Overview
What is Triad Educational Services Inc?
Triad Educational Services Inc is a small nonprofit organization based in Cary, North Carolina. Their primary mission is to support charter schools operating in the state by providing facilities and maintenance services. Specifically, they oversee the upkeep of Triad Math and Science Academy and Triangle Math and Science Academy, two charter schools located within North Carolina. With a limited workforce of just one individual, Triad Educational Services Inc plays a crucial role in ensuring these educational institutions can function optimally.
Official website here: www.tesnc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
Triad Educational Services Inc has received a Two-Star rating from Charity Navigator, indicating potential concerns regarding its financial practices and organizational governance. The organization scores well in areas such as board composition, with 100% of board members being independent, and demonstrates strong financial oversight with no material diversion of assets identified. However, the organization has notable gaps in its policies, specifically the absence of a whistleblower policy and a document retention policy.
Financially, the organization has a high program expense ratio, indicating that a significant portion of its resources is directed towards its programs. However, the liabilities to assets ratio highlights potential solvency concerns, as it exceeds 100%. This suggests that the organization may have more liabilities than assets, which could impact its financial stability in the long term.
Overall, while Triad Educational Services Inc shows strengths in governance and program funding, the lack of critical policies and its concerning financial ratios warrant a closer examination for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Triad Educational Services Inc legitimate?
Triad Educational Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Triad Educational Services Inc 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: $71,109
For more financial information, click here
Official website here: www.tesnc.org
What is the mission statement of Triad Educational Services Inc?
Triad Educational Services Inc's primary role is to offer facilities for the operation of charter schools. Specifically, they have provided facilities and maintenance services for two charter schools, Triad Math and Science Academy and Triangle Math and Science Academy, located in North Carolina. While the provided information does not detail a specific mission statement, one could infer that their mission is to support the educational needs of these charter schools by providing them with necessary facilities and services. However, without explicit data, it's challenging to provide a comprehensive mission statement.
Official website here: www.tesnc.org
Who is the CEO of Triad Educational Services Inc?
Dr Ahmet Bozdag is the President of Triad Educational Services Inc.
Official website here: www.tesnc.org
What is the revenue of Triad Educational Services Inc?
Triad Educational Services Inc's revenue in 2022 was $5,915,716.
Official website here: www.tesnc.org
Who are the executives of Triad Educational Services Inc and what are their salaries?
The average compensation at Triad Educational Services Inc during 2022 was $71,109. There is 1 employee at Triad Educational Services Inc.
Here are 4 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
Official website here: www.tesnc.org
Where can I find the form 990 for Triad Educational Services Inc?
Triad Educational Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tesnc.org
Learn more at the official website: www.tesnc.org
Mission Statement of Triad Educational Services Inc
Triad Educational Services Inc, as stated in the provided information, is dedicated to providing facilities for charter schools operating within North Carolina. This mission is centered around ensuring that these educational institutions have the necessary infrastructure to thrive. The organization has taken concrete steps towards fulfilling this mission, maintaining the facilities and grounds of two charter schools specifically, Triad Math and Science Academy and Triangle Math and Science Academy, located within North Carolina. By offering these services, Triad Educational Services Inc plays a significant role in supporting the learning environment and the overall success of these charter schools.
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Impact
October, 2024
Triad Educational Services Inc significantly enhances educational opportunities in North Carolina by providing essential facilities for charter schools like Triad Math and Science Academy and Triangle Math and Science Academy. By ensuring that these schools have well-maintained grounds and adequate infrastructure, Triad Educational Services creates a conducive learning environment that fosters academic achievement and growth. This support facilitates innovative teaching methods and enhances student engagement, ultimately contributing to the broader educational landscape in the region. The organization's commitment to maintaining high-quality facilities allows these charter schools to thrive and serve their communities effectively.
This information is meant to be a general summary of Triad Educational Services Inc. 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: $6,072
- Program Service Revenue: $2,088,662
- Gross Receipts: $5,915,716
Assets and Liabilities:
- Total Assets: $65,312,732
- Total Liabilities: $68,126,634
- Net Assets: -$2,813,902
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,808,610
SERVICE REVENUE
Revenue
$280,052
Organization Details
Founding Year
2010
Phone
(919) 882-1516Principal Officer
Dr Ahmet Bozdag
Main Address
104 TOWERVIEW COURT, CARY, NC, 27513
Website
www.tesnc.orgNTEE Category
Code: B19 - Education
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