Overview
What is New Mexico Manufacturing Extension Partnership?
New Mexico Manufacturing Extension Partnership (NM MEP) is a nonprofit organization situated in Albuquerque, New Mexico. Their mission is to bolster the competitiveness of the local manufacturing and business sector on a national and global scale, simultaneously fostering a globally competitive workforce. To achieve this, NM MEP provides an educational extension program, assisting 89 small manufacturers in New Mexico to incorporate advanced production techniques and modern technologies into their business management strategies and production processes. Furthermore, the organization serves an additional 125 manufacturers through the NMSBA program, collectively aiding 214 entities in their growth and development.
Official website here: www.newmexicomep.org
What are the reviews and ratings of this charity?
96% - This charity has earned a Four-Star out of Four Star rating from Charity Navigator, indicating a very high level of accountability and financial health. A score of 96 reflects strong performance across various metrics, showcasing their effective governance and transparency practices.
The New Mexico Manufacturing Extension Partnership demonstrates commendable organizational strengths with a robust independent board and excellent financial oversight. All key aspects, including their conflict of interest and whistleblower policies, are in place and well-documented, contributing to their overall credibility. Their program expense ratio of 91.22% highlights a commitment to allocating funds directly towards their mission.
There are no significant limitations noted in the available data. The organization maintains a favorable liabilities to assets ratio of 16.61%, further illustrating their financial stability. This positive assessment underscores their capacity to effectively use donations for their intended purposes while adhering to best practices in nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is New Mexico Manufacturing Extension Partnership legitimate?
New Mexico Manufacturing Extension Partnership is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Mexico Manufacturing Extension Partnership 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: $264,039
Professional Fundraising Fees: $0
Other Salaries and Wages: $549,212
For more financial information, click here
Official website here: www.newmexicomep.org
What is the mission statement of New Mexico Manufacturing Extension Partnership?
The New Mexico Manufacturing Extension Partnership's mission is centered around supporting the existing manufacturing and business community. Its primary goal is to enhance their industry competitiveness on a national and global scale, while simultaneously developing a globally competitive workforce. The organization achieves this by providing an educational extension program, assisting small manufacturers in implementing advanced production techniques and modern technologies, thereby improving their business management practices and production operations. Over the course of time, the organization has served over 125 manufacturers directly and helped 89 small manufacturers specifically, through its NMSBA program, contributing to a total of 214 assisted entities.
Official website here: www.newmexicomep.org
Who is the CEO of New Mexico Manufacturing Extension Partnership?
Jennifer Sinsabaugh is the Director of New Mexico Manufacturing Extension Partnership.
Official website here: www.newmexicomep.org
What is the revenue of New Mexico Manufacturing Extension Partnership?
New Mexico Manufacturing Extension Partnership's revenue in 2022 was $2,640,568.
Official website here: www.newmexicomep.org
Who are the executives of New Mexico Manufacturing Extension Partnership and what are their salaries?
The average compensation at New Mexico Manufacturing Extension Partnership during 2022 was $58,089. There are 14 employees at New Mexico Manufacturing Extension Partnership.
Here are 8 key members and their salaries:
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- Compensation: $167,333
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- Other: $29,456
- Compensation: $67,250
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Official website here: www.newmexicomep.org
Where can I find the form 990 for New Mexico Manufacturing Extension Partnership?
New Mexico Manufacturing Extension Partnership's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newmexicomep.org
Learn more at the official website: www.newmexicomep.org
Mission Statement of New Mexico Manufacturing Extension Partnership
The New Mexico Manufacturing Extension Partnership, abbreviated as NM MEP, is committed to assisting the existing manufacturing and business community in enhancing their industry competitiveness on a national and global scale. This nonprofit organization strives to foster a globally competitive workforce, playing a significant role in the development of advanced production techniques and state-of-the-art technologies in business management practices and production operations. Through an educational extension program, NM MEP aided 89 small manufacturers in New Mexico in applying these advanced methods, thereby strengthening their industry competitiveness. Additionally, the organization offered support to 125 manufacturers through its NMSBA program, contributing to a total of 214 assisted manufacturers.
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Impact
July, 2024
New Mexico Manufacturing Extension Partnership has significantly impacted the manufacturing sector in the state by assisting numerous small manufacturers in applying advanced production techniques and cutting-edge technologies to enhance their business practices and production operations. Through their educational extension program, the organization has worked with 89 small manufacturers in New Mexico. In addition, a total of 125 manufacturers have received services through the NMSBA program, bringing the total number of assisted manufacturers to 214. This support has helped these businesses become more competitive nationally and globally, contributing to the overall growth and development of the manufacturing industry in New Mexico.
This information is meant to be a general summary of New Mexico Manufacturing Extension Partnership. 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.
- Program Service Revenue: $1,026,775
- Gross Receipts: $2,640,568
Assets and Liabilities:
- Total Assets: $4,396,720
- Total Liabilities: $730,481
- Net Assets: $3,666,239
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROJECT FEES
Revenue
$1,026,775
Organization Details
Founding Year
2000
Phone
(505) 262-0921Principal Officer
Jennifer Sinsabaugh
Main Address
8600 SAN MATEO BLVD NE STE 100, ALBUQUERQUE, NM, 87113
Website
www.newmexicomep.orgNTEE Category
Code: S30 - Community improvement
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