Quad City Manufacturing Laboratory
- Assets
- $132.8k
- Revenue
- $107.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Rock Island, IL
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 20-5398665
Organization Overview
Quad City Manufacturing Laboratory is located in Rock Island, IL. The organization was established in 2007. According to its NTEE Classification (S05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quad City Manufacturing Laboratory is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Quad City Manufacturing Laboratory generated $107.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $80.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING LEADERSHIP AND EDUCATION THROUGH RESEARCH, DEVELOPMENT AND TECHNOLOGY TRANSFER IN ADVANCED MATERIALS AND MANUFACTURING PROCESSES WITHIN INDUSTRY AND ACADEMIC INSTITUTIONS, ALONG WITH ASSISTING GOVERNMENTAL AGENCIES SUCH AS THE JOINT MANUFACTURING TECHNOLOGY CENTER TO MEET CURRENT AND FUTURE TECHNOLOGY REQUIREMENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND DEVELOPMENT OF ADVANCED MATERIALS AND MANUFACTURING PROCESSES TO MEET CURRENT AND FUTURE REQUIREMENTS OF THE ARMY AND SISTER SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Nelson President | OfficerTrustee | 1 | $0 |
William Pratt Vice President | OfficerTrustee | 0.5 | $0 |
Jerry Rudolph Treasurer | OfficerTrustee | 1 | $0 |
Eric Faierson Executive Director | OfficerTrustee | 0.5 | $0 |
Bruce Wood Board Member | Trustee | 0.5 | $0 |
Mohamad El-Zein Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $117,670 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,670 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$10,682 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $106,988 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $311 |
| Fees for services: Accounting | $8,450 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,806 |
| Advertising and promotion | $0 |
| Office expenses | $6,617 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,143 |
| All other expenses | $0 |
| Total functional expenses | $80,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,338 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,433 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $64,383 |
| Prepaid expenses and deferred charges | $1,351 |
| Net Land, buildings, and equipment | $8,306 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $132,811 |
| Accounts payable and accrued expenses | $5,670 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,670 |
| Net assets without donor restrictions | $127,141 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $132,811 |
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Chicago Blend Group Chicago, IL | $33,894 | $126,227 |
Black Researchers Collective Chicago, IL | $184,644 | $286,245 |
Quad City Manufacturing Laboratory Rock Island, IL | $132,811 | $106,988 |
Whiteman Area Leadership Council Warrensburg, MO | $52,868 | $0 |
Legatus Milwaukee, WI | $60,631 | $0 |