Overview
What is Northern Marianas Trades Institute?
Northern Marianas Trades Institute is a nonprofit organization situated in Saipan, Northern Mariana Islands. The primary aim of this institution is to educate and train local residents, equipping them with the necessary skills to secure employment. By offering employment training opportunities, the organization strives to enhance the qualifications of its students and strengthen the local labor pool. In February 2021, the Institute provided assistance to Northern Marianas Technical Institute, a government entity, by presenting a cash grant of $13,442, a security deposit of $6,219, and donating property and equipment worth $346,859. With a team of 35 employees, the Northern Marianas Trades Institute plays a significant role in fostering skilled workforce development in the region.
Is Northern Marianas Trades Institute legitimate?
Northern Marianas Trades Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northern Marianas Trades 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $139,487
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What is the mission statement of Northern Marianas Trades Institute?
The Northern Marianas Trades Institute's mission is centered around educating and training local residents to become skilled workers. By providing employment training opportunities, the institution aims to enhance the qualifications of its students and expand the local labor pool. As of February 2021, approximately 112 individuals have benefitted from the program. The organization has also shown support for Northern Marianas Technical Institute, a government entity, by providing financial assistance and property and equipment worth significant value.
Who is the CEO of Northern Marianas Trades Institute?
Agnes M Mcphetres is the Chairman of Northern Marianas Trades Institute.
What is the revenue of Northern Marianas Trades Institute?
Northern Marianas Trades Institute's revenue in 2021 was $176,263.
Who are the executives of Northern Marianas Trades Institute and what are their salaries?
The average compensation at Northern Marianas Trades Institute during 2021 was $3,985. There are 35 employees at Northern Marianas Trades Institute.
Here are 4 key members and their salaries:
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Where can I find the form 990 for Northern Marianas Trades Institute?
Northern Marianas Trades Institute's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Northern Marianas Trades Institute
The Northern Marianas Trades Institute, as a nonprofit organization, is committed to educating and training local residents to become skilled workers. This mission is designed to provide employment training opportunities, ultimately aiming to improve the qualifications and expand the local labor pool. By offering such programs, the institute seeks to equip local residents with the necessary skills to contribute positively to their community and secure stable employment.
In line with this mission, the Northern Marianas Trades Institute has demonstrated its commitment by providing assistance to the Northern Marianas Technical Institute, a government entity. This support included a financial contribution of $13,442, a security deposit of $6,219, and the provision of property and equipment with a net book value of $346,859. This collaboration highlights the institute's dedication to strengthening the regional workforce and supporting local education and training initiatives.
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Impact
October, 2024
The Northern Marianas Trades Institute plays a pivotal role in enhancing the local workforce by educating and training residents to become skilled workers. With around 112 students benefiting from its programs, the institute is actively improving employment training opportunities and elevating the qualifications of many individuals in the community.
In February 2021, the organization supported the Northern Marianas Technical Institute by providing significant financial aid, including cash assistance of $13,442, a security deposit of $6,219, and property and equipment valued at approximately $346,859. This support not only bolsters educational resources but also strengthens the local labor pool, fostering economic growth and stability in Saipan and the surrounding areas. Through its focused efforts, the Northern Marianas Trades Institute significantly contributes to developing a skilled and capable workforce that meets the needs of the region.
This information is meant to be a general summary of Northern Marianas Trades 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 2021.
- Investment Income: $2,108
- Program Service Revenue: $35,860
- Gross Receipts: $176,263
Assets and Liabilities:
- Total Assets: $110,841
- Total Liabilities: $1,241
- Net Assets: $109,600
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION OTHER FEES
Revenue
$35,860
Organization Details
Founding Year
2008
Phone
(670) 588-0620Principal Officer
Agnes M Mcphetres
Main Address
PO BOX 504880, SAIPAN, MP, 96950
NTEE Category
Code: B30 - Education
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