Overview
What is Maryland Mep Inc?
Maryland Mep Inc, headquartered in Columbia, Maryland, serves as a vital resource for manufacturers in the state. With a team of 11 dedicated individuals, their mission is to boost the manufacturing sector in Maryland by enhancing the competitiveness and profitability of local businesses. They achieve this by connecting manufacturers to essential resources, expertise, and assistance. Maryland Mep Inc identifies and delivers a wide array of consulting services, including process improvement, technical skills, and funding opportunities, through collaborative relationships with key service partners. Their ultimate goal is to be the go-to resource for manufacturers in Maryland, providing them with the necessary tools to innovate, streamline processes, and expand their businesses.
Official website here: www.mdmep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Maryland Mep Inc has received a commendable Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The charity scores particularly well in board independence and financial oversight, with full marks in several key areas including independent board composition and the presence of an audit committee. This suggests a strong governance structure and effective financial practices.
Despite these strengths, there is a notable limitation in the charity's rating due to the absence of a whistleblower policy, which could impact the organization's overall accountability. Additionally, while the organization demonstrates an impressive program expense ratio, indicating that a significant portion of its budget is allocated to programs, its liabilities to assets ratio of 63.13% raises some concerns about financial stability.
Overall, Maryland Mep Inc shows a commitment to transparency and responsible management of funds, but it would benefit from addressing the gaps in its policies to enhance its governance framework even further.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Maryland Mep Inc?
100% of 9 reviewers on Facebook recommend Maryland Mep Inc. Here is a summary of their reviews:
The reviews highlight a strong appreciation for the nonprofit’s focus on empowering the manufacturing sector. Supporters laud the organization's dedication to enhancing skills and providing valuable resources to both individuals and businesses in the industry.
Overall, Maryland Mep Inc seems to resonate positively with its audience, with users expressing confidence in the impact the organization has on the manufacturing landscape. The commitment to foster growth and development is clearly evident in the praises shared by those who have engaged with their services.
This AI summary has been generated from reviews found on Facebook.
Is Maryland Mep Inc legitimate?
Maryland Mep Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maryland Mep 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: $635,263
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mdmep.org
What is the mission statement of Maryland Mep Inc?
Maryland MEP Inc's mission is centered around boosting the manufacturing sector. Specifically, it aims to make manufacturers more competitive and profitable within the state. To achieve this, Maryland MEP promotes business growth and connects manufacturers to essential resources, expertise, and assistance. The organization's team identifies, convenes, and delivers a range of consulting services and resources to enhance efficiency, growth, and competitiveness for Maryland companies. Their vision is to become the go-to resource for manufacturers, providing links and access to knowledge, funding, technology, and the technical skills needed for innovation, process improvement, and business growth. They achieve this through building, managing, and consistently evaluating collaborative relationships with key service partners.
Official website here: www.mdmep.org
Who is the CEO of Maryland Mep Inc?
Michael Kelleher is the Director of Maryland Mep Inc. The CEO's salary of Maryland Mep Inc is $263,484 and their total compensation is $318,618.
Official website here: www.mdmep.org
What is the revenue of Maryland Mep Inc?
Maryland Mep Inc's revenue in 2022 was $4,450,381.
Official website here: www.mdmep.org
Who are the executives of Maryland Mep Inc and what are their salaries?
The average compensation at Maryland Mep Inc during 2022 was $57,751. There are 11 employees at Maryland Mep Inc.
Here are 12 key members and their salaries (Maryland Mep Inc's CEO's salary is $263,484 and their total compensation is $318,618):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $263,484
- Related: $0
- Other: $55,134
- Compensation: $371,779
- Related: $0
- Other: $82,079
- Compensation: $236,134
- Related: $0
- Other: $43,384
- Compensation: $186,840
- Related: $0
- Other: $38,240
- Compensation: $172,033
- Related: $0
- Other: $46,633
- Compensation: $154,020
- Related: $0
- Other: $35,670
- Compensation: $140,654
- Related: $0
- Other: $24,254
Official website here: www.mdmep.org
Where can I find the form 990 for Maryland Mep Inc?
Maryland Mep Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mdmep.org
Learn more at the official website: www.mdmep.org
Mission Statement of Maryland Mep Inc
Maryland Mep Inc, with its mission at heart, strives to foster growth within the manufacturing sector of Maryland. This nonprofit organization aims to make local manufacturers more competitive and profitable by connecting them to essential resources and expertise. Maryland Mep Inc identifies, convenes, and delivers a comprehensive suite of manufacturing-oriented consulting services and resources to manufacturers, enabling improved efficiency, growth, and competitiveness. The team's vision is for Maryland Mep Inc to be the go-to resource for manufacturers, providing links and access to knowledge, funding, technology, and the technical skills and resources required to innovate, improve processes, and grow their businesses. By building, managing, and consistently evaluating collaborative relationships with key service partners, Maryland Mep Inc provides manufacturers with the necessary information and hands-on assistance to implement proactive solutions and actions, ultimately helping them succeed.
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Impact
October, 2024
Maryland MEP Inc plays a crucial role in enhancing the manufacturing landscape within the state of Maryland. By providing tailored consulting services, the organization helps manufacturers improve their efficiency and competitiveness, ultimately contributing to their profitability. Maryland MEP acts as a vital link between manufacturers and essential public and private resources, offering expertise that is often critical for growth.
Through its comprehensive suite of services, Maryland MEP identifies and brings together the necessary resources, knowledge, and technology that manufacturers need to innovate and streamline their processes. Their commitment to fostering collaborative relationships with key service partners, such as the Maryland Department of Labor, Licensing and Regulation (DLLR) and the Maryland Department of Commerce, amplifies their impact by ensuring manufacturers have access to a broader network of support.
The organization’s vision is to become the "go to" resource for Maryland manufacturers, ensuring they can leverage the right tools and information to thrive. By facilitating access to vital resources and providing hands-on assistance, Maryland MEP empowers manufacturers to proactively adopt solutions that lead to sustainable business growth. This not only benefits individual companies but also strengthens Maryland's overall manufacturing sector, driving community improvement and economic vitality across the state.
This information is meant to be a general summary of Maryland Mep 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: $1,536,671
- Gross Receipts: $4,450,381
Assets and Liabilities:
- Total Assets: $387,238
- Total Liabilities: $244,490
- Net Assets: $142,748
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROJECT SERVICE FEES
Revenue
$1,536,671
Organization Details
Founding Year
2004
Phone
(410) 505-4142Principal Officer
Michael Kelleher
Main Address
8894 STANFORD BLVD 304, COLUMBIA, MD, 21045
Website
www.mdmep.orgNTEE Category
Code: S40 - Community improvement
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