Imec Inc
- Assets
- $1.5m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 77-0540932
Organization Overview
Imec Inc is located in San Francisco, CA. The organization was established in 2015. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imec Inc 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 Inc generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 19.0% per year over the past 7 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE INDUSTRIALLY RELEVANT SCIENTIFIC RESEARCH BY STREAMLINING COMMUNICATION BETWEEN COMPANIES WHICH WISH TO USE IMEC INTERNATIONAL'S RESEARCH AS A BASIS FOR THEIR NEXT GENERATION PRODUCT DEVELOPMENT. IMEC'S STAFF WORKS HAND IN HAND WITH ITS PARTNER COMPANIES AND UNIVERSITIES IN DEFINING THE CHALLENGES OF THE FUTURE FOR EACH COMPANY AND ESTABLISHING THE BRIDGE BETWEEN IMEC'S SCIENTIFIC RESEARCH HEADQUARTERS AND THE SCIENTIFIC COMMUNITY IN THE US. IMEC MAKES THE NEXT GENERATION OF THE TECHNOLOGY MORE ACCESSIBLE AND AFFORDABLE FOR DEVELOPERS OF THE TECHNOLOGY WHILE CREATING A WORKING ENVIRONMENT BETWEEN UNIVERSITIES AND INDUSTRY.IMEC WORKS WITH ALL US COMPANIES THAT DEPLOY DISRUPTIVE TECHNOLOGIES IN ALL DOMAINS SUCH AS MOBILITY, HEALTH, INDUSTRY 4.0 AND COMMUNICATION AND OTHERS WITH PROVIDING THEM THE TECHNOLOGY BREAKTHROUGH THAT ENABLES SUCH DISRUPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Masoud Mirgoli General Manager | 70 | $713,663 | |
Eric O Mejdrich R&d Manager | 60 | $300,000 | |
Raffaela Borzi-Spellman Head Of Partnerships | 60 | $292,000 | |
Duc Nguyen Partnership Manager | 60 | $206,000 | |
Tomoya Aizawa Partnership Manager | 60 | $200,000 | |
Jerremy Y Lo Partnership Manager | 60 | $192,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,897,734 |
| Total Revenue | $4,897,734 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $713,663 |
| Other employee salaries and wages | $2,602,140 |
| Pension plans, employee benefits | $830,424 |
| Interest | $0 |
| Taxes | $182,622 |
| Depreciation | $0 |
| Occupancy | $79,268 |
| Travel, conferences, and meetings | $112,812 |
| Printing and publications | $0 |
| Other expenses | $135,371 |
| Total operating and administrative expenses | $4,679,566 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,679,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $904,272 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $508,925 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $58,533 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $22,789 |
| Total assets | $1,494,519 |
| Accounts payable and accrued expenses | $927,472 |
| Grants payable | $0 |
| Deferred revenue | $12,256 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $939,728 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wadhwani Institute For Artificial Intelligence Foundation Los Altos, CA | $3,256,790 | $7,610,704 |
Imec Inc San Francisco, CA | $1,494,519 | $4,897,734 |
Scintillon Institute San Diego, CA | $1,260,479 | $3,205,276 |
Kestrel Institute Palo Alto, CA | $2,764,272 | $3,386,483 |
Open Research Lab Inc Oakland, CA | $10,022,134 | $10,163,260 |
Sierra Institute For Community And Taylorsville, CA | $4,935,635 | $3,987,418 |
Phoenix Bioinformatics Corporation Newark, CA | $2,438,726 | $1,432,149 |
Scientific Analysis Corp Alameda, CA | $2,082,230 | $1,446,716 |
Biocom Institute San Diego, CA | $371,676 | $1,938,912 |
Group Conscience San Diego, CA | $762,518 | $582,951 |
Project Invent San Francisco, CA | $570,134 | $1,005,665 |
California Biotechnology Foundation Sacramento, CA | $67,850 | $860,600 |