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Ctc Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 251811888 ✦ Johnstown, PA ✦ Designated as a 501(c)(3)

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Overview

What is Ctc Foundation?

The Ctc Foundation, headquartered in Johnstown, Pennsylvania, is a nonprofit organization established by Concurrent Technologies Corporation (CTC). Its primary purpose is to support education, arts, historical preservation, and the disabled community, among other philanthropic causes. The Foundation achieves this objective through grant-making and various expenditures. The organization, with a single employee, is committed to leveraging CTC's expertise and resources to positively impact people's lives.


Official website here: www.ctcfoundation.org

Is Ctc Foundation legitimate?

Ctc Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ctc 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: $8,812
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.ctcfoundation.org

What is the mission statement of Ctc Foundation?

The CTC Foundation, established by Concurrent Technologies Corporation, aims to utilize its expertise and diverse capabilities to positively impact people's lives. The foundation's mission aligns with that of CTC, with its grant-making activities serving to further this objective. The Foundation's activities primarily focus on supporting education, the arts, historical preservation, promoting awareness for the disabled community, and general philanthropy. The Foundation achieves this by making monetary contributions, which advance these causes.


Official website here: www.ctcfoundation.org

Who is the CEO of Ctc Foundation?

Edward J Sheehan Jr is the Vice-Chair/President of Ctc Foundation.


Official website here: www.ctcfoundation.org

What is the revenue of Ctc Foundation?

Ctc Foundation's revenue in 2022 was $102,581.


Official website here: www.ctcfoundation.org

Who are the executives of Ctc Foundation and what are their salaries?

The average compensation at Ctc Foundation during 2022 was $8,812. There is 1 employee at Ctc Foundation.


Here are 5 key members and their salaries:


Edward J Sheehan Jr (Vice-Chair/President)
  • Compensation: $0
  • Related: $623,159
  • Other: $25,653
Conway B Jones (Chairman)
  • Compensation: $0
  • Related: $18,347
  • Other: $0
Mike Kane (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert A Johnson Esq (Secretary/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jo A O'Saben (Treasurer)
  • Compensation: $0
  • Related: $137,465
  • Other: $19,328


Official website here: www.ctcfoundation.org

Where can I find the form 990 for Ctc Foundation?

Ctc Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ctcfoundation.org

Learn more at the official website: www.ctcfoundation.org

Mission Statement of Ctc Foundation

The CTC Foundation, established by Concurrent Technologies Corporation, aims to utilize its expertise and diverse capabilities to positively impact people's lives. The foundation's mission aligns with CTC's objectives, with its grant-making activities serving to enhance various sectors such as education, the arts, historical preservation, disabled community awareness, and general philanthropy. The foundation's financial contributions are used to support initiatives within these areas, contributing to the betterment of communities and individuals in need.

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Impact




October, 2024

Ctc Foundation significantly impacts various sectors, particularly education, the arts, historical preservation, and community awareness for people with disabilities. By providing monetary contributions through grants and other expenditures, the foundation tangibly enhances the lives of individuals in these areas. With a commitment to advancing knowledge and fostering creativity, Ctc Foundation plays a vital role in supporting initiatives that promote educational opportunities and cultural enrichment. Additionally, its focus on historical preservation helps maintain community heritage, while its advocacy for the disabled community raises awareness and encourages inclusivity. Overall, Ctc Foundation serves as a catalyst for positive change in Johnstown, PA, and beyond, aligning its mission with the broader goals of Concurrent Technologies Corporation.




This information is meant to be a general summary of Ctc 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.

Revenue
$102,581 (2022)
Expenses
$141,958 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $102,581

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Organization Details

Founding Year

1998

Principal Officer

Edward J Sheehan Jr

Main Address

100 CTC DRIVE, JOHNSTOWN, PA, 159041935

NTEE Category

Code: U40 - Science research

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