Overview
What is Manufacturers Resource Center?
Manufacturers Resource Center (MRC) is a public-private economic development organization located in Allentown, Pennsylvania. Their primary mission is to support small and medium-sized manufacturers by providing consulting, training, and technology resources. This assistance aims to enhance their competitiveness in the global marketplace. MRC conducts substantial projects with various companies and hosts workshops or events, contributing to the economic growth of these businesses. According to an independent evaluation, the economic impact of MRC's assistance during a specific period reached $60 million across 102 companies. The organization operates within a Pennsylvania Industrial Resource Center and a Federal Manufacturing Extension Partnership Regional Center, fostering regional coordination of economic development efforts and an efficient, comprehensive strategy. MRC employs 18 individuals to carry out its mission.
Official website here: www.mrcpa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Manufacturers Resource Center has achieved an impressive Four-Star rating with a score of 96%, reflecting its strong accountability and finance practices. This high rating is based solely on the organization’s financial performance, with a focus on transparency and responsible management of resources. The charity has demonstrated excellent oversight, as indicated by its lack of material diversion of assets and a solid financial health ratio.
One of the notable strengths of the Manufacturers Resource Center is its governance structure, featuring a fully independent board with 90% of members being independent. Furthermore, the organization excels in maintaining comprehensive policies such as conflict of interest, whistleblower protection, and document retention, all of which enhance its operational integrity. The charity's ability to maintain a healthy program expense ratio of 74.03% indicates its commitment to allocating a significant portion of its resources to its programs.
While the data highlights many strengths, it is important to acknowledge that the rating is based exclusively on financial and accountability metrics. There may be additional qualitative aspects of the charity's impact and effectiveness that are not captured in this financial-focused rating, but the existing information suggests a well-managed and transparent organization.
This AI summary has been generated from information found on Charity Navigator.
Is Manufacturers Resource Center legitimate?
Manufacturers Resource Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Manufacturers Resource Center 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: $347,545
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,165,629
For more financial information, click here
Official website here: www.mrcpa.org
What is the mission statement of Manufacturers Resource Center?
The Manufacturers Resource Center serves as a public-private economic development organization, operating both a Pennsylvania Industrial Resource Center and a Federal Manufacturing Extension Partnership Regional Center. Its primary objective is to offer consulting, training, and technological resources to small and medium-sized manufacturers, aiming to enhance their competitiveness in the global marketplace. Furthermore, the center collaborates with economic development partners to foster regional coordination of economic development efforts, establishing a comprehensive, efficient strategy for economic development delivery.
Official website here: www.mrcpa.org
Who is the CEO of Manufacturers Resource Center?
Richard C Hobbs is the Board Member of Manufacturers Resource Center. The CEO's salary of Manufacturers Resource Center is $211,009 and their total compensation is $246,308.
Official website here: www.mrcpa.org
What is the revenue of Manufacturers Resource Center?
Manufacturers Resource Center's revenue in 2022 was $3,223,846.
Official website here: www.mrcpa.org
Who are the executives of Manufacturers Resource Center and what are their salaries?
The average compensation at Manufacturers Resource Center during 2022 was $84,065. There are 18 employees at Manufacturers Resource Center.
Here are 28 key members and their salaries (Manufacturers Resource Center's CEO's salary is $211,009 and their total compensation is $246,308):
- Compensation: $0
- Related: $465,746
- Other: $30,329
- Compensation: $0
- Related: $303,005
- Other: $22,012
- Compensation: $211,009
- Related: $0
- Other: $35,299
- Compensation: $123,713
- Related: $0
- Other: $36,283
- Compensation: $117,173
- Related: $0
- Other: $31,142
- Compensation: $118,220
- Related: $0
- Other: $19,870
- Compensation: $119,208
- Related: $0
- Other: $16,946
- Compensation: $100,351
- Related: $0
- Other: $17,660
- Compensation: $73,081
- Related: $0
- Other: $16,411
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Official website here: www.mrcpa.org
Where can I find the form 990 for Manufacturers Resource Center?
Manufacturers Resource Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mrcpa.org
Learn more at the official website: www.mrcpa.org
Mission Statement of Manufacturers Resource Center
Manufacturers Resource Center, a public-private economic development organization, serves as a Pennsylvania Industrial Resource Center and a Federal Manufacturing Extension Partnership Regional Center. Its primary mission is to provide consulting, training, and technology resources to small and medium-sized manufacturers. This assistance is designed to enhance their competitiveness in the global marketplace. The center also collaborates with economic development partners to foster regional coordination of economic development efforts. This coordination aims to create a comprehensive, efficient, and strategic approach to economic development delivery.
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Impact
October, 2024
Manufacturers Resource Center (MRC) has a significant impact on the manufacturing sector, particularly for small and medium-sized manufacturers. By providing technical and managerial consulting, as well as training, MRC equips these businesses with the tools necessary to enhance their competitiveness in the global marketplace.
In the period from July 1, 2021, to June 30, 2022, MRC engaged in 31 substantive projects with 24 companies and held 61 workshops, attracting 652 participants. This hands-on approach not only boosts immediate operational capabilities but also fosters long-term growth potential.
The economic impact of MRC's assistance is notable, with 102 companies reporting a collective total economic benefit of $60 million. This figure highlights the tangible benefits that arise from the Center’s initiatives and underscores its role in driving regional economic improvement. Additionally, MRC collaborates with local economic development partners to promote coordinated strategies that enhance overall community growth and development.
This information is meant to be a general summary of Manufacturers Resource Center. 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: $192,848
- Program Service Revenue: $1,201,754
- Gross Receipts: $3,712,442
Assets and Liabilities:
- Total Assets: $3,423,737
- Total Liabilities: $1,409,421
- Net Assets: $2,014,316
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FOR CONSULTING & TRAINING SVCS
Revenue
$1,201,754
Organization Details
Founding Year
1988
Phone
(610) 628-4636Principal Officer
Richard C Hobbs
Main Address
7200A WINDSOR DRIVE, ALLENTOWN, PA, 18106
Website
www.mrcpa.orgNTEE Category
Code: S43 - Community improvement
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