California Manufacturing Technology Consulting
- Assets
- $11.0m
- Revenue
- $31.6m
- Investments
- $0.0
- Employees
- 87
- Location
- Torrance, CA
- Founding
- 01/1996
- Data as of
- 09/2021
- EIN
- 95-4491123
Organization Overview
California Manufacturing Technology Consulting is located in Torrance, CA. The organization was established in 1996. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, California Manufacturing Technology Consulting employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Manufacturing Technology Consulting 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 09/2021, California Manufacturing Technology Consulting generated $31.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $30.9m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CMTC IS A NON PROFIT CONSULTING COMPANY WHOSE MISSION IS TO CREATE SOLUTIONS FOR THE IMPROVEMENT OF OUR CUSTOMERS' PERFORMANCE BY FOSTERING INNOVATION AND SHARING KNOWLEDGE.
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Watson President/ceo | OfficerTrustee | 40 | $402,565 |
Douglas R Garnee Hr Director | 40 | $229,801 | |
Patrick Billiter CFO | Officer | 40 | $221,152 |
Cheryl C Slobodian Dir Strategic Partnership | 40 | $211,087 | |
Gregg Profozich Director Of Amt | 40 | $209,342 | |
Rosamond Samia Director Of Field Operations | 40 | $199,817 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rsm Us Llp Associate Contractor | 9/29/21 | $1,066,701 |
Flex Llc Partner Contractor | 9/29/21 | $116,377 |
Gary Steinberg Partner Contractor | 9/29/21 | $100,200 |
Lawrence G Kirsch Management Consu Partner Contractor | 9/29/21 | $156,010 |
Guide Technologies Llc Associate Contractor | 9/29/21 | $222,941 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,299,420 |
| 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 | $23,299,420 |
| Total Program Service Revenue | $8,310,008 |
| Investment income | $1,728 |
| 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 | $31,611,156 |
| 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. | $649,967 |
| Compensation of current officers, directors, key employees. | $385,367 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,394,510 |
| Pension plan accruals and contributions | $434,805 |
| Other employee benefits | $1,405,040 |
| Payroll taxes | $779,829 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $379,863 |
| Fees for services: Accounting | $73,475 |
| Fees for services: Lobbying | $57,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $718,609 |
| Advertising and promotion | $818,709 |
| Office expenses | $440,995 |
| Information technology | $510,836 |
| Royalties | $0 |
| Occupancy | $335,971 |
| Travel | $30,470 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $150,408 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $86,437 |
| All other expenses | $0 |
| Total functional expenses | $30,931,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,277,420 |
| Pledges and grants receivable | $2,071,144 |
| Accounts receivable, net | $2,203,305 |
| 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 | $496,494 |
| 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 | $11,048,363 |
| Accounts payable and accrued expenses | $5,581,289 |
| Grants payable | $0 |
| Deferred revenue | $297,184 |
| 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 | $5,878,473 |
| Net assets without donor restrictions | $976,129 |
| Net assets with donor restrictions | $4,193,761 |
| 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 | $11,048,363 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that California Manufacturing Technology Consulting has recieved totaling $56,714.
| Awarding Organization | Amount |
|---|---|
Pa Irc Network Foundation Williamsport, PA PURPOSE: ADVANCED ROBOTICS IN MANUFACTURING | $28,357 |
Pa Irc Network Foundation Williamsport, PA PURPOSE: ADVANCED ROBOTICS IN MANUFACTURING | $28,357 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Manufacturing Technology Consulting Torrance, CA | $11,048,363 | $31,611,156 |
Raza Development Fund Inc Phoenix, AZ | $287,338,176 | $23,229,153 |
Craft3 Astoria, OR | $178,565,925 | $26,936,516 |
Business Finance Capital Los Angeles, CA | $7,749,774 | $11,735,552 |
Los Angeles Cleantech Incubator Los Angeles, CA | $4,675,991 | $8,340,208 |
Economic Development Corporation Of Los Angeles Los Angeles, CA | $29,436,314 | $9,374,870 |
Main Street Launch Oakland, CA | $33,776,792 | $12,838,427 |
Inquiring Systems Inc Santa Rosa, CA | $7,524,299 | $8,764,937 |
Oregon Manufacturing Extension Partnership Inc Portland, OR | $2,663,862 | $6,607,892 |
Mce Social Capital San Francisco, CA | $62,791,597 | $6,149,930 |
Renaissance Entrepreneurship Center San Francisco, CA | $5,879,123 | $7,123,665 |
Pacific Community Ventures Oakland, CA | $20,029,825 | $8,516,576 |