Imec Usa Nanoelectronics Design Center
- Assets
- $7.8m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 30
- Location
- Kissimmee, FL
- Founding
- 07/2018
- Data as of
- 12/2021
- EIN
- 30-0941966
Organization Overview
Imec Usa Nanoelectronics Design Center is located in Kissimmee, FL. The organization was established in 2018. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 12/2021, Imec USA Nanoelectronics Design Center employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imec USA Nanoelectronics Design Center 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, Imec USA Nanoelectronics Design Center generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 62.9% each year . All expenses for the organization totaled $5.4m during the year ending 12/2021. While expenses have increased by 62.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
CONDUCT RESEARCH IN IMAGING SYSTEMS (CONTINUED ON SCHEDULE O).THAT WILL BENEFIT MANY APPLICATIONS SUCH AS MEDICAL RESEARCH, INSPECTION, MACHINE VISION, ETC BY OFFERING INTERGRATION, SPEED AND LOW-POWER CONSUMPTION, SUITED FOR HIGH-VOLUME CONSUMER APPLICATIONS AND HIGH-END SCIENTIFIC APPLICATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMEC USA NANOELECTRONICS DESIGN CENTER, INC. ("IMEC") IS A FLORIDA NOT-FOR-PROFIT CORPORATION. THE CORPORATION IS TRANSITIONING FROM SPECIALTY IMAGING SYSTEM R&D TO SUPERCONDUCTING DIGITAL ELECTRONICS R&D. SUPERCONDUCTING WILL BENEFIT FUTURE COMPUTE INFRASTRUCTURE, NOTABLY FOR CLOUD COMPUTING. THE SUPERCONDUCTING ACTIVITIES ARE CARRIED OUT BY A GROWING TEAM OF RESEARCHERS UNDER OVERSIGHT OF A PROGRAM DIRECTOR WHO REPORTS TO THE GENERAL MANAGER. THE SUPERCONDUCTING ACTIVITIES STARTED IN THE SUMMER OF 2020. IN 2021 WE EXPECT TO SEE FIRST OF A KIND WIRES AND VIAS. FOR 2023, WE EXPECT THE FIRST LOGIC GATES AND SOON THEREAFTER IN 2024 WE SHOULD SEE FIRST BASIC PROTOTYPE LOGIC BUILDING BLOCKS SUCH AS ADDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bert Gyselinckx Vice President | Officer | 40 | $331,011 |
Aritra Banerjee R&d Engineer | 40 | $176,418 | |
Orges Furxhi R&d Manager | 40 | $170,203 | |
Veerle Reumers R&d Manager | 40 | $169,433 | |
Leimeng Zhuang R&d Team Leader | 40 | $154,534 | |
Emily Gallagher Principal Member Of Technical Staff | 40 | $148,539 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,331,673 |
| All other contributions, gifts, grants, and similar amounts not included above | $939,236 |
| Noncash contributions included in lines 1a–1f | $799,236 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,270,909 |
| Total Program Service Revenue | $1,125,652 |
| Investment income | $4 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,398,938 |
| 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. | $541,049 |
| Compensation of current officers, directors, key employees. | $210,901 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,076,870 |
| Pension plan accruals and contributions | $82,055 |
| Other employee benefits | $519,388 |
| Payroll taxes | $198,202 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,211 |
| Fees for services: Accounting | $39,430 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,681 |
| Office expenses | $58,293 |
| Information technology | $163,900 |
| Royalties | $0 |
| Occupancy | $353,242 |
| Travel | $8,337 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,996 |
| Interest | $8,847 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,100,075 |
| Insurance | $27,681 |
| All other expenses | $31,402 |
| Total functional expenses | $5,398,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $377,338 |
| Savings and temporary cash investments | $5,343,286 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $279,662 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $81,464 |
| Net Land, buildings, and equipment | $1,545,430 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $165,111 |
| Total assets | $7,792,291 |
| Accounts payable and accrued expenses | $1,209,835 |
| Grants payable | $0 |
| Deferred revenue | $6,582,456 |
| 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 | $7,792,291 |
| Net assets without donor restrictions | $0 |
| 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 | $7,792,291 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Research Alliance Inc Atlanta, GA | $8,906,485 | $14,658,873 |
Center For Transportation And The Enviroment Inc Atlanta, GA | $3,772,677 | $13,099,404 |
Imec Usa Nanoelectronics Design Center Kissimmee, FL | $7,792,291 | $5,398,938 |
Inwater Group Research Inc Jensen Beach, FL | $197,337 | $1,026,199 |
Plantrician Project Boynton Beach, FL | $376,668 | $807,186 |
Hack Augusta Augusta, GA | $47,185 | $725,558 |
Southeast Innovation Institute Dacula, GA | $115,352 | $348,493 |
Gap Group Inc Americus, GA | $537,059 | $502,207 |
Clinical Research Pathways Inc Atlanta, GA | $1 | $605 |
International Neural Network Society Gainesville, FL | $1,806,205 | $587,158 |
Lake Erie Center For Medical Research Inc Seminole, FL | $82,634 | $0 |
Georgia Youth Science & Technology Center Inc Rome, GA | $109,707 | $0 |