Overview
What is The Educational And Research Foundation Of Mema Inc?
The Educational and Research Foundation of MEMA Inc., situated in Research Triangle Park, North Carolina, serves as a supporting organization for MEMA, the Motor and Equipment Manufacturers Association. This nonprofit entity is dedicated to charitable, educational, and scientific pursuits, as outlined in Section 501(c)(3) and 170(c)(2) of the Internal Revenue Code of 1954. Specifically, its mission is to further the objectives of MEMA by conducting research, financing studies, promoting seminars, and organizing educational programs related to the automotive, truck, and other vehicle industries. The foundation also produces and disseminates educational materials through various media and engages in other charitable, educational, and scientific activities as allowed by law.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Stars
The Educational And Research Foundation Of Mema Inc has received a low rating of 54%, indicating significant concerns regarding its financial health and accountability. Its score reflects a sole focus on the Accountability & Finance category, where it performed well in areas such as board independence and conflict of interest policies, achieving maximum points. However, the organization struggles with transparency, as evidenced by the absence of its tax form on its website.
Despite having a board that is predominantly independent and adhering to key accountability policies, the foundation's overall financial metrics are troubling. The program expense ratio stands at 0.00%, suggesting that no funds are being allocated towards program services, which is critical for assessing the charity's impact. Additionally, the liabilities to assets ratio is alarmingly low, indicating potential financial instability.
While the foundation has implemented some strong governance practices, the lack of program expenditures and transparency raises questions about its operational effectiveness and the ability to fulfill its mission. Stakeholders and potential donors may want to consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Educational And Research Foundation Of Mema Inc legitimate?
The Educational And Research Foundation Of Mema Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Educational And Research Foundation Of Mema 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: $0
For more financial information, click here
What is the mission statement of The Educational And Research Foundation Of Mema Inc?
The Educational and Research Foundation of MEMA Inc. is organized for charitable, scientific, and educational purposes, aligning with the Internal Revenue Code. Its primary role is to support the activities of the Motor and Equipment Manufacturers Association (MEMA) by conducting research, financing studies, and promoting seminars and conferences related to the automotive, truck, and other vehicular industries. The foundation disseminates findings from these studies and produces educational material through various media. Additionally, it engages in various other charitable, educational, and scientific activities permitted by law.
Who is the CEO of The Educational And Research Foundation Of Mema Inc?
William Long Iii is the Principal Officer of The Educational And Research Foundation Of Mema Inc.
What is the revenue of The Educational And Research Foundation Of Mema Inc?
The Educational And Research Foundation Of Mema Inc's revenue in 2022 was $6,304.
Who are the executives of The Educational And Research Foundation Of Mema Inc and what are their salaries?
There 3 volunteers at The Educational And Research Foundation Of Mema Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $705,237
- Other: $55,851
- Compensation: $0
- Related: $175,841
- Other: $21,553
Where can I find the form 990 for The Educational And Research Foundation Of Mema Inc?
The Educational And Research Foundation Of Mema Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Educational And Research Foundation Of Mema Inc
The Educational and Research Foundation of MEMA, a charitable organization, is primarily dedicated to supporting the Motor and Equipment Manufacturers Association (MEMA). Its mission, as outlined by Section 501(c)(3) and 170(c)(2) of the Internal Revenue Code of 1954, is to carry out charitable, scientific, and educational activities within the automotive, truck, and other vehicular industries.
In line with its mission, the foundation conducts, finances, and promotes research and studies related to these industries, disseminating the findings to further knowledge and understanding. Additionally, the foundation organizes and funds seminars, conferences, and educational programs regarding the automotive, truck, and other vehicular industries. This serves to educate and inform individuals within these sectors.
Furthermore, the foundation produces, publishes, and disseminates educational material through various media, including printed, audio, visual, and digital platforms. This helps to spread knowledge and understanding of the automotive, truck, and other vehicular industries more widely. The foundation also engages in various other charitable, educational, and scientific activities, as permitted by law. In essence, the Educational and Research Foundation of MEMA is committed to advancing knowledge and understanding in the automotive, truck, and other vehicular industries through research, education, and the dissemination of information.
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Impact
October, 2024
The Educational And Research Foundation Of Mema Inc. plays a significant role in advancing knowledge and skills within the automotive and vehicular industries. By conducting and promoting research, the foundation contributes valuable insights that can enhance safety, efficiency, and innovation in these sectors. Their efforts include organizing seminars and conferences, which provide industry professionals with essential training and updates on the latest trends and technologies.
Additionally, the foundation actively produces and disseminates educational materials across various media formats, ensuring that important information reaches a wide audience. This not only supports ongoing education for those in the field but also promotes public safety by sharing critical findings and best practices. Overall, the foundation’s initiatives foster a more informed and skilled workforce, driving progress and advancement within the automotive and equipment manufacturing industries.
This information is meant to be a general summary of The Educational And Research Foundation Of Mema 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.
- Investment Income: $6,304
- Gross Receipts: $81,524
Assets and Liabilities:
- Total Assets: $270,773
- Total Liabilities: $249
- Net Assets: $270,524
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Organization Details
Founding Year
1983
Phone
(919) 549-4800Principal Officer
William Long Iii
Main Address
PO BOX 13966, RESEARCH TRIANGLE PARK, NC, 277093966
NTEE Category
Code: M42E - Public safety
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