Overview
What is Regional Technical Education Center Inc?
Regional Technical Education Center Inc, located in Yankton, South Dakota, is a nonprofit organization that specializes in designing, marketing, and delivering technical training courses. Serving the southeastern region of South Dakota and northeastern Nebraska, this organization caters to various industries, including manufacturers and the healthcare sector. Its mission is to provide high-quality, affordable technical education and training opportunities, aiming to empower individuals to secure and maintain employment. With a team of 7 dedicated professionals, Regional Technical Education Center Inc plays a crucial role in enhancing the skills of its community members, contributing to their professional growth and the local economy.
Official website here: www.rtecedu.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement)
Regional Technical Education Center Inc has received a two-star rating from Charity Navigator, indicating that it requires improvement in certain operational areas. The organization scored 69% overall, reflecting strengths in board independence and financial oversight, with a fully independent board and no recorded material diversion of assets. However, there are significant gaps in accountability measures, such as missing conflict of interest and whistleblower policies.
The nonprofit's financial statements demonstrate a solid liabilities-to-assets ratio of 26.90%, which suggests reasonable financial stability. Despite this, the program expense ratio stands at 54.57%, indicating that a notable portion of its expenses may not be directed towards its core mission. This raises questions about the efficiency of resource allocation.
To enhance its standing, Regional Technical Education Center Inc should prioritize the development and implementation of accountability policies and improve its program expenditure. Addressing these areas can help bolster its financial health and operational transparency, potentially leading to a higher rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Regional Technical Education Center Inc legitimate?
Regional Technical Education Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Regional Technical Education Center 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: $86,672
Professional Fundraising Fees: $0
Other Salaries and Wages: $135,226
For more financial information, click here
Official website here: www.rtecedu.org
What is the mission statement of Regional Technical Education Center Inc?
The Regional Technical Education Center Inc is committed to providing high-quality, affordable technical education and training opportunities. This initiative aims to enhance the abilities of individuals, enabling them to secure and maintain employment. The organization designs, markets, and delivers technical training courses tailored to meet the needs of various industries, such as manufacturers, healthcare, and others, in southeastern South Dakota and northeastern Nebraska.
Official website here: www.rtecedu.org
Who is the CEO of Regional Technical Education Center Inc?
Monte Gulick is the General Mana of Regional Technical Education Center Inc.
Official website here: www.rtecedu.org
What is the revenue of Regional Technical Education Center Inc?
Regional Technical Education Center Inc's revenue in 2022 was $517,822.
Official website here: www.rtecedu.org
Who are the executives of Regional Technical Education Center Inc and what are their salaries?
The average compensation at Regional Technical Education Center Inc during 2022 was $31,700. There are 7 employees and 15 volunteers at Regional Technical Education Center Inc.
Here are 16 key members and their salaries:
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- Other: $6,131
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Official website here: www.rtecedu.org
Where can I find the form 990 for Regional Technical Education Center Inc?
Regional Technical Education Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rtecedu.org
Learn more at the official website: www.rtecedu.org
Mission Statement of Regional Technical Education Center Inc
Regional Technical Education Center Inc, a nonprofit organization, is committed to providing high-quality, affordable technical education and training opportunities. Its mission is to enhance the capabilities of individuals, enabling them to secure and maintain employment. The institution achieves this by designing, marketing, and delivering technical training courses tailored to meet the needs of various industries, such as manufacturers and the healthcare sector, in southeastern South Dakota and northeastern Nebraska.
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Impact
July, 2024
Regional Technical Education Center Inc's impact is significant in providing high-quality, affordable technical education and training opportunities to individuals in Southeastern South Dakota and Northeastern Nebraska. By designing, marketing, and delivering technical training courses tailored to the needs of manufacturers, the healthcare industry, and other organizations, this organization plays a crucial role in enhancing the abilities of individuals to secure and maintain employment. Through its mission to offer accessible education and training, Regional Technical Education Center Inc contributes to advancing workforce development and economic growth in the region.
This information is meant to be a general summary of Regional Technical Education Center 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: $506
- Program Service Revenue: $487,815
- Gross Receipts: $517,822
Assets and Liabilities:
- Total Assets: $333,994
- Total Liabilities: $89,846
- Net Assets: $244,148
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INDIVIDUAL TRAINING
Revenue
$475,654
OTHER PROGRAM INCOME
Revenue
$11,711
RENTAL INCOME
Revenue
$450
Organization Details
Founding Year
2004
Phone
(605) 668-5700Principal Officer
Monte Gulick
Main Address
1200 WEST 21ST STREET, YANKTON, SD, 57078
Website
www.rtecedu.orgNTEE Category
Code: B90 - Education
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