Overview
What is The Manufacturing Institute?
The Manufacturing Institute is a 501(c)3 nonprofit organization, serving as the workforce development and education affiliate of the National Association of Manufacturers, located in Washington D.C. Their mission focuses on building, diversifying, and strengthening the manufacturing workforce of today and tomorrow, ensuring a resilient workforce prepared for future challenges and opportunities. To accomplish this, they implement innovative programs, convene industry leaders, and conduct groundbreaking research. One of their initiatives involves partnering with Discovery Education to uplift under-represented youth in specific communities through STEM-focused education resources, benefiting 30 under-resourced schools in key markets. The Manufacturing Institute aims to contribute to individual opportunity, community prosperity, and a more competitive manufacturing industry, acting as a trusted adviser for manufacturers, providing solutions to address the industry's toughest workforce issues.
Official website here: www.themanufacturinginstitute.org
What are the reviews and ratings of this charity?
The Manufacturing Institute has achieved an impressive rating of 95% from Charity Navigator, earning a Four-Star out of Four Stars designation. This score reflects the nonprofit's strong commitment to accountability and finance, with the entire rating derived from its financial management practices. The organization boasts a well-composed board with a high percentage of independent members and effectively manages its finances, as seen in its solid ratios for program expenses and fundraising efficiency.
Among its notable strengths, The Manufacturing Institute has established rigorous governance practices, such as a conflict of interest policy and a whistleblower policy. Additionally, the organization demonstrates sound financial health, with low liabilities compared to assets and a strong working capital ratio, indicating its capacity to sustain operations and fulfill its mission effectively. Despite the strong overall score, there are areas not currently scored, such as impact measurement and culture, which may benefit from further evaluation.
User reviews from GreatNonprofits could not be retrieved, leaving a gap in firsthand feedback on community engagement and user experience. However, the robust financial and governance ratings suggest a well-managed organization likely to maintain trust among its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Manufacturing Institute legitimate?
The Manufacturing Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Manufacturing Institute 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: $945,087
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,793,980
For more financial information, click here
Official website here: www.themanufacturinginstitute.org
What is the mission statement of The Manufacturing Institute?
The Manufacturing Institute's mission is centered around enhancing and diversifying the current and future manufacturing workforce. By executing innovative programs, convening industry leaders, and conducting groundbreaking research, the organization aims to foster individual opportunities, bolster community prosperity, and establish a more competitive manufacturing sector. As the nonprofit workforce development and education affiliate of the National Association of Manufacturers, The Manufacturing Institute serves as a reliable advisor, equipping manufacturers with solutions to tackle their most pressing workforce challenges.
Official website here: www.themanufacturinginstitute.org
Who is the CEO of The Manufacturing Institute?
Todd Boppell is the Chairman Of The Board of The Manufacturing Institute.
Official website here: www.themanufacturinginstitute.org
What is the revenue of The Manufacturing Institute?
The Manufacturing Institute's revenue in 2022 was $8,998,894.
Official website here: www.themanufacturinginstitute.org
Who are the executives of The Manufacturing Institute and what are their salaries?
There 6 volunteers at The Manufacturing Institute.
Here are 17 key members and their salaries:
- Compensation: $0
- Related: $4,886,150
- Other: $866,592
- Compensation: $0
- Related: $702,286
- Other: $38,713
- 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: $536,903
- Related: $0
- Other: $46,091
- Compensation: $0
- Related: $271,322
- Other: $29,218
- Compensation: $0
- Related: $219,393
- Other: $27,458
- Compensation: $407,698
- Related: $71,947
- Other: $32,196
- Compensation: $262,704
- Related: $0
- Other: $21,377
- Compensation: $265,950
- Related: $0
- Other: $11,018
- Compensation: $234,849
- Related: $0
- Other: $40,782
- Compensation: $233,185
- Related: $0
- Other: $25,820
- Compensation: $167,100
- Related: $0
- Other: $35,281
Official website here: www.themanufacturinginstitute.org
Where can I find the form 990 for The Manufacturing Institute?
The Manufacturing Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.themanufacturinginstitute.org
Learn more at the official website: www.themanufacturinginstitute.org
Mission Statement of The Manufacturing Institute
The Manufacturing Institute, as the 501(c)3 nonprofit workforce development and education affiliate of the National Association of Manufacturers, is dedicated to building, diversifying, and strengthening the manufacturing workforce of today and tomorrow. Their mission is to create a resilient manufacturing workforce prepared to tackle the challenges and opportunities of the future. They achieve this by implementing groundbreaking programs, convening industry leaders, and conducting innovative research. The Manufacturing Institute's efforts aim to foster individual opportunity, community prosperity, and a more competitive manufacturing industry. As a trusted adviser to manufacturers, they equip them with solutions to address the most pressing workforce issues.
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Impact
July, 2024
The Manufacturing Institute's impact is significant in building, diversifying, and strengthening the manufacturing workforce of today and tomorrow. Through groundbreaking programs, industry leader convening, and innovative research, The Manufacturing Institute furthers individual opportunity, community prosperity, and enhances the competitiveness of the manufacturing industry. As a trusted adviser to manufacturers, the Institute equips them with solutions to address the toughest workforce issues, ultimately bolstering the resilience of the manufacturing workforce and preparing them for future challenges and opportunities. Their outreach efforts to under-resourced schools, such as the partnership with Discovery Education, uplift underrepresented youth in specific communities through STEM-focused education resources, contributing to a more inclusive and skilled manufacturing workforce.
This information is meant to be a general summary of The Manufacturing Institute. 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: $9,232
- Program Service Revenue: $1,372,948
- Gross Receipts: $8,998,894
Assets and Liabilities:
- Total Assets: $10,834,691
- Total Liabilities: $2,465,730
- Net Assets: $8,368,961
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEETINGS
Revenue
$1,097,061
CONTRACT SERVICES
Revenue
$275,887
Organization Details
Founding Year
1976
Phone
(202) 637-3426Principal Officer
Todd Boppell
Main Address
733 10TH STREET NW 700, WASHINGTON, DC, 20001
NTEE Category
Code: J20 - Employment
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