Overview
What is Massachusetts Technology Leadership Council Education Foundation Inc?
Massachusetts Technology Leadership Council Education Foundation Inc is a 501(c)3 nonprofit organization established in 1996, situated in Lexington, Massachusetts. Its primary mission is to promote and support computing education across the state. As a vital resource in Massachusetts, which heavily relies on its capacity to generate tech talent, the foundation aims to establish a computer science talent pipeline to drive innovation and counteract wage and employment inequality. The organization focuses on computer science education for students from K-12 and beyond, sponsoring and providing grants to educational facilities throughout Massachusetts to increase the availability of computer science courses in middle and high schools. In 2021, the Technovation program was held virtually, with Technovation.org covering the event costs as a nationwide initiative.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%, Zero-Star out of Four Star rating.
The Massachusetts Technology Leadership Council Education Foundation Inc has received a low rating of 33%, indicating significant concerns regarding its financial accountability and program efficiency. While the organization excels in governance aspects, such as having a fully independent board and maintaining proper documentation of meetings, it struggles with its financial metrics and the effective use of its assets.
One major issue highlighted is the program expense ratio, which stands at only 5.87%. This suggests that a very small portion of their total expenditures is directed towards their programs, raising questions about their operational effectiveness. Additionally, the liabilities to assets ratio is concerning at 6.23%, reflecting potential financial instability.
While the foundation's leadership compensation is clear, with salaries for key positions being relatively high, the lack of programmatic spending may limit their overall impact in the community. Stakeholders may need to consider these factors when assessing the foundation's effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Massachusetts Technology Leadership Council Education Foundation Inc legitimate?
Massachusetts Technology Leadership Council Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts Technology Leadership Council Education Foundation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $33,379
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Massachusetts Technology Leadership Council Education Foundation Inc?
The Massachusetts Technology Leadership Council Education Foundation, established in 1996, is committed to supporting and promoting computer science education. Recognizing the state's reliance on computing talent for innovation, the foundation aims to establish a pipeline of computer science talent to counterbalance wage and employment disparities. The organization's primary focus is on computer science education, extending from K-12 to beyond, with the goal of increasing computer science courses in middle and high schools. The foundation advances computing education in Massachusetts by sponsoring and providing grants to educational facilities across the state, partnering with organizations like Technovation for events such as the Technovation program, which was run as a virtual event in 2021.
Who is the CEO of Massachusetts Technology Leadership Council Education Foundation Inc?
Kathryn Mcleod is the Treasurer of Massachusetts Technology Leadership Council Education Foundation Inc.
What is the revenue of Massachusetts Technology Leadership Council Education Foundation Inc?
Massachusetts Technology Leadership Council Education Foundation Inc's revenue in 2021 was $42,381.
Who are the executives of Massachusetts Technology Leadership Council Education Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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- Compensation: $170,000
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- Compensation: $100,000
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- Compensation: $132,000
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Where can I find the form 990 for Massachusetts Technology Leadership Council Education Foundation Inc?
Massachusetts Technology Leadership Council Education Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Massachusetts Technology Leadership Council Education Foundation Inc
The Massachusetts Technology Leadership Council Education Foundation, established in 1996 as a 500(c)3 organization, is committed to supporting and promoting computer science education in Massachusetts. Recognizing the state's reliance on a capable computing talent pool to drive innovation, the foundation aims to establish a pipeline of computer science talent. In line with this mission, the Education Foundation focuses on computer science education for students from K-12 and beyond, working to counteract the ongoing trend of wage and employment inequality.
To achieve its objectives, the Massachusetts Technology Leadership Council Education Foundation actively works to advance computing education in the state. It accomplishes this by sponsoring and funding educational facilities across Massachusetts, providing grants for programs designed to increase the availability of computer science courses in middle and high schools. By investing in these initiatives, the foundation seeks to equip the next generation with the skills necessary to drive innovation and contribute to the state's tech-driven economy. In 2021, the foundation ran its Technovation program as a virtual event, with Technovation.org covering the costs and overseeing the event as part of a nationwide program.
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Impact
August, 2024
Massachusetts Technology Leadership Council Education Foundation Inc's impact lies in advancing computing education in Massachusetts. By sponsoring and providing grants to educational facilities throughout the state, the foundation aims to increase computer science courses in middle and high schools. Specifically, its focus on computer science education for all K-12 and beyond helps to build a computer science talent pipeline necessary for driving innovation and countering the growth of wage and employment inequality in the state. Through initiatives like the Technovation program, which was run as a virtual event in 2021, the foundation covers the costs of expenses for programs aimed at promoting computer science education on a nationwide scale.
This information is meant to be a general summary of Massachusetts Technology Leadership Council Education Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Gross Receipts: $42,381
Assets and Liabilities:
- Total Assets: $81,737
- Total Liabilities: $5,100
- Net Assets: $76,637
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Organization Details
Founding Year
1996
Phone
(781) 993-9000Principal Officer
Kathryn Mcleod
Main Address
420 BEDFORD STREET 250, LEXINGTON, MA, 02420
NTEE Category
Code: T30 - Philanthropy
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