Overview
What is United States Cutting Tool Institute?
The United States Cutting Tool Institute is a nonprofit organization situated in Cleveland, Ohio. Its primary purpose is to foster collaboration and information exchange among U.S. cutting tool manufacturers. They achieve this through organizing meetings where senior executives can discuss and share insights on various topics, such as manufacturing and machining trends, market forecasting, and environmental regulations. These events help fulfill two of the Institute's main objectives: sponsoring educational and informational programs for its members and facilitating beneficial communication among its members for their collective welfare. A registration fee is charged to attend these meetings to offset costs, while sponsorship fees also contribute to meeting expenses. The Institute's mission is to promote, enhance, and expand the participation of U.S. cutting tool manufacturers, aiming to collectively improve product quality, safety, and environmental awareness.
Official website here: www.uscti.com
Is United States Cutting Tool Institute legitimate?
United States Cutting Tool Institute is a legitimate nonprofit organization registered as a 501(c)(6) entity. United States Cutting Tool Institute 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.
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Official website here: www.uscti.com
What is the mission statement of United States Cutting Tool Institute?
The United States Cutting Tool Institute's mission is centered around promoting, enhancing, and expanding participation among U.S. cutting tool manufacturers. The primary objective is to derive benefits from a unified industry effort, focusing on quality products, safety, and environmental awareness. The organization conducts meetings, providing a platform for senior executives to share insights and information on relevant business issues such as manufacturing trends, market forecasting, intellectual property, e-commerce, and environmental regulations. These meetings serve to educate members and foster friendly communication, ultimately benefiting their welfare. A registration fee is charged to offset meeting costs, with sponsorship fees also contributing to this aim.
Official website here: www.uscti.com
Who is the CEO of United States Cutting Tool Institute?
Bret Tayne is the Director, Immediate Past P of United States Cutting Tool Institute.
Official website here: www.uscti.com
What is the revenue of United States Cutting Tool Institute?
United States Cutting Tool Institute's revenue in 2022 was $710,562.
Official website here: www.uscti.com
Who are the executives of United States Cutting Tool Institute and what are their salaries?
There 210 volunteers at United States Cutting Tool Institute.
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Official website here: www.uscti.com
Where can I find the form 990 for United States Cutting Tool Institute?
United States Cutting Tool Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.uscti.com
Learn more at the official website: www.uscti.com
Mission Statement of United States Cutting Tool Institute
The United States Cutting Tool Institute is an organization dedicated to promoting, enhancing, and expanding the participation of U.S. cutting tool manufacturers. Their mission is to establish a joint and concentrated industry effort aimed at promoting quality products, safety, and environmental awareness. By doing so, the Institute seeks to secure the benefits derived from friendly communication and the exchange of information among its members for their own welfare. Furthermore, the Institute sponsors educational and informational programs of benefit to its members, as well as secures the advantages associated with such collaborative efforts. These programs cover various topics, including manufacturing and machining trends, market forecasting, trademarks and patents, the internet and e-commerce, and environmental regulations. The Institute also charges a separate registration fee for members who attend meetings to offset meeting costs, and sponsorship fees help defray these expenses.
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Impact
October, 2024
The United States Cutting Tool Institute catalyzes significant growth and collaboration within the cutting tool manufacturing sector. By organizing national meetings, it provides a vital platform where executives can exchange ideas and insights on key industry trends, such as manufacturing practices, market dynamics, and regulatory challenges. These gatherings foster a culture of education and information sharing, enabling members to navigate complex business landscapes more effectively.
Through discussions centered on timely topics like e-commerce, environmental regulations, and intellectual property issues, the Institute not only equips its members with valuable knowledge but also strengthens the collective voice of the industry. This collaborative environment enhances participation among U.S. cutting tool manufacturers, ultimately driving advancements in product quality and safety. Additionally, the Institute’s efforts in promoting environmental awareness contribute to responsible industry practices.
Overall, the United States Cutting Tool Institute plays a crucial role in building a cohesive industry community that prioritizes mutual welfare, knowledge sharing, and strategic growth, making it an integral contributor to the cutting tool manufacturing sector.
This information is meant to be a general summary of United States Cutting Tool Institute. 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: $8
- Program Service Revenue: $327,034
- Gross Receipts: $710,562
Assets and Liabilities:
- Total Assets: $1,060,008
- Total Liabilities: $217,167
- Net Assets: $842,841
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEETINGS & CONFERENCE INCOME
Revenue
$325,634
WEBINAR INCOME
Revenue
$1,400
Organization Details
Founding Year
1937
Phone
(216) 241-7333Principal Officer
Bret Tayne
Main Address
1300 SUMNER AVENUE, CLEVELAND, OH, 441152851
Website
www.uscti.comNTEE Category
Code: S41 - Community improvement
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