Overview
What is Tech Collective-Workforce Development Fund Inc?
Tech Collective-Workforce Development Fund Inc, doing business as Tech Collective, is a nonprofit organization situated in Providence, Rhode Island. With a team of five dedicated individuals, its primary mission is to foster technology education and workforce development in the region. The organization achieves this by forging partnerships with local high schools and colleges, offering career mentoring, advisory boards, and other educational resources to train students in the technology sector. This initiative aims to promote technological advancement and workforce preparedness in Rhode Island.
Official website here: www.tech-collective.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (58%)
Tech Collective-Workforce Development Fund Inc has received a low rating of 58% from Charity Navigator, resulting in a One-Star rating. This indicates potential concerns regarding the organization’s accountability and financial practices. While it boasts a fully independent board and high program expense ratio, the absence of key documents such as financial statements and a whistleblower policy raises red flags.
The organization performs well in areas related to governance, with a complete independent board, and it also shows a strong commitment to its programs, as indicated by its high program expense ratio of 94.60%. However, the lack of transparency surrounding financial statements and missing policies for document retention and whistleblower protections could hinder trust and accountability.
Overall, while Tech Collective demonstrates some strengths in governance and program focus, the gaps in financial documentation and policies may limit its effectiveness and public confidence. Stakeholders may want to consider these factors when assessing the organization’s overall impact and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Tech Collective-Workforce Development Fund Inc legitimate?
Tech Collective-Workforce Development Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tech Collective-Workforce Development Fund 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:
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Other Salaries and Wages: $230,140
For more financial information, click here
Official website here: www.tech-collective.org
What is the mission statement of Tech Collective-Workforce Development Fund Inc?
Tech Collective, known as Tech Collective-Workforce Development Fund Inc D/B/A, is committed to promoting technology education and workforce development in the technology sector. Their mission is to foster technology education and workforce development, aiming to prepare students for careers in this field. They establish educational partnerships with local high schools and colleges, offering career mentoring, advisory boards, and other resources to educate and train students in technology.
Official website here: www.tech-collective.org
What is the revenue of Tech Collective-Workforce Development Fund Inc?
Tech Collective-Workforce Development Fund Inc's revenue in 2021 was $733,752.
Official website here: www.tech-collective.org
Who are the executives of Tech Collective-Workforce Development Fund Inc and what are their salaries?
The average compensation at Tech Collective-Workforce Development Fund Inc during 2021 was $46,028. There are 5 employees at Tech Collective-Workforce Development Fund Inc.
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Official website here: www.tech-collective.org
Where can I find the form 990 for Tech Collective-Workforce Development Fund Inc?
Tech Collective-Workforce Development Fund Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.tech-collective.org
Learn more at the official website: www.tech-collective.org
Mission Statement of Tech Collective-Workforce Development Fund Inc
Tech Collective, known as Tech Collective-Workforce Development Fund Inc D/B/A Tech Collective, is dedicated to promoting technology education and workforce development in Rhode Island. This nonprofit organization's mission is to foster a thriving technology sector by establishing educational partnerships with local high schools and colleges. They offer career mentoring, advisory boards, and other resources to train and educate students in the technology field. By doing so, Tech Collective aims to equip the future workforce with the necessary skills to thrive in the ever-evolving technology industry.
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Impact
July, 2024
Tech Collective's impact stems from its focused efforts to promote technology education and workforce development in Rhode Island. By forging educational partnerships with area high schools and colleges, the organization is able to provide career mentoring, advisory boards, and other initiatives to train and educate students in the technology field. Through these initiatives, Tech Collective plays a key role in preparing individuals for careers in the ever-evolving technology sector, ultimately contributing to the growth and innovation of Rhode Island's workforce.
This information is meant to be a general summary of Tech Collective-Workforce Development Fund 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.
- Investment Income: $2
- Program Service Revenue: $314,423
- Gross Receipts: $733,752
Assets and Liabilities:
- Total Assets: $85,338
- Total Liabilities: $66,712
- Net Assets: $18,626
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$190,504
MEMBERSHIP SERVICES
Revenue
$123,919
Organization Details
Founding Year
2004
Principal Officer
Oscar Hebert
Website
www.tech-collective.orgNTEE Category
Code: B123 - Education
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