Overview
What is Ekentucky Advanced Manufacturing Institute Inc?
Ekentucky Advanced Manufacturing Institute Inc is a nonprofit organization based in Paintsville, Kentucky. Their primary mission is to provide state-of-the-art job training and support in the manufacturing and robotics industries to unemployed workers. In 2022, they successfully trained 33 individuals, all of whom either found gainful employment or were offered employment opportunities in advanced manufacturing and robotics. The Institute strives to meet and exceed the expectations of employers in the manufacturing industry, ensuring that their trained workforce is well-equipped to contribute to the industry's growth and success. Currently, the Institute employs a team of 10 individuals.
Official website here: www.ekyami.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Star rating)
The Kentucky Advanced Manufacturing Institute Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance in accountability and financial management. The organization demonstrates some strengths, such as having a majority of independent board members and a high program expense ratio of over 95%, which suggests that a significant portion of their expenses is directed towards their mission-related activities.
However, the nonprofit faces significant challenges, particularly in financial transparency, as evidenced by their lack of independent board size and very low scores in areas such as financial statements and tax form posting on their website. The absence of a whistleblower policy and inadequate documentation retention further highlights potential governance issues that could affect stakeholder trust and overall accountability.
While the organization excels in certain operational areas, the noted limitations in financial documentation and governance practices may raise concerns for potential donors and supporters. Improving these aspects could enhance their overall rating and efficacy in fulfilling their mission.
This AI summary has been generated from information found on Charity Navigator.
Is Ekentucky Advanced Manufacturing Institute Inc legitimate?
Ekentucky Advanced Manufacturing Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ekentucky Advanced Manufacturing Institute 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: $205,773
Professional Fundraising Fees: $0
Other Salaries and Wages: $392,163
For more financial information, click here
Official website here: www.ekyami.com
What is the mission statement of Ekentucky Advanced Manufacturing Institute Inc?
The Ekentucky Advanced Manufacturing Institute Inc is dedicated to offering advanced job training and support in the manufacturing and robotics industries. Its primary objective is to equip unemployed workers with the necessary skills to meet and exceed employer expectations in the manufacturing sector. Through its comprehensive training program, the institute aims to prepare individuals for careers in advanced manufacturing and robotics. In the year 2022, the institute graduated 33 students, all of whom secured gainful employment or were offered employment opportunities in their respective fields.
Official website here: www.ekyami.com
Who is the CEO of Ekentucky Advanced Manufacturing Institute Inc?
Kathy Walker is the President & of Ekentucky Advanced Manufacturing Institute Inc.
Official website here: www.ekyami.com
What is the revenue of Ekentucky Advanced Manufacturing Institute Inc?
Ekentucky Advanced Manufacturing Institute Inc's revenue in 2022 was $1,278,876.
Official website here: www.ekyami.com
Who are the executives of Ekentucky Advanced Manufacturing Institute Inc and what are their salaries?
The average compensation at Ekentucky Advanced Manufacturing Institute Inc during 2022 was $59,794. There are 10 employees at Ekentucky Advanced Manufacturing Institute Inc.
Here are 3 key members and their salaries:
- Compensation: $205,773
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ekyami.com
Where can I find the form 990 for Ekentucky Advanced Manufacturing Institute Inc?
Ekentucky Advanced Manufacturing Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ekyami.com
Learn more at the official website: www.ekyami.com
Mission Statement of Ekentucky Advanced Manufacturing Institute Inc
Ekentucky Advanced Manufacturing Institute Inc, a notable organization, is committed to providing state-of-the-art job training and support in the manufacturing and robotics industries. Its primary mission is to equip unemployed workers with the necessary skills to meet and exceed the expectations of employers in the manufacturing industry. The Institute's training program, launched in 2022, saw the successful graduation of 33 individuals, all of whom found gainful employment or were offered employment opportunities in advanced manufacturing and robotics. This organization's impact extends beyond just training, as it is dedicated to helping individuals secure employment in the competitive manufacturing sector.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
June, 2024
Ekentucky Advanced Manufacturing Institute Inc has had a significant impact by providing state-of-the-art job training and support in the manufacturing and robotics industries for unemployed workers. In 2022, the institute successfully trained and supported 33 graduates in these sectors, all of whom secured gainful employment or were offered job opportunities in advanced manufacturing and robotics. This contribution not only helped these individuals find employment but also catered to the needs of employers in the manufacturing industry by meeting and exceeding their expectations.
This information is meant to be a general summary of Ekentucky Advanced Manufacturing Institute 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: $18,221
- Program Service Revenue: $1,315
- Gross Receipts: $1,278,876
Assets and Liabilities:
- Total Assets: $4,169,882
- Total Liabilities: $4,226
- Net Assets: $4,165,656
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PART SALES INCOME
Revenue
$1,315
Organization Details
Founding Year
2016
Phone
(606) 789-8568Principal Officer
Kathy Walker
Main Address
P O BOX 1718, PAINTSVILLE, KY, 41240
Website
www.ekyami.comNTEE Category
Code: C60 - Environment
If you are a representative of Ekentucky Advanced Manufacturing Institute Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.