Overview
What is Young Adults Manufacturer Training Employment Program Inc?
Young Adults Manufacturer Training Employment Program Inc, located in Rochester, New York, is a nonprofit organization dedicated to empowering young adults from disadvantaged backgrounds. They offer vocational training programs, helping these individuals acquire the necessary skills to secure employment in the assembly and manufacturing industries. The organization's mission is rooted in combating poverty and unemployment, leveraging the expertise of the manufacturing industry to provide training with the ultimate goal of offering jobs and potential careers. With a team of 31 dedicated individuals, they strive to make a significant impact in their community.
Official website here: www.yamtep.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
The Young Adults Manufacturer Training Employment Program Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization scored particularly well in areas concerning board governance and financial oversight, with an impressive 85% of its board members being independent, indicating strong governance practices.
However, there are notable areas for improvement, as the organization lacks key policies such as a conflict of interest policy and a whistleblower policy. The absence of these policies may raise concerns about transparency and accountability, which are important for fostering trust among stakeholders. Additionally, while the program expense ratio is commendable at 80.11%, the overall score predominantly relies on a single evaluation area, primarily accountability and finance.
Despite these limitations, the organization demonstrates a commitment to financial health, with a liabilities to assets ratio of 45.91%. This suggests a balanced approach to managing resources, which is critical for sustaining its mission and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Young Adults Manufacturer Training Employment Program Inc legitimate?
Young Adults Manufacturer Training Employment Program Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Young Adults Manufacturer Training Employment Program 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: $148,282
Professional Fundraising Fees: $0
Other Salaries and Wages: $282,300
For more financial information, click here
Official website here: www.yamtep.com
What is the mission statement of Young Adults Manufacturer Training Employment Program Inc?
The Young Adults Manufacturer Training Employment Program Inc is dedicated to combating poverty and unemployment through the manufacturing industry. Leveraging its expertise in this field, the organization offers vocational training programs for young adults from disadvantaged backgrounds. The primary goal is to equip these individuals with the necessary job skills, enabling them to secure employment and potentially build a career in assembly and machine manufacturing industries. By providing this training, the program aims to offer a pathway out of unemployment and poverty, empowering these young adults to lead more fulfilling lives.
Official website here: www.yamtep.com
Who is the CEO of Young Adults Manufacturer Training Employment Program Inc?
Tyrone Reaves is the President & Board Member of Young Adults Manufacturer Training Employment Program Inc.
Official website here: www.yamtep.com
What is the revenue of Young Adults Manufacturer Training Employment Program Inc?
Young Adults Manufacturer Training Employment Program Inc's revenue in 2022 was $1,237,982.
Official website here: www.yamtep.com
Who are the executives of Young Adults Manufacturer Training Employment Program Inc and what are their salaries?
The average compensation at Young Adults Manufacturer Training Employment Program Inc during 2022 was $13,890. There are 31 employees and 6 volunteers at Young Adults Manufacturer Training Employment Program Inc.
Here are 8 key members and their salaries:
- Compensation: $59,400
- Related: $0
- Other: $798
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $86,000
- Related: $0
- Other: $2,084
Official website here: www.yamtep.com
Where can I find the form 990 for Young Adults Manufacturer Training Employment Program Inc?
Young Adults Manufacturer Training Employment Program Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.yamtep.com
Learn more at the official website: www.yamtep.com
Mission Statement of Young Adults Manufacturer Training Employment Program Inc
Young Adults Manufacturer Training Employment Program, or YAMTEP for short, is dedicated to combating poverty and unemployment among young adults from disadvantaged backgrounds. They achieve this mission by leveraging the expertise of the manufacturing industry. Their primary objective is to provide vocational training, enabling these individuals to develop the necessary job skills necessary to secure gainful employment in assembly and machine manufacturing industries. By doing so, YAMTEP aims to offer young adults a potential career path, breaking the cycle of unemployment and poverty.
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Impact
July, 2024
Young Adults Manufacturer Training Employment Program Inc provides vocational training programs for young adults from disadvantaged backgrounds, enabling them to develop the job skills necessary to qualify for and obtain gainful employment in assembly and machine manufacturing industries. The organization's impact lies in its ability to address poverty and unemployment by leveraging the manufacturing industry's expertise to provide training with the goal of offering jobs and potential careers to individuals who may not have had access to such opportunities otherwise.
This information is meant to be a general summary of Young Adults Manufacturer Training Employment Program 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.
- Program Service Revenue: $600,000
- Gross Receipts: $1,237,982
Assets and Liabilities:
- Total Assets: $1,333,068
- Total Liabilities: $612,016
- Net Assets: $721,052
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANUFACTURING TRAINING
Revenue
$600,000
Organization Details
Founding Year
2015
Phone
(585) 467-5279Principal Officer
Tyrone Reaves
Main Address
282 HOLLENBECK STREET, ROCHESTER, NY, 14621
Website
www.yamtep.comNTEE Category
Code: J22 - Employment
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