Overview
What is Maine Manufacturing Extension Partnership?
Maine Manufacturing Extension Partnership is a nonprofit organization situated in Augusta, Maine, specifically at 87 Winthrop Street. Their primary mission is to aid small to medium-sized manufacturing enterprises in Maine by introducing them to advanced production and process technologies, as well as effective business management practices. They link public and private service providers, complementing various federal, state, and local programs. Their goal is to facilitate economic development in Maine's manufacturing sector, enabling these businesses to become more resilient and successful in the ever-changing market environment. They have a team of 11 dedicated professionals working towards this mission.
Official website here: www.mainemep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%
The Maine Manufacturing Extension Partnership holds a strong Four-Star out of Four Star rating from Charity Navigator, reflecting high performance in accountability and finance. With an impressive score of 96%, the organization demonstrates a commitment to transparency and responsible financial management, which is crucial for donor trust and organizational credibility.
Strengths include a fully independent board comprised of 12 members, robust financial oversight with no reported material diversion of assets, and adherence to best practices in governance policies. The organization also maintains a healthy program expense ratio of 75%, indicating that a significant portion of resources is directed towards its mission-related activities.
While the data does not indicate any major limitations, the high accountability score suggests that Maine Manufacturing Extension Partnership is effectively managing resources and maintaining operational integrity. This rating positions them favorably among nonprofits, particularly those focused on supporting the manufacturing sector in Maine.
This AI summary has been generated from information found on Charity Navigator.
Is Maine Manufacturing Extension Partnership legitimate?
Maine Manufacturing Extension Partnership is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maine Manufacturing Extension Partnership submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $169,795
Professional Fundraising Fees: $0
Other Salaries and Wages: $868,203
For more financial information, click here
Official website here: www.mainemep.org
What is the mission statement of Maine Manufacturing Extension Partnership?
Maine Manufacturing Extension Partnership's mission is geared towards promoting economic development. It achieves this by connecting public and private service providers, complementing various federal, state, and local programs. The primary objective of Maine MEP is to aid small and medium-sized manufacturing enterprises (SMEs) in becoming resilient and thriving in the dynamic market environment. To accomplish this, Maine MEP offers necessary services, including the application of production and process technologies, as well as business management practices, to their operations. This educational extension program aims to assist manufacturers located in Maine, thereby enhancing their operational efficiency and competitiveness.
Official website here: www.mainemep.org
Who is the CEO of Maine Manufacturing Extension Partnership?
Lawrence Robinson is the Chair (Left 2/7/2023) of Maine Manufacturing Extension Partnership.
Official website here: www.mainemep.org
What is the revenue of Maine Manufacturing Extension Partnership?
Maine Manufacturing Extension Partnership's revenue in 2023 was $2,329,634.
Official website here: www.mainemep.org
Who are the executives of Maine Manufacturing Extension Partnership and what are their salaries?
The average compensation at Maine Manufacturing Extension Partnership during 2023 was $94,363. There are 11 employees and 12 volunteers at Maine Manufacturing Extension Partnership.
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- Compensation: $147,169
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- Compensation: $102,281
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- Other: $19,602
Official website here: www.mainemep.org
Where can I find the form 990 for Maine Manufacturing Extension Partnership?
Maine Manufacturing Extension Partnership's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mainemep.org
Learn more at the official website: www.mainemep.org
Mission Statement of Maine Manufacturing Extension Partnership
Maine Manufacturing Extension Partnership, abbreviated as MEP, is committed to fostering economic development by offering essential services to small and medium-sized manufacturing enterprises (SMEs) in Maine. This nonprofit organization's mission is to bolster the resilience and growth of these businesses in the ever-changing market landscape. By providing them with the necessary tools and resources in production and process technologies, as well as business management practices, MEP aims to empower these SMEs to thrive and adapt effectively to market changes. In essence, MEP acts as an educational extension program, linking public and private service providers to complement various federal, state, and local programs, thereby contributing to Maine's manufacturing sector's overall growth and sustainability.
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Impact
July, 2024
Maine Manufacturing Extension Partnership plays a crucial role in facilitating economic development by providing essential services to Maine's small and medium-sized manufacturing enterprises (SMEs). By assisting these manufacturers in applying production and process technologies as well as business management practices to their operations, Maine MEP helps them become more resilient and thrive in the ever-changing market environment. Through linking public and private service providers and complementing federal, state, and local programs, Maine MEP has a significant impact on bolstering the manufacturing sector in Maine and contributing to community improvement.
This information is meant to be a general summary of Maine Manufacturing Extension Partnership. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $778
- Program Service Revenue: $430,362
- Gross Receipts: $2,329,634
Assets and Liabilities:
- Total Assets: $1,454,364
- Total Liabilities: $99,704
- Net Assets: $1,354,660
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROJECT FEES
Revenue
$380,674
SUPPORT SERVICES
Revenue
$49,688
Organization Details
Founding Year
1998
Phone
(207) 623-0680Principal Officer
Lawrence Robinson
Main Address
87 WINTHROP STREET, AUGUSTA, ME, 04330
Website
www.mainemep.orgNTEE Category
Code: S30 - Community improvement
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