Overview
What is National Institute Of Metal Working Skills Inc?
National Institute of Metal Working Skills Inc, situated in Fairfax, Virginia, is a nonprofit organization specialized in precision manufacturing skills standards. They employ a team of 10 individuals and have developed a Smart Standards methodology to keep up with the rapid technological advancements in their field. This methodology is tailored to specific job roles within an occupation, enabling individuals to progress their careers in a cohesive manner. The organization's primary mission is to develop, promote, and certify these skills against recognized standards, as well as accredit programs that meet quality requirements, thereby supporting the precision manufacturing sector.
What are the reviews and ratings of this charity?
Charity Navigator Rating 83% - Three-Star out of Four Star rating
The National Institute of Metal Working Skills Inc has received a solid Three-Star rating from Charity Navigator, reflecting a strong focus on accountability and finance. With an overall score of 83%, the organization demonstrates significant strengths in governance and financial transparency, which are crucial for building donor trust and ensuring the effective use of resources.
Key strengths include a fully independent board, a comprehensive conflict of interest policy, and a high program expense ratio of 81.23%, indicating that a significant portion of funds is directed toward programs rather than administrative costs. Additionally, the organization adheres to best practices with listed policies on whistleblowing and document retention, ensuring rigorous oversight and accountability.
However, while the rating is commendable, it is derived solely from accountability and finance metrics, with no additional beacons taken into account. This could suggest that there may be areas such as program impact or community feedback that are not fully captured in this score, leaving room for further evaluation of the organization’s overall performance and effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is National Institute Of Metal Working Skills Inc legitimate?
National Institute Of Metal Working Skills Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Institute Of Metal Working Skills 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: $205,942
Professional Fundraising Fees: $0
Other Salaries and Wages: $421,796
For more financial information, click here
What is the mission statement of National Institute Of Metal Working Skills Inc?
The National Institute of Metal Working Skills Inc's mission involves the development and promulgation of precision manufacturing skill standards. They certify individual skills based on these standards and accredit programs that meet quality requirements. This organization is committed to keeping pace with the rapid technological advancements in the precision manufacturing sector. They have developed a Smart Standards methodology, which is customizable and aligned with manufacturers, focusing on specific job roles within an occupation. This methodology allows communities to define their job roles based on industry-recognized job duties, thereby enhancing the overall skill development process.
Who is the CEO of National Institute Of Metal Working Skills Inc?
Montez King is the Chairman of National Institute Of Metal Working Skills Inc.
What is the revenue of National Institute Of Metal Working Skills Inc?
National Institute Of Metal Working Skills Inc's revenue in 2022 was $2,043,330.
Who are the executives of National Institute Of Metal Working Skills Inc and what are their salaries?
The average compensation at National Institute Of Metal Working Skills Inc during 2022 was $62,774. There are 10 employees and 19 volunteers at National Institute Of Metal Working Skills Inc.
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Where can I find the form 990 for National Institute Of Metal Working Skills Inc?
National Institute Of Metal Working Skills Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of National Institute Of Metal Working Skills Inc
The National Institute of Metal Working Skills Inc plays a crucial role in the development and promulgation of precision manufacturing skill standards. This nonprofit organization takes it upon itself to certify individual skills against these standards and accredits programs that meet the required quality standards. In essence, the National Institute of Metal Working Skills Inc serves as a beacon of expertise in the field of precision manufacturing, ensuring that the workforce is equipped with the necessary skills to meet the ever-evolving demands of the industry.
To achieve this mission, the National Institute of Metal Working Skills Inc has developed a Smart Standards methodology. This customizable approach is aligned with manufacturers and based on specific job roles within an occupation. The Smart Standards methodology is designed to be easily stackable into a comprehensive career, allowing communities to define their specific job roles from a collection of industry-recognized job duties. This innovative approach enables the National Institute of Metal Working Skills Inc to adapt to the rapidly changing technology landscape, ensuring that the workforce remains well-equipped and capable of mastering new skills.
In summary, the National Institute of Metal Working Skills Inc is dedicated to setting and upholding precision manufacturing skill standards. Through its Smart Standards methodology, the organization certifies individual skills and accredits programs, ensuring that the workforce is prepared to meet the challenges of a rapidly evolving industry. By doing so, the National Institute of Metal Working Skills Inc plays a vital role in fostering a skilled and adaptable workforce, driving innovation and growth in the precision manufacturing sector.
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Impact
July, 2024
The National Institute of Metal Working Skills Inc's impact lies in its critical role in the development and promulgation of precision manufacturing skill standards. By certifying individual skills against these standards and accrediting programs that meet quality requirements, NIMS plays a vital part in ensuring that the workforce in this sector is well-trained and capable. Their Smart Standards methodology is particularly noteworthy, as it allows for customizable training formats aligned with manufacturers and specific job roles, making it easier for individuals to build a successful career in metalworking. This contributes to the overall improvement of employment opportunities and skills development within the industry.
This information is meant to be a general summary of National Institute Of Metal Working Skills 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: $605
- Program Service Revenue: $1,780,627
- Gross Receipts: $2,043,330
Assets and Liabilities:
- Total Assets: $1,471,797
- Total Liabilities: $490,121
- Net Assets: $981,676
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CREDENTIALING FEES
Revenue
$1,085,206
WORKSHOPS
Revenue
$347,615
CONSULTING FEES
Revenue
$252,643
ACCREDITATION FEES
Revenue
$67,050
PUBLICATIONS
Revenue
$28,113
Organization Details
Founding Year
1995
Phone
(703) 352-4971Principal Officer
Montez King
Main Address
10565 FAIRFAX BLVD, FAIRFAX, VA, 22030
NTEE Category
Code: J21 - Employment
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