Advanced Regenerative Manufacturing Institute Inc
- Assets
- $28.6m
- Revenue
- $30.1m
- Investments
- $0.0
- Employees
- 64
- Location
- Manchester, NH
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 81-3327581
Organization Overview
Advanced Regenerative Manufacturing Institute Inc is located in Manchester, NH. The organization was established in 2018. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Advanced Regenerative Manufacturing Institute Inc employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advanced Regenerative Manufacturing Institute Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Advanced Regenerative Manufacturing Institute Inc generated $30.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 42.0% each year . All expenses for the organization totaled $27.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Advanced Regenerative Manufacturing Institute Inc has awarded 145 individual grants totaling $38,235,014. 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
ARMI'S MISSION IS TO SUPPORT, DEVELOP, ADVANCE AND PROMOTE THE UNITED STATES BIOECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARMI AND ITS BIOFABUSA INSTITUTE ACCOMPLISHES ITS MISSION THROUGH KEY ACTIVITIES, SUCH AS THE FOLLOWING: COLLABORATES WITH COMMUNITY, LOCAL, STATE, AND FEDERAL STAKEHOLDERS TO ADVANCE THE U.S BIOECONOMY AND FUEL INCLUSIVE ECONOMIC GROWTH, INCLUDING BY CREATING PATHWAYS AND ACCESS TO JOBS IN THE BIOFABRICATION INDUSTRY. PROVIDES WRAP-AROUND COMMERCIALIZATION SERVICES FOR TISSUE ENGINEERING AND ENABLING TECHNOLOGY COMPANIES. THESE EFFORTS DE-RISK AND ACCELERATE TRANSLATION OF IMPACTFUL TECHNOLOGIES TO MARKET. FUNDS TECHNICAL PROJECTS THAT ADDRESS MANY OF THE COMMON MANUFACTURING CHALLENGES FACED BY COMPANIES IN THE FIELD OF TISSUE ENGINEERING. THIS WILL ALLOW TISSUE ENGINEERING AND ENABLING TECHNOLOGY COMPANIES TO FOCUS THEIR TIME AND RESOURCES ON PRODUCT-SPECIFIC CHALLENGES, MOVING THE ENTIRE INDUSTRY FORWARD MORE QUICKLY AND EFFICIENTLY. FUNDS EDUCATION AND WORKFORCE DEVELOPMENT (EWD) PROJECTS THAT ADDRESS THE INDUSTRY NEED FOR TRAINED EMPLOYEES WITH A BROAD BASE OF BIOMANUFACTURING SKILLS AND SPECIFIC EXPERTISE. THIS PRESSING NEED CAN OTHERWISE CONSTRAIN THE GROWTH OF TISSUE ENGINEERING AND ENABLING TECHNOLOGY COMPANIES. IN COORDINATION WITH ORGANIZATIONS IN THE FIELD OF REGENERATIVE MANUFACTURING, DEVELOPS ROADMAPS OF TECHNICAL AND EWD NEEDS FOR THE FIELD. THESE ROADMAPS GUIDE THE WORK OF ORGANIZATIONS IN THE FIELD OF REGENERATIVE MANUFACTURING AND GUIDE THE SELECTION OF PROJECTS. HOSTS, SPONSORS, AND PARTICIPATES IN CONFERENCES AND WORKSHOPS THAT CONVENE ORGANIZATIONS THAT SUPPORT REGENERATIVE MANUFACTURING. THESE EVENTS ALLOW FOR SHARED LEARNING RELATED TO TECHNICAL, REGULATORY, WORKFORCE, AND FINANCIAL CHALLENGES AND SOLUTIONS. SHARES INFORMATION ABOUT BEST PRACTICES AND INNOVATIONS IN THE FIELD VIA VARIOUS FORA AND ONLINE RESOURCES.NEXTFAB ACCOMPLISHES IS MISSION THROUGH KEY ACTIVITIES, SUCH AS THE FOLLOWING: ESTABLISH FRAMEWORK FOR DEMAND-BASED ADVISORY PANELS TO CONDUCT EXPERT SEMINARS AND OTHER THOUGHT-LEADERSHIP EFFORTS. DEVELOP COMMERCIAL ADVISORY AND CONSULTING PROGRAMS DESIGNED TO ACCELERATE ADOPTION OF ADVANCED TECHNOLOGIES. PROVIDE SHARED FACILITIES TO ACCELERATE ADVANCED TECHNOLOGIES. PERFORMS PROJECTS OF INTEREST TO U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES.
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 |
|---|---|---|---|
Dean Kamen Executive Director | OfficerTrustee | 5 | $0 |
Martine Rothblatt Board Member | Trustee | 1 | $0 |
John Abele Board Member | Trustee | 1 | $0 |
Jim Weinstein Board Member | Trustee | 1 | $0 |
Blake Moret Board Member | Trustee | 1 | $0 |
Maureen Toohey Deputy Executive Director | Officer | 25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nexight Group Llc Consultant - Hhs Programs | 12/30/22 | $284,332 |
Stefany Shaheen Consultant | 12/30/22 | $142,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,207,838 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,332,086 |
| Noncash contributions included in lines 1a–1f | $183,408 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,539,924 |
| Total Program Service Revenue | $1,511,772 |
| Investment income | $9,695 |
| 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 | $30,061,391 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,167,782 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,972,869 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,364,797 |
| Pension plan accruals and contributions | $92,010 |
| Other employee benefits | $395,284 |
| Payroll taxes | $332,955 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,473,833 |
| Advertising and promotion | $42,529 |
| Office expenses | $290,724 |
| Information technology | $378,382 |
| Royalties | $0 |
| Occupancy | $1,092,552 |
| Travel | $171,791 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $773,924 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,772,751 |
| Insurance | $44,508 |
| All other expenses | $2,087,636 |
| Total functional expenses | $27,499,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $224,206 |
| Savings and temporary cash investments | $9,697,118 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,452,276 |
| 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 | $398,735 |
| Net Land, buildings, and equipment | $10,652,869 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $119,415 |
| Other assets | $3,105,042 |
| Total assets | $28,649,661 |
| Accounts payable and accrued expenses | $6,919,240 |
| Grants payable | $0 |
| Deferred revenue | $1,460,422 |
| 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 | $3,105,042 |
| Total liabilities | $11,484,704 |
| Net assets without donor restrictions | $17,164,957 |
| 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 | $28,649,661 |
Grants Awarded
Over the last fiscal year, Advanced Regenerative Manufacturing Institute Inc has awarded $12,161,918 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
ADVANCED SOLUTIONS INC PURPOSE: See Part IV | $663,432 |
ARIZONA STATE UNIVERSITY PURPOSE: Subaward pursuant to our Technology Investment Agreement with the Government | $215,188 |
APPLIED BIOSENSORS PURPOSE: Subaward pursuant to our Technology Investment Agreement with the Government | $176,723 |
ASYMMETREX PURPOSE: Subaward pursuant to our Technology Investment Agreement with the Government | $14,621 |
AXOGEN CORP PURPOSE: Subaward pursuant to our Technology Investment Agreement with the Government | $57,893 |
BLOOD CELL STORAGE INC PURPOSE: Subaward pursuant to our Technology Investment Agreement with the Government | $57,643 |