Overview
What is Ohio Energy & Advanced Manufacturing Center Inc?
Ohio Energy & Advanced Manufacturing Center Inc, located in Lima, Ohio, serves as a bridge between government, educational institutions, and manufacturers lacking the necessary capabilities or resources. Their primary mission is to transform innovative manufacturing and laboratory concepts, technologies, resources, and materials from the development stage into tangible applications. This process is designed to enhance product quality, speed up the manufacturing process, and reduce costs. The center's goal is to contribute to the advancement of manufacturing and laboratory sectors by facilitating the translation of ideas into practical applications.
Official website here: www.oeamc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Ohio Energy & Advanced Manufacturing Center Inc has received an 83% score from Charity Navigator, which reflects a solid level of accountability and financial health. The organization boasts a fully independent board, with 100% of its members meeting this criterion, and it has demonstrated strong practices in asset management and documentation of board meeting minutes.
Strengths include a high program expense ratio of 72.94%, indicating that a significant majority of its funds are allocated to its programs rather than administrative costs. However, the charity does have some areas for improvement, notably the absence of a whistleblower policy and a document retention and destruction policy, which could indicate gaps in governance practices.
Overall, while the Ohio Energy & Advanced Manufacturing Center Inc shows strengths in many key areas, addressing these policy deficiencies could enhance its operational transparency and trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Ohio Energy & Advanced Manufacturing Center Inc legitimate?
Ohio Energy & Advanced Manufacturing Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ohio Energy & Advanced Manufacturing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.oeamc.org
What is the mission statement of Ohio Energy & Advanced Manufacturing Center Inc?
The Ohio Energy & Advanced Manufacturing Center Inc's mission is to facilitate the transition of innovative manufacturing and laboratory concepts, technologies, resources, and materials from development to practical application. This aim is to enhance quality, reduce time, and lower costs. The organization serves as a bridge connecting government, educational institutions, and manufacturers lacking the necessary capabilities or resources to accomplish these tasks independently.
Official website here: www.oeamc.org
What is the revenue of Ohio Energy & Advanced Manufacturing Center Inc?
Ohio Energy & Advanced Manufacturing Center Inc's revenue in 2024 was $335,964.
Official website here: www.oeamc.org
Who are the executives of Ohio Energy & Advanced Manufacturing Center Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $6,000
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.oeamc.org
Where can I find the form 990 for Ohio Energy & Advanced Manufacturing Center Inc?
Ohio Energy & Advanced Manufacturing Center Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.oeamc.org
Learn more at the official website: www.oeamc.org
Mission Statement of Ohio Energy & Advanced Manufacturing Center Inc
The Ohio Energy & Advanced Manufacturing Center Inc, in its mission, aims to bridge the gap between the development of novel manufacturing and laboratory concepts, technologies, resources, and materials, and their practical application. By doing so, the center seeks to enhance quality, accelerate speed, and reduce costs in various sectors. The organization serves as a vital link between government entities, educational institutions, and manufacturers who may lack the necessary capability or resources to achieve these goals independently.
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Impact
August, 2024
Ohio Energy & Advanced Manufacturing Center Inc's impact lies in its ability to bridge the gap between innovative manufacturing and laboratory concepts and their practical application. By providing linkage between government, education, and manufacturers who lack the resources to do so independently, OEAMC is facilitating the development and implementation of new technologies that enhance quality, speed, and cost-efficiency in manufacturing processes.
Ultimately, OEAMC's work contributes to community improvement by fostering innovation and advancement in the manufacturing sector, bolstering economic growth, and enhancing the competitiveness of Ohio's industrial landscape.
This information is meant to be a general summary of Ohio Energy & Advanced Manufacturing 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 2024.
- Investment Income: $504
- Gross Receipts: $335,964
Assets and Liabilities:
- Total Assets: $2,633,650
- Total Liabilities: $700,000
- Net Assets: $1,933,650
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Organization Details
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