Overview
What is Delaware Manufacturing Extension Partnership Inc?
Delaware Manufacturing Extension Partnership Inc, based in Newark, Delaware, is a nonprofit organization that provides vital resources and expertise to local manufacturers. Their mission is to enhance the competitiveness of Delaware's manufacturing sector by identifying, transferring, and implementing best practices. They help businesses improve their quality, productivity, and profitability by offering strategic business planning support, locating essential resources, reducing lead times, decreasing defects, and increasing sales, among other services. Through these measures, they aim to reduce waste, meet environmental standards, achieve ISO certification, and train employees, ultimately contributing to the success of Delaware's businesses.
Official website here: www.demep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
Delaware Manufacturing Extension Partnership Inc has achieved an impressive 96% rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. This rating indicates that the organization adheres to high standards in financial stewardship and transparency, which is crucial for donor trust and confidence. The organization’s entire score is based on their Accountability & Finance beacon, highlighting their commitment to operational integrity.
Strengths of this nonprofit include a fully independent board with nine members, demonstrating governance that is free from conflicts of interest. The organization also has robust financial oversight mechanisms in place, including an Audit and Oversight Committee, and they maintain a favorable liabilities-to-assets ratio of 20.79%. Furthermore, they allocate a significant portion of their expenses—83.46%—toward program activities, ensuring that funds are utilized effectively to support their mission.
While the data showcases strong governance and financial health, there are no noted limitations or areas for improvement in the current overview. The comprehensive policies regarding conflict of interest, whistleblower protections, and document retention further reinforce Delaware Manufacturing Extension Partnership Inc's dedication to transparency and ethical practices.
This AI summary has been generated from information found on Charity Navigator.
Is Delaware Manufacturing Extension Partnership Inc legitimate?
Delaware Manufacturing Extension Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Delaware 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: $45,286
Professional Fundraising Fees: $0
Other Salaries and Wages: $154,659
For more financial information, click here
Official website here: www.demep.org
What is the mission statement of Delaware Manufacturing Extension Partnership Inc?
The Delaware Manufacturing Extension Partnership Inc's mission is centered around assisting manufacturers in Delaware to significantly enhance their quality, productivity, and profitability. They achieve this by identifying, transferring, and implementing suitable best practices. The organization's primary goal is to help businesses succeed by developing strategic business plans, locating essential resources, reducing lead times, decreasing defects, reducing inventory, improving on-time delivery, increasing productivity, eliminating waste, meeting environmental standards, achieving ISO certification, providing employee training and retraining, and increasing sales.
Official website here: www.demep.org
Who is the CEO of Delaware Manufacturing Extension Partnership Inc?
Dr Lora Johnson is the Executive Director of Delaware Manufacturing Extension Partnership Inc.
Official website here: www.demep.org
What is the revenue of Delaware Manufacturing Extension Partnership Inc?
Delaware Manufacturing Extension Partnership Inc's revenue in 2023 was $818,045.
Official website here: www.demep.org
Who are the executives of Delaware Manufacturing Extension Partnership Inc and what are their salaries?
Here are 10 key members and their salaries:
- Compensation: $14,084
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- Compensation: $104,152
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Official website here: www.demep.org
Where can I find the form 990 for Delaware Manufacturing Extension Partnership Inc?
Delaware Manufacturing Extension Partnership Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.demep.org
Learn more at the official website: www.demep.org
Mission Statement of Delaware Manufacturing Extension Partnership Inc
Delaware Manufacturing Extension Partnership Inc, in its mission, aims to assist Delaware's manufacturers in significantly enhancing their quality, productivity, and profitability. The organization achieves this by identifying, transferring, and implementing suitable best practices. By doing so, Delaware Manufacturing Extension Partnership Inc plays a crucial role in helping Delaware businesses succeed. The nonprofit organization focuses on developing strategic business plans, locating essential resources, reducing lead time, decreasing defects, reducing inventory, improving on-time delivery, increasing productivity, eliminating waste, meeting environmental standards, achieving ISO certification, training and retraining employees, and boosting sales. These efforts contribute to the overall improvement and growth of Delaware's manufacturing sector.
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Impact
July, 2024
Delaware Manufacturing Extension Partnership Inc helps Delaware's manufacturers substantially improve their quality, productivity, and profitability by identifying, transferring, and implementing appropriate best practices. DEMEP offers information and technology resources to help manufacturers compete in a global market. Their impact includes developing strategic business plans, locating vital resources, reducing lead time, decreasing defects, reducing inventory, improving on-time delivery, increasing productivity, eliminating waste, meeting environmental standards, achieving ISO certification, training and retraining employees, and increasing sales. Their work contributes to community improvement by enhancing the competitiveness and sustainability of manufacturing businesses in Delaware.
This information is meant to be a general summary of Delaware 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 2023.
- Investment Income: $543
- Program Service Revenue: $133,643
- Gross Receipts: $818,045
Assets and Liabilities:
- Total Assets: $1,652,099
- Total Liabilities: $343,488
- Net Assets: $1,308,611
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT INCOME
Revenue
$133,643
Organization Details
Founding Year
1993
Phone
(302) 283-3131Principal Officer
Dr Lora Johnson
Main Address
400 STANTON-CHRISTIANA RD A-158, NEWARK, DE, 19713
Website
www.demep.orgNTEE Category
Code: S43 - Community improvement
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