Civic Intelligence

Commonwealth Center for Advanced Manufacturing

990 • Fiscal year 2016 • EIN 27-2922154

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

5520 West Quaker RoadDisputanta, VA 23842

(804) 772-3700

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$8,814,351

Flat from 2016

Net Assets

Flat

-$2,999,815

Flat from 2016

Liabilities

Flat

$11,814,166

Flat from 2016

Revenue And Expenses

Revenue

Flat

$6,500,745

Flat from 2016

Expenses

Flat

$10,351,999

Flat from 2016

Net Income

Flat

-$3,851,254

Flat from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$10M$0-$10MAssets 2011: $3,269,364Liabilities 2011: $2,888,095Net Assets 2011: $381,2692011Assets 2012: $10,801,295Liabilities 2012: $6,736,175Net Assets 2012: $4,065,1202012Assets 2013: $12,623,123Liabilities 2013: $8,663,085Net Assets 2013: $3,960,0382013Assets 2014: $13,892,509Liabilities 2014: $10,856,990Net Assets 2014: $3,035,5192014Assets 2015: $14,832,418Liabilities 2015: $13,930,979Net Assets 2015: $901,4392015Assets 2016: $8,814,351Liabilities 2016: $11,814,166Net Assets 2016: -$2,999,8152016Assets 2016: $8,814,351Liabilities 2016: $11,814,166Net Assets 2016: -$2,999,8152016Assets 2017: $7,829,605Liabilities 2017: $13,582,424Net Assets 2017: -$5,752,8192017Assets 2018: $6,244,363Liabilities 2018: $11,946,124Net Assets 2018: -$5,701,7612018Assets 2020: $4,959,529Liabilities 2020: $13,486,446Net Assets 2020: -$8,526,9172020Assets 2021: $5,017,532Liabilities 2021: $12,935,159Net Assets 2021: -$7,917,6272021Assets 2022: $5,952,149Liabilities 2022: $14,534,003Net Assets 2022: -$8,581,8542022Assets 2023: $6,924,718Liabilities 2023: $10,704,969Net Assets 2023: -$3,780,2512023Assets 2024: $9,023,701Liabilities 2024: $13,235,046Net Assets 2024: -$4,211,3452024Assets 2025: $13,722,562Liabilities 2025: $3,183,698Net Assets 2025: $10,538,8642025

Highlighted filing

2016

Assets$8,814,351
Liabilities$11,814,166
Net Assets-$2,999,815

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2011: $1,007,7312011Expenses 2012: $4,305,7842012Revenue 2013: $4,162,398Expenses 2013: $4,240,844Net Income 2013: -$78,4462013Revenue 2014: $4,529,526Expenses 2014: $7,792,906Net Income 2014: -$3,263,3802014Revenue 2015: $6,252,792Expenses 2015: $8,212,451Net Income 2015: -$1,959,6592015Revenue 2016: $6,500,745Expenses 2016: $10,351,999Net Income 2016: -$3,851,2542016Revenue 2016: $6,500,745Expenses 2016: $10,351,999Net Income 2016: -$3,851,2542016Revenue 2017: $7,023,292Expenses 2017: $9,776,296Net Income 2017: -$2,753,0042017Revenue 2018: $6,937,564Expenses 2018: $6,886,507Net Income 2018: $51,0572018Revenue 2020: $11,058,835Expenses 2020: $10,479,030Net Income 2020: $579,8052020Revenue 2021: $9,261,714Expenses 2021: $8,652,424Net Income 2021: $609,2902021Revenue 2022: $7,545,943Expenses 2022: $8,210,170Net Income 2022: -$664,2272022Revenue 2023: $13,928,775Expenses 2023: $9,127,172Net Income 2023: $4,801,6032023Revenue 2024: $10,744,775Expenses 2024: $11,124,472Net Income 2024: -$379,6972024Revenue 2025: $23,287,216Expenses 2025: $11,458,664Net Income 2025: $11,828,5522025

Highlighted filing

2016

Revenue$6,500,745
Expenses$10,351,999
Net Income-$3,851,254
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.1
Gross Receipts
$6,500,745
Mission and Program Overview

Mission

Ccam was created for the purpose of conducting transformational scientific research with respect to the development of manufacturing technologies. Ccam seeks to bridge the gap between laboratory research and the development of manufacturing technologies with industrial applications.

Ccam was created for the purpose of conducting transformational scientific research with respect to the development of manufacturing technologies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,746,144$5,998,399▼ $747,745
Accounts Receivable$5,603,759$1,941,425▼ $3,662,334
Cash and Non-Interest-Bearing Accounts$2,168,605$655,580▼ $1,513,025
Prepaid Expenses and Deferred Charges$61,603$56,834▼ $4,769
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$14,832,418$8,814,351▼ $6,018,067
Other Assets Total$252,307$162,113▼ $90,194
Liabilities
Unsecured Notes Loans Payable$5,053,565$5,526,964▲ $473,399
Other Liabilities$5,245,663$2,080,283▼ $3,165,380
Deferred Revenue$1,793,983$1,896,876▲ $102,893
Accounts Payable and Accrued Expenses$1,061,219$1,793,743▲ $732,524
Mortgage Notes Payable Secured by Investment Property$776,549$516,300▼ $260,249
Grants Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$13,930,979$11,814,166▼ $2,116,813
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,897,277$524,610▼ $1,372,667
Permanently Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-995,838$-3,524,425▼ $2,528,587
Total Net Assets Fund Balance$901,439$-2,999,815▼ $3,901,254
Total Liabilities and Net Assets / Fund Balance$14,832,418$8,814,351▼ $6,018,067

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,700,543$4,443,326$10,143,869
Other Land Buildings$237,580$316,158$553,738
Leasehold Improvements$60,276$60,430$120,706
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jaime CamelioChief Technology OfficerFT$642,620-$642,620
Hugh KerrChief Financial OfficerFT$193,515-$193,515
Joseph MoodyPres/Exec Director (END 04/15/2016)FT$89,249$87,990$177,239
Bruce SobczakDirector of Workforce DevelopmentFT$148,518$24,555$173,073
Will PowersPres/Exec Director (BEG 04/01/2016)FT$150,000$17,470$167,470
Daniel HenkelResearch ManagerFT$138,004$21,656$159,660
Benjamin ZimmermanProject ManagerFT$132,744$18,450$151,194
Matthew StremlerManagerFT$125,100$16,287$141,387

Board Members and Trustees

NameTitle
Barry EcclestonBoard Member, Chairman
Craig BensonBoard Member, Vice Chairman
Barbara BoyanBoard Member
Clayton TurnerBoard Member
David HillsBoard Member
Dawit HaileBoard Member
Don Roussinosboard member
Ed ColvinBoard Member
Jason WellsBoard Member
Morris Fosterboard member
Nezih Yaramanogluboard member
Peter HowardBoard Member
Rich Schweitzerboard member
Richard SchmidBoard Member
Rob HoganBoard Member
Rob ShentonBoard Member
Jack LeskoBoard Member, Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Aerokek IncResearch3689 Collection Center Drive, Chicago, IL 60693, Uk$401,839
Fahrenheit FinanceAccounting & Finance1500 Mactavish Avenue, Richmond, VA 23230$355,880
Treasurer Of Virginia TechResearch300 Turner Street Ste 4200, Blacksbury, VA 24061$324,905
Anwyl Economic DevelopmentConsulting100 Landmark Square, Virginia Beach, VA 23452$248,000
Slait ConsultingIT Services-$218,350
Revenue and Support

Revenue Composition

Contributions and Grants
$2,725,375
Program Service Revenue
$1,859,059
Investment Income
$0
Other Revenue
$1,916,311
All Other Contributions
$1,218,861
Change in Net Assets
$-3,851,254

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table2$892,182Fair Market Value
Total Noncash Contributions2$892,182-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,733,312
Salaries, Compensation, and Employee Benefits$3,618,687
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,513,693$340,799-$1,854,492
Fees for Services Other-$1,830,443-$1,830,443
Depreciation Depletion$1,544,212--$1,544,212
Occupancy$1,429,104--$1,429,104
Current Officers, Directors, Trustees, and Key Employees$271,004$866,811-$1,137,815
Other Employee Benefits$473,630--$473,630
Fees for Services Accounting-$337,736-$337,736
Fees for Services Legal-$200,826-$200,826
Payroll Taxes$152,750--$152,750
Information Technology$119,765--$119,765
Interest$115,300--$115,300
Travel$79,728--$79,728
Insurance$65,373--$65,373
Office Expenses$44,404--$44,404
Advertising$13,194--$13,194
Other Expenses$6,945--$6,945
All Other Expenses$-44,243--$-44,243
Total Functional Expenses$6,775,384$3,576,615$0$10,351,999
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Ccam Rc$1,686,411
Accrued Expenses$393,872
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Commonwealth Center for Advanced
EIN
27-2922154
In Care Of
% HUGH KERR
Phone
8047723700
Address
5520 WEST QUAKER ROAD, DISPUTANTA, VA 23842

Signing Officer

Name
Hugh Kerr
Title
CFO
Phone
8047223700
Signed
2017-11-15

Organization Details

Principal Officer
Will Powers
Formed
2010
Legal Domicile
Va
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
17

Preparer

Firm
Ernst & Young US Llp
Address
55 IVAN ALLEN BLVD SUITE 1000, ATLANTA, GA 30308
Preparer
Michael Kuczynski
Phone
4048748300
Supplemental Narrative

Additional Explanations

Members of the Organization

FORM 990, PART VI, LINE 6 MEMBERSHIP LISTING AS OF DECEMBER 31, 2016: Organizing University Members (OUMS): 1) Rector and Visitors of the University of Virginia (UVA) 2) Virginia State University (VSU) 3) Virginia Polytechnic Institute and State University (Virginia Tech) 4) Old Dominion University (ODU) 5) Virginia Commonwealth University (VCU) Organizing Industry Members (OIMS): 1) Chromalloy Gas Turbine, LLC 2) Newport News Shipbuilding 3) Rolls-Royce North America Inc. 4) Sandvik Coromant Company 5) Siemens Product Lifecycle Management Software Inc. 6) Oerlikon Metco (US), Inc. 7) Aerojet Rocketdyne, Inc. 8) Airbus Americas, Inc. 9) Arconic 10) Kyocera SGS Precision Tools Principal Member Companies: 1) Blaser Swisslube, Inc. 2) Canon Virginia, Inc. 3) e-Manufacturing Solutions (EOS) 4) Hermle Machine Company 5) Mitutoyo America Corporation 6) TurboCombuster Technology, Inc. 7) RTI International Metals Affiliate Member Companies: 1) Buehler, a Division of Illinois Tool Work, Inc. 2) Cool Clean Technologies, LLC 3) GF AgieCharmilles 4) Mechdyne Corporation 5) National Instruments Corporation 6) Spatial Integrated Systems, Inc. 7) Hexagon Manufacturing Intelligence 8) CGTech MEMBERS WHO HAVE THE POWER TO ELECT OR APPOINT BOARD MEMBERS FORM 990, PART VI, QUESTION 7A OIMS APPOINT ONE VOTING MEMBER TO THE CCAM BOARD OF DIRECTORS AND CCAM'S INDUSTRY OPERATIONS BOARD AND THE TECHNICAL ADVISORY COUNCIL. Principal AND Affiliate MEMBER COMPANIES APPOINT ONE MEMBER FROM THEIR RANKS TO THE TECHNICAL ADVISORY COUNCIL. REVIEW OF FORM 990 FORM 990, PART VI, LINE 11B THE ORGANIZATION DISTRIBUTES A COPY OF THE FORM 990 TO ALL MEMBERS OF THE FINANCE COMMITTEE AND MAKES IT AVAILABLE FOR ALL OTHER BOARD MEMBERS PRIOR TO THE FORM BEING FILED. monitoring conflict of interest policy form 990, part vi, line 12c the organization reviews conflict of interest disclosures annually and addresses any conflicts if they arise. DETERMINATION AND APPROVAL OF COMPENSATION FOR THE PRESIDENT FORM 990, PART VI, LINE 15A THE ORIGINAL PLAN FOR CCAM INVOLVED BUDGETING FOR KEY POSITIONS. THOSE BUDGETED AMOUNTS WERE COMPILED USING INDUSTRY AVERAGES. ALSO, THERE IS A COMPENSATION COMMITTEE THAT APPROVES TITLES, AND BASE SALARY FOR KEY POSITIONS. AVAILABILITY OF GOV DOCS, CONFLICT OF INTEREST POLICY & FINANCIAL STMTS FORM 990, PART VI, LINE 19 CCAM MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. CCAM MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST.

Form 990, Part XI Line 9

OTHER CHANGES IN NET ASSETS Investment in CCAM Research Corporation $(50,000)

Form 990 Part IX Line 11G

Description:economic/workforce development total fees:1527812

Form 990 Part IX Line 11G

Description:recruiting total fees:183292

Form 990 Part IX Line 11G

Description:professional svcs - consulting total fees:119339

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IRS990/Form990PartVIISectionAGrp/PersonNm0Rob Shenton
IRS990/Form990PartVIISectionAGrp/PersonNm1Barry Eccleston
IRS990/Form990PartVIISectionAGrp/PersonNm2David Hills
IRS990/Form990PartVIISectionAGrp/PersonNm3Ed Colvin
IRS990/Form990PartVIISectionAGrp/PersonNm4Peter Howard
IRS990/Form990PartVIISectionAGrp/PersonNm5Jason Wells
IRS990/Form990PartVIISectionAGrp/PersonNm6Clayton Turner
IRS990/Form990PartVIISectionAGrp/PersonNm7Rob Hogan
IRS990/Form990PartVIISectionAGrp/PersonNm8Richard Schmid
IRS990/Form990PartVIISectionAGrp/PersonNm9Morris Foster
IRS990/Form990PartVIISectionAGrp/PersonNm10Don Roussinos
IRS990/Form990PartVIISectionAGrp/PersonNm11Rich Schweitzer
IRS990/Form990PartVIISectionAGrp/PersonNm12Nezih Yaramanoglu
IRS990/Form990PartVIISectionAGrp/PersonNm13Craig Benson
IRS990/Form990PartVIISectionAGrp/PersonNm14Barbara Boyan
IRS990/Form990PartVIISectionAGrp/PersonNm15Dawit Haile
IRS990/Form990PartVIISectionAGrp/PersonNm16Jack Lesko
IRS990/Form990PartVIISectionAGrp/PersonNm17Will Powers
IRS990/Form990PartVIISectionAGrp/PersonNm18Jaime Camelio
IRS990/Form990PartVIISectionAGrp/PersonNm19Hugh Kerr
IRS990/Form990PartVIISectionAGrp/PersonNm20Joseph Moody
IRS990/Form990PartVIISectionAGrp/PersonNm21Daniel Henkel
IRS990/Form990PartVIISectionAGrp/PersonNm22Bruce Sobczak
IRS990/Form990PartVIISectionAGrp/PersonNm23Benjamin Zimmerman
IRS990/Form990PartVIISectionAGrp/PersonNm24Matthew Stremler
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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Member, Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt11board member
IRS990/Form990PartVIISectionAGrp/TitleTxt12board member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member, Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member, Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt17Pres/Exec Dir (BEG 04/01/2016)
IRS990/Form990PartVIISectionAGrp/TitleTxt18Chief Technology Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt19Chief Financial Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt20Pres/Exec Dir (END 04/15/2016)
IRS990/Form990PartVIISectionAGrp/TitleTxt21Research Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt22Dir. of Workforce Development
IRS990/Form990PartVIISectionAGrp/TitleTxt23Project Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt24Manager
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IRS990/MissionDesc0CCAM WAS CREATED FOR THE PURPOSE OF CONDUCTING TRANSFORMATIONAL SCIENTIFIC RESEARCH WITH RESPECT TO THE DEVELOPMENT OF MANUFACTURING TECHNOLOGIES. CCAM SEEKS TO BRIDGE THE GAP BETWEEN LABORATORY RESEARCH AND THE DEVELOPMENT OF MANUFACTURING TECHNOLOGIES WITH INDUSTRIAL APPLICATIONS.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$13.7$3.18$10.5$23.3$11.5$11.8
2024Detailed filing. Detailed filing data is available for this year.$9.02$13.2$4.21$10.7$11.1$0.38
2023Detailed filing. Detailed filing data is available for this year.$6.92$10.7$3.78$13.9$9.13$4.80
2022Detailed filing. Detailed filing data is available for this year.$5.95$14.5$8.58$7.55$8.21$0.66
2021Detailed filing. Detailed filing data is available for this year.$5.02$12.9$7.92$9.26$8.65$0.61
2020Detailed filing. Detailed filing data is available for this year.$4.96$13.5$8.53$11.1$10.5$0.58
2018Detailed filing. Detailed filing data is available for this year.$6.24$11.9$5.70$6.94$6.89$0.05
2017Detailed filing. Detailed filing data is available for this year.$7.83$13.6$5.75$7.02$9.78$2.75
2016Detailed filing. Detailed filing data is available for this year.$8.81$11.8$3.00$6.50$10.4$3.85
2016Detailed filing. Detailed filing data is available for this year.$8.81$11.8$3.00$6.50$10.4$3.85
2015Detailed filing. Detailed filing data is available for this year.$14.8$13.9$0.90$6.25$8.21$1.96
2014Detailed filing. Detailed filing data is available for this year.$13.9$10.9$3.04$4.53$7.79$3.26
2013Detailed filing. Detailed filing data is available for this year.$12.6$8.66$3.96$4.16$4.24$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$6.74$4.07$4.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.27$2.89$0.38$1.01