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Precision Manufacturing Institute

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 251578241 ✦ Meadville, PA ✦ Designated as a 501(c)(3)

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Overview

What is Precision Manufacturing Institute?

The Precision Manufacturing Institute, located at 764 Bessemer Street Suite 105, Meadville, PA 16335, is a nonprofit organization committed to fostering growth in individuals, businesses, and industries. They achieve this mission by operating a trade school, providing hands-on training, and classroom instruction in advanced manufacturing technologies and processes. With a dedicated team of 18 employees, the Precision Manufacturing Institute is dedicated to promoting quality education and training, ultimately contributing to the overall development of the manufacturing sector.


Official website here: www.pmionline.edu

Is Precision Manufacturing Institute legitimate?

Precision Manufacturing Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Precision Manufacturing Institute 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: $510,168

For more financial information, click here


Official website here: www.pmionline.edu

What is the mission statement of Precision Manufacturing Institute?

The Precision Manufacturing Institute's mission, as stated, is centered around fostering growth in individuals, businesses, and the industry. They accomplish this goal by providing high-quality education and training. The institution operates a facility where they develop and instruct manufacturing technologies and processes. This is done through a combination of hands-on training and classroom instruction. In essence, the Precision Manufacturing Institute's mission is to contribute to the growth and development of the sector and its workforce by offering comprehensive and practical educational programs.


Official website here: www.pmionline.edu

Who is the CEO of Precision Manufacturing Institute?

Dennis F Wilke is the Chairman Of of Precision Manufacturing Institute.


Official website here: www.pmionline.edu

What is the revenue of Precision Manufacturing Institute?

Precision Manufacturing Institute's revenue in 2021 was $1,720,780.


Official website here: www.pmionline.edu

Who are the executives of Precision Manufacturing Institute and what are their salaries?

The average compensation at Precision Manufacturing Institute during 2021 was $28,343. There are 18 employees at Precision Manufacturing Institute.


Here are 9 key members and their salaries:


Jim Lane (School Direc)
  • Compensation: $76,647
  • Related: $0
  • Other: $0
Mary Bula (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Ferry (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Newell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Petrunak (Secretary/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Pustelak (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jermey Shelatz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Shore (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis F Wilke (Chairman Of)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.pmionline.edu

Where can I find the form 990 for Precision Manufacturing Institute?

Precision Manufacturing Institute's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.pmionline.edu

Learn more at the official website: www.pmionline.edu

Mission Statement of Precision Manufacturing Institute

Precision Manufacturing Institute, abbreviated as PMI, is dedicated to fostering the expansion of individuals, businesses, and the manufacturing sector as a whole. Their primary objective is achieved through the provision of top-notch education and training. Located at an unspecified facility, PMI specializes in the development and instruction of advanced manufacturing technologies and processes. This is accomplished through a combination of hands-on training and classroom instruction. The ultimate goal of PMI is to promote growth in the manufacturing industry, ensuring a skilled workforce that can meet the demands of the ever-evolving technological landscape.

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Impact




October, 2024

The Precision Manufacturing Institute plays a vital role in enhancing the workforce in the manufacturing sector through comprehensive education and training programs. Located in Meadville, Pennsylvania, it operates a facility dedicated to the development and teaching of manufacturing technologies and processes. Through a combination of hands-on training and classroom instruction, PMI empowers individuals with the skills needed to succeed in the manufacturing industry.

By promoting quality education and training, PMI directly contributes to the growth of individuals and businesses alike. Its initiatives not only enhance the technical abilities of students but also foster a more skilled workforce, which is essential for the competitiveness of the manufacturing sector. This empowerment of people leads to a positive ripple effect on local businesses and the broader economy, aligning well with its mission to support the growth of people, businesses, and industries. Overall, the Precision Manufacturing Institute plays a crucial role in bridging the skills gap in the manufacturing workforce, ultimately driving innovation and economic development in the region.




This information is meant to be a general summary of Precision Manufacturing Institute. 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.

Revenue
$1,720,780 (2021)
Expenses
$1,177,724 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $154
  • Program Service Revenue: $754,414
  • Gross Receipts: $1,720,780

Assets and Liabilities:

  • Total Assets: $3,144,521
  • Total Liabilities: $2,507,808
  • Net Assets: $636,713

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION REVENUE

Revenue

$754,414

Organization Details

Founding Year

1987

Principal Officer

Dennis F Wilke

Main Address

764 BESSEMER STREET SUITE 105, MEADVILLE, PA, 16335

NTEE Category

Code: X99Z - Religion related

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