Overview
What is Pa Irc Network Foundation?
Pa Irc Network Foundation is a nonprofit organization based in Williamsport, Pennsylvania. Their primary mission is to foster collaboration among independent, not-for-profit economic development subcontractors, primarily focusing on supporting small and medium-sized manufacturers. They offer comprehensive technical and business assistance, including the implementation of commercially available process technologies, continuous process improvement, workforce development, innovation, and product development. Their initiatives aim to enhance and sustain the competitive ability of these manufacturers by helping them identify, assess, select, implement, and optimize suitable techniques and technologies. The organization is currently staffed by a team of three individuals. Beyond their core mission, Pa Irc Network Foundation is engaged in various projects within the Manufacturing Extension Partnership (MEP) program, such as developing a Toyota Kata business model and collaborating with Manufacturing USA Institutes.
Official website here: www.pamep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Pa Irc Network Foundation has earned a solid Three-Star rating from Charity Navigator, reflecting an overall score of 81%. This rating is notable for being derived entirely from their Accountability & Finance metrics, indicating a strong commitment to financial transparency and responsible governance. The foundation boasts a fully independent board, ensuring that there are no conflicts of interest, which is a significant strength.
In terms of financial management, the foundation excels with a program expense ratio of 95.67%, meaning that a substantial portion of its resources is directed towards its programs and services. Furthermore, the organization has implemented comprehensive policies regarding conflict of interest, whistleblower protections, and document retention, which contribute to its accountability. The financial oversight is backed by an audit committee, further enhancing trust in their fiscal practices.
While the data highlights several key strengths, such as strong governance and financial health, potential donors may want to consider the overall impact and effectiveness of the foundation's programs, which are not detailed in this score. Additionally, the salary of the Executive Director is noted, which could be a point of consideration for those evaluating compensation practices within nonprofits.
This AI summary has been generated from information found on Charity Navigator.
Is Pa Irc Network Foundation legitimate?
Pa Irc Network Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pa Irc Network Foundation 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: $126,815
Professional Fundraising Fees: $0
Other Salaries and Wages: $65,856
For more financial information, click here
Official website here: www.pamep.org
What is the mission statement of Pa Irc Network Foundation?
The Pa Irc Network Foundation's mission is to foster collaboration among independent, not-for-profit economic development subcontractors. Their primary objective is to enhance and support the competitive ability of small and medium-sized manufacturers. They achieve this by helping these manufacturers identify, assess, select, implement, and optimize techniques and technologies. The foundation manages a federal award that supports the collaboration among independent not-for-profit economic development subrecipients, providing comprehensive technical and business assistance to manufacturers. This assistance includes the implementation of commercially available process technologies, continuous process improvement, workforce development, innovation, and product development. The foundation is also engaged in various projects within the Manufacturing Extension Partnership (MEP) program, such as developing a replicable Toyota Kata business model and piloting advanced manufacturing technologies in various industry sectors.
Official website here: www.pamep.org
Who is the CEO of Pa Irc Network Foundation?
Rikki Riegner is the Chairperson of Pa Irc Network Foundation. The CEO's salary of Pa Irc Network Foundation is $119,235 and their total compensation is $131,501.
Official website here: www.pamep.org
What is the revenue of Pa Irc Network Foundation?
Pa Irc Network Foundation's revenue in 2022 was $6,193,798.
Official website here: www.pamep.org
Who are the executives of Pa Irc Network Foundation and what are their salaries?
The average compensation at Pa Irc Network Foundation during 2022 was $64,224. There are 3 employees and 15 volunteers at Pa Irc Network Foundation.
Here are 17 key members and their salaries (Pa Irc Network Foundation's CEO's salary is $119,235 and their total compensation is $131,501):
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- Compensation: $119,235
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- Other: $12,266
Official website here: www.pamep.org
Where can I find the form 990 for Pa Irc Network Foundation?
Pa Irc Network Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pamep.org
Learn more at the official website: www.pamep.org
Mission Statement of Pa Irc Network Foundation
The Pa Irc Network Foundation, in its mission, aims to foster collaboration among independent not-for-profit economic development subcontractors. This collaboration is instrumental in enhancing and supporting the competitive ability of small and medium-sized manufacturers. The foundation accomplishes this by assisting these manufacturers in identifying, assessing, selecting, implementing, and optimizing techniques and technologies. The ultimate goal is to help these manufacturers improve their processes and products, leading to increased efficiency and competitiveness in the market.
To achieve this mission, the Pa Irc Network Foundation manages a federal award that supports the collaboration among independent not-for-profit economic development subrecipients. These subrecipients provide comprehensive technical and business assistance to small and medium-sized manufacturers. This assistance can range from the implementation of commercially available process technologies to continuous process improvement, workforce development, innovation, and product development.
In addition to this primary role, the Pa Irc Network Foundation is engaged in various projects within the Manufacturing Extension Partnership (MEP) program. These projects include developing a Toyota Kata business model that can be replicated at other state MEP centers, piloting advanced manufacturing technologies within various industry sectors, collaborating with Manufacturing USA Institutes, and engaging in other related activities. Through these projects, the foundation seeks to contribute to the broader goal of enhancing the competitiveness of small and medium-sized manufacturers in the United States.
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Impact
July, 2024
Pa Irc Network Foundation's impact lies in supporting the collaboration among independent not-for-profit economic development subcontractors to enhance and support the competitive ability of small and medium-sized manufacturers. By providing comprehensive technical and business assistance, such as implementing commercially available process technologies, continuous process improvement, workforce development, innovation, and product development, Pa Irc Network Foundation plays a vital role in boosting the growth and competitiveness of manufacturing businesses. Additionally, their involvement in projects like developing a Toyota Kata business model and piloting advanced manufacturing technologies demonstrates a commitment to innovation and industry advancement. Through collaborations with various organizations and institutes, Pa Irc Network Foundation contributes to strengthening the manufacturing sector and fostering economic development in the community.
This information is meant to be a general summary of Pa Irc Network Foundation. 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: $49
- Gross Receipts: $6,193,798
Assets and Liabilities:
- Total Assets: $229,668
- Total Liabilities: $155,588
- Net Assets: $74,080
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Organization Details
Founding Year
2014
Phone
(570) 308-3312Principal Officer
Rikki Riegner
Main Address
1 COLLEGE AVENUE DEPT 32, WILLIAMSPORT, PA, 177015778
Website
www.pamep.orgNTEE Category
Code: S30 - Community improvement
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