Overview
What is Manufacturing Alliance Service Corporation Inc?
Manufacturing Alliance Service Corporation Inc, a nonprofit organization based in Connecticut, is dedicated to strengthening and innovating the manufacturing sector. They accomplish this by providing apprenticeships and training programs, empowering individuals across the state to build careers in this field. Their mission revolves around supporting, developing, and enhancing manufacturing technology in Connecticut, ultimately contributing to its growth and success.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Manufacturing Alliance Service Corporation Inc has received a commendable Four-Star rating from Charity Navigator, reflecting high standards in accountability and finance. The organization achieved an overall score of 94%, which is attributed entirely to its strong performance in the Accountability & Finance category. This high rating indicates that the charity effectively manages its resources and adheres to best practices in governance.
The organization demonstrates robust governance with 100% of its board members being independent, which enhances its accountability. Additionally, the financial health of Manufacturing Alliance is noteworthy, with a low liabilities to assets ratio of 0.37%, showcasing its financial stability. The charity also scores full marks in various areas, including having a conflict of interest policy and a whistleblower policy in place, indicating strong ethical practices.
While the charity excels in financial management and governance, the analysis does not highlight any specific programmatic achievements or impact metrics. This focus on accountability and finance suggests that while the organization operates efficiently, more information regarding the effectiveness of its programs would provide a clearer picture of its overall impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Manufacturing Alliance Service Corporation Inc legitimate?
Manufacturing Alliance Service Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Manufacturing Alliance Service Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $371,384
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What is the mission statement of Manufacturing Alliance Service Corporation Inc?
The Manufacturing Alliance Service Corporation Inc's mission is centered around supporting, developing, and enhancing manufacturing technology. They achieve this through the implementation of apprenticeships and training programs, aiming to foster careers in this field for individuals across the state. The corporation's activities are focused on promoting the growth and advancement of manufacturing technology throughout the region.
Who is the CEO of Manufacturing Alliance Service Corporation Inc?
Cyndi A Zoldy is the President of Manufacturing Alliance Service Corporation Inc.
What is the revenue of Manufacturing Alliance Service Corporation Inc?
Manufacturing Alliance Service Corporation Inc's revenue in 2022 was $523,805.
Who are the executives of Manufacturing Alliance Service Corporation Inc and what are their salaries?
The average compensation at Manufacturing Alliance Service Corporation Inc during 2022 was $61,897. There are 6 employees at Manufacturing Alliance Service Corporation Inc.
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Where can I find the form 990 for Manufacturing Alliance Service Corporation Inc?
Manufacturing Alliance Service Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Manufacturing Alliance Service Corporation Inc
Manufacturing Alliance Service Corporation, a notable entity, is dedicated to supporting, developing, and enhancing manufacturing technology across Connecticut. They accomplish this mission through strategic apprenticeships and training programs. By providing these services, the corporation aims to support individuals in their pursuit of careers within the field, ultimately contributing to the growth and innovation of the manufacturing sector in the state.
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Impact
July, 2024
Manufacturing Alliance Service Corporation Inc plays a crucial role in supporting, developing, and enhancing manufacturing technology in Connecticut through apprenticeships and training programs. By offering these initiatives, the organization facilitates individuals throughout the state in pursuing careers within the manufacturing field. This not only benefits the individuals by providing them with valuable skills and employment opportunities but also contributes to the growth and advancement of the manufacturing industry in Connecticut. Manufacturing Alliance Service Corporation Inc's impact can be seen in the increased skilled workforce, improved technology adoption, and overall economic development within the state.
This information is meant to be a general summary of Manufacturing Alliance Service Corporation 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 2022.
- Program Service Revenue: $523,805
- Gross Receipts: $523,805
Assets and Liabilities:
- Total Assets: $389,478
- Total Liabilities: $1,500
- Net Assets: $387,978
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PLASTICS TRAINING
Revenue
$227,974
APPRENTICESHIP
Revenue
$115,871
OTHER TRAINING
Revenue
$107,290
CNC TRAINING
Revenue
$47,953
Organization Details
Founding Year
1994
Phone
(203) 596-1900Principal Officer
Cyndi A Zoldy
Main Address
173 INTERSTATE LANE, WATERBURY, CT, 067052640
NTEE Category
Code: J01 - Employment
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