Machine Tool Technologies Research Foundation

What it reported doing in 2024

Expansion of mission and program services: our mission is to achieve the highest quality technology in the field of machine tool and its related industries. To achieve this, machine tool technology foundation will do the following:1)to provide scholarship funds to the students and post graduate researchers to study and perform research in fields related to machine tool systems.2)to donate funds to the educational institutions to promote education and research activities in fields related to machine tool systems.3)to provide the free loan of equipment and software to educators, students, professional researchers and technical specialists to conduct research and educational activities in fields related to machine tool systems.4)to conduct a survey of machine tool technologies and publish the results.5)to provide funds to educators, students, professional researchers and technical specialists to prepare promotional materials to encourage research and educational activities in fields related to machine tool systems.6)to provide funds to educators, students, professional researchers and technical specialists to conduct a survey of the current educational and research activities of educational institutions, research institutes, and non-profit organizations in the fields related to machine tool systems. The survey shall also identify the educational and engineering human resource needs of the machine tool systems industries. The purpose of the survey is to identify the current status of educational and research programs of educational institutions, research institutes, and non-profit organizations in the area of machine tool systems and compare these programs with the educational needs in machine tool related industries.7)to pay the professional association fees for meritorious students, professional researchers and educators working in fields related to machine tool systems.8)to provide funds and administrative services to facilitate conferences and meetings for students, educators, professional researchers, and technology specialists in the field of machine tool technologies.9)to finance travel and registration fees so that educators, meritorious students, and professional researchers may attend professional conferences, meetings, and seminars in fields related to machine tool systems.10)to finance travel expenses so that meritorious students, professional researchers and educators may visit educational and research institutes, public organizations and industries to exchange technological knowledge or study the emerging technologies in fields related to machine tool systems.11)to provide funds to educators, professional researchers, meritorious students, and engineering specialists to publish their knowledge in fields related to machine tool systems.12)to hold conferences on research developments in the field of machine tool systems technologies.13)to communicate with educators, engineers and specialists in fields related to machine tool technologies to spread understanding about the latest information and encourage collaboration among the experts.visionmachine tool technologies foundation is envisioned as a diversified foundation which values service through fields of academia as well as industry.to grow internationally well-known foundation, we strive to maintain foundation with dignity and highest ethical standards.machine tool technologies foundation is envisioned as a diversified foundation which values service through fields of academia as well as industry.to grow internationally well-known foundation, we strive to maintain foundation with dignity and highest ethical standards.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 72.5%; rating input score 72
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 26th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: 0 of 8 controls in place; rating input score 0
  • Claims monitoring procedures: Fail
  • Requires narrative reports: Fail
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Fail
  • Conducts site visits: Fail
  • Requires grant agreements: Fail
  • May require repayment: Fail
• Grant itemization coverage: 98.5%; rating input score 98; 58th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 33.3%; rating input score 33; 15th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -112.6%; rating input score 2; 2nd percentile among comparable filings
• Total-asset coverage ratio: 8.45; rating input score 87; 87th percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 41; 41st percentile among comparable filings
• Officer compensation ratio: 29.3%; rating input score 11; 11th percentile among comparable filings

Growth

• Program expense growth: -7.2% per year; rating input score 0; 14th percentile among comparable filings
• Revenue growth: -14.5% per year; rating input score 0; 4th percentile among comparable filings
• Asset growth: -1.3% per year; rating input score 0; 20th percentile among comparable filings