NonprofitsInstitute For Workforce Advancement

Science & Technology

Institute For Workforce Advancement

MELVILLE, NY

Total revenue

$260K

Total expenses

$534K

Net assets

$156K

Grants received

EIN

270685219

Tax year

2024

Mission

To provide small and medium sized manufacturers the opportunity to address new markets that require the use of composite materials and help regional manufacturers produce composite products through training and equipment availability. Iwa will provide a full spectrum of services ranging from engineering, process development, product development, inspection, and testing, to workforce training and development.

Financials

FY 2024

Revenue

Contributions & grants$33K
Program service revenue$220K
Investment income
Other revenue$8K
Total revenue$260K

Expenses

Grants paid
Salaries & benefits$417K
Fundraising
Other expenses$117K
Total expenses$534K
Total assets$212K
Net assets$156K

People

7 listed

NameRoleCompensation

MICHAEL MCQUILLAN

DIRECTOR OF FINANCE

Board

$110K

40 hrs/wk

BARRY SHORTEN

SECRETARY

Board

4.5 hrs/wk

JEFFREY BASS

TREASURER

Board

4.5 hrs/wk

RAY FARRELL

CHAIRMAN OF THE BOARD

Board

2.5 hrs/wk

ANNMARIE SCHEIDT

BOARD MEMBER

Board

2.5 hrs/wk

JOHN SMITH

BOARD MEMBER

Board

2.5 hrs/wk

JOSEPH GARONE

VICE PRESIDENT

Board

2.5 hrs/wk

Details

EIN270685219
NTEE codeU99
Subsection03
Ruling date2015-03
Formed2008
Employees7
Volunteers0
INSTITUTE FOR WORKFORCE ADVANCEMENT — Mission, Financials & Grants Received | Grantivo