Manufacturers Edge
- Assets
- $1.1m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 20
- Location
- Lakewood, CO
- Founding
- 08/2006
- Data as of
- 06/2021
- EIN
- 20-2265183
Organization Overview
Manufacturers Edge is located in Lakewood, CO. The organization was established in 2006. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Manufacturers Edge employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manufacturers Edge 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 06/2021, Manufacturers Edge generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $3.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 6 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
MANUFACTURER'S EDGE IS A STATE-WIDE MANUFACTURING ASSISTANCE CENTER DEDICATED TO HELPING BOOST THE COMPETITIVENESS OF COLORADO'S MANUFACTURERS, AND TO SUPPORT COLORADO'S ECONOMIC DEVELOPMENT IN A COLLABORATIVE FORUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ON-SITE TRAINING AND WORKSHOPS - EDUCATION IN DEVELOPING STRONG AND SUCCESSFUL METHODS USED IN MANUFACTURING.
TECHNOLOGY INFORMATION TRANSFER - THROUGH COLLABORATION, RESEARCH AND TRAINING, MANFACTURER'S EDGE WILL PARTNER WITH COLORADO UNIVERSITIES AND NATIONAL LABORATORIES TO IMPROVE TECH TRANSFER.
WEB-BASED RESOURCE LINK - PROVIDE INFORMATION TO COLORADOANS DESIGNED TO HELP IDENTIFY NEW TECHNOLOGY AND METHODS AIMED AT INCREASING ECONOMIC DEVELOPMENT OPPORTUNITIES IN THE STATE OF COLORADO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Bugnitz CEO Thru 10/ | Officer | 40 | $210,000 |
Jennifer Hagan-Dier COO | 40 | $104,734 | |
Mickele Bragg Chair Ret'd | OfficerTrustee | 1 | $0 |
Shelli Brunswick Chair | OfficerTrustee | 1 | $0 |
Suzan Damron Treasurer | OfficerTrustee | 1 | $0 |
Thom Mandl Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cavendish Scott Inc Consulting | 6/29/20 | $213,078 |
Twi Training Solutions Consulting | 6/29/20 | $138,250 |
5280 Positive Impact Llc Consulting | 6/29/20 | $124,601 |
Cavendish Scott Inc Consulting | 6/29/20 | $213,078 |
Twi Training Solutions Consulting | 6/29/20 | $138,250 |
5280 Positive Impact Llc Consulting | 6/29/20 | $124,601 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,656,739 |
| 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 | $2,656,739 |
| Total Program Service Revenue | $880,036 |
| Investment income | $0 |
| 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 | $3,536,775 |
| 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. | $218,400 |
| Compensation of current officers, directors, key employees. | $66,203 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,374,059 |
| Pension plan accruals and contributions | $46,052 |
| Other employee benefits | $0 |
| Payroll taxes | $117,377 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $796,876 |
| Advertising and promotion | $57,015 |
| Office expenses | $18,019 |
| Information technology | $37,045 |
| Royalties | $0 |
| Occupancy | $11,925 |
| Travel | $10,806 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,641 |
| Interest | $15,992 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,837 |
| All other expenses | $1,572 |
| Total functional expenses | $3,383,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $900,954 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $55,204 |
| Accounts receivable, net | $163,803 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,119,961 |
| Accounts payable and accrued expenses | $248,932 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| 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 | $1,088,136 |
| Other liabilities | $0 |
| Total liabilities | $1,342,068 |
| Net assets without donor restrictions | -$222,107 |
| 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 | $1,119,961 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mountain States Employers Council Inc Denver, CO | $41,916,661 | $36,504,782 |
Vail Valley Foundation Inc Avon, CO | $22,993,237 | $18,789,291 |
Scrum Alliance Inc Westminster, CO | $46,979,666 | $21,000,085 |
Investment Management Consultants Assn Inc Greenwood Village, CO | $30,192,603 | $13,414,601 |
National Council For Prescription Drug Programs Inc Scottsdale, AZ | $21,339,680 | $12,526,720 |
International Association Of Certified Home Inspectors Boulder, CO | $7,671,295 | $15,005,233 |
International Association For The Study Of Lung Cancer Denver, CO | $23,299,078 | $13,685,313 |
Scottsdale Convention And Vistors Bureau Inc Scottsdale, AZ | $8,006,659 | $12,242,411 |
Nutech Ventures Lincoln, NE | $5,844,401 | $7,636,320 |
Financial Planning Association Denver, CO | $6,740,399 | $8,225,248 |
Supima Tempe, AZ | $14,183,773 | $7,283,999 |
The Greater Colorado Springs Chamber And Edc Colorado Springs, CO | $2,246,029 | $6,426,509 |