITAL TRANSFORMATION AND CLOUD COMPUTING AND FEATURED COLLABORATION BETWEEN GOVERNMENT, ACADEMIA AND PRIVATE INDUSTRY WITH THE GOAL OF HELPING IMPROVE IT EFFICIENCY WITHIN THE FEDERAL GOVERNMENT. THESE FINDINGS WERE PROVIDED TO THE GOVERNMENT AND INCLUDED BEST PRACTICES, LESSONS LEARNED AND RECOMMENDATIONS IN THESE AREAS. ALETHIA LABS HAS AN ADVISORY BOARD THAT INCLUDES THIRTY-FIVE MEMBERS OF THE FEDERAL GOVERNMENT AND OVER THIRTY INDUSTRY LEADERS. THE GOVERNMENT ALSO USES ALETHIA LABS VENUES FOR INTERNAL GOVERNMENT TRAINING COURSES FOR AI PROCUREMENT OFFICERS. ALETHIA ALSO RAN 12 COHORTS TO TRAIN GOVERNMENT PROCUREMENT OFFICERS AROUND THE U.S. IN AI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Suder Executive Dir. | Officer | 40 | $805,000 |
William Suder Vice President | 40 | $805,000 | |
Walter Bigelow Dir - Svc Delivery | 40 | $276,000 | |
Marika Robertson Dir- Strat Init | 40 | $191,010 | |
Craig Nickel Cloud Architect | 40 | $175,800 | |
Mark Hair Dir- Ai Enablement | 40 | $161,539 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lmi Consulting Project Staffing | 12/30/23 | $2,362,872 |
Knossos Group Global Project Staffing | 12/30/23 | $253,400 |
Hrtec Digital Assessment | 12/30/23 | $334,499 |
Anantyx Product Testing | 12/30/23 | $256,400 |
Dcode Group Event Planning | 12/30/23 | $349,178 |
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 | $10,512,316 |
| 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 | $10,514,316 |
| 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. | $882,846 |
| Compensation of current officers, directors, key employees. | $161,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,495,531 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $235,535 |
| Payroll taxes | $190,437 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $598 |
| Fees for services: Accounting | $26,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,564,435 |
| Advertising and promotion | $9,692 |
| Office expenses | $111,487 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,270 |
| Travel | $74,572 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $528,386 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,478 |
| Insurance | $600 |
| All other expenses | $18,160 |
| Total functional expenses | $9,262,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,168,444 |
| 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 | $73,581 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $2,242,026 |
| 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 | $297 |
| Total liabilities | $297 |
| Net assets without donor restrictions | $2,241,729 |
| 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 | $2,242,026 |