Massachusetts Manufacturing Extension Partnership Inc
- Assets
- $4.8m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 48
- Location
- Auburn, MA
- Founding
- 08/2000
- Data as of
- 06/2023
- EIN
- 04-3459696
Organization Overview
Massachusetts Manufacturing Extension Partnership Inc is located in Auburn, MA. The organization was established in 2000. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Massachusetts Manufacturing Extension Partnership Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Manufacturing Extension Partnership Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Massachusetts Manufacturing Extension Partnership Inc generated $9.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $8.9m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MASSACHUSETTS MEP LINKS PUBLIC AND PRIVATE SECTOR SERVICE PROVIDERS AND COMPLIMENTS FEDERAL, STATE AND LOCAL PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
AN EDUCATIONAL EXTENSION PROGRAM TO ASSIST SMALL MANUFACTURERS, LOCATED IN MASSACHUSETTS, IN APPLYING PRODUCTION AND PROCESS TECHNOLOGIES AND BUSINESS MANAGEMENT PRACTICES TO THEIR OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Gilmore Board Member | Trustee | 1 | $0 |
Dennis Leonard Board Member | OfficerTrustee | 1 | $0 |
Jeffrey Turgeon Board Member | Trustee | 1 | $0 |
John Berg Board Member | Trustee | 1 | $0 |
Jessica Barnes Board Member | Trustee | 1 | $0 |
Mark W Smithers Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Exolytic Inc Consultant | 6/29/23 | $446,100 |
Safety Trainers Consultant | 6/29/23 | $361,818 |
Tribalvision Llc Consultant | 6/29/23 | $106,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,632,980 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,632,980 |
| Total Program Service Revenue | $2,641,053 |
| Investment income | $43,498 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,326,531 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,085,145 |
| Compensation of current officers, directors, key employees. | $596,881 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,815,615 |
| Pension plan accruals and contributions | $358,853 |
| Other employee benefits | $712,244 |
| Payroll taxes | $298,550 |
| Fees for services: Management | $137,221 |
| Fees for services: Legal | $6,107 |
| Fees for services: Accounting | $31,500 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $64,623 |
| Office expenses | $71,772 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $197,400 |
| Travel | $184,709 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,131 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,149 |
| Insurance | $40,308 |
| All other expenses | $148,183 |
| Total functional expenses | $8,936,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,294,486 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $735,392 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $131,500 |
| Net Land, buildings, and equipment | $41,592 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $613,556 |
| Total assets | $4,816,526 |
| Accounts payable and accrued expenses | $1,054,686 |
| Grants payable | $0 |
| Deferred revenue | $1,008,308 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $597,106 |
| Total liabilities | $2,660,100 |
| Net assets without donor restrictions | $2,156,426 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,816,526 |