Overview
What is Industrial Sewing And Innovation Center?
The Industrial Sewing and Innovation Center, known as ISAIC, is a nonprofit organization situated in Detroit, Michigan. With a team of 44 dedicated individuals, the center focuses on empowering people to constantly innovate within the apparel manufacturing industry, aiming to improve both the sector and individuals' lives. Their mission is to relentlessly advance innovation in sustainable apparel manufacturing and equitable talent force development, acting as responsible stewards for the wellbeing of their team, partners, community, and planet. ISAIC offers an internal apprenticeship program, external education opportunities, and ongoing training to foster continuous growth. Their activities center around the internal apprenticeship program, external education, and ongoing training to empower individuals and drive innovation in the apparel manufacturing industry.
Official website here: www.isaic.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Industrial Sewing and Innovation Center has received a two-star rating from Charity Navigator, indicating that there are significant areas requiring attention. The organization has a solid structure with a fully independent board, which is a positive aspect of its governance. However, there are notable weaknesses in its financial practices, particularly with a high liabilities-to-assets ratio and a low program expense ratio, suggesting that more funds are being diverted away from programs that directly benefit its mission.
While the organization scores well on several accountability metrics, such as the absence of material asset diversion and the presence of a conflict of interest policy, it lacks essential policies like a whistleblower policy and document retention practices. These gaps can pose risks to transparency and accountability, further emphasizing the need for improvement in governance and oversight.
Financially, the program expense ratio is below expectations, indicating that not enough of the funds raised are being allocated towards its programs. The fundraising efficiency ratio also highlights challenges in raising funds effectively. Overall, while the organization has a solid governance framework, it must address its financial health and policy deficiencies to enhance its overall performance and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Industrial Sewing And Innovation Center legitimate?
Industrial Sewing And Innovation Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Industrial Sewing And Innovation Center 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: $817,148
For more financial information, click here
Official website here: www.isaic.org
What is the mission statement of Industrial Sewing And Innovation Center?
The Industrial Sewing and Innovation Center's mission is to persistently innovate in sustainable apparel manufacturing and equitable talent development. They strive to be responsible stewards, prioritizing the wellbeing of their team, partners, community, and the planet. To achieve this, they offer internal apprenticeships, external education programs, and ongoing training. The center aims to advance innovation in the industry, ultimately improving lives.
Official website here: www.isaic.org
Who is the CEO of Industrial Sewing And Innovation Center?
Jennifer Guarino is the President of Industrial Sewing And Innovation Center.
Official website here: www.isaic.org
What is the revenue of Industrial Sewing And Innovation Center?
Industrial Sewing And Innovation Center's revenue in 2022 was $2,107,911.
Official website here: www.isaic.org
Who are the executives of Industrial Sewing And Innovation Center and what are their salaries?
The average compensation at Industrial Sewing And Innovation Center during 2022 was $18,572. There are 44 employees at Industrial Sewing And Innovation Center.
Here are 13 key members and their salaries:
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Official website here: www.isaic.org
Where can I find the form 990 for Industrial Sewing And Innovation Center?
Industrial Sewing And Innovation Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.isaic.org
Learn more at the official website: www.isaic.org
Mission Statement of Industrial Sewing And Innovation Center
The Industrial Sewing and Innovation Center, a pioneering organization, is committed to relentlessly driving innovation in sustainable apparel manufacturing and fostering an equitable workforce. Their mission, in essence, is to ceaselessly advance innovation in this field, serving as responsible stewards for the wellbeing of their team, partners, community, and the planet. They achieve this through their internal apprenticeship program, external education initiatives, and ongoing training schemes, empowering individuals to pursue innovation with unwavering determination. By doing so, they aim to improve the industry and contribute positively to people's lives.
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Impact
July, 2024
The Industrial Sewing and Innovation Center empowers individuals to relentlessly pursue innovation for a better industry and better lives. Through internal apprenticeship, external education, and ongoing training programs, the center is making a significant impact in Detroit, MI. Their mission to advance innovation in sustainable apparel manufacturing and develop an equitable talent force demonstrates their commitment to the wellbeing of their team, partners, community, and the planet. The center's focus on education is particularly noteworthy, as it equips individuals with the skills and knowledge needed to succeed in the evolving industry.
This information is meant to be a general summary of Industrial Sewing And Innovation Center. 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: -$13,605
- Program Service Revenue: $108,111
- Gross Receipts: $3,121,787
Assets and Liabilities:
- Total Assets: $1,444,915
- Total Liabilities: $1,469,012
- Net Assets: -$24,097
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION AND TRAINING PROGRAM
Revenue
$108,111
Organization Details
Founding Year
2018
Phone
(313) 870-1898Principal Officer
Jennifer Guarino
Main Address
5800 CASS AVE, DETROIT, MI, 48202
Website
www.isaic.orgNTEE Category
Code: B30 - Education
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