Overview
What is Drma Foundation?
The Drma Foundation, based in Dayton, Ohio, is a nonprofit organization that primarily focuses on bolstering the manufacturing workforce in its region. Their mission is to improve educational opportunities within the manufacturing sector by collaborating with schools, advocating for workforce needs, and organizing events. Specifically, they fund initiatives aimed at ensuring competence and growth in manufacturing, such as hosting National Manufacturing Day events, producing career awareness videos, incorporating industry-recognized credentials into educational programs, expanding apprenticeships, and serving on advisory committees at local high schools and colleges. By working with various organizations and schools, the Drma Foundation aims to advocate for the workforce requirements of its members both locally, nationally, and across the state.
Official website here: www.daytonrma.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Drma Foundation has achieved a remarkable score of 97%, reflecting a strong commitment to accountability and financial transparency. This rating is based entirely on its Accountability & Finance score, indicating that the foundation adheres to high standards in these areas, which is essential for building donor trust and ensuring effective use of funds.
The foundation boasts a fully independent board, with 80% of its members being independent, which enhances decision-making integrity. Additionally, it has no reported material diversion of assets, a low liabilities-to-assets ratio of 4.93%, and a high program expense ratio of 95.39%, demonstrating that the majority of its funding is directed towards its mission rather than administrative costs.
While the organization excels in various aspects of governance and financial management, the summary does not highlight specific programmatic outcomes or community impact, which are also crucial for evaluating the overall effectiveness of a nonprofit. Overall, the Drma Foundation stands out for its strong financial practices and governance, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Drma Foundation legitimate?
Drma Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Drma Foundation 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.daytonrma.org
What is the mission statement of Drma Foundation?
The Drma Foundation's mission is centered around enhancing educational opportunities within the manufacturing industry. It achieves this by providing funding for initiatives that aim to build and sustain a qualified workforce for the sector. One of its key initiatives is the Dayton Region Manufacturing Workforce Partnership (DRMWP), an OMA-endorsed sector partnership. This partnership develops and executes strategic initiatives to ensure manufacturing competence and growth in the region. It organizes local events for National Manufacturing Day, produces career awareness videos of manufacturing facilities, conducts career awareness events with students, collaborates with schools to incorporate industry-recognized credentials into their programs, expands apprenticeships, serves on advisory committees at high schools and colleges, and advocates for members' workforce needs at a local, statewide, and nationwide level.
Official website here: www.daytonrma.org
Who is the CEO of Drma Foundation?
Angelia Erbaugh is the Chairman of Drma Foundation.
Official website here: www.daytonrma.org
What is the revenue of Drma Foundation?
Drma Foundation's revenue in 2022 was $169,430.
Official website here: www.daytonrma.org
Who are the executives of Drma Foundation and what are their salaries?
Here are 5 key members and their salaries:
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- Related: $139,391
- Other: $1,073
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Official website here: www.daytonrma.org
Where can I find the form 990 for Drma Foundation?
Drma Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.daytonrma.org
Learn more at the official website: www.daytonrma.org
Mission Statement of Drma Foundation
The Drma Foundation, with a focus on enhancing educational opportunities, dedicates its resources to supporting initiatives that build and sustain a qualified workforce within the manufacturing industry. Its mission is to provide funding for Drma-endorsed projects, specifically aimed at developing and maintaining a competent workforce that contributes to the growth of the regional manufacturing sector.
To achieve this goal, the Drma Foundation actively participates in various initiatives. It spearheads the Dayton Region Manufacturing Workforce Partnership (DRMWP), an OMA-approved sector partnership, whose primary objective is to develop and execute strategies that align workforce efforts, ensuring manufacturing competence and expansion throughout the region. The Drma Foundation's involvement encompasses organizing local events for National Manufacturing Day, producing career awareness videos showcasing manufacturing facilities, conducting career awareness events with students, and collaborating with schools to incorporate industry-recognized credentials into their programs.
Furthermore, the Drma Foundation expands apprenticeship opportunities, serves on advisory committees at area high schools and colleges, and collaborates with numerous organizations and schools to advocate for members' workforce needs at both local, state, and national levels. By engaging in these initiatives, the Drma Foundation plays a pivotal role in shaping the future of the manufacturing industry, ensuring a qualified workforce that contributes to the sector's growth and competitiveness.
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Impact
October, 2024
Drma Foundation significantly enhances educational opportunities within the manufacturing industry by focusing on workforce development initiatives. Through the Dayton Region Manufacturing Workforce Partnership (DRMWP), it strategically aligns workforce efforts to bolster manufacturing competence and growth throughout the region.
Key activities include organizing National Manufacturing Day events locally, producing career awareness videos that highlight manufacturing facilities, and conducting hands-on career awareness events for students. The Foundation collaborates with educational institutions to integrate industry-recognized credentials into their curricula, expanding apprenticeship programs and serving on advisory committees at local high schools and colleges.
By working closely with various organizations and schools, Drma Foundation advocates for the workforce needs of its members on multiple levels—locally, statewide, and nationally. Its mission is to build and sustain a qualified workforce that supports the ongoing success and evolution of the manufacturing industry in the Dayton area.
This information is meant to be a general summary of Drma Foundation. 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: $98
- Gross Receipts: $223,988
Assets and Liabilities:
- Total Assets: $176,314
- Total Liabilities: $30,420
- Net Assets: $145,894
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Organization Details
Founding Year
2008
Phone
(937) 949-4000Principal Officer
Angelia Erbaugh
Main Address
205 EAST FIRST STREET 202, DAYTON, OH, 45402
Website
www.daytonrma.orgNTEE Category
Code: B02 - Education
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