Industrial Technology Institute, operating under the name Michigan Manufacturing Technology Center, is located in Plymouth, MI. The organization was established in 1981. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 12/2022, Michigan Manufacturing Technology Center employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Manufacturing Technology Center 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 12/2022, Michigan Manufacturing Technology Center generated $13.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $12.6m during the year ending 12/2022. While expenses have increased by 5.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
MICHIGAN MANUFACTURING TECHNOLOGY CENTER PROVIDES RESEARCH-BASED TRAINING AND CONSULTING TO SMALL AND MEDIUM-SIZED MANUFACTURERS IN MICHIGAN, AND USES MODIFIED VERSIONS OF ITS TRAINING AND CONSULTING CONTENT TO WORK WITH MANUFACTURERS, SERVICE COMPANIES, AND HOSPITALS IN THE U.S. AND CANADA. SUBJECTS INCLUDE QUALITY AND ENVIRONMENTAL MANAGEMENT, LEAN MANUFACTURING, SALES, MARKETING, AND COST ESTIMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE MICHIGAN MEP CENTER WITH SUPPORT FROM MANUFACTURERS, THE US DEPARTMENT OF COMMERCE NIST MANUFACTURING EXTENSION PARTNERSHIP (MEP), AND THE MICHIGAN ECONOMIC DEVELOPMENT CORPORATION (MEDC). PROJECTS FOCUS PRIMARILY ON QUALITY, LEAN MANUFACTURING, SIX SIGMA, CYBER SECURITY SERVICES, INDUSTRY 4.0, RESEARCH SERVICES, LEADERSHIP, ENVIRONMENTAL, FOOD, DIVERSITY, AND GROWTH SERVICES. CLIENTS COMPLETING THIRD-PARTY POST-PROJECT SURVEYS IN 2022 CREDITED THEIR MMTC PROJECTS WITH CREATED SALES OF $148.2 MILLION, RETAINED SALES OF $603.5 MILLION, JOBS CREATED AND RETAINED 7,607, NEW INVESTMENTS OF $622.5 MILLION, AND COST SAVINGS OF $83.8 MILLION.
MMTC HAS SECURED FUNDS WITH THE STATE OF MI TO PROVIDE SERVICES IN THE AREAS REQUESTED BY THE MICHIGAN STRATEGIC FUND (MSF) AND SUPPORT OTHER MICHIGAN ECONOMIC DEVELOPMENT COUNCIL (MEDC) BUSINESS DEVELOPMENT EFFORTS. THE SERVICES INCLUDE BUT ARE NOT LIMITED TO: MATCHMAKING ASSISTANCE IN SUPPORT OF PURE MICHIGAN BUSINESS CONNECT (PMBC) REQUESTS, SUPPORT FOR SUPPLIER SUMMITS; SERVICES TO HELP MANUFACTURERS IMPROVE PROCESSES, INCREASE EFFICIENCY & GROW; AND SERVICES IN SUPPORT OF THE MEDC BUSINESS DEVELOPMENT EFFORTS. IN ADDITION, MMTC SUPPORTS THE MEDC INITIATIVES TO ADVANCE VARIOUS TECHNOLOGIES AND INDUSTRY 4.0. THE INITIATIVES CONSIST OF SIX (6) DEVELOPMENT AREAS: MARKETING OUTREACH, TECHNOLOGY ROADSHOWS, TECHNOLOGY ASSESSMENTS, PROCESS DEVELOPMENT, COURSE TRAINING, AND PROJECT MANAGEMENT.MMTC HAS BEEN AWARDED FUNDS THROUGH THE GOING PRO TALENT FUND (TALENT FUND), WHICH MAKES AWARDS TO EMPLOYERS TO ASSIST IN TRAINING, DEVELOPING, AND RETAINING CURRENT AND NEWLY HIRED EMPLOYEES. TRAINING FUNDED BY THE TALENT FUND MUST BE SHORT-TERM AND FILL A DEMONSTRATED TALENT NEED TO BE EXPERIENCED BY THE EMPLOYER. TRAINING MUST LEAD TO A CREDENTIAL FOR AN EMPLOYEE SKILL THAT IS TRANSFERABLE AND RECOGNIZED BY THE INDUSTRY.
MMTC HAS SECURED FUNDS WITH THE STATE OF MICHIGAN GOING PRO TRAINING FUND. THE GOING PRO TRAINING FUND (GPTF) MAKES AWARDS TO EMPLOYERS TO ASSIST IN TRAINING, DEVELOPING, AND RETAINING CURRENT AND NEWLY HIRED EMPLOYEES. TRAINING FUNDED BY THE GPTF MUST BE SHORT-TERM AND FILL A DEMONSTRATED TALENT NEED EXPERIENCED BY THE EMPLOYER. TRAINING MUST LEAD TO A CREDENTIAL FOR A TRANSFERABLE SKILL RECOGNIZED BY THE INDUSTRY.
IN PURSUIT OF NIST ADVANCED MANUFACTURING TECHNOLOGY SERVICE FUNDS, THE MMTC, THE ILLINOIS MANUFACTURING EXCELLENCE CENTER (IMEC), AND THE OHIO-BASED MANUFACTURING ADVOCACY AND GROWTH NETWORK (MAGNET) HAVE CREATED A PARTNERSHIP, D3+, TO ALIGN AND BUILD UPON ONGOING AND PREVIOUSLY NIST-FUNDED EFFORTS TO IMPLEMENT PROJECT-BASED TECHNICAL ASSISTANCE ON ADVANCED I4.0 TECHNOLOGIES, WITH AN EMPHASIS ON SERVING THE TECHNOLOGY-BASED NEEDS OF U.S.-BASES SMALL AND MIDSIZE MANUFACTURERS. D3+ WILL NOT GENERATE ANY PROGRAM INCOME FROM THIS PROJECT. D3+ REFERENCES THE THREE REGIONAL PARTNERS AND THE THREE DIGITAL I4.0 TECHNOLOGIES THIS PARTNERSHIP PRIORITIZES AUTOMATION AND ROBOTICS, BIG DATA, AND THE INTERNET OF THINGS WITH THE + SYMBOLIZING THEIR ABILITY AND WILLINGNESS TO PROVIDE ADDITIONAL SUPPORT FOR OTHER I4.0 SOLUTIONS. MMTC WILL BE THE RECIPIENT AND RECEIVE $500,000 OF THE AWARD, WHILE IMEC AND MAGNET WILL ACT AS SUBRECIPIENTS AND RECEIVE $250,000 EACH.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tom Kelly Board Member | Trustee | 0.5 | $0 |
Michael Davenport Board Member | Trustee | 0.5 | $0 |
Patrick Curry Board Member | Trustee | 0.5 | $0 |
Natalie Chmiko Board Member | Trustee | 0.5 | $0 |
Joshua Hunt Board Member (partial Year) | Trustee | 0.5 | $0 |
Ed Terris Board Member | Trustee | 0.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Saginaw Valley State University Regional Office | 12/30/22 | $722,718 |
Sadler Consulting Consulting | 12/30/22 | $143,200 |
Right Place Program Regional Office | 12/30/22 | $1,076,059 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $10,069,150 |
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 | $10,069,150 |
Total Program Service Revenue | $3,111,349 |
Investment income | $16,362 |
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 | $13,199,043 |
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. | $556,697 |
Compensation of current officers, directors, key employees. | $104,515 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $5,802,265 |
Pension plan accruals and contributions | $224,258 |
Other employee benefits | $838,302 |
Payroll taxes | $382,378 |
Fees for services: Management | $0 |
Fees for services: Legal | $10,313 |
Fees for services: Accounting | $63,252 |
Fees for services: Lobbying | $61,794 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,420,976 |
Advertising and promotion | $9,161 |
Office expenses | $408,829 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $409,359 |
Travel | $183,095 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $163,882 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $239,494 |
Insurance | $51,876 |
All other expenses | $20,825 |
Total functional expenses | $12,627,977 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $323 |
Savings and temporary cash investments | $4,790,580 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,542,759 |
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 | $203,847 |
Net Land, buildings, and equipment | $749,812 |
Investments—publicly traded securities | $1,130,534 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,698,774 |
Total assets | $11,116,629 |
Accounts payable and accrued expenses | $1,702,223 |
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 | $0 |
Other liabilities | $2,003,059 |
Total liabilities | $3,705,282 |
Net assets without donor restrictions | $7,411,347 |
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 | $11,116,629 |