Overview
What is Mahoning Valley Manufacturers Foundation Inc?
Mahoning Valley Manufacturers Foundation Inc, based in Youngstown, Ohio, is a nonprofit organization with a mission to fostering education and training within the manufacturing sector in northeast Ohio and western Pennsylvania. They accomplish this by offering apprenticeship programs in various manufacturing trades. To achieve their objective, they provide grant support to the Mahoning Valley Manufacturers Coalition Inc., which in turn enhances the quality of training and education in the manufacturing field. The Foundation's efforts contribute to the development of a skilled workforce in the manufacturing sector, thereby supporting the local industry.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Star rating)
The Mahoning Valley Manufacturers Foundation Inc has received a rating of 71%, indicating a mixed performance in their accountability and financial practices. The organization's board is entirely independent, which is a positive sign for governance, reflected in their perfect score for majority independent board members. They also demonstrate strong practices by documenting board meeting minutes and maintaining a solid conflict of interest policy.
Strengths of the foundation include a commendable program expense ratio of 100%, suggesting that all of their expenses are directed towards their programs, which is beneficial for their mission. Additionally, they maintain a liabilities to assets ratio of 0.00%, indicating a strong financial position without debt obligations. These factors portray the organization as responsible in its financial stewardship.
However, the overall score of 71% suggests room for improvement in certain areas. While the foundation exhibits strong governance and financial practices, the two-star rating indicates that there may be other aspects of transparency or effectiveness that could be enhanced. Continued focus on these areas may help bolster their rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Mahoning Valley Manufacturers Foundation Inc legitimate?
Mahoning Valley Manufacturers Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mahoning Valley Manufacturers Foundation 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: $0
For more financial information, click here
What is the mission statement of Mahoning Valley Manufacturers Foundation Inc?
The Mahoning Valley Manufacturers Foundation Inc's mission is to foster the education and training of the manufacturing workforce in Northeast Ohio and Western Pennsylvania. They achieve this by providing grant support to local manufacturers' coalitions, contributing to the promotion of better training and specialized education in the manufacturing sector. The foundation's primary goal is to encourage the development of a skilled and capable workforce in the manufacturing industry. Their activities are geared towards enhancing the quality of education and training in various manufacturing trades, thereby strengthening the sector as a whole.
Who is the CEO of Mahoning Valley Manufacturers Foundation Inc?
Ryan Engelhardt is the President of Mahoning Valley Manufacturers Foundation Inc.
What is the revenue of Mahoning Valley Manufacturers Foundation Inc?
Mahoning Valley Manufacturers Foundation Inc's revenue in 2022 was $1,421,831.
Who are the executives of Mahoning Valley Manufacturers Foundation Inc and what are their salaries?
There 20 volunteers at Mahoning Valley Manufacturers Foundation Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- 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
Where can I find the form 990 for Mahoning Valley Manufacturers Foundation Inc?
Mahoning Valley Manufacturers Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mahoning Valley Manufacturers Foundation Inc
Mahoning Valley Manufacturers Foundation Inc is committed to promoting the education and training of the manufacturing workforce in Northeast Ohio and Western Pennsylvania. Their mission is to provide grant support to local manufacturers, aiming to enhance the quality of training and specialized education in the manufacturing field. By doing so, they contribute to the development of a skilled and capable workforce within the manufacturing sector, thereby strengthening the industry as a whole. The foundation's efforts are geared towards fostering a skilled workforce, which is essential for the competitiveness and growth of the manufacturing sector in the respective regions.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Mahoning Valley Manufacturers Foundation Inc's impact lies in the promotion of education and training for the manufacturing workforce in Northeast Ohio and Western Pennsylvania. By providing apprenticeship training in various manufacturing trades and grant support to the Mahoning Valley Manufacturers Coalition Inc., they contribute to better training and specialized education in the manufacturing field. This effort ultimately leads to community improvement by enhancing the skills and expertise of individuals in the manufacturing industry, bolstering the region's economic growth and development.
This information is meant to be a general summary of Mahoning Valley Manufacturers Foundation 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 2022.
- Gross Receipts: $1,421,831
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2011
Phone
(330) 744-1114Principal Officer
Ryan Engelhardt
Main Address
1201 CRESCENT STREET, YOUNGSTOWN, OH, 44501
NTEE Category
Code: S41 - Community improvement
If you are a representative of Mahoning Valley Manufacturers Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.