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← COMMONWEALTH CENTER FOR ADVANCED MANUFACTURING

Form 990 for tax year 2023

Filed by COMMONWEALTH CENTER FOR ADVANCED MANUFACTURING.

Totals

Total revenue
$10,744,775
Total expenses
$11,124,472
Contributions and grants received
$6,441,155
Grants paid
$0
Program service revenue
$702,000
Investment income
-$1,065
Other revenue
$3,602,685
Total assets, end of year
$9,023,701
Total liabilities, end of year
$13,235,046
Net assets or fund balances, end of year
-$4,211,345
Program services expenses (Part IX)
$4,587,277
Management and general expenses
$6,537,195
Fundraising expenses
$0
Program service expenses (Part III)
$4,587,277

Program services were 41.2% 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)

    $2,716,492

  • 1f · All other contributions, gifts and grants

    $3,724,663

  • 2a · Program service revenue: MEMBER FEE REVENUE

    total $702,000 · related or exempt $702,000

  • 3 · Investment income

    total $1,109 · excluded $1,109

  • 7b · Less cost or other basis and sales expenses

    other assets $2,174

  • 7c · Gain or loss

    other assets -$2,174

  • 7d · Net gain or loss

    total -$2,174 · excluded -$2,174

  • 11a · Other revenue: CCAM RC LABOR REIMBURSEMENT

    total $3,602,685 · related or exempt $3,602,685

  • 11e · Other revenue, total

    $3,602,685

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $382,875 · program services $119,148 · management and general $263,727

  • 7 · Other salaries and wages

    total $3,509,745 · program services $2,028,969 · management and general $1,480,776

  • 8 · Pension plan contributions

    total $398,885 · program services $220,122 · management and general $178,763

  • 9 · Other employee benefits

    total $1,052,850 · program services $581,008 · management and general $471,842

  • 10 · Payroll taxes

    total $315,638 · program services $174,183 · management and general $141,455

  • 11b · Fees: legal

    total $140,983 · management and general $140,983

  • 11c · Fees: accounting

    total $62,000 · management and general $62,000

  • 11d · Fees: lobbying

    total $140,315 · management and general $140,315

  • 11g · Fees: other

    total $1,198,737 · program services $656,468 · management and general $542,269

  • 12 · Advertising and promotion

    total $116,286 · management and general $116,286

  • 13 · Office expenses

    total $250,856 · program services $106,617 · management and general $144,239

  • 14 · Information technology

    total $312,349 · program services $19,668 · management and general $292,681

  • 16 · Occupancy

    total $1,631,996 · management and general $1,631,996

  • 17 · Travel

    total $79,805 · program services $22,294 · management and general $57,511

  • 22 · Depreciation, depletion and amortization

    total $419,063 · management and general $419,063

  • 23 · Insurance

    total $73,636 · management and general $73,636

  • 24a · Other expenses: EQUIPMENT EXPENSE

    total $761,401 · program services $658,800 · management and general $102,601

  • 24b · Other expenses: CREDIT LOSS

    total $202,158 · management and general $202,158

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $50,653 · management and general $50,653

  • 24d · Other expenses: PROPERTY TAX

    total $24,241 · management and general $24,241

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,165,561 · end of year $5,024,178

  • 4 · Accounts receivable

    beginning of year $771,559 · end of year $369,565

  • 9 · Prepaid expenses and deferred charges

    beginning of year $140,287 · end of year $105,597

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

    $12,568,634

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

    $10,868,171

  • 10c · Land, buildings and equipment, net

    beginning of year $1,842,453 · end of year $1,700,463

  • 12 · Investments: other securities

    beginning of year $50,000 · end of year $50,000

  • 15 · Other assets

    beginning of year $954,858 · end of year $1,773,898

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,834,153 · end of year $10,557,501

  • 19 · Deferred revenue

    beginning of year $1,589,000 · end of year $2,350,923

  • 25 · Other liabilities

    beginning of year $281,816 · end of year $326,622

  • 27 · Net assets without donor restrictions

    beginning of year -$3,780,251 · end of year -$4,211,345

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

CCAM WAS CREATED FOR THE PURPOSE OF CONDUCTING TRANSFORMATIONAL SCIENTIFIC RESEARCH WITH RESPECT TO THE DEVELOPMENT OF MANUFACTURING TECHNOLOGIES. CCAM SEEKS TO BRIDGE THE GAP BETWEEN LABORATORY RESEARCH AND THE DEVELOPMENT OF MANUFACTURING TECHNOLOGIES WITH INDUSTRIAL APPLICATIONS.

Activities or mission (Part I)

CCAM WAS CREATED FOR THE PURPOSE OF CONDUCTING TRANSFORMATIONAL SCIENTIFIC RESEARCH WITH RESPECT TO THE DEVELOPMENT OF MANUFACTURING TECHNOLOGIES.

  • CCAM WILL CARRY OUT SCIENTIFIC RESEARCH IN THE PUBLIC INTEREST THAT IS DIRECTED TOWARD BENEFITING THE PUBLIC. IT WILL CARRY OUT ITS SCIENTIFIC RESEARCH FOR THE PURPOSE OF OBTAINING SCIENTIFIC INFORMATION AND IT WILL TIMELY PUBLISH ITS SCIENTIFIC INFORMATION TO MAKE THE INFORMATION AVAILABLE TO THE GENERAL PUBLIC.

    Expenses $4,587,277 · Revenue $4,304,685

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bill Donohue

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lisa M Ziehmann

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ken Fridley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Robert Proctor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kirk Gutmann

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jennifer West

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Azim Eskandarian

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Gary Pickrell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Benjamin Houck

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dawit Haile

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Joseph Benevento

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • John M Milton-Benoit

    PRESIDENT/EXEC. DIRECTOR

    Total calculated
    $421,183
    From this org
    $381,375
    From related orgs
    $0
    Other
    $39,808
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $381,375
    Bonus
    $0
    Other
    $0
    Deferred
    $31,354
    Nontaxable benefits
    $8,454
    Filer's total
    $421,183

  • Timothy Ward

    DIRECTOR OF OPERATIONS

    Total calculated
    $206,780
    From this org
    $180,138
    From related orgs
    $0
    Other
    $26,642
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,138
    Bonus
    $0
    Other
    $0
    Deferred
    $18,188
    Nontaxable benefits
    $8,454
    Filer's total
    $206,780

  • Matthew P Stremler

    DIRECTOR OF RESEARCH

    Total calculated
    $203,072
    From this org
    $176,601
    From related orgs
    $0
    Other
    $26,471
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,601
    Bonus
    $0
    Other
    $0
    Deferred
    $18,017
    Nontaxable benefits
    $8,454
    Filer's total
    $203,072

  • Benjamin J Zimmerman

    RESEARCH MANAGER

    Total calculated
    $172,299
    From this org
    $150,720
    From related orgs
    $0
    Other
    $21,579
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,720
    Bonus
    $0
    Other
    $0
    Deferred
    $15,597
    Nontaxable benefits
    $5,982
    Filer's total
    $172,299

  • Arun Madangarli

    PRINCIPAL SCIENTIST - ENDED 1-2024

    Total calculated
    $171,764
    From this org
    $155,745
    From related orgs
    $0
    Other
    $16,019
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,745
    Bonus
    $0
    Other
    $0
    Deferred
    $10,037
    Nontaxable benefits
    $5,982
    Filer's total
    $171,764

  • Derek Hass

    PRINCIPAL SCIENTIST

    Total calculated
    $174,299
    From this org
    $150,485
    From related orgs
    $0
    Other
    $23,814
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,485
    Bonus
    $0
    Other
    $0
    Deferred
    $15,360
    Nontaxable benefits
    $8,454
    Filer's total
    $174,299

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 · Compensation committee
  • 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.

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.

  • CCAM RESEARCH CORPORATION

    C · RESEARCH · VA · 100% owned · share of income -$239,270 · share of assets $1,752,869 · controlled entity

    Directly controlled by CCAM

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202541339349305339

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