Civic Intelligence

Alfred E Mann Foundation for Scientific Research

990 • Fiscal year 2015 • EIN 95-4002032

Apr 01, 2014 to Mar 31, 2015 • Filed on Aug 04, 2015

25134 Rye Canyon LoopSanta Clarita, CA 91355

(661) 702-6700

Siviq Scores

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

Liabilities / Assets

27th percentile

0.14x

Higher debt load relative to assets than 27% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Liabilities / Revenue

84th percentile

2.00x

Higher debt load relative to revenue than 84% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Net Margin

1st percentile

-136%

Higher net margin than 1% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$464,597

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Asset Growth

13th percentile

-5.3%

Faster asset growth than 13% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Revenue Growth

2nd percentile

-61%

Faster revenue growth than 2% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Assets

Down

$108,633,540

Down $6,106,460 (-5.3%) from 2014

Net Assets

Down

$93,414,206

Down $10,128,007 (-9.8%) from 2014

Liabilities

Up

$15,219,334

Up $4,021,547 (+36%) from 2014

Revenue

Down

$7,594,704

Down $12,045,138 (-61%) from 2014

Expenses

Down

$17,902,645

Down $6,300,534 (-26%) from 2014

Net Income

Down

-$10,307,941

Down $5,744,604 (-126%) from 2014

Historical Trend

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2011: $149,147,272Liabilities 2011: $15,477,095Net Assets 2011: $133,670,1772011Assets 2012: $127,153,690Liabilities 2012: $14,940,475Net Assets 2012: $112,213,2152012Assets 2013: $121,867,281Liabilities 2013: $15,413,443Net Assets 2013: $106,453,8382013Assets 2014: $114,740,000Liabilities 2014: $11,197,787Net Assets 2014: $103,542,2132014Assets 2015: $108,633,540Liabilities 2015: $15,219,334Net Assets 2015: $93,414,2062015Assets 2016: $82,113,434Liabilities 2016: $8,156,995Net Assets 2016: $73,956,4392016Assets 2017: $63,522,432Liabilities 2017: $1,651,881Net Assets 2017: $61,870,5512017Assets 2018: $50,020,916Liabilities 2018: $656,801Net Assets 2018: $49,364,1152018Assets 2019: $93,529,351Liabilities 2019: $7,095,338Net Assets 2019: $86,434,0132019Assets 2020: $59,071,014Liabilities 2020: $11,490,776Net Assets 2020: $47,580,2382020Assets 2021: $307,411,437Liabilities 2021: $2,731,424Net Assets 2021: $304,680,0132021Assets 2022: $374,343,975Liabilities 2022: $2,647,791Net Assets 2022: $371,696,1842022Assets 2023: $344,680,217Liabilities 2023: $5,996,723Net Assets 2023: $338,683,4942023Assets 2024: $372,537,856Liabilities 2024: $6,669,955Net Assets 2024: $365,867,9012024Assets 2025: $353,361,768Liabilities 2025: $6,385,007Net Assets 2025: $346,976,7612025

Highlighted filing

2015

Assets$108,633,540
Liabilities$15,219,334
Net Assets$93,414,206

Operations Trend

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

$300M$200M$100M$0-$100MExpenses 2011: $21,995,3702011Expenses 2012: $24,699,7402012Expenses 2013: $22,317,5392013Revenue 2014: $19,639,842Expenses 2014: $24,203,179Net Income 2014: -$4,563,3372014Revenue 2015: $7,594,704Expenses 2015: $17,902,645Net Income 2015: -$10,307,9412015Revenue 2016: $4,540,535Expenses 2016: $17,253,210Net Income 2016: -$12,712,6752016Revenue 2017: $986,677Expenses 2017: $15,345,907Net Income 2017: -$14,359,2302017Revenue 2018: $431,624Expenses 2018: $13,081,377Net Income 2018: -$12,649,7532018Revenue 2019: $334,706Expenses 2019: $8,041,139Net Income 2019: -$7,706,4332019Revenue 2020: $2,312,474Expenses 2020: $13,859,108Net Income 2020: -$11,546,6342020Revenue 2021: $225,963,433Expenses 2021: $22,418,205Net Income 2021: $203,545,2282021Revenue 2022: $128,538,828Expenses 2022: $18,142,697Net Income 2022: $110,396,1312022Revenue 2023: $31,054,042Expenses 2023: $22,822,234Net Income 2023: $8,231,8082023Revenue 2024: $44,147,259Expenses 2024: $31,844,936Net Income 2024: $12,302,3232024Revenue 2025: $18,144,382Expenses 2025: $41,776,524Net Income 2025: -$23,632,1422025

Highlighted filing

2015

Revenue$7,594,704
Expenses$17,902,645
Net Income-$10,307,941
Jump To
Filing Snapshot
Filing Period
Apr 1, 2014 to Mar 31, 2015
Signed
Aug 4, 2015
Return Version
2014v5.0
Gross Receipts
$164,295,834
Mission and Program Overview

Mission

The alfred mann foundation is a medical research organization dedicated to bringing advanced medical technologies to the public to provide significant improvements to the health, security and quality of life for people suffering from debilitating medical conditions.

Conduct medical and scientific research

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$91,293,276$83,205,449▼ $8,087,827
Other Notes and Loans Receivable, Net$2,517,153$9,688,256▲ $7,171,103
Investments Other Securities$10,715,128$9,402,551▼ $1,312,577
Cash and Non-Interest-Bearing Accounts$3,941,925$1,963,816▼ $1,978,109
Land, Buildings, and Equipment, Net$1,758,434$1,573,051▼ $185,383
Savings and Temporary Cash Investments$1,334,338$1,334,675▲ $337
Intangible Assets$755,813$724,245▼ $31,568
Prepaid Expenses and Deferred Charges$309,809$414,872▲ $105,063
Accounts Receivable$813,225$98,181▼ $715,044
Total Assets$114,740,000$108,633,540▼ $6,106,460
Other Assets Total$1,300,899$228,444▼ $1,072,455
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,155,208$13,316,543▲ $6,161,335
Accounts Payable and Accrued Expenses$4,042,579$1,902,791▼ $2,139,788
Total Liabilities$11,197,787$15,219,334▲ $4,021,547
Net Assets / Fund Balance
Unrestricted Net Assets$103,542,213$93,414,206▼ $10,128,007
Total Net Assets Fund Balance$103,542,213$93,414,206▼ $10,128,007
Total Liabilities and Net Assets / Fund Balance$114,740,000$108,633,540▼ $6,106,460

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$542,467$4,387,664$4,930,131
Other Land Buildings$60,008$2,209,084$2,269,092
Leasehold Improvements$970,576$538,782$1,509,358
Other Securities$5,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David HankinCEOFT$317,274$147,323$464,597
John PetrovichGeneral CounselFT$236,786$98,524$335,310
Mark ChamberlainCOOFT$262,615$67,302$329,917
Farah BoroomandCFOFT$202,562$77,878$280,440
Glen Griffith PrincipalRf Communications EngineerFT$192,797$44,404$237,201
Neelima Firth Sr DirectorStrategic Planning DevelopmentFT$164,512$41,766$206,278
Eusebiu MateiMixed Signal Design Group ManagerFT$181,866$23,015$204,881
James WolfePrincipal Design EngineerFT$170,582$31,903$202,485
Michael PerrinVP, Quality and RegulatoryFT$150,289$48,479$198,768
Charles ByersPrincipal ScientistFT$175,516$17,772$193,288

Board Members and Trustees

NameTitle
Robert GreenbergChairman
Brian MannBoard Member
Mari DanihelBoard Member
Richard WaughBoard Member
Robert GuezuragaBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Morgan Lewis & Bockius LLPLegal Services300 S GRAND AVENUE 22ND FLOOR, Los Angeles, CA 90071$4,264,983
Ocean Tomo LLCExpert Witness Services101 MONTGOMERY STREET SUITE 2100, San Francisco, CA 94104$326,333
Goodwin Procter LLPLegal Services620 8TH AVENUE, New York, NY 10018$140,772
Morrison & Foerster LLPLegal ServicesPO BOX 742335, Los Angeles, CA 90074$128,097
Revenue and Support

Revenue Composition

Contributions and Grants
$101,479
Program Service Revenue
$1,859,751
Investment Income
$5,583,714
Other Revenue
$49,760
All Other Contributions
$101,479
Change in Net Assets
$-10,307,941
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,585,260
Other Expenses$7,298,385
Total Fundraising Expense$135,219
Grants and Similar Amounts Paid$19,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,640,824$784,821-$7,425,645
Current Officers, Directors, Trustees, and Key Employees$1,137,402$505,097-$1,642,499
Fees for Services Legal$1,450,396$185,945-$1,636,341
Office Expenses$1,333,261$96,868$10,915$1,441,044
Occupancy$886,347$154,413$42,086$1,082,846
Fees for Service Investment Mgmnt Fees-$880,954-$880,954
Other Employee Benefits$654,294$77,919-$732,213
Fees for Services Other$542,980$183,495$320$726,795
Payroll Taxes$576,507$79,871-$656,378
Depreciation Depletion$376,029$78,729$565$455,323
Information Technology$334,687$45,094-$379,781
Travel$145,424$57,326-$202,750
Pension Plan Contributions$117,760$10,765-$128,525
Insurance$85,148$14,995$4,063$104,206
Fees for Services Accounting-$95,074-$95,074
Other Expenses$55,904$18,075$74,864$74,864
Conferences and Meetings$28,327$13,330$829$42,486
Grants to Domestic Orgs$19,000--$19,000
Total Functional Expenses$14,460,615$3,306,811$135,219$17,902,645
International Activity

International Summary

Offices
0
Employees
0
Spending
$10,837,779

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments-00$10,436,464
Central America and the CaribbeanInvestment Fee Expenditures-00$401,315
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-ENTITY MORE THAN 35% OWNED BY ALFRED E. MANN, MEMBERALFRED E. MANN FOUNDATION FOR SCIENTIFIC RESEARCH WAS PARTY TO TWO LEASES WITH MANN BIOMEDICAL PARK, LLC FOR THE FOLLOWING FACILITIES: 1) 25133 RYE CANYON LOOP, SANTA CLARITA FOR $1,749 PER MONTH FOR 4/1/14-8/31/14 AND $1,790 PER MONTH FOR 9/1/14-11/17/14, AND 2) 25134 RYE CANYON LOOP, SANTA CLARITA FOR $58,266 PER MONTH FOR 4/1/14-8/31/14 AND $59,634 PER MONTH FOR 9/1/14-11/17/14.No$484,347
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Amf has 1 sole member and 4 board members.

Form 990, Part VI, Section A, Line 7A

The organization shall have up to five members. Alfred e. Mann (lead member) has the authority to appoint his successor as lead member and to appoint all other members.

Form 990, Part VI, Section A, Line 7B

The lead member has the power and right to designate all directors. Directors may only be removed by the directors with written consent of the lead member.

Form 990, Part VI, Section B, Line 11

A draft of form 990 was presented by management to the audit committee of the board of directors for their review and discussion. A full copy of the form was provided to all voting members prior to filing with the irs.

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

Conflict of interest disclosures are updated annually and potential conflicts are reviewed prior to participating in transactions. If a conflict exists, the person with a conflict does not vote. There have been no incidences this reporting year.

Form 990, Part VI, Section B, Line 15

The board of directors reviews and approves the compensation of the ceo and his direct reports including the cfo. They also review and approve the overall annual adjustments to compensation of other employees. Specific adjustments for other employees are handled by the ceo and head of human resources using comparisons to salary surveys for similar positions and experience. During the year ended march 31, 2015, the organization had an outside compensation analysis completed covering executive management, key employees and highly compensated employees. The board of directors approved compensation for the ceo and his direct reports including the cfo. This process was documented.

Form 990, Part VI, Section C, Line 19

Members of the public or interested parties may request to review or recieve a copy of the governing documents, conflict of interest policy, and financial statements by phone or mail.

Filing and Contact Details

Filer

Filer Name
Alfred E Mann Foundation for
EIN
95-4002032
Phone
6617026700
Address
25134 RYE CANYON LOOP, SANTA CLARITA, CA 91355

Signing Officer

Name
David Hankin
Title
CEO
Phone
6617026700
Signed
2015-08-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Hankin
Formed
1985
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
102
Volunteers
6

Preparer

Firm
Moss Adams Llp
Address
4747 EXECUTIVE DRIVE SUITE 1300, SAN DIEGO, CA 92121
Preparer
Patricia J Mayer
Phone
8586271400
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The foundation, under the provisions of asc 740, income taxes, had no uncertain tax positions requiring accrual as of march 31, 2015 and 2014. The foundation's tax returns are subject to review and examination by federal and state authorities. The foundation is no longer subject to income tax examinations by taxing authorities for years before 2011 for its federal filing and for years before 2010 for its state filings.

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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/Desc0IMPLANTABLE MYOELECTRIC SENSOR (IMES I + CLINICAL):INITIALLY, THE "IMES" PROJECT WAS A CONSORTIUM PROJECT WITH THE FOLLOWING PARTNERS: NORTHWESTERN UNIVERSITY, THE ILLINOIS INSTITUTE OF TECHNOLOGY, AND SIGENICS (A CLOSELY HELD ENGINEERING COMPANY). THE INITIAL FUNDING FOR THE IMES PROGRAM WAS COMING FROM THE NATIONAL INSTITUTES FOR BIOMEDICAL IMAGING AND BIOENGINEERING (NIBIB) AND THE NATIONAL INSTITUTE OF CHILD HEALTH AND HUMAN DEVELOPMENT (NICHD), AS WELL AS, THE DEFENSE ADVANCED RESEARCH PROJECTS AGENCY (DARPA). IN 2008, AMF ASSUMED CONTROL AND RESPONSIBILITY FOR THE ENTIRE PROJECT, PERFORMING MISSION CRITICAL ENGINEERING TASKS AND PREPARING FOR AND CONDUCTING A CLINICAL TRIAL. THE IMES SYSTEM IMPLANTED IN THE RESIDUAL LIMB OF A LIMB AMPUTEE WOULD TRANSMIT MUSCLE SIGNALS TO THE WEARABLE PROSTHESIS TO PERMIT CONTROL OF THE PROSTHESIS IN A MORE NATURAL AND INTUITIVE MANNER. STATUS:AMF HAS QUALIFIED THE FIRST GENERATION IMES SYSTEM FOR A CLINICAL TRIAL WITH UPPER LIMB AMPUTEES. A CLINICAL TRIAL PROTOCOL WAS DEVELOPED AND FDA APPROVAL WAS OBTAINED. THREE PATIENTS HAVE BEEN IMPLANTED AT WALTER REED NATIONAL MILITARY MEDICAL CENTER ("WALTER REED") AND HAVE REPORTED THAT THE NEW EQUIPMENT MADE AVAILABLE TO THEM DURING THE STUDY HAS IMPROVED THEIR QUALITY OF LIFE. AMF SUPPORTS THIS CLINICAL TRIAL DIRECTLY WITH FREQUENT ON-SITE VISITS BY AMF PERSONNEL, WHO WORK IN CONJUNCTION WITH PHYSICIANS AND OTHER CAREGIVERS AT WALTER REED. AMF ALSO HAS TWO GRANT APPLICATIONS PENDING TO FUND ADDITIONAL CLINICAL STUDIES AT WALTER REED WHICH WILL INVOLVE LOWER LIMB AMPUTEES AND TRANSHUMERAL AMPUTEES. DURING 2014 AMF ALSO CONTINUED SUPPORTING A COLLABORATION WITH OSSUR, A MAKER OF LOWER-LIMB PROSTHETICS AND OTHER ORTHOTIC DEVICES, WHERE TWO LOWER LIMB AMPUTEE/PATIENTS WERE IMPLANTED WITH IMES DEVICES. ADDITIONALLY, AMF ENTERED INTO A COLLABORATION AGREEMENT WITH OTTOBOCK, THE WORLD'S LARGEST MAKER OF PROSTHETIC DEVICES (BOTH UPPER AND LOWER LIMB), TO EVALUATE IMES DEVICES IN CONNECTION WITH A TRANSHUMERAL (UPPER LIMB) AMPUTEE, WHERE THREE PATIENTS WERE IMPLANTED WITH IMES. THE OSSUR STUDY IS BEING CONDUCTED IN ICELAND, AND THE OTTOBOCK STUDY IS BEING CONDUCTED IN AUSTRIA, AT EUROPE'S LARGEST HOSPITAL, VIENNA GENERAL HOSPITAL, UNDER THE AUSPICES OF DR. OSKAR ASZMANN OF THE CHRISTIAN DOPPLER LABORATORY FOR RESTORATION OF EXTREMITY FUNCTION, MEDICAL UNIVERSITY OF VIENNA.
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IRS990/Form990PartVIISectionAGrp/PersonNm1RICHARD WAUGH
IRS990/Form990PartVIISectionAGrp/PersonNm2MARI DANIHEL
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IRS990/Form990PartVIISectionAGrp/PersonNm4BRIAN MANN
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IRS990/Form990PartVIISectionAGrp/PersonNm6FARAH BOROOMAND
IRS990/Form990PartVIISectionAGrp/PersonNm7MARK CHAMBERLAIN
IRS990/Form990PartVIISectionAGrp/PersonNm8JOHN PETROVICH
IRS990/Form990PartVIISectionAGrp/PersonNm9MICHAEL PERRIN
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IRS990/Form990PartVIISectionAGrp/PersonNm11JAMES WOLFE
IRS990/Form990PartVIISectionAGrp/PersonNm12GLEN GRIFFITH PRINCIPAL
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IRS990/Form990PartVIISectionAGrp/TitleTxt8GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt9VP, QUALITY AND REGULATORY
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRINCIPAL SCIENTIST
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRINCIPAL DESIGN ENGINEER
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IRS990/MissionDesc0THE ALFRED E. MANN FOUNDATION FOR SCIENTIFIC RESEARCH IS A MEDICAL RESEARCH ORGANIZATION DEDICATED TO DEVELOPING AND COMMERCIALIZING INNOVATIVE SOLUTIONS FOR SIGNIFICANT UNMET MEDICAL CONDITIONS.
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IRS990/ProgramServiceRevenueGrp/Desc0RESEARCH GRANT INCOME
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IRS990/ProgSrvcAccomActy2Grp/Desc0ADVANCED TECHNOLOGY PROJECTS: THE TEAM IS COMPRISED OF RESEARCH SCIENTISTS, ENGINEERS, LEGAL AND INTELLECTUAL PROPERTY EXPERTS, BUSINESS STRATEGISTS AND ANALYSTS WHO MONITOR AND EVALUATE NEW TECHNOLOGIES AND NEW PROJECT IDEAS AND CONCEPTS BEFORE THEY ARE ELEVATED TO THE STATUS OF FULL-FLEDGED DEVELOPMENT PROGRAMS. THE GROUP ALSO PROVIDES BUSINESS PLANNING SUPPORT FOR MORE MATURE AMF PROGRAMS THAT ARE ON THEIR WAY TO BEING COMMERCIALIZED. AMF HAS SEVERAL RESEARCH AND DEVELOPMENT EFFORTS UNDER WAY IN THIS GROUP THAT ARE DIRECTED AT DEVELOPING ADVANCED TECHNOLOGIES AND CONCEPTS, INCLUDING INNOVATIVE USES FOR PRESSURE SENSORS TO PROVIDE FEEDBACK FOR ROBOTIC PROSTHETIC LIMBS, NOVEL PACKAGING AND MANUFACTURING PROCESSES FOR IMPLANTABLE DEVICES, AND IMPLANTABLE PUMPS AND SENSORS. STATUS:AS THE PROJECTS ARE IN INITIAL FEASIBILITY OR PROOF-OF-CONCEPT STAGE FOR THE MOST PART, EXPENDITURES ON ANY INDIVIDUAL PROJECT ARE LIMITED. SUCCESSFUL PROJECTS ARE SCREENED FOR ELEVATION TO DEVELOPMENT PROGRAM STATUS, OR TO BE FINANCED IN SPINOUT COMPANIES BY THIRD PARTIES. UNSUCCESSFUL EFFORTS ARE TERMINATED. DURING THE PREVIOUS PERIOD A NUMBER OF NEW INNOVATIVE PROJECTS HAVE BEEN EVALUATED BY THE TEAM. SEVERAL NEW AND PROMISING AREAS WERE EVALUATED AND ONE OR MORE WILL BECOME FORMAL PROJECTS IN 2015.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt03532973
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt026010
IRS990/ProgSrvcAccomActy3Grp/Desc0IMPLANTABLE MYOELECTRIC SENSOR II (IMES II):THE INITIAL COLLABORATION WAS RE-VITALIZED TO COMMENCE RESEARCH AND DEVELOPMENT WORK ON A SECOND GENERATION OF IMES, (PARTIALLY SUPPORTED BY A GRANT FROM THE NATIONAL INSTITUTES OF HEALTH) WHICH WILL CONTAIN ADVANCED FEATURES TO IMPROVE MEDICAL OUTCOMES AT NO ADDITIONAL COST TO THE PATIENT OR HEALTHCARE SYSTEM. INITIAL DESIGN IS COMPLETE WITH MAJOR FOCUS BEING ON THE DEVELOPMENT OF A CUSTOM INTEGRATED CIRCUIT.STATUS: THE FINAL DESIGN OF THE CUSTOM INTEGRATED CIRCUIT IS COMPLETE AND IS UNDERGOING FABRICATION. PERIPHERAL DEVICES THAT INCLUDE A TELEMETRY CONTROLLER MODULE THAT RELAYS MUSCLE SIGNALS TO THE PROSTHETIC, AND A CLINICIAN PROGRAMMER HAVE PASSED THE FIRST DESIGN REVIEW. PRODUCTION TEST SYSTEMS ARE BEING CONSTRUCTED TO PREPARE FOR FINAL SYSTEM VERIFICATION AND VALIDATION. PRODUCT QUALIFICATION IS PLANNED FOR CALENDAR YEAR 2016.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt02996319
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0573686
IRS990/ProgSrvcAccomActyOtherGrp/Desc0LEADED IMPLANTABLE MYOELECTRIC SENSOR (LIMES):AMF HAS RECEIVED FUNDING FROM DARPA TO DEVELOP A DERIVATIVE VERSION OF THE IMES DEVICE, BY ATTACHING A LEAD TO THE IMES CAPSULE. THE LEAD SIGNIFICANTLY EXTENDS THE BENEFITS OF IMES, PARTICULARLY WHEN THE TARGETED RESIDUAL MUSCLE IS OF INSUFFICIENT SIZE TO SUPPORT THE IMPLANTATION OF THE CAPSULE. THIS PROJECT WILL QUALIFY BIPOLAR LEAD ATTACHMENT PROCESSES AND SATISFY TECHNICAL REQUIREMENTS FOR INTENDED USE IN HUMANS. STATUS: THE PROJECT IS ON SCHEDULE FOR COMPLETION IN 2015 WITH MAJOR ACTIVITIES COMPLETED IN 2014, INCLUDING THE PRODUCTION BUILD AND INITIAL QUALIFICATION TESTING OF THE IMPLANT. DESIGN, DEVELOPMENT, AND FINAL TESTING WERE COMPLETED WITH THE FINAL REPORTS PREPARED. MANUFACTURING DOCUMENTATION IS COMPLETE AND PRODUCT CAN BE BUILT AS NEEDED (EXPENSES OF $989,876).SLEEP APNEA:AS PART OF ADVANCED TECHNOLOGY RESEARCH, AMF IS INVESTIGATING THE NEED FOR NEWER METHODS TO TREAT OBSTRUCTED SLEEP APNEA (OSA). OSA IS A POORLY TREATED MEDICAL CONDITION WHERE CURRENT TREATMENT OPTIONS ARE POORLY ADOPTED AND WHEN ADOPTED, HAVE SIGNIFICANTLY POOR COMPLIANCE RATES. THE AIM OF THE AMF PROGRAM IS TO DETERMINE IF NEUROSTIMULATION CAN IMPROVE MEDICAL OUTCOMES AT A LOWER COST THAN CURRENTLY AVAILABLE TREATMENT OPTIONS. SUCH A DEVICE WOULD BE FULLY IMPLANTED WITH SEAMLESS OPERATION REQUIRING MINIMAL INTERACTION FROM A PATIENT, THEREBY OFFERING A LEVEL OF COMPLIANCE AND EFFICACY FAVORABLE TO GOLD STANDARD TREATMENTS, BUT DELIVERING SUPERIOR HEALTHCARE OUTCOMES RESULTING FROM CONSISTENT ADHERENCE. STATUS:A COMPREHENSIVE HEALTHCARE ECONOMIC ANALYSIS WAS PERFORMED THIS YEAR DEMONSTRATING A NEED FOR A TOLERABLE TREATMENT. THE PERFORMANCES OF IMPLANTED TECHNOLOGIES ARE BEING EVALUATED THIS YEAR (EXPENSES OF $71,955).RADIO FREQUENCY MICROSTIMULATOR (RFM):RFM IS A SYSTEM OF DEVICES INTENDED TO STIMULATE NERVES TO CONTROL MUSCLE MOVEMENT IN PATIENTS WHO HAVE EXPERIENCED A DEBILITATING MUSCLE/NERVE INJURY OR DISEASE. THE SYSTEM CONSISTS OF IMPLANTED MICROSTIMULATORS, SURGICAL TOOLS USED TO IMPLANT THE MICROSTIMULATORS, EXTERNAL COMPONENTS USED TO POWER THE IMPLANTED MICROSTIMULATORS (A CONTROL UNIT AND RF COIL), AND A LAPTOP WITH CUSTOM SOFTWARE USED TO PROGRAM THE MICROSTIMULATORS. STATUS:AFTER RECEIVING IDE APPROVAL FROM THE FDA ON JUNE 4, 2012 FOR A CLINICAL STUDY FOR IMPROVEMENT OF ARM FUNCTIONS FOLLOWING TRAUMATIC BRAIN INJURY, AMF HAS COMPLETED THE SINGLE PATIENT TRIAL AND HAS CLOSED THE STUDY. PATIENT RESULTS WERE WITHIN THE EXPECTED RANGE (EXPENSES OF $18,755).FUNCTION ELECTRICAL BATTERY POWERED MICROSTIMULATOR (FEBPM):THE FEBPM PROGRAM (FORMERLY THE BATTERY POWERED MICROSTIMULATOR (BPM) PROGRAM) IS THE DEVELOPMENT OF THE NEXT-GENERATION MICROSTIMULATOR SYSTEM. IT IS DESIGNED FOR A WIDE RANGE OF MEDICAL APPLICATIONS INCLUDING LOCALIZED INDIVIDUAL MUSCLE CONTROL AND ORCHESTRATED MUSCLE GROUP CONTROL. THE PRESENT MICROSTIMULATOR (RFM - SEE ABOVE) IS POWERED AND CONTROLLED THROUGH AN EXTERNAL RF FIELD AND ONLY A FEW MICROSTIMULATORS CAN BE CONTROLLED AT ONCE USING A CONTROL ALGORITHM INSTALLED ON A PC AND UTILIZING LIMITED ACTIVITY SEQUENCES. BY CONTRAST, THE FEBPM IMPLANT HAS ITS OWN POWER SUPPLY WHICH CAN BE RECHARGED AS NEEDED AND THEN CAN OPERATE FOR PERIODS OF TIME. NUMEROUS FEBPM'S CAN BE COMMUNICATED WITH AND CONTROLLED USING ONE EXTERNAL CONTROLLER. FUTURE VERSIONS OF THE FEBPM SYSTEM MAY ALSO CONTAIN SENSORS CAPABLE OF COMMUNICATING BACK TO THE CONTROLLER TO DELIVER VARIOUS TYPES OF INFORMATION USED FOR SYSTEM OPERATION.STATUS:BASED ON OTHER PRIORITIES WITH IN AMF THE FEBPM PROGRAM WAS TEMPORALLY SLOWED DOWN WHILE FOCUS WAS PLACED ON OTHER PROGRAMS (EXPENSES $8,713).
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$353$6.39$347$18.1$41.8$23.6
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$373$6.67$366$44.1$31.8$12.3
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$345$6.00$339$31.1$22.8$8.23
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$374$2.65$372$129$18.1$110
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$307$2.73$305$226$22.4$204
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.1$11.5$47.6$2.31$13.9$11.5
2019Summary only. Only limited summary data is available for this year.$93.5$7.10$86.4$0.33$8.04$7.71
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.0$0.66$49.4$0.43$13.1$12.6
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$63.5$1.65$61.9$0.99$15.3$14.4
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$82.1$8.16$74.0$4.54$17.3$12.7
2015Detailed filing. Detailed filing data is available for this year.$109$15.2$93.4$7.59$17.9$10.3
2014Detailed filing. Detailed filing data is available for this year.$115$11.2$104$19.6$24.2$4.56
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$122$15.4$106$22.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$127$14.9$112$24.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$149$15.5$134$22.0
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $100M-$250M nonprofits