Skip to content
Nonprofiteer
← MANUFACTURING INSTITUTE

Form 990 for tax year 2024

Filed by MANUFACTURING INSTITUTE.

Totals

Total revenue
$8,840,593
Total expenses
$7,639,458
Contributions and grants received
$6,394,721
Grants paid
$150,000
Program service revenue
$2,183,064
Investment income
$243,168
Other revenue
$19,640
Total assets, end of year
$10,320,722
Total liabilities, end of year
$2,128,027
Net assets or fund balances, end of year
$8,192,695
Program services expenses (Part IX)
$6,221,568
Management and general expenses
$774,150
Fundraising expenses
$643,740
Program service expenses (Part III)
$6,221,568

Program services were 81.4% 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

    $282,000

  • 1f · All other contributions, gifts and grants

    $6,112,721

  • 2a · Program service revenue: MEETINGS

    total $2,092,029 · related or exempt $2,092,029

  • 2b · Program service revenue: FEES & LICENSES

    total $91,035 · related or exempt $91,035

  • 3 · Investment income

    total $243,168 · excluded $243,168

  • 11a · Other revenue: OTHER INCOME

    total $19,640 · excluded $19,640

  • 11e · Other revenue, total

    $19,640

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $150,000 · program services $150,000

  • 5 · Compensation of officers, directors and key employees

    total $1,323,957 · program services $368,923 · management and general $691,794 · fundraising $263,240

  • 7 · Other salaries and wages

    total $2,357,798 · program services $1,856,373 · management and general $205,510 · fundraising $295,915

  • 9 · Other employee benefits

    total $601,887 · program services $437,718 · management and general $79,584 · fundraising $84,585

  • 11b · Fees: legal

    total $10,707 · management and general $10,707

  • 11c · Fees: accounting

    total $30,553 · management and general $30,553

  • 11g · Fees: other

    total $1,266,294 · program services $1,242,290 · management and general $24,004

  • 12 · Advertising and promotion

    total $68,019 · program services $68,019

  • 13 · Office expenses

    total $112,117 · program services $94,032 · management and general $18,085

  • 16 · Occupancy

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

  • 17 · Travel

    total $294,301 · program services $245,201 · management and general $49,100

  • 19 · Conferences, conventions and meetings

    total $1,195,298 · program services $1,195,092 · management and general $206

  • 24a · Other expenses: MISCELLANEOUS

    total $48,426 · program services $44,476 · management and general $3,950

  • 24b · Other expenses: SUBSCRIPTIONS

    total $42,505 · program services $23,130 · management and general $19,375

  • 24c · Other expenses: EQUIPMENT

    total $15,966 · program services $726 · management and general $15,240

  • 24d · Other expenses: MEMBER DUES

    total $1,630 · program services $1,630

  • 24e · All other expenses

    program services $473,958 · management and general -$473,958

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $376,397 · end of year $1,318,889

  • 2 · Savings and temporary cash investments

    beginning of year $5,825,700 · end of year $6,773,559

  • 3 · Pledges and grants receivable

    beginning of year $2,261,671 · end of year $2,175,374

  • 4 · Accounts receivable

    beginning of year $41,733 · end of year $15,981

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $36,919

  • 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 $950,891 · end of year $2,030,012

  • 18 · Grants payable

    beginning of year $548,050 · end of year $48,015

  • 19 · Deferred revenue

    beginning of year $15,000 · end of year $50,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,881,830 · end of year $1,924,043

  • 28 · Net assets with donor restrictions

    beginning of year $5,109,730 · end of year $6,268,652

Mission and programs · 2024

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 $1,822,810 · Revenue $330,862

  • WOMEN MAKE AMERICA: THE WOMEN MAKE AMERICA INITIATIVE STRENGTHENS THE MODERN MANUFACTURING WORKFORCE BY SUPPORTING THE WORKERS LEADING THE INDUSTRY AT EVERY LEVELFROM THE SHOP FLOOR TO THE C-SUITE. BY ENSURING EMPLOYEES HAVE THE RESOURCES, RECOGNITION, AND OPPORTUNITIES NEEDED TO THRIVE IN THEIR CAREERS, WMA NOT ONLY SUPPORTS TODAY'S LEADERS BUT ALSO INSPIRES AND EQUIPS THE NEXT GENERATION TO PURSUE CAREERS IN MANUFACTURING.

    Expenses $1,458,463 · Revenue $1,079,814

  • 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 $1,208,723 · Revenue $144,004

  • ALL OTHER PROGRAMS

    Expenses $1,731,572 · Grants $150,000 · Revenue $628,384

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jay Timmons

    CHAIRMAN

    Total calculated
    $6,143,283
    From this org
    $0
    From related orgs
    $5,167,991
    Other
    $975,292
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,646,279 related
    Bonus
    $0 + $1,600,000 related
    Other
    $0 + $1,921,712 related
    Deferred
    $0 + $950,600 related
    Nontaxable benefits
    $0 + $24,692 related
    Filer's total
    $0 + $6,143,283 related

  • Todd Boppell

    TREASURER

    Total calculated
    $666,129
    From this org
    $0
    From related orgs
    $621,851
    Other
    $44,278
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $456,851 related
    Bonus
    $0 + $165,000 related
    Other
    $0
    Deferred
    $0 + $27,600 related
    Nontaxable benefits
    $0 + $16,678 related
    Filer's total
    $0 + $666,129 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 DIRE

    Total calculated
    $579,823
    From this org
    $527,516
    From related orgs
    $0
    Other
    $52,307
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $383,766
    Bonus
    $143,750
    Other
    $0
    Deferred
    $27,600
    Nontaxable benefits
    $24,707
    Filer's total
    $579,823

  • Julie Chase

    GENERAL COUNSEL AND SECRET

    Total calculated
    $280,955
    From this org
    $0
    From related orgs
    $251,177
    Other
    $29,778
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $241,177 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0 + $20,138 related
    Nontaxable benefits
    $0 + $9,640 related
    Filer's total
    $0 + $280,955 related

  • Keith Smith

    CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $530,399
    From this org
    $406,626
    From related orgs
    $71,758
    Other
    $52,015
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $285,065 + $50,306 related
    Bonus
    $110,681 + $19,532 related
    Other
    $10,880 + $1,920 related
    Deferred
    $23,460 + $4,140 related
    Nontaxable benefits
    $20,753 + $3,662 related
    Filer's total
    $450,839 + $79,560 related

  • Gardner Carrick

    CHIEF PROGRAM OFFICER

    Total calculated
    $284,631
    From this org
    $263,134
    From related orgs
    $0
    Other
    $21,497
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,384
    Bonus
    $23,750
    Other
    $0
    Deferred
    $20,996
    Nontaxable benefits
    $501
    Filer's total
    $284,631

  • Rachael Scheffler

    AVP PARTNERSHIPS & PHILANTHROPY

    Total calculated
    $203,792
    From this org
    $165,474
    From related orgs
    $0
    Other
    $38,318
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,974
    Bonus
    $4,500
    Other
    $0
    Deferred
    $13,824
    Nontaxable benefits
    $24,494
    Filer's total
    $203,792

  • James Davis

    DIRECTOR, FAME

    Total calculated
    $200,084
    From this org
    $162,060
    From related orgs
    $0
    Other
    $38,024
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,060
    Bonus
    $10,000
    Other
    $0
    Deferred
    $13,554
    Nontaxable benefits
    $24,470
    Filer's total
    $200,084

  • Amy Thomas

    DIR., MILITARY & VETERANS INITIATIVES

    Total calculated
    $175,079
    From this org
    $160,527
    From related orgs
    $0
    Other
    $14,552
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,527
    Bonus
    $10,000
    Other
    $0
    Deferred
    $12,972
    Nontaxable benefits
    $1,580
    Filer's total
    $175,079

  • Pooja Tripathi

    DIR., WORKFORCE INNOVATION

    Total calculated
    $180,056
    From this org
    $157,682
    From related orgs
    $0
    Other
    $22,374
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,182
    Bonus
    $7,500
    Other
    $0
    Deferred
    $12,680
    Nontaxable benefits
    $9,694
    Filer's total
    $180,056

  • Rachelle Wolford

    DIRECTOR, HEROES

    Total calculated
    $135,537
    From this org
    $121,274
    From related orgs
    $0
    Other
    $14,263
    Hours/week
    40

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, $923,000
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.

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
2024
Filed
31 October 2025
IRS schema version
2024v5.2
Source object
202513029349302166

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.