Nonprofit · EIN 81-3327581
ADVANCED REGENERATIVE MANUFACTURING INSTITUTE INC
Tax-exempt · MANCHESTER, NH 03101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $41,521,294 | $38,916,172 | $2,605,122 | $37,903,038 | $17,623,664 | $20,279,374 |
| December 31, 2023 | 990 | $26,819,069 | $26,309,774 | $509,295 | $29,045,430 | $11,371,178 | $17,674,252 |
| December 31, 2022 | 990 (amended) | $30,061,391 | $27,499,747 | $2,561,644 | $28,649,661 | $11,484,704 | $17,164,957 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $40,029,468
- of which government grants
- $38,802,037
- Program service revenue
- $1,373,869
- Investment income
- $117,957
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $18,273,920
- Compensation of officers, directors and key employees
- $285,570
- Other salaries and wages
- $8,308,609
- Salaries, compensation and benefits (total)
- $10,185,296
- Professional fundraising fees
- $0
- Legal fees
- $14,743
- Accounting fees
- $46,000
- Occupancy
- $1,110,109
- Travel
- $275,189
- Depreciation
- $2,378,338
Balance sheet and other
- Total assets, start of year
- $29,045,430
- Total assets, end of year
- $37,903,038
- Total liabilities, end of year
- $17,623,664
- Net assets, end of year
- $20,279,374
- Land, buildings and equipment
- $10,978,112
- Net assets without donor restrictions
- $20,279,374
- Gross receipts
- $41,521,294
- Employees
- 101
- Volunteers
- 175
- Year formed
- 2016
- State of legal domicile
- NH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jennifer MacDonald | Chief Operating Officer Officer | 40 | $241,212 | $44,358 |
| Richard McFarland | Chief Regulatory Officer Highest-paid employee | 40 | $219,125 | $26,431 |
| Edward Gordon | Chief Commercialization Officer Highest-paid employee | 40 | $193,103 | $37,806 |
| Julie Lenzer | Chief Innovation Officer Highest-paid employee | 40 | $204,908 | $24,984 |
| Daniel Behr | Lead Executive in Residence, HTH Highest-paid employee | 40 | $199,119 | $25,573 |
| Thomas Deyak | Chief Finance Officer Highest-paid employee | 40 | $179,066 | $40,870 |
| Dean Kamen | Executive Director Trustee or director, Officer | 5 | $0 | $0 |
| Martine Rothblatt | Board Member Trustee or director | 1 | $0 | $0 |
| John Abele | Board Member Trustee or director | 1 | $0 | $0 |
| Jim Weinstein | Board Member Trustee or director | 1 | $0 | $0 |
| Blake Moret | Board Member Trustee or director | 1 | $0 | $0 |
| Elisabeth Reynolds | Board Member Trustee or director | 1 | $0 | $0 |
| Winston Oluwole Soboyejo | Board Member Trustee or director | 1 | $0 | $0 |
| Brendan Duffy | Treasurer Officer | 1 | $0 | $0 |
| Maureen Toohey | Deputy Executive Director Officer | 15 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| James Scott | Chief Administrative Officer Officer | 8 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jennifer MacDonald | Chief Operating Officer Officer | 40 | $257,584 | $27,874 |
| Edward Gordon | BioFab Chief Operating Officer Highest-paid employee | 40 | $191,771 | $43,112 |
| Richard McFarland | Chief Regulatory Officer Highest-paid employee | 40 | $194,203 | $28,756 |
| Julie Lenzer | Chief Innovation Officer Highest-paid employee | 40 | $196,065 | $24,973 |
| Michael Orrico | BioFab Startup Lab Manager Highest-paid employee | 40 | $166,835 | $18,170 |
| Karla Talanian | Past Chief Workforce Development Officer Highest-paid employee | 40 | $170,291 | $4,034 |
| Dean Kamen | Executive Director Trustee or director, Officer | 5 | $0 | $0 |
| Martine Rothblatt | Board Member Trustee or director | 1 | $0 | $0 |
| John Abele | Board Member Trustee or director | 1 | $0 | $0 |
| Jim Weinstein | Board Member Trustee or director | 1 | $0 | $0 |
| Blake Moret | Board Member Trustee or director | 1 | $0 | $0 |
| Maureen Toohey | Deputy Executive Director Officer | 15 | $0 | $0 |
| James Scott | Chief Administrative Officer Officer | 15 | $0 | $0 |
| Brendan Duffy | Treasurer Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2022: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Edward Gordon | Chief Operating Officer - BioFab Highest-paid employee | 40 | $192,727 | $35,537 |
| Richard McFarland | Chief Regulatory Officer Highest-paid employee | 40 | $195,289 | $26,263 |
| Julie Lenzer | Chief Innovation Officer Highest-paid employee | 40 | $178,100 | $15,533 |
| Kelly Morbey | Director of Regulatory Affairs &QA Highest-paid employee | 40 | $155,000 | $11,960 |
| Jeremiah Wille | Sr Regulatory Affairs Specialist Highest-paid employee | 40 | $160,000 | $594 |
| Dean Kamen | Executive Director Trustee or director, Officer | 5 | $0 | $0 |
| Martine Rothblatt | Board Member Trustee or director | 1 | $0 | $0 |
| John Abele | Board Member Trustee or director | 1 | $0 | $0 |
| Jim Weinstein | Board Member Trustee or director | 1 | $0 | $0 |
| Blake Moret | Board Member Trustee or director | 1 | $0 | $0 |
| Maureen Toohey | Deputy Executive Director Officer | 25 | $0 | $0 |
| James Scott | Chief Operating Officer Officer | 15 | $0 | $0 |
| Brendan Duffy | Treasurer Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 400 COMMERCIAL ST, MANCHESTER, NH 03101-1113
- Principal officer (990 for 2024)
- Maureen Toohey, 400 Commercial St, Manchester, NH 03101
- Signed the 990
- Jennifer MacDonald, Chief Operating Officer
- Phone
- (603) 666-3905
- Website
- https://www.armiusa.org/
- Return prepared by
- Berry Dunn McNeil & Parker LLC
Mission
ARMI's mission is to support, develop, advance and promote the United States bioeconomy.
Program accomplishments
- ARMI and its BioFabUSA Institute accomplishes its mission through key activities, such as the following:- Collaborates with community, local, State, and Federal stakeholders to advance the U.S bioeconomy and fuel economic growth, including by creating pathways and jobs in the biofabrication industry. - Provides wrap-around commercialization services for tissue engineering and enabling technology companies. These efforts de-risk and accelerate translation of impactful technologies to market.See page 47 Schedule O for continuation. - Funds technical projects that address many of the common manufacturing challenges faced by companies in the field of tissue engineering. This will allow tissue engineering and enabling technology companies to focus their time and resources on product-specific challenges, moving the entire industry forward more quickly and efficiently. - Funds education and workforce development (EWD) projects that address the industry need for trained employees with a broad base of biomanufacturing skills and specific expertise. This pressing need can otherwise constrain the growth of tissue engineering and enabling technology companies. - In coordination with organizations in the field of regenerative manufacturing, develops roadmaps of technical and EWD needs for the field. These roadmaps guide the work of organizations in the field of regenerative manufacturing and guide the selection of projects. - Hosts, sponsors, and participates in conferences and workshops that convene organizations that support regenerative manufacturing. These events allow for shared learning related to technical, regulatory, workforce, and financial challenges and solutions. - Shares information about best practices and innovations in the field via various fora and online resources.NextFab accomplishes its mission through key activities, such as the following: - Develop commercial advisory and consulting programs designed to accelerate adoption of advanced technologies. - Provide shared facilities to accelerate advanced technologies. - Performs projects of interest to U.S. Department of Health and Human Services.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-3327581
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $37,903,038
- Income (IRS master file)
- $41,521,294
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $41,521,294 | $38,916,172 | $37,903,038 | XML |
| 990 | December 2023 | $26,819,069 | $26,309,774 | $29,045,430 | XML |
| 990 | December 2022 | $30,061,391 | $27,499,747 | $28,649,661 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-3327581).
Questions about ADVANCED REGENERATIVE MANUFACTURING INSTITUTE INC
- What is the EIN of ADVANCED REGENERATIVE MANUFACTURING INSTITUTE INC?
- The employer identification number (EIN) of ADVANCED REGENERATIVE MANUFACTURING INSTITUTE INC is 81-3327581.
- Is ADVANCED REGENERATIVE MANUFACTURING INSTITUTE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2018.
- Are donations to ADVANCED REGENERATIVE MANUFACTURING INSTITUTE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ADVANCED REGENERATIVE MANUFACTURING INSTITUTE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ADVANCED REGENERATIVE MANUFACTURING INSTITUTE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ADVANCED REGENERATIVE MANUFACTURING INSTITUTE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ADVANCED REGENERATIVE MANUFACTURING INSTITUTE INC?
- The 990 for the year ended December 31, 2024 names Maureen Toohey.
- Who are the officers and directors of ADVANCED REGENERATIVE MANUFACTURING INSTITUTE INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 6 received compensation from the organization, the highest $241,212 (Jennifer MacDonald, Chief Operating Officer).
- How much revenue does ADVANCED REGENERATIVE MANUFACTURING INSTITUTE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $41,521,294, expenses of $38,916,172 and total assets of $37,903,038 at year end.
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