Overview
What is Pennsylvania Assistive Technology Foundation?
The Pennsylvania Assistive Technology Foundation (PATF) is a community development financial institution (CDFI) and a nonprofit organization based in King of Prussia, Pennsylvania. Its primary mission is to provide education and financing opportunities for individuals with disabilities and older Pennsylvanians, enabling them to acquire assistive technology devices and services that enhance their quality of life. PATF offers no-interest mini-loans ranging from $100 to $7,000 and may also provide partial grants to eligible applicants. In addition, they act as a credit broker, collaborating with banks like Malvern Bank, Univest Bank, and WSFS Bank to extend low-interest loans ranging from $7,001 to $60,000 for assistive technology. If an applicant's credit does not meet traditional lending standards but demonstrates the ability and willingness to repay a loan, PATF may offer a loan guarantee of up to $35,000. Furthermore, PATF's staff provides extensive information and assistance services to Pennsylvanians, helping them explore other potential funding sources. PATF's offerings also include financial education and coaching, as well as underwriting activities related to borrowing, with loan repayments reported to credit bureaus to improve borrowers' creditworthiness. With a team of 17 employees, PATF is committed to supporting individuals with disabilities and older Pennsylvanians in their pursuit of assistive technology solutions.
Official website here: www.patf.us
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Pennsylvania Assistive Technology Foundation has achieved a high overall score of 96%, reflecting its strong performance in both accountability and finance, as well as culture and community. The organization boasts perfect scores in independent board composition, financial oversight, and constituent feedback, showcasing its commitment to transparency and effective governance. With a significant program expense ratio of 84.40%, the majority of its funds are directed towards its core mission.
The foundation's practices are highly rated, indicating robust mechanisms for feedback collection and utilization, which enhances its responsiveness to stakeholder needs. The absence of material diversion of assets and the implementation of various governance policies further reinforce its operational integrity. Additionally, the equity strategies score of 91 out of 100 points highlights the organization's commitment to inclusivity and equity within its programs and services.
While the organization demonstrates strong financial health and operational effectiveness, ongoing engagement and feedback from constituents will be crucial for sustained improvement and adaptation to changing community needs. Overall, the Pennsylvania Assistive Technology Foundation stands out as a well-managed nonprofit with a clear focus on its mission and a strong ethical framework.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Pennsylvania Assistive Technology Foundation?
100% of 11 reviewers on Facebook recommend the Pennsylvania Assistive Technology Foundation. Here is a summary of their reviews:
Many individuals express deep appreciation for the support and resources provided by the organization, emphasizing how it enhances the quality of life for those in need of assistive technology. Reviewers highlight the positive impact of the foundation, noting that it plays a crucial role in enabling greater independence and improving accessibility.
Overall, the sentiment towards Pennsylvania Assistive Technology Foundation is overwhelmingly positive, with users feeling that the nonprofit truly delivers on its mission to support individuals seeking assistive technology solutions.
This AI summary has been generated from reviews found on Facebook.
Is Pennsylvania Assistive Technology Foundation legitimate?
Pennsylvania Assistive Technology Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pennsylvania Assistive Technology Foundation 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: $341,445
Professional Fundraising Fees: $0
Other Salaries and Wages: $870,061
For more financial information, click here
Official website here: www.patf.us
What is the mission statement of Pennsylvania Assistive Technology Foundation?
The Pennsylvania Assistive Technology Foundation, serving as a non-profit community development financial institution, aims to provide education and financing opportunities for individuals with disabilities and older adults. By doing so, the organization helps these individuals acquire assistive technology devices and services that enhance their quality of life. The foundation offers no-interest mini-loans ranging from $100 to $7,000, and partial grants to eligible applicants. Additionally, it acts as a credit broker, collaborating with banks to offer low-interest loans for larger assistive technology expenses. If an applicant's credit does not meet traditional lending standards, the foundation may provide a loan guarantee, up to $35,000. Furthermore, the foundation offers extensive information and assistance services to assist Pennsylvanians in exploring other potential funding sources.
Official website here: www.patf.us
Who is the CEO of Pennsylvania Assistive Technology Foundation?
Ben Laudermilch is the President of Pennsylvania Assistive Technology Foundation. The CEO's salary of Pennsylvania Assistive Technology Foundation is $67,768 and their total compensation is $88,637.
Official website here: www.patf.us
What is the revenue of Pennsylvania Assistive Technology Foundation?
Pennsylvania Assistive Technology Foundation's revenue in 2023 was $1,608,453.
Official website here: www.patf.us
Who are the executives of Pennsylvania Assistive Technology Foundation and what are their salaries?
The average compensation at Pennsylvania Assistive Technology Foundation during 2023 was $71,265. There are 17 employees and 50 volunteers at Pennsylvania Assistive Technology Foundation.
Here are 21 key members and their salaries (Pennsylvania Assistive Technology Foundation's CEO's salary is $67,768 and their total compensation is $88,637):
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- Compensation: $67,768
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- Other: $29,878
Official website here: www.patf.us
Where can I find the form 990 for Pennsylvania Assistive Technology Foundation?
Pennsylvania Assistive Technology Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.patf.us
Learn more at the official website: www.patf.us
Mission Statement of Pennsylvania Assistive Technology Foundation
The Pennsylvania Assistive Technology Foundation, a non-profit organization, is dedicated to providing education and financing opportunities for individuals with disabilities and older Pennsylvanians. Its mission is to assist these individuals in acquiring assistive technology devices and services that significantly enhance their quality of life. By acting as a Community Development Financial Institution (CDFI) and Pennsylvania's alternative financing program, as designated by the Assistive Technology Act, the foundation provides no-interest mini-loans ranging from $100 to $7,000 to eligible applicants. Additionally, the foundation offers partial grants to those who meet specific eligibility guidelines.
Beyond lending, the Pennsylvania Assistive Technology Foundation serves as a credit broker, partnering with Malvern Bank, Univest Bank, and WSFS Bank to offer low-interest loans ranging from $7,001 to $60,000 for assistive technology. If an applicant's credit does not meet traditional lending standards but demonstrates the ability and willingness to repay a loan, the foundation may provide a loan guarantee, up to $35,000. The foundation's staff offers extensive information and assistance services to Pennsylvanians, helping them explore potential funding sources. The foundation's services also include financial education and coaching, as well as underwriting activities related to borrowing. The foundation reports repayments to credit bureaus, allowing borrowers to improve their overall creditworthiness.
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Impact
October, 2024
The Pennsylvania Assistive Technology Foundation (PATF) significantly enhances the quality of life for individuals with disabilities and older Pennsylvanians by providing essential education and financing opportunities. Through a range of financial products, such as no-interest mini-loans ranging from $100 to $7,000, PATF enables qualified applicants to purchase assistive technology devices and services that can greatly alleviate daily challenges.
In addition to these loans, PATF offers low-interest loan options ranging from $7,001 to $60,000 in collaboration with trusted banks, ensuring broader access to necessary technologies. For applicants who may not meet traditional lending criteria but demonstrate a capacity to repay, PATF can provide loan guarantees up to $35,000, thus expanding financing opportunities even further.
Moreover, PATF's commitment extends beyond just financing. Its staff offers extensive information and assistance to help individuals navigate other funding sources, along with providing financial education and coaching. By reporting loan repayments to credit bureaus, PATF not only facilitates the purchase of vital assistive technology but also helps borrowers improve their creditworthiness. Overall, PATF empowers people by advocating for their needs, ensuring they have the resources to enhance their independence and quality of life through access to assistive technology.
This information is meant to be a general summary of Pennsylvania Assistive Technology Foundation. 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: $136,115
- Gross Receipts: $1,608,453
Assets and Liabilities:
- Total Assets: $3,687,655
- Total Liabilities: $275,830
- Net Assets: $3,411,825
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Organization Details
Founding Year
1998
Phone
(484) 674-0506Principal Officer
Ben Laudermilch
Main Address
1004 W 9TH AVENUE FIRST FLOOR, KING OF PRUSSIA, PA, 19406
Website
www.patf.usNTEE Category
Code: T70 - Philanthropy
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