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Nonprofiteer
← COLLABORATIVE COMPOSITE SOLUTIONS CORPORATION

Form 990 for tax year 2022

Filed by COLLABORATIVE COMPOSITE SOLUTIONS CORPORATION.

Totals

Total revenue
$9,572,761
Total expenses
$9,835,716
Contributions and grants received
$8,524,157
Grants paid
$0
Program service revenue
$1,034,877
Investment income
$13,727
Other revenue
$0
Total assets, end of year
$4,072,050
Total liabilities, end of year
$3,462,402
Net assets or fund balances, end of year
$609,648
Program services expenses (Part IX)
$8,552,423
Management and general expenses
$1,283,293
Fundraising expenses
$0
Program service expenses (Part III)
$8,552,423

Program services were 87.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $8,524,157

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $619,834 · related or exempt $619,834

  • 2b · Program service revenue: PROJECT REVENUE

    total $415,043 · related or exempt $415,043

  • 3 · Investment income

    total $13,727 · related or exempt $13,727

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $603,578 · program services $603,578

  • 7 · Other salaries and wages

    total $2,013,296 · program services $1,685,706 · management and general $327,590

  • 9 · Other employee benefits

    total $786,495 · program services $653,318 · management and general $133,177

  • 11a · Fees: management

    total $202,380 · program services $75,565 · management and general $126,815

  • 11b · Fees: legal

    total $221,688 · program services $88,328 · management and general $133,360

  • 11c · Fees: accounting

    total $26,150 · management and general $26,150

  • 12 · Advertising and promotion

    total $245 · management and general $245

  • 13 · Office expenses

    total $1,878 · management and general $1,878

  • 14 · Information technology

    total $80,044 · management and general $80,044

  • 16 · Occupancy

    total $38,327 · management and general $38,327

  • 17 · Travel

    total $370,249 · program services $331,560 · management and general $38,689

  • 19 · Conferences, conventions and meetings

    total $205,614 · program services $205,539 · management and general $75

  • 22 · Depreciation, depletion and amortization

    total $31,201 · management and general $31,201

  • 23 · Insurance

    total $17,734 · management and general $17,734

  • 24a · Other expenses: EQUIPMENT

    total $2,107,816 · program services $2,107,816

  • 24b · Other expenses: SUBCON/SUBAWARDEE EXP

    total $823,095 · program services $823,095

  • 24c · Other expenses: PROJECT CONSULTING

    total $731,492 · program services $692,032 · management and general $39,460

  • 24d · Other expenses: SUBCON/SUBAWARDEE INDIREC

    total $726,101 · program services $726,101

  • 24e · All other expenses

    total $848,333 · program services $559,785 · management and general $288,548

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,258,764 · end of year $1,210,748

  • 3 · Pledges and grants receivable

    end of year $2,018,030

  • 4 · Accounts receivable

    beginning of year $2,155,088 · end of year $47,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $76,564 · end of year $86,500

  • 10a · Land, buildings and equipment: cost or other basis

    $814,077

  • 10b · Land, buildings and equipment: accumulated depreciation

    $418,814

  • 10c · Land, buildings and equipment, net

    beginning of year $426,464 · end of year $395,263

  • 14 · Intangible assets

    end of year $235,784

  • 15 · Other assets

    beginning of year $52,426 · end of year $78,225

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,564,957 · end of year $1,926,833

  • 19 · Deferred revenue

    beginning of year $1,074,958 · end of year $912,967

  • 25 · Other liabilities

    beginning of year $1,449,312 · end of year $622,602

  • 27 · Net assets without donor restrictions

    beginning of year $880,079 · end of year $609,648

Mission and programs · 2022

Mission

THE MISSION OF CCS CORP IS TO SUPPORT HIGH-RISK, HIGH VALUE RESEARCH, DEVELOPMENT, DEMONSTRATION, AND DEPLOYMENT OF INNOVATIVE, NEXT GENERATION MANUFACTURING AND RECYCLING PROCESSES AND PRODUCTIVE TECHNOLOGIES RELATED TO ADVANCED COMPOSITE MATERIALS AND STRUCTURES, AND SUBSEQUENT APPLICATION TO CLEAN ENERGY AND INDUSTRIAL APPLICATIONS, THAT CAN IMPROVE U.S. COMPETITIVENESS, SAVE ENERGY AND IMPROVE LIFE-CYCLE ENERGY CONSUMPTION OF MANUFACTURED PRODUCTS AS WELL AS REDUCE EMISSIONS AND INDUSTRIAL WASTE, AND ENSURE GLOBAL LEADERSHIP IN ADVANCED MANUFACTURING AND CLEAN ENERGY TECHNOLOGIES.

  • THE INSTITUTE WILL SUPPORT U.S. PROSPERITY AND SECURITY; TO FURTHER THE MISSION OF R&D IN ENERGY EFFICIENT AND RENEWABLE TECHNOLOGIES; AND CONTRIBUTE TO THE CREATION OF A NATIONAL NETWORK FOR MANUFACTURING INNOVATION. THE OVERALL OBJECTIVES OF THE INSTITUTE OVER A TEN YEAR TIME FRAME ARE TO: 1) DOUBLE THE ENERGY PRODUCTIVITY OF FIBER REINFORCED POLYMER COMPOSITE MANUFACTURING; 2) REDUCE LIFE CYCLE ENERGY USE AND ASSOCIATED GREENHOUSE GAS EMISSIONS FOR TARGETED APPLICATION AREAS; 3) INCREASE DOMESTIC PRODUCTION CAPACITY; 4) INCREASE JOBS FOR AMERICAN WORKERS AND 5) SUPPORT REGIONAL ECONOMIC DEVELOPMENT.

    Expenses $8,552,423 · Revenue $1,034,877

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dale Brosius

    CHIEF COMMER

    Total calculated
    $243,195
    From this org
    $209,353
    From related orgs
    $0
    Other
    $33,842
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,353
    Bonus
    not reported
    Other
    not reported
    Deferred
    $33,842
    Nontaxable benefits
    not reported
    Filer's total
    $243,195

  • Erin Brophy

    COO

    Total calculated
    $186,199
    From this org
    $159,618
    From related orgs
    $0
    Other
    $26,581
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,618
    Bonus
    not reported
    Other
    not reported
    Deferred
    $26,581
    Nontaxable benefits
    not reported
    Filer's total
    $186,199

  • Heather Castleberry

    CFO

    Total calculated
    $174,184
    From this org
    $155,849
    From related orgs
    $0
    Other
    $18,335
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,849
    Bonus
    not reported
    Other
    not reported
    Deferred
    $18,335
    Nontaxable benefits
    not reported
    Filer's total
    $174,184

  • Tom Drye

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mahalaxmi Krishnamurthy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Matthew Mench

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chad Duty

    CEO

    Total calculated
    $0
    Hours/week
    40

  • Uday Vaidya

    CTO

    Total calculated
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHEROKEE FARM PROPERTIES INC

    C CORP · RENT · TN

  • TENNERA INC

    C CORP · BIOFUELS · TN

  • C3 INNOVATE INC

    RESEARCH · TN

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202441349349304169

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