Overview
What is Floridamakes Inc?
Floridamakes Inc is a significant component of the National Institute of Standards and Technology's Manufacturing Extension Partnership (NIST MEP) system, located in Orlando, Florida. This nonprofit organization's mission is to enhance the productivity and technological capabilities of local manufacturers. By working with Floridamakes Inc, manufacturers can expect tailored services aimed at improving their profitability and growth, addressing specific manufacturing challenges, boosting productivity, adopting best practices, exploring new market opportunities, and enhancing processes through advanced technology or training. The organization's federal investment generates substantial returns for its clients, with each dollar invested leading to nearly $19 in new sales annually, and each $2,001 investment contributing to the creation or preservation of a U.S. manufacturing job. With a dedicated team of 54 employees, Floridamakes Inc plays a crucial role in supporting the growth and competitiveness of U.S. manufacturing.
Official website here: www.floridamakes.com
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)**
Floridamakes Inc has a score of 81%, which reflects significant strengths in accountability and financial management. The organization boasts a majority independent board and excellent oversight with all critical governance policies in place. Their Program Expense Ratio is strong at 90.38%, indicating a substantial portion of resources is directed toward their mission-related activities rather than administrative costs.
The rating highlights some limitations, particularly the liabilities to assets ratio, which received no points due to a figure of 87.96%. This could raise concerns about financial stability, especially when considering long-term sustainability. Still, the organization has earned a solid reputation for transparency, with published audit policies and clear documentation practices.
User reviews from GreatNonprofits are not available, so more direct public sentiment and experiences with Floridamakes Inc are lacking. Overall, the organization is positioned well in terms of financial health and governance but may need to address the liabilities issue to ensure future operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Floridamakes Inc legitimate?
Floridamakes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Floridamakes 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: $751,710
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,826,025
For more financial information, click here
Official website here: www.floridamakes.com
What is the mission statement of Floridamakes Inc?
Floridamakes Inc's mission is centered around enhancing the productivity and technological performance of small- and medium-sized manufacturers. They achieve this by providing business assessments, establishing business networks, offering leadership and workforce training, and engaging in in-plant consultations. Floridamakes is a part of the National Institute of Standards and Technology's Manufacturing Extension Partnership (NIST MEP) system, which aims to support the growth and competitive ability of U.S. manufacturers. The services provided by Floridamakes are tailored to help companies improve their profitability and growth, solve manufacturing problems, increase productivity, adopt best practices, explore new market opportunities, and enhance processes through advanced technology or training.
Official website here: www.floridamakes.com
Who is the CEO of Floridamakes Inc?
Kevin Carr is the Chief Executive Officer of Floridamakes Inc. The CEO's salary of Floridamakes Inc is $309,181 and their total compensation is $321,958.
Official website here: www.floridamakes.com
What is the revenue of Floridamakes Inc?
Floridamakes Inc's revenue in 2022 was $8,574,194.
Official website here: www.floridamakes.com
Who are the executives of Floridamakes Inc and what are their salaries?
The average compensation at Floridamakes Inc during 2022 was $84,773. There are 54 employees and 12 volunteers at Floridamakes Inc.
Here are 18 key members and their salaries (Floridamakes Inc's CEO's salary is $309,181 and their total compensation is $321,958):
- Compensation: $309,181
- Related: $0
- Other: $12,777
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- 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
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $218,557
- Related: $0
- Other: $21,940
- Compensation: $152,638
- Related: $0
- Other: $36,619
- Compensation: $170,127
- Related: $0
- Other: $15,084
- Compensation: $147,169
- Related: $0
- Other: $5,618
- Compensation: $146,833
- Related: $0
- Other: $39,721
- Compensation: $136,599
- Related: $0
- Other: $36,988
- Compensation: $116,264
- Related: $0
- Other: $32,481
Official website here: www.floridamakes.com
Where can I find the form 990 for Floridamakes Inc?
Floridamakes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.floridamakes.com
Learn more at the official website: www.floridamakes.com
Mission Statement of Floridamakes Inc
Floridamakes Inc, a key player in the National Institute of Standards and Technology's Manufacturing Extension Partnership (NIST MEP) system, is committed to enhancing the productivity and technological performance of small- and medium-sized manufacturers across Florida. Their mission is multifaceted, aimed at supporting the growth and competitive ability of U.S. manufacturing. Floridamakes Inc provides business assessments, fosters business networks, offers leadership and workforce training, and engages in in-plant consultative engagements. Their approach is designed to deliver a high return on investment, with every dollar of federal investment generating nearly $19 in new sales for their clients annually, translating to $2.5 billion annually at the national level. Additionally, for every $2,001 of federal investment, Floridamakes Inc helps companies create or retain one U.S. manufacturing job. The organization's services are tailored to address the specific needs and goals of each manufacturer, whether that entails solving a manufacturing problem, increasing productivity, adopting best practices, exploring new market opportunities, or enhancing processes through advanced technology or training. The focus is on driving results for the company, ultimately positioning them for future success.
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Impact
October, 2024
Floridamakes Inc significantly enhances the productivity and technological performance of Florida's manufacturers, particularly focusing on small- and medium-sized enterprises. By providing tailored business assessments, leadership and workforce training, and consultative engagements, Floridamakes equips manufacturers with the tools and knowledge needed to address specific challenges and optimize operations.
As part of the National Institute of Standards and Technology's Manufacturing Extension Partnership system, Floridamakes plays a vital role in strengthening U.S. manufacturing capabilities. The organization's efforts yield a substantial return on investment; for every dollar of federal investment, clients generate an average of nearly $19 in new sales, translating to a remarkable $2.5 billion annually. Additionally, approximately every $2,001 of federal investment assists in creating or retaining a manufacturing job, emphasizing the direct economic impact of their initiatives.
Floridamakes promotes sustainable growth for manufacturers by facilitating the adoption of best practices and advanced technologies, guiding companies to leverage their core capabilities, and positioning them to enter new markets. By focusing on measurable results that enhance profitability and operational efficiency, Floridamakes contributes to the long-term viability and competitiveness of Florida's manufacturing sector.
This information is meant to be a general summary of Floridamakes 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.
- Program Service Revenue: $2,812,920
- Gross Receipts: $8,574,194
Assets and Liabilities:
- Total Assets: $1,512,406
- Total Liabilities: $1,330,406
- Net Assets: $182,000
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RMA SERVICES CONTRACT
Revenue
$1,811,819
CONSULTATIVE SERVICES
Revenue
$858,905
MANUFACTURING SUMMIT
Revenue
$142,196
Organization Details
Founding Year
2010
Phone
(407) 450-7206Principal Officer
Kevin Carr
Main Address
210 E PINE STREET 735, ORLANDO, FL, 32801
Website
www.floridamakes.comNTEE Category
Code: B82 - Education
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