New England Trade Adjustment Assistance

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042740924 ✦ North billerica, MA ✦ Designated as a 501(c)(3)

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Overview

What is New England Trade Adjustment Assistance?

New England Trade Adjustment Assistance is a nonprofit organization situated in North Billerica, Massachusetts. Their primary objective is to extend consulting services to American businesses that have been adversely affected by imports within the New England states. This assistance focuses on helping trade-affected manufacturers, with funding being sourced through government grants. The organization's mission is to support these firms during challenging times and aid in their recovery.


Official website here: www.netaac.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 86%, Three-Star out of Four Star rating

New England Trade Adjustment Assistance has received an 86% score from Charity Navigator, indicating a solid level of accountability and finance management. The organization boasts an entirely independent board of 10 members, contributing positively to its governance. The high program expense ratio of nearly 91% reflects a strong commitment to using funds for its intended purpose rather than administrative costs.

However, the organization has some areas needing improvement, particularly in its policies. While it has been awarded full points for its audit and oversight committee and conflict of interest policy, it lacks a whistleblower policy and documentation retention procedures, which are important for transparency and accountability. Additionally, the absence of its tax form on the nonprofit's website limits accessibility to vital financial information for stakeholders.

Overall, while New England Trade Adjustment Assistance demonstrates commendable financial practices and governance structures, there are critical gaps in its policy documentation that could enhance its accountability and public trust.


This AI summary has been generated from information found on Charity Navigator.

Is New England Trade Adjustment Assistance legitimate?

New England Trade Adjustment Assistance is a legitimate nonprofit organization registered as a 501(c)(3) entity. New England Trade Adjustment Assistance 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $368,095

For more financial information, click here


Official website here: www.netaac.org

What is the mission statement of New England Trade Adjustment Assistance?

New England Trade Adjustment Assistance, a organization aimed at providing assistance, operates with a mission to support American manufacturers in New England states that have been impacted by imports. Their primary function is to offer consulting services, funded through government grants, to help these firms navigate through trade-related challenges. The organization's mission is centered around aiding trade-affected manufacturers, aiming to provide them with the necessary resources and guidance to overcome difficulties associated with international trade.


Official website here: www.netaac.org

Who is the CEO of New England Trade Adjustment Assistance?

Lisa Mchatton is the President of New England Trade Adjustment Assistance.


Official website here: www.netaac.org

What is the revenue of New England Trade Adjustment Assistance?

New England Trade Adjustment Assistance's revenue in 2022 was $1,539,209.


Official website here: www.netaac.org

Who are the executives of New England Trade Adjustment Assistance and what are their salaries?

The average compensation at New England Trade Adjustment Assistance during 2022 was $92,024. There are 4 employees and 10 volunteers at New England Trade Adjustment Assistance.


Here are 11 key members and their salaries:


David A Darlington (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Bunnell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Gildea (Sectretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Weigold (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard E Dragon (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sidney J Holbrook (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John S Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bobby Stephen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lawrence Robinson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James B Stewart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Mchatton (Executive Director)
  • Compensation: $167,000
  • Related: $0
  • Other: $0


Official website here: www.netaac.org

Where can I find the form 990 for New England Trade Adjustment Assistance?

New England Trade Adjustment Assistance's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.netaac.org

Learn more at the official website: www.netaac.org

Mission Statement of New England Trade Adjustment Assistance

New England Trade Adjustment Assistance, a nonprofit organization, is dedicated to aiding American businesses in the New England states that have been negatively impacted by imports. Their primary mission is to provide valuable consulting services to these trade-affected manufacturers. Funding for their operations comes from government grants, demonstrating the organization's commitment to supporting the local economy and industries in need.

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Impact




July, 2024

New England Trade Adjustment Assistance provides crucial support to trade impacted manufacturers in the New England states. By offering consulting services funded through government grants, this organization plays a vital role in helping these firms navigate the challenges posed by imports. The impact of New England Trade Adjustment Assistance is evident in the resilience and competitiveness it helps instill in these businesses, ultimately contributing to the sustainability of local manufacturing industries and the overall economic strength of the region.




This information is meant to be a general summary of New England Trade Adjustment Assistance. 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.

Revenue
$1,539,209 (2022)
Expenses
$1,539,160 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $49
  • Program Service Revenue: $15,500
  • Gross Receipts: $1,539,209

Assets and Liabilities:

  • Total Assets: $151,965
  • Total Liabilities: $124,953
  • Net Assets: $27,012

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CLIENT COST SHARE FEES

Revenue

$15,500

Organization Details

Founding Year

1981

Principal Officer

Lisa Mchatton

Main Address

71 FAULKNER STREET, NORTH BILLERICA, MA, 01862

NTEE Category

Code: S30 - Community improvement

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