Overview
What is Management Training And Consulting Corporation?
Management Training and Consulting Corporation is a nonprofit organization located in Marion, Illinois. Their primary mission involves providing funding for various training programs, including classroom instruction, on-the-job training, and employment services. This assistance is extended to economically disadvantaged individuals, unemployed persons, and dislocated workers. The organization also offers career and training services, such as post-secondary education and job search assistance. Furthermore, Management Training and Consulting Corporation provides business services, including work experience, on-the-job training, incumbent worker programs, and job postings for local businesses. Their goal is to contribute to the economic and social development of the region, ultimately improving the community's workforce.
Official website here: www.mantracon.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Management Training And Consulting Corporation has received a Two-Star out of Four Star rating from Charity Navigator, reflecting a score of 66%. This indicates a need for improvements in accountability and financial practices, particularly concerning board independence and oversight. The organization has strengths in program expense management, showcasing a very high program expense ratio of 99.02%, which suggests that nearly all of its funds are directed toward its mission-related activities.
However, the organization faces significant challenges in governance, as indicated by its lack of independent board members. With a score of 0% for both majority independent board members and independent board size, there appears to be little oversight from external parties. While the organization has established certain important policies, such as conflict of interest and whistleblower protections, the absence of independent oversight raises concerns about accountability.
Additionally, while the organization has a strong commitment to transparency with its audit and oversight committee, the missing tax form on its website is a notable gap. The liabilities to assets ratio of 97.36% also highlights potential financial risk, as it suggests that the organization's liabilities are nearly equal to its assets. Overall, while Management Training And Consulting Corporation effectively focuses on its programs, it should address governance and financial transparency to enhance its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Management Training And Consulting Corporation legitimate?
Management Training And Consulting Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Management Training And Consulting Corporation 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.mantracon.org
What is the mission statement of Management Training And Consulting Corporation?
Management Training and Consulting Corporation is committed to providing funding and resources for classroom training, on-the-job training, and employment services to low-income individuals and displaced workers. Their mission extends beyond this, as they also offer community-based economic and workforce development services. These services contribute to the economic and social development of the region. They manage the allocation of training and education funding, oversee on-the-job training programs, and provide employment services, all aimed at fostering personal and professional growth among their clientele.
Official website here: www.mantracon.org
Who is the CEO of Management Training And Consulting Corporation?
Robyn Russell is the Member of Management Training And Consulting Corporation.
Official website here: www.mantracon.org
What is the revenue of Management Training And Consulting Corporation?
Management Training And Consulting Corporation's revenue in 2023 was $3,333,803.
Official website here: www.mantracon.org
Who are the executives of Management Training And Consulting Corporation and what are their salaries?
There are 93 employees at Management Training And Consulting Corporation.
Here are 8 key members and their salaries:
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Official website here: www.mantracon.org
Where can I find the form 990 for Management Training And Consulting Corporation?
Management Training And Consulting Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mantracon.org
Learn more at the official website: www.mantracon.org
Mission Statement of Management Training And Consulting Corporation
Management Training and Consulting Corporation is committed to supporting the economic and social development of its community. They achieve this by providing funding for classroom training, on-the-job training, and employment services to low-income individuals and displaced workers. This nonprofit organization also offers community-based economic and workforce development services, contributing significantly to the region's growth. Their services extend beyond funding management, including on-the-job training and employment services. By managing the training and education funding effectively, this corporation plays a crucial role in equipping individuals with the necessary skills, thereby enhancing their employability and leading to a more prosperous community.
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Impact
October, 2024
Management Training And Consulting Corporation plays a vital role in enhancing the economic and social fabric of the Marion, IL region by focusing on workforce development and supporting underserved communities. By providing funding for classroom training, on-the-job training, and employment services, they empower low-income and dislocated workers, equipping them with essential skills necessary for employment in today's job market.
The organization’s community-based approach fosters economic growth by addressing the specific needs of economically disadvantaged and unemployed individuals. Their services, which include managing training and education funding, as well as offering comprehensive career and training services, are instrumental in connecting individuals with opportunities for post-secondary education, job search assistance, and work experience.
Moreover, by partnering with local businesses to offer job postings and on-the-job training programs, Management Training And Consulting Corporation not only assists job-seekers but also strengthens the local labor market. Their commitment to economic and workforce development contributes significantly to the region's overall growth, ensuring that the communities they serve are well-equipped to meet the challenges of the modern economy and improve their quality of life.
This information is meant to be a general summary of Management Training And Consulting Corporation. 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 2023.
- Investment Income: $16
- Gross Receipts: $3,333,803
Assets and Liabilities:
- Total Assets: $1,148,417
- Total Liabilities: $1,118,161
- Net Assets: $30,256
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Organization Details
Phone
(618) 998-0970Principal Officer
Robyn Russell
Main Address
3117 CIVIC CIRCLE BLVD SUITE B, MARION, IL, 62959
Website
www.mantracon.orgNTEE Category
Code: J22Z - Employment
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