Overview
What is Pennsylvania Training Assurance Fund?
The Pennsylvania Training Assurance Fund is a nonprofit organization, specifically based in Uniontown, Pennsylvania. Its primary mission is to safeguard the well-being of students enrolled in privately licensed or registered schools within the state, as well as protect their tuition investments. The fund aims to ensure the completion of each school's educational commitments to its students in case of unforeseen circumstances. To fulfill this mission, the Pennsylvania Training Assurance Fund provides surety protection for any unearned or prepaid tuition of students enrolled in private schools within the state. This protection serves as a safety net, ensuring that students' educational investments are not lost in case of educational institutions' failure to fulfill their obligations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36% (Zero-Star out of Four Stars)
The Pennsylvania Training Assurance Fund has received a low rating of 36%, reflecting significant concerns regarding its accountability and financial practices. The overall score is derived entirely from an Accountability & Finance beacon, where the majority of metrics indicate serious deficiencies. While the organization did score well in areas such as having a majority of independent board members and no material diversion of assets, crucial policies like conflict of interest and whistleblower protections are missing, which greatly impacts their overall rating.
Despite the strong governance structure indicated by independent board size, the organization's financial health appears to be problematic, with a liabilities-to-assets ratio of 1.27% and a program expense ratio of 0.00%. This suggests that the organization may not be allocating resources effectively toward its programs, raising questions about its operational efficacy and long-term sustainability.
Overall, while the Pennsylvania Training Assurance Fund has certain strengths in governance, the lack of essential policies and poor financial ratios highlight significant areas for improvement. Donors and supporters should consider these limitations carefully when evaluating their commitment to the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Pennsylvania Training Assurance Fund legitimate?
Pennsylvania Training Assurance Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pennsylvania Training Assurance Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Pennsylvania Training Assurance Fund?
The mission of the Pennsylvania Training Assurance Fund is centered around providing security for the prepaid or unearned tuition of students enrolled in private schools within the state. Its primary objective is to safeguard the educational investments of privately licensed or registered school students. Furthermore, the fund aims to facilitate the completion of each school's educational commitments to its students, ensuring a seamless learning experience. This is accomplished by offering a protective mechanism that shields students from potential financial losses due to a private school's inability to fulfill its educational obligations.
Who is the CEO of Pennsylvania Training Assurance Fund?
James Dean is the Chairperson of Pennsylvania Training Assurance Fund.
What is the revenue of Pennsylvania Training Assurance Fund?
Pennsylvania Training Assurance Fund's revenue in 2022 was $211,998.
Who are the executives of Pennsylvania Training Assurance Fund and what are their salaries?
There 5 volunteers at Pennsylvania Training Assurance Fund.
Here are 5 key members and their salaries:
- 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
Where can I find the form 990 for Pennsylvania Training Assurance Fund?
Pennsylvania Training Assurance Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pennsylvania Training Assurance Fund
The Pennsylvania Training Assurance Fund, as an organization, is committed to providing a safeguard for the unearned or prepaid tuition of students enrolled in private schools within Pennsylvania. Its primary mission is to protect the investments of privately licensed or registered school students, ensuring that their educational commitments are fulfilled by the respective educational institutions. This protection extends to the students' tuition investments, thereby safeguarding their ability to complete their education in these private schools.
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
The Pennsylvania Training Assurance Fund provides crucial surety protection for students enrolled in private schools throughout Pennsylvania. By safeguarding unearned or prepaid tuition, the Fund ensures that students’ financial investments in their education are secured. This protection not only fosters trust in private educational institutions but also promotes a stable learning environment where students can focus on their studies without the fear of losing their tuition if a school faces financial difficulties.
Moreover, the Fund plays an essential role in facilitating the completion of educational commitments by schools, ensuring that students receive the education they have paid for. As a result, the Pennsylvania Training Assurance Fund contributes significantly to community improvement by fostering educational stability and integrity within the private education sector. In this way, it supports the broader mission of promoting equitable access to quality education for all students in Pennsylvania.
This information is meant to be a general summary of Pennsylvania Training Assurance Fund. 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: $205,698
- Program Service Revenue: $6,300
- Gross Receipts: $558,873
Assets and Liabilities:
- Total Assets: $2,671,268
- Total Liabilities: $26,517
- Net Assets: $2,644,751
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.
ASSESSMENT FEES
Revenue
$6,300
Organization Details
Founding Year
1992
Phone
(724) 439-4900Principal Officer
James Dean
Main Address
11 E PENN STREET PO BOX 877, UNIONTOWN, PA, 15401
NTEE Category
Code: S99 - Community improvement
If you are a representative of Pennsylvania Training Assurance Fund 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.