Overview
What is Illinois Manufacturing Excellence Center?
The Illinois Manufacturing Excellence Center (IMEC) is a Peoria-based, not-for-profit organization devoted to supporting manufacturing and technology-related businesses, and related industries. They provide a range of services, including technical assistance, management consulting, financial help, and training. During the reported period, IMEC served 1,866 smaller manufacturers through 777 technical assistance projects and 343 informal assistance engagements. Moreover, they disseminated essential information to over 10,000 manufacturing enterprises. IMEC's mission aims to boost the long-term economic and workforce competitiveness of Illinois and the nation by fostering innovation and the development of new practices, products, services, and production methods. Their operations are exclusively dedicated to educational and charitable purposes, with a workforce of 42 employees.
Official website here: www.imec.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
The Illinois Manufacturing Excellence Center has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance with a score of 96%. This rating indicates a high level of transparency and effective financial management, vital for maintaining donor trust and support.
The organization demonstrates significant strengths, including a fully independent board of directors and a comprehensive set of policies such as conflict of interest and whistleblower protections. Additionally, their financial metrics are robust, with a program expense ratio of 90.65%, suggesting that a large majority of their resources are directed toward fulfilling their mission rather than administrative costs.
However, while the organization excels in financial accountability, the summary does not provide insight into the specific impacts or effectiveness of its programs. Future assessments may benefit from evaluating program outcomes and community feedback to provide a fuller picture of the organization's overall effectiveness in achieving its goals.
This AI summary has been generated from information found on Charity Navigator.
Is Illinois Manufacturing Excellence Center legitimate?
Illinois Manufacturing Excellence Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois Manufacturing Excellence Center 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: $330,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $330,462
For more financial information, click here
Official website here: www.imec.org
What is the mission statement of Illinois Manufacturing Excellence Center?
The Illinois Manufacturing Excellence Center (IMEC) is a non-profit organization committed to enhancing the long-term economic and workforce competitiveness of the state and nation. This is achieved by stimulating innovation and the development of new practices, products, services, and production methods. IMEC operates exclusively for educational and charitable purposes. During the given period, they served 1866 smaller manufacturers with 777 technical assistance projects and 343 other informal assistance engagements. Furthermore, they disseminated vital information to over 10,000 smaller manufacturers and related enterprises.
Official website here: www.imec.org
Who is the CEO of Illinois Manufacturing Excellence Center?
David Boulay is the President of Illinois Manufacturing Excellence Center.
Official website here: www.imec.org
What is the revenue of Illinois Manufacturing Excellence Center?
Illinois Manufacturing Excellence Center's revenue in 2022 was $12,151,075.
Official website here: www.imec.org
Who are the executives of Illinois Manufacturing Excellence Center and what are their salaries?
The average compensation at Illinois Manufacturing Excellence Center during 2022 was $15,725. There are 42 employees at Illinois Manufacturing Excellence Center.
Here are 18 key members and their salaries:
- Compensation: $295,250
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Official website here: www.imec.org
Where can I find the form 990 for Illinois Manufacturing Excellence Center?
Illinois Manufacturing Excellence Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.imec.org
Learn more at the official website: www.imec.org
Mission Statement of Illinois Manufacturing Excellence Center
The Illinois Manufacturing Excellence Center (IMEC) is a not-for-profit organization that plays a crucial role in fostering long-term economic and workforce competitiveness at both the state and national levels. By stimulating innovation and the development of new practices, products, services, and production methods, IMEC operates exclusively for educational and charitable purposes.
IMEC provides vital assistance to manufacturing and technology-related firms, as well as to industries that have a significant impact on these enterprises. During the specified period, IMEC served 1866 smaller manufacturers through 777 technical assistance projects and 343 other informal engagement initiatives. Additionally, over 10,000 smaller manufacturers and manufacturing-related enterprises benefited from the dissemination of important information by IMEC.
IMEC's mission is geared towards enhancing the competitive edge of the manufacturing sector by promoting innovation, developing new practices, and providing essential resources. Through its commitment to education and charitable work, IMEC aims to contribute significantly to the long-term economic growth and workforce development of the industry.
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Impact
October, 2024
The Illinois Manufacturing Excellence Center (IMEC) significantly impacts the manufacturing sector by enhancing economic and workforce competitiveness. It achieves this through a comprehensive approach that includes providing technical, management, and financial assistance to smaller manufacturers and technology-related firms.
In a recent assessment period, IMEC engaged with 1,866 smaller manufacturers, executing 777 technical assistance projects and 343 additional informal engagements. These efforts not only foster innovation but also support the development of new practices, products, and services within the manufacturing landscape. Furthermore, the dissemination of information to over 10,000 manufacturers and related enterprises amplifies its reach and influence, ensuring that critical knowledge and best practices are accessible to a wider audience.
By stimulating innovation and promoting effective production practices, IMEC plays a pivotal role in strengthening the manufacturing industry's foundation, which is essential for maintaining long-term economic resilience and workforce development in both Illinois and the broader nation.
This information is meant to be a general summary of Illinois Manufacturing Excellence Center. 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: $16,944
- Program Service Revenue: $5,024,338
- Gross Receipts: $12,151,075
Assets and Liabilities:
- Total Assets: $8,493,504
- Total Liabilities: $1,953,814
- Net Assets: $6,539,690
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Client Projects
Revenue
$5,024,338
Organization Details
Founding Year
1996
Phone
(309) 677-3765Principal Officer
David Boulay
Main Address
1501 West Bradley Avenue, Peoria, IL, 61625
Website
www.imec.orgNTEE Category
Code: P20 - Human services
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