American Lightweight Materials Manufacturing Innovation Institute
- Assets
- $55.8m
- Revenue
- $33.3m
- Investments
- $0.0
- Employees
- 44
- Location
- Detroit, MI
- Founding
- 03/2014
- Data as of
- 12/2022
- EIN
- 46-3793024
Organization Overview
American Lightweight Materials Manufacturing Innovation Institute, operating under the name Lightweight Innovation For Tomorrow, is located in Detroit, MI. The organization was established in 2014. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 12/2022, Lightweight Innovation For Tomorrow employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lightweight Innovation For Tomorrow 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 12/2022, Lightweight Innovation For Tomorrow generated $33.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $31.5m during the year ending 12/2022. While expenses have increased by 23.7% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH A LIGHTWEIGHT AND MODERN METALS MANUFACTURING INNOVATION INSTITUTE AND TO CARRY OUT THE PURPOSES OF THE MEMBERS WITH RESPECT TO SCIENTIFIC RESEARCH, EDUCATION, DEVELOPMENT, AND INNOVATION OF OPTIMIZED, MULTI-MATERIAL LIGHTWEIGHT STRUCTURES FOR TRANSPORTATION AND TESTING THEREOF, AND THE MANUFACTURING PROCESSES THEREFOR, IN ORDER TO ADVANCE THE OBJECTIVES OF THE US GOVERNMENT RELATING TO DEFENSE AND COMMERCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALMMII'S TECHNOLOGY PROGRAM, LIFT LEADING INNOVATIONS FOR TOMORROW, CONNECTS MATERIALS PLUS PROCESS PLUS SYSTEMS TO TRANSITION CUTTING-EDGE TECHNOLOGY FROM ADVANCED RESEARCH TO INDUSTRY COMMERCIALIZATION. LIFT'S TECHNOLOGY PILLARS ARE: -INTEGRATED COMPUTATIONAL MATERIALS ENGINEERING (ICME) AND COMPUTATIONAL ENGINEERING -AGILE AND SMARTER MANUFACTURING -ADVANCED ALLOY AND PROCESS DEVELOPMENT -MULTI-MATERIAL JOINING
ALMMII'S TALENT PROGRAM, LIFT LEARNING INNOVATIONS FOR TOMORROW, WORKS TO ADVANCE AMERICA'S WORKFORCE TOWARD MANUFACTURING TECHNOLOGY-DRIVEN JOBS AND SKILLS BY CREATING NEW LEARNING TOOLS, PATHWAYS AND VENUES. AS LIFT DEVELOPS FUTURE TECHNOLOGIES, WE ARE ENSURING THE NEXT GENERATION OF ADVANCED MANUFACTURING TALENT IS PREPARED FOR SUCCESS. -IMPLEMENTING NEW LEARNING TOOLS - IGNITE MASTERING MANUFACTURING (ADVANCED MANUFACTURING CURRICULA) -DESIGNING NEW LEARNING PATHWAYS - OPERATION NEXT (TRANSITIONING ACTIVE DUTY MILITARY PERSONNEL TO CIVILIAN JOBS) -DEVELOPING NEW LEARNING VENUES - LIFT LEARNING LAB (IMMERSIVE LEARNING FACILITY POWERED BY OUR IGNITE MASTERING MANUFACTURING CURRICULA PREPARING STUDENTS FOR THE MOST IN-DEMAND MANUFACTURING CAREERS)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becky Stewart Board Chair | OfficerTrustee | 1 | $0 |
Zach Mears Vice Chair | OfficerTrustee | 1 | $0 |
Michael Bernard Secretary | OfficerTrustee | 1 | $0 |
Karen M Belans Director | Trustee | 1 | $0 |
Jon Kinsey Director | Trustee | 1 | $0 |
Martin Kinsella Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Solvus Global Scientific Expertise And Mgt Svcs | 12/30/22 | $2,114,071 |
Odyne Systems Llc Scientific Expertise And Mgt Svcs | 12/30/22 | $2,400,000 |
Frontier Performance Polymers Corporatio Scientific Expertise And Mgt Svcs | 12/30/22 | $1,650,000 |
Vrc Metal Systems Llc Scientific Expertise And Mgt Svcs | 12/30/22 | $1,599,940 |
Applied Science & Technology Research Or Scientific Expertise And Mgt Svcs | 12/30/22 | $1,103,879 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,516,814 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,680 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,539,494 |
| Total Program Service Revenue | $1,857,427 |
| Investment income | $607 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$107,737 |
| 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 | $33,289,791 |
| 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. | $2,056,874 |
| Compensation of current officers, directors, key employees. | $2,056,874 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,486,545 |
| Pension plan accruals and contributions | $207,885 |
| Other employee benefits | $660,282 |
| Payroll taxes | $333,816 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $211,908 |
| Fees for services: Accounting | $115,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,005,979 |
| Advertising and promotion | $190,378 |
| Office expenses | $999,121 |
| Information technology | $464,268 |
| Royalties | $0 |
| Occupancy | $1,024,334 |
| Travel | $430,869 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,484 |
| Interest | $9,677 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,089,422 |
| Insurance | $120,525 |
| All other expenses | $0 |
| Total functional expenses | $31,532,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,951,002 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,723,661 |
| 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 | $266,219 |
| Net Land, buildings, and equipment | $27,743,298 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,115,026 |
| Total assets | $55,799,206 |
| Accounts payable and accrued expenses | $9,091,334 |
| Grants payable | $0 |
| Deferred revenue | $3,764,815 |
| 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 | $7,370,477 |
| Total liabilities | $20,226,626 |
| Net assets without donor restrictions | $35,550,980 |
| Net assets with donor restrictions | $21,600 |
| 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 | $55,799,206 |