Overview
What is I Car Education Foundation?
The I Car Education Foundation is a non-profit organization situated at 5125 Trillium Blvd, Hoffman Estates, Illinois, 60192. Committed to supporting secondary and post-secondary automotive collision training programs, the Foundation raises funds and distributes grants. Their grant programs directly benefit collision repair schools, students, and instructors, providing scholarships, curriculum product purchases, instructor continuing education, and tool and equipment acquisitions. This includes grants funded through both unrestricted and temporarily restricted donations from the collision industry. The I Car Education Foundation's mission is to develop qualified, entry-level collision repair employees and connect them with a variety of career opportunities.
Official website here: www.collisioneducationfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)
The I Car Education Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial stability. The foundation's score is derived entirely from its Accountability & Finance metrics, showcasing a commitment to transparency and effective management of resources. With a perfect score in several key areas, the organization demonstrates strong oversight and governance practices.
Strengths of the I Car Education Foundation include an entirely independent board, rigorous audit processes, and adherence to policies that safeguard against conflicts of interest. The organization has successfully maintained a low percentage of liabilities in relation to its assets, which reflects prudent financial management. With a high program expense ratio of 94.15%, it is evident that most of the funds are directed towards fulfilling its mission.
While the foundation's metrics reflect exceptional performance, potential donors and stakeholders might consider looking for qualitative feedback on the impact of their programs and services. The financial ratios are impressive, but understanding the tangible outcomes of their educational initiatives could provide a more comprehensive view of their effectiveness. Overall, the I Car Education Foundation stands out for its robust financial practices and governance.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about I Car Education Foundation?
96% of 80 reviewers on Facebook recommend the I Car Education Foundation. Here’s a summary of their reviews:
The majority of reviewers express immense appreciation for the foundation’s contributions to vocational education, particularly in Auto Collision repair. Many highlight the positive impact of the foundation on schools and students, suggesting that their programs significantly enhance educational opportunities in the automotive field.
Overall, it’s clear that the organization is highly valued within the community it serves. Users feel grateful for the resources and support provided, often emphasizing the remarkable efforts the foundation puts forth to improve vocational training and skill development in this sector.
This AI summary has been generated from reviews found on Facebook.
Is I Car Education Foundation legitimate?
I Car Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. I Car Education 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: $135,726
Professional Fundraising Fees: $0
Other Salaries and Wages: $274,245
For more financial information, click here
Official website here: www.collisioneducationfoundation.org
What is the mission statement of I Car Education Foundation?
The I Car Education Foundation is a non-profit organization committed to backing secondary and post-secondary automotive collision training programs. Through fundraising and grants, they aim to cultivate qualified, entry-level employees and connect them with numerous career opportunities within the industry. The foundation administers various grant programs to support collision repair schools, students, and instructors. These grants finance student scholarships, curriculum product acquisitions, instructor continuing education, and tool and equipment purchases. Additionally, the organization facilitates grants funded by donations from the collision industry.
Official website here: www.collisioneducationfoundation.org
Who is the CEO of I Car Education Foundation?
Brandon Eckenrode is the Trustee of I Car Education Foundation.
Official website here: www.collisioneducationfoundation.org
What is the revenue of I Car Education Foundation?
I Car Education Foundation's revenue in 2022 was $11,863,252.
Official website here: www.collisioneducationfoundation.org
Who are the executives of I Car Education Foundation and what are their salaries?
The average compensation at I Car Education Foundation during 2022 was $81,994. There are 5 employees and 50 volunteers at I Car Education Foundation.
Here are 23 key members and their salaries:
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- Compensation: $119,807
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- Other: $15,919
Official website here: www.collisioneducationfoundation.org
Where can I find the form 990 for I Car Education Foundation?
I Car Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.collisioneducationfoundation.org
Learn more at the official website: www.collisioneducationfoundation.org
Mission Statement of I Car Education Foundation
The I Car Education Foundation is a non-profit organization with a mission to support secondary and post-secondary automotive collision training programs. Through fundraising and grants, the Foundation aims to create qualified, entry-level employees in the collision repair industry and connect them with various career opportunities.
The I Car Education Foundation plays a pivotal role in the collision repair educational sector. It administers grant programs throughout the year to support schools, students, and instructors. These grants provide essential funding for student scholarships, curriculum product purchases, instructor continuing education, and tool and equipment acquisitions. The organization also manages grant programs fueled by unrestricted and temporarily restricted donations from the collision industry.
By investing in the future of the collision repair workforce, the I Car Education Foundation is dedicated to ensuring the industry remains innovative and equipped with skilled professionals. With a commitment to education and a focus on career development, the Foundation is an essential partner in the collision repair industry's growth and evolution.
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Impact
October, 2024
The I Car Education Foundation significantly impacts the automotive collision repair industry by enhancing educational opportunities and fostering career readiness among students. Through its grants, the Foundation supports collision repair schools, providing essential funding for student scholarships, curriculum materials, instructor training, and necessary tools and equipment. This financial assistance enables schools to upgrade their educational offerings and ensures that instructors have access to the latest industry knowledge.
By investing in secondary and post-secondary training programs, the Foundation helps create a pipeline of qualified, entry-level employees equipped with the skills needed to succeed in the workforce. The initiatives not only improve the quality of education available to aspiring collision repair professionals but also strengthen the overall workforce in the automotive industry. This holistic approach connects students with diverse career opportunities, while also benefiting the community by cultivating a skilled labor force crucial for the industry's growth and sustainability.
This information is meant to be a general summary of I Car Education 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $75,468
- Gross Receipts: $12,321,088
Assets and Liabilities:
- Total Assets: $6,430,479
- Total Liabilities: $211,966
- Net Assets: $6,218,513
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Organization Details
Founding Year
1990
Phone
(847) 590-1198Principal Officer
Brandon Eckenrode
Main Address
5125 TRILLIUM BLVD, HOFFMAN ESTATES, IL, 60192
NTEE Category
Code: S024 - Community improvement
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