Overview
What is Virginia Technical Institute?
Virginia Technical Institute is a nonprofit organization situated in Altavista, Virginia, with an address at 201 Ogden Rd, VA 24517. The primary mission of this institution is to offer practical, hands-on training in various technical occupations. With a team of approximately 33 employees, they have served around 500 individuals by providing them with the necessary skills to excel in their respective fields. The organization's main objective is to empower individuals by offering them the opportunity to gain hands-on experience in numerous technical sectors.
Official website here: www.govti.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
Virginia Technical Institute has demonstrated solid performance in several key areas of accountability and finance, notably achieving a high score of 75.15% in program expenses, indicating that the majority of its resources are directed towards its mission. Additionally, the organization boasts a fully independent board, which is essential for effective governance and oversight. The absence of any material diversion of assets further reflects a commitment to financial integrity.
However, the organization has notable shortcomings that have affected its overall rating. It lacks critical policies such as a whistleblower policy and a document retention policy, which are important for transparency and ethical management. Furthermore, the nonprofit has not posted its tax form on its website, limiting public access to its financial details. These factors have contributed to its overall Two-Star rating, suggesting that while there are strengths, there is room for improvement in governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Technical Institute legitimate?
Virginia Technical Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Technical Institute 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:
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Other Salaries and Wages: $399,781
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Official website here: www.govti.org
What is the mission statement of Virginia Technical Institute?
Virginia Technical Institute's primary mission is focused on offering individuals the chance to acquire practical skills in various technical professions through hands-on training. The organization is dedicated to serving approximately 500 individuals, providing them with the necessary practical experience to excel in their chosen technical fields. By offering this hands-on training, Virginia Technical Institute aims to contribute to the development of a skilled workforce in these sectors.
Official website here: www.govti.org
Who is the CEO of Virginia Technical Institute?
Unavailable
Official website here: www.govti.org
What is the revenue of Virginia Technical Institute?
Virginia Technical Institute's revenue in 2023 was $798,353.
Official website here: www.govti.org
Who are the executives of Virginia Technical Institute and what are their salaries?
The average compensation at Virginia Technical Institute during 2023 was $12,115. There are 33 employees at Virginia Technical Institute.
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Official website here: www.govti.org
Where can I find the form 990 for Virginia Technical Institute?
Virginia Technical Institute's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.govti.org
Learn more at the official website: www.govti.org
Mission Statement of Virginia Technical Institute
Virginia Technical Institute, in its mission, aims to offer individuals an opportunity to acquire practical skills in various technical professions. By providing hands-on training, this organization seeks to equip individuals with the necessary tools to excel in their chosen fields. Approximately 500 individuals have benefited from these educational offerings.
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Impact
October, 2024
Virginia Technical Institute has a significant impact on the community by providing essential hands-on training in various technical occupations. By serving approximately 500 individuals, the institute empowers participants with the skills and knowledge needed to thrive in today's job market. Located in Altavista, VA, the organization focuses on creating opportunities for personal and professional growth, helping to bridge the gap between education and employment in technical fields. Through its mission, Virginia Technical Institute fosters a workforce that is well-equipped to meet the demands of various industries, ultimately contributing to local economic development and improving the quality of life for individuals and families in the region.
This information is meant to be a general summary of Virginia Technical Institute. 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: $1,786
- Program Service Revenue: $765,552
- Gross Receipts: $798,353
Assets and Liabilities:
- Total Assets: $3,148,455
- Total Liabilities: $77,477
- Net Assets: $3,070,978
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition and Fees
Revenue
$715,925
Trade Show
Revenue
$49,627
Organization Details
Founding Year
2009
Main Address
201 Ogden Rd, Altavista, VA, 24517
Website
www.govti.orgNTEE Category
Code: B30 - Education
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