Form 990 for tax year 2024
Filed by COMMONWEALTH CENTER FOR ADVANCED MANUFACTURING.
Totals
- Total revenue
- $23,287,216
- Total expenses
- $11,458,664
- Contributions and grants received
- $7,819,339
- Grants paid
- $0
- Program service revenue
- $599,667
- Investment income
- -$807,705
- Other revenue
- $15,675,915
- Total assets, end of year
- $13,722,562
- Total liabilities, end of year
- $3,183,698
- Net assets or fund balances, end of year
- $10,538,864
- Program services expenses (Part IX)
- $5,741,925
- Management and general expenses
- $5,716,739
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,741,925
Program services were 50.1% 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)
$2,970,012
-
1f · All other contributions, gifts and grants
$4,849,327
-
1g · Noncash contributions included above
$837,630
-
2a · Program service revenue: MEMBER FEE REVENUE
total $599,667 · related or exempt $599,667
-
3 · Investment income
total $82,905 · excluded $82,905
-
7b · Less cost or other basis and sales expenses
other assets $890,610
-
7c · Gain or loss
other assets -$890,610
-
7d · Net gain or loss
total -$890,610 · excluded -$890,610
-
11a · Other revenue: CANCELLATION OF DEBT
total $11,359,330 · related or exempt $11,359,330
-
11b · Other revenue: CCAM RC LABOR REIMBURSEMENT
total $4,189,119 · related or exempt $4,189,119
-
11c · Other revenue: MISCELLANEOUS INCOME
total $127,466 · related or exempt $127,466
-
11e · Other revenue, total
$15,675,915
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $340,398 · program services $119,952 · management and general $220,446
-
7 · Other salaries and wages
total $3,888,514 · program services $2,301,336 · management and general $1,587,178
-
8 · Pension plan contributions
total $423,259 · program services $242,339 · management and general $180,920
-
9 · Other employee benefits
total $1,126,952 · program services $645,243 · management and general $481,709
-
10 · Payroll taxes
total $351,901 · program services $201,483 · management and general $150,418
-
11b · Fees: legal
total $96,062 · management and general $96,062
-
11c · Fees: accounting
total $57,400 · management and general $57,400
-
11d · Fees: lobbying
total $235,100 · management and general $235,100
-
11g · Fees: other
total $851,226 · program services $453,061 · management and general $398,165
-
12 · Advertising and promotion
total $104,911 · management and general $104,911
-
13 · Office expenses
total $457,552 · program services $202,235 · management and general $255,317
-
14 · Information technology
total $314,002 · program services $87,546 · management and general $226,456
-
16 · Occupancy
total $951,998 · management and general $951,998
-
17 · Travel
total $77,898 · program services $30,928 · management and general $46,970
-
20 · Interest
total $12 · management and general $12
-
22 · Depreciation, depletion and amortization
total $488,738 · management and general $488,738
-
23 · Insurance
total $79,434 · management and general $79,434
-
24a · Other expenses: EQUIPMENT EXPENSE
total $1,515,993 · program services $1,457,802 · management and general $58,191
-
24b · Other expenses: REPAIRS & MAINTENANCE
total $53,987 · management and general $53,987
-
24c · Other expenses: PROPERTY TAX
total $24,161 · management and general $24,161
-
24d · Other expenses: CREDIT LOSS
total $19,166 · management and general $19,166
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,024,178 · end of year $6,374,951
-
4 · Accounts receivable
beginning of year $369,565 · end of year $3,233,275
-
9 · Prepaid expenses and deferred charges
beginning of year $105,597 · end of year $126,796
-
10a · Land, buildings and equipment: cost or other basis
$9,649,331
-
10b · Land, buildings and equipment: accumulated depreciation
$8,267,297
-
10c · Land, buildings and equipment, net
beginning of year $1,700,463 · end of year $1,382,034
-
12 · Investments: other securities
beginning of year $50,000 · end of year $50,000
-
15 · Other assets
beginning of year $1,773,898 · end of year $2,555,506
-
17 · Accounts payable and accrued expenses
beginning of year $10,557,501 · end of year $163,470
-
19 · Deferred revenue
beginning of year $2,350,923 · end of year $2,629,892
-
25 · Other liabilities
beginning of year $326,622 · end of year $390,336
-
27 · Net assets without donor restrictions
beginning of year -$4,211,345 · end of year $10,538,864
Mission and programs · 2024
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 $5,741,925 · Revenue $4,788,786
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Bill DonohueBILL DONOHUE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kevin RiversKEVIN RIVERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Pete MyersPETE MYERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jeffrey FergusJEFFREY FERGUS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Michael ClayMICHAEL CLAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer WestJENNIFER WEST
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Azim EskandarianAZIM ESKANDARIAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Benjamin HouckBENJAMIN HOUCK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Gary PickrellGARY PICKRELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Robert ProctorROBERT PROCTOR
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Dawit HaileDAWIT HAILE
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Joseph BeneventoJOSEPH BENEVENTO
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
John M Milton-BenoitJOHN M MILTON-BENOIT
CEO
- Total calculated
- $408,605
- From this org
- $365,203
- From related orgs
- $0
- Other
- $43,402
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $332,128
- Bonus
- $33,075
- Other
- $0
- Deferred
- $19,928
- Nontaxable benefits
- $23,474
- Filer's total
- $408,605
-
Timothy WardTIMOTHY WARD
DIRECTOR OF OPERATIONS
- Total calculated
- $213,504
- From this org
- $190,030
- From related orgs
- $0
- Other
- $23,474
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $190,030
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $23,474
- Filer's total
- $213,504
-
Matthew P StremlerMATTHEW P STREMLER
DIRECTOR OF RESEARCH
- Total calculated
- $213,696
- From this org
- $186,486
- From related orgs
- $0
- Other
- $27,210
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $186,486
- Bonus
- $0
- Other
- $0
- Deferred
- $3,736
- Nontaxable benefits
- $23,474
- Filer's total
- $213,696
-
Jim PittelkoJIM PITTELKO
SYSTEMS GROUP LEAD, SR.
- Total calculated
- $214,086
- From this org
- $163,695
- From related orgs
- $0
- Other
- $50,391
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $163,695
- Bonus
- $0
- Other
- $0
- Deferred
- $29,433
- Nontaxable benefits
- $20,958
- Filer's total
- $214,086
-
Derek HassDEREK HASS
PRINCIPAL SCIENTIST
- Total calculated
- $184,054
- From this org
- $160,580
- From related orgs
- $0
- Other
- $23,474
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $160,580
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $23,474
- Filer's total
- $184,054
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 $1,330,250 · share of assets $2,780,486 · controlled entity
Directly controlled by CCAM
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 2 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202610349349300901
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