Manufacturers Edge
- Assets
- $381.9k
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 17
- Location
- Lakewood, CO
- Founding
- 08/2006
- Data as of
- 06/2022
- EIN
- 20-2265183
Organization Overview
Manufacturers Edge is located in Lakewood, CO. The organization was established in 2006. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Manufacturers Edge employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manufacturers Edge 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 06/2022, Manufacturers Edge generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $3.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MANUFACTURER'S EDGE IS A STATE-WIDE MANUFACTURING ASSISTANCE CENTER DEDICATED TO HELPING BOOST THE COMPETITIVENESS OF COLORADO'S MANUFACTURERS, AND TO SUPPORT COLORADO'S ECONOMIC DEVELOPMENT IN A COLLABORATIVE FORUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON-SITE TRAINING AND WORKSHOPS - EDUCATION IN DEVELOPING STRONG AND SUCCESSFUL METHODS USED IN MANUFACTURING.
TECHNOLOGY INFORMATION TRANSFER - THROUGH COLLABORATION, RESEARCH AND TRAINING, MANFACTURER'S EDGE WILL PARTNER WITH COLORADO UNIVERSITIES AND NATIONAL LABORATORIES TO IMPROVE TECH TRANSFER.
WEB-BASED RESOURCE LINK - PROVIDE INFORMATION TO COLORADOANS DESIGNED TO HELP IDENTIFY NEW TECHNOLOGY AND METHODS AIMED AT INCREASING ECONOMIC DEVELOPMENT OPPORTUNITIES IN THE STATE OF COLORADO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelli Brunswick Chair | OfficerTrustee | 1 | $0 |
Wayne Anderson Treasurer | OfficerTrustee | 1 | $0 |
Suzan Damron Treasurer | OfficerTrustee | 1 | $0 |
Thomas Bugnitz Dir/ceo Thru | OfficerTrustee | 40 | $175,264 |
Johnathan Ballesteros Director | Trustee | 1 | $0 |
Thom Mandl Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cavendish Scott Inc Consulting | 6/29/20 | $213,078 |
Twi Training Solutions Consulting | 6/29/20 | $138,250 |
5280 Positive Impact Llc Consulting | 6/29/20 | $124,601 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,834,864 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,667 |
| Noncash contributions included in lines 1a–1f | $6,667 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,841,531 |
| Total Program Service Revenue | $654,227 |
| Investment income | $0 |
| 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 | $3,495,758 |
| 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. | $163,067 |
| Compensation of current officers, directors, key employees. | $48,467 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,643,615 |
| Pension plan accruals and contributions | $52,734 |
| Other employee benefits | $0 |
| Payroll taxes | $128,146 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $791,973 |
| Advertising and promotion | $91,397 |
| Office expenses | $35,593 |
| Information technology | $77,803 |
| Royalties | $0 |
| Occupancy | $18,458 |
| Travel | $86,295 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,386 |
| Interest | $13,465 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,408 |
| All other expenses | $2,702 |
| Total functional expenses | $3,872,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,709 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,217 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $381,926 |
| Accounts payable and accrued expenses | $265,896 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $715,232 |
| Other liabilities | $0 |
| Total liabilities | $981,128 |
| Net assets without donor restrictions | -$599,202 |
| 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 | $381,926 |