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← MANUFACTURING INSTITUTE

Form 990 for tax year 2023

Filed by MANUFACTURING INSTITUTE.

Totals

Total revenue
$8,214,206
Total expenses
$9,591,607
Contributions and grants received
$6,432,887
Grants paid
$227,500
Program service revenue
$1,637,554
Investment income
$134,823
Other revenue
$8,942
Total assets, end of year
$8,505,501
Total liabilities, end of year
$1,513,941
Net assets or fund balances, end of year
$6,991,560
Program services expenses (Part IX)
$8,543,281
Management and general expenses
$436,326
Fundraising expenses
$612,000
Program service expenses (Part III)
$8,543,281

Program services were 89.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $145,000

  • 1e · Government grants (contributions)

    $277,390

  • 1f · All other contributions, gifts and grants

    $6,010,497

  • 2a · Program service revenue: MEETINGS

    total $1,637,554 · related or exempt $1,637,554

  • 3 · Investment income

    total $134,823 · excluded $134,823

  • 11a · Other revenue: OTHER INCOME

    total $8,942 · excluded $8,942

  • 11e · Other revenue, total

    $8,942

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $227,500 · program services $227,500

  • 5 · Compensation of officers, directors and key employees

    total $971,508 · program services $99,950 · management and general $640,861 · fundraising $230,697

  • 7 · Other salaries and wages

    total $2,673,157 · program services $2,151,497 · management and general $217,227 · fundraising $304,433

  • 9 · Other employee benefits

    total $585,656 · program services $454,142 · management and general $54,644 · fundraising $76,870

  • 11b · Fees: legal

    total $15,253 · program services $1,240 · management and general $14,013

  • 11c · Fees: accounting

    total $13,525 · management and general $13,525

  • 11g · Fees: other

    total $3,271,842 · program services $3,252,438 · management and general $19,404

  • 12 · Advertising and promotion

    total $68,869 · program services $68,869

  • 13 · Office expenses

    total $78,146 · program services $55,410 · management and general $22,736

  • 16 · Occupancy

    total $120,000 · program services $20,000 · management and general $100,000

  • 17 · Travel

    total $276,980 · program services $254,766 · management and general $22,214

  • 19 · Conferences, conventions and meetings

    total $1,143,016 · program services $1,126,050 · management and general $16,966

  • 24a · Other expenses: EQUIPMENT

    total $77,373 · program services $69,577 · management and general $7,796

  • 24b · Other expenses: SUBSCRIPTIONS

    total $32,300 · program services $3,718 · management and general $28,582

  • 24c · Other expenses: MISCELLANEOUS

    total $29,730 · program services $27,927 · management and general $1,803

  • 24d · Other expenses: MEMBER DUES

    total $6,752 · program services $677 · management and general $6,075

  • 24e · All other expenses

    program services $729,520 · management and general -$729,520

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $376,397

  • 2 · Savings and temporary cash investments

    beginning of year $6,593,022 · end of year $5,825,700

  • 3 · Pledges and grants receivable

    beginning of year $4,233,319 · end of year $2,261,671

  • 4 · Accounts receivable

    end of year $41,733

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,350 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $2,320

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,320

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,282,330 · end of year $950,891

  • 18 · Grants payable

    beginning of year $1,183,400 · end of year $548,050

  • 19 · Deferred revenue

    end of year $15,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,235,401 · end of year $1,881,830

  • 28 · Net assets with donor restrictions

    beginning of year $7,133,560 · end of year $5,109,730

Mission and programs · 2023

Mission

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.

  • 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.

    Expenses $1,879,692 · Revenue $235,322

  • 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.

    Expenses $1,298,777 · Revenue $35,923

  • 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.

    Expenses $1,158,127 · Grants $50,000

  • ALL OTHER PROGRAMS

    Expenses $4,206,685 · Grants $177,500 · Revenue $1,366,309

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JAY TIMMONS

    BOARD CHAIR

    Total calculated
    $4,349,004
    From this org
    $0
    From related orgs
    $3,477,365
    Other
    $871,639
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,590,005 related
    Bonus
    $0 + $1,700,000 related
    Other
    $0 + $187,360 related
    Deferred
    $0 + $848,900 related
    Nontaxable benefits
    $0 + $22,739 related
    Filer's total
    $0 + $4,349,004 related

  • TODD BOPPELL

    DIRECTOR & ACTING TREASURER

    Total calculated
    $668,960
    From this org
    $0
    From related orgs
    $627,191
    Other
    $41,769
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $454,521 related
    Bonus
    $0 + $170,000 related
    Other
    $0 + $2,670 related
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $15,369 related
    Filer's total
    $0 + $668,960 related

  • MARY ANDRINGA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KARL HUTTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ROSE LEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHRIS NIELSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • NICOLAS PINCHUK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KATHY WENGEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CAROLYN LEE

    PRESIDENT & EXECUTIVE DIRECTOR

    Total calculated
    $551,437
    From this org
    $502,298
    From related orgs
    $0
    Other
    $49,139
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $363,968
    Bonus
    $136,500
    Other
    $1,830
    Deferred
    $26,400
    Nontaxable benefits
    $22,739
    Filer's total
    $551,437

  • JULIE CHASE

    GENERAL COUNSEL AND SECRETARY

    Total calculated
    $273,029
    From this org
    $0
    From related orgs
    $244,531
    Other
    $28,498
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,502 related
    Bonus
    $0 + $12,539 related
    Other
    $0 + $1,490 related
    Deferred
    $0 + $19,600 related
    Nontaxable benefits
    $0 + $8,898 related
    Filer's total
    $0 + $273,029 related

  • KEITH SMITH

    CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $468,607
    From this org
    $368,604
    From related orgs
    $65,048
    Other
    $34,955
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $268,346 + $47,355 related
    Bonus
    $96,178 + $16,973 related
    Other
    $4,080 + $720 related
    Deferred
    $22,440 + $3,960 related
    Nontaxable benefits
    $7,272 + $1,283 related
    Filer's total
    $398,316 + $70,291 related

  • HERBERT GRANT

    VP - PROGRAM EXECUTION

    Total calculated
    $242,361
    From this org
    $232,641
    From related orgs
    $0
    Other
    $9,720
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,409
    Bonus
    $14,897
    Other
    $2,335
    Deferred
    $9,212
    Nontaxable benefits
    $508
    Filer's total
    $242,361

  • GARDNER CARRICK

    VP - WORKFORCE SOLUTIONS

    Total calculated
    $251,263
    From this org
    $232,284
    From related orgs
    $0
    Other
    $18,979
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,303
    Bonus
    $20,671
    Other
    $1,310
    Deferred
    $18,478
    Nontaxable benefits
    $501
    Filer's total
    $251,263

  • POOJA TRIPATHI

    SENIOR DIRECTOR WORKFORCE INNOVATION

    Total calculated
    $176,744
    From this org
    $156,722
    From related orgs
    $0
    Other
    $20,022
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,533
    Bonus
    $5,069
    Other
    $1,120
    Deferred
    $11,006
    Nontaxable benefits
    $9,016
    Filer's total
    $176,744

  • JAMES DAVIS

    NATIONAL DIRECTOR - FAME USA

    Total calculated
    $187,430
    From this org
    $152,214
    From related orgs
    $0
    Other
    $35,216
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,753
    Bonus
    $9,962
    Other
    $1,499
    Deferred
    $12,717
    Nontaxable benefits
    $22,499
    Filer's total
    $187,430

  • AMY THOMAS

    NATIONAL DIRECTOR - MILITARY & VETERANS INITIATIVE

    Total calculated
    $161,783
    From this org
    $148,308
    From related orgs
    $0
    Other
    $13,475
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,132
    Bonus
    $7,561
    Other
    $1,615
    Deferred
    $11,987
    Nontaxable benefits
    $1,488
    Filer's total
    $161,783

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
ALL EMPLOYEES OF THE MANUFACTURING INSTITUTE ARE COMPENSATED BY THE NATIONAL ASSOCIATION OF MANUFACTURERS AND COSTS ARE REIMBURSED BY MI. NAM USES AN INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, AND APPROVAL BY THE BOARD TO ESTABLISH COMPENSATION FOR THE EXECUTIVE DIRECTOR OF THE MANUFACTURING INSTITUTE.
PART I, LINE 4B
SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN JAY TIMMONS, $822,500
FORM 990, SCHEDULE J, PART II:
NONE OF THE COMPENSATION OF JAY TIMMONS, TODD BOPPELL, AND JULIE CHASE IS PAID BY THE MANUFACTURING INSTITUTE. THE COMPENSATION OF ALL OTHER INDIVIDUALS LISTED IN FORM 990, PART VII, SECTION A, AS WELL AS FORM 990, SCHEDULE J, PART II IS PAID BY THE NATIONAL ASSOCIATION OF MANUFACTURERS AND OTHER THAN KEITH SMITH REIMBURSED 100% BY THE MANUFACTURING INSTITUTE. 85% OF KEITH SMITH'S COMPENSATION IS REIMBURSED BY THE MANUFACTURING INSTITUTE. FORM 990, SCHEDULE J, PART III: ALL EMPLOYEES OF THE MANUFACTURING INSTITUTE ARE COMPENSATED BY THE NATIONAL ASSOCIATION OF MANUFACTURERS AND THE MANUFACTURING INSTITUTE REIMBURSES THE NATIONAL ASSOCIATION OF MANUFACTURERS FOR THEIR SALARIES AND BENEFITS. THE NATIONAL ASSOCIATION OF MANUFACTURERS USES AN INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, AND APPROVAL BY THE BOARD TO ESTABLISH COMPENSATION FOR THE EXECUTIVE DIRECTOR OF THE MANUFACTURING INSTITUTE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
16 September 2024
IRS schema version
2023v5.1
Source object
202442609349301069

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