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Nonprofiteer
← AMERICAN CENTER FOR OPTICS MANUFACTURING INC

Form 990 for tax year 2023

Filed by AMERICAN CENTER FOR OPTICS MANUFACTURING INC.

Totals

Total revenue
$2,878,824
Total expenses
$2,845,890
Contributions and grants received
$2,877,030
Grants paid
$163,970
Program service revenue
$0
Investment income
$1,794
Other revenue
$0
Total assets, end of year
$4,915,678
Total liabilities, end of year
$4,455,231
Net assets or fund balances, end of year
$460,447
Program services expenses (Part IX)
$2,113,054
Management and general expenses
$732,836
Fundraising expenses
$0
Program service expenses (Part III)
$2,113,054

Program services were 74.2% 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)

    $2,809,839

  • 1f · All other contributions, gifts and grants

    $67,191

  • 3 · Investment income

    total $1,794 · related or exempt $1,794

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $163,970 · program services $163,970

  • 5 · Compensation of officers, directors and key employees

    total $356,713 · program services $206,308 · management and general $150,405

  • 6 · Compensation of disqualified persons

    total $546,518 · program services $456,216 · management and general $90,302

  • 8 · Pension plan contributions

    total $69,740 · management and general $69,740

  • 9 · Other employee benefits

    total $27,868 · management and general $27,868

  • 10 · Payroll taxes

    total $71,118 · program services $42,672 · management and general $28,446

  • 11b · Fees: legal

    total $24,027 · management and general $24,027

  • 11c · Fees: accounting

    total $8,000 · management and general $8,000

  • 11g · Fees: other

    total $19,000 · management and general $19,000

  • 12 · Advertising and promotion

    total $334,736 · program services $334,573 · management and general $163

  • 13 · Office expenses

    total $3,285 · program services $112 · management and general $3,173

  • 16 · Occupancy

    total $19,275 · management and general $19,275

  • 17 · Travel

    total $104,053 · program services $101,281 · management and general $2,772

  • 20 · Interest

    total $125 · management and general $125

  • 22 · Depreciation, depletion and amortization

    total $460,512 · program services $460,512

  • 23 · Insurance

    total $3,109 · program services $18 · management and general $3,091

  • 24a · Other expenses: CONTRACTORS

    total $510,285 · program services $326,792 · management and general $183,493

  • 24b · Other expenses: PR & WRITING SERVICES

    total $50,700 · program services $20,000 · management and general $30,700

  • 24c · Other expenses: WEBSITE

    total $28,477 · management and general $28,477

  • 24d · Other expenses: IT/RECURRING SOFTWARE

    total $23,424 · management and general $23,424

  • 24e · All other expenses

    total $20,955 · program services $600 · management and general $20,355

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $791,122 · end of year $303,043

  • 2 · Savings and temporary cash investments

    beginning of year $104,909 · end of year $106,475

  • 4 · Accounts receivable

    beginning of year $362,060 · end of year $624,240

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

    $4,410,286

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

    $528,366

  • 10c · Land, buildings and equipment, net

    beginning of year $1,761,435 · end of year $3,881,920

  • 17 · Accounts payable and accrued expenses

    beginning of year $201,007 · end of year $723,046

  • 19 · Deferred revenue

    beginning of year $2,318,560 · end of year $3,671,802

  • 25 · Other liabilities

    beginning of year $72,446 · end of year $60,383

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $427,513 · end of year $460,447

Mission and programs · 2023

Mission

DESIGN AND EXECUTE WORKFORCE TRAINING PROGRAMS TO SUPPORT THE INCREASING COMPLEXITY AND GROWING MANUFACTURING REQUIREMENTS OF THE NATION'S OPTICS INDUSTRY. DEVELOP ADVANCED OPTIC MANFACTURING TECHNOLOGIES, TESTING EQUIPMENT, AND THE SPECIALIZED MATERIALS REQUIRED TO SUPPORT SCALABLE MANUFACTURING. SUCCESSFULLY TRANSITION MISSION-CRITICAL OPTICS TECHNOLOGIES FROM RESEARCH INTO SUSTAINABLE MANUFACTURING.

Activities or mission (Part I)

DESIGN AND EXECUTE WORKFORCE TRAINING PROGRAMS TO SUPPORT THE INCREASING COMPLEXITY AND GROWING.

  • DESIGN AND EXECUTE WORKFORCE TRAINING PROGRAMS TO SUPPORT THE INCREASING COMPLEXITY AND GROWING MANUFACTURING REQUIREMENTS OF THE NATION'S OPTICS INDUSTRY.

    Expenses $1,617,922

  • DEVELOP ADVANCED OPTIC MANFACTURING TECHNOLOGIES, TESTING EQUIPMENT, AND THE SPECIALIZED MATERIALS REQUIRED TO SUPPORT SCALABLE MANUFACTURING.

    Expenses $495,132 · Grants $163,970

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

Listed in Part VII

  • Kirkland J Warden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.33

  • Michael J Bechtold

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.6

  • Bob Bicksler

    DIRECTOR

    Total calculated
    $95,004
    From this org
    $95,004
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Len Chaloux

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Richardson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Cable

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jessica Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brigit Gilman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rick Plympton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff L Ruckman

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $206,308
    From this org
    $206,308
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,308
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $206,308

  • Thomas Battley

    VICE PRESIDENT

    Total calculated
    $90,405
    From this org
    $90,405
    From related orgs
    $0
    Other
    $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

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

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2024
IRS schema version
2023v5.0
Source object
202421369349300242

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