2022-11-08T10:02:12-06:00 2021-12-31 010452193 BERRY TALBOT ROYER SIX FUNDY ROAD FALMOUTH ME 04105 990 2021-01-01 831372987 INITIATIVE FOR DIGITAL ENGINEERING AND LIFE SCIENCES INIT 2077813445 6 FUNDY ROAD 100 FALMOUTH ME 041051780 CHARLES HEWETT EXECUTIVE DIRECTOR 2076643427 2022-11-03 1 CHARLES HEWETT 999009999 MICHAEL C ROYER CPA MST P00548146 2077813445 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X X CHARLES HEWETT 6 FUNDY ROAD 100 FALMOUTH ME 041051780 14260530 0 X N/A X 2018 ME SEE STATMENTTHE CORPORATION IS SOLELY COMMITTED TO THE PLACEMENT AND OPERATION OF A GRADUATE INSTITUTE INSTRUCTING STUDENTS, CONDUCTING RESEARCH, AND SUPPORTING INNOVATION AND ENTREPRENEURIALISM IN THE FIELDS OF ARTIFICIAL INTELLIGENCE, DIGITAL SCIENCE, GENOMICS AND LIFE SCIENCES IN PORTLAND, MAINE. 3 2 1 2 0 0 400000 14260000 0 0 198 530 0 0 400198 14260530 0 0 0 0 252053 0 0 0 0 260584 166938 512637 166938 -112439 14093592 259960 15604818 24354 1275620 235606 14329198 X SEE STATEMENTTHE CORPORATION IS SOLELY COMMITTED TO THE PLACEMENT AND OPERATION OF A GRADUATE INSTITUTE INSTRUCTING STUDENTS, CONDUCTING RESEARCH, AND SUPPORTING INNOVATION AND ENTREPRENEURIALISM IN THE FIELDS OF ARTIFICIAL INTELLIGENCE, DIGITAL SCIENCE, GENOMICS AND LIFE SCIENCES IN PORTLAND, MAINE. 0 0 14260000 CONDUCTED DUE DILIGENCE AND MASTER PLANNING AND SIGNED PURCHASE AND SALES AGREEMENT TO ACQUIRE 13.5 ACRE B&M BAKED BEANS FACTORY SITE TO CONVERT INTO ROUX CAMPUS. PARTNERED WITH ROUX INSTITUTE AND NORTHEASTERN UNIVERSITY TO PLAN ROUX CAMPUS. SELECTED ARCHITECTURAL FIRM TO DESIGN ROUX INSTITUTE FACILITY. (ALL EXPENDITURES INCLUDING SALARIES CAPITALIZED RATHER THAN REPORTED AS EXPENSES) 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 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 0 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 3 2 1 0 1 0 0 0 0 1 1 0 0 1 0 0 0 1 0 0 X MICHAEL C ROYER CPA MST 2077813445 6 FUNDY ROAD SUITE 100 FALMOUTH ME 04105 DAVID ROUX BOARD CHAIR 10.00 X 0 0 0 BARBARA ROUX BOARD MEMBER 2.50 X 0 0 0 CHARLES HEWETT BOARD MEMBER/EXECUTIVE DIR 40.00 X X 336667 0 0 FORD REICHE CHIEF OPERATING OFFICER 40.00 X 120833 0 0 457500 0 0 2 0 1 0 TSOI KOBUS DESIGN 60 STATE STREET BOSTON MA 02109 ARCHITECTURE 1166261 WOODARD & CURRAN 41 HUTCHINS DRIVE PORTLAND ME 04102 ENGINEERING 221256 BERSTEIN SHUR SAWYER & NELSON PA 100 MIDDLE STREET PORTLAND ME 04101 LEGAL 195230 THORTON TOMASETTI INC 14 YORK STREET PORTLAND ME 04101 ENGINEERING 115513 4 14260000 14260000 530 530 14260530 0 0 530 260 260 32951 32951 4907 4907 20887 20887 77369 77369 11064 11064 19334 19334 DUES AND SUBSCRIPTIONS 166 166 166938 0 166938 0 150489 537744 2023 10670699 28933 1515 80952 41922 52756 39030 19326 13719 6433 4342111 259960 15604818 24354 1275620 24354 1275620 X 235606 14329198 235606 14329198 259960 15604818 14093592 0 X 0 0 0 X 250000 1230000 400000 14260000 16140000 250000 1230000 400000 14260000 16140000 15817148 322852 98 1791 198 530 2617 16142617 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17018 3771 13247 63934 38151 25783 39030 SECURITY DEPOSIT 4856 CONSTRUCTION IN PROGRESS 4337255 4342111 X 0 1 X X 0 0 0 0 0 0 0 0 0 CHARLES HEWETT BOARD MEMBER/EXECUTIVE DIR 200000 0 100000 0 36667 0 0 0 0 0 336667 0 0 0 PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL: ON OCCASION CHARLES HEWETT WILL BE PROVIDED WITH FIRST-CLASS TRAVEL WHEN BUSINESS-CLASS IS NOT AN OPTION WITHIN THE CONFINES OF THE ORGANIZATION'S SCHEDULE. NO PART OF THE VALUE OF FIRST-CLASS TRAVEL WAS TREATED AS TAXABLE COMPENSATION TO CHARLES AS IT IS IN COMPLIANCE WITH THE RULES FOR ACCOUNTABLE PLANS. PART I, LINE 1B THERE IS CURRENTLY NO WRITTEN POLICY REGARDING PAYMENT OR REIMBURSEMENT FOR ITEMS REFERENCED IN LINE 1A. FIRST-CLASS TRAVEL IS PROVIDED, ON OCCASION, TO CHARLES HEWETT WHEN BUSINESS-CLASS IS NOT AN OPTION WITHIN THE CONFINES OF THE ORGANIZATION'S SCHEDULE. IT IS AN UNWRITTEN UNDERSTANDING BETWEEN CHARLES AND THE BOARD OF DIRECTORS THAT WHEN TRAVELING ON BEHALF OF THE ORGANIZATION HE WILL BE PROVIDED WITH AT LEAST BUSINESS-CLASS ACCOMMODATIONS. WHEN SUCH ACCOMMODATIONS ARE UNAVAILABLE, FIRST-CLASS ACCOMMODATIONS WILL BE PROVIDED IN LIEU OF LOWER-CLASS ACCOMMODATIONS OR RESCHEDULING. ALL OF CHARLES' TRAVEL ON BEHALF OF THE ORGANIZATION, FIRST-CLASS OR OTHERWISE, IS A REASONABLE EMPLOYEE BUSINESS EXPENSE THAT IS DEDUCTIBLE UNDER SECTION 162 OR OTHER PROVISIONS OF THE CODE. CURRENTLY, IT IS UNDERSTOOD THAT CHARLES MUST ADEQUATELY ACCOUNT TO THE ORGANIZATION FOR ANY SUCH EXPENSES WITHIN A REASONABLE PERIOD OF TIME, AND CHARLES MUST RETURN ANY EXCESS ALLOWANCE OR REIMBURSEMENT WITHIN A REASONABLE PERIOD OF TIME. THE ORGANIZATION IS CURRENTLY IN THE PROCESS OF DEVELOPING A WRITTEN POLICY FOR FIRST-CLASS TRAVEL AND OTHER POTENTIAL ITEMS FROM LINE 1A AND WILL PUBLISH SUCH A POLICY BEFORE FILING A 2022 FORM 990. FORM 990, PART VI, SECTION A, LINE 2 DAVID ROUX AND BARBARA ROUX ARE MARRIED. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION HAS CHANGED ITS NAME. ATTACHED ARE COPIES OF THE AMENDMENT TO THE ARTICLES OF INCORPORATION AND PROOF OF FILING WITH THE MAINE SECRETARY OF STATE. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR REVIEWS THE 990 FIRST. WHEN THE FIGURES IN THE RETURN ARE APPROVED BY THE EXECUTIVE DIRECTOR THE 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR FINAL APPROVAL. FORM 990, PART VI, SECTION B, LINE 15A CHAIRMAN OF THE BOARD DAVID ROUX RESEARCHED THE SALARIES OF SIMILAR NON-PROFIT ACADEMIC LEADERS AND SELECTED A CORRESPONDING CONSULTING RATE FOR THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 ALL RELEVANT INFORMATION IS ACCESSIBLE IN DIGITAL FORMAT. ANY PERSON LOOKING FOR THIS INFORMATION WILL HAVE ACCESS TO OUR PHONE NUMBER AND MAILING ADDRESS. COPIES ARE AVAILABLE UPON REQUEST.