Overview
What is South Carolina Manufacturing Extension Partnership?
The South Carolina Manufacturing Extension Partnership (SCMEP) is a nonprofit organization situated in Greenville, South Carolina. Its primary mission is to bolster South Carolina's manufacturing sector by offering tailored programs to aid small and medium-sized manufacturers. These programs encompass a variety of strategies and solutions, such as innovation, waste elimination, and resource development, all geared towards promoting growth. In 2022, SCMEP served 516 manufacturers, contributing to impressive impacts including $3.3 billion in new sales, $476 million in new investment, $265 million in cost savings, and $1.1 billion in retained sales. These achievements resulted in the creation of 2,396 new jobs and the retention of 3,669 existing ones. SCMEP functions as a strategic advisor, connecting manufacturers to vital public and private resources, thereby fostering increased competitiveness and profitability.
Official website here: www.scmep.org
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 96% (Four-Star out of Four Stars)**tar)**
The South Carolina Manufacturing Extension Partnership has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. This rating is based entirely on accountability metrics, showcasing the organization’s commitment to maintaining a transparent and effectively managed operation. With a high percentage of independent board members and solid financial oversight, the organization not only adheres to best practices but also demonstrates efficient use of resources.
One of the key strengths highlighted by the rating is the impressive program expense ratio of over 82%, indicating that a significant portion of its funds is dedicated to its core programs rather than administrative overhead. Additionally, the absence of material asset diversion and a favorable liabilities-to-assets ratio suggest that the organization is in a sound financial position, allowing it to focus on its mission of supporting manufacturing in South Carolina.
However, there is a noted limitation in the Charity Navigator score, as the organization’s tax form was not posted on its website as required, which resulted in a lower score in that specific area. While overall data pertaining to total revenue and employee salaries are available, detailed insights into impact measurement, culture, and leadership adaptability are not currently evaluated, suggesting areas for potential improvement in transparency.
User reviews from GreatNonprofits could not be fetched, so additional community sentiment is not available.
This AI summary has been generated from information found on Charity Navigator.
Is South Carolina Manufacturing Extension Partnership legitimate?
South Carolina Manufacturing Extension Partnership is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Carolina Manufacturing Extension Partnership 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: $542,398
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,160,522
For more financial information, click here
Official website here: www.scmep.org
What is the mission statement of South Carolina Manufacturing Extension Partnership?
The South Carolina Manufacturing Extension Partnership (SCMEP) serves as a catalyst for enhancing South Carolina's manufacturing sector, facilitating its transformation into a powerful engine of innovation that fosters economic growth and job creation. In its mission, SCMEP functions as a strategic advisor, advocating for business growth and connecting manufacturers to the necessary resources to increase their competitiveness and profitability. By offering innovative strategies and solutions through various programs, SCMEP assists small and medium-sized manufacturers in driving growth, eliminating waste, and developing resources. In 2022, SCMEP served 516 manufacturers, resulting in significant impacts such as $3.3 billion in new sales, $476 million in new investment, and $265 million in cost savings. The organization also played a role in retaining $2.5 billion in sales and creating 2,396 new jobs, while preserving an additional 3,669 existing positions.
Official website here: www.scmep.org
Who is the CEO of South Carolina Manufacturing Extension Partnership?
Andrew Carr is the President & Ceo of South Carolina Manufacturing Extension Partnership. The CEO's salary of South Carolina Manufacturing Extension Partnership is $195,256 and their total compensation is $225,298.
Official website here: www.scmep.org
What is the revenue of South Carolina Manufacturing Extension Partnership?
South Carolina Manufacturing Extension Partnership's revenue in 2023 was $9,104,439.
Official website here: www.scmep.org
Who are the executives of South Carolina Manufacturing Extension Partnership and what are their salaries?
The average compensation at South Carolina Manufacturing Extension Partnership during 2023 was $117,518. There are 23 employees and 10 volunteers at South Carolina Manufacturing Extension Partnership.
Here are 17 key members and their salaries (South Carolina Manufacturing Extension Partnership's CEO's salary is $195,256 and their total compensation is $225,298):
- Compensation: $195,256
- Related: $0
- Other: $30,042
- Compensation: $172,347
- Related: $0
- Other: $29,061
- Compensation: $152,411
- Related: $0
- Other: $30,876
- Compensation: $138,199
- Related: $0
- Other: $32,520
- Compensation: $140,862
- Related: $0
- Other: $29,856
- Compensation: $144,602
- Related: $0
- Other: $25,600
- Compensation: $138,106
- Related: $0
- Other: $17,751
- 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: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.scmep.org
Where can I find the form 990 for South Carolina Manufacturing Extension Partnership?
South Carolina Manufacturing Extension Partnership's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.scmep.org
Learn more at the official website: www.scmep.org
Mission Statement of South Carolina Manufacturing Extension Partnership
South Carolina Manufacturing Extension Partnership, often referred to as SCMEP, serves as a catalyst for bolstering South Carolina's manufacturing sector. Their mission is to drive the transformation of this industry into a powerful engine of innovation, fostering economic growth and job creation. In this role, SCMEP acts as a strategic advisor, connecting manufacturers to the vital public and private resources required for enhancing their competitiveness and profitability. By doing so, they play a pivotal role in South Carolina's manufacturing sector, promoting growth and eliminating waste through innovative strategies and solutions.
During the year 2022, SCMEP demonstrated its impact on the sector by assisting 516 manufacturers. The results of their services, as reported by the manufacturers themselves, were substantial. These impacts included generating $3.3 billion in new sales, $476 million in new investment, $265 million in cost savings, and retaining $2.5 billion in sales. Moreover, SCMEP facilitated the creation of 2,396 new jobs and the retention of 3,669 existing ones. This data underscores the significance of SCMEP's mission in fostering growth and stability within South Carolina's manufacturing sector.
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Impact
July, 2024
The South Carolina Manufacturing Extension Partnership (SCMEP) has made a significant impact on the state's manufacturing sector by serving 516 manufacturers in 2022. Through its innovative strategies and solutions, SCMEP has helped these manufacturers generate impressive results, including $3.3 billion in new sales, $476 million in new investment, $265 million in cost savings, and $2.5 billion in retained sales. Additionally, SCMEP has contributed to the creation of 2,396 new jobs and the retention of 3,669 jobs in South Carolina. This organization is a key catalyst for strengthening the state's manufacturing industry, driving economic growth, and fostering job creation.
This information is meant to be a general summary of South Carolina Manufacturing Extension Partnership. 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: $60,148
- Program Service Revenue: $4,219,201
- Gross Receipts: $15,309,122
Assets and Liabilities:
- Total Assets: $5,791,407
- Total Liabilities: $1,825,909
- Net Assets: $3,965,498
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Project Fees
Revenue
$4,219,201
Organization Details
Founding Year
1996
Phone
(864) 288-5687Principal Officer
Andrew Carr
Main Address
250 Executive Center Dr Suite 200, Greenville, SC, 29615
Website
www.scmep.orgNTEE Category
Code: S43L - Community improvement
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