2024-08-09T13:44:42+00:00 2023-09-30 440160260 Forvis Mazars LLP 1222 Demonbreun St Suite 950 Nashville TN 372033357 990 2022-10-01 883325386 Metals Innovation Initiative Inc META 7703786670 2413 NASHVILLE RD Suite B8 BOWLING GREEN KY 42101 VIJAY KAMINENI CEO 7703786670 2024-08-09 true Jeff Smith P00289876 6154549800 2024-06-15 2022 2024-08-08 14:25:15Z VIJAY KAMINENI 2413 NASHVILLE RD Suite B8 BOWLING GREEN KY 42101 1081419 false X https://mi2ky.org/ X 2022 KY TO FACILITATE ECOSYSTEM COLLABORATION FOR METALS-RELATED R&D, TECHNOLOGY COMMERCIALIZATION, TALENT & WORKFORCE DEVELOPMENT, AND INFORMATION SHARING IN KENTUCKY. 10 10 0 0 0 0 285000 1000837 0 76385 1 4047 0 150 285001 1081419 0 0 0 0 0 0 0 0 47422 3470 654578 3470 654578 281531 426841 281531 578128 0 202940 281531 375188 TO FACILITATE ECOSYSTEM COLLABORATION FOR METALS RELATED R&D, TECHNOLOGY COMMERCIALIZATION, TALENT & WORKFORCE DEVELOPMENT, AND INFORMATION SHARING IN KENTUCKY. false false 531301 76385 MI2 WAS FOUNDED TO FACILITATE AN ECOSYSTEM FOR METALS INNOVATION. ACTIVITIES INCLUDE FACILITATING ECOSYSTEM COLLABORATION FOR METALS-RELATED PRECOMPETITIVE R&D, TECHNOLOGY COMMERCIALIZATION, TALENT & WORKFORCE DEVELOPMENT, INFORMATION SHARING, ENTREPRENEURIAL ACTIVITY, AND SUPPLY CHAIN DEVELOPMENT. SEE SCHEDULE O FOR ADDITIONAL INFORMATION. MI2'S INITIAL GEOGRAPHIC FOCUS IS THE KY ECOSYSTEM, WITH THE INTENT TO BROADEN IMPACTS TO ADDITIONAL STATES AND REGIONS OVER TIME. ECOSYSTEM PARTICIPANTS INCLUDE A WIDE RANGE OF STAKEHOLDERS, MEMBER COMPANIES AND PARTNER ORGANIZATIONS. MEMBER COMPANIES INFORM MI2'S PRIORITIES AND PARTICIPATE IN PRECOMPETITIVE ACTIVITIES. PARTNER ORGANIZATIONS HAVE AN INTEREST IN CONNECTING TO THE METALS ECOSYSTEM AND PROVIDE ACCESS TO RESOURCES. CURRENT ACTIVITIES INCLUDE: 1. ECOSYSTEM BUILDING - OUTREACH TO BUILD, MAINTAIN, AND FACILITATE CONNECTION TO A DIVERSE METALS ECOSYSTEM THROUGH EVENTS, MEETING WITH MEMBERS AND PARTNER ORGANIZATIONS, AND DISSEMINATION OF INFORMATION. CONVENING INDUSTRY MEMBERS SET HIGH-LEVEL PRIORITIES FOR PRECOMPETITIVE COLLABORATION. THE MEMBER LEADERSHIP COUNCIL (MLC) IS COMPRISED OF UP TO 15 REPRESENTATIVES FROM MEMBER COMPANIES AND INFORMS MI2'S ANNUAL STRATEGIC PLAN. 2. STRATEGY GROUP FACILITATION - FACILITATING TOPICAL STRATEGY GROUP PARTICIPATION TO IDENTIFY PRE-COMPETITIVE COLLABORATION OPPORTUNITIES. THERE ARE CURRENTLY FIVE STRATEGY GROUPS WITH DIFFERENT FOCUS AREAS. SUCH AREAS ARE EXPECTED TO EVOLVE OVER TIME IN RESPONSE TO CHANGING PRIORITIES. 3. PROJECT TEAM FACILITATION - FACILITATION OF TEAMS (MEMBERS, PARTNERS, CONTRACTORS) AND PROVIDING PROJECT MANAGEMENT SERVICES FOR PRECOMPETITIVE PROJECT ACTIVITIES. MI2'S PROJECT PORTFOLIO EVOLVES CONTINUALLY AND CURRENTLY INCLUDES 14 PROJECT GROUPS. FUTURE ACTIVITIES INCLUDE: 1. FEDERAL PROGRAMS - MI2 WILL SEEK FEDERAL FUNDING TO ADVANCE METALS-RELATED R&D, TECHNOLOGY COMMERCIALIZATION, TALENT & WORKFORCE DEVELOPMENT, INFORMATION SHARING, ENTREPRENEURIAL ACTIVITY, AND SUPPLY CHAIN DEVELOPMENT. MI2 ANTICIPATES WORKING AS A SUBCONTRACTOR ON PARTNERS' FEDERALLY FUNDED PROJECTS AND LEADING PROPOSALS TO FEDERAL AGENCIES. 2. SPECIALIZED TECHNICAL AND CONSULTING SERVICES - MI2 MAY PROVIDE SPECIALIZED METALS INNOVATION SERVICES THAT ARE NOT READILY AVAILABLE WITHIN THE ECOSYSTEM, SUCH AS ACQUIRING EQUIPMENT FOR SPECIALIZED METALS TESTING OR PROVIDING METALS INNOVATION CONSULTING. SUCH SERVICES WILL NOT COMPETE WITH EXISTING COMMERCIAL CAPABILITIES AVAILABLE WITHIN THE ECOSYSTEM. 531301 true true false false false false false false false true false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 4 0 true 0 false false false false false false false false false false false false X 10 10 false false false false false false false true true false false true true true true false false false false false KY X VIJAY KAMINENI 7703786670 2413 NASHVILLE RD STE B8 BOWLING GREEN KY 42101 X LAURA HAGAN SECRETARY / TREASURER 1.0 0.0 X X 0 0 0 MATTHEW BEDINGFIELD CHAIR 1.0 0.0 X X 0 0 0 BOB EVISTON DIRECTOR 1.0 0.0 X 0 0 0 CHRISTOBAL FUENTES DIRECTOR 1.0 0.0 X 0 0 0 DR TIMOTHY CABONI DIRECTOR 1.0 0.0 X 0 0 0 HENRY GORDINIER DIRECTOR 1.0 0.0 X 0 0 0 MIKE BUCKENTIN DIRECTOR 1.0 0.0 X 0 0 0 MONIQUE KUYKENDOLL QUARTERMAN EX-OFFICIO BOARD MEMBER 1.0 0.0 X 0 0 0 TERRY SAMUEL EX-OFFICIO BOARD MEMBER 1.0 0.0 X 0 0 0 ZAK CHEHAB DIRECTOR 1.0 0.0 X 0 0 0 LELAND LORENTZEN CFO 10.0 0.0 X 0 0 0 SUMMER GOLDMAN COO 10.0 0.0 X 0 0 0 VIJAY KAMINENI CEO 20.0 0.0 X 0 0 0 0 0 0 0 false false false 0 665000 335837 1000837 Conference/Event 900099 76385 76385 0 0 0 0 76385 4047 4047 0 0 0 0 Miscellaneous Revenue 900099 150 150 0 0 0 0 150 1081419 76385 0 4197 X 36556 12185 12185 12186 20297 20297 7960 7960 361891 331424 15234 15233 12920 12920 11048 11048 100000 100000 21252 7085 7084 7083 80607 80607 469 469 1578 1578 0 0 0 0 654578 531301 75855 47422 281531 459741 0 0 0 116151 0 0 0 0 0 0 0 2705 469 0 2236 0 0 0 0 0 0 281531 578128 197940 5000 0 0 0 0 202940 X 281531 375188 0 281531 375188 281531 578128 426841 -333184 0 X X false true X false false X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 0 1000837 1000837 76385 76385 0 0 0 0 0 0 0 1077222 1077222 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1077222 4047 4047 0 0 0 0 0 4047 4047 0 0 0 0 0 150 150 0 0 0 0 1081419 1081419 X 0 0 0 0 0 0 Schedule A, Part III, Line 12 Other Income DESCRIPTION - MISCELLANEOUS INCOME, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 150.0, COLUMN F - 150.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2705 469 2236 2236 0 1327419 246000 0 246000 1081419 0 0 1081419 900578 246000 0 246000 654578 0 0 654578 Form 990, Part VI, Line 11b Review of form 990 by governing body REVIEWING THE FORM 990 ------------------------ AN INDEPENDENT ACCOUNTING FIRM WAS HIRED TO PREPARE THE FORM 990. A COPY OF THE TAX RETURN WAS PROVIDED TO BOARD MEMBERS VIA EMAIL TO REVIEW PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy CONFLICT OF INTEREST POLICY -------------------------------------- THE ORGANIZATION HAS A WRITTEN POLICY AND DISCLOSURE STATEMENT. THE DISCLOSURE STATEMENT IS UPDATED ANNUALLY BY OFFICERS AND DIRECTORS. THE POLICY REQUIRES THAT INDIVIDUALS NOTIFY THE BOARD OF ANY CHANGES THROUGHOUT THE YEAR. THE BOARD OF DIRECTORS WILL REVIEW THE DISCLOSURE WITH THE CEO WHO MAKES THE FINAL DETERMINATION AS TO WHICH INTERESTS ARE IN CONFLICT AND WHICH, IF ANY, CAN BE RESOLVED. BOARD MEMBERS ARE PROHIBITED FROM EXERCISING DECISION MAKING AUTHORITY OR EXERTING INFLUENCE CONCERNING ANY ORGANIZATION OR TRANSACTION IN WHICH THEY OR A FAMILY MEMBER HAVE A PERSONAL INTEREST. IF SUCH CONFLICT ARISES, IT WOULD BE REMOVED BY EITHER REMOVING THE BOARD MEMBER, OR BY ENSURING THIS MEMBER COULD NOT BE INVOLVED IN ANY DECISION MAKING RELATED TO THE CONFLICT. REMOVING THE EMPLOYEE, OR BY ENSURING THIS EMPLOYEE COULD NOT BE INVOLVED IN ANY DECISION MAKING RELATED TO THE CONFLICT. BE REMOVED BY EITHER REMOVING THE EMPLOYEE, OR BY ENSURING THIS EMPLOYEE COULD NOT BE INVOLVED IN ANY DECISION MAKING RELATED TO THE CONFLICT. Form 990, Part VI, Line 19 Required documents available to the public MAKING DOCUMENTS AVAILABLE TO PUBLIC ------------------------------------ GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part IX, Line 11g Other Fees Project Support - Total Expense: 290828, Program Service Expense: 290828, Management and General Expenses: , Fundraising Expenses: ; Structure & Operations - Total Expense: 30467, Program Service Expense: , Management and General Expenses: 15234, Fundraising Expenses: 15233; Sustainability - Total Expense: 30000, Program Service Expense: 30000, Management and General Expenses: , Fundraising Expenses: ; Talent and workforce development - Total Expense: 10000, Program Service Expense: 10000, Management and General Expenses: , Fundraising Expenses: ; Branding - Total Expense: 596, Program Service Expense: 596, Management and General Expenses: , Fundraising Expenses: ; Form 990, Part XII, Line 1 Change of accounting method or other type of acounting method The organization filed an initial short-year return for the period ended 9/30/2022. On that return, the cash method of accounting was selected in Part XII, line 1. The organization had minimal activity for the initial short-year and did not prepare financial statements. For the first full year of activity (10/1/2022 - 9/30/2023), the organization underwent a financial statement audit and prepared financial statements on the accrual basis of accounting. The current Form 990 is prepared on the accrual basis of accounting in order to correspond to the audited financial statements. Since there were no financial statements for the initial short-year, the organization did not officially elect a method of accounting until the first full year of activity when audited financial statements were prepared. Going forward, the organization will continue to report on the accrual basis of accounting.