Imec Usa Nanoelectronics Design Center
- Assets
- $7.2m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 21
- Location
- Kissimmee, FL
- Founding
- 07/2018
- Data as of
- 12/2022
- 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 12/2022, Imec USA Nanoelectronics Design Center employed 21 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 12/2022, Imec USA Nanoelectronics Design Center generated $3.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. While expenses have increased by 8.0% 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
2022
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 |
|---|---|---|---|
Patricia Hoffine Interim VP & Gm | Officer | 40 | $197,087 |
Veerle Reumers R&d Manager | 40 | $183,089 | |
Emily Gallagher Principal Member Of Techni | 40 | $170,757 | |
Aritra Banerjee R&d Engineer | 40 | $153,725 | |
Luc Van Den Hove President | OfficerTrustee | 2 | $0 |
Filip Merckx Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Osceola County Lease Payments For Office Space | 12/30/22 | $297,526 |
Space Tango Llc Half Locker On Suborbital Flight | 12/30/22 | $245,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,986,845 |
| 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 | $2,986,845 |
| Total Program Service Revenue | $459,554 |
| Investment income | $7,961 |
| 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 | $3,454,360 |
| 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. | $223,590 |
| Compensation of current officers, directors, key employees. | $62,627 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $918,376 |
| Pension plan accruals and contributions | $56,772 |
| Other employee benefits | $311,879 |
| Payroll taxes | $142,509 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,492 |
| Fees for services: Accounting | $53,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,627 |
| Office expenses | $30,075 |
| Information technology | $105,121 |
| Royalties | $0 |
| Occupancy | $332,518 |
| Travel | $39,779 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,059 |
| Interest | $9,307 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $527,478 |
| Insurance | $34,228 |
| All other expenses | $43,981 |
| Total functional expenses | $3,454,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $773,568 |
| Savings and temporary cash investments | $5,345,591 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $127,883 |
| 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 | $67,035 |
| Net Land, buildings, and equipment | $824,995 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,866 |
| Total assets | $7,173,938 |
| Accounts payable and accrued expenses | $606,407 |
| Grants payable | $0 |
| Deferred revenue | $6,567,531 |
| 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 | $7,173,938 |
| 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 | $7,173,938 |