Machine Tool Technologies Research Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO PROMOTE THE HIGHEST QUALITY TECHNOLOGIES IN THE FIELD OF MACHINE TOOLS AND RELATED INDUSTRIES BY ENCOURAGING THE EXCELLENT SCHOLARS, EDUCATORS AND STUDENTS TO JOIN AND WORK IN THE FIELD.
- Income
- $355,329
- Spending
- $755,295
- Spent on programs
- 73%
- Reserves
- -8.5 months of spending
- Largest source of income
- investment income, 51%
- Employees
- 2
- Volunteers
- 1
- Highest pay
- $144,000, president
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 50 out of 100. Higher than 17% of charities in its peer group (education, $250k to $1m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
20 of 20It owes 2% of what it owns.
Living within its means
0 of 15Spending exceeded income by 113% of income.
Income trend
15 of 15Income rose 30% on the year before.
Spending floor
15 of 1572% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 80 out of 100. Higher than 66% of charities in its peer group (education, $250k to $1m).
Independent board
5 of 251 of 3 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $547,508 spent. PROVIDE SCHOLARSHIP FUNDS AND EQUIPMENT USAGE TO STUDENTS, POST GRADUATE RESEARCHERS AND PROFESSORS TO STUDY AND PERFORM RESEARCH IN THE FIELDS RELATED TO MACHINE TOOL SYSTEMS.
- 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.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 2003.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
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