Overview
What is Wisconsin Manufacturing Extension Partnership Inc?
Wisconsin Manufacturing Extension Partnership Inc., based in Madison, Wisconsin, is a nonprofit organization dedicated to supporting manufacturers in the state. With a team of 44 employees, they offer targeted consulting services to small and medium-sized manufacturers, aiming to enhance their capabilities, promote growth, and foster innovation. Their mission is to optimize stakeholder value, enabling Wisconsin manufacturers to achieve operational success. In 2022, they served over 500 clients, providing project work for more than 260 of them. Additionally, the organization participated in over 55 educational and community-building events, including major conferences focused on manufacturing and sustainability.
Official website here: www.wmep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Wisconsin Manufacturing Extension Partnership Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The overall score is based entirely on the organization’s commitment to transparency and sound financial practices, showcasing a responsible use of resources.
The nonprofit has demonstrated exemplary governance, with 100% of its board members being independent and a comprehensive conflict of interest policy in place. This level of oversight, along with a strong program expense ratio of 73.43%, indicates that a significant portion of its funding is directed towards fulfilling its mission rather than administrative costs.
While the organization excels in many areas, it is important for stakeholders to remain aware of the financial landscape. Though the liabilities to assets ratio is healthy at 39.77%, ongoing monitoring of financial stability will be essential for the organization’s sustainability and continued impact in the manufacturing sector.
This AI summary has been generated from information found on Charity Navigator.
Is Wisconsin Manufacturing Extension Partnership Inc legitimate?
Wisconsin Manufacturing Extension Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wisconsin Manufacturing Extension Partnership 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: $472,067
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,287,498
For more financial information, click here
Official website here: www.wmep.org
What is the mission statement of Wisconsin Manufacturing Extension Partnership Inc?
Wisconsin Manufacturing Extension Partnership Inc's mission is to enhance the capabilities of small and medium-sized manufacturers, promoting their growth, innovation, and operational success. The organization, Wisconsin Manufacturing Extension Partnership, optimizes stakeholder value by providing targeted consulting services. In 2022, they served over 500 clients within their service territory, with over 260 of these clients engaging in project work. Moreover, they participated in over 55 educational or community-building events, including the Manufacturing Matters! conference and a sustainability conference, demonstrating their commitment to supporting the manufacturing sector.
Official website here: www.wmep.org
Who is the CEO of Wisconsin Manufacturing Extension Partnership Inc?
Chris Baichoo is the Principal Officer of Wisconsin Manufacturing Extension Partnership Inc. The CEO's salary of Wisconsin Manufacturing Extension Partnership Inc is $230,461 and their total compensation is $256,411.
Official website here: www.wmep.org
What is the revenue of Wisconsin Manufacturing Extension Partnership Inc?
Wisconsin Manufacturing Extension Partnership Inc's revenue in 2022 was $6,165,786.
Official website here: www.wmep.org
Who are the executives of Wisconsin Manufacturing Extension Partnership Inc and what are their salaries?
The average compensation at Wisconsin Manufacturing Extension Partnership Inc during 2022 was $85,445. There are 44 employees and 69 volunteers at Wisconsin Manufacturing Extension Partnership Inc.
Here are 16 key members and their salaries (Wisconsin Manufacturing Extension Partnership Inc's CEO's salary is $230,461 and their total compensation is $256,411):
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- Compensation: $230,461
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- Other: $25,950
- Compensation: $176,906
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- Other: $38,752
- Compensation: $153,901
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- Other: $1,183
- Compensation: $149,405
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- Other: $27,106
- Compensation: $148,830
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- Other: $32,342
- Compensation: $139,575
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- Other: $30,601
- Compensation: $132,484
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- Other: $8,238
Official website here: www.wmep.org
Where can I find the form 990 for Wisconsin Manufacturing Extension Partnership Inc?
Wisconsin Manufacturing Extension Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wmep.org
Learn more at the official website: www.wmep.org
Mission Statement of Wisconsin Manufacturing Extension Partnership Inc
Wisconsin Manufacturing Extension Partnership Inc, abbreviated as WMEP, is dedicated to enhancing the value of stakeholders in Wisconsin's manufacturing sector. By offering customized consulting services, WMEP empowers small and medium-sized manufacturers within its service territory to expand their capabilities, innovate, and achieve operational success. The organization's mission is to optimize the growth and performance of Wisconsin manufacturers, thereby contributing to the state's economic development and industrial strength. In 2022, WMEP served over 500 clients, with over 260 of them contracting for project work, demonstrating its significant impact on the manufacturing industry in Wisconsin. Additionally, WMEP participates in various educational and community-building events, such as the Manufacturing Matters! Conference and the Sustainability Conference, further strengthening its role in fostering growth and innovation within the state's manufacturing sector.
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Impact
July, 2024
Wisconsin Manufacturing Extension Partnership Inc's impact can be seen in its provision of targeted consulting services to small and medium manufacturers within the state of Wisconsin. In 2022, WMEP served more than 500 clients, engaging in over 260 contracted project works. Additionally, the organization participated in more than 55 educational or community building events, including significant conferences with hundreds of attendees. Through its efforts, WMEP plays a key role in optimizing stakeholder value for Wisconsin manufacturers by enhancing their capabilities, fostering growth, promoting innovation, and facilitating operational success.
This information is meant to be a general summary of Wisconsin Manufacturing Extension Partnership 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.
- Investment Income: $11,131
- Program Service Revenue: $2,514,047
- Gross Receipts: $6,165,786
Assets and Liabilities:
- Total Assets: $3,799,501
- Total Liabilities: $1,511,346
- Net Assets: $2,288,155
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING REVENUE
Revenue
$2,514,047
Organization Details
Founding Year
2015
Phone
(608) 240-1740Principal Officer
Chris Baichoo
Main Address
2601 CROSSROADS DRIVE 145, MADISON, WI, 53718
Website
www.wmep.orgNTEE Category
Code: B02 - Education
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