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Advanced Regenerative Manufacturing Institute Inc

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

EIN: 813327581 ✦ Manchester, NH ✦ Designated as a 501(c)(6)

Overview

What is Advanced Regenerative Manufacturing Institute Inc?

Advanced Regenerative Manufacturing Institute Inc, or ARMI, is a New Hampshire-based nonprofit organization dedicated to advancing the U.S. bioeconomy. ARMI and its BioFabUSA Institute collaborate with various stakeholders to create opportunities in the biofabrication industry, offering commercialization services, funding for technical projects, and addressing common manufacturing challenges. They also invest in education and workforce development initiatives to meet the industry's demand for skilled employees. ARMI develops roadmaps to guide the field and participates in conferences and workshops to share knowledge. Their mission encompasses support, development, and promotion of the U.S. bioeconomy, with a workforce of approximately 64 individuals.


Official website here: www.armiusa.org/

Is Advanced Regenerative Manufacturing Institute Inc legitimate?

Advanced Regenerative Manufacturing Institute Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Advanced Regenerative Manufacturing Institute 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,364,797

For more financial information, click here


Official website here: www.armiusa.org/

What is the mission statement of Advanced Regenerative Manufacturing Institute Inc?

The Advanced Regenerative Manufacturing Institute Inc (ARMI) is dedicated to supporting, developing, and advancing the United States bioeconomy. ARMI executes its mission by collaborating with various stakeholders to foster inclusive economic growth and create opportunities in the biofabrication industry. The organization offers commercialization services to tissue engineering and enabling technology companies, enabling them to focus on product development while ARMI addresses common manufacturing challenges. ARMI also funds technical projects and education and workforce development initiatives to address industry needs and accelerate industry growth. ARMI, in conjunction with other organizations, develops roadmaps to guide the field of regenerative manufacturing, and hosts conferences and workshops to facilitate knowledge sharing. ARMI's efforts are geared towards accelerating the adoption of advanced technologies and providing shared facilities to support their development.


Official website here: www.armiusa.org/

Who is the CEO of Advanced Regenerative Manufacturing Institute Inc?

Maureen Toohey is the Executive Director of Advanced Regenerative Manufacturing Institute Inc.


Official website here: www.armiusa.org/

What is the revenue of Advanced Regenerative Manufacturing Institute Inc?

Advanced Regenerative Manufacturing Institute Inc's revenue in 2022 was $30,061,391.


Official website here: www.armiusa.org/

Who are the executives of Advanced Regenerative Manufacturing Institute Inc and what are their salaries?

The average compensation at Advanced Regenerative Manufacturing Institute Inc during 2022 was $68,200. There are 64 employees and 150 volunteers at Advanced Regenerative Manufacturing Institute Inc.

Here are 13 key members and their salaries:

    Edward Gordon (Chief Operating Officer - Biofab)
  • Compensation: $192,727
  • Related: $0
  • Other: $35,537

    • Richard Mcfarland (Chief Regulatory Officer)
  • Compensation: $195,289
  • Related: $0
  • Other: $26,263

    • Julie Lenzer (Chief Innovation Officer)
  • Compensation: $178,100
  • Related: $0
  • Other: $15,533

    • Kelly Morbey (Director Of Regulatory Affairs &Qa)
  • Compensation: $155,000
  • Related: $0
  • Other: $11,960

    • Jeremiah Wille (Sr Regulatory Affairs Specialist)
  • Compensation: $160,000
  • Related: $0
  • Other: $594

    • Dean Kamen (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Martine Rothblatt (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Abele (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Weinstein (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Blake Moret (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maureen Toohey (Deputy Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Scott (Chief Operating Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brendan Duffy (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.armiusa.org/

    Where can I find the form 990 for Advanced Regenerative Manufacturing Institute Inc?

    The Advanced Regenerative Manufacturing Institute Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.armiusa.org/

    Learn more at the official website: www.armiusa.org/

    Mission Statement of Advanced Regenerative Manufacturing Institute Inc

    Advanced Regenerative Manufacturing Institute Inc, or ARMI, is dedicated to supporting, developing, and advancing the United States bioeconomy. In simpler terms, ARMI's mission is to foster and promote the growth of the American bioeconomy.

    To achieve this goal, ARMI undertakes several key activities. It collaborates with various stakeholders at the community, local, state, and federal levels to propel the US bioeconomy forward and stimulate inclusive economic growth. ARMI also offers commercialization services to tissue engineering and enabling technology companies, de-risking and accelerating their progress towards market. Furthermore, ARMI funds technical projects to tackle manufacturing challenges faced by these companies, enabling them to focus on product-specific issues.

    Additionally, ARMI invests in education and workforce development projects to address the industry's need for skilled employees. By addressing this pressing need, ARMI helps ensure the growth of tissue engineering and enabling technology companies. In collaboration with other organizations in the field of regenerative manufacturing, ARMI also develops roadmaps to guide the industry's technical and workforce development needs.

    ARMI's presence extends beyond its immediate projects, as it participates in conferences and workshops and shares information about best practices and innovations in the field. Together, these efforts contribute to the advancement of the US bioeconomy and the acceleration of regenerative manufacturing technologies.

    Impact

    This information is meant to be a general summary of Advanced Regenerative Manufacturing Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Advanced Regenerative Manufacturing Institute Inc, through its BioFabUSA Institute, plays a crucial role in advancing the United States bioeconomy and fostering inclusive economic growth. They collaborate with various stakeholders at the community, local, state, and federal levels to create pathways for job opportunities in the biofabrication industry. Additionally, ARMI provides essential commercialization services for tissue engineering and enabling technology companies, facilitating the translation of impactful technologies to the market.

    By funding technical projects that address common manufacturing challenges in tissue engineering, ARMI enables companies in this field to focus on product-specific issues, thereby accelerating industry progress. Their support for education and workforce development projects addresses the critical need for trained employees with biomanufacturing skills, which is essential for the growth of tissue engineering and enabling technology companies.

    Moreover, ARMI develops roadmaps for technical and workforce development needs in regenerative manufacturing in collaboration with other organizations in the field. They also host conferences and workshops to facilitate shared learning on technical, regulatory, workforce, and financial challenges and solutions in regenerative manufacturing.

    Through these initiatives, ARMI has a significant impact on driving innovation, accelerating the growth of the bioeconomy, and creating opportunities for individuals in the biofabrication industry.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $9,695
  • Program Service Revenue: $1,511,772
  • Gross Receipts: $30,061,391

    • Assets and Liabilities:
  • Total Assets: $28,649,661
  • Total Liabilities: $11,484,704
  • Net Assets: $17,164,957
  • Programs

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

    Membership Dues

    Revenue

    $1,098,702

    Other Program Revenue

    Revenue

    $221,167

    Management Fee Revenue

    Revenue

    $191,903

    Organization Details

    Founding Year

    2016

    Principal Officer

    Maureen Toohey

    Main Address

    400 Commercial St, Manchester, NH, 03101

    NTEE Category

    Code: S41 - Community improvement

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