Overview
What is Commonwealth Center For Advanced Manufacturing?
The Commonwealth Center for Advanced Manufacturing (CCAM) is a nonprofit organization situated in Disputanta, Virginia. Its primary mission is to conduct transformative scientific research in the public interest, focusing on the development of advanced manufacturing technologies. The center aims to bridge the gap between laboratory research and the practical application of these technologies in the manufacturing sector. To fulfill this mission, CCAM carries out scientific research with the goal of obtaining valuable information, which is then promptly disseminated to the public. With a workforce of 44 employees, CCAM contributes to the advancement of manufacturing technologies, ultimately benefiting society as a whole.
Official website here: www.ccam-va.com
What are the reviews and ratings of this charity?
**Commonwealth Center For Advanced Manufacturing**
**Charity Navigator Rating: 57% (One-Star out of Four Stars)**
The Commonwealth Center For Advanced Manufacturing received a One-Star rating from Charity Navigator, primarily due to significant concerns regarding its accountability and financial practices. Notably, while the organization excels in having a fully independent board and robust audit oversight, it has critical missing components, such as a whistleblower policy and document retention practices. Additionally, a high liabilities-to-assets ratio indicates potential financial instability.
Strengths of the organization include 100% independent board members, a solid financial oversight structure, and transparency in financial reporting. The organization has successfully documented board meeting minutes and has a clear conflict of interest policy, reflecting a commitment to governance. However, deficiencies in key policies and financial ratios raise red flags regarding its operational and fiscal health.
Unfortunately, there were no user reviews found on GreatNonprofits, which limits the insight into public sentiment about the organization. These challenges, coupled with an overall low rating, suggest potential beneficiaries and supporters should exercise caution and conduct further research before engaging with the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Commonwealth Center For Advanced Manufacturing legitimate?
Commonwealth Center For Advanced Manufacturing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commonwealth Center For Advanced Manufacturing 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: $336,466
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,296,001
For more financial information, click here
Official website here: www.ccam-va.com
What is the mission statement of Commonwealth Center For Advanced Manufacturing?
The Commonwealth Center for Advanced Manufacturing (CCAM) was established with a mission to conduct transformational scientific research in the field of manufacturing technologies. Its primary objective is to bridge the gap between laboratory research and the development of manufacturing technologies with industrial applications. CCAM carries out its scientific research in the public interest, aiming to benefit the public, and timely publishes its findings to make the information available to the general public. The center's research is directed towards obtaining scientific information, which it then shares to contribute to advancements in manufacturing technologies.
Official website here: www.ccam-va.com
Who is the CEO of Commonwealth Center For Advanced Manufacturing?
Rob R Mclallen Iii is the Board Member of Commonwealth Center For Advanced Manufacturing.
Official website here: www.ccam-va.com
What is the revenue of Commonwealth Center For Advanced Manufacturing?
Commonwealth Center For Advanced Manufacturing's revenue in 2022 was $7,545,943.
Official website here: www.ccam-va.com
Who are the executives of Commonwealth Center For Advanced Manufacturing and what are their salaries?
The average compensation at Commonwealth Center For Advanced Manufacturing during 2022 was $59,829. There are 44 employees at Commonwealth Center For Advanced Manufacturing.
Here are 17 key members and their salaries:
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- Compensation: $160,854
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- Compensation: $118,300
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- Other: $31,878
- Compensation: $143,886
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- Other: $22,997
Official website here: www.ccam-va.com
Where can I find the form 990 for Commonwealth Center For Advanced Manufacturing?
Commonwealth Center For Advanced Manufacturing's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ccam-va.com
Learn more at the official website: www.ccam-va.com
Mission Statement of Commonwealth Center For Advanced Manufacturing
The Commonwealth Center for Advanced Manufacturing, or CCAM, was established with a mission to conduct transformative scientific research in the realm of manufacturing technologies. Its primary objective is to bridge the gap between laboratory research and the practical application of manufacturing technologies within an industrial context. By engaging in this research, CCAM aims to obtain valuable scientific information and subsequently make it publicly available, benefiting the general public. The center's work is driven by a commitment to carrying out scientific research in the public interest, contributing to the betterment of society through its discoveries.
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Impact
October, 2024
The Commonwealth Center for Advanced Manufacturing (CCAM) significantly impacts the manufacturing sector by conducting transformative scientific research focused on the development of advanced manufacturing technologies. By bridging the gap between laboratory research and practical industrial applications, CCAM enhances innovation in manufacturing.
CCAM engages in scientific research that serves the public interest, ensuring that its findings are made accessible to a broader audience. This commitment to timely publication of research empowers manufacturers and stakeholders to adopt new technologies and practices that can improve efficiency, sustainability, and competitiveness in the industry.
Located in Disputanta, Virginia, CCAM actively collaborates with various partners, fostering a research environment that drives the advancement of manufacturing processes. Its mission not only contributes to the scientific community but also aligns with the growth and modernization of the manufacturing landscape, ultimately benefiting the economy and society as a whole.
This information is meant to be a general summary of Commonwealth Center For Advanced Manufacturing. 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 2022.
- Investment Income: $12,209
- Program Service Revenue: $601,167
- Gross Receipts: $7,545,943
Assets and Liabilities:
- Total Assets: $5,952,149
- Total Liabilities: $14,534,003
- Net Assets: -$8,581,854
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER FEE REVENUE
Revenue
$601,167
Organization Details
Founding Year
2010
Phone
(804) 772-3700Principal Officer
Rob R Mclallen Iii
Main Address
5520 W QUAKER ROAD, DISPUTANTA, VA, 23842
Website
www.ccam-va.comNTEE Category
Code: U40 - Science research
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