Overview
What is Colorado Procurement Technical Assistanc?
Colorado Procurement Technical Assistance (Colorado PTAC) is a statewide nonprofit organization, operating under the Defense Logistics Agency's Procurement Technical Assistance Program (PTAP). Based in Colorado Springs, Colorado, the organization's primary mission is to support local businesses in starting, developing, and maturing their government contracting ventures across various industry sectors. With a team of 11 dedicated individuals, Colorado PTAC provides essential resources and guidance to help Colorado businesses navigate the complexities of government procurement, ultimately aiming to foster growth and success within this market.
Official website here: www.coloradoptac.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
The Colorado Procurement Technical Assistance organization has received a solid 81% rating, indicating a good level of accountability and financial health. The organization's rating is based entirely on its accountability and finance measures, reflecting strong governance and operational standards. With 100% independent board members and no material diversion of assets, this nonprofit demonstrates a commitment to integrity and transparency.
Strengths highlighted in the evaluation include a high program expense ratio of 97.10%, suggesting that the majority of its funds are directed towards its mission-related activities. Additionally, the presence of comprehensive policies, such as conflict of interest and whistleblower policies, further indicates a well-structured organization. The effective management of liabilities, with a ratio of 23.24%, reinforces its financial stability.
While the organization scores well overall, the rating points to areas for potential growth in engagement and outreach, which could enhance its impact further. Overall, the Colorado Procurement Technical Assistance organization appears to be a responsible nonprofit, effectively utilizing its resources to support its goals.
This AI summary has been generated from information found on Charity Navigator.
Is Colorado Procurement Technical Assistanc legitimate?
Colorado Procurement Technical Assistanc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorado Procurement Technical Assistanc 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: $127,779
Professional Fundraising Fees: $0
Other Salaries and Wages: $601,955
For more financial information, click here
Official website here: www.coloradoptac.org
What is the mission statement of Colorado Procurement Technical Assistanc?
The Colorado Procurement Technical Assistance (PTAC) is dedicated to supporting businesses in Colorado, assisting them in initiating, enhancing, and maturing their government contracting ventures across various industry sectors. This organization operates under the Defense Logistics Agency's Procurement Technical Assistance Program (PTAP), offering a state-wide program designed to aid businesses in navigating the complexities of government procurement.
Official website here: www.coloradoptac.org
Who is the CEO of Colorado Procurement Technical Assistanc?
Patrick Mcglew is the Member of Colorado Procurement Technical Assistanc.
Official website here: www.coloradoptac.org
What is the revenue of Colorado Procurement Technical Assistanc?
Colorado Procurement Technical Assistanc's revenue in 2022 was $1,038,092.
Official website here: www.coloradoptac.org
Who are the executives of Colorado Procurement Technical Assistanc and what are their salaries?
The average compensation at Colorado Procurement Technical Assistanc during 2022 was $66,339. There are 11 employees and 6 volunteers at Colorado Procurement Technical Assistanc.
Here are 8 key members and their salaries:
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- Compensation: $156,182
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- Compensation: $26,934
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Official website here: www.coloradoptac.org
Where can I find the form 990 for Colorado Procurement Technical Assistanc?
Colorado Procurement Technical Assistanc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.coloradoptac.org
Learn more at the official website: www.coloradoptac.org
Mission Statement of Colorado Procurement Technical Assistanc
Colorado Procurement Technical Assistance (Colorado PTAC) is dedicated to aiding Colorado-based businesses in the initiation, advancement, and maturation of their government contracting ventures across various industry sectors. The organization's mission is to provide essential support, resources, and guidance to these businesses, enabling them to effectively navigate the complex world of government procurement. Operating under the Defense Logistics Agency's Procurement Technical Assistance Program (PTAP), Colorado PTAC offers a comprehensive state-wide program designed to empower local businesses to successfully secure and manage government contracts.
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Impact
October, 2024
Colorado Procurement Technical Assistance significantly enhances the capabilities of local businesses in navigating government contracting. By providing resources and support, it facilitates the startup, development, and growth of companies across various industry sectors.
Operating statewide, Colorado PTAC helps businesses understand the complexities of federal, state, and local government procurement processes. It equips them with the necessary tools and knowledge to compete for government contracts, fostering an environment of growth and opportunity. This support not only boosts individual businesses but also strengthens the local economy by creating jobs and promoting community improvement. Through its comprehensive programs and expert guidance, Colorado PTAC plays a crucial role in enhancing the competitiveness and sustainability of Colorado businesses in the government contracting space.
This information is meant to be a general summary of Colorado Procurement Technical Assistanc. 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.
- Gross Receipts: $1,038,092
Assets and Liabilities:
- Total Assets: $235,307
- Total Liabilities: $54,701
- Net Assets: $180,606
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Organization Details
Founding Year
2009
Phone
(719) 667-3845Principal Officer
Patrick Mcglew
Main Address
559 EAST PIKES PEAK AVENUE 101, COLORADO SPRINGS, CO, 80903
Website
www.coloradoptac.orgNTEE Category
Code: S194 - Community improvement
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