Overview
What is Brooklyn Tech Alumni Foundation Inc?
Brooklyn Tech Alumni Foundation Inc is a nonprofit organization dedicated to supporting Brooklyn Technical High School, a renowned institution focused on STEM education. Their mission involves harnessing the intellectual and financial power of tech alumni to enhance the school's curriculum, facilities, and faculty, as well as provide transformative learning experiences for students. Some of their initiatives include hosting Career Day, funding faculty grants, establishing a Materials Testing Lab, organizing Annual Engineers Week, and forming partnerships with organizations like Con Edison and the American Society of Civil Engineers. The foundation also awards scholarships and grants to students and faculty, and celebrates the school's legacy of excellence. Based in Brooklyn, New York, the foundation has 8 employees committed to its cause.
Official website here: www.bthsalumni.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 86% - Three-Star out of Four Star rating
The Brooklyn Tech Alumni Foundation Inc has achieved a solid Three-Star rating from Charity Navigator, reflecting a commendable level of accountability and financial health. With an overall score of 86%, the organization demonstrates strong governance practices, including a fully independent board and robust oversight measures. Notably, there are no material diversions of assets, which indicates strong integrity in financial management.
The Foundation excels in specific areas, such as its fundraising efficiency and low liabilities to assets ratio, suggesting effective resource management. Their commitment to transparency is also evident, as they have established clear policies such as conflict of interest and whistleblower policies. The high working capital ratio of 8.93 years indicates a strong financial cushion, allowing for sustainability in their operations.
However, the program expense ratio of 55.82% is relatively low, which could raise questions about the proportion of funds directed towards their primary mission. While the Foundation has solid governance and financial health, enhancing programmatic spending could further strengthen their impact and effectiveness in serving the alumni community.
This AI summary has been generated from information found on Charity Navigator.
Is Brooklyn Tech Alumni Foundation Inc legitimate?
Brooklyn Tech Alumni Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brooklyn Tech Alumni 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: $123,942
Professional Fundraising Fees: $167,275
Other Salaries and Wages: $437,924
For more financial information, click here
Official website here: www.bthsalumni.org
What is the mission statement of Brooklyn Tech Alumni Foundation Inc?
The Brooklyn Tech Alumni Foundation's mission is to support Brooklyn Technical High School as a leading specialized institution for STEM education. They accomplish this by leveraging the intellectual and financial resources of its tech alumni. The foundation focuses on enhancing the school's curriculum, facilities, and faculty, as well as providing transformative learning experiences for students. They aim to reconnect and engage alumni in supporting the educational programs and establish partnerships with corporations, universities, and industries to benefit Brooklyn Tech. The foundation also celebrates the school's history and strategically collaborates with Brooklyn Tech to sustain its legacy of excellence.
Official website here: www.bthsalumni.org
Who is the CEO of Brooklyn Tech Alumni Foundation Inc?
Denice Clarke Ware is the President of Brooklyn Tech Alumni Foundation Inc.
Official website here: www.bthsalumni.org
What is the revenue of Brooklyn Tech Alumni Foundation Inc?
Brooklyn Tech Alumni Foundation Inc's revenue in 2022 was $2,437,316.
Official website here: www.bthsalumni.org
Who are the executives of Brooklyn Tech Alumni Foundation Inc and what are their salaries?
The average compensation at Brooklyn Tech Alumni Foundation Inc during 2022 was $70,233. There are 8 employees and 31 volunteers at Brooklyn Tech Alumni Foundation Inc.
Here are 23 key members and their salaries:
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- Other: $27,276
Official website here: www.bthsalumni.org
Where can I find the form 990 for Brooklyn Tech Alumni Foundation Inc?
Brooklyn Tech Alumni Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bthsalumni.org
Learn more at the official website: www.bthsalumni.org
Mission Statement of Brooklyn Tech Alumni Foundation Inc
Brooklyn Tech Alumni Foundation serves to bolster Brooklyn Technical High School, renowned as a leading specialized institution for Science, Technology, Engineering, and Mathematics (STEM) education. The foundation leverages the intellectual and financial resources of its alumni to achieve this goal. It supports curriculum and facilities enhancements, faculty development, and transformative learning experiences for students. The organization also fosters connections and engages alumni in its educational programs, aiming to establish and sustain partnerships with corporations, universities, and industries that benefit Brooklyn Tech. Furthermore, the foundation celebrates its history and collaborates strategically with Brooklyn Tech to preserve its legacy of excellence.
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Impact
July, 2024
Brooklyn Tech Alumni Foundation Inc's impact includes supporting Brooklyn Technical High School as the premier specialized high school for STEM - Science, Technology, Engineering, and Mathematics. They harness the intellectual and financial power of Tech alumni to benefit over 5000 students through initiatives such as Career Day, Faculty Grants, Materials Testing Lab, Annual Engineers Week, partnerships with organizations like Con Edison and the Urban Land Institute, and providing scholarships and awards totaling $8,000 to students. Their mission is to enhance curriculum and facilities, support faculty development, and provide transformational learning experiences for students while fostering partnerships with corporations, universities, and industry. Through their efforts, they celebrate the school's history and sustain its legacy of excellence in education.
This information is meant to be a general summary of Brooklyn Tech Alumni 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 2022.
- Investment Income: $896,072
- Gross Receipts: $4,983,510
Assets and Liabilities:
- Total Assets: $15,030,868
- Total Liabilities: $279,962
- Net Assets: $14,750,906
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Organization Details
Founding Year
1984
Phone
(718) 797-2285Principal Officer
Denice Clarke Ware
Main Address
29 FORT GREENE PLACE, BROOKLYN, NY, 11217
Website
www.bthsalumni.orgNTEE Category
Code: B25Z - Education
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