Overview
What is Center For Technology & Innovation Inc?
Center for Technology & Innovation Inc, located in Binghamton, New York, is a nonprofit organization dedicated to preserving and celebrating the technological advancements of Upstate New York. Through weekly meetings, a team of volunteers, including IBM and Link/L3/Lockheed Martin veterans, work on restoring and maintaining various artifacts, such as IBM mainframes, aviation trainers, and a silent movie-era Link Theater Organ. They also focus on cataloging and organizing their collection, including the papers of Harvey Roehl. The organization's mission is to showcase the region's past, present, and future innovations, which they achieve through documenting historical accounts, renovating an ice-cream factory into a TechWorks! facility, and testing visitor experiences and programs. Approximately half of their expenses are allocated to artifact transportation, while the remainder goes towards purchasing new artifacts.
Official website here: www.ctandi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 26%
The Center For Technology & Innovation Inc has received a low score of 26%, which translates to a Zero-Star out of Four Star rating. This rating highlights significant concerns regarding the organization’s accountability and financial management practices. Notably, the charity has no independent board members, which raises questions about governance and oversight.
Strengths noted include the charity's adherence to some transparency practices, such as having its tax form listed on its website and maintaining board meeting minutes. Additionally, it has a conflict of interest policy in place, which is a positive indicator of governance policies. However, the absence of a whistleblower policy and document retention and destruction policy reflects shortcomings in its operational protocols.
On the financial front, the program expense ratio is relatively low at 41.99%, suggesting that a significant portion of funds may not be directed towards programs. Furthermore, the liabilities to assets ratio is concerning at 5.84%, indicating potential financial instability. Overall, the organization requires improvements in both governance and financial management to enhance its accountability and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Center For Technology & Innovation Inc legitimate?
Center For Technology & Innovation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center For Technology & Innovation 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: $5,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ctandi.org
What is the mission statement of Center For Technology & Innovation Inc?
The Center for Technology & Innovation Inc's mission is to preserve and showcase the inventions and industrial innovations of New York's Southern Tier. They accomplish this by collecting and presenting artifacts, archives, and oral histories in an engaging context. This is achieved through activities like the renovation of an ice-cream factory into TechWorks!, testing visitor experiences, and restoring historical artifacts like the IBM 1403 mainframe and Link Theater Organ. The organization also focuses on documenting inventions and innovations, with a team of volunteers and Binghamton University students assisting in cataloging and organizing the collection. A significant portion of their expenses is allocated towards transporting artifacts, while the remaining funds support the acquisition of new artifacts.
Official website here: www.ctandi.org
Who is the CEO of Center For Technology & Innovation Inc?
Susan Sherwood is the Executive Director of Center For Technology & Innovation Inc.
Official website here: www.ctandi.org
What is the revenue of Center For Technology & Innovation Inc?
Center For Technology & Innovation Inc's revenue in 2022 was $125,172.
Official website here: www.ctandi.org
Who are the executives of Center For Technology & Innovation Inc and what are their salaries?
There 125 volunteers at Center For Technology & Innovation Inc.
Here are 9 key members and their salaries:
- Compensation: $5,100
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ctandi.org
Where can I find the form 990 for Center For Technology & Innovation Inc?
Center For Technology & Innovation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ctandi.org
Learn more at the official website: www.ctandi.org
Mission Statement of Center For Technology & Innovation Inc
The Center for Technology & Innovation Inc. is dedicated to preserving and showcasing the inventions and industrial innovations that have shaped Upstate New York. Their mission involves documenting these milestones, presenting them in their historical context, and engaging visitors with interactive experiences and programs. The organization achieves this through various activities, including the restoration and exhibition of artifacts such as IBM mainframes and aircraft trainers. The Center also encourages community involvement, with teams of volunteers and Binghamton University students contributing to the cataloging and organization of the collection. The Center's operations are partially funded by expenses related to transporting artifacts and purchasing new items to add to their collection.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Center For Technology & Innovation Inc significantly impacts the Upstate New York region by preserving and showcasing the area's rich history of innovation and invention. By documenting and presenting the historical context of various industrial innovations, it enhances community awareness and appreciation for the contributions of local inventors and industries.
Through activities such as renovating an ice-cream factory into TechWorks! and curating collections that include artifacts from companies like IBM and Link/L3/Lockheed Martin, the organization fosters a deeper understanding of technological advancements. Their work involves hands-on restoration projects, where teams of volunteers and students collaborate to catalog and maintain artifacts, thereby providing learning opportunities and engaging the community in historical preservation.
The organization not only serves to educate the public about the past but also aims to inspire future innovations by highlighting the legacies of local inventors. By offering immersive experiences through programs and exhibitions, visitors gain insights into the technological heritage of the Southern Tier, influencing contemporary and future generations' approaches to innovation.
This information is meant to be a general summary of Center For Technology & Innovation 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.
- Program Service Revenue: $1,043
- Gross Receipts: $125,172
Assets and Liabilities:
- Total Assets: $1,426,076
- Total Liabilities: $83,300
- Net Assets: $1,342,776
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Event Revenue
Revenue
$972
Sales Revenue
Revenue
$71
Organization Details
Founding Year
1994
Phone
(607) 723-8600Principal Officer
Susan Sherwood
Main Address
321 Water Street, Binghamton, NY, 13901
Website
www.ctandi.orgNTEE Category
Code: A50 - Arts
If you are a representative of Center For Technology & Innovation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.