Overview
What is Temech Inc Co Avi Schron?
Temech Inc Co Avi Schron is a nonprofit organization situated in New York City, specifically at 45 BROADWAY 25TH FL, NY 10006. Their primary mission is to assist unemployed and underemployed individuals by providing them with professional and vocational training, employment assistance, and job placement resources. Furthermore, the organization voluntarily supports charitable institutions that share the same purpose, and engages in any activities that further these objectives. Temech Inc Co Avi Schron seeks to alleviate unemployment and underemployment, ultimately contributing to the betterment of its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Stars
Temech Inc Co Avi Schron has received a One-Star rating from Charity Navigator, indicating significant areas for improvement in its accountability and financial practices. The charity has a high program expense ratio of 85.99%, suggesting that it allocates a substantial portion of its budget to its programs. However, the organization struggles with transparency, particularly due to the absence of financial statements, which has resulted in a low score in this area.
Strengths of Temech Inc include having a fully independent board with eight members, which demonstrates a commitment to unbiased governance. Additionally, the charity has implemented policies for conflict of interest and maintains proper documentation for board meeting minutes. These factors reflect a strong foundation for ethical operations and oversight.
Despite these positives, Temech Inc faces critical challenges. The lack of a whistleblower policy and the missing document retention protocols raise concerns about accountability practices. Furthermore, the liabilities to assets ratio of 664.42% signals potential financial instability, which could jeopardize the charity's sustainability and effectiveness in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Temech Inc Co Avi Schron legitimate?
Temech Inc Co Avi Schron is a legitimate nonprofit organization registered as a 501(c)(3) entity. Temech Inc Co Avi Schron 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.
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What is the mission statement of Temech Inc Co Avi Schron?
Temech Inc Co Avi Schron is an organization with a mission to support unemployed and underemployed individuals. This is achieved by soliciting and distributing funds to provide professional and vocational training, employment assistance, and job placement resources. Additionally, the organization voluntarily provides financial support to charitable institutions that share this purpose. The organization is also open to undertaking any activities that are incidental or connected to these objectives, in order to advance them further.
Who is the CEO of Temech Inc Co Avi Schron?
Avi Schron is the Director of Temech Inc Co Avi Schron.
What is the revenue of Temech Inc Co Avi Schron?
Temech Inc Co Avi Schron's revenue in 2022 was $723,745.
Who are the executives of Temech Inc Co Avi Schron and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Temech Inc Co Avi Schron?
Temech Inc Co Avi Schron's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Temech Inc Co Avi Schron
Temech Inc Co Avi Schron is an organization dedicated to supporting unemployed and underemployed individuals. Its mission involves two primary aspects. Firstly, the organization solicits and distributes funds to provide access to professional and vocational training, employment assistance, and job placement resources for those in need. This aim is to equip these individuals with the necessary skills and opportunities to enhance their employment prospects.
Secondly, Temech Inc Co Avi Schron voluntarily offers financial support to charitable institutions that align with its purpose. This includes institutions that provide similar resources and assistance to unemployed and underemployed individuals. Furthermore, the organization is open to any activities or actions that are incidental or connected to these primary purposes, aiming to advance them in any way possible.
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Impact
July, 2024
Temech Inc Co Avi Schron's impact lies in providing vital support and resources to unemployed and underemployed individuals, enabling them to access professional and vocational training, employment assistance, and job placement opportunities. Through their efforts to solicit and distribute funds, as well as provide financial support to charitable institutions with similar missions, they are making a direct impact on the lives of those in need. Their work not only helps individuals gain the skills and support needed for sustainable employment but also contributes to the overall welfare of the community by addressing the pressing issue of unemployment and underemployment.
This information is meant to be a general summary of Temech Inc Co Avi Schron. 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.
- Gross Receipts: $723,745
Assets and Liabilities:
- Total Assets: $22,734
- Total Liabilities: $151,050
- Net Assets: -$128,316
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Organization Details
Founding Year
2012
Principal Officer
Avi Schron
Main Address
45 BROADWAY 25TH FL, NEW YORK, NY, 10006
NTEE Category
Code: P80 - Human services
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