Overview
What is Foundation For Manufacturing Excellence?
The Foundation For Manufacturing Excellence is a nonprofit organization based in Mount Airy, Maryland. Its primary mission is to support and strengthen the small to medium-sized manufacturing industry in the United States. They achieve this by offering educational and training activities, organizing and leading conferences and seminars to teach best business practices, and conducting studies and surveys to improve research supporting small manufacturers. The foundation aims to enhance the skills and knowledge of manufacturing service providers and partners, contributing to the overall growth and success of the industry. With a team of one dedicated individual, the foundation is committed to its mission.
Official website here: www.mfgfoundaton.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
The Foundation For Manufacturing Excellence has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 96%, the organization demonstrates a high degree of transparency and effective governance, as evidenced by its independent board composition and solid financial oversight.
Significant strengths include 100% independent board members and a high program expense ratio of 93.36%, indicating that the majority of its expenditures are directed towards its mission-driven activities. Additionally, it has implemented policies for conflict of interest, whistleblower protection, and document retention, showcasing a commitment to ethical practices and organizational integrity.
There are no noted limitations or red flags in the data provided, underscoring the Foundation's effective management and adherence to best practices in the nonprofit sector. Overall, the Foundation For Manufacturing Excellence stands out as a well-managed organization dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Manufacturing Excellence legitimate?
Foundation For Manufacturing Excellence is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Manufacturing Excellence 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: $120,000
For more financial information, click here
Official website here: www.mfgfoundaton.com
What is the mission statement of Foundation For Manufacturing Excellence?
The Foundation for Manufacturing Excellence was established with a mission to offer educational and training initiatives to support manufacturing service providers and partners, aiming to strengthen America's small to medium-sized manufacturing industry. The foundation organizes and leads educational conferences and seminars, instructing manufacturing service providers on best business practices. Additionally, it conducts studies and surveys to enhance research, thereby improving support for small manufacturers.
Official website here: www.mfgfoundaton.com
Who is the CEO of Foundation For Manufacturing Excellence?
Carrie Hines is the Chair of Foundation For Manufacturing Excellence.
Official website here: www.mfgfoundaton.com
What is the revenue of Foundation For Manufacturing Excellence?
Foundation For Manufacturing Excellence's revenue in 2022 was $1,181,360.
Official website here: www.mfgfoundaton.com
Who are the executives of Foundation For Manufacturing Excellence and what are their salaries?
The average compensation at Foundation For Manufacturing Excellence during 2022 was $120,000. There is 1 employee at Foundation For Manufacturing Excellence.
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Official website here: www.mfgfoundaton.com
Where can I find the form 990 for Foundation For Manufacturing Excellence?
Foundation For Manufacturing Excellence's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mfgfoundaton.com
Learn more at the official website: www.mfgfoundaton.com
Mission Statement of Foundation For Manufacturing Excellence
The Foundation for Manufacturing Excellence, established with a noble purpose, is committed to enhancing the educational and training activities of manufacturing service providers and partners. Its primary objective is to bolster America's small to medium-sized manufacturing industry. The foundation achieves this by organizing and leading educational conferences and seminars, instructing manufacturing service providers on best business practices. Furthermore, the foundation conducts studies and surveys to improve research, offering valuable support to small manufacturers. By doing so, the Foundation for Manufacturing Excellence plays a crucial role in fostering growth and innovation within the manufacturing sector.
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Impact
July, 2024
Foundation For Manufacturing Excellence's impact includes providing educational and training activities to support manufacturing service providers and partners. Additionally, the foundation organizes and leads educational conferences and seminars that instruct manufacturing service providers on best business practices. They also conduct studies and surveys to improve research supporting small manufacturers. Through these initiatives, the foundation contributes to strengthening America's small to medium-sized manufacturing industry.
This information is meant to be a general summary of Foundation For Manufacturing Excellence. 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: $93
- Gross Receipts: $1,181,360
Assets and Liabilities:
- Total Assets: $1,636,498
- Total Liabilities: $312,607
- Net Assets: $1,323,891
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Organization Details
Founding Year
2015
Phone
(202) 341-7066Principal Officer
Carrie Hines
Main Address
PO BOX 38, MT AIRY, MD, 21771
Website
www.mfgfoundaton.comNTEE Category
Code: B99 - Education
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