Overview
What is Dakota Manufacturing Extension Partnership Inc?
Dakota Manufacturing Extension Partnership Inc, operating under the name Impact Dakota, is a nonprofit organization based in Bismarck, North Dakota. Their primary mission is to boost the competitiveness of manufacturing companies and other new wealth-creating enterprises, ultimately strengthening the country's economic vitality. In the fiscal year ending March 31, 2022, Dakota MEP provided technical assistance and training to 659 manufacturing firms in North Dakota, resulting in increased and retained sales of $38,518,828, cost savings of $2,755,170, investment leverage of $10,123,984, and the creation or retention of 254 jobs. The organization, with a team of 8 employees, offers these services to enhance the overall economic performance of their region.
Official website here: www.impactdakota.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
Dakota Manufacturing Extension Partnership Inc has achieved an impressive score of 92% on Charity Navigator, indicating a high level of accountability and financial management. The organization earned this rating primarily through its strong performance in various key financial metrics, showcasing its commitment to transparency and responsible fiscal practices. Notably, it scored full points for having a fully independent board and robust audit and oversight mechanisms.
The nonprofit also demonstrates prudent management of its resources, with a liabilities to assets ratio of 49.83% and a program expense ratio of 66.76%. These figures suggest that most of its funding is directed towards its programs, which is a positive indicator of its operational efficiency. The organization's adherence to policies regarding conflict of interest, whistleblower protections, and document retention further reflects its dedication to maintaining ethical standards.
While Dakota Manufacturing Extension Partnership Inc has performed exceptionally well in terms of accountability and finance, the program expense ratio could be seen as slightly below optimal, indicating that there may be room for improvement in maximizing program-related spending. Overall, the organization stands out as a reliable and responsible nonprofit within its sector.
This AI summary has been generated from information found on Charity Navigator.
Is Dakota Manufacturing Extension Partnership Inc legitimate?
Dakota Manufacturing Extension Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dakota Manufacturing Extension Partnership Inc 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: $966,159
For more financial information, click here
Official website here: www.impactdakota.com
What is the mission statement of Dakota Manufacturing Extension Partnership Inc?
Dakota Manufacturing Extension Partnership Inc's mission is centered around enhancing the competitiveness of various enterprises, including manufacturing companies and new wealth-creating industries. This endeavor is aimed at bolstering the economic vitality of the country. To achieve this goal, Dakota MEP provides technical assistance and training, ultimately leading to increased and retained sales, cost savings, investment leverage, and the creation or retention of jobs for these enterprises.
Official website here: www.impactdakota.com
What is the revenue of Dakota Manufacturing Extension Partnership Inc?
Dakota Manufacturing Extension Partnership Inc's revenue in 2024 was $1,565,919.
Official website here: www.impactdakota.com
Who are the executives of Dakota Manufacturing Extension Partnership Inc and what are their salaries?
The average compensation at Dakota Manufacturing Extension Partnership Inc during 2024 was $107,351. There are 9 employees at Dakota Manufacturing Extension Partnership Inc.
Here are 10 key members and their salaries:
- Compensation: $145,693
- Related: $0
- Other: $0
- Compensation: $131,567
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.impactdakota.com
Where can I find the form 990 for Dakota Manufacturing Extension Partnership Inc?
Dakota Manufacturing Extension Partnership Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.impactdakota.com
Learn more at the official website: www.impactdakota.com
Mission Statement of Dakota Manufacturing Extension Partnership Inc
Dakota Manufacturing Extension Partnership Inc is committed to enhancing the competitiveness of various industries, including manufacturing companies and new wealth-creating enterprises. Their mission is to contribute to the strengthening of the country's economic vitality by providing technical assistance and training to these entities. By doing so, Dakota MEP aims to support the growth and success of these industries, ultimately contributing to the overall health of the national economy. The organization's efforts have proven effective, as evidenced by the positive impact reported by their clients, including increased and retained sales, cost savings, investment leverage, and job creation and retention.
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Impact
July, 2024
Dakota Manufacturing Extension Partnership Inc's impact can be seen through its successful provision of technical assistance and training to 659 manufacturing firms in North Dakota during the fiscal year ending on March 31, 2022. An independent survey of 46 clients revealed significant benefits from the services received, including $38,518,828 in increased and retained sales, $2,755,170 in cost savings, $10,123,984 in investment leverage, and the creation and retention of 254 jobs. This demonstrates Dakota MEP's tangible contribution to enhancing the competitiveness and economic vitality of manufacturing companies and related industries in the region.
This information is meant to be a general summary of Dakota Manufacturing Extension Partnership Inc. 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 2024.
- Investment Income: $733
- Program Service Revenue: $322,503
- Gross Receipts: $1,565,919
Assets and Liabilities:
- Total Assets: $339,529
- Total Liabilities: $184,968
- Net Assets: $154,561
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLIENT SERVICES
Revenue
$322,503
Organization Details
Founding Year
2001
Principal Officer
Deann Berg
Website
www.impactdakota.comNTEE Category
Code: J02 - Employment
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