Overview
What is Massachusetts Manufacturing Extension Partnership?
The Massachusetts Manufacturing Extension Partnership is a nonprofit organization, specifically an educational extension program, situated in Auburn, Massachusetts. Its primary mission is to support small manufacturers in the state by assisting them in implementing advanced production and process technologies, as well as effective business management practices. This organization serves as a bridge between public and private sector service providers, augmenting federal, state, and local programs. By doing so, Massachusetts Manufacturing Extension Partnership aims to enhance the operational efficiency and competitiveness of local manufacturers, ultimately contributing to the state's economic growth. With a dedicated workforce of 48 employees, this nonprofit plays a crucial role in the advancement of the manufacturing sector in Massachusetts.
Official website here: www.massmep.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92%, Four-Star out of Four Star rating.
The Massachusetts Manufacturing Extension Partnership has achieved a notable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The score reflects a comprehensive assessment of their governance practices, showing that they maintain a majority independent board and have robust policies in place, including conflict of interest and whistleblower policies, which contribute to their strong reputation.
Financially, the organization demonstrates responsible management, with a significant portion of their expenses directed towards programs, as evidenced by a program expense ratio of over 75%. They have also received perfect scores for their audit and oversight practices, ensuring transparency and fiscal responsibility. The absence of material diversion of assets further underlines their commitment to integrity.
However, their liabilities to assets ratio, while relatively sound at 55.22%, suggests that there may be room for improvement in managing debts in relation to their assets. Overall, the Massachusetts Manufacturing Extension Partnership is characterized by strong governance and financial management, making it a trustworthy organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Massachusetts Manufacturing Extension Partnership legitimate?
Massachusetts Manufacturing Extension Partnership is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts 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: $1,085,145
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,815,615
For more financial information, click here
Official website here: www.massmep.org
What is the mission statement of Massachusetts Manufacturing Extension Partnership?
The Massachusetts Manufacturing Extension Partnership serves as an educational extension program, designed to assist manufacturers in the Commonwealth of Massachusetts. Its mission is to help these companies integrate production and process technologies, as well as business management practices, into their operations. The organization acts as a bridge, linking public and private service providers, and complementing federal, state, and local programs. Its aim is to enhance the efficiency and competitiveness of the manufacturing sector, thereby contributing to the overall economic growth.
Official website here: www.massmep.org
Who is the CEO of Massachusetts Manufacturing Extension Partnership?
Katherine Mahoney is the Board Member of Massachusetts Manufacturing Extension Partnership.
Official website here: www.massmep.org
What is the revenue of Massachusetts Manufacturing Extension Partnership?
Massachusetts Manufacturing Extension Partnership's revenue in 2023 was $9,326,531.
Official website here: www.massmep.org
Who are the executives of Massachusetts Manufacturing Extension Partnership and what are their salaries?
The average compensation at Massachusetts Manufacturing Extension Partnership during 2023 was $81,266. There are 48 employees at Massachusetts Manufacturing Extension Partnership.
Here are 14 key members and their salaries:
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- Compensation: $67,240
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- Compensation: $140,664
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- Other: $51,378
- Compensation: $166,079
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- Other: $53,709
Official website here: www.massmep.org
Where can I find the form 990 for Massachusetts Manufacturing Extension Partnership?
Massachusetts Manufacturing Extension Partnership's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.massmep.org
Learn more at the official website: www.massmep.org
Mission Statement of Massachusetts Manufacturing Extension Partnership
Massachusetts Manufacturing Extension Partnership serves as a bridge between public and private sector service providers, complementing federal, state, and local programs. Established as an educational extension program, this organization's mission is to aid manufacturers located in Massachusetts by providing assistance in implementing production and process technologies, as well as enhancing business management practices within their operations. By linking public and private service providers, Massachusetts Manufacturing Extension Partnership helps strengthen the manufacturing sector, fostering growth and innovation within the industry.
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Impact
July, 2024
Massachusetts Manufacturing Extension Partnership helps small manufacturers in Massachusetts apply production and process technologies as well as business management practices to their operations. By linking public and private sector service providers and complementing federal, state, and local programs, Massachusetts MEP plays a key role in improving the efficiency and competitiveness of small manufacturers in the state. This assistance ultimately contributes to the growth and sustainability of these businesses, benefitting the local community and economy.
This information is meant to be a general summary of Massachusetts 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: $43,498
- Program Service Revenue: $2,641,053
- Gross Receipts: $9,326,531
Assets and Liabilities:
- Total Assets: $4,816,526
- Total Liabilities: $2,660,100
- Net Assets: $2,156,426
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROJECT FEES
Revenue
$2,641,053
Organization Details
Founding Year
1996
Phone
(508) 831-7020Principal Officer
Katherine Mahoney
Main Address
27A MIDSTATE DRIVE 200, AUBURN, MA, 01501
Website
www.massmep.orgNTEE Category
Code: S31 - Community improvement
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