Delaware Manufacturing Alliance Inc
- Assets
- $1.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, DE
- Founding
- 11/1994
- Data as of
- 03/2024
- EIN
- 51-0352080
Organization Overview
Delaware Manufacturing Alliance Inc is located in Newark, DE. The organization was established in 1994. According to its NTEE Classification (J99) the organization is classified as: Employment N.E.C., under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware Manufacturing Alliance 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 03/2024, Delaware Manufacturing Alliance Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $1.3m during the year ending 03/2024. While expenses have increased by 2.8% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP DELAWARE'S MANUFACTURERS SUBSTANTIALLY IMPROVE THEIR QUALITY, PRODUCTIVITY, AND PROFITABILITY BY IDENTIFYING, TRANSFERRING, AND IMPLEMENTING APPROPRIATE BEST PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEMEP OFFERS INFORMATION AND TECHNOLOGY RESOURCES TO HELP MANUFACTURERS COMPETE IN A GLOBAL MARKET
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Rachel Anderson Executive Director | OfficerTrustee | 4 | $15,431 |
Rustyn Stoops Deputy Director | OfficerTrustee | 37.5 | $107,691 |
Dr Lora A Johnson Chairwoman | OfficerTrustee | 1 | $0 |
Dr Paul T Morris Vice Chairman | OfficerTrustee | 1 | $0 |
Daniel Ehmann Treasurer | OfficerTrustee | 1 | $0 |
Catherine Bassett Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $738,554 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $742,554 |
| Total Program Service Revenue | $345,188 |
| Investment income | $1,257 |
| 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 | $1,088,999 |
| 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. | $59,807 |
| Compensation of current officers, directors, key employees. | $38,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $216,348 |
| Pension plan accruals and contributions | $63,172 |
| Other employee benefits | $68,314 |
| Payroll taxes | $52,289 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,689 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $47,175 |
| Office expenses | $471 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,586 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,372 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,654 |
| All other expenses | $8,565 |
| Total functional expenses | $1,299,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $857,621 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $416,061 |
| 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 | $20,032 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $162,171 |
| Total assets | $1,455,885 |
| Accounts payable and accrued expenses | $35,482 |
| Grants payable | $0 |
| Deferred revenue | $2,165 |
| 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 | $319,870 |
| Total liabilities | $357,517 |
| Net assets without donor restrictions | $1,098,368 |
| 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 | $1,455,885 |