Sacramento Valley Manufacturing Alliance
- Assets
- $135.7k
- Revenue
- $238.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Sacramento, CA
- Founding
- Data as of
- 12/2023
- EIN
- 86-1596027
Organization Overview
Sacramento Valley Manufacturing Alliance is located in Sacramento, CA. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sacramento Valley Manufacturing Alliance 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 12/2023, Sacramento Valley Manufacturing Alliance generated $238.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.0% each year . All expenses for the organization totaled $173.1k during the year ending 12/2023. While expenses have increased by 24.8% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD A ROBUST MANUFACTURING SECTOR IN THE SACRAMENTO REGION BY ALIGNING WITH AND ASSISTING EDUCATION AND TRAINING PROVIDERS TO DEVELOP A HIGHLY SKILLED WORKFORCE TO ADDRESS THE NEEDS OF A 21ST CENTURY MANUFACTURING WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SACRAMENTO VALLEY MANUFACTURING ALLIANCE (SVMA) WAS FORMED BY THE REGION'S MANUFACTURERS TO ADDRESS THE NEED FOR A QUALIFIED AND WELL-TRAINED WORKFORCE.SVMAS EFFORTS TO EXPAND THE TALENT PIPELINE OF PEOPLE ENTERING THE MANUFACTURING WORKFORCE ARE FOCUSED ON FOUR PRIMARY AREAS: COLLABORATION WITH OUR REGIONAL HIGH SCHOOL AND COMMUNITY COLLEGE ADVANCED MANUFACTURING PROGRAMS TO INCREASE THE NUMBER OF YOUNG PEOPLE PURSUING MANUFACTURING AS A CAREER PATHWAY. DEVELOPMENT OF WORKFORCE PROGRAMS TO UP-SKILL THE INCUMBENT WORKFORCE INCLUDING THE DEVELOPMENT OF APPRENTICESHIP PROGRAMS. SUPPORT FOR ADULT EDUCATION PROGRAMS WHICH TRAIN PEOPLE FOR CAREERS IN MANUFACTURING. PROFESSIONAL DEVELOPMENT PROGRAMS FOR ALL MANUFACTURERS IN THE REGION.2023 EDUCATION HIGHLIGHTS INCLUDED: SVMA MEMBERS HOSTED TOURS FOR 12 HIGH-SCHOOL CLASSES. SVMA MEMBERS PARTICIPATED IN 11 HIGH SCHOOL AND COMMUNITY COLLEGE CAREER TECHNICAL EDUCATION ADVISORY MEETINGS. SVMA MEMBERS PARTICIPATED IN 6 JOB FAIRS. SVMA MEMBERS PARTICIPATED IN 7 COLLEGE & CAREER FAIRS. SVMA MEMBERS HOSTED 30 SUMMER INTERNS (2023).2023 WORKFORCE DEVELOPMENT HIGHLIGHTS INCLUDED: SVMA LAUNCHED THE SVMA CNC MACHINIST APPRENTICESHIP PROGRAM WITH 5 EMPLOYERS AND 6 APPRENTICES ENROLLED. SVMA COLLABORATED WITH FOLSOM LAKE COLLEGE AND RECEIVED FUNDING TO DEVELOP A QUALITY CONTROL TECHNICIAN APPRENTICESHIP PROGRAM. APPRENTICESHIP STANDARDS WERE SUBMITTED IN APRIL 2024, ANTICIPATING APPROVAL BY JULY 2024 AND FORMALLY LAUNCHING PROGRAM IN Q4 2024.MEMBERSHIP AND PROFESSIONAL DEVELOPMENT: SVMA HOSTED PROFESSIONAL WEBINARS FOR MEMBERS ABOUT TAX INCENTIVES, BANKING, QUALITY CONTROL, LEAN MANUFACTURING AND HOSTING HIGH SCHOOL INTERNSHIPS. SVMA/CHARLES A. JONES REGIONAL MANUFACTURING TRAINING CENTER: SVMA AND THE CHARLES A JONES REGIONAL MANUFACTURING TRAINING CENTER (RMTC) FOR ADULTS RECEIVED 2 GRANTS FROM THE CITIES OF ELK GROVE AND RANCHO CORDOVA TO TRAIN RESIDENTS FOR MANUFACTURING CAREERS. THE GRANTS ALLOWED THE RMTC TO LAUNCH THE 8-MONTH MANUFACTURING TECHNICIAN PROGRAM. TWO STUDENTS GRADUATED FROM THE MANUFACTURING TECHNICIAN PROGRAM IN JUNE 2023 AND 9 STUDENTS ARE CURRENTLY ENROLLED. THESE STUDENTS GRADUATED IN NOVEMBER 2023 & JANUARY 2024. SEVEN STUDENTS HAVE FOUND EMPLOYMENT WITH AREA MANUFACTURERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Peckham Executive Dir. | Officer | 40 | $93,600 |
Kevin Mcgrew President | OfficerTrustee | 3 | $0 |
Joe Wernette Secretary | OfficerTrustee | 3 | $0 |
Michelle Stofan Director | Trustee | 2 | $0 |
Cal Reynolds Director | Trustee | 2 | $0 |
Roland Guillen Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $27,925 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $210,311 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $238,236 |
| Total Program Service Revenue | $0 |
| 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 | $238,236 |
| 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. | $93,600 |
| Compensation of current officers, directors, key employees. | $4,000 |
| Compensation to disqualified persons | $7,269 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,439 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,600 |
| Advertising and promotion | $10,608 |
| Office expenses | $8,875 |
| Information technology | $4,737 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $266 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,771 |
| All other expenses | $0 |
| Total functional expenses | $173,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,437 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $114,553 |
| Accounts receivable, net | $718 |
| 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 | $6,942 |
| 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 | $135,650 |
| Accounts payable and accrued expenses | $20,099 |
| 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 | $20,099 |
| Net assets without donor restrictions | $115,551 |
| 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 | $135,650 |