Overview
What is Asteme Learning Center Inc?
Asteme Learning Center Inc, located in Los Angeles, California, is a nonprofit organization dedicated to the development and operation of centers that specialize in the teaching of applied mathematics. Their mission revolves around establishing educational facilities where individuals can learn and apply mathematical concepts in practical scenarios. The specifics of their activities and mission remain focused on this primary objective, ensuring a comprehensive and hands-on approach to mathematics education.
Official website here: www.asteme.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
Asteme Learning Center Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score of 58% reflects a lack of independent board members and poor financial statement management, which are critical factors in ensuring transparency and governance in nonprofit organizations.
Despite these issues, Asteme Learning Center shows strength in its program expense ratio, with 95.85% of its expenses directed toward its programs, indicating a strong commitment to its mission. Additionally, the organization has successfully maintained a low liabilities to assets ratio, demonstrating effective management of its financial obligations.
However, the charity's shortcomings in board independence, conflict of interest policies, and basic governance practices are notable limitations that potential donors should consider. The absence of these vital policies may impact the organization's long-term sustainability and integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Asteme Learning Center Inc legitimate?
Asteme Learning Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asteme Learning 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $498,152
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Official website here: www.asteme.com
What is the mission statement of Asteme Learning Center Inc?
Asteme Learning Center Inc's mission is centered around developing and managing educational facilities, focusing on the teaching of applied mathematics. Their primary objective is to establish and run these centers, thereby contributing to the cultivation of mathematical skills in a practical context. By providing such an environment, they aim to equip individuals with the necessary mathematical tools to tackle real-world problems effectively. The center's activities primarily revolve around the instruction of applied mathematics, ensuring a comprehensive understanding of the subject for its students.
Official website here: www.asteme.com
Who is the CEO of Asteme Learning Center Inc?
Allan Yu is the Executive Director of Asteme Learning Center Inc.
Official website here: www.asteme.com
What is the revenue of Asteme Learning Center Inc?
Asteme Learning Center Inc's revenue in 2021 was $1,424,302.
Official website here: www.asteme.com
Who are the executives of Asteme Learning Center Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.asteme.com
Where can I find the form 990 for Asteme Learning Center Inc?
Asteme Learning Center Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.asteme.com
Learn more at the official website: www.asteme.com
Mission Statement of Asteme Learning Center Inc
Asteme Learning Center Inc, as stated in its mission, is committed to developing and operating centers dedicated to the teaching of applied mathematics. This mission is a testament to the organization's dedication to fostering an educational environment that incorporates the practical application of mathematical concepts. By operating these centers, Asteme Learning Center Inc aims to provide a platform for individuals to deepen their understanding of mathematics, enabling them to apply these concepts in real-world scenarios. The organization's mission is a proactive step towards promoting mathematical literacy and fostering a generation that can leverage mathematical concepts for problem-solving and innovation.
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Impact
July, 2024
Asteme Learning Center Inc has had a significant impact on the community by providing innovative and practical education in the field of applied mathematics. By developing and operating centers dedicated to teaching applied mathematics, the organization has helped students enhance their critical thinking skills, problem-solving abilities, and overall understanding of mathematical concepts. Through its mission to promote the learning of applied mathematics, Asteme Learning Center Inc is equipping individuals with valuable skills that can benefit them both academically and professionally. By focusing on this specific niche, the organization is making a tangible difference in education and skill development in the city of Los Angeles and beyond.
This information is meant to be a general summary of Asteme Learning 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 2021.
- Program Service Revenue: $1,367,811
- Gross Receipts: $1,424,302
Assets and Liabilities:
- Total Assets: $619,715
- Total Liabilities: $171,660
- Net Assets: $448,055
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MATH PROGRAM
Revenue
$1,367,811
Organization Details
Founding Year
2015
Phone
(310) 714-2366Principal Officer
Allan Yu
Main Address
9854 NATIONAL BLVD 1008, LOS ANGELES, CA, 90034
Website
www.asteme.comNTEE Category
Code: B90 - Education
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