Overview
What is Applied Strategies International Ltd?
Applied Strategies International Ltd, based in Chicago, Illinois, is a nonprofit organization dedicated to supporting U.S. manufacturers facing temporary challenges due to import competition. They accomplish this mission through the Trade Adjustment Assistance for Firms program, a federal initiative funded by the U.S. Department of Commerce. By identifying eligible manufacturers, assisting in the development of recovery plans, and facilitating monetary assistance, Applied Strategies International Ltd aids in the recovery process, improving competitiveness, and creating jobs. Their operations cover Illinois, Minnesota, and Wisconsin, administering federal TAAF grants under the Economic Development Administration's Department of Commerce. With a team of two dedicated professionals, they strive to help U.S. manufacturers counteract setbacks and thrive in a competitive market.
Official website here: www.appliedstrategiesintl.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
Applied Strategies International Ltd has received a solid score of 85%, reflecting its commitment to accountability and financial responsibility. This rating is based solely on its Accountability & Finance metrics, highlighting the charity's strong practices in these areas. The organization boasts a significant percentage of independent board members, which enhances its governance structure and contributes positively to its reputation.
The charity has demonstrated effective financial oversight, with no material diversion of assets reported and a commendable program expense ratio of 100%. These indicators suggest that the organization is efficiently directing its resources towards its mission. Additionally, the presence of well-maintained financial statements and a clear conflict of interest policy further supports its operational integrity.
However, it is important to note that the organization is missing a whistleblower policy, which may be seen as a limitation in its governance practices. Nonetheless, the overall strengths in financial accountability and transparency demonstrate a commitment to ethical operations and effective management of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Applied Strategies International Ltd legitimate?
Applied Strategies International Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Applied Strategies International Ltd 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: $345,666
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.appliedstrategiesintl.com
What is the mission statement of Applied Strategies International Ltd?
Applied Strategies International Ltd's mission is centered around assisting U.S. manufacturers in overcoming temporary setbacks caused by international competition. They accomplish this by expediting the recovery process, enhancing competitiveness, and creating job opportunities. This mission is achieved through the Trade Adjustment Assistance for Firms program, a federal assistance initiative funded by the U.S. Department of Commerce. The company identifies eligible manufacturers, aids in the development of their recovery plans, and facilitates the monetary assistance to the manufacturers.
Official website here: www.appliedstrategiesintl.com
Who is the CEO of Applied Strategies International Ltd?
Thomas Zimolzak is the President/Treasurer of Applied Strategies International Ltd.
Official website here: www.appliedstrategiesintl.com
What is the revenue of Applied Strategies International Ltd?
Applied Strategies International Ltd's revenue in 2022 was $1,112,722.
Official website here: www.appliedstrategiesintl.com
Who are the executives of Applied Strategies International Ltd and what are their salaries?
The average compensation at Applied Strategies International Ltd during 2022 was $172,833. There are 2 employees at Applied Strategies International Ltd.
Here are 4 key members and their salaries:
- Compensation: $180,215
- Related: $0
- Other: $66,812
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $156,429
- Related: $0
- Other: $61,461
Official website here: www.appliedstrategiesintl.com
Where can I find the form 990 for Applied Strategies International Ltd?
Applied Strategies International Ltd's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.appliedstrategiesintl.com
Learn more at the official website: www.appliedstrategiesintl.com
Mission Statement of Applied Strategies International Ltd
Applied Strategies International (ASI) is an organization with a mission to aid U.S. manufacturers in overcoming temporary challenges caused by foreign competition. This is achieved by expediting the recovery process, enhancing competitiveness, and fostering job creation. ASI accomplishes this mission through the Trade Adjustment Assistance for Firms (TAAF) program, a federal assistance program funded by the U.S. Department of Commerce. The company identifies eligible manufacturers for this assistance, assists in developing their recovery plans, and facilitates the monetary aid distribution to the manufacturers. By doing so, ASI plays a crucial role in helping U.S. manufacturers counteract the effects of import competition and regain their competitive edge.
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Impact
October, 2024
Applied Strategies International Ltd (ASI) plays a crucial role in bolstering the manufacturing sector in Illinois, Minnesota, and Wisconsin by administering the Trade Adjustment Assistance for Firms (TAAF) program. This initiative is vital for U.S. manufacturers facing challenges from foreign competition, providing them with the necessary support to navigate temporary setbacks effectively. By facilitating technical assistance and funding for implementation projects conducted by external consultants, ASI empowers manufacturers to develop tailored recovery plans that enhance their competitiveness.
The organization's impact is significant, as it not only aids manufacturers in recovering from setbacks but also helps to preserve and create jobs in the community. ASI's efforts lead to stronger local economies and foster a resilient manufacturing workforce, ultimately contributing to long-term economic stability. Their commitment to improving the competitiveness of U.S. manufacturers ensures that these businesses can thrive despite the pressures of global trade dynamics.
This information is meant to be a general summary of Applied Strategies International Ltd. 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: $175
- Program Service Revenue: $15,169
- Gross Receipts: $1,112,722
Assets and Liabilities:
- Total Assets: $1,004,441
- Total Liabilities: $331,177
- Net Assets: $673,264
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE PLAN F
Revenue
$15,169
Organization Details
Founding Year
1982
Phone
(312) 368-4600Principal Officer
Thomas Zimolzak
Main Address
300 W ADAMS ST 440, CHICAGO, IL, 60606
NTEE Category
Code: S46I - Community improvement
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