2018-11-14T16:41:16-06:00 2017-12-31 Grant Thornton LLP 1000 WILSON BLVD SUITE 1400 ARLINGTON VA 22209 990 2017-01-01 520859087 THE ASSOCIATION FOR MANUFACTURING TECHNOLOGY % REBECCA STAHL ASSO 7038932900 7901 Jones Branch Drive Suite 900 McLean VA 22102 REBECCA STAHL CFO 7038275246 2018-11-14 true Mary Torretta P00847851 7038477500 2018-11-14 209.220.136.124 54681420183185000001 2018-11-14 P 3E0FA71403D7812DA32398B6533EF22525212515 93B6A5B2B9E73C0D543A64C04FD842B0CEFC817E 2017 2019-02-21 02:37:17Z DOUGLAS K WOODS 7901 Jones Branch Drive Suite 900 McLean VA 22102 14957967 false X www.amtonline.org X 1902 VA TO PROMOTE THE PROGRESS AND DEVELOPMENT OF HIGH STANDARDS AND STIMULATE THE U.S. MACHINE TOOL INDUSTRY. 13 13 87 13 721052 0 0 0 46613324 8303242 674647 1208662 1293 2938 47289264 9514842 30000 30000 0 0 10395881 10252393 0 0 0 22389187 12587525 32815068 22869918 14474196 -13355076 34482884 35130848 10043952 21006815 24438932 14124033 X SEE SCHEDULE O false false SEE SCHEDULE O SEE SCHEDULE O SEE SCHEDULE O false false false true false false false true false true true true false true true false true false true true false false false false false false true false true false false false false false false false false false false false true true true false true X 41 0 true 87 true true true true MX CH IN BR false false false false X 13 13 false false false false true true true true true false false false true false false true true true true false VA X REBECCA STAHL 7038275246 7901 JONES BRANCH DRIVE SUITE 900 McLean VA 221024206 Kevin Kilgallen Ex-Officio 1.0 1.0 X X 0 0 0 Jerry Rex Ex-Officio 1.0 1.0 X X 0 0 0 Richard L Simons Ex-Officio 1.0 1.0 X X 0 0 0 Ronald Karaisz Chairman 1.0 1.0 X X 0 0 0 Brian J Papke Secretary 1.0 1.0 X X 0 0 0 Steven R Stokey 1st Vice Chairman 1.0 1.0 X X 0 0 0 Christopher Bailey 2nd Vice Chairman/Treasurer 1.0 1.0 X X 0 0 0 Dr John Cheung Director 1.0 1.0 X 0 0 0 Paul Ricard Director 1.0 1.0 X 0 0 0 Ralph Resnick Director 1.0 1.0 X 0 0 0 Lee Morris Director 1.0 1.0 X 0 0 0 Donald Lane Director 1.0 1.0 X 0 0 0 Michael Cicco Director 1.0 1.0 X 0 0 0 Douglas K Woods President 37.5 1.0 X 480336 0 18509 Rebecca Stahl Chief Financial Officer 37.5 1.0 X 247122 0 15692 Peter R Eelman VP - Exhibitions & Comm. 37.5 0.0 X 298122 0 17357 Jeffery Traver VP - AMO 37.5 0.0 X 273072 0 15274 Patrick W McGibbon VP - Strategic Analytics 37.5 0.0 X 266663 0 12064 Christine Rasul VP - Industry Engagement 37.5 0.0 X 207237 0 14516 Edward Christopher VP - Global Services 37.5 0.0 X 211553 0 13807 Steve Lesnewich VP - Membership 37.5 0.0 X 202390 0 14402 2186495 0 121621 35 false true false Path to Progress 107 Falls Way OAKLAND MD 21550 Consulting 288000 Global Business Advisory Services 288 Chapel Hill Dr ROCHESTER NY 14617 Consulting 168274 Grant Thornton LLP 33960 Treasury Center CHICAGO IL 60694 Audit 133501 Virtual Photons Electrons LLC 43893 Loganwood Ct ASHBURN VA 20147 Consulting 126566 Crowley Webb and Associates Dept 253 PO Box 8000 BUFFALO NY 14267 Advertising/mktg 110232 8 0 TRADE SHOWS 511190 1871270 1871250 20 MEMBERSHIP REVENUE 561499 2104750 2104750 SEMINARS AND MEETINGS 611710 666235 666235 PROXY FEES/OTHER FOREIGN SUB REV 900099 3073051 2531069 541982 PARTICIPATION FEE 900099 135929 135929 452007 408886 43121 8303242 731559 731559 0 0 0 0 0 5920228 5443125 477103 477103 477103 0 0 0 0 0 0 2938 0 2938 2938 0 9514842 7582190 721052 1211600 30000 0 0 0 2308116 0 5516127 552002 1358826 517322 0 81778 149208 0 0 97826 1141789 343933 682395 530290 0 796230 824119 0 3798872 51146 0 531055 208183 UNRELATED BUS. INCOME TAX -6100 FOREIGN SUBSIDY EXPENSE 3006515 FOREIGN OFFICE EXPENSES 350286 22869918 1536179 1863138 2622526 187408 0 0 2012831 542253 0 0 0 0 0 0 1047 11084 786697 775567 1623689 776487 1302217 847202 15060372 18003027 5161387 5154843 5999628 7746326 0 0 0 0 34482884 35130848 6154192 1199508 0 0 1141599 16514246 0 0 53760 16119 0 0 0 0 2000000 2500000 694401 776942 10043952 21006815 X 24438932 14124033 0 0 0 0 24438932 14124033 34482884 35130848 X -13355076 1760215 6188 1273774 X false true X true false false false true 2104750 217700 4891 222591 313500 -90909 false true X 0 229633 229633 853501 547664 305837 0 25575 4357 21218 0 514980 224466 290514 847202 ALTERNATIVE INVESTMENTS 5154843 F 5154843 INVESTMENT IN SUB (CHINA) 1896095 F INVESTMENT IN SUB (MEXICO) 2383191 F INVESTMENT IN SUB (AMT MCLEAN) 2132921 F INVESTMENT IN SUB (BRAZIL) 1334119 F 7746326 0 PENSION & POSTRETIREMENT BENEFITS 776942 776942 X ESCROW OR CUSTODIAL ACCOUNT LIABILITY SCHEDULE D, PART IV, LINE 2B THE TECH CENTER IN INDIA (CTC) DOES PROXY HIRING FOR MEMBER COMPANIES. THOSE COMPANIES MUST SEND FUNDS IN ADVANCE TO COVER THEIR WAGES, TAXES AND BENEFITS. THOSE FUNDS ARE TRACKED THROUGH ESCROW ACCOUNTS. LIABILITY FOR UNCERTAIN TAX POSITION (ASC 740) SCHEDULE D, PART X, LINE 2 THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(6), THOUGH THE ASSOCIATION IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. REVENUE FROM ADVERTISING, AFFINITY PROGRAMS, AND PARTICULAR SERVICES TO MEMBERS IS TAXABLE AS UNRELATED BUSINESS INCOME. THE ASSOCIATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE TAX YEARS ENDING DECEMBER 31, 2017, 2016, 2015, AND 2014 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. THE ASSOCIATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ASSOCIATION FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. East Asia and the Pacific 2 14 Program Services assist members 2853916 Europe (Including Iceland and Greenland) 1 1 Program Services assist members 81046 South Asia 1 6 Program Services assist members 472282 South America 1 3 Program Services assist members 558231 North America 2 7 Program Services assist members 84000 North America Investments 2383191 South Asia Investments 1896095 South America Investments 1334119 7 31 7 31 9662880 9662880 true false true false false false ACCOUNTING METHOD USED SCHEDULE F, PART I, LINE 3, COLUMN F THE EXPENDITURES, PER REGION, ARE PRESENTED ON THE ACCRUAL BASIS OF ACCOUNTING. true Nat Inst for Metalworking Skills 3252 Old Lee Highway Fairfax VA 22030 521933455 501(c)(3) 25000 Sustaining Support 1 PROCEDURE FOR MONITORING USE OF GRANT FUNDS INSIDE U.S. SCHEDULE I, PART I, LINE 2 AMT GIVES ASSISTANCE FREQUENTLY FOR SPECIAL EVENTS AND OTHER PROGRAMS. AMT HAS WORKING RELATIONSHIPS WITH EACH CHARITABLE ORGANIZATION AND INFORMALLY MONITORS THE USE OF FUNDS FOR ASSISTANCE THROUGH CONSISTENT INTERACTION. X X true true X X X false false false Douglas K Woods President 369884 0 108150 0 2302 0 16200 0 2309 0 498845 0 0 0 Rebecca Stahl Chief Financial Officer 246942 0 0 0 180 0 15508 0 184 0 262814 0 0 0 Peter R Eelman VP - Exhibitions & Comm. 296934 0 0 0 1188 0 16163 0 1194 0 315479 0 0 0 Jeffery Traver VP - AMO 271973 0 325 0 774 0 14495 0 779 0 288346 0 0 0 Patrick W McGibbon VP - Strategic Analytics 240975 0 24500 0 1188 0 10871 0 1193 0 278727 0 0 0 Christine Rasul VP - Industry Engagement 206049 0 0 0 1188 0 13324 0 1192 0 221753 0 0 0 Edward Christopher VP - Global Services 210365 0 0 0 1188 0 12615 0 1192 0 225360 0 0 0 Steve Lesnewich VP - Membership 186104 0 14000 0 2286 0 12112 0 2290 0 216792 0 0 0 TRAVEL FOR COMPANIONS AND GROSS UP PAYMENTS SCHEDULE J, PART I, LINE 1A PRESIDENTIAL SPOUSE'S TRAVEL EXPENSES WERE COVERED BY AMT. PRESIDENTIAL SPOUSE'S TRAVEL REIMBURSEMENT WAS GROSSED UP AND REPORTED AS taxable COMPENSATION TO RECIPIENT. ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 ARTICLE II OF AMT'S BYLAWS LISTS THE PURPOSES AS "TO PROMOTE THE PROGRESS AND DEVELOPMENT OF HIGH STANDARDS OF MANUFACTURE, MARKETING, TECHNOLOGY, INDUSTRIAL AND PUBLIC RELATIONS, BUSINESS MANAGEMENT AND ETHICS IN THE MACHINE TOOL INDUSTRY OF THE UNITED STATES, TO STIMULATE INTEREST IN AND DEMAND FOR MACHINE TOOLS AND RELATED PRODUCTS, AND TO REPRESENT AND ADVANCE THE COMMON LAW INTERESTS OF THE MACHINE TOOL INDUSTRY BEFORE THE PUBLIC, INDUSTRY AND THE GOVERNMENT." AMT'S MISSION STATEMENT READS "THE ASSOCIATION FOR MANUFACTURING TECHNOLOGY'S MEMBERS WILL BE THE GLOBAL LEADERS IN INNOVATING, PRODUCING AND IMPLEMENTING ADVANCED MANUFACTURING TECHNOLOGY SOLUTIONS. IN SUPPORT OF ITS MEMBERS, AMT WILL BE AN ACTIVE PARTNER IN THE ADVANCEMENT OF MANUFACTURING TECHNOLOGY AND IN THE SUCCESS OF OUR MEMBERS' BUSINESSES. AS AN ACTIVE PARTNER, AMT WILL FACILITATE NETWORKING, COLLABORATION, MATCH-MAKING, NEW BUSINESS OPPORTUNITIES, AND THE EXCHANGE OF IDEAS." PROGRAM SERVICE ACTIVITY #1 FORM 990, PART III, LINE 4A IN 2017, AMT BEGAN THE PREPARATION FOR IMTS 2018 WHICH WILL BE HELD IN SEPTEMBER IN CHICAGO FOR THE MANUFACTURING TECHNOLOGY INDUSTRY. TO HELP PROMOTE OUR MEMBERS' SALES INTERNATIONALLY, AMT PARTICIPATED IN VARIOUS FOREIGN SHOWS. IN JANUARY, THE AMT/USA PAVILION AT IMTEX IN BANGALORE, INDIA WAS WELL ATTENDED AND VERY SUCCESSFUL. IN APRIL, THERE WAS A SIMILIAR EFFORT AT CIMT IN BEIJING, CHINA. MEMBERS WERE WELL REPRESENTED AT FEIMAFE IN SAO PAULO, BRAZIL IN MAY. ADDITIONALLY, AMT IS WORKING WITH SEVERAL OTHER SIMILIAR ORGANIZATIONS IN OTHER COUNTRIES TO DO MORE JOINT EFFORTS FOR PROMOTING ACTIVITIES THAT WILL BENEFIT OUR MEMBERS AND THEIRS. PROGRAM SERVICE ACTIVITY #2 FORM 990, PART III, LINE 4B AMT CONTINUED ITS EFFORTS INTO MEMBER OUTREACH, HELPING MEMBER COMPANIES FIND NEW MARKETS, NEW CUSTOMERS, AND NEW APPROACHES FOR MARKETING THEIR PRODUCTS AND SERVICES. ALL FOUR ESTABLISHED TECH CENTERS (ONE EACH IN BRAZIL, CHINA, MEXICO AND INDIA) CONTINUE TO ASSIST A GROWING NUMBER OF MEMBER COMPANIES PURSUING INTERNATIONAL MARKETS. AMT ALSO CONDUCTED WEBINARS AND BUSINESS REVIEW DAYS. THE "KEY COUNTRY COMPARISON" PROVIDED UPDATES OF REPRESENTATIVE BUSINESS AND SELLING COSTS IN THE BRIC'S, POLAND, MEXICO AND THE UNITED STATES. THERE WERE ALSO OPPORTUNITIES TO NETWORK AND LEARN FROM FELLOW MEMBERS STATESIDE AT EVENTS LIKE MFG, THE GLOBAL FORECASTING CONFERENCE AND THE SERVICE AND AFTERMARKET SUPPORT CONFERENCE. FOR THOSE WHO FIND IT DIFFICULT TO GET AWAY TO TRADE SHOWS AND CONFERENCES, AMT HAS BEGUN PROVIDING MORE AND MORE WEBINARS AND EVEN THE CHANCE TO SEE EMO, GERMANY'S LARGEST TRADE SHOW ON IMTS.COM IMTSTV. PROGRAM SERVICE ACTIVITY #3 FORM 990, PART III, LINE 4C THE TECH CENTERS IN MEXICO AND BRAZIL HAVE EXPANDED THEIR BUSINESS OFFERINGS TO INCLUDE EACH SETTING UP A WAREHOUSE THAT ALLOWS AMT MEMBERS TO STORE PARTS AND MACHINES SO THAT DELIVERIES AND REPAIRS MAY BE COMPLETED MORE QUICKLY FOR THEIR CUSTOMERS IN CENTRAL AND SOUTH AMERICA. OUR FOUR TECH CENTERS (MEXICO, BRAZIL, CHINA AND INDIA) HAVE ADDED AN ADDITIONAL OPTION FOR AD HOC SERVICES THAT ALLOWS MEMBERS TO REQUEST ASSISTANCE WITH SPECIAL ONE-OFF REQUESTS THAT ADVANCE THEIR BUSINESSES IN THOSE COUNTRIES. MEMBERS OR STOCKHOLDERS FORM 990, PART VI, LINE 6 AMT HAS 3 CATEGORIES OF MEMBERS: REGULAR MEMBERS, AFFILIATE MEMBERS, AND START-UP MEMBERS. AMT'S REGULAR MEMBERS HAVE VOTING RIGHTS. MEMBERS: COMPANIES WHICH HAVE, FOR ONE YEAR OR MORE WITHIN THE UNITED STATES, MANUFACTURED, SOLD, AND WARRANTED THE OVERALL OPERATIONAL PERFORMANCE OF NON-PORTABLE, POWER-DRIVEN MANUFACTURING MACHINERY, SYSTEMS, CORRELATED EQUIPMENT PRODUCTS, OR SOFTWARE USED IN THE PROCESSING STEPS FOR PERFORMING OPERATIONS ON MAN-MADE MATERIALS TO PRODUCE DISCRETE DURABLE GOODS. START-UP MEMBERS: FIRMS THAT, FOR LESS THAN ONE YEAR IMMEDIATELY PRECEDING THE DATE OF MEMBERSHIP APPLICATION, PRODUCE AND SELL OR LEASE MACHINE TOOLS OR RELATED EQUIPMENT, PRODUCTS OR SOFTWARE IN THE UNITED STATES. START-UP MEMBERS DO NOT HAVE VOTING PRIVILEGES. AFFILIATE MEMBERS: WITH THE MERGER WITH AMTDA, THIS CATEGORY HAS EXPANDED TO INCLUDE DISTRIBUTORS WHO PAY DUES BUT DO NOT HAVE VOTING PRIVILEGES AS WELL AS ORGANIZATIONS WHICH HAVE ONE OR MORE PROGRAMS STRUCTURED TO AID THE ADVANCEMENT OF THE MANUFACTURING TECHNOLOGY INDUSTRY, USUALLY COLLEGES, UNIVERSITIES AND OTHER RESEARCH FACILITIES; THEY DO NOT PAY ANY DUES, NOR DO THEY HAVE VOTING PRIVILEGES. MEMBERS OR STOCKHOLDERS WHO MAY ELECT FORM 990, PART VI, LINE 7A AND 7B AT LEAST 90 DAYS BEFORE THE ANNUAL MEETING, THE CHAIRMAN SHALL APPOINT A NOMINATING COMMITTEE COMPRISED OF THE THREE MOST RECENT PAST CHAIRMEN OF THE ASSOCIATION THAT REMAIN ACTIVELY EMPLOYED BY OR HAVE RETIRED FROM A MEMBER. THE NOMINATING COMMITTEE SHALL PROPOSE NOMINEES FOR ANY VACANCIES IN THE BOARD OF DIRECTORS TO BE FILLED AT SUCH MEETING. NOMINATIONS MAY ALSO BE MADE BY ANY MEMBER BY SUBMITTING A WRITTEN STATEMENT TO THE NOMINATING COMMITTEE AT THE ASSOCIATION'S PRINCIPAL OFFICE NOT LATER THAN 60 DAYS PRIOR TO THE DATE OF THE ANNUAL MEETING. THE NOMINATING COMMITTEE SHALL SUBMIT THEIR NOMINATIONS TO THE EXECUTIVE COMMITTEE FOR REVIEW PRIOR TO THE ANNUAL MEETING AND IN TIME TO PERMIT NOTICE OF THE NOMINATING COMMITTEE'S NOMINATIONS TO BE MAILED TO THE MEMBERS AT LEAST TEN DAYS PRIOR TO THE ANNUAL MEETING. THE NOMINATIONS SHALL THEREAFTER BE SUBMITTED FOR MEMBERSHIP APPROVAL AT THE ANNUAL MEETING BY AN AFFIRMATIVE MAJORITY VOTE OF THE MEMBERS PRESENT. MEMBERS OF AMT HAVE the POWER TO APPROVE BYLAWS CHANGES. FORM 990 REVIEW PROCESS FORM 990, PART VI, LINE 11B THE FORM 990 IS PREPARED BY AMT'S INDEPENDENT ACCOUNTING FIRM PRIOR TO FILING, THE ORGANIZATION CONDUCTS AN INTERNAL REVIEW OF THE FORM 990 WHICH IS PERFORMED BY THE ORGANIZATION'S MANAGEMENT IN CONJUNCTION WITH ITS ACCOUNTING/FINANCE STAFF. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, LINE 15A & 15B THE PRESIDENT'S SALARY IS CONTROLLED BY INDEPENDENT PERSONS SERVING ON THE COMPENSATION COMMITTEE WHICH IS A SUB-SET OF THE AMT BOARD OF DIRECTORS. ALL OTHER SALARIES ARE CONTROLLED BY THE PRESIDENT. THE SALARIES ARE DETERMINED BY REFERRING TO MARKET SALARY BENCHMARKS. THE PRESIDENT'S ANNUAL SALARY REVIEW IS SIGNED BY THE CURRENT CHAIRMAN OF THE BOARD OF DIRECTORS, ALL OTHER ANNUAL SALARY REVIEWS ARE APPROVED/SIGNED BY THE PRESIDENT OF THE ASSOCIATION. ANNUALLY, ALL SALARIES INCLUDING THE OFFICERS ARE BENCHMARKED USING five DIFFERENT SALARY SURVEYS (PRM, HRA, CORDOM, ASAE, AND AMT'S EXECUTIVE COMPENSATION SURVEY). THE BENCHMARKS ARE SHARED WITH THE PRESIDENT (AND, IN THE CASE OF THE PRESIDENT, ARE SHARED WITH THE COMPENSATION COMMITTEE). THE COMPENSATION COMMITTEE REVIEWS THE BENCHMARK COMPENSATION REPORTS DELIBERATES AND APPROVES, THEN DOCUMENTS THEIR APPROVAL WHEN SETTING THE PRESIDENT'S TOTAL COMPENSATION. HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC FORM 990, PART VI, LINE 19 AMT MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST TO THE EXTENT REQUIRED BY LAW. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 Loss ON FOREIGN CURRENCY EXCHANGE $54,742 MTCI Net Income $(135,064) Investment in Subsidiary $1,354,096 ---------- TOTAL $1,273,774 THE MACHINE TOOL INSTITUTE 7901 JONES BRANCH DRIVE 900 MCLEAN VA 22102 237404368 EDUCATION DC 501(C)(3) 12-Type-I AMT true THE AMT HEALTH BENEFITS TRUST 7901 JONES BRANCH DRIVE 900 MCLEAN VA 22102 546452823 MED BENEFITS DC 501(C)(9) N/A AMT true MTCONNECT INSTITUTE 7901 JONES BRANCH DRIVE 900 MCLEAN VA 22102 264244438 TECH STD/SPEC DC 501(C)(6) N/A AMT true American Manufacturing Tech (Shanghai) 1/F 36 458 N FU TE Road 200131 Shanghai CH Manufacturing CH AMT C Corp 3173741 1604763 1.00000 true Centro Norhamericano De Technologia 427 Sur Col Altavista Monterrey MX 64030 Manufacturing MX AMT C Corp 4682164 2372320 0.99000 true AMT Brasil Assessoria De Negocios Av Engenheiro Carlos Rein Mendes1 Sorocaba BR Manufacturing BR AMT C Corp 1358988 1413553 0.99990 true AMT McLean Inc 7901 Jones Branch Drive 900 McLean VA 22102 464089434 Real Estate DE AMT C Corp 0 0 1.00000 true false true false false false false false false false false false false false true true false false true false MTCONNECT INSTITUTE B 250000 CASH