Atc Foundation

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

EIN: 300327561 ✦ Santa fe, NM ✦ Designated as a 501(c)(3)

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Overview

What is Atc Foundation?

The Atc Foundation is a charitable organization, headquartered at 411 St. Michael's Drive Suite 6, Santa Fe, New Mexico 87505. Its primary mission is to support the Academy for Technology and the Classics, a New Mexico charter school, through funding for educational projects and activities. The Atc Foundation operates exclusively for the benefit of this school, its students, and staff, aiming to provide education and related services.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 1-Star out of Four Stars (58%)

The ATC Foundation has received a low rating of 58%, earning it a one-star designation. This rating reflects significant concerns in accountability and financial transparency. While the organization scores well on independent board governance and has no material diversion of assets, it falls short in several key policies, such as the absence of a conflict of interest policy, whistleblower policy, and proper documentation practices.

Strengths include a high program expense ratio of 87.86%, indicating that a substantial portion of its expenditures is directed towards its programs. This suggests that the foundation is effective in utilizing its resources for its intended charitable purposes. However, the lack of essential policies and missing documents on its website raises concerns about the organization’s governance practices and overall transparency.

Potential donors and stakeholders may want to consider these limitations when evaluating the ATC Foundation. The absence of important governance policies and documentation might pose risks in terms of accountability and trust, which are critical for a nonprofit organization seeking community support.


This AI summary has been generated from information found on Charity Navigator.

Is Atc Foundation legitimate?

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

For more financial information, click here

What is the mission statement of Atc Foundation?

The Atc Foundation is established to support the Academy of Technology and the Classics, a New Mexico charter school. Its mission is to contribute financially to educational projects and activities within the school, aiming to enhance the learning experience for its students and staff. The foundation operates exclusively for the benefit of this academic institution, providing it with the necessary resources to deliver quality education and related services.

Who is the CEO of Atc Foundation?

John Thorp is the Board Member of Atc Foundation.

What is the revenue of Atc Foundation?

Atc Foundation's revenue in 2023 was $139,227.

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


Here are 3 key members and their salaries:


Greg Hoehne (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shannon Hale (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Thorp (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Atc Foundation?

Atc Foundation's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Atc Foundation

The Atc Foundation, as an organization, is dedicated to supporting the Academy of Technology and the Classics, a New Mexico charter school. Its primary mission is to contribute financially towards educational projects and activities for this institution, benefiting both its students and staff. The Atc Foundation operates with the exclusive aim of enhancing the educational experience and related services within the Academy of Technology and the Classics.

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Impact




October, 2024

Atc Foundation profoundly impacts the educational landscape by providing crucial support to the Academy of Technology and the Classics in Santa Fe, NM. Through its funding, it enhances educational projects and activities that benefit students and staff alike. The foundation plays a vital role in promoting innovative learning experiences, ensuring that the Academy can offer quality education tailored to the needs of the community it serves. By focusing on the unique needs of the Academy, it empowers students to thrive and succeed in their academic pursuits, contributing to their overall development and well-being. This support fosters a rich educational environment, helping to prepare the students for future challenges and opportunities.




This information is meant to be a general summary of Atc 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
$139,227 (2023)
Expenses
$205,930 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $218
  • Gross Receipts: $294,728

Assets and Liabilities:

  • Total Assets: $4,137,243
  • Total Liabilities: $3,129,205
  • Net Assets: $1,008,038

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Organization Details

Founding Year

2005

Principal Officer

John Thorp

Main Address

C/O 411 ST MICHAELS DRIVE SUITE 6, SANTA FE, NM, 87505

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