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← MANUFACTURERS RESOURCE CENTER

Form 990 for tax year 2023

Filed by MANUFACTURERS RESOURCE CENTER.

Totals

Total revenue
$4,138,377
Total expenses
$4,357,009
Contributions and grants received
$2,010,671
Grants paid
$0
Program service revenue
$2,046,759
Investment income
$61,901
Other revenue
$19,046
Total assets, end of year
$3,940,270
Total liabilities, end of year
$1,391,979
Net assets or fund balances, end of year
$2,548,291
Program services expenses (Part IX)
$3,582,027
Management and general expenses
$772,906
Fundraising expenses
$2,076
Program service expenses (Part III)
$3,582,027

Program services were 82.2% 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.

  • 1e · Government grants (contributions)

    $1,617,345

  • 1f · All other contributions, gifts and grants

    $393,326

  • 2a · Program service revenue: FEES FOR CONSULTING & TRAINING SVCS

    total $2,046,759 · related or exempt $2,046,759

  • 3 · Investment income

    total $48,361 · excluded $48,361

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $432,891

  • 7b · Less cost or other basis and sales expenses

    securities $419,351

  • 7c · Gain or loss

    securities $13,540

  • 7d · Net gain or loss

    total $13,540 · excluded $13,540

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: COMMISSIONS

    total $6,300 · related or exempt $6,300

  • 11b · Other revenue: OTHER REVENUE

    total $12,746 · related or exempt $12,746

  • 11e · Other revenue, total

    $19,046

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $407,893 · program services $325,368 · management and general $82,525

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,396,182 · program services $1,198,395 · management and general $196,439 · fundraising $1,348

  • 8 · Pension plan contributions

    total $135,607 · program services $105,512 · management and general $29,900 · fundraising $195

  • 9 · Other employee benefits

    total $240,586 · program services $187,193 · management and general $53,046 · fundraising $347

  • 10 · Payroll taxes

    total $129,363 · program services $100,654 · management and general $28,523 · fundraising $186

  • 11a · Fees: management

    total $91,436 · management and general $91,436

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $35,760 · program services $35,760

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $22,819 · management and general $22,819

  • 11g · Fees: other

    total $1,344,137 · program services $1,334,537 · management and general $9,600

  • 12 · Advertising and promotion

    total $3,200 · program services $2,630 · management and general $570

  • 13 · Office expenses

    total $58,968 · program services $47,744 · management and general $11,224

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $24,633 · program services $15,379 · management and general $9,254

  • 16 · Occupancy

    total $120,457 · program services $27,658 · management and general $92,799

  • 17 · Travel

    total $25,237 · program services $23,418 · management and general $1,819

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $52,495 · program services $47,731 · management and general $4,764

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $17,753 · management and general $17,753

  • 22 · Depreciation, depletion and amortization

    total $33,060 · program services $24,816 · management and general $8,244

  • 23 · Insurance

    total $29,378 · program services $18,208 · management and general $11,170

  • 24a · Other expenses: PRINTING/MARKETING

    total $73,508 · program services $41,397 · management and general $32,111

  • 24b · Other expenses: COMMUNICATION

    total $14,713 · program services $10,078 · management and general $4,635

  • 24c · Other expenses: BUILDING MAINT

    total $21,528 · management and general $21,528

  • 24d · Other expenses: COPIER LEASE

    total $10,742 · management and general $10,742

  • 24e · All other expenses

    total $67,554 · program services $35,549 · management and general $32,005

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $30,450 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $274,670 · end of year $262,057

  • 4 · Accounts receivable

    beginning of year $480,606 · end of year $537,709

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,115 · end of year $37,309

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

    $359,421

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

    $172,166

  • 10c · Land, buildings and equipment, net

    beginning of year $167,273 · end of year $187,255

  • 11 · Investments: publicly traded securities

    beginning of year $2,248,172 · end of year $2,657,476

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $368,250 · end of year $249,518

  • 15 · Other assets

    beginning of year $8,946 · end of year $8,946

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,268,551 · end of year $1,251,054

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $66,000 · end of year $140,925

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,268,931 · end of year $2,548,291

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

MANUFACTURERS RESOURCE CENTER (THE CENTER) IS A PUBLIC/PRIVATE ECONOMIC DEVELOPMENT ORGANIZATION OPERATING AN INDUSTRIAL RESOURCE CENTER UNDER THE PENNSYLVANIA MANUFACTURING INDUSTRIAL RESOURCE CENTER PROGRAM. THE CENTER PROVIDES CONSULTING, TRAINING AND TECHNOLOGY RESOURCES, PRIMARILY TO SMALL AND MEDIUM SIZED MANUFACTURERS, TO ENHANCE THEIR ABILITY TO SUCCESSFULLY COMPETE IN THE GLOBAL MARKETPLACE. IN ADDITION, THE CENTER WORKS WITH ITS OTHER ECONOMIC DEVELOPMENT PARTNERS TO ENCOURAGE REGIONAL COORDINATION OF ECONOMIC DEVELOPMENT EFFORTS AND A COMPREHENSIVE, EFFICIENT, ECONOMIC DEVELOPMENT DELIVERY STRATEGY.

Activities or mission (Part I)

SEE ATTACHMENT 1

  • MRC CONDUCTS TECHNICAL AND MANAGERIAL CONSULTING AND TRAINING ENGAGEMENTS USING INTERNAL STAFF AND PRIVATE CONSULTANTS. CLIENTS ARE SURVEYED 1 TO 3 YEARS LATER BY AN INDEPENDENT ORGANIZATION TO DETERMINE THE ECONOMIC BENEFITS DERIVED. DURING THE PERIOD JULY 1, 2023 THROUGH JUNE 30, 2024, THE CENTER ENGAGED IN 59 SUBSTANTIVE PROJECTS WITH 38 COMPANIES AND CONDUCTED 61 WORKSHOPS OR EVENTS WITH 1,173 PARTICIPANTS. DURING THE SAME PERIOD, 93 COMPANIES REPORTED $58 MILLION (UNAUDITED) TOTAL ECONOMIC IMPACT, AS A RESULT OF THE CENTER'S ASSISTANCE.

    Expenses $3,582,027 · Revenue $2,065,805

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

Listed in Part VII

  • Michael J Todd

    BOARD MEMBER

    Total calculated
    $489,276
    From this org
    $0
    From related orgs
    $440,480
    Other
    $48,796
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $438,968 related
    Bonus
    $0
    Other
    $0 + $1,512 related
    Deferred
    $0 + $23,335 related
    Nontaxable benefits
    $0 + $25,461 related
    Filer's total
    $0 + $489,276 related

  • John Coulter

    BOARD MEMBER

    Total calculated
    $379,502
    From this org
    $0
    From related orgs
    $342,325
    Other
    $37,177
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $324,322 related
    Bonus
    $0
    Other
    $0 + $18,003 related
    Deferred
    $0 + $35,874 related
    Nontaxable benefits
    $0 + $1,303 related
    Filer's total
    $0 + $379,502 related

  • Richard Hobbs

    PRESIDENT & CEO

    Total calculated
    $274,924
    From this org
    $239,310
    From related orgs
    $0
    Other
    $35,614
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,003
    Bonus
    $0
    Other
    $1,307
    Deferred
    $19,806
    Nontaxable benefits
    $15,808
    Filer's total
    $274,924

  • Jeff Long

    CHIEF FINANCIAL OFFICER

    Total calculated
    $186,814
    From this org
    $154,972
    From related orgs
    $0
    Other
    $31,842
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,612
    Bonus
    $0
    Other
    $5,360
    Deferred
    $9,913
    Nontaxable benefits
    $21,929
    Filer's total
    $186,814

  • Diane Lewis

    VP MFG SOLUTIONS & CTR OPS

    Total calculated
    $176,764
    From this org
    $143,378
    From related orgs
    $0
    Other
    $33,386
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,571
    Bonus
    $0
    Other
    $4,807
    Deferred
    $14,961
    Nontaxable benefits
    $18,425
    Filer's total
    $176,764

  • Eugene Kaschak

    VP CONT IMPROV&LDSHP DEV STRTG

    Total calculated
    $168,393
    From this org
    $153,158
    From related orgs
    $0
    Other
    $15,235
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,089
    Bonus
    $0
    Other
    $6,069
    Deferred
    $14,383
    Nontaxable benefits
    $852
    Filer's total
    $168,393

  • Karen Buck

    DIRECTOR, WORKFORCE INITIATIVE

    Total calculated
    $164,721
    From this org
    $131,988
    From related orgs
    $0
    Other
    $32,733
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $101,713
    Bonus
    $0
    Other
    $30,275
    Deferred
    $11,018
    Nontaxable benefits
    $21,715
    Filer's total
    $164,721

  • Walter Hoffert

    REG DIRECTOR, MFG SOLUTIONS

    Total calculated
    $156,534
    From this org
    $135,453
    From related orgs
    $0
    Other
    $21,081
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,648
    Bonus
    $0
    Other
    $1,805
    Deferred
    $10,261
    Nontaxable benefits
    $10,820
    Filer's total
    $156,534

  • Bonnie Spayd

    REGIONAL DIR. MFG. SOLUTIONS

    Total calculated
    $127,867
    From this org
    $114,159
    From related orgs
    $0
    Other
    $13,708
    Hours/week
    40

  • Stephen Weise

    BOARD MEMBER & CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Satish Mohapatra

    BOARD V. CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ettore Coringrato

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ann Bieber

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ron Bracalente

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richard Bus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joseph Hammond

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Shelly McWilliams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jack Pfunder

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Quarmley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Werner Reinartz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Vykie Whipple

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bill Wydra Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Byron L Zerphy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Perate

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rick Seibert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeff Snyder

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Justin Spannuth

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steve Gergar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 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)

FORM 990, SCHEDULE J, PART I, LINE 3
THE EXECUTIVE COMMITTEE OF THE BOARD ACTS AS MRC'S COMPENSATION COMMITTEE. THEY ANNUALLY REVIEW AND APPROVE THE OVERALL MERIT POOL, ANY ONE-TIME SALARY ADJUSTMENTS AND CHANGES TO THE STRUCTURE OF THE PERFORMANCE INCENTIVE PLAN. THE EXECUTIVE COMMITTEE ANNUALLY DETERMINES THE TOTAL COMPENSATION, INCLUDING BENEFITS AND OTHER FORMS OF COMPENSATION, FOR ALL OFFICERS AND KEY EMPLOYEES AND CONDUCTS AN ANNUAL PERFORMANCE REVIEW FOR THE PRESIDENT/CEO. COMPENSATION FOR OFFICERS AND KEY EMPLOYEES WILL BE REVIEWED BASED UPON COMPARABLE DATA AND MUST BE APPROVED IN ADVANCE BY THE EXECUTIVE COMMITTEE. THE DELIBERATIONS AND DECISIONS ON COMPENSATION WILL BE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES. THE INDIVIDUALS COVERED BY THIS POLICY ARE THE PRESIDENT/CEO AND THE FINANCIAL OFFICER. THE PROCESS WAS LAST COMPLETED IN SEPTEMBER 2024.
FORM 990, SCHEDULE J, PART I, LINE 5
MRC MAINTAINS A PERFORMANCE INCENTIVE PLAN AS PART OF ITS EMPLOYEE COMPENSATION PACKAGE. THE PLAN INCLUDES A THRESHOLD AND 4 GOALS. A PAYOUT IS CONTINGENT UPON SUFFICIENT NET REVENUE FOR AN OPERATIONAL BREAKEVEN INCLUDING THE EARNED PAYOUT. IN 2023-2024 A PAYOUT WAS MADE WITH BOARD OF DIRECTORS' APPROVAL. THIS PAYOUT WAS MADE BASED ON MRC PERFORMANCE FOR THE FISCAL YEAR.

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

No itemized grants to organizations 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
14 May 2025
IRS schema version
2023v6.0
Source object
202501349349313095

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