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Imec Usa Nanoelectronics Design Center Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 300941966 ✦ Kissimmee, FL ✦ Designated as a 501(c)(3)

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Overview

What is Imec Usa Nanoelectronics Design Center Inc?

Imec Usa Nanoelectronics Design Center Inc, a Florida-based nonprofit corporation, has transitioned its focus from specialty imaging system research and development to superconducting digital electronics research. Their aim is to enhance future compute infrastructure, particularly for cloud computing, using superconducting technology. The superconducting activities, overseen by a program director, started in the summer of 2020, with expectations of seeing first-of-kind wires and vias in 2021. By 2023, the organization anticipates the creation of the first logic gates, followed by basic prototype logic building blocks such as adders in 2024. Imec's research in the field of imagers, for wavelengths ranging from 1mm to 1 micrometer, has the potential to benefit various applications, including medical research, inspection, and machine vision, by offering integration, speed, and low-power consumption, suitable for both high-volume consumer applications and high-end scientific applications. The organization is led by a team of researchers and employs 21 individuals.


Official website here: www.imec-int.com/en/home

What are the reviews and ratings of this charity?

Charity Navigator Rating: 50% (One-Star out of Four Stars)

Imec USA Nanoelectronics Design Center Inc has received a One-Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The organization demonstrates some strengths, such as having a fully independent board and effective oversight through its audit and committee structures. However, these strengths are overshadowed by notable deficiencies in areas such as the absence of a whistleblower policy, a document retention policy, and the failure to post its tax forms on its website.

The financial health of the organization is questionable, as indicated by a liability-to-assets ratio of 100%, suggesting a lack of financial stability. Additionally, the program expense ratio is moderately low at 51.81%, which raises concerns about how effectively funds are being allocated to its core mission. Overall, while there are some positive governance practices in place, the organization must address its financial transparency and compliance issues to improve its overall rating and public trust.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Imec Usa Nanoelectronics Design Center Inc?

96% of the 20 reviewers on Facebook recommend Imec USA Nanoelectronics Design Center Inc. Here is a summary of their reviews:

Overall, the sentiment is overwhelmingly positive, with many users expressing satisfaction with the knowledge and learning opportunities provided. Reviewers appreciate the supportive environment and the insights they gain from their interactions with the organization.

Additionally, the positive contributions to the field of nanoelectronics design do not go unnoticed, as many users commend the organization's impact on advancing technology and fostering innovation.


This AI summary has been generated from reviews found on Facebook.

Is Imec Usa Nanoelectronics Design Center Inc legitimate?

Imec Usa Nanoelectronics Design Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Imec Usa Nanoelectronics Design Center Inc 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: $223,590
Professional Fundraising Fees: $0
Other Salaries and Wages: $918,376

For more financial information, click here


Official website here: www.imec-int.com/en/home

What is the mission statement of Imec Usa Nanoelectronics Design Center Inc?

Imec Usa Nanoelectronics Design Center Inc, as a research organization, is dedicated to advancing the field of imaging systems. Their primary focus is on conducting research in the realm of imagers, spanning wavelengths from 1 millimeter to 1 micrometer. This research aims to benefit various applications such as medical research, inspection, and machine vision. The goal is to offer integration, speed, and low-power consumption, making it suitable for high-volume consumer applications and high-end scientific applications.


Official website here: www.imec-int.com/en/home

Who is the CEO of Imec Usa Nanoelectronics Design Center Inc?

Tricia Hoffine is the Interim Vp & Gm of Imec Usa Nanoelectronics Design Center Inc.


Official website here: www.imec-int.com/en/home

What is the revenue of Imec Usa Nanoelectronics Design Center Inc?

Imec Usa Nanoelectronics Design Center Inc's revenue in 2022 was $3,454,360.


Official website here: www.imec-int.com/en/home

Who are the executives of Imec Usa Nanoelectronics Design Center Inc and what are their salaries?

The average compensation at Imec Usa Nanoelectronics Design Center Inc during 2022 was $54,379. There are 21 employees and 5 volunteers at Imec Usa Nanoelectronics Design Center Inc.


Here are 9 key members and their salaries:


Patricia Hoffine (Interim Vp & Gm)
  • Compensation: $197,087
  • Related: $0
  • Other: $26,504
Veerle Reumers (R&D Manager)
  • Compensation: $183,089
  • Related: $0
  • Other: $36,021
Emily Gallagher (Principal Member Of Techni)
  • Compensation: $170,757
  • Related: $0
  • Other: $33,681
Aritra Banerjee (R&D Engineer)
  • Compensation: $153,725
  • Related: $0
  • Other: $14,542
Luc Van Den Hove (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Filip Merckx (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ludo Deferm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rudi Cartuyvels (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Max Mirgoli (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.imec-int.com/en/home

Where can I find the form 990 for Imec Usa Nanoelectronics Design Center Inc?

Imec Usa Nanoelectronics Design Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.imec-int.com/en/home

Learn more at the official website: www.imec-int.com/en/home

Mission Statement of Imec Usa Nanoelectronics Design Center Inc

Imec Usa Nanoelectronics Design Center Inc, a Florida-based not-for-profit corporation, is dedicated to conducting research in the field of imagers. Their primary focus is on imaging systems that span wavelengths from 1 millimeter to 1 micrometer. This research aims to benefit a multitude of applications, including medical research, inspection, and machine vision, among others. The goal is to offer integration, speed, and low-power consumption, making these imaging systems suitable for high-volume consumer applications and high-end scientific applications.

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Impact




October, 2024

Imec USA Nanoelectronics Design Center Inc significantly impacts the fields of imaging systems and superconducting digital electronics. By conducting cutting-edge research in imaging technology, Imec develops systems that enhance medical research, inspection processes, and machine vision applications. Their innovations focus on integration, speed, and low power consumption, which are critical for both high-volume consumer applications and high-end scientific research.

Transitioning into superconducting digital electronics, Imec is poised to make substantial contributions to future compute infrastructure, particularly benefiting cloud computing. The ongoing research efforts since summer 2020 have led to expected breakthroughs in superconducting wires, vias, and basic logic building blocks by 2024. This transition not only fosters advancements in digital technology but also supports the broader tech ecosystem by providing frameworks for faster and more efficient computing solutions.

Overall, the center's work will likely lead to transformative applications across various sectors, enhancing both everyday technology and scientific capabilities.




This information is meant to be a general summary of Imec Usa Nanoelectronics Design Center Inc. 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.

Revenue
$3,454,360 (2022)
Expenses
$3,454,360 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $7,961
  • Program Service Revenue: $459,554
  • Gross Receipts: $3,454,360

Assets and Liabilities:

  • Total Assets: $7,173,938
  • Total Liabilities: $7,173,938
  • Net Assets: $0

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONTRACT R&D REVENUE

Revenue

$459,554

Organization Details

Founding Year

2016

Principal Officer

Tricia Hoffine

Main Address

194 NEOCITY WAY, KISSIMMEE, FL, 347444430

NTEE Category

Code: U99 - Science research

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