Overview
What is Techfoundation Inc?
Techfoundation Inc, based in Cambridge, Massachusetts, is a nonprofit organization dedicated to supporting other nonprofits in fulfilling their missions. They accomplish this through their Techgrants program, which provides both restricted and unrestricted grants to help nonprofits meet their technology needs. In 2022, they distributed 3 grants, 16 Buechner awards, and 19 stipends. The organization's mission is to deliver technology, expertise, and capital to enable nonprofits to harness the power of information technology to serve humanity. They operate in a manner that catalyzes support for technology at nonprofits, either directly or through local community foundations and donor-advised funds.
Official website here: www.techfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
Techfoundation Inc has achieved a strong Four-Star rating from Charity Navigator, underscoring its commitment to accountability and financial health. The organization scored an impressive 96% in the Accountability & Finance category, indicating robust financial management practices and transparency. This high rating reflects well on the charity's operational integrity and its dedication to maintaining strong governance practices.
The organization has demonstrated excellence in multiple facets of its operations, such as having a fully independent board and maintaining a strong program expense ratio of 89.90%. This suggests that a significant portion of its funding is directed toward its mission-related activities, which is a positive indicator of its effectiveness and focus on program delivery. Furthermore, the absence of any material diversions of assets and the presence of essential policies for conflict of interest and whistleblower protections add to its credibility.
While the data indicates strong financial practices, it is essential to note that the overall rating is based solely on a single beacon score related to accountability and finance. Potential donors and stakeholders might consider looking into other aspects of the organization, such as impact assessments and program outcomes, to gain a more comprehensive view of its effectiveness beyond financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Techfoundation Inc legitimate?
Techfoundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Techfoundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.techfoundation.org
What is the mission statement of Techfoundation Inc?
Techfoundation Inc's mission is centered around utilizing technology, expertise, and capital to empower nonprofit organizations. Their goal is to help these organizations harness the potential of information technology to serve humanity more effectively. The organization accomplishes this by providing grants through its Techgrants program, which offers nonprofits access to capital and assists them in fulfilling their technology needs, thereby enabling them to achieve their respective missions. In 2022, Techfoundation Inc distributed 3 grants, 16 Buechner Awards, and 19 stipends to support technology initiatives at various nonprofits.
Official website here: www.techfoundation.org
Who is the CEO of Techfoundation Inc?
David Altshuler is the Director of Techfoundation Inc.
Official website here: www.techfoundation.org
What is the revenue of Techfoundation Inc?
Techfoundation Inc's revenue in 2022 was $561,353.
Official website here: www.techfoundation.org
Who are the executives of Techfoundation Inc and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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Official website here: www.techfoundation.org
Where can I find the form 990 for Techfoundation Inc?
Techfoundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.techfoundation.org
Learn more at the official website: www.techfoundation.org
Mission Statement of Techfoundation Inc
TechFoundation Inc, an organization dedicated to serving humanity, delivers technology, expertise, and capital to empower nonprofit organizations. Their mission is to assist these nonprofits in harnessing the power of information technology, enabling them to effectively carry out their missions. TechFoundation Inc accomplishes this through their TechGrants program, which provides nonprofits with access to capital to meet their technology needs and further their objectives. In 2022, the organization distributed three grants, 16 Buechner Awards, and 19 stipends to support technology at nonprofits, either directly or through local community foundations and donor-advised funds.
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Impact
July, 2024
Techfoundation Inc's impact lies in its ability to deliver technology, expertise, and capital to Techfoundation Inc organizations, enabling them to harness the power of information technology to serve humanity. Through initiatives like TechGrants, the organization provides grants in the form of restricted or unrestricted funds directly to Techfoundation Incs or indirectly through local community foundations and donor-advised funds. In 2022 alone, Techfoundation Inc distributed 3 grants, 16 Buechner Awards, and 19 stipends, catalyzing support for technology in Techfoundation Inc organizations. By fulfilling technology needs and helping Techfoundation Inc organizations achieve their missions, Techfoundation Inc plays a crucial role in advancing philanthropy and enabling positive change through technology.
This information is meant to be a general summary of Techfoundation 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 2022.
- Gross Receipts: $561,353
Assets and Liabilities:
- Total Assets: $1,245,369
- Total Liabilities: $6,142
- Net Assets: $1,239,227
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Organization Details
Founding Year
2001
Phone
(617) 354-7500Principal Officer
David Altshuler
Main Address
PO BOX 381348, CAMBRIDGE, MA, 022381348
Website
www.techfoundation.orgNTEE Category
Code: T30 - Philanthropy
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