Civic Intelligence

Commonwealth Center for Advanced Manufacturing

990 • Fiscal year 2017 • EIN 27-2922154

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

5520 West Quaker RoadDisputanta, VA 23842

(804) 772-3700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

1.73x

Higher debt load relative to assets than 98% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

88th percentile

1.93x

Higher debt load relative to revenue than 88% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

7th percentile

-39%

Higher net margin than 7% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

80th percentile

$221,996

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

8th percentile

-11%

Faster asset growth than 8% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

58th percentile

8.0%

Faster revenue growth than 58% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Down

$7,829,605

Down $984,746 (-11%) from 2016

Net Assets

Down

-$5,752,819

Down $2,753,004 (-92%) from 2016

Liabilities

Up

$13,582,424

Up $1,768,258 (+15%) from 2016

Revenue

Up

$7,023,292

Up $522,547 (+8.0%) from 2016

Expenses

Down

$9,776,296

Down $575,703 (-5.6%) from 2016

Net Income

Up

-$2,753,004

Up $1,098,250 (+29%) 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 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

2017

Assets$7,829,605
Liabilities$13,582,424
Net Assets-$5,752,819

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 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

2017

Revenue$7,023,292
Expenses$9,776,296
Net Income-$2,753,004
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$7,023,292
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$5,998,399$4,798,932▼ $1,199,467
Accounts Receivable$1,941,425$2,022,716▲ $81,291
Cash and Non-Interest-Bearing Accounts$655,580$785,549▲ $129,969
Prepaid Expenses and Deferred Charges$56,834$86,984▲ $30,150
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$8,814,351$7,829,605▼ $984,746
Other Assets Total$162,113$135,424▼ $26,689
Liabilities
Unsecured Notes Loans Payable$5,526,964$6,917,971▲ $1,391,007
Accounts Payable and Accrued Expenses$1,793,743$2,583,636▲ $789,893
Other Liabilities$2,080,283$1,938,229▼ $142,054
Deferred Revenue$1,896,876$1,900,000▲ $3,124
Mortgage Notes Payable Secured by Investment Property$516,300$242,588▼ $273,712
Grants Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$11,814,166$13,582,424▲ $1,768,258
Net Assets / Fund Balance
Temporarily Rstr Net Assets$524,610$409,516▼ $115,094
Permanently Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-3,524,425$-6,162,335▼ $2,637,910
Total Net Assets Fund Balance$-2,999,815$-5,752,819▼ $2,753,004
Total Liabilities and Net Assets / Fund Balance$8,814,351$7,829,605▼ $984,746

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,522,784$5,888,853$10,411,637
Other Land Buildings$189,147$395,633$584,780
Leasehold Improvements$87,001$80,703$167,704
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Will PowersPres/Exec DirectorFT$200,000$21,996$221,996
Bruce SobczakDirector of Workforce DevelopmentFT$150,366$19,499$169,865
Benjamin ZimmermanProject ManagerFT$135,842$19,672$155,514
Daniel HenkelResearch ManagerFT$138,859$14,529$153,388
Timothy WardResearch Manager-$137,895$15,493$153,388
Timothy WardManager of Research OperationsFT$131,958$19,103$151,061
Matthew StremlerResearch ManagerFT$136,078$13,728$149,806

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
Hugh KerrChief Financial Officer
Jaime CamelioChief Technology Officer

Highest Paid Contractors

ContractorServicesLocationCompensation
Fahrenheit FinanceAccounting & Finance1500 Mactavish Avenue, Richmond, VA 23230$309,172
Aerotek IncProfessional Svcs3689 Collection Center Drive, Chicago, IL 60693$278,603
Treasurer Of Virginia TechResearch300 Turner Street Ste 4200, Blacksbury, VA 24061$209,029
Deloitte Consulting LLPProfessional SRVCS901 East Byrd St Ste 820, Richmond, VA 23219$208,436
Slait ConsultingIT Services100 Landmark Square, Virginia Beach, VA 23452$176,545
Revenue and Support

Revenue Composition

Contributions and Grants
$2,360,183
Program Service Revenue
$1,924,051
Investment Income
$0
Other Revenue
$2,739,058
All Other Contributions
$995,879
Change in Net Assets
$-2,753,004

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeReported AmountValuation Method
Other Non Cash Contri Table$873,460Fair Market Value
Total Noncash Contributions$873,460-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,449,550
Salaries, Compensation, and Employee Benefits$3,326,746
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,841,348$460,336-$2,301,684
Depreciation Depletion$1,618,702--$1,618,702
Occupancy$1,501,655--$1,501,655
Fees for Services Other-$1,242,902-$1,242,902
Other Employee Benefits$614,958--$614,958
Fees for Services Accounting-$442,564-$442,564
Current Officers, Directors, Trustees, and Key Employees$55,499$166,497-$221,996
Fees for Services Legal-$211,377-$211,377
Payroll Taxes$188,108--$188,108
Interest$179,180--$179,180
Information Technology$142,354--$142,354
Travel$116,803--$116,803
Office Expenses$44,393--$44,393
Insurance$31,388--$31,388
Advertising$27,058--$27,058
Other Expenses$4,138--$4,138
All Other Expenses$2,570--$2,570
Total Functional Expenses$7,252,620$2,523,676$0$9,776,296
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$1,647,215
Accrued Expenses$291,014
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
No
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
2018-11-15

Organization Details

Principal Officer
Will Powers
Formed
2010
Legal Domicile
Va
Voting Board Members
17
Independent Board Members
17
Employees
51
Volunteers
17

Preparer

Firm
Ernst & Young US Llp
Address
100 N TRYON ST STE 3800, CHARLOTTE, NC 28202
Preparer
Edward S Tidwell
Phone
7043726300
Supplemental Narrative

Additional Explanations

Members of the Organization

FORM 990, PART VI, LINE 6 MEMBERSHIP LISTING AS OF DECEMBER 31, 2017: 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 9) ABB, Inc. 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.

Form 990 Part IX Line 11G

Description:prof. Fees - rsch & consulting total fees:824453

Form 990 Part IX Line 11G

Description:economic/workforce development total fees:290436

Form 990 Part IX Line 11G

Description:recruiting total fees:128013

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IRS990/Form990PartVIISectionAGrp/PersonNm5Jason Wells
IRS990/Form990PartVIISectionAGrp/PersonNm6Clayton Turner
IRS990/Form990PartVIISectionAGrp/PersonNm7Rob Hogan
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IRS990/Form990PartVIISectionAGrp/PersonNm21Bruce Sobczak
IRS990/Form990PartVIISectionAGrp/PersonNm22Benjamin Zimmerman
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IRS990/Form990PartVIISectionAGrp/PersonNm24Timothy Ward
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IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member, Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt17Pres/Exec Dir
IRS990/Form990PartVIISectionAGrp/TitleTxt18Chief Technology Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt19Chief Financial Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt20Research Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt21Dir. of Workforce Development
IRS990/Form990PartVIISectionAGrp/TitleTxt22Project Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt23Research Manager
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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.

Document Assets

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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
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