Overview
What is Los Angeles Ort Technical Institute?
Los Angeles Ort Technical Institute is a nonprofit organization situated in Los Angeles, California, specifically at 6435 Wilshire Blvd, CA 90048. With a modest workforce of two individuals, this institution is dedicated to providing advanced technological training to its students, as well as promoting STEM education and cybersecurity. The institute's mission is to empower and equip students with the necessary skills to excel in these fields, contributing positively to the technological landscape.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Star rating
Los Angeles Ort Technical Institute has received a two-star rating from Charity Navigator, indicating a need for improvement in its overall performance. With a score of 71%, the organization demonstrates strong governance practices, including a fully independent board and comprehensive conflict of interest and whistleblower policies. However, the program expense ratio is notably low at 51.94%, suggesting that less than half of its expenses are directed towards its core programs, which may raise concerns about its effectiveness and financial management.
The institute's accountability and finance practices are commendable, with perfect scores in areas such as board independence and asset management, indicating a stable financial foundation. This includes a low liabilities to assets ratio of 3.88%, which reflects sound fiscal health. The organization maintains proper documentation and transparency in its board meeting minutes, showcasing its commitment to accountability.
Despite these strengths, the low program expense ratio highlights a significant limitation, as it suggests that funds may not be optimally utilized towards the intended educational programs. Stakeholders may want to consider this aspect when evaluating the impact of their contributions and the overall effectiveness of the organization in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Los Angeles Ort Technical Institute legitimate?
Los Angeles Ort Technical Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Angeles Ort Technical Institute 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: $75,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $182,346
For more financial information, click here
What is the mission statement of Los Angeles Ort Technical Institute?
The Los Angeles Ort Technical Institute is dedicated to providing advanced technological training to students, alongside STEM education and cybersecurity. Its mission is to equip students with the necessary skills and knowledge in these fields, fostering their growth and preparing them for potential careers in technology. The institution's goal is to contribute to the technological advancement and security of our society by nurturing a new generation of tech-savvy individuals. It strives to promote a comprehensive understanding of STEM subjects, ensuring that students are well-equipped to tackle the challenges of the digital age.
Who is the CEO of Los Angeles Ort Technical Institute?
Jim Glantz is the Secretary of Los Angeles Ort Technical Institute. The CEO's salary of Los Angeles Ort Technical Institute is $75,000 and their total compensation is $75,000.
What is the revenue of Los Angeles Ort Technical Institute?
Los Angeles Ort Technical Institute's revenue in 2022 was $31,307.
Who are the executives of Los Angeles Ort Technical Institute and what are their salaries?
The average compensation at Los Angeles Ort Technical Institute during 2022 was $128,673. There are 2 employees at Los Angeles Ort Technical Institute.
Here are 8 key members and their salaries (Los Angeles Ort Technical Institute's CEO's salary is $75,000 and their total compensation is $75,000):
- Compensation: $75,000
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Los Angeles Ort Technical Institute?
Los Angeles Ort Technical Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Los Angeles Ort Technical Institute
Los Angeles Ort Technical Institute is dedicated to providing advanced technological training to its students, with an emphasis on STEM education and cybersecurity. The institution's mission is to equip its students with the necessary skills to excel in the rapidly evolving technological landscape. By offering advanced technological training, Los Angeles Ort Technical Institute aims to prepare its students for successful careers in the tech industry. Additionally, the institute incorporates STEM education into its curriculum, fostering a strong foundation in science, technology, engineering, and mathematics. Moreover, Los Angeles Ort Technical Institute is committed to cybersecurity, ensuring that its students are well-versed in the latest security measures and best practices. This comprehensive approach to technological education equips its students with the knowledge and skills needed to excel in the tech industry and contribute to its ongoing growth and development.
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Impact
August, 2024
Los Angeles Ort Technical Institute plays a vital role in providing advanced technological training to students in Los Angeles, California. Through its focus on STEM education and cybersecurity, the institute equips individuals with the skills and knowledge needed to succeed in the fast-evolving tech industry. By offering specialized training programs, Los Angeles Ort Technical Institute contributes to the development of a workforce that is prepared to meet the demands of the modern digital landscape.
This information is meant to be a general summary of Los Angeles Ort Technical Institute. 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: $3,210
- Program Service Revenue: $10,972
- Gross Receipts: $31,307
Assets and Liabilities:
- Total Assets: $2,701,003
- Total Liabilities: $137,480
- Net Assets: $2,563,523
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$10,972
Organization Details
Founding Year
1985
Principal Officer
Jim Glantz
Main Address
6435 WILSHIRE BLVD, Los Angeles, CA, 90048
NTEE Category
Code: B41 - Education
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