Overview
What is American Lightweight Materials Manufacturing Innovation Institute?
The American Lightweight Materials Manufacturing Innovation Institute, known as ALMMII or LIFT, is a Detroit, Michigan-based nonprofit organization dedicated to bridging the gap between advanced research and industry commercialization in lightweight materials manufacturing. With a mission to establish a modern metals manufacturing innovation institute, LIFT focuses on scientific research, education, development, and innovation of optimized, multi-material lightweight structures for transportation. Their work encompasses integrated computational materials engineering, agile and smarter manufacturing, advanced alloy and process development, and multi-material joining. Through these technology pillars, LIFT aims to advance the objectives of the US government in the areas of defense and commerce.
Official website here: www.lift.technology
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The American Lightweight Materials Manufacturing Innovation Institute has achieved an impressive Four-Star rating from Charity Navigator, signifying a strong emphasis on accountability and finance. The organization scored full marks in several key areas, indicating robust governance practices including a majority independent board and comprehensive financial oversight. The absence of material asset diversion further underscores its commitment to financial integrity.
Strengths of the organization include a high percentage of program expenses, with 74.73% of expenditures directed towards its mission-related activities. This demonstrates a solid focus on delivering value to stakeholders and fulfilling its core objectives. Additionally, effective policies such as conflict of interest and whistleblower protections are in place, enhancing transparency and promoting ethical conduct within the organization.
While the overall rating reflects strong performance, the organization should continue to monitor and maintain these high standards to ensure ongoing donor confidence and support. Its robust governance structure, combined with a clear mission focus, positions the American Lightweight Materials Manufacturing Innovation Institute favorably in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is American Lightweight Materials Manufacturing Innovation Institute legitimate?
American Lightweight Materials Manufacturing Innovation Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Lightweight Materials Manufacturing Innovation Institute 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: $2,056,874
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,486,545
For more financial information, click here
Official website here: www.lift.technology
What is the mission statement of American Lightweight Materials Manufacturing Innovation Institute?
The American Lightweight Materials Manufacturing Innovation Institute aims to establish a modern metals manufacturing innovation hub, dedicated to scientific research, education, development, and innovation. They focus on creating optimized, multi-material lightweight structures for transportation and testing these structures, along with the manufacturing processes involved. The ultimate goal is to advance objectives related to defense and commerce for the US government through these efforts.
Official website here: www.lift.technology
Who is the CEO of American Lightweight Materials Manufacturing Innovation Institute?
Nigel J Francis is the Board Chair of American Lightweight Materials Manufacturing Innovation Institute. The CEO's salary of American Lightweight Materials Manufacturing Innovation Institute is $487,658 and their total compensation is $535,434.
Official website here: www.lift.technology
What is the revenue of American Lightweight Materials Manufacturing Innovation Institute?
American Lightweight Materials Manufacturing Innovation Institute's revenue in 2022 was $33,289,791.
Official website here: www.lift.technology
Who are the executives of American Lightweight Materials Manufacturing Innovation Institute and what are their salaries?
The average compensation at American Lightweight Materials Manufacturing Innovation Institute during 2022 was $125,987. There are 44 employees and 9 volunteers at American Lightweight Materials Manufacturing Innovation Institute.
Here are 22 key members and their salaries (American Lightweight Materials Manufacturing Innovation Institute's CEO's salary is $487,658 and their total compensation is $535,434):
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- Compensation: $487,658
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- Other: $47,776
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- Compensation: $348,691
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- Other: $46,311
- Compensation: $298,544
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- Other: $46,350
- Compensation: $163,287
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- Other: $3,558
- Compensation: $259,029
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- Other: $44,513
- Compensation: $226,269
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- Compensation: $166,101
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- Other: $48,692
- Compensation: $191,506
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- Other: $17,471
- Compensation: $173,126
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- Other: $29,247
- Compensation: $164,137
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- Other: $33,664
- Compensation: $168,024
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- Other: $22,440
- Compensation: $142,828
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- Other: $34,274
Official website here: www.lift.technology
Where can I find the form 990 for American Lightweight Materials Manufacturing Innovation Institute?
American Lightweight Materials Manufacturing Innovation Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lift.technology
Learn more at the official website: www.lift.technology
Mission Statement of American Lightweight Materials Manufacturing Innovation Institute
The American Lightweight Materials Manufacturing Innovation Institute, also known as ALMMII, is on a mission to establish a leading center for advanced research and innovation in the field of lightweight and modern metals manufacturing. With a focus on scientific research, education, development, and innovation, ALMMII aims to create optimized, multi-material lightweight structures for transportation and test these structures, as well as the manufacturing processes involved.
By carrying out the purposes of its members, ALMMII aspires to contribute significantly to the objectives of the US government in the areas of defense and commerce. The institute's work is dedicated to pushing the boundaries of lightweight materials manufacturing, fostering the creation of cutting-edge technologies that will drive progress and enhance the capabilities of transportation industries.
Through rigorous scientific research and education, ALMMII is committed to advancing the knowledge and understanding of optimized multi-material lightweight structures. The institute's members collaborate on the development and innovation of these structures, ensuring that they are both effective and efficient in their applications. Additionally, they dedicate efforts to testing these structures and refining the manufacturing processes that bring them to life.
In summary, the American Lightweight Materials Manufacturing Innovation Institute is a pioneering organization dedicated to the research, development, and innovation of advanced, multi-material lightweight structures for transportation. By pooling together the collective expertise and resources of its members, ALMMII is driving progress in the manufacturing industry and contributing to the objectives of the US government in the defense and commerce sectors.
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Impact
October, 2024
The American Lightweight Materials Manufacturing Innovation Institute (ALMMII) plays a critical role in advancing lightweight materials and manufacturing innovations crucial for various sectors, particularly transportation and defense. By focusing on the integration of materials, processes, and systems, ALMMII fosters the transition of cutting-edge technologies from advanced research into industry applications.
The institute's initiatives, centralized around its technology program known as LIFT (Leading Innovations for Tomorrow), emphasize several key areas: Integrated Computational Materials Engineering (ICME), smarter and agile manufacturing, advanced alloy and process development, and multi-material joining techniques. These pillars not only enhance manufacturing efficiency but also lead to the development of optimized, multi-material lightweight structures that can significantly improve performance and reduce costs in transportation sectors.
By advancing research and education in these fields, ALMMII contributes to the broader objectives of the U.S. government concerning defense and commerce, ensuring that the country remains competitive in a global landscape increasingly focused on innovation and sustainability. The institute serves as a hub for collaboration among industry stakeholders, researchers, and policymakers, facilitating the sharing of knowledge and resources essential for developing the next generation of lightweight materials and manufacturing processes.
This information is meant to be a general summary of American Lightweight Materials Manufacturing Innovation Institute. 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: $607
- Program Service Revenue: $1,857,427
- Gross Receipts: $34,115,240
Assets and Liabilities:
- Total Assets: $55,799,206
- Total Liabilities: $20,226,626
- Net Assets: $35,572,580
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP
Revenue
$1,763,420
INDUSTRY PROJECT INCOME
Revenue
$94,007
Organization Details
Founding Year
2013
Phone
(313) 309-9005Principal Officer
Nigel J Francis
Main Address
1400 ROSA PARKS BOULEVARD, DETROIT, MI, 48216
Website
www.lift.technologyNTEE Category
Code: U40 - Science research
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