Overview
What is Pump Systems Matter Inc?
Pump Systems Matter Inc is a New Jersey-based nonprofit organization, specifically located at 300 Interpace Parkway Bld A, Parsippany, NJ 07054. Their mission revolves around the development and promotion of educational programs and materials related to pump system optimization. This is accomplished through the offering of professional development courses, tools, and materials, with the aim of raising awareness about the opportunities and benefits associated with optimizing pump systems. The funds they receive primarily come from sponsorships, which are crucial for their operations. The organization's activities are focused on educating professionals and raising awareness about the advantages of optimizing pump systems.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star Rating
Pump Systems Matter Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. Their overall score is driven entirely by their performance in the Accountability & Finance category, where they achieved a score of 79%. This suggests a reliable operational structure and transparency in financial dealings.
The organization boasts a fully independent board of directors, with all eight members meeting independence criteria. Their financial oversight mechanisms are robust, with full points awarded in areas such as audit and oversight committee functions, conflict of interest policies, and whistleblower protections. Moreover, they maintain a high program expense ratio of 86.36%, which signifies a strong commitment to directing resources towards their mission.
While the organization demonstrates excellent governance and fiscal responsibility, the single-focus rating may limit a broader understanding of their overall impact and effectiveness beyond financial metrics. However, based on the available data, Pump Systems Matter Inc shows a commendable commitment to accountability and responsible management of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Pump Systems Matter Inc legitimate?
Pump Systems Matter Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pump Systems Matter 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: $87,746
Professional Fundraising Fees: $0
Other Salaries and Wages: $373,711
For more financial information, click here
What is the mission statement of Pump Systems Matter Inc?
Pump Systems Matter Inc is dedicated to promoting awareness about the advantages and opportunities of optimizing pump systems. They achieve this by providing professional development courses, tools, and materials to a wide audience. By raising awareness, they hope to inspire the implementation of optimized pump systems for improved efficiency and performance. Their mission is funded through sponsorship revenue, which enables them to develop and distribute educational programs and materials related to pump system optimization.
What is the revenue of Pump Systems Matter Inc?
Pump Systems Matter Inc's revenue in 2023 was $621,545.
Who are the executives of Pump Systems Matter Inc and what are their salaries?
There 50 volunteers at Pump Systems Matter Inc.
Here are 13 key members and their salaries:
- Compensation: $76,256
- Related: $305,022
- Other: $57,453
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Where can I find the form 990 for Pump Systems Matter Inc?
Pump Systems Matter Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Pump Systems Matter Inc
Pump Systems Matter Inc, a non-profit organization, is dedicated to raising awareness about the opportunities and benefits of optimizing pump systems. Through professional development courses, tools, and materials, they aim to educate and empower individuals in this field. Their mission is centered around promoting the understanding and implementation of pump system optimization, with the ultimate goal of enhancing efficiency and sustainability.
The organization generates revenue through sponsorships, which they use to fund the development of educational programs and materials. By doing so, they contribute significantly to the advancement of knowledge in the field of pump system optimization, thereby encouraging best practices and innovation. In essence, Pump Systems Matter Inc serves as a catalyst for progress, fostering a culture of optimization and efficiency in the realm of pump systems.
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Impact
July, 2024
Pump Systems Matter Inc's impact lies in their dedication to developing and offering professional development courses, tools, and materials to raise awareness of the opportunities and benefits of pump systems optimization. By doing so, they contribute to the improvement of pump system efficiency and sustainability, ultimately benefiting both industries and the environment. Their work helps organizations optimize their pump systems, leading to energy savings, reduced maintenance costs, and overall improved operational efficiency.
This information is meant to be a general summary of Pump Systems Matter 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 2023.
- Program Service Revenue: $621,545
- Gross Receipts: $621,545
Assets and Liabilities:
- Total Assets: $776,639
- Total Liabilities: $657,471
- Net Assets: $119,168
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION
Revenue
$314,454
SPONSORSHIPS
Revenue
$307,091
Organization Details
Founding Year
2010
Principal Officer
Michael Michaud
NTEE Category
Code: C35 - Environment
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