Overview
What is Innovative Manufacturers Center Inc?
Innovative Manufacturers Center Inc, located in Williamsport, Pennsylvania, serves as an Industrial Resource Center within the state's manufacturing community. As one of seven such centers across Pennsylvania, IMC's mission is to foster innovation, modernization, and competitiveness among industrial manufacturing companies. Their service area encompasses twelve counties in the heart of the state. IMC provides high-quality, affordable services to central Pennsylvania manufacturers, aiming to support their growth and success. The organization employs a team of 16 dedicated individuals in their mission to strengthen the local manufacturing sector.
Official website here: www.imcpa.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
Innovative Manufacturers Center Inc has achieved an impressive score of 96%, which qualifies it for a Four-Star rating from Charity Navigator. This rating reflects the organization’s strong performance in accountability and finance, showcasing its commitment to transparency and prudent financial management.
The organization stands out with 100% of its board members being independent, ensuring a diverse and unbiased governance structure. It also has a robust accountability framework, as indicated by its comprehensive financial oversight practices, including an Audit and Oversight Committee and the presence of key governance policies such as conflict of interest and whistleblower policies.
Despite its strengths, the summary did not highlight any significant limitations in the organization’s operations or financial practices. The high program expense ratio of 91.61% indicates that a substantial portion of its resources is directed towards its core mission, further emphasizing its effective use of funds. Overall, the Innovative Manufacturers Center Inc demonstrates strong accountability and a commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Innovative Manufacturers Center Inc legitimate?
Innovative Manufacturers Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovative Manufacturers Center 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: $88,877
Professional Fundraising Fees: $0
Other Salaries and Wages: $690,281
For more financial information, click here
Official website here: www.imcpa.com
What is the mission statement of Innovative Manufacturers Center Inc?
The Innovative Manufacturers Center Inc, as a resource center, is committed to promoting, fostering, and boosting the chances of innovation, modernization, and competitiveness within the industrial manufacturing sector across Pennsylvania. Their mission is centered around enhancing the opportunities available for these companies, aiming to help them thrive in the contemporary business landscape. The organization offers high-quality services at an affordable cost, providing support to manufacturers in a specific service area in central Pennsylvania.
Official website here: www.imcpa.com
Who is the CEO of Innovative Manufacturers Center Inc?
Dennis Gilbert is the President of Innovative Manufacturers Center Inc.
Official website here: www.imcpa.com
What is the revenue of Innovative Manufacturers Center Inc?
Innovative Manufacturers Center Inc's revenue in 2022 was $1,571,341.
Official website here: www.imcpa.com
Who are the executives of Innovative Manufacturers Center Inc and what are their salaries?
The average compensation at Innovative Manufacturers Center Inc during 2022 was $48,697. There are 16 employees and 12 volunteers at Innovative Manufacturers Center Inc.
Here are 14 key members and their salaries:
- Compensation: $22,769
- Related: $0
- Other: $2,163
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- Compensation: $219,385
- Related: $0
- Other: $20,842
Official website here: www.imcpa.com
Where can I find the form 990 for Innovative Manufacturers Center Inc?
Innovative Manufacturers Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.imcpa.com
Learn more at the official website: www.imcpa.com
Mission Statement of Innovative Manufacturers Center Inc
Innovative Manufacturers Center Inc, abbreviated as IMC, is committed to fostering innovation, modernization, and boosting competitiveness within the industrial manufacturing sector in Pennsylvania. This nonprofit organization's mission is to serve as a catalyst for change, promoting growth and advancement within the manufacturing community in the state. By offering high-quality services at an affordable cost, IMC aims to support the central Pennsylvania manufacturing sector, contributing to its overall development and success.
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Impact
October, 2024
Innovative Manufacturers Center Inc plays a crucial role in enhancing the industrial manufacturing landscape in Pennsylvania. By focusing on innovation, modernization, and competitiveness, IMC fosters a more dynamic manufacturing sector. Serving as one of the seven Industrial Resource Centers in the state, IMC specifically targets twelve counties in central Pennsylvania, providing essential resources and services to manufacturing companies.
Through high-quality, affordable support, IMC helps manufacturers adopt new technologies and processes, ultimately driving efficiency and productivity. Their work promotes economic growth by ensuring that local manufacturers remain competitive in an increasingly global market. By empowering these companies, IMC not only strengthens the industrial base of Pennsylvania but also contributes significantly to community improvement and the overall economic health of the region.
This information is meant to be a general summary of Innovative Manufacturers Center 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: $178,684
- Program Service Revenue: $545,837
- Gross Receipts: $1,733,909
Assets and Liabilities:
- Total Assets: $2,231,135
- Total Liabilities: $126,916
- Net Assets: $2,104,219
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING SERVICES
Revenue
$398,398
WORKSHOP REGISTRATION
Revenue
$133,989
WHAT'S SO COOL ABOUT MANUFACTURING
Revenue
$13,400
OTHER
Revenue
$50
Organization Details
Founding Year
1988
Phone
(570) 329-3200Principal Officer
Dennis Gilbert
Main Address
ONE COLLEGE AVENUE DEPT 32, Williamsport, PA, 177015778
Website
www.imcpa.comNTEE Category
Code: S40 - Community improvement
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