Overview
What is New York City Industrial Technology Assistance Corporation?
New York City Industrial Technology Assistance Corporation, abbreviated as ITAC, is a nonprofit organization situated in the heart of New York City. It operates under the auspices of the National Institute of Standard & Technology and the Empire State Development Division of Science, Technology & Innovation Programs. The primary mission of ITAC is to bolster the economy and job market of New York City by enhancing the competitiveness of local industrial and technology firms. To achieve this goal, ITAC provides technical and management assistance through experienced manufacturing field specialists. These experts aid companies in assessing and implementing strategies to improve their competitiveness, thereby contributing to the overall growth and prosperity of the city. ITAC is headed by a team of nine dedicated individuals.
Official website here: www.itac.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The New York City Industrial Technology Assistance Corporation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization's score is based entirely on its accountability metrics, where it has excelled, particularly in maintaining an independent board and conducting thorough audits.
With an independent board consisting of 12 members, the organization demonstrates a robust governance structure. They have implemented comprehensive policies, including conflict of interest and whistleblower protections, which further enhance their transparency and accountability. The financial health of the organization is also notable, as evidenced by a program expense ratio of 88.09%, indicating that a significant portion of their funds is directed towards their programs.
There are no significant limitations or concerns noted in the available data, showcasing the organization's commitment to responsible financial stewardship and governance. Overall, the New York City Industrial Technology Assistance Corporation stands out as a well-managed nonprofit, dedicated to its mission with a strong emphasis on accountability.
This AI summary has been generated from information found on Charity Navigator.
Is New York City Industrial Technology Assistance Corporation legitimate?
New York City Industrial Technology Assistance Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York City Industrial Technology Assistance Corporation 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: $624,621
Professional Fundraising Fees: $0
Other Salaries and Wages: $406,363
For more financial information, click here
Official website here: www.itac.org
What is the mission statement of New York City Industrial Technology Assistance Corporation?
The New York City Industrial Technology Assistance Corporation's mission is centered around enhancing the economic and employment landscape by boosting the competitiveness of local industrial and technology firms. They achieve this goal by offering technical and management assistance to companies, helping them identify and implement opportunities for improvement. This is done through experienced manufacturing field specialists, who operate under the umbrella of the National Institute of Standard & Technology's Manufacturing Extension Partnership Program and the Empire State Development Division of Science, Technology & Innovation Program.
Official website here: www.itac.org
Who is the CEO of New York City Industrial Technology Assistance Corporation?
Kinda Younes is the Executive Director of New York City Industrial Technology Assistance Corporation.
Official website here: www.itac.org
What is the revenue of New York City Industrial Technology Assistance Corporation?
New York City Industrial Technology Assistance Corporation's revenue in 2022 was $3,091,612.
Official website here: www.itac.org
Who are the executives of New York City Industrial Technology Assistance Corporation and what are their salaries?
The average compensation at New York City Industrial Technology Assistance Corporation during 2022 was $114,554. There are 9 employees and 13 volunteers at New York City Industrial Technology Assistance Corporation.
Here are 18 key members and their salaries:
- Compensation: $205,037
- Related: $0
- Other: $62,296
- Compensation: $152,734
- Related: $0
- Other: $49,751
- Compensation: $158,733
- Related: $0
- Other: $28,809
- Compensation: $146,464
- Related: $0
- Other: $15,453
- Compensation: $112,091
- Related: $0
- Other: $33,866
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- 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
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.itac.org
Where can I find the form 990 for New York City Industrial Technology Assistance Corporation?
New York City Industrial Technology Assistance Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.itac.org
Learn more at the official website: www.itac.org
Mission Statement of New York City Industrial Technology Assistance Corporation
The New York City Industrial Technology Assistance Corporation, abbreviated as ITAC, is committed to enhancing the economic strength and job market of New York City. They achieve this goal by boosting the competitiveness of local industrial and technological enterprises. Through their mission, ITAC works under the umbrella of the National Institute of Standards and Technology's Manufacturing Extension Partnership Program and the Empire State Development Division of Science, Technology, and Innovation Program. They provide technical and managerial assistance to companies, utilizing experienced manufacturing field specialists. These specialists help businesses assess and implement opportunities to enhance their competitiveness, thereby contributing to the overall growth and prosperity of New York City's economy.
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Impact
August, 2024
The New York City Industrial Technology Assistance Corporation's impact is centered around strengthening the economy and job base of New York City by improving the competitiveness of local industrial and technology firms. Operating under the umbrella of the National Institute of Standard & Technology funded Manufacturing Extension Partnership Program and the Empire State Development Division of Science, Technology & Innovation Program, ITAC provides technical and management assistance through experienced manufacturing field specialists. These specialists help companies evaluate and implement opportunities for improving their competitiveness, ultimately contributing to the growth and success of the city's industrial and technology sectors.
This information is meant to be a general summary of New York City Industrial Technology Assistance Corporation. 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: $501
- Program Service Revenue: $1,208,591
- Gross Receipts: $3,091,612
Assets and Liabilities:
- Total Assets: $2,890,075
- Total Liabilities: $292,877
- Net Assets: $2,597,198
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TECHNICAL ASSIST FEES
Revenue
$1,196,591
MANAGEMENT FEE
Revenue
$12,000
Organization Details
Founding Year
1987
Phone
(212) 809-3900Principal Officer
Kinda Younes
Main Address
500 7th Avenue 8th Floor, NEW YORK, NY, 10018
Website
www.itac.orgNTEE Category
Code: S43 - Community improvement
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