Overview
What is Greater Lowell Technical High School Charitable Foundation Inc?
Greater Lowell Technical High School Charitable Foundation Inc is a nonprofit organization situated in Tyngsboro, Massachusetts, with an address at 250 Pawtucket Blvd, 01879. Their primary mission is to provide funding, scholarships, and support for Greater Lowell Technical High School in areas that typically lack their own sources of funds. This nonprofit organization aims to enhance the educational opportunities and experiences for students attending the school, ensuring that resources are accessible in areas that might otherwise be underfunded.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating. This score reflects the organization’s commitment to accountability and finance, which is measured through a single beacon score. The charity exhibits strong governance practices, evidenced by its 100% independent board members and a robust conflict of interest policy.
The Greater Lowell Technical High School Charitable Foundation Inc has demonstrated good financial health, with a low liabilities to assets ratio of 3.19%. This indicates effective management of financial resources and minimal risk related to outstanding debts. The foundation also adheres to proper governance practices, with policies for whistleblowing and document retention in place.
However, while the organization has a decent program expense ratio of 56.35%, there may be room for improvement in maximizing the percentage of funds allocated directly to programs. This aspect is essential for ensuring that more resources directly benefit the community served. Overall, the foundation shows promise, but potential donors may want to consider these financial allocations when assessing impact.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Lowell Technical High School Charitable Foundation Inc legitimate?
Greater Lowell Technical High School Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Lowell Technical High School Charitable 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.
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What is the mission statement of Greater Lowell Technical High School Charitable Foundation Inc?
The Greater Lowell Technical High School Charitable Foundation Inc is dedicated to providing funding, scholarships, and support for the Greater Lowell Technical High School in areas that typically lack their own financial resources. Their mission is to contribute to the school's needs, enhancing its capabilities and opportunities for students who might otherwise be underserved. This includes offering scholarships and supporting the Greater Lowell Athletic Hall of Fame. The foundation aims to bridge financial gaps, thereby enriching the educational experience for the students at Greater Lowell Technical High School.
Who is the CEO of Greater Lowell Technical High School Charitable Foundation Inc?
Michael J Lenzi is the President of Greater Lowell Technical High School Charitable Foundation Inc.
What is the revenue of Greater Lowell Technical High School Charitable Foundation Inc?
Greater Lowell Technical High School Charitable Foundation Inc's revenue in 2023 was $77,383.
Who are the executives of Greater Lowell Technical High School Charitable Foundation Inc and what are their salaries?
Here are 15 key members and their salaries:
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Where can I find the form 990 for Greater Lowell Technical High School Charitable Foundation Inc?
Greater Lowell Technical High School Charitable Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Greater Lowell Technical High School Charitable Foundation Inc
The Greater Lowell Technical High School Charitable Foundation Inc is dedicated to providing funding, scholarships, and support for the Greater Lowell Technical High School in areas where they lack their own financial resources. This nonprofit organization's mission is to extend a helping hand to the school, ensuring that essential resources are available to students and initiatives that typically lack their own funding sources. By contributing to the school and its Athletic Hall of Fame, the Greater Lowell Technical High School Charitable Foundation Inc plays a crucial role in enriching the educational experience and opportunities for the students at the school.
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Impact
August, 2024
The Greater Lowell Technical High School Charitable Foundation Inc has a significant impact on the Greater Lowell Technical High School community. By providing funding, scholarships, and support in areas that may not have their own sources of funds, the foundation ensures that students have access to valuable educational opportunities. Additionally, their contributions to the Greater Lowell Athletic Hall of Fame further enhance the school's extracurricular offerings. Through their mission to support the school financially and academically, the foundation plays a vital role in enriching the educational experience for students in Tyngsboro, MA.
This information is meant to be a general summary of Greater Lowell Technical High School Charitable 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 2023.
- Investment Income: $29,918
- Gross Receipts: $77,384
Assets and Liabilities:
- Total Assets: $877,196
- Total Liabilities: $28,000
- Net Assets: $849,196
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Organization Details
Founding Year
2004
Phone
(978) 454-4900Principal Officer
Michael J Lenzi
Main Address
250 PAWTUCKET BLVD, TYNGSBORO, MA, 01879
NTEE Category
Code: B11 - Education
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