Overview
What is Manufacturing Extension Partnership Of New Hampshire Inc?
Manufacturing Extension Partnership of New Hampshire Inc, located at 172 Pembroke Road, Concord, NH 03301, is a nonprofit organization devoted to supporting small manufacturers in the state. Their primary mission is to facilitate the application of advanced production and process technologies, as well as effective business management practices. This is in alignment with the Department of Commerce's National Institute of Standards and Technology (NIST) MEP program, which they actively further. With a team of nine dedicated individuals, they aim to strengthen the local manufacturing sector, ultimately contributing to New Hampshire's economic growth.
Official website here: www.nhmep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Manufacturing Extension Partnership Of New Hampshire Inc has achieved a remarkable 96% rating from Charity Navigator, indicating a strong commitment to accountability and financial management. This score is based entirely on their performance in the Accountability & Finance beacon, showcasing their excellence in governance and transparency.
The organization demonstrates robust governance, with a fully independent board of directors and comprehensive financial oversight, evidenced by a perfect score in audit and oversight. Their effective financial practices are further illustrated by a low liabilities to assets ratio of 34.97% and a high program expense ratio of 71.27%, suggesting that a significant portion of their budget is allocated towards direct programming rather than administrative costs.
No significant limitations or concerns were noted in the data, as the organization has successfully implemented various policies, including conflict of interest and whistleblower protections. Overall, Manufacturing Extension Partnership Of New Hampshire Inc stands out as a well-managed nonprofit that prioritizes its mission and maintains high standards of financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Manufacturing Extension Partnership Of New Hampshire Inc legitimate?
Manufacturing Extension Partnership Of New Hampshire Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Manufacturing Extension Partnership Of New Hampshire Inc 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: $145,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $673,378
For more financial information, click here
Official website here: www.nhmep.org
What is the mission statement of Manufacturing Extension Partnership Of New Hampshire Inc?
The Manufacturing Extension Partnership of New Hampshire Inc's mission is centered around furthering the Department of Commerce's NIST MEP program. In essence, their role is to assist small manufacturers in the state by implementing advanced production and process technologies, as well as effective business management practices. This aim is to help these manufacturers improve their operations and competitiveness. This organization plays a crucial role in supporting the growth and development of the manufacturing sector in New Hampshire.
Official website here: www.nhmep.org
What is the revenue of Manufacturing Extension Partnership Of New Hampshire Inc?
Manufacturing Extension Partnership Of New Hampshire Inc's revenue in 2024 was $1,613,917.
Official website here: www.nhmep.org
Who are the executives of Manufacturing Extension Partnership Of New Hampshire Inc and what are their salaries?
The average compensation at Manufacturing Extension Partnership Of New Hampshire Inc during 2024 was $58,456. There are 14 employees at Manufacturing Extension Partnership Of New Hampshire Inc.
Here are 9 key members and their salaries:
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- Compensation: $80,739
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- Other: $5,651
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Official website here: www.nhmep.org
Where can I find the form 990 for Manufacturing Extension Partnership Of New Hampshire Inc?
Manufacturing Extension Partnership Of New Hampshire Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.nhmep.org
Learn more at the official website: www.nhmep.org
Mission Statement of Manufacturing Extension Partnership Of New Hampshire Inc
Manufacturing Extension Partnership of New Hampshire Inc, abbreviated as MEP, is dedicated to advancing the mission of the Department of Commerce's NIST MEP program. In simpler terms, this nonprofit organization's mission is to assist small manufacturing businesses in New Hampshire by applying cutting-edge production and process technologies, as well as business management practices. By doing so, MEP aims to enhance the overall efficiency and competitiveness of these small businesses in the manufacturing sector.
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Impact
July, 2024
The Manufacturing Extension Partnership of New Hampshire Inc has had a significant impact on the state's small manufacturing sector by assisting in the application of production and process technologies as well as business management practices. This has helped in enhancing the competitiveness and efficiency of small manufacturers in New Hampshire, ultimately contributing to economic growth and job creation. The organization's work aligns with the Department of Commerce NIST MEP program's objective, focusing on fostering innovation and competitiveness in the manufacturing industry. By directly supporting small manufacturers, the partnership plays a crucial role in boosting employment opportunities and driving economic development in the region.
This information is meant to be a general summary of Manufacturing Extension Partnership Of New Hampshire Inc. 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 2024.
- Program Service Revenue: $520,723
- Gross Receipts: $1,613,917
Assets and Liabilities:
- Total Assets: $374,554
- Total Liabilities: $75,584
- Net Assets: $298,970
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$520,723
Organization Details
Founding Year
1996
Principal Officer
Thomas Sullivan
Website
www.nhmep.orgNTEE Category
Code: J22 - Employment
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