National Institute For Metalworking Skills Inc
- Assets
- $1.4m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfax, VA
- Founding
- 06/1996
- Data as of
- 12/2021
- EIN
- 52-1933455
Organization Overview
National Institute For Metalworking Skills Inc is located in Fairfax, VA. The organization was established in 1996. According to its NTEE Classification (J21) the organization is classified as: Vocational Counseling, 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. National Institute For Metalworking Skills 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 12/2021, National Institute For Metalworking Skills Inc generated $1.9m 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 (7.3%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.8%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPMENT AND PROMULATION OF PRECISION MANUFACTURING SKILL STANDARDS, CERTIFIES INDIVIDUAL SKILLS AGAINST STANDARDS, ACCREDITS PROGRAMS THAT MEET QUALITY REQUIREMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STANDARDS AND PRODUCT DEVELOPMENT:NIMS HAS DEVELOPED A SMART STANDARDS METHODOLOGY TO PROPERLY TRAIN EMPLOYEES IN A WORLD WHERE TECHNOLOGY EMERGES AND CHANGES FASTER THAN AN AVERAGE INDIVIDUAL CAN MASTER IN THEIR CAREER SPAN. ITS CUSTOMIZABLE FORMAT IS ALIGNED WITH MANUFACTURERS AND BASED ON SPECIFIC JOB ROLES WITHIN AN OCCUPATION THAT ARE EASILY STACKABLE INTO A MASTERFUL CAREER. SMART STANDARDS ENABLE COMMUNITIES TO DEFINE THEIR SPECIFIC JOB ROLES FROM A COLLECTION OF INDUSTRY-RECOGNIZED JOB DUTIES.
CREDENTIALING (INCLUDES INTERNATIONAL): SET NATIONAL INDUSTRY SKILL STANDARDS AND ISSUE CREDENTIALS TO CERTIFY STUDENTS AND WORKERS IN MANUFACTURING AGAINST INDUSTRY RECOGNIZED STANDARDS.
BUSINESS DEVELOPMENT:NIMS HELPS ORGANIZATIONS VALIDATE PERFORMANCE WITH PRACTICAL EXPERIENCES THAT REFLECT WHAT THEIR EMPLOYEES WILL FACE ON THE JOB. WE USE INNOVATIVE PROCESSES TO HELP ORGANIZATIONS DISCOVER THESE EXPERIENCES, DETERMINE HOW THEY WILL TRANSFER KNOWLEDGE AND SKILLS TO OTHERS, AND PLAN HOW THEY WILL RECOGNIZE STUDENTS AND WORKERS FOR THEIR SUCCESS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Montez King Executive Director/secretary | Officer | 40 | $169,756 |
Rebekah Hutton Deputy Executive Director | Officer | 40 | $24,973 |
Greg Chambers Chairman | OfficerTrustee | 4 | $0 |
Kimberly Arrigoni Treasurer | OfficerTrustee | 2 | $0 |
Roy Sweatman Vice Chair Exec Committee | OfficerTrustee | 1 | $0 |
Dean Bartles Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $354,707 |
| All other contributions, gifts, grants, and similar amounts not included above | $242,716 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $597,423 |
| Total Program Service Revenue | $1,344,488 |
| Investment income | $133 |
| 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 | $1,942,044 |
| 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. | $223,009 |
| Compensation of current officers, directors, key employees. | $46,082 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $570,630 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,783 |
| Payroll taxes | $93,216 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,439 |
| 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 | $151,508 |
| Advertising and promotion | $33,829 |
| Office expenses | $0 |
| Information technology | $163,852 |
| Royalties | $0 |
| Occupancy | $78,943 |
| Travel | $113,319 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,828 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,630 |
| Insurance | $17,205 |
| All other expenses | $10,033 |
| Total functional expenses | $1,700,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,008 |
| Savings and temporary cash investments | $929,056 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $138,411 |
| 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 | $9,718 |
| Net Land, buildings, and equipment | $137,071 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,500 |
| Total assets | $1,397,764 |
| Accounts payable and accrued expenses | $48,908 |
| Grants payable | $0 |
| Deferred revenue | $268,126 |
| 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 | $221,749 |
| Total liabilities | $538,783 |
| Net assets without donor restrictions | $838,864 |
| Net assets with donor restrictions | $20,117 |
| 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 | $1,397,764 |
Grants Awarded
Over the last fiscal year, National Institute For Metalworking Skills Inc has awarded $280,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
IMMERSIVE ENGINEERING INC PURPOSE: TRAINING | $270,000 |
WORKSHOP FOR WARRIORS PURPOSE: TRAINING | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Institute For Metalworking Skills Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Jobs For The Future Inc Boston, MA PURPOSE: TO SUPPORT AMERICAN WORKFORCE AND EDUCATION | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carenet Inc Winston Salem, NC | $2,113,794 | $2,648,506 |
National Institute For Metalworking Skills Inc Fairfax, VA | $1,397,764 | $1,942,044 |
Phoenix Employment Services Of Wilmington Inc Wilmington, NC | $1,322,817 | $1,242,849 |
Pcc Stride Inc Washington, DC | $234,219 | $489,190 |
Careercatchers Inc Silver Spring, MD | $210,473 | $877,481 |
Washington Interfaith Network Washington, DC | $1,351,588 | $705,995 |
Lifemark Inc Salisbury, MD | $175,641 | $617,853 |
Learn To Earn Inc Petersburg, VA | $79,888 | $411,262 |
Time For Change Washington, DC | $111,121 | $275,891 |
International Critical Infrastructure Security Institute Forest, VA | $2,749 | $0 |
Dress For Success-Washington Dc Washington, DC | $252,072 | $272,226 |
Blackchief Officers Committee Fulton, MD | $16,704 | $0 |