Overview
What is Metals Service Center Institute Foundation?
The Metals Service Center Institute Foundation, located in Rolling Meadows, Illinois, is a nonprofit organization dedicated to supporting the education of children of employees within its local chapters. Through scholarship funds, the institution matches grants issued by local member organizations or chapters, thereby contributing to post-secondary education. This initiative aligns with the organization's primary purpose of fostering continuing education, as stated in its mission description.
Official website here: www.msci.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
The Metals Service Center Institute Foundation has received an 82% rating from Charity Navigator, reflecting a solid performance primarily in accountability and finance. This rating suggests that the organization is effectively managing its resources and maintaining transparency, which is crucial for donor trust and engagement.
Significant strengths include a fully independent board comprising five members, with a perfect score in material diversion of assets, indicating no mismanagement of funds. The foundation also adheres to essential policies, including conflict of interest and whistleblower protections, contributing to its overall strong accountability profile. Additionally, a high program expense ratio of nearly 89% indicates that a large portion of their expenditures directly supports their mission.
However, while the financial aspects are well-documented and transparent, the summary does not provide insights into the impact or effectiveness of their programs. Moreover, the salaries of key personnel, particularly the president and secretary, may raise questions about compensation ethics given the Foundation's financial standing. Overall, the foundation demonstrates a commitment to responsible governance, but further information on program outcomes would be beneficial for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Metals Service Center Institute Foundation legitimate?
Metals Service Center Institute Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metals Service Center Institute 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.msci.org
What is the mission statement of Metals Service Center Institute Foundation?
The Metals Service Center Institute Foundation's mission is geared towards providing scholarship funds. These funds are intended for local chapters to distribute, specifically for post-secondary education of the employees' children. The purpose of this foundation is to support continuing education, as outlined in its mission description. The funds provided by the foundation serve as a matching mechanism to scholarship grants issued by local member organizations or chapters.
Official website here: www.msci.org
Who is the CEO of Metals Service Center Institute Foundation?
M Robert Weidner Iii is the President & Ceo of Metals Service Center Institute Foundation. The CEO's salary of Metals Service Center Institute Foundation is $0 and their total compensation is $713,280.
Official website here: www.msci.org
What is the revenue of Metals Service Center Institute Foundation?
Metals Service Center Institute Foundation's revenue in 2022 was $6,730.
Official website here: www.msci.org
Who are the executives of Metals Service Center Institute Foundation and what are their salaries?
Here are 7 key members and their salaries (Metals Service Center Institute Foundation's CEO's salary is $0 and their total compensation is $713,280):
- Compensation: $0
- Related: $606,216
- Other: $107,064
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $264,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.msci.org
Where can I find the form 990 for Metals Service Center Institute Foundation?
Metals Service Center Institute Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.msci.org
Learn more at the official website: www.msci.org
Mission Statement of Metals Service Center Institute Foundation
The Metals Service Center Institute Foundation is committed to furthering education by providing scholarship funds. This nonprofit organization's mission is to support local chapters in distributing these funds for post-secondary education to the children of its members' employees. The purpose of the foundation's continuing education initiative is to match scholarship grants issued by local member organizations or chapters, thereby aiding in the academic pursuits of the next generation. The Metals Service Center Institute Foundation plays a significant role in fostering educational opportunities, thereby empowering the future generation.
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Impact
October, 2024
The Metals Service Center Institute Foundation significantly enhances educational opportunities for the children of employees working within the metals service sector. By providing scholarship funds that match grants issued by local chapters, the foundation empowers these chapters to distribute financial assistance for post-secondary education. This initiative not only alleviates the financial burden on families but also promotes higher education and skill development within the community. The foundation's efforts contribute to improving community welfare and fostering a culture of learning and advancement, ultimately paving the way for a more skilled workforce within the industry.
This information is meant to be a general summary of Metals Service Center Institute 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.
- Gross Receipts: $6,730
Assets and Liabilities:
- Total Assets: $7,880
- Total Liabilities: $5,520
- Net Assets: $2,360
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Organization Details
Founding Year
1978
Phone
(847) 485-3000Principal Officer
M Robert Weidner Iii
Main Address
4201 EUCLID AVENUE, ROLLING MEADOWS, IL, 600082025
Website
www.msci.orgNTEE Category
Code: S41 - Community improvement
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