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Nonprofit · EIN 27-0685219

INSTITUTE FOR WORKFORCE ADVANCEMENT

Also known as Composite Prototyping Center

Tax-exempt · MELVILLE, NY 11747

Financials

$490K$564K2023$260K$534K2024
Revenue Expenses · by fiscal year end
Financials of INSTITUTE FOR WORKFORCE ADVANCEMENT by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$260,315$534,428-$274,113$211,943$55,965$155,978
December 31, 2023990$489,836$564,474-$74,638$476,667$46,576$430,091
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$32,500
Program service revenue
$219,603
Investment income
$0
Other revenue
$8,212

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$109,937
Other salaries and wages
$244,256
Salaries, compensation and benefits (total)
$417,128
Professional fundraising fees
$0
Accounting fees
$11,725
Occupancy
$24,610
Travel
$6,787
Depreciation
$1,964
Program services (functional)
$247,523
Management and general (functional)
$286,905

Balance sheet and other

Total assets, start of year
$476,667
Total assets, end of year
$211,943
Total liabilities, end of year
$55,965
Net assets, end of year
$155,978
Land, buildings and equipment
$12,346
Net assets without donor restrictions
$155,978
Gross receipts
$260,315
Employees
7
Volunteers
0
Year formed
2008
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
MICHAEL MCQUILLANDIRECTOR OF FINANCE
Officer
40$109,937$30,787
RAY FARRELLCHAIRMAN OF THE BOARD
Trustee or director, Officer
2.5$0$0
BARRY SHORTENSECRETARY
Trustee or director, Officer
4.5$0$0
JEFFREY BASSTREASURER
Trustee or director, Officer
4.5$0$0
JOSEPH GARONEVICE PRESIDENT
Trustee or director, Officer
2.5$0$0
ANNMARIE SCHEIDTBOARD MEMBER
Trustee or director
2.5$0$0
JOHN SMITHBOARD MEMBER
Trustee or director
2.5$0$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensationOther / benefits
MICHAEL MCQUILLANDIRECTOR OF FINANCE
Officer
40$115,199$39,501
RAY FARRELLCHAIRMAN OF THE BOARD
Trustee or director, Officer
2.5$0$0
BARRY SHORTENSECRETARY
Trustee or director, Officer
4.5$0$0
JEFFREY BASSTREASURER
Trustee or director, Officer
4.5$0$0
JOSEPH GARONEVICE PRESIDENT
Trustee or director, Officer
2.5$0$0
ANNMARIE SCHEIDTBOARD MEMBER
Trustee or director
2.5$0$0
JOHN SMITHBOARD MEMBER
Trustee or director
2.5$0$0

Address and contacts

Address (IRS master file)
575 BROADHOLLOW ROAD, MELVILLE, NY 11747-5009
Mailing address (990-N for 2013)
510 Grumman Road West, Bethpage NY 11714
Principal officer (990 for 2024)
RAY FARRELL, 575 BROADHOLLOW ROAD, MELVILLE, NY 11747
Principal officer (990-N for 2013)
Joe Garone, 510 Grumman Road West, Bethpage NY 11714
Signed the 990
RAY FARRELL, CHAIRMAN OF THE BOARD
Phone
(516) 597-5455
Return prepared by
CERINI & ASSOCIATES LLP

Mission

INSTITUTE FOR WORKFORCE ADVANCEMENT (IWA) IS A HIGHLY SPECIALIZED VISIONARY ENTRYWAY INTO THE FUTURE. STAFFED BY LEADING EXPERTS IN THE FIELD OF COMPOSITES, THE STATE OF THE ART FACILITY ENABLES ORGANIZATIONS TO CROSS BOUNDARIES, EXPAND MANUFACTURING SCOPE, AND EFFECTIVELY COMPETE IN DYNAMIC EXPANDING MARKETPLACES RANGING FROM AEROSPACE, AUTOMOTIVE, AND ENERGY, TO INFRASTRUCTURE, TRANSPORTATION AND CONSUMER PRODUCTS. AT IWA, THE FULL GAMUT OF COMPOSITE SERVICES AND RESOURCES UNITE SO THAT ORGANIZATIONS CAN DESIGN, PROTOTYPE, TEST, AND TRAIN, ALL UNDER A SINGLE ROOF.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE SMALL AND MEDIUM SIZED MANUFACTURES 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.
    Expenses $247,523 · revenue $219,603

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-0685219
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2015
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$211,943
Income (IRS master file)
$260,315

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$260,315$534,428$211,943XML
990December 2023$489,836$564,474$476,667XML
990December 2022–––IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 2017–––IRS
990-N for 2013
Officer: Joe Garone
December 31, 2013≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-0685219).

Questions about INSTITUTE FOR WORKFORCE ADVANCEMENT

What is the EIN of INSTITUTE FOR WORKFORCE ADVANCEMENT?
The employer identification number (EIN) of INSTITUTE FOR WORKFORCE ADVANCEMENT is 27-0685219.
Is INSTITUTE FOR WORKFORCE ADVANCEMENT tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to INSTITUTE FOR WORKFORCE ADVANCEMENT tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INSTITUTE FOR WORKFORCE ADVANCEMENT file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of INSTITUTE FOR WORKFORCE ADVANCEMENT due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INSTITUTE FOR WORKFORCE ADVANCEMENT last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of INSTITUTE FOR WORKFORCE ADVANCEMENT?
The 990 for the year ended December 31, 2024 names RAY FARRELL.
Who are the officers and directors of INSTITUTE FOR WORKFORCE ADVANCEMENT?
The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $109,937 (MICHAEL MCQUILLAN, DIRECTOR OF FINANCE).
How much revenue does INSTITUTE FOR WORKFORCE ADVANCEMENT have?
On its 990 for the year ended December 31, 2024 it reported revenue of $260,315, expenses of $534,428 and total assets of $211,943 at year end.

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