Manufacturing Institute
- Assets
- $8.5m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/1977
- Data as of
- 12/2023
- EIN
- 52-1073576
Organization Overview
Manufacturing Institute is located in Washington, DC. The organization was established in 1977. According to its NTEE Classification (Q05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manufacturing Institute 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 12/2023, Manufacturing Institute generated $8.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $9.6m during the year ending 12/2023. While expenses have increased by 14.1% per year over the past 9 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.
Since 2014, Manufacturing Institute has awarded 47 individual grants totaling $900,743. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MANUFACTURING INSTITUTE'S MISSION IS TO BUILD A RESILIENT MANUFACTURING WORKFORCE PREPARED FOR THE CHALLENGES AND OPPORTUNITIES OF THE FUTURE. THROUGH IMPLEMENTING GROUNDBREAKING PROGRAMS, CONVENING INDUSTRY LEADERS AND CONDUCTING INNOVATIVE RESEARCH, THE MI FURTHERS INDIVIDUAL OPPORTUNITY, COMMUNITY PROSPERITY AND A MORE COMPETITIVE MANUFACTURING INDUSTRY. AS THE 501 (C)3 NONPROFIT WORKFORCE DEVELOPMENT AND EDUCATION AFFILIATE OF THE NATIONAL ASSOCIATION OF MANUFACTURERS, THE MI IS A TRUSTED ADVISER TO MANUFACTURERS, EQUIPPING THEM WITH SOLUTIONS TO ADDRESS THE TOUGHEST WORKFORCE ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONNECTING THE MILITARY WITH MANUFACTURING CAREER OPPORTUNITIES: THE MI'S HEROES MAKE AMERICA BUILDS CONNECTIONS BETWEEN THE MILITARY COMMUNITY AND THE MANUFACTURING INDUSTRY. THE PROGRAM PROVIDES INTEGRATED CERTIFICATION AND CAREER-READINESS TRAINING IN PARTNERSHIP WITH LOCAL COMMUNITY COLLEGES TO PREPARE TRANSITIONING SERVICE MEMBERS, VETERANS, NATIONAL GUARD, RESERVISTS AND MILITARY SPOUSES FOR REWARDING CAREERS IN MANUFACTURING.
ALL OTHER PROGRAMS
PROVIDING GLOBAL-BEST WORKFORCE DEVELOPMENT: THE MI'S FAME USA INITIATIVE DEVELOPS HIGHLY SKILLED, PROFESSIONAL AND SOUGHT-AFTER TALENT WHO CAN MEET THE UNIQUE NEEDS AND CHALLENGES OF TODAY'S MODERN MANUFACTURING WORKFORCE. THIS EARN-WHILE-YOU LEARN PROGRAM FEATURES STRONG TECHNICAL TRAINING, INTEGRATION OF MANUFACTURING CORE COMPETENCIES, INTENSIVE PROFESSIONAL PRACTICES AND INTENTIONAL HANDS-ON EXPERIENCE.
INSPIRING WOMEN AND YOUNG ADULTS TO PURSUE CAREERS IN MODERN MANUFACTURING: THROUGH ITS CAREERS ON TRACK INITIATIVE, THE MI IS SUPPORTING WORKFORCE DEVELOPMENT AND CAREER SOLUTIONS FOR YOUNG WOMEN BY CREATING A DIGITAL STEM CURRICULUM, A VIRTUAL 3D-MAPPING STEM EXPERIENCE, STEM MICRO-GRANT PROGRAM FOR YOUNG WOMEN AND COMPELLING PUBLIC EVENTS TO SHOWCASE THE CAREERS OPPORTUNITIES IN THE INDUSTRY FOR STUDENTS, PARENTS AND TEACHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Timmons Board Chair | OfficerTrustee | 2 | $0 |
Todd Boppell Director & Acting Treasurer | OfficerTrustee | 1 | $0 |
Mary Andringa Director | Trustee | 1 | $0 |
Karl Hutter Director | Trustee | 1 | $0 |
Rose Lee Director | Trustee | 1 | $0 |
Chris Nielsen Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Solutions For Information Design Llc Consultant, Military Lers Initiative | 12/30/23 | $424,201 |
Neovation Corporation Elearning Course Creation | 12/30/23 | $280,058 |
Everfi Consultants For Endeavor Initiative | 12/30/23 | $259,000 |
Mac Proudctions Inc Audio Visual | 12/30/23 | $230,679 |
Cmi Audiovisual Audio Visual | 12/30/23 | $239,519 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $145,000 |
| Government grants | $277,390 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,010,497 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,432,887 |
| Total Program Service Revenue | $1,637,554 |
| Investment income | $134,823 |
| 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 | $8,214,206 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $227,500 |
| 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. | $971,508 |
| Compensation of current officers, directors, key employees. | $640,861 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,673,157 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $585,656 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,253 |
| Fees for services: Accounting | $13,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,271,842 |
| Advertising and promotion | $68,869 |
| Office expenses | $78,146 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $120,000 |
| Travel | $276,980 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,143,016 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,591,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $376,397 |
| Savings and temporary cash investments | $5,825,700 |
| Pledges and grants receivable | $2,261,671 |
| Accounts receivable, net | $41,733 |
| 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 | $8,505,501 |
| Accounts payable and accrued expenses | $950,891 |
| Grants payable | $548,050 |
| Deferred revenue | $15,000 |
| 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 | $0 |
| Total liabilities | $1,513,941 |
| Net assets without donor restrictions | $1,881,830 |
| Net assets with donor restrictions | $5,109,730 |
| 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 | $8,505,501 |
Grants Awarded
Over the last fiscal year, Manufacturing Institute has awarded $227,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
GOODWILL OF NORTH GEORGIA INC PURPOSE: ATLANTA SECOND CHANCE -PILOT LAUNCH | $20,000 |
BOYS & GIRLS CLUB OF THE TWIN CITIES PURPOSE: MANUFACTURING INSTITUTE AND UNION PACIFIC CAREER READINESS GRANT | $10,000 |
IURBAN TEEN PURPOSE: MANUFACTURING INSTITUTE AND UNION PACIFIC CAREER READINESS GRANT | $10,000 |
JOBS FOR THE FUTURE INC PURPOSE: MILITARY LERS & BADGING MANUFACTURING SKILLS | $150,000 |
GIRLS INC OF ALAMEDA COUNTY PURPOSE: MANUFACTURING INSTITUTE AND UNION PACIFIC CAREER READINESS GRANT | $10,000 |
PLAYERS PHILANTHROPY FUND PURPOSE: MANUFACTURING INSTITUTE AND UNION PACIFIC CAREER READINESS GRANT | $10,000 |