Overview
What is Chicago Tech Academy?
Chicago Tech Academy is a nonprofit organization situated in Chicago, Illinois, specifically at 1301 W 14th St. Their primary mission is to educate, empower, and connect a diverse group of future entrepreneurs, fostering their passions, academic success, and career growth in the digital age. They achieve this through project-based learning, integrating a college-preparatory curriculum, and establishing a collaborative teaching environment. By doing so, they aim to develop critical thinking, creativity, communication, and collaboration skills in their students, preparing them for the digital jobs of the future. Chicago Tech Academy also encourages students to build meaningful relationships with peers, faculty, and the business community through networking and internship opportunities. Their approach to education emphasizes the importance of leadership, lifelong learning, and community involvement. During the COVID-19 pandemic, they implemented a hybrid learning model, which helped them improve their technology integration and invest in resources to ensure students and staff have the necessary tools for success.
Official website here: www.chitech.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating) from Charity Navigator.
Chicago Tech Academy has received an impressive Four-Star rating from Charity Navigator, highlighting its strong commitment to accountability and financial transparency. The organization achieved a perfect score in several key areas, including independent board membership and financial oversight, indicating a robust governance structure and responsible management of resources.
The fiscal responsibility of Chicago Tech Academy is evident in its high program expense ratio of 83.45%, demonstrating that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, the organization maintains a solid liabilities-to-assets ratio of 17.48%, which suggests a healthy financial position and minimal risk.
While the data indicates strong performance in governance and financial management, there are no notable limitations mentioned in the feedback. Overall, Chicago Tech Academy stands out as a well-managed nonprofit dedicated to fulfilling its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Chicago Tech Academy legitimate?
Chicago Tech Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chicago Tech Academy 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: $212,612
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,797,282
For more financial information, click here
Official website here: www.chitech.org
What is the mission statement of Chicago Tech Academy?
Chicago Tech Academy's mission is to educate, empower, and connect a diverse group of entrepreneurial-minded students, enabling them to discover their passions, excel in higher education, and succeed in their careers in the digital world. The academy fosters a deeper, evidence-based education through project-based learning, incorporates a college preparatory curriculum to cultivate critical thinking and intellectual curiosity, and creates a collaborative learning environment that encourages students to explore the best ways they learn. The institution aims to develop students into leaders and lifelong learners by partnering with the local tech community and offering networking and internship opportunities. Ultimately, Chicago Tech Academy seeks to graduate confident, connected learners who take responsibility for their lives and contribute positively to their community. The academy remains the only wall-to-wall project-based learning high school in Chicago Public Schools, emphasizing the development of critical thinking, creativity, communication, and collaboration skills to prepare students for the digital jobs of the future.
Official website here: www.chitech.org
Who is the CEO of Chicago Tech Academy?
Terry Howerton is the Chair of Chicago Tech Academy.
Official website here: www.chitech.org
What is the revenue of Chicago Tech Academy?
Chicago Tech Academy's revenue in 2022 was $6,579,501.
Official website here: www.chitech.org
Who are the executives of Chicago Tech Academy and what are their salaries?
The average compensation at Chicago Tech Academy during 2022 was $48,547. There are 62 employees and 125 volunteers at Chicago Tech Academy.
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Official website here: www.chitech.org
Where can I find the form 990 for Chicago Tech Academy?
Chicago Tech Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chitech.org
Learn more at the official website: www.chitech.org
Mission Statement of Chicago Tech Academy
Chicago Tech Academy is committed to educating, empowering, and connecting a diverse group of entrepreneurial thinkers, aiming to help them discover their passions, succeed in higher education, and thrive in the digital world. The organization believes in a project-based learning approach, encouraging a deeper, connected form of evidence-based education. They also foster critical thinking and intellectual curiosity through their integrated college preparatory curriculum.
Chicago Tech Academy creates and sustains a collaborative teaching and learning environment, exploring and refining the ways students learn best. The institution aims to develop leaders and lifelong learners by partnering with the Chicago tech community. They encourage students to establish meaningful relationships with peers, faculty, and the business community through networking and internship opportunities.
The school's mission is to graduate entrepreneurial-minded, fearless, confident, and connected learners who take responsibility for their lives and give back to their community. Chicago Tech Academy remains the only wall-to-wall project-based learning high school in Chicago Public Schools, emphasizing the development of critical thinking, creativity, communication, and collaboration skills to prepare its students for the digital jobs of the future. The institution has also embraced a hybrid learning model, integrating technology and investing in resources to ensure all students and staff have the necessary technology hardware and access to succeed.
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Impact
October, 2024
Chicago Tech Academy significantly impacts its students by nurturing entrepreneurial thinking and fostering a passion for continued learning. Through a project-based learning approach, students engage in a deep, connected form of education that enhances critical thinking and intellectual curiosity. This integrated college preparatory curriculum equips them with essential skills for the digital age, such as creativity, communication, and collaboration.
By creating a collaborative teaching environment, the academy allows students to explore their learning styles while undertaking real-world projects that prepare them for future careers. The emphasis on partnerships with the Chicago tech community provides students with networking opportunities and internships, enabling them to build meaningful relationships with peers, faculty, and professionals.
The academy’s focus on developing confident, accountable learners cultivates a sense of responsibility in its graduates, who are encouraged to give back to their communities. As the only wall-to-wall project-based learning high school within Chicago Public Schools, Chicago Tech Academy remains committed to preparing its students for the evolving landscape of digital jobs. The hybrid learning model implemented allows for adaptability, ensuring that both in-person and remote students receive the resources necessary for success. Overall, Chicago Tech Academy serves as a catalyst for students to discover their passions and thrive academically and personally in a dynamic, digital world.
This information is meant to be a general summary of Chicago Tech Academy. 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: $25,792
- Gross Receipts: $6,579,501
Assets and Liabilities:
- Total Assets: $2,658,345
- Total Liabilities: $600,835
- Net Assets: $2,057,510
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT FEES
Revenue
$25,792
Organization Details
Founding Year
2007
Phone
(773) 534-7755Principal Officer
Terry Howerton
Main Address
1301 W 14TH ST, CHICAGO, IL, 60608
Website
www.chitech.orgNTEE Category
Code: B20 - Education
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