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← ADVANCED REGENERATIVE MANUFACTURING INSTITUTE INC

Form 990 for tax year 2022

Filed by ADVANCED REGENERATIVE MANUFACTURING INSTITUTE INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 17 December 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$30,061,391
Total expenses
$27,499,747
Contributions and grants received
$28,539,924
Grants paid
$14,140,651
Program service revenue
$1,511,772
Investment income
$9,695
Other revenue
$0
Total assets, end of year
$28,649,661
Total liabilities, end of year
$11,484,704
Net assets or fund balances, end of year
$17,164,957
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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)

    $27,207,838

  • 1f · All other contributions, gifts and grants

    $1,332,086

  • 1g · Noncash contributions included above

    $183,408

  • 2a · Program service revenue: Membership Dues

    total $1,098,702 · related or exempt $1,098,702

  • 2b · Program service revenue: Other Program Revenue

    total $221,167 · related or exempt $221,167

  • 2c · Program service revenue: Management Fee Revenue

    total $191,903 · related or exempt $191,903

  • 3 · Investment income

    total $9,695 · excluded $9,695

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,167,782

  • 3 · Grants to foreign organizations and individuals

    total $1,972,869

  • 7 · Other salaries and wages

    total $4,364,797

  • 8 · Pension plan contributions

    total $92,010

  • 9 · Other employee benefits

    total $395,284

  • 10 · Payroll taxes

    total $332,955

  • 11c · Fees: accounting

    total $45,420

  • 11g · Fees: other

    total $1,473,833

  • 12 · Advertising and promotion

    total $42,529

  • 13 · Office expenses

    total $290,724

  • 14 · Information technology

    total $378,382

  • 16 · Occupancy

    total $1,092,552

  • 17 · Travel

    total $171,791

  • 19 · Conferences, conventions and meetings

    total $773,924

  • 22 · Depreciation, depletion and amortization

    total $1,772,751

  • 23 · Insurance

    total $44,508

  • 24a · Other expenses: Lab Materials & Supplie

    total $2,087,636

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $362,019 · end of year $224,206

  • 2 · Savings and temporary cash investments

    beginning of year $8,079,318 · end of year $9,697,118

  • 4 · Accounts receivable

    beginning of year $4,481,342 · end of year $4,452,276

  • 9 · Prepaid expenses and deferred charges

    beginning of year $352,893 · end of year $398,735

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

    $14,233,980

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

    $3,581,111

  • 10c · Land, buildings and equipment, net

    beginning of year $9,272,970 · end of year $10,652,869

  • 14 · Intangible assets

    beginning of year $89,012 · end of year $119,415

  • 15 · Other assets

    beginning of year $0 · end of year $3,105,042

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,014,812 · end of year $6,919,240

  • 19 · Deferred revenue

    beginning of year $1,019,429 · end of year $1,460,422

  • 25 · Other liabilities

    beginning of year $0 · end of year $3,105,042

  • 27 · Net assets without donor restrictions

    beginning of year $14,603,313 · end of year $17,164,957

Mission and programs · 2022

Mission

ARMI's mission is to support, develop, advance and promote the United States bioeconomy.

  • ARMI and its BioFabUSA Institute accomplishes its mission through key activities, such as the following: Collaborates with community, local, State, and Federal stakeholders to advance the U.S bioeconomy and fuel inclusive economic growth, including by creating pathways and access to jobs in the biofabrication industry. Provides wrap-around commercialization services for tissue engineering and enabling technology companies. These efforts de-risk and accelerate translation of impactful technologies to market. Funds technical projects that address many of the common manufacturing challenges faced by companies in the field of tissue engineering. This will allow tissue engineering and enabling technology companies to focus their time and resources on product-specific challenges, moving the entire industry forward more quickly and efficiently. Funds education and workforce development (EWD) projects that address the industry need for trained employees with a broad base of biomanufacturing skills and specific expertise. This pressing need can otherwise constrain the growth of tissue engineering and enabling technology companies. In coordination with organizations in the field of regenerative manufacturing, develops roadmaps of technical and EWD needs for the field. These roadmaps guide the work of organizations in the field of regenerative manufacturing and guide the selection of projects. Hosts, sponsors, and participates in conferences and workshops that convene organizations that support regenerative manufacturing. These events allow for shared learning related to technical, regulatory, workforce, and financial challenges and solutions. Shares information about best practices and innovations in the field via various fora and online resources.NextFab accomplishes is mission through key activities, such as the following: Establish framework for demand-based Advisory Panels to conduct expert seminars and other thought-leadership efforts. Develop commercial advisory and consulting programs designed to accelerate adoption of advanced technologies. Provide shared facilities to accelerate advanced technologies. Performs projects of interest to U.S. Department of Health and Human Services.

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

Listed in Part VII

  • Dean Kamen

    Executive Director

    Total calculated
    $0
    Hours/week
    5
  • Martine Rothblatt

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • John Abele

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Jim Weinstein

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Blake Moret

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Maureen Toohey

    Deputy Executive Director

    Total calculated
    $0
    Hours/week
    25
  • James Scott

    Chief Operating Officer

    Total calculated
    $0
    Hours/week
    15
  • Brendan Duffy

    Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Richard McFarland

    Chief Regulatory Officer

    Total calculated
    $221,552
    From this org
    $195,289
    From related orgs
    $0
    Other
    $26,263
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,289
    Bonus
    $0
    Other
    $0
    Deferred
    $8,002
    Nontaxable benefits
    $18,261
    Filer's total
    $221,552
  • Edward Gordon

    Chief Operating Officer - BioFab

    Total calculated
    $228,264
    From this org
    $192,727
    From related orgs
    $0
    Other
    $35,537
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,727
    Bonus
    $0
    Other
    $0
    Deferred
    $4,308
    Nontaxable benefits
    $31,229
    Filer's total
    $228,264
  • Julie Lenzer

    Chief Innovation Officer

    Total calculated
    $193,633
    From this org
    $178,100
    From related orgs
    $0
    Other
    $15,533
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,100
    Bonus
    $0
    Other
    $0
    Deferred
    $3,385
    Nontaxable benefits
    $12,148
    Filer's total
    $193,633
  • Jeremiah Wille

    Sr Regulatory Affairs Specialist

    Total calculated
    $160,594
    From this org
    $160,000
    From related orgs
    $0
    Other
    $594
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $594
    Filer's total
    $160,594
  • Kelly Morbey

    Director of Regulatory Affairs &QA

    Total calculated
    $166,960
    From this org
    $155,000
    From related orgs
    $0
    Other
    $11,960
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,000
    Bonus
    $0
    Other
    $0
    Deferred
    $6,400
    Nontaxable benefits
    $5,560
    Filer's total
    $166,960

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

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

  • DEKA Integrated Solutions Corp

    $4,163,867

    BiofabUSA CARES Act Funded Program (DOD-Directed)

  • MxD USA

    $872,244

    BioFabUSA CARES Act Funded Program (DoD-Directed)

  • Advanced Solutions Inc

    $663,432

    See Part IV

  • Pluristyx

    $643,723

    See Part IV

  • X-Therma

    $632,120

    Subaward pursuant to our Technology Investment Agreement with the Government

  • Subaward pursuant to our grant with a private foundation

  • Organamet Bio

    $489,766

    Subaward pursuant to our Technology Investment Agreement with the Government

  • Subaward pursuant to our Technology Investment Agreement with the Government

  • Subaward pursuant to our Technology Investment Agreement with the Government

  • NextFab Bilateral Health Tech Hub Program (HHS-Directed)

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • ARMI Bioindustries Corp

    C · Biotech Manufacturing and Development Services · NH · 100% owned · share of income $312,973 · share of assets $307,645 · controlled entity

    Directly controlled by Advanced Regenerative Manufacturing Institute Inc

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349327667

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