Civic Intelligence

Commonwealth Center for Advanced Manufacturing

990 • Fiscal year 2018 • EIN 27-2922154

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 07, 2019

5520 W 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

1.91x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

87th percentile

1.72x

Higher debt load relative to revenue than 87% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

42nd percentile

0.7%

Higher net margin than 42% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

80th percentile

$222,992

Higher top officer pay than 80% of similar nonprofits.

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

4th percentile

-20%

Faster asset growth than 4% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

34th percentile

-1.2%

Faster revenue growth than 34% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$6,244,363

Down $1,585,242 (-20%) from 2017

Net Assets

Up

-$5,701,761

Up $51,058 (+0.9%) from 2017

Liabilities

Down

$11,946,124

Down $1,636,300 (-12%) from 2017

Revenue

Down

$6,937,564

Down $85,728 (-1.2%) from 2017

Expenses

Down

$6,886,507

Down $2,889,789 (-30%) from 2017

Net Income

Up

$51,057

Up $2,804,061 (+102%) from 2017

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

2018

Assets$6,244,363
Liabilities$11,946,124
Net Assets-$5,701,761

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

2018

Revenue$6,937,564
Expenses$6,886,507
Net Income$51,057
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 7, 2019
Return Version
2018v3.1
Gross Receipts
$6,937,564
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$4,798,932$3,694,585▼ $1,104,347
Accounts Receivable$2,022,716$1,401,719▼ $620,997
Cash and Non-Interest-Bearing Accounts$785,549$882,121▲ $96,572
Prepaid Expenses and Deferred Charges$86,984$157,553▲ $70,569
Total Assets$7,829,605$6,244,363▼ $1,585,242
Other Assets Total$135,424$108,385▼ $27,039
Liabilities
Unsecured Notes Loans Payable$6,917,971$7,841,752▲ $923,781
Deferred Revenue$1,900,000$1,702,500▼ $197,500
Other Liabilities$1,938,229$1,260,261▼ $677,968
Accounts Payable and Accrued Expenses$468,659$979,134▲ $510,475
Mortgage Notes Payable Secured by Investment Property$242,588$162,477▼ $80,111
Total Liabilities$11,467,447$11,946,124▲ $478,677
Net Assets / Fund Balance
Temporarily Rstr Net Assets$409,516$547,028▲ $137,512
Unrestricted Net Assets$-4,047,358$-6,248,789▼ $2,201,431
Total Net Assets Fund Balance$-3,637,842$-5,701,761▼ $2,063,919
Total Liabilities and Net Assets / Fund Balance$7,829,605$6,244,363▼ $1,585,242

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,489,069$7,201,640$10,690,709
Other Land Buildings$137,768$482,971$620,739
Leasehold Improvements$67,748$104,855$172,603
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Will PowersPresident & Executive DirectorFT$200,996$21,996$222,992
Timothy J WardManager of Research OperationsFT$135,626$30,978$166,604
Matthew P StremlerResearch ManagerFT$132,621$32,454$165,075
Benjamin ZimmermanResearch ManagerFT$137,584$26,152$163,736
Yuri a PlotnikovResearcherFT$115,564$27,898$143,462
Huda a Al GhaibResearcherFT$117,571$16,779$134,350

Board Members and Trustees

NameTitle
Craig BensonChairman
Ed ColvinVice Chairman
Amanda SimpsonBoard Member
Barbara BoyanBoard Member
Bill DonahueBoard Member
Brian WarnerBoard Member
Clayton TurnerBoard Member
Dawit HaileBoard Member
Jack LeskoBoard Member
Jason WellsBoard Member
Matt KileyBoard Member
Nezih YaramanogluBoard Member
Rich SchweitzerBoard Member
Richard SchmidBoard Member
Rob HoganBoard Member
Rob ShentonBoard Member
Hugh KerrChief Financial Officer
Jaime CamelioChief Technology Officer
Eric WeiselSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Fahrenheit FinanceAccounting And Finance1500 MACTAVISH AVENUE, Richmond, VA 23230$308,422
Allegis Group Holdings INCProfessional Services7301 PARKWAY DRIVE, Hanover, MD 21076$302,418
Slait ConsultingIt Services100 LANDMARK SQUARE, Virginia Beach, VA 23452$282,059
Williams Mullen Clark & DobbinsLegal ServicesPO BOX 1320, Richmond, VA 23218$237,913
Holterman Engineering LLCResearch Services10733 BLAND RIDGE COURT, South Prince George, VA 23805$153,739
Revenue and Support

Revenue Composition

Contributions and Grants
$1,390,973
Program Service Revenue
$1,551,765
Investment Income
$0
Other Revenue
$3,994,826
All Other Contributions
$299,505
Change in Net Assets
$51,057
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,161,708
Other Expenses$2,724,799
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,722,567--$2,722,567
Depreciation Depletion$1,507,563--$1,507,563
Occupancy$1,129,817--$1,129,817
Other Employee Benefits$700,134--$700,134
Fees for Services Other-$652,036-$652,036
Current Officers, Directors, Trustees, and Key Employees$494,770--$494,770
Fees for Services Accounting-$416,247-$416,247
Payroll Taxes$244,237--$244,237
Interest$234,541--$234,541
Fees for Services Legal-$191,404-$191,404
Information Technology$138,703--$138,703
Travel$109,576--$109,576
Other Expenses$106,865--$106,865
Insurance$70,039--$70,039
Office Expenses$47,313--$47,313
Advertising$14,453--$14,453
Conferences and Meetings$9,795--$9,795
All Other Expenses$-2,353,036--$-2,353,036
Total Functional Expenses$5,626,820$1,259,687$0$6,886,507
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Ccam Rc$873,169
Accrued Expenses$387,092
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

Governance Explanations

Form 990, Part VI, Section A, Line 6

Membership listing as of december 31, 2018: 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) newport news shipbuilding 2) rolls-royce north america inc. 3) sandvik coromant company 4) siemens product lifecycle management software inc. 5) oerlikon metco (us), inc. 6) aerojet rocketdyne, inc. 7) airbus americas, inc. 8) arconic 9) 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) rti international metals 7) chromalloy gas turbine, llc 8) gf machining solutions, llc 9) cummins, inc. Affiliate member companies: 1) buehler, a division of illinois tool work, inc. 2) cool clean technologies, llc 3) mechdyne corporation 4) national instruments corporation 5) spatial integrated systems, inc. 6) hexagon manufacturing intelligence 7) cgtech 8) abb, inc. 9) hurco north america

Form 990, Part VI, Section A, Line 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.

Form 990, Part VI, Section B, 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.

Form 990, Part VI, Section B, Line 12C

The organization reviews conflict of interest disclosures annually and addresses any conflicts if they arise.

Form 990, Part VI, Section B, 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.

Form 990, Part VI, Section C, Line 19

Ccam makes its governing documents, conflict of interest policy and financial statements available to the general public upon request.

Filing and Contact Details

Filer

Filer Name
Commonwealth Center for
EIN
27-2922154
Phone
8047723700
Address
5520 W QUAKER ROAD, DISPUTANTA, VA 23842

Signing Officer

Name
Mike Duncan
Title
CFO
Phone
8047723700
Signed
2019-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Duncan
Formed
2010
Legal Domicile
Va
Voting Board Members
17
Independent Board Members
17
Employees
58
Volunteers
17

Preparer

Firm
Keiterstephenshurstgary & Shreavespc
Address
4401 DOMINION BLVD, GLEN ALLEN, VA 23060
Preparer
Virginia R Belcher
Phone
8047470000
Supplemental Narrative

Additional Explanations

Part X, Line 17

Beginning balance sheet has been adjusted to reflect allocation of expenses to subsidiary on prior year return.

FORM 990, PART XI, LINE 9:

Prior period adj - expenses allocated to subsidiary -2,114,976.

Financial Statement Notes

PART X, LINE 2:

Ccam follows fasb guidance for how uncertain tax positions should be recognized, measured, disclosed and presented in the consolidated financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing ccam's tax returns to determine whether the tax positions are "more-likely-than-not" of being sustained "when challenged or "when examined" by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense and liability in the current year. Management evaluated ccam's tax position and concluded that ccam had taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with the provisions of this guidance. Ccam is not currently under audit by any tax jurisdiction.

Raw XML AppendixShowing 400 of 743 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm23HUDA A AL GHAIB
IRS990/Form990PartVIISectionAGrp/PersonNm24YURI A PLOTNIKOV
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IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt16SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT & EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt19CHIEF TECHNOLOGY OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt20RESEARCH MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt21MANAGER OF RESEARCH OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt22RESEARCH MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt23RESEARCHER
IRS990/Form990PartVIISectionAGrp/TitleTxt24RESEARCHER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02010
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IRS990/FSAuditedInd01
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IRS990/MinutesOfCommitteesInd01
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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.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/OtherExpensesGrp/Desc0EQUIPMENT RENTAL
IRS990/OtherExpensesGrp/Desc1GRANT ADMIN EXPENSES
IRS990/OtherExpensesGrp/Desc2RESEARCH
IRS990/OtherExpensesGrp/Desc3RECRUITING
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IRS990/OtherExpensesGrp/TotalAmt2115978

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