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 tax deductible.
Heare 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:
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- Other: $11,960
Official website here: www.armiusa.org/
Where can I find the form 990 for Advanced Regenerative Manufacturing Institute Inc?
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.
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Impact
October, 2024
The Advanced Regenerative Manufacturing Institute Inc (ARMI) plays a pivotal role in advancing the U.S. bioeconomy by fostering innovation and collaboration within the regenerative manufacturing sector. Its initiatives drive inclusive economic growth, particularly through the development of pathways to jobs in the biofabrication industry. By collaborating with various stakeholders—from local communities to federal partners—ARMI creates a robust network that enhances the industry's capacity and enables the development of essential skills.
ARMI addresses critical challenges in tissue engineering by funding technical projects that facilitate the commercialization of impactful technologies. This support allows companies in the field to focus on product-specific challenges, effectively accelerating the translation of innovations to market while mitigating risks.
Moreover, education and workforce development are central to ARMI's impact. The organization identifies the urgent need for a skilled workforce in biomanufacturing by funding projects that cultivate the necessary expertise. This proactive approach helps to meet the demands of the industry, ensuring that companies have access to trained employees who can drive growth and innovation.
Through hosting conferences, workshops, and providing platforms for shared learning, ARMI fosters collaboration among organizations, encouraging the exchange of best practices and addressing common challenges related to technical, regulatory, workforce, and financial aspects. Ultimately, ARMI's multifaceted efforts not only propel the field of regenerative manufacturing forward but also contribute significantly to the overall advancement of the U.S. bioeconomy.
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.
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: $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
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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
Phone
(603) 666-3905Principal Officer
Maureen Toohey
Main Address
400 Commercial St, Manchester, NH, 03101
Website
www.armiusa.org/NTEE Category
Code: S41 - Community improvement
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