Manufacturing Renaissance
- Assets
- $174.5k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Chicago, IL
- Founding
- 02/1984
- Data as of
- 06/2022
- EIN
- 36-3197648
Organization Overview
Manufacturing Renaissance, operating under the name Fka Center For Labo And Commun, is located in Chicago, IL. The organization was established in 1984. According to its NTEE Classification (V37) the organization is classified as: Labor Studies, under the broad grouping of Social Science and related organizations. As of 06/2022, Fka Center For Labo And Commun employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fka Center For Labo And Commun 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, Fka Center For Labo And Commun generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. 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
MRS MISSION IS GUIDED BY A COMPREHENSIVE UNDERSTANDING OF SUSTAINABLE DEVELOPMENT, AS DEFINED BY THE UNITED NATIONS, AND GROUNDED IN EXPERIENCE GUIDED BY: SOCIAL JUSTICE. LEADERSHIP DEVELOPMENT. INNOVATION IN WEALTH CREATION. RESPECT FOR WORKERS. COMMUNITIES AND THE ENVIRONMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANUFACTURING CONNECT (MC) IS A PROGRAM DESIGNED TO INSPIRE, PREPARE, AND SUPPORT YOUTH AND YOUNG ADULTS TO PURSUE CAREER PATHWAYS IN MANUFACTURING. MC IS A COMMUNITY-BASED PROGRAM SERVING IN-SCHOOL AND OUT-OF-SCHOOL YOUTH TO PROVIDE HIGH QUALITY, CAREER PATHWAY PROGRAMMING INCLUDING CAREER EXPOSURE, TECHNICAL TRAINING AND WORK EXPERIENCES TO HELP YOUNG PEOPLE START AND KEEP GOOD PAYING JOBS IN MANUFACTURING. MC INCLUDES THE YOUNG MANUFACTURERES ASSOCIATION (YMA) AND NEW INITIATIVE DEVELOPED TO CONTINUE PROVIDING CAREER AND PEER SUPPORTS TO YOUNG ADULTS NEW TO WORKING IN MANURACTURING OR WHO ARE INTERESTED IN STARTING TRAINING OR A CAREER-TRACK JOB IN MANURACTURING. TO-DATE MC/YMA IS RESPONSIBLE FOR 323 YOUTH COMPLETING 582 WORK EXPERIENCES; 238 YOUTH EARN 348 INDUSTRY CREDENTIALS; 95 YOUNG ADULTS BEING PLACED IN 141 FULL-TIME MANURACTURING JOBS AVERAGING 1-YEAR RETENTION ON THE JOB AND EARNING $15/HOUR PLUS BENEFITS.
ESTABLISHED IN 2005, THE CHICAGOLAND MANUFACTURING RENAISSANCE COUNCIL (CMRC) IS A NETWORK THAT CONVENES STAKEHOLDERS FROM DIFFERENT SECTORS WHO SUPPORT THE PROGRAMS AND POLICIES THAT EXPAND THE MANUFACTURING SECTOR IN THE CHICAGOLAND AREA AS A STRATEGIC VEHICLE FOR PROMOTING INCLUSION, COMMUNITY AND ECONOMIC DEVELOPMENT.
COOK COUNTY EARLY WARNING NETWORK CONNECTED 720 BUSINESSES AND HELPING SIX COMPANIES PRESERVE 340 FAMILY JOBS. THIS PROGRAM PROVIDES FREE OF CHARGE IMMEDIATE RESPONSE WITH A 72-HOUR TURNAROUND BY STAFF WHO WILL CONTACT THE COMPANY FOR A SITE VISIT, QUICK DIAGNOSIS AND ASSESSMENT OF THE SITUATION TO HELP DEFINE CRITICAL PROBLEM AND A LAYOFF AVERSION/RETENTION.
OWNERSHIP CONVERSION IS A PARTNERSHIP BETWEEN MANUFACTURING RENAISSANCE, SAFER FOUNDATION, CHICAGO FEDERATION OF LABOR, LOCAL INITIATIVE SUPPORT CORPORATION (LISC) CHICAGO, WORLD BUSINESS CHICAGO, COOK COUNTRY BUREAU OF ECONOMIC DEVELOPMENT AND THE ILLINOIS STATE TREASURER. THE PURPOSE OF THE PROJECT IS TO HELP RETAIN CHICAGOS INDUSTRIAL BASE BY ARRANGING THE AQUISITION OF MANUFACTURING COMPANIES THROUGH OWNERSHIP SUCCESSION BY GROUPS OF EMPLOYEES AND HIGH ROAD ENTREPRENEURS, PARTICULARLY AFRICAN-AMERICAN AND HISPANIC MEN AND WOMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica Staley Executive Director | Officer | 40 | $96,182 |
Edward Hamburg Chairperson | Trustee | 1 | $0 |
Douglas Gamble Secretary | Trustee | 1 | $0 |
John Scheflow Director | Trustee | 1 | $0 |
Montez King Treasurer | Trustee | 1 | $0 |
Garrick Davis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $667,530 |
| All other contributions, gifts, grants, and similar amounts not included above | $433,606 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,101,136 |
| Total Program Service Revenue | $45,529 |
| 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 | $1,146,685 |
| 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. | $119,057 |
| Compensation of current officers, directors, key employees. | $79,012 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $614,622 |
| Pension plan accruals and contributions | $13,702 |
| Other employee benefits | $86,226 |
| Payroll taxes | $54,570 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,314 |
| Fees for services: Accounting | $11,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $212,419 |
| Advertising and promotion | $5,070 |
| Office expenses | $32,669 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,813 |
| Travel | $609 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,018 |
| Interest | $7,025 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,945 |
| Insurance | $10,271 |
| All other expenses | $7,374 |
| Total functional expenses | $1,299,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,864 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $82,572 |
| 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 | $7,713 |
| Net Land, buildings, and equipment | $4,121 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,238 |
| Total assets | $174,508 |
| Accounts payable and accrued expenses | $80,026 |
| Grants payable | $0 |
| Deferred revenue | $249,934 |
| 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 | $312,764 |
| Other liabilities | $0 |
| Total liabilities | $642,724 |
| Net assets without donor restrictions | -$521,816 |
| Net assets with donor restrictions | $53,600 |
| 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 | $174,508 |