Advanced Technology International
- Assets
- $1.5b
- Revenue
- $5.1b
- Investments
- $27.9m
- Employees
- 345
- Location
- Summerville, SC
- Founding
- 10/1998
- Data as of
- 09/2022
- EIN
- 57-1067151
Organization Overview
Advanced Technology International is located in Summerville, SC. The organization was established in 1998. 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 09/2022, Advanced Technology International employed 345 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advanced Technology International 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 09/2022, Advanced Technology International generated $5.1b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 42.8% each year . All expenses for the organization totaled $5.1b during the year ending 09/2022. While expenses have increased by 42.8% per year over the past 7 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.
Since 2022, Advanced Technology International has awarded 47 individual grants totaling $622,753. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO LESSEN THE BURDEN OF GOVERNMENT BY FACILITATING COLLABORATION AMONG GOVERNMENT AGENCIES, ACADEMIA, AND INDUSTRY IN ORDER TO IDENTIFY TECHNOLOGY SOLUTIONS WHICH CONTRIBUTE TO OPERATIONAL AND COST EFFICIENCIES. MANAGING DIVERSE R&D CONSORTIA TO ADDRESS IMPORTANT TECHNOLOGY NEEDS. APPROXIMATELY 99% OF ATI'S EXPENSES FOR THE YEAR ENDED SEPTEMBER 30, 2022 WERE PROGRAM RELATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Van Metre President And CEO | OfficerTrustee | 40 | $711,903 |
Steve Hopkins Director | Trustee | 1 | $0 |
Julia A Martin CFO And Treasurer | Officer | 40 | $434,426 |
Mitchell K Sauls Chief Management Officer | Officer | 40 | $343,109 |
Mica L Dolan Chief Operating Officer | Officer | 40 | $315,257 |
Gerardina M Pelto Sr. Vice President | Officer | 40 | $308,882 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pfizer Inc Subcontractor | 9/29/22 | $2,002,500,000 |
Janssen Pharmaceuticals Subcontractor | 9/29/22 | $459,980,689 |
Novavax Inc Subcontractor | 9/29/22 | $817,483,778 |
Regeneron Pharmaceuticals Subcontractor | 9/29/22 | $156,383,142 |
Lockheed Martin Subcontractor | 9/29/22 | $273,368,843 |
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 | $5,129,017,828 |
| Investment income | $27,020 |
| 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 | $5,129,053,709 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $739,736 |
| Grants and other assistance to domestic individuals. | $45,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,550,251 |
| Compensation of current officers, directors, key employees. | $3,269,554 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,819,187 |
| Pension plan accruals and contributions | $1,855,906 |
| Other employee benefits | $3,238,499 |
| Payroll taxes | $2,235,250 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $221,284 |
| Fees for services: Accounting | $133,695 |
| Fees for services: Lobbying | $555,389 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,676,696 |
| Advertising and promotion | $21,619 |
| Office expenses | $580,144 |
| Information technology | $5,163,756 |
| Royalties | $0 |
| Occupancy | $2,104,826 |
| Travel | $323,515 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $534,167 |
| Interest | $73,400 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,190,659 |
| Insurance | $751,475 |
| All other expenses | $1,451,767 |
| Total functional expenses | $5,105,924,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $732,588,671 |
| Savings and temporary cash investments | $621,601,181 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,259,199 |
| 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 | $583,700 |
| Net Land, buildings, and equipment | $6,421,303 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $27,939,421 |
| Investments—program-related | $0 |
| Intangible assets | $6,526,021 |
| Other assets | $0 |
| Total assets | $1,475,919,496 |
| Accounts payable and accrued expenses | $598,437,424 |
| Grants payable | $0 |
| Deferred revenue | $785,221,905 |
| 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 | $5,424,209 |
| Total liabilities | $1,389,083,538 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $86,835,958 |
| 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 | $1,475,919,496 |
Grants Awarded
Over the last fiscal year, Advanced Technology International has awarded $622,753 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
MATREGENIX INC PURPOSE: Challenge Winner | $25,000 |
SAFEBEAT RX INC PURPOSE: Challenge Winner | $25,000 |
SANA HEALTH INC PURPOSE: Challenge Winner | $25,000 |
SENSE DIAGNOSTICS INC PURPOSE: Challenge Winner | $25,000 |
SONOGEN MEDICAL INC PURPOSE: Challenge Winner | $25,000 |
DARWIN BIOSCIENCES INC PURPOSE: Challenge Winner | $25,000 |