Advanced Materials & Manufacturing Tech Innovation Center Research Foundation

“The organization uses alcott group ("alcott"), a professional employer organization ("peo"), which provides professional employer services. In the peo relationship, alcott and the organization share certain responsibilities and allocate other employer responsibilities individually. During the tax year the organization paid alcott $4,180. Please refer to part vii for individuals who were compensated by the peo.”

“Long island forum for technology ("lift") is the sole member of ammtic (cpc).”

“The numbers of directors shall be determined by the sole member, lift.”

“Lift has the power to remove board members, as well as amend governing documents.”

“Those charged with governance review a draft of the tax return before it is finalized and filed. 990 is available to all members upon request to board.”

“Board members are required to sign a board policy manual acknowledgement document annual stating they have read a copy of the lift board of directors policy manual and agree, as evidenced by their signature, that they will comply with all policies contained in the manual.”

“The organizations makes required documents available to the public upon request.”

“Payroll service: program service expenses 765. Management and general expenses 3,416. Fundraising expenses 0. Total expenses 4,181. Consultants: program service expenses 94,550. Management and general expenses 154,469. Fundraising expenses 0. Total expenses 249,019. Engineering: program service expenses 60,390. Management and general expenses 0. Fundraising expenses 0. Total expenses 60,390. Security: program service expenses 0. Management and general expenses 3,260. Fundraising expenses 0. Total expenses 3,260.”

“We have designated an individual with suitable skill, knowledge, or experience to oversee audit and tax preparation. We have assumed all management responsibilities.”

“The original tax return was filed before the books and records were fully adjusted resulting in the filing of an amended tax return. The following line items from part 1 reflect the following changes: line 9 program service revenue increased by $140,403 line 11 other revenue decreased by $95,575 line 12 total revenue increased by $44,818 line 15 salaries, other compensation, employee benefits decreased by $31,907 line 17 other expenses increased by $154,467 line 18 total expenses increased by $122,560 line 19 revenue less expenses increased by $77,741 line 20 total assets decreased by $62,690 line 21 total liabilities increased by $15,051 line 22 net assets decreased by $77,741 part vii column d was amended to reflect the correct payroll expense part viii, ix, x and xi were amended to reflect the updated amounts noted above the following schedules and sections were amended to reflect the updated informations: schedule a part iii schedule b part 1 schedule d part ix and x schedule g part ii schedule j part ii schedule l part ii and part iv schedule r part v”