Overview
What is Maine Composites Alliance?
Maine Composites Alliance is a nonprofit organization situated in Portland, Maine. Their primary focus is on promoting the scientific research and development, as well as education, related to composites within the state. This includes conducting relevant studies and writing reports to further advance this field. Their mission is to foster growth and knowledge in the composite industry within Maine, contributing to its overall development and progress.
Official website here: www.mainecompositealliance.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, Two-Star out of Four Star rating.
The Maine Composites Alliance has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The rating is based entirely on accountability and finance metrics, showcasing strengths such as a fully independent board and no material diversion of assets, which are critical for trustworthiness and governance.
However, there are notable areas for improvement, particularly regarding transparency and policy implementation. The organization lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are essential for fostering accountability and protecting against misconduct. These deficiencies have significantly impacted their overall score.
Despite these limitations, the Maine Composites Alliance demonstrates some positive financial attributes, including a high program expense ratio of 98.65%, indicating that nearly all expenses go towards their programs. Additionally, their liabilities-to-assets ratio of 52.60% reflects a reasonable level of financial stability. Overall, while the organization has commendable aspects, addressing these policy gaps would enhance its standing and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Maine Composites Alliance legitimate?
Maine Composites Alliance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maine Composites Alliance 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:
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Official website here: www.mainecompositealliance.org
What is the mission statement of Maine Composites Alliance?
The Maine Composites Alliance is dedicated to fostering scientific research and development, as well as education, within the realm of composites. Their primary objective is to promote these aspects in an effort to advance the composite industry. They engage in supply chain development research and report writing, contributing to the overall growth and understanding of composites.
Official website here: www.mainecompositealliance.org
Who is the CEO of Maine Composites Alliance?
Stephen C Von Vogt is the Exec Dir/Pres/Sec/Treas of Maine Composites Alliance.
Official website here: www.mainecompositealliance.org
What is the revenue of Maine Composites Alliance?
Maine Composites Alliance's revenue in 2022 was $65,789.
Official website here: www.mainecompositealliance.org
Who are the executives of Maine Composites Alliance and what are their salaries?
There 7 volunteers at Maine Composites Alliance.
Here are 8 key members and their salaries:
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Official website here: www.mainecompositealliance.org
Where can I find the form 990 for Maine Composites Alliance?
Maine Composites Alliance's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mainecompositealliance.org
Learn more at the official website: www.mainecompositealliance.org
Mission Statement of Maine Composites Alliance
Maine Composites Alliance, as an organization, is dedicated to promoting the scientific research and development, as well as the educational aspects, of composites within the state. Their mission is to foster a comprehensive understanding and advancement of composites, contributing to the broader scientific and technological community. By engaging in supply chain development research and report writing, Maine Composites Alliance aims to support the growth and innovation in the composites sector, thereby driving progress and knowledge in this field.
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Impact
August, 2024
Maine Composites Alliance has a significant impact on the field of composites in the state of Maine. Through its promotion of scientific research, development, and education in this area, the organization plays a crucial role in advancing the understanding and application of composites materials. By focusing on supply chain development, research, and report writing, Maine Composites Alliance contributes to the growth and success of the composites industry in Maine. This impact extends beyond the organization itself, benefiting companies, researchers, and educational institutions involved in composites-related activities in the state.
This information is meant to be a general summary of Maine Composites Alliance. 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 2022.
- Program Service Revenue: $65,789
- Gross Receipts: $65,789
Assets and Liabilities:
- Total Assets: $84,072
- Total Liabilities: $44,227
- Net Assets: $39,845
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ME COMPOSITE MAT'LS APPLIED TECH
Revenue
$65,789
Organization Details
Founding Year
1999
Phone
(207) 828-1414Principal Officer
Stephen C Von Vogt
Main Address
PO BOX 129, PORTLAND, ME, 04112
NTEE Category
Code: B90 - Education
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