Overview
What is Alteco?
Alteco is a nonprofit organization situated in Denver, Colorado, dedicated to supporting and empowering the over 400 indigenous tribes in the Amazon Basin and lowlands of South America. Alteco collaborates with Christian individuals and organizations to foster holistic development in the areas of spiritual guidance, education, health, human rights, economic development, and capacity building for these tribes. By partnering with key tribal leaders, Alteco aims to promote sustainable progress. The organization collects and distributes donations to those working in South America, ultimately helping to spread the Great Commission with the tribes in the Amazon River and lowland regions, glorifying Jesus Christ.
Official website here: www.alteco.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, earning it a Two-Star out of Four Star rating.
Alteco has a moderate rating which reflects its strengths in governance and financial management. The organization boasts a fully independent board, scoring 100% on the majority of board members being independent and achieving a perfect score in board size. Additionally, they demonstrate strong accountability with a high program expense ratio of 85.44%, indicating that a significant portion of their funds are directed towards their programs.
However, the rating also highlights several areas of concern. The lack of financial statements and missing policies such as conflict of interest and documentation of board meeting minutes resulted in lower scores in those categories. Furthermore, the absence of a website listed on their tax form and the failure to maintain comprehensive financial documentation suggest a need for improved transparency and adherence to best practices in nonprofit governance.
This AI summary has been generated from information found on Charity Navigator.
Is Alteco legitimate?
Alteco is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alteco 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: $162,140
Professional Fundraising Fees: $0
Other Salaries and Wages: $54,256
For more financial information, click here
Official website here: www.alteco.org
What is the mission statement of Alteco?
Alteco's mission is centered around empowering the tribal church in the Amazon River and lowland regions of South America. Their objective is to aid these churches in spreading the Christian message, known as the Great Commission, to the various tribes in the region, all in the glory of Jesus Christ. Alteco collaborates with other Christian individuals and organizations to focus on the holistic development of the over 400 tribal nations in the Amazon Basin and lowlands of South America. Through interactions with key tribal leaders, Alteco strives to foster sustainable progress in areas such as spiritual guidance, education, health, human rights, economic development, and capacity building. To support this work, Alteco collects and distributes donations to individuals operating in South America.
Official website here: www.alteco.org
What is the revenue of Alteco?
Alteco's revenue in 2023 was $578,216.
Official website here: www.alteco.org
Who are the executives of Alteco and what are their salaries?
The average compensation at Alteco during 2023 was $54,099. There are 4 employees and 50 volunteers at Alteco.
Here are 6 key members and their salaries:
- Compensation: $75,900
- Related: $0
- Other: $36,740
- Compensation: $11,000
- Related: $0
- Other: $38,500
- 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.alteco.org
Where can I find the form 990 for Alteco?
Alteco's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.alteco.org
Learn more at the official website: www.alteco.org
Mission Statement of Alteco
Alteco, a nonprofit organization, is committed to empowering the tribal church in the Amazon River and lowland regions of South America. Their mission is to facilitate the spread of the Great Commission among the tribes of the region, ultimately glorifying Jesus Christ. Alteco collaborates with various Christian individuals and organizations to achieve holistic development in the lives of the over 400 tribal nations residing in the Amazon Basin and lowlands of South America.
Through regular interaction with key tribal leaders, Alteco strives to promote sustainable progress in various sectors, including spiritual guidance, education, health, human rights, economic development, and capacity building. The organization collects and distributes donations aimed at supporting individuals working towards these goals in South America. By fulfilling this mission, Alteco seeks to contribute to the betterment of the tribal communities and the promotion of their religious beliefs.
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Impact
August, 2024
Alteco's impact is significant in empowering the tribal church in the Amazon River and lowland regions of South America to spread the Great Commission with the tribes of the region to the glory of Jesus Christ. Through partnerships with other Christian individuals and organizations, Alteco focuses on the holistic development of over 400 tribal nations in the Amazon Basin and lowlands of South America. By engaging with key tribal leaders, Alteco works towards sustainable progress in areas such as spiritual guidance, education, health, human rights, economic development, and capacity building. The organization collects and distributes donations to support the individuals carrying out this work in South America.
This information is meant to be a general summary of Alteco. 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 2023.
- Investment Income: $4,561
- Program Service Revenue: $57,751
- Gross Receipts: $578,216
Assets and Liabilities:
- Total Assets: $200,945
- Total Liabilities: $200,334
- Net Assets: $611
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$57,751
Organization Details
Founding Year
2006
Principal Officer
Phillip Goddard
Website
www.alteco.orgNTEE Category
Code: X20 - Religion related
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