Overview
What is Industrial Arts Institute Inc?
Industrial Arts Institute Inc, located in Onaway, Michigan, is a recognized nonprofit organization with a mission to inspire and develop a skilled workforce. By integrating innovative education with traditional training methods, they connect talented individuals with various industries in the professional trades sector. The institute is renowned for its contribution to building a proficient workforce, setting a new educational standard to empower future generations for wealth creation industries. With approximately 75 students trained in welding trades, Industrial Arts Institute Inc has 97 active student loans and 29 that have been repaid. The organization, with a team of 7 employees, continues its mission to develop individuals' assets and contribute to the professional trades workforce.
Official website here: www.iaiworks.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Industrial Arts Institute Inc has achieved a strong rating of 96%, reflecting its robust accountability and finance practices. This rating is significant as it indicates the organization operates with a high level of transparency and integrity, which is crucial for donor confidence. The charity primarily scores well due to its comprehensive independent board governance and strong financial management.
Key strengths include having a fully independent board and a solid program expense ratio of nearly 78%, showcasing that a significant portion of its resources is dedicated to its mission rather than administrative costs. The organization also maintains comprehensive financial documentation and policies, highlighting its commitment to ethical standards. However, there is a noted absence of a whistleblower policy, which could be considered a limitation in its governance practices.
Overall, the Industrial Arts Institute Inc stands out for its strong financial health and governance structure, which is crucial for ensuring effective use of donations. While improvements could be made in specific areas such as policy development, its high accountability score suggests a commitment to continuous improvement and responsible stewardship of resources.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Industrial Arts Institute Inc?
100% of the 20 reviewers on Facebook recommend Industrial Arts Institute Inc. Here is a summary of their reviews:
Many individuals express a deep appreciation for the inspiring environment this nonprofit creates. The organization is praised for turning dreams into reality and fostering creativity. Reviewers highlight the immense opportunities provided, emphasizing the impactful experiences they have enjoyed.
Overall, the overwhelming sentiment is one of enthusiasm and satisfaction. People find the services to be effective and transformative, indicating that the Industrial Arts Institute truly excels in fulfilling its mission.
This AI summary has been generated from reviews found on Facebook.
Is Industrial Arts Institute Inc legitimate?
Industrial Arts Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Industrial Arts Institute 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: $74,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $175,855
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Official website here: www.iaiworks.com
What is the mission statement of Industrial Arts Institute Inc?
The Industrial Arts Institute Inc's mission is centered around fostering a skilled workforce by blending innovative education with traditional training. This institution is renowned nationally for its role in shaping the professional trades workforce. By setting a new educational standard, it aims to empower the next generation, enabling them to contribute to wealth creation industries. The Institute's mission involves cultivating individual assets through time-honored training, with a focus on connecting talented individuals with suitable industries.
Official website here: www.iaiworks.com
Who is the CEO of Industrial Arts Institute Inc?
Thomas Moran is the President of Industrial Arts Institute Inc.
Official website here: www.iaiworks.com
What is the revenue of Industrial Arts Institute Inc?
Industrial Arts Institute Inc's revenue in 2023 was $802,824.
Official website here: www.iaiworks.com
Who are the executives of Industrial Arts Institute Inc and what are their salaries?
The average compensation at Industrial Arts Institute Inc during 2023 was $35,722. There are 7 employees and 6 volunteers at Industrial Arts Institute Inc.
Here are 7 key members and their salaries:
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- Compensation: $64,409
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- Other: $2,800
Official website here: www.iaiworks.com
Where can I find the form 990 for Industrial Arts Institute Inc?
Industrial Arts Institute Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.iaiworks.com
Learn more at the official website: www.iaiworks.com
Mission Statement of Industrial Arts Institute Inc
Industrial Arts Institute Inc, a nationally recognized organization, is committed to developing and inspiring a skilled workforce for wealth creation industries. Their mission is centered around empowering the next generation by combining innovative education with time-honored training. Through this approach, they aim to connect talented individuals with professional trade industries, thereby contributing significantly to the building of the professional trades workforce. The Institute is recognized for setting a new educational model standard, which has resulted in the development of approximately 75 students in welding trades, connecting their talents with the industry.
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Impact
July, 2024
Industrial Arts Institute Inc's impact lies in its development and inspiration of a skilled workforce through innovative education and traditional training. By training approximately 75 students in welding trades and connecting them with relevant industries, the institute has played a crucial role in bridging the gap between talent and professional trades. With 97 active student loans and 29 already paid off, the institute has not only provided educational opportunities but also supported students in achieving financial independence. Furthermore, by setting a new standard in educational models and empowering future generations for wealth creation industries, the Industrial Arts Institute has been nationally recognized for its significant contribution to building a strong professional trades workforce.
This information is meant to be a general summary of Industrial Arts Institute 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 2023.
- Investment Income: $12,683
- Program Service Revenue: $504,921
- Gross Receipts: $802,824
Assets and Liabilities:
- Total Assets: $832,084
- Total Liabilities: $121,659
- Net Assets: $710,425
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$504,921
Organization Details
Founding Year
2017
Phone
(989) 733-4369Principal Officer
Thomas Moran
Main Address
20902 WASHINGTON AVEPO BOX 241, ONAWAY, MI, 49765
Website
www.iaiworks.comNTEE Category
Code: B30 - Education
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