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Nonprofiteer
← ADVANCED MANUFACTURING INTERNATIONAL

Form 990 for tax year 2024

Filed by ADVANCED MANUFACTURING INTERNATIONAL.

Totals

Total revenue
$680,740
Total expenses
$337,558
Contributions and grants received
$593,818
Grants paid
$0
Program service revenue
$86,922
Investment income
$0
Other revenue
$0
Total assets, end of year
-$71,157
Total liabilities, end of year
$77,341
Net assets or fund balances, end of year
-$148,498
Program services expenses (Part IX)
$53,640
Management and general expenses
$283,918
Fundraising expenses
$0
Program service expenses (Part III)
$53,640

Program services were 15.9% 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.

  • 1d · Related organizations

    $593,818

  • 2a · Program service revenue: CONTRACT SERVICE REVENUE

    total $74,922 · related or exempt $74,922

  • 2b · Program service revenue: AFFILIATED RENTAL INCOME

    total $12,000 · related or exempt $12,000

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $73,560 · program services $3,506 · management and general $70,054

  • 11g · Fees: other

    total $55,200 · program services $13,073 · management and general $42,127 · fundraising $0

  • 13 · Office expenses

    total $5,659 · program services $795 · management and general $4,864

  • 16 · Occupancy

    total $2,523 · management and general $2,523

  • 17 · Travel

    total $33,840 · program services $33,840

  • 19 · Conferences, conventions and meetings

    total $2,426 · program services $2,426

  • 22 · Depreciation, depletion and amortization

    total $28,502 · management and general $28,502

  • 23 · Insurance

    total $6,137 · management and general $6,137

  • 24a · Other expenses: ADMIN FEES

    total $60,655 · management and general $60,655

  • 24b · Other expenses: FRINGE BENEFITS

    total $39,520 · management and general $39,520

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $19,010 · management and general $19,010

  • 24d · Other expenses: COMMUNICATION

    total $5,413 · management and general $5,413

  • 24e · All other expenses

    total $5,113 · program services $0 · management and general $5,113 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $823 · end of year $1,034

  • 4 · Accounts receivable

    beginning of year $955,741 · end of year -$346,200

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year -$3,928 · end of year -$288

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

    $313,596

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

    $39,299

  • 10c · Land, buildings and equipment, net

    beginning of year $161,324 · end of year $274,297

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,605,640 · end of year $77,341

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$491,680 · end of year -$148,498

Mission and programs · 2024

Mission

AMI WILL WORK TO SUPPORT SMM'S BY ADVANCING MANUFACTURING TECHNOLOGY LEARNING OPPORTUNITIES TO COMMUNITIES OF INTEREST. BY FOCUSING ON REGIONAL MANUFACTURING NETWORKS, AMI CAN TAILOR SOLUTIONS BASED ON THE DYNAMICS OF A SPECIFIC REGION. EXPECTED OUTCOMES FROM AMI EFFORTS ARE: - AN INCREASE IN THE KNOWLEDGE, SKILLS, AND ABILITIES OF THE REGIONAL WORKFORCE - INCREASED COOPERATION AND COORDINATION BETWEEN REGIONAL MANUFACTURERS AND TRAINING PROVIDERS - AN INCREASE IN THE UNDERSTANDING OF SMART MANUFACTURING TECHNOLOGIES BY THE SMM'S - A BROADER UNDERSTANDING OF INDUSTRY RECOGNIZED CREDENTIALS.

  • DEVELOP AND ALIGN STRATEGIES WHERE APPROPRIATE, FOSTER COLLABORATION, AND LEVERAGE RESOURCES ACROSS MANUFACTURING TRAINING INSTITUTIONS (E.G., COMMUNITY COLLEGES, TRADE & TECH SCHOOLS, K TO 16 LEARNING ENVIRONMENTS) LEADING TO A MORE ROBUST WORKFORCE. CURRENT AREAS OF NEED INCLUDE: SMART MANUFACTURING, CYBERSECURITY, ADVANCED MACHINING, DATA COLLECTION AND ANALYSIS.

    Expenses $53,640 · Revenue $86,922

  • ENGAGE SMM'S IN THE PROCESS OF DEFINING A COMPETENT WORKFORCE AND TRANSLATING THOSE NEEDS TO THE TRAINING INSTITUTIONS.

  • ALIGN STRATEGIES, FOSTER COLLABORATION, AND LEVERAGE RESOURCES BETWEEN SMM'S AND THE LEARNING COMMUNITIES TO PROVIDE FOR "BEST FIT" LEARNING PRACTICES. IN ADDITION, LEVERAGE OTHER INVESTMENTS (DOD) IN A STRATEGIC PARTNERSHIP WITH EXTERNAL STAKEHOLDERS TO FOSTER A ROBUST SMM MANUFACTURING BASE.

As filed on the 2024 return.

Listed in Part VII

  • Dean L Bartles PhD Fsme Fas

    CHAIR

    Total calculated
    $1,156,006
    From this org
    $0
    From related orgs
    $1,128,739
    Other
    $27,267
    Hours/week
    3 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $932,021 related
    Bonus
    $0 + $93,081 related
    Other
    $0 + $103,637 related
    Deferred
    $0 + $24,450 related
    Nontaxable benefits
    $0 + $2,817 related
    Filer's total
    $0 + $1,156,006 related

  • Gene D Berkebile

    SECRETARY/TREASURER

    Total calculated
    $558,195
    From this org
    $0
    From related orgs
    $494,520
    Other
    $63,675
    Hours/week
    3 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $420,399 related
    Bonus
    $0 + $42,747 related
    Other
    $0 + $31,374 related
    Deferred
    $0 + $24,450 related
    Nontaxable benefits
    $0 + $39,225 related
    Filer's total
    $0 + $558,195 related

  • George Barnych

    DIRECTOR

    Total calculated
    $500,733
    From this org
    $0
    From related orgs
    $417,710
    Other
    $83,023
    Hours/week
    3 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $379,471 related
    Bonus
    $0 + $38,239 related
    Other
    $0
    Deferred
    $0 + $24,450 related
    Nontaxable benefits
    $0 + $58,573 related
    Filer's total
    $0 + $500,733 related

  • Thomas Kurfess PhD PE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Joe Veranese

    PRESIDENT & CEO

    Total calculated
    $499,020
    From this org
    $0
    From related orgs
    $433,320
    Other
    $65,700
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $360,955 related
    Bonus
    $0 + $37,615 related
    Other
    $0 + $34,750 related
    Deferred
    $0 + $24,450 related
    Nontaxable benefits
    $0 + $41,250 related
    Filer's total
    $0 + $499,020 related

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

None.

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

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION
THE COMPENSATION OF THE PRESIDENT & CEO OF THE FILING ORGANIZATION IS ESTABLISHED BY A RELATED PARTY, MTDG. MTDG LEVERAGES VARIOUS METHODS INCLUDING: - COMPENSATION COMMITEE - INDEPENDENT COMPENSATION CONSULTANT - REVIEW OF FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEYOR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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.

  • ARTIFICIAL INTELLIGENCE FOR MANUFACTURING INC

    C CORPORATION · CONSULTING · ME · 100% owned · share of income $75,135 · share of assets $0 · controlled entity

    Directly controlled by ADVANCED MANUFACTURING INTERNATIONAL INC

Provenance

Return type
form_990
Tax year
2024
Filed
18 August 2026
IRS schema version
2024v5.1
Source object
202632309349302338

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