Regional Manufacturing Institute Inc
- Assets
- $96.4k
- Revenue
- $463.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Sparks, MD
- Founding
- 08/1996
- Data as of
- 12/2022
- EIN
- 52-1925838
Organization Overview
Regional Manufacturing Institute Inc is located in Sparks, MD. The organization was established in 1996. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 12/2022, Regional Manufacturing Institute Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regional Manufacturing Institute Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Regional Manufacturing Institute Inc generated $463.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $582.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.5%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD A STRONG AND COMPETITIVE MANUFACTURING SECTOR IN CENTRAL MARYLAND AND TO PROMOTE ENERGY SAVINGS THROUGH EDUCATION AND INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARYLAND ENERGY ADMINISTRATION ENERGY PROGRAM
RMI MANUFACTURING IMAGE CAMPAIGN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Galiazzo President | Officer | 40 | $191,002 |
Ken Sanchez Treasurer | OfficerTrustee | 1 | $0 |
Susan Ganz Vice Chairperson | OfficerTrustee | 1 | $0 |
Aris Melissaratos Chairperson | OfficerTrustee | 1 | $0 |
Peter R Gourlay Vice President | Officer | 40 | $0 |
Luke Chow Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eneractive Solutions Llc Engineering | 12/30/15 | $161,164 |
Keyser Engineering Engineering | 12/30/15 | $155,815 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $33,515 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $250,900 |
| 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 | $284,415 |
| Total Program Service Revenue | $170,910 |
| 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 | $463,634 |
| 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. | $191,002 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $149,333 |
| Pension plan accruals and contributions | $47,751 |
| Other employee benefits | $0 |
| Payroll taxes | $22,505 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,233 |
| Advertising and promotion | $0 |
| Office expenses | $10,388 |
| Information technology | $23,021 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,229 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $979 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,821 |
| All other expenses | $0 |
| Total functional expenses | $582,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,414 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $96,414 |
| Accounts payable and accrued expenses | $13,167 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $13,167 |
| Net assets without donor restrictions | $83,247 |
| 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 | $96,414 |
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