Overview
What is Picatinny Technology Innovation Center?
The Picatinny Technology Innovation Center, located at 214 Center Grove Road, Randolph, New Jersey, serves as a bridge between the U.S. Army's Armament Research, Development and Engineering Center and the County College of Morris. Its primary mission is to facilitate the transfer of advanced technology developed by the Armament Research, Development and Engineering Center to private sector organizations, thereby promoting technological growth and innovation. This is accomplished through the operation of a technology center, which acts as a hub for this crucial exchange. The Center employs a dedicated team of three individuals to carry out this important work.
Is Picatinny Technology Innovation Center legitimate?
Picatinny Technology Innovation Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Picatinny Technology Innovation Center submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $65,605
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,210
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What is the mission statement of Picatinny Technology Innovation Center?
The Picatinny Technology Innovation Center serves a specific purpose, aiming to assist the U.S. Army's Armament Research, Development and Engineering Center, as well as the County College of Morris. Its objective is to facilitate the transfer of technology developed by the Armament Research Center to private sector organizations. This is achieved through the establishment and utilization of a technology center. The center's activities are geared towards bridging the gap between military research and development and the private sector, ultimately promoting technological advancements and innovation.
What is the revenue of Picatinny Technology Innovation Center?
Picatinny Technology Innovation Center's revenue in 2020 was $8,960.
Who are the executives of Picatinny Technology Innovation Center and what are their salaries?
The average compensation at Picatinny Technology Innovation Center during 2020 was $25,605. There are 3 employees and 10 volunteers at Picatinny Technology Innovation Center.
Here are 12 key members and their salaries:
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- Compensation: $87,384
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- Other: $6,706
Where can I find the form 990 for Picatinny Technology Innovation Center?
Picatinny Technology Innovation Center's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Picatinny Technology Innovation Center
Picatinny Technology Innovation Center, a notable entity, is committed to assisting the U.S. Army's Armament Research, Development, and Engineering Center, as well as the County College of Morris. Its primary mission is to facilitate the transfer of technology developed by the Armament Research Center to private sector organizations. This is accomplished through the utilization of a technology center. By bridging the gap between military research and the private sector, Picatinny Technology Innovation Center plays a crucial role in fostering technological advancements and promoting innovation.
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Impact
October, 2024
The Picatinny Technology Innovation Center significantly impacts the transfer of cutting-edge military technology to the private sector, fostering collaboration between the U.S. Army's Armament Research, Development and Engineering Center (ARDEC) and the County College of Morris. By facilitating the adaptation and commercialization of ARDEC technologies, the center helps bridge the gap between military innovations and civilian applications. This not only enhances the technological capabilities of private organizations but also drives economic growth, supports workforce development, and promotes advancements in various industries. Through its initiatives, the center contributes to a more integrated technology ecosystem that benefits both defense and civilian sectors, ultimately strengthening national and regional innovation.
This information is meant to be a general summary of Picatinny Technology Innovation Center. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2020.
- Investment Income: $2,623
- Program Service Revenue: $6,337
- Gross Receipts: $8,960
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITIES USAGE
Revenue
$4,777
FEES
Revenue
$1,560
Organization Details
Founding Year
1996
Principal Officer
Dr Anthony Iacono
NTEE Category
Code: V00Z - Social research
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