Massachusetts Manufacturing Extension Partnership Inc
- Assets
- $5.5m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 52
- Location
- Auburn, MA
- Founding
- 08/2000
- Data as of
- 06/2022
- EIN
- 04-3459696
Organization Overview
Massachusetts Manufacturing Extension Partnership Inc is located in Auburn, MA. The organization was established in 2000. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Massachusetts Manufacturing Extension Partnership Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Manufacturing Extension Partnership 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 06/2022, Massachusetts Manufacturing Extension Partnership Inc generated $10.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $10.9m during the year ending 06/2022. While expenses have increased by 0.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MASSACHUSETTS MEP LINKS PUBLIC AND PRIVATE SECTOR SERVICE PROVIDERS AND COMPLIMENTS FEDERAL, STATE AND LOCAL PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
AN EDUCATIONAL EXTENSION PROGRAM TO ASSIST SMALL MANUFACTURERS, LOCATED IN MASSACHUSETTS, IN APPLYING PRODUCTION AND PROCESS TECHNOLOGIES AND BUSINESS MANAGEMENT PRACTICES TO THEIR OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Killam President (former) | 40 | $419,000 | |
Susan Joy Dynan Director Of Human Resources | 40 | $232,400 | |
Kimberley Ingalls Center Director | Officer | 40 | $193,250 |
Kristy E Grignon Sales & Marketing Director | 40 | $183,875 | |
Jesse Burque VP Of Finance | Officer | 40 | $133,277 |
Sean Killam Director Of Public Affairs | 40 | $124,696 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Exolytic Inc Consultant | 6/29/22 | $265,705 |
Tribalvision Llc Consultant | 6/29/22 | $200,500 |
Safety Trainers Consultant | 6/29/22 | $208,950 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,363,604 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,363,604 |
| Total Program Service Revenue | $2,431,849 |
| Investment income | $1,239 |
| 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 | $10,807,956 |
| 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. | $463,042 |
| Compensation of current officers, directors, key employees. | $83,348 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,575,619 |
| Pension plan accruals and contributions | $332,505 |
| Other employee benefits | $730,075 |
| Payroll taxes | $308,957 |
| Fees for services: Management | $105,322 |
| Fees for services: Legal | $52,795 |
| Fees for services: Accounting | $30,500 |
| Fees for services: Lobbying | $120,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $123,861 |
| Office expenses | $73,747 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $197,550 |
| Travel | $130,861 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,282 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,835 |
| Insurance | $37,714 |
| All other expenses | $134,477 |
| Total functional expenses | $10,855,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,663,617 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,604,080 |
| 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 | $104,926 |
| Net Land, buildings, and equipment | $67,327 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,450 |
| Total assets | $5,456,400 |
| Accounts payable and accrued expenses | $2,489,532 |
| Grants payable | $0 |
| Deferred revenue | $1,200,000 |
| 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 | $3,689,532 |
| Net assets without donor restrictions | $1,766,868 |
| Net assets with donor restrictions | $0 |
| 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 | $5,456,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
43north Bpc Inc Buffalo, NY | $13,425,800 | $3,001,464 |
Grameen America Inc Jackson Heights, NY | $237,127,552 | $50,248,348 |
Provport Inc Providence, RI | $45,314,013 | $11,716,204 |
Homestart Inc Boston, MA | $5,713,584 | $14,864,192 |
The Community Action Agency Of Western Connecticut Inc Danbury, CT | $3,614,776 | $12,103,732 |
Massachusetts Manufacturing Extension Partnership Inc Auburn, MA | $5,456,400 | $10,807,956 |
Greater Jamaica Development Corp Jamaica, NY | $43,416,674 | $8,397,998 |
South Bronx Overall Economic Development Corporation Bronx, NY | $11,273,834 | $9,485,057 |
Dorchester Bay Economic Development Corporation Dorchester, MA | $50,118,730 | $16,286,134 |
National Basketball Association Foundation New York, NY | $26,984,536 | $31,000,000 |
Rdc Commercial Center Inc Brooklyn, NY | $15,313,985 | $4,091,889 |
Grow America Fund Inc Brooklyn, NY | $143,748,091 | $12,181,976 |