2023-05-15T15:30:43-05:00 2022-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2021-07-01 474830465 ADVANCED FUNCTIONAL FABRICS OF AMERICA INC ADVA 6174466738 12 EMILY STREET 2 CAMBRIDGE MA 02139 DONALD NADREAU CFOO 6174466738 2023-05-15 1 DONALD NADREAU XXX-XX-XXXX THOMAS F MULDOON CPA P01561688 5083669100 2023-05-15 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DONALD NADREAU 12 EMILY STREET 2 CAMBRIDGE MA 02139 20671174 0 X GO.AFFOA.ORG X 2015 MA AFFOA IS A PUBLIC-PRIVATE PARTNERSHIP AMONG GOVERNMENT, ACADEMIA AND INDUSTRY, ESTABLISHED TO BUILD AND SUSTAIN U.S. GLOBAL LEADERSHIP IN THE REVOLUTIONARY FIBERS AND TEXTILES INDUSTRY BY ACCELERATING THE WIDESPREAD COMMERCIALIZATION OF HIGHLY FUNCTIONAL ADVANCED FIBERS AND TEXTILES FOR DEFENSE AND COMMERCIAL MARKETS. 12 8 40 8 0 0 23927686 19385108 660418 1286066 0 0 0 0 24588104 20671174 0 0 0 0 5232700 6191549 0 0 0 19264357 16726184 24497057 22917733 91047 -2246559 14465650 14680025 5552023 8012957 8913627 6667068 X AFFOA IS A PUBLIC-PRIVATE PARTNERSHIP AMONG GOVERNMENT, ACADEMIA AND INDUSTRY, ESTABLISHED TO BUILD AND SUSTAIN U.S. GLOBAL LEADERSHIP IN THE REVOLUTIONARY FIBERS AND TEXTILES INDUSTRY BY ACCELERATING THE WIDESPREAD COMMERCIALIZATION OF HIGHLY FUNCTIONAL ADVANCED FIBERS AND TEXTILES FOR DEFENSE AND COMMERCIAL MARKETS. 0 0 22178921 1286066 ADVANCED FUNCTIONAL FABRICS OF AMERICAN (AFFOA) AIMS TO ESTABLISH A MANUFACTURING INNOVATION INSTITUTE IN THE AREA OF REVOLUTIONARY FIBERS AND TEXTILES AS A PUBLIC PRIVATE PARTNERSHIP BETWEEN GOVERNMENT, ACADEMIA AND INDUSTRY. AFFOA WILL BE A NATIONWIDE NETWORK ADDRESSING THE SPECTRUMS OF MANUFACTURING CHALLENGES ASSOCIATED WITH THE FIBER AND TEXTILE INDUSTRY FROM CONCEPT TO END PRODUCTS. THIS INSTITUTE, WITH THE HELP OF THE FEDERAL GOVERNMENT FUNDING WILL BRING ACADEMIA, GOVERNMENT LABORATORIES, NON-PROFIT ORGANIZATION AND INDUSTRIES (SMALL, MEDIUM BUSINESSES AND LARGE CORPORATIONS) UNDER ONE UMBRELLA SO THAT THE CURRENT FRAGMENTED U.S. CAPABILITIES BECOME ONE COHERENT ECOSYSTEM. THE PRINCIPAL OBJECTIVE OF THE INSTITUTE IS TO DEVELOP AND SCALE CRITICAL MANUFACTURING PROCESSES FOR THE REVOLUTIONARY FIBER AND TEXTILES AND TAKE THEM FROM MRL-4 TO MRL-7. AFFOA WILL ALSO PROVIDE GUIDANCE AND SERVE AS A TRANSITION PARTNER TO ACCELERATE LOWER MRL ACTIVITIES. FIBERS AND TEXTILES INDUSTRY, PREDOMINATELY A LABOR-INTENSIVE INDUSTRY, HAS BEEN LOSING GLOBAL MARKET SHARE AND US MANUFACTURING JOBS FOR THE PAST FOUR DECADES. CONCOMITANT WITH THE DECLINE HAS BEEN THE LOSS OF INFRASTRUCTURE FOR NEW DEVELOPMENT, INCLUDING LAB-SCALE AND PILOT LINE FACILITIES, AND THE KNOWLEDGE BASE IN THESE AREAS FOR THE MANUFACTURING SECTOR. ALSO, A VACUUM HAS BEEN CREATED IN THE TALENT POOL ESSENTIAL TO REVIVING THE FIBER AND TEXTILE MANUFACTURING SECTOR. THESE AREAS NEED STRATEGIC INVESTMENT TO SEED AND GROW THE MANUFACTURING BASE FOR ADVANCED FIBERS AND TECHNICAL TEXTILES INDUSTRY IN THE COUNTRY. AFFOA WILL SERVE AS THE ONE-STOP NETWORK FOR FIBERS AND TEXTILE MANUFACTURERS, SYSTEM INTEGRATORS, COMPANIES DESIGNING AND DEVELOPING PRODUCTS USING FIBER/TEXTILES FOR VARIOUS APPLICATIONS SUCH AS APPAREL, FURNITURE AND UPHOLSTERY, TECHNICAL TEXTILES, ADVANCED SOLDIER AND WAR FIGHTER PROTECTION, SPACE AND AVIATION, AUTOMOTIVE, PERSONAL AND PROPERTY PROTECTION, COMPOSITES, GEOTEXTILES, SPORTS AND LEISURE, MEDICAL APPLICATIONS, AGRICULTURE AND BUILDINGS. TO ENABLE THIS MANUFACTURING-BASED REVOLUTION, AFFOA'S GOAL IS THE TRANSFORMATION OF TRADITIONAL FIBERS, YARNS AND TEXTILES INTO HIGHLY SOPHISTICATED INTEGRATED AND NETWORKED DEVICES AND SYSTEMS. TO PURSUE THIS MISSION, AFFOA WILL ADDRESS THE SPECTRUM OF MANUFACTURING CHALLENGES ASSOCIATED WITH VOLUME MANUFACTURING OF REVOLUTIONARY FIBERS AND TEXTILES FROM CONCEPT TO END PRODUCTS THROUGH DELIBERATE PLANS, PROJECTS AND PROGRAMS. AFFOA PROVIDES AN UNPRESENTED CAPABILITY TO RAPIDLY AND FLEXIBLY PRODUCE END-ITEM PROTOTYPES THROUGH ITS UNIQUE COLLABORATIVE INFRASTRUCTURE (FIN) AND SUITE OF COMPUTATIONAL DESIGN TOOLS THAT ARE THE FOCUS OF AFFOA'S DEVELOPMENT EFFORT. AFFOA WILL ENABLE AGILE MANUFACTURING INNOVATION AND TRANSFER, PROTOTYPING AND PILOT PRODUCTION FACILITIES FOR RAPID PRODUCT AND PROJECT EXECUTION, WORKFORCE EDUCATION, AND DEDICATED STARTUP INCUBATORS DRIVING INNOVATION FOR THE ENTIRE U.S. INDUSTRY. IN ADDITION TO ADVANCING THE TEXTILE MANUFACTURING SECTOR, AFFOA IS STRUCTURED TO BECOME SELF-SUSTAINING BY THE END OF FIVE YEARS OR EARLIER. 22178921 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 32 0 1 40 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 8 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 0 1 1 0 MA X DONALD NADREAU 6174466738 12 EMILY STREET NO 2 CAMBRIDGE MA 02139 ALEXANDER STOLYAROV CEO/PRESIDENT 50.00 X X 357487 0 33606 PAUL KERN DIRECTOR/CHAIR 2.00 X X 75000 0 0 JOHN FRY DIRECTOR 2.00 X 7500 0 0 WALTER BRADFORD SMITH DIRECTOR 2.00 X 7500 0 0 ERIC SPACKEY DIRECTOR 2.00 X 0 0 0 CHARLES HOWLAND DIRECTOR 2.00 X 0 0 0 NORMAN CHAPMAN DIRECTOR 2.00 X 0 0 0 IRA MOSKOWITZ DIRECTOR 2.00 X 0 0 0 DR JOYCE BROWN DIRECTOR 2.00 X 0 0 0 CARLOYN KIRK DIRECTOR 2.00 X 0 0 0 DAVID WHEELER DIRECTOR 2.00 X 0 0 0 KRYSTYN VAN VLIET DIRECTOR 2.00 X 0 0 0 JENNIFER MCCABE GENERAL COUNSEL/SECRETARY 25.00 X 202650 0 0 DONALD NADREAU CFOO 40.00 X 56584 0 6396 MICHELLE FARRINGTON CHIEF TECHNOLOGY OFFICER 40.00 X 285058 0 16487 JOHN KNOX VP ENGINEERING 40.00 X 215067 0 30818 NATASHA SPACKEY VP NEW BUSINESS DEV & PARTNERSHIPS 40.00 X 211303 0 18415 MIHAI IBANESCU DIRECTOR SYSTEMS ENGINEERING 40.00 X 192422 0 28165 YTSHAK AVRAHAMI VP MFG OPERATIONS 40.00 X 204763 0 33330 1815334 0 167217 27 0 1 0 CLIFTON LARSON ALLEN LLP INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 ACCOUNTING SERVICES 429936 RTI PO BOX 900002 RALEIGH NC 27675 DATA MANAGEMENT & SERVICES 125218 2 19117045 268063 19385108 MEP 541700 1156145 1156145 MEMBERSHIP REVENUE 541700 129921 129921 1286066 20671174 1286066 0 0 X 1127326 997326 130000 3407547 3404077 3470 265609 265609 1045083 1045083 345984 345984 481306 481306 62300 62300 11108642 11108642 340973 299818 41155 1146890 1146890 141249 117529 23720 2197203 2197203 133492 133492 MISCELLANEOUS 783778 253463 530315 SUPPLIES AND MATERIALS 330351 320199 10152 22917733 22178921 738812 0 4514918 2331492 4936061 8956682 387616 562542 56720 33415 10166659 7370765 4570335 2795894 14465650 14680025 4566421 5328434 152826 353031 832776 2331492 5552023 8012957 X 7510673 4996051 1402954 1671017 8913627 6667068 14465650 14680025 -2246559 0 X X 0 1 X 1 1 1 X 13420165 18119616 14480126 23927686 19385108 89332701 13420165 18119616 14480126 23927686 19385108 89332701 89332701 89332701 4329726 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 832776 1498716 2331492 1 4386508 2055072 2331436 5689919 5225461 464458 90232 90232 0 2795894 X 21111880 440706 440706 20671174 0 20671174 23358439 440706 440706 22917733 0 22917733 PART X, LINE 2: AFFOA ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AFFOA HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2022. AFFOA'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. X X X 0 0 0 0 0 0 0 0 0 ALEXANDER STOLYAROV CEO/PRESIDENT 327487 0 30000 0 0 0 17400 0 16206 0 391093 0 0 0 MICHELLE FARRINGTON CHIEF TECHNOLOGY OFFICER 275058 0 10000 0 0 0 16487 0 0 0 301545 0 0 0 JOHN KNOX VP ENGINEERING 215067 0 0 0 0 0 13148 0 17670 0 245885 0 0 0 YTSHAK AVRAHAMI VP MFG OPERATIONS 197263 0 7500 0 0 0 12265 0 21065 0 238093 0 0 0 NATASHA SPACKEY VP NEW BUSINESS DEV & PARTNERSHIPS 211303 0 0 0 0 0 12288 0 6127 0 229718 0 0 0 MIHAI IBANESCU DIRECTOR SYSTEMS ENGINEERING 192422 0 0 0 0 0 11871 0 16294 0 220587 0 0 0 JENNIFER MCCABE GENERAL COUNSEL/SECRETARY 0 0 0 0 202650 0 0 0 0 0 202650 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MASSACHUSETTS INSTITUTE OF TECHNOLOGY, A NONPROFIT CORPORATION, AS THE SOLE MEMBER HAS THE POWER TO ELECT BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER HAS THE POWER TO ELECT BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER HAS THE RIGHT TO APPROVE AMENDMENTS TO THE ORGANIZING DOCUMENTS AND BY-LAWS, AS WELL AS THE RIGHT TO APPROVE DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11B MIT, A RELATED PARTY, REVIEWS THE 990, ALONG WITH THE AFFOA MANAGEMENT (INCLUDING THE TREASURER). FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE MIT (RELATED PARTY) LEGAL/TAX DEPARTMENT SEND A CONFLICT OF INTEREST QUESTIONAIRE TO ALL BOARD MEMBERS AND OFFICERS, COMPILES, REVIEWS AND REPORTS THE RESPONSES TO AFFOA MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 15 IN DETERMINING THE COMPENSATION FOR THE CEO, CHAIRMAN OF THE BOARD AND OTHER OFFICERS OF THE CORPORATION, AFFOA LOOKED TO THE COMPARABLE SALARIES OF OTHER SIMILARLY SITUATED COMPANIES. THE PROCESS OF DETERMINING COMPENSATION AND THE REMUNERATION TO BE PAID TO THE CHAIRMAN WAS APPROVED BY 2 INDEPENDENT MEMBERS OF THE CORPORATION'S COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ALL DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 2,991,926. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,991,926. SUBCONTRACTORS: PROGRAM SERVICE EXPENSES 8,116,716. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,116,716. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT. MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVENUE CAMBRIDGE MA 02139 042103594 RESEARCH AND EDUCATION MA 501(C)(3) LINE 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0