Overview
What is Central Wisconsin Manufacturing Alliance Inc?
Central Wisconsin Manufacturing Alliance Inc is a nonprofit organization situated in Wausau, Wisconsin. Their primary focus lies in the realm of education, specifically within the welding, fabricating, and machining trades. The organization is committed to promoting and providing opportunities in these fields, offering scholarships to individuals enrolled in related training programs. In the recent year, they granted scholarships worth 12,274 to students and sponsored businesses sponsoring students in these trades, amounting to 211,787. With a small workforce of only two individuals, Central Wisconsin Manufacturing Alliance Inc continues to contribute to the growth and development of skilled workers in the manufacturing sector.
Official website here: www.cwimamfg.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (55%)
The Central Wisconsin Manufacturing Alliance Inc has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored 55% overall, with strong points related to its board governance, including full independent board membership and no material diversion of assets. However, it faces major issues due to the absence of key policies, such as conflict of interest, whistleblower, and document retention policies, which are critical for maintaining transparency and good governance.
Financially, the organization has a program expense ratio of 65.34%, which suggests a reasonable allocation of funds toward its mission-related activities. However, the liabilities to assets ratio is concerning at 125.73%, signaling potential financial instability. Additionally, the nonprofit's failure to post its tax forms on its website raises further transparency issues that may affect donor confidence and overall credibility.
While the organization demonstrates strengths in board independence and governance practices, the lack of essential policies and troubling financial ratios highlight areas that require immediate attention and improvement. Prospective donors and stakeholders should carefully consider these factors when evaluating their support for the Central Wisconsin Manufacturing Alliance Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Central Wisconsin Manufacturing Alliance Inc legitimate?
Central Wisconsin Manufacturing Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Wisconsin Manufacturing Alliance 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $113,084
For more financial information, click here
Official website here: www.cwimamfg.com
What is the mission statement of Central Wisconsin Manufacturing Alliance Inc?
The Central Wisconsin Manufacturing Alliance Inc is committed to promoting and facilitating educational opportunities in the fields of welding, fabricating, and machining trades. The organization offers scholarships to individuals enrolled in relevant training programs. This year, the Alliance awarded scholarships worth 12,274 dollars to students and provided sponsorships amounting to 211,787 dollars to businesses supporting students in these trades. In essence, the Alliance's mission is to encourage and support the growth of skilled workers in these industries.
Official website here: www.cwimamfg.com
Who is the CEO of Central Wisconsin Manufacturing Alliance Inc?
David C Pflieger is the President of Central Wisconsin Manufacturing Alliance Inc.
Official website here: www.cwimamfg.com
What is the revenue of Central Wisconsin Manufacturing Alliance Inc?
Central Wisconsin Manufacturing Alliance Inc's revenue in 2022 was $533,943.
Official website here: www.cwimamfg.com
Who are the executives of Central Wisconsin Manufacturing Alliance Inc and what are their salaries?
The average compensation at Central Wisconsin Manufacturing Alliance Inc during 2022 was $56,542. There are 2 employees at Central Wisconsin Manufacturing Alliance Inc.
Here are 7 key members and their salaries:
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Official website here: www.cwimamfg.com
Where can I find the form 990 for Central Wisconsin Manufacturing Alliance Inc?
Central Wisconsin Manufacturing Alliance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cwimamfg.com
Learn more at the official website: www.cwimamfg.com
Mission Statement of Central Wisconsin Manufacturing Alliance Inc
Central Wisconsin Manufacturing Alliance Inc is committed to promoting and facilitating educational opportunities in the welding, fabricating, and machining trades. This mission-driven organization extends its support by providing scholarships to individuals enrolled in training programs within these fields. By doing so, Central Wisconsin Manufacturing Alliance Inc plays a significant role in fostering the growth and development of skilled professionals in these specialized trades.
In the recent year, Central Wisconsin Manufacturing Alliance Inc has awarded scholarships amounting to 12,274 to deserving students. Additionally, the organization has sponsored businesses to the tune of 211,787, which have in turn supported students in their pursuit of careers in welding, fabricating, and machining trades. This multifaceted approach to education and sponsorship highlights Central Wisconsin Manufacturing Alliance Inc's dedication to nurturing talent and driving the success of the industry as a whole.
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Impact
July, 2024
Central Wisconsin Manufacturing Alliance Inc's impact can be seen in the educational opportunities it provides and promotes in the welding, fabricating, and machining trades. Through scholarships and sponsorships, the organization supports individuals enrolled in educational programs related to these trades. This year alone, the organization awarded scholarships totaling $12,274 to students and sponsorships totaling $211,787 to businesses sponsoring students learning these types of trades. By investing in the education and training of individuals in these critical industries, Central Wisconsin Manufacturing Alliance Inc is not only supporting the personal and professional growth of these individuals but also contributing to the workforce development and economic vitality of the region.
This information is meant to be a general summary of Central Wisconsin Manufacturing Alliance 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: $189
- Gross Receipts: $563,287
Assets and Liabilities:
- Total Assets: $133,479
- Total Liabilities: $28,752
- Net Assets: $104,727
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Organization Details
Founding Year
2016
Phone
(715) 675-9000Principal Officer
David C Pflieger
Main Address
1000 W CAMPUS DRIVE, WAUSAU, WI, 54401
Website
www.cwimamfg.comNTEE Category
Code: J99 - Employment
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