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.
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- Compensation: $167,000
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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.
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
Phone
(978) 663-9870Principal Officer
Lisa Mchatton
Main Address
71 FAULKNER STREET, NORTH BILLERICA, MA, 01862
Website
www.netaac.orgNTEE Category
Code: S30 - Community improvement
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