Overview
What is American Center For Optics Manufacturing Inc?
American Center for Optics Manufacturing Inc, based in Rochester, New York, is a nonprofit organization dedicated to addressing the growing complexity and expanding manufacturing needs of the nation's optics industry. Their mission involves designing and executing workforce training programs, developing advanced optic manufacturing technologies, testing equipment, and procuring specialized materials to support scalable manufacturing. They aim to successfully transition mission-critical optics technologies from research into sustainable manufacturing, contributing to the overall growth and success of the optics industry with a team of 6 dedicated individuals.
Official website here: www.americom.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 38%
The American Center For Optics Manufacturing Inc has received a Zero-Star out of Four Star rating, primarily due to a low Accountability & Finance score of 38%. This rating indicates significant concerns regarding the organization's financial transparency and governance practices. The overall score is derived solely from the Accountability & Finance metrics, highlighting that there are no additional strengths or favorable factors contributing to its evaluation.
Despite having a board that is fully independent, with 72% of its members meeting independence criteria, the organization lacks essential policies such as a conflict of interest policy, whistleblower policy, and a document retention and destruction policy. Furthermore, the absence of financial statements and the low liabilities to assets ratio (90.63%) raises red flags about the financial health and operational accountability of the nonprofit.
While the organization does show some positive aspects, such as maintaining board meeting minutes and having its website listed on the tax form, the overall lack of critical financial documentation and policies has led to a concerning rating. This suggests that potential donors and stakeholders should exercise caution when considering engagement with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is American Center For Optics Manufacturing Inc legitimate?
American Center For Optics Manufacturing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Center For Optics Manufacturing 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: $332,308
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.americom.org
What is the mission statement of American Center For Optics Manufacturing Inc?
The American Center for Optics Manufacturing Inc is dedicated to designing and executing workforce training programs to meet the increasing complexity and growing manufacturing requirements of the nation's optics industry. Their mission involves developing advanced optic manufacturing technologies, testing equipment, and specialized materials necessary for scalable manufacturing. They strive to successfully transition mission-critical optics technologies from research into sustainable manufacturing.
Official website here: www.americom.org
Who is the CEO of American Center For Optics Manufacturing Inc?
Jeff Ruckman is the Director of American Center For Optics Manufacturing Inc. The CEO's salary of American Center For Optics Manufacturing Inc is $192,308 and their total compensation is $192,308.
Official website here: www.americom.org
What is the revenue of American Center For Optics Manufacturing Inc?
American Center For Optics Manufacturing Inc's revenue in 2022 was $1,778,657.
Official website here: www.americom.org
Who are the executives of American Center For Optics Manufacturing Inc and what are their salaries?
The average compensation at American Center For Optics Manufacturing Inc during 2022 was $55,385. There are 6 employees at American Center For Optics Manufacturing Inc.
Here are 5 key members and their salaries (American Center For Optics Manufacturing Inc's CEO's salary is $192,308 and their total compensation is $192,308):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $192,308
- Related: $0
- Other: $0
- Compensation: $125,000
- Related: $0
- Other: $0
Official website here: www.americom.org
Where can I find the form 990 for American Center For Optics Manufacturing Inc?
American Center For Optics Manufacturing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.americom.org
Learn more at the official website: www.americom.org
Mission Statement of American Center For Optics Manufacturing Inc
The American Center for Optics Manufacturing Inc is committed to designing and executing workforce training programs that cater to the increasing complexity and growing manufacturing requirements of the nation's optics industry. This nonprofit organization aims to develop advanced optic manufacturing technologies, testing equipment, and the specialized materials necessary for scalable manufacturing. Moreover, American Center for Optics Manufacturing Inc focuses on successfully transitioning mission-critical optics technologies from research into sustainable manufacturing. By doing so, it supports the nation's optics industry in its continuous evolution and growth.
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
July, 2024
American Center For Optics Manufacturing Inc's impact lies in its mission to design and execute workforce training programs to support the increasing complexity and growing manufacturing requirements of the nation's optics industry. Through developing advanced optic manufacturing technologies, testing equipment, and specialized materials required for scalable manufacturing, the organization plays a crucial role in transitioning mission-critical optics technologies from research into sustainable manufacturing. Their work contributes to the advancement of science research and the overall growth and innovation within the optics industry.
This information is meant to be a general summary of American Center For Optics Manufacturing 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: $1,537
- Gross Receipts: $1,778,657
Assets and Liabilities:
- Total Assets: $3,019,526
- Total Liabilities: $2,592,013
- Net Assets: $427,513
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2018
Phone
(585) 415-5291Principal Officer
Jeff Ruckman
Main Address
1565 JEFFERSON ROAD 420, ROCHESTER, NY, 14623
Website
www.americom.orgNTEE Category
Code: U20 - Science research
If you are a representative of American Center For Optics Manufacturing 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.