Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, line 2 | James Scott and Brendan Duffy are employees of DEKA, a company owned by Dean Kamen. Maureen Toohey is a member of the Toohey Law Group. |
| Form 990, Part VI, Section A, line 4 | Effective January 7, 2020, the Board of Directors, by unanimous consent, amended the Articles of Agreement of New Hampshire Nonprofit Corporation to expand the nonprofit purpose of the Advanced Regenerative Manufacturing Institute to "an association of individuals and entities have an interest in supporting, developing, advancing, and promoting the United States bioeconomy." This change allowed the Advanced Regenerative Manufacturing Institute to stand up the Foundry for American BioTechnology (NextFab) - a partially HHS (ASPR Next)-funded institute focused on advancing biotechnology (such as, by way of example, distributed manufacturing technologies and bio security and preparedness). NextFab was established through an Other Transaction Agreement with HHS in February 2020. |
| Form 990, Part VI, Section A, line 6 | ARMI is a membership based organization consisting of organizations with interests and/or experience with regenerative medicine and manufacturing in the United States. |
| Form 990, Part VI, Section B, line 11b | Key members of management review and comment on the 990 and it is distributed to all board members prior to filing with the Internal Revenue Service. |
| Form 990, Part VI, Section B, line 12c | The conflict of interest policy is included on ARMI's internal server, and is posted online on its member portal. Any new employees or officers are provided a copy of this when joining ARMI. Any conflicts are to be reported to the Executive Director or ARMI legal counsel. |
| Form 990, Part VI, Section C, line 19 | Upon Request |
| Form 990, Part VII, Section A: | As part of its startup activities, per its proposal to the government, the Organization (ARMI) does not pay compensation to some of its officers. Instead, these officers are compensated by member organization DEKA, an unrelated third party, through a government cost share agreement between ARMI and DEKA. DEKA does not treat these compensation payments as a charitable contribution to ARMI; therefore, the compensation is not required to be shown on Part VII, Section A, Line 1a. |
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