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Industrial Arts Institute Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 463997543 ✦ Onaway, MI ✦ Designated as a 501(c)(3)

Overview

What is Industrial Arts Institute Inc?

Industrial Arts Institute Inc, located in Onaway, Michigan, is a recognized nonprofit organization with a mission to inspire and develop a skilled workforce. By integrating innovative education with traditional training methods, they connect talented individuals with various industries in the professional trades sector. The institute is renowned for its contribution to building a proficient workforce, setting a new educational standard to empower future generations for wealth creation industries. With approximately 75 students trained in welding trades, Industrial Arts Institute Inc has 97 active student loans and 29 that have been repaid. The organization, with a team of 7 employees, continues its mission to develop individuals' assets and contribute to the professional trades workforce.


Official website here: www.iaiworks.com

Is Industrial Arts Institute Inc legitimate?

Industrial Arts Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Industrial Arts Institute Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $74,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $175,855

For more financial information, click here


Official website here: www.iaiworks.com

What is the mission statement of Industrial Arts Institute Inc?

The Industrial Arts Institute Inc's mission is centered around fostering a skilled workforce by blending innovative education with traditional training. This institution is renowned nationally for its role in shaping the professional trades workforce. By setting a new educational standard, it aims to empower the next generation, enabling them to contribute to wealth creation industries. The Institute's mission involves cultivating individual assets through time-honored training, with a focus on connecting talented individuals with suitable industries.


Official website here: www.iaiworks.com

Who is the CEO of Industrial Arts Institute Inc?

Thomas Moran is the President of Industrial Arts Institute Inc.


Official website here: www.iaiworks.com

What is the revenue of Industrial Arts Institute Inc?

Industrial Arts Institute Inc's revenue in 2023 was $802,824.


Official website here: www.iaiworks.com

Who are the executives of Industrial Arts Institute Inc and what are their salaries?

The average compensation at Industrial Arts Institute Inc during 2023 was $35,722. There are 7 employees and 6 volunteers at Industrial Arts Institute Inc.

Here are 7 key members and their salaries:

    Tamara Ward (Executive Director)
  • Compensation: $64,409
  • Related: $0
  • Other: $2,800

    • Thomas Moran (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Reinhardt E Jahn (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hannah Sanderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Rummer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jackie Krawczak (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Randi Noris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.iaiworks.com

    Where can I find the form 990 for Industrial Arts Institute Inc?

    The Industrial Arts Institute Inc’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.iaiworks.com

    Learn more at the official website: www.iaiworks.com

    Mission Statement of Industrial Arts Institute Inc

    Industrial Arts Institute Inc, a nationally recognized organization, is committed to developing and inspiring a skilled workforce for wealth creation industries. Their mission is centered around empowering the next generation by combining innovative education with time-honored training. Through this approach, they aim to connect talented individuals with professional trade industries, thereby contributing significantly to the building of the professional trades workforce. The Institute is recognized for setting a new educational model standard, which has resulted in the development of approximately 75 students in welding trades, connecting their talents with the industry.

    Impact

    This information is meant to be a general summary of Industrial Arts Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Industrial Arts Institute Inc's impact lies in its development and inspiration of a skilled workforce through innovative education and traditional training. By training approximately 75 students in welding trades and connecting them with relevant industries, the institute has played a crucial role in bridging the gap between talent and professional trades. With 97 active student loans and 29 already paid off, the institute has not only provided educational opportunities but also supported students in achieving financial independence. Furthermore, by setting a new standard in educational models and empowering future generations for wealth creation industries, the Industrial Arts Institute has been nationally recognized for its significant contribution to building a strong professional trades workforce.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $12,683
  • Program Service Revenue: $504,921
  • Gross Receipts: $802,824

    • Assets and Liabilities:
  • Total Assets: $832,084
  • Total Liabilities: $121,659
  • Net Assets: $710,425
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TUITION

    Revenue

    $504,921

    Organization Details

    Founding Year

    2017

    Principal Officer

    Thomas Moran

    Main Address

    20902 WASHINGTON AVEPO BOX 241, ONAWAY, MI, 49765

    NTEE Category

    Code: B30 - Education

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