Advanced Regenerative Manufacturing Institute Inc
- Assets
- $22.6m
- Revenue
- $26.6m
- Investments
- $0.0
- Employees
- 44
- Location
- Manchester, NH
- Founding
- 11/2018
- Data as of
- 12/2021
- EIN
- 81-3327581
Organization Overview
Advanced Regenerative Manufacturing Institute Inc is located in Manchester, NH. The organization was established in 2018. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Advanced Regenerative Manufacturing Institute Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advanced Regenerative Manufacturing Institute Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Advanced Regenerative Manufacturing Institute Inc generated $26.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 61.0% each year . All expenses for the organization totaled $21.6m during the year ending 12/2021. While expenses have increased by 58.1% per year over the past 5 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.
Since 2018, Advanced Regenerative Manufacturing Institute Inc has awarded 103 individual grants totaling $26,073,096. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ARMI'S MISSION IS TO SUPPORT, DEVELOP, ADVANCE AND PROMOTE THE UNITED STATES BIOECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARMI'S PRIMARY ACCOMPLISHMENTS HAVE BEEN THE START UP AND MANAGEMENT OF TWO PARTIALLY-U.S GOVERNMENT FUNDED INSTITUTES:1) BIOFABUSA - A PARTIALLY DOD-FUNDED MANUFACTURING USA INSTITUTE, FOCUSED ON THE MANUFACTURING OF ENGINEERED TISSUES AND TISSUE-RELATED TECHNOLOGIES AND SUPPORT FOR RELATED FEDERAL GOVERNMENT ACTIVITIES.2) THE FOUNDRY FOR AMERICAN BIOTECHNOLOGY (NEXTFAB) - A PARTIALLY HHS (ASPR NEXT)-FUNDED INSTITUTE FOCUSED ON ADVANCING BIOTECHNOLOGY (SUCH AS, BY WAY OF EXAMPLE, DISTRIBUTED MANUFACTURING TECHNOLOGIES AND BIO SECURITY AND PREPAREDNESS). NEXTFAB WAS ESTABLISHED IN FEBRUARY 2020.BIOFABUSA ACCOMPLISHES ITS MISSION THROUGH KEY ACTIVITIES, SUCH AS THE FOLLOWING: - IT WILL FUND TECHNICAL PROJECTS THAT ADDRESS MANY OF THE COMMON MANUFACTURING CHALLENGES FACED BY COMPANIES IN THE FIELD OF TISSUE ENGINEERING. THIS WILL ALLOW TISSUE ENGINEERING COMPANIES TO FOCUS THEIR TIME AND RESOURCES ON TISSUE- OR APPLICATION-SPECIFIC CHALLENGES, MOVING THE ENTIRE INDUSTRY FORWARD MORE QUICKLY AND EFFICIENTLY. - IT WILL ALSO FUND EDUCATIONAL/WORKFORCE DEVELOPMENT (EWD) PROJECTS THAT ADDRESS THE INDUSTRY NEED FOR TRAINED EMPLOYEES WITH A BROAD BASE OF BIOMANUFACTURING SKILLS AND SPECIFIC EXPERTISE IN TISSUE ENGINEERING. THIS PRESSING NEED CONSTRAINS THE GROWTH OF TISSUE ENGINEERING ORGANIZATIONS. - IN COORDINATION WITH ORGANIZATIONS IN THE FIELD OF REGENERATIVE MANUFACTURING, IT WILL DEVELOP ROADMAPS OF BOTH TECHNICAL AND EWD NEEDS FOR THE FIELD. THESE ROADMAPS WILL HELP GUIDE THE WORK OF ORGANIZATIONS IN THE FIELD OF REGENERATIVE MANUFACTURING, AND THEY WILL HELP GUIDE THE SELECTION OF TECHNICAL AND EWD PROJECTS. - IT WILL HOST, SPONSOR, AND PARTICIPATE IN CONFERENCES AND WORKSHOPS THAT CONVENE ORGANIZATIONS THAT SUPPORT REGENERATIVE MANUFACTURING. THESE EVENTS WILL ALLOW FOR SHARED LEARNINGS RELATED TO TECHNICAL, REGULATORY, WORKFORCE, AND FINANCIAL CHALLENGES AND SOLUTIONS. - IT WILL SHARE INFORMATION ABOUT BEST PRACTICES AND INNOVATIONS IN THE FIELD VIA VARIOUS ONLINE RESOURCES.NEXTFAB ACCOMPLISHES ITS 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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Mcfarland Chief Regulatory Officer | 40 | $197,196 | |
Thomas Deyak Controller | 40 | $139,104 | |
Paul Mailhot Chief Membership Officer | 40 | $129,204 | |
Damian Hile Sr Process Development Scientist | 40 | $128,858 | |
Michael Pisani Director Of Technology Operations | 40 | $121,916 | |
Dean Kamen Executive Director | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nexight Group Llc Consultant | 12/30/21 | $368,901 |
Stefany Shaheen Consultant | 12/30/21 | $120,000 |
John S Jordan Design Pllc Consultant | 12/30/21 | $177,435 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,373,712 |
| All other contributions, gifts, grants, and similar amounts not included above | $943,732 |
| Noncash contributions included in lines 1a–1f | $55,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,317,444 |
| Total Program Service Revenue | $1,235,171 |
| Investment income | $8,405 |
| 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 | $26,561,020 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,072,055 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,019,637 |
| 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 | $2,988,876 |
| Pension plan accruals and contributions | $69,283 |
| Other employee benefits | $248,999 |
| Payroll taxes | $233,005 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,821 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $563,657 |
| Advertising and promotion | $0 |
| Office expenses | $194,374 |
| Information technology | $274,093 |
| Royalties | $0 |
| Occupancy | $891,846 |
| Travel | $51,750 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $214,707 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,180,084 |
| Insurance | $38,358 |
| All other expenses | $1,467,002 |
| Total functional expenses | $21,552,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $362,019 |
| Savings and temporary cash investments | $8,079,318 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,481,342 |
| 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 | $352,893 |
| Net Land, buildings, and equipment | $9,272,970 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $89,012 |
| Other assets | $0 |
| Total assets | $22,637,554 |
| Accounts payable and accrued expenses | $7,014,812 |
| Grants payable | $0 |
| Deferred revenue | $1,019,429 |
| 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 | $8,034,241 |
| Net assets without donor restrictions | $14,603,313 |
| 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 | $22,637,554 |
Grants Awarded
Over the last fiscal year, Advanced Regenerative Manufacturing Institute Inc has awarded $11,381,006 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
DEKA INTEGRATED SOLUTIONS CORP PURPOSE: See Part IV | $2,937,751 |
Chicago, IL PURPOSE: BioFabUSA CARES Act Funded Program (DoD-Directed) | $1,077,538 |
TRAILHEAD BIOSYSTEMS INC PURPOSE: See Part IV | $930,214 |
Notre Dame, IN PURPOSE: Subaward pursuant to our Technology Investment Agreement with the Government | $867,700 |
Saint Louis, MO PURPOSE: Subaward pursuant to our grant with a private foundation | $810,223 |
ARIZONA STATE UNIVERSITY PURPOSE: Subaward pursuant to our Technology Investment Agreement with the Government | $482,253 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Advanced Regenerative Manufacturing Institute Inc has recieved totaling $1,439,704.
| Awarding Organization | Amount |
|---|---|
Jdrf International New York, NY PURPOSE: BETA CELL | $719,852 |
Jdrf International New York, NY PURPOSE: BETA CELL | $719,852 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Association Of Privacy Professionals Portsmouth, NH | $95,531,598 | $42,238,853 |
Advanced Regenerative Manufacturing Institute Inc Manchester, NH | $22,637,554 | $26,561,020 |
Telecom Infra Project Inc Wakefield, MA | $19,363,144 | $19,879,167 |
Northeast Gas Association Inc Needham, MA | $15,830,312 | $17,592,560 |
Global Seafood Alliance Inc Portsmouth, NH | $16,114,958 | $17,110,603 |
Chartered Alternative Investment Analyst Association Inc Amherst, MA | $10,766,695 | $9,878,929 |
Downtown Boston Business Improvement District Corporation Boston, MA | $4,039,139 | $7,235,337 |
Greater Boston Chamber Of Commerce Boston, MA | $11,076,057 | $7,257,999 |
Brattleboro Development Credit Corporation Brattleboro, VT | $32,397,294 | $6,662,012 |
Better Business Bureau Inc Marlborough, MA | $5,408,175 | $6,008,226 |
Two Ten Footwear Foundation Inc Waltham, MA | $38,171,628 | $5,812,562 |
Lean Enterprise Institute Inc Boston, MA | $4,353,748 | $5,746,296 |