Overview
What is Center For Financial Training Atlantic And Central States Inc?
Center for Financial Training Atlantic and Central States Inc, based in Farmington, Connecticut, is a nonprofit organization primarily focused on delivering continuing educational programs, forums, and seminars for the financial services community. With a mission to meet the educational needs of bank, credit union, and other employees working within the finance industry, they provide professionally administered banker education and training. Their activities include organizing continuing educational programs and seminars in accordance with the expectations of financial institutions. The organization, with a modest workforce of 4 individuals, is committed to the professional development of the financial services industry, contributing to its overall growth and success.
Official website here: www.cftnow.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Center For Financial Training Atlantic And Central States Inc has received a solid Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization has demonstrated excellent governance practices, with 90% of its board members being independent and a comprehensive set of policies in place, including conflict of interest and whistleblower policies. Their low liabilities to assets ratio further indicates sound financial health.
Strengths highlighted in the rating include a high program expense ratio of 72.06%, suggesting that a substantial portion of their expenses is directed toward programs rather than administrative costs. Additionally, there has been no material diversion of assets, showcasing responsible management of funds. The presence of documented board meeting minutes and adherence to various operational policies reinforces the organization's transparency.
However, the overall score is based solely on the Accountability & Finance beacon, which means other aspects of the organization, such as program impact and community feedback, were not evaluated in this rating. While the financial health appears strong, potential donors may want to seek further information regarding the organization’s effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Center For Financial Training Atlantic And Central States Inc legitimate?
Center For Financial Training Atlantic And Central States Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center For Financial Training Atlantic And Central States 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: $324,024
Professional Fundraising Fees: $0
Other Salaries and Wages: $46,985
For more financial information, click here
Official website here: www.cftnow.org
What is the mission statement of Center For Financial Training Atlantic And Central States Inc?
The Center for Financial Training Atlantic and Central States Inc is committed to delivering banker education and training that consistently meets the educational requirements of financial institutions. This is achieved through the provision of continuing education programs, forums, and seminars specifically designed for the financial services community. The organization's primary goal is to ensure that employees in the banking, credit union, and broader financial services sectors receive professionally administered training to enhance their skills and knowledge. This dedication to continuous learning and professional development is crucial in maintaining the industry's standards and fostering a robust financial services sector.
Official website here: www.cftnow.org
Who is the CEO of Center For Financial Training Atlantic And Central States Inc?
Marta W Carey is the Principal Officer of Center For Financial Training Atlantic And Central States Inc. The CEO's salary of Center For Financial Training Atlantic And Central States Inc is $184,025 and their total compensation is $199,429.
Official website here: www.cftnow.org
What is the revenue of Center For Financial Training Atlantic And Central States Inc?
Center For Financial Training Atlantic And Central States Inc's revenue in 2022 was $1,573,505.
Official website here: www.cftnow.org
Who are the executives of Center For Financial Training Atlantic And Central States Inc and what are their salaries?
The average compensation at Center For Financial Training Atlantic And Central States Inc during 2022 was $92,752. There are 4 employees and 10 volunteers at Center For Financial Training Atlantic And Central States Inc.
Here are 13 key members and their salaries (Center For Financial Training Atlantic And Central States Inc's CEO's salary is $184,025 and their total compensation is $199,429):
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- Compensation: $184,025
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- Other: $15,404
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- Compensation: $67,128
- Related: $0
- Other: $18,675
- Compensation: $72,871
- Related: $0
- Other: $0
Official website here: www.cftnow.org
Where can I find the form 990 for Center For Financial Training Atlantic And Central States Inc?
Center For Financial Training Atlantic And Central States Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cftnow.org
Learn more at the official website: www.cftnow.org
Mission Statement of Center For Financial Training Atlantic And Central States Inc
The Center for Financial Training Atlantic and Central States Inc is committed to delivering professionally administered banker education and training. This nonprofit organization continually meets the educational requirements of employees in the financial services sector, including banks, credit unions, and other financial institutions. Through its continuing educational programs, forums, and seminars, the Center for Financial Training Atlantic and Central States Inc aims to equip these professionals with the necessary knowledge and skills to excel in their respective roles within the financial services industry.
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Impact
July, 2024
The impact of the Center For Financial Training Atlantic And Central States Inc is significant in providing continuing education programs and seminars tailored to the needs of the financial services community. By offering professionally administered banker education and training, the organization plays a crucial role in enhancing the skills and knowledge of employees in banks, credit unions, and other financial institutions. Through their programs, they contribute to the professional development of individuals working in the financial services industry, ultimately leading to a more skilled and knowledgeable workforce.
This information is meant to be a general summary of Center For Financial Training Atlantic And Central States 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.
- Investment Income: $574
- Program Service Revenue: $1,017,729
- Gross Receipts: $1,573,505
Assets and Liabilities:
- Total Assets: $825,987
- Total Liabilities: $908
- Net Assets: $825,079
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION
Revenue
$1,017,729
Organization Details
Founding Year
1993
Phone
(800) 795-5242Principal Officer
Marta W Carey
Main Address
10 WATERSIDE DR 300, FARMINGTON, CT, 06032
Website
www.cftnow.orgNTEE Category
Code: B60Z - Education
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