Overview
What is Cpi Foundation Inc?
Cpi Foundation Inc, based in Pleasant Gap, Pennsylvania, serves as a non-profit partner to the Central Pennsylvania Institute of Science and Technology (CPI). Their primary purpose is to support CPI's educational mission. They achieve this by raising funds from various public and private sources. The funds are utilized to expand scholarship opportunities, equip CPI with advanced technology and infrastructure, and enhance the career and technical educational programs offered by the institute to secondary and adult students. The foundation is an approved Local Educational Agency (LEA) by the Pennsylvania Department of Education, underlining its commitment to promoting quality education in the region.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
Cpi Foundation Inc has received a rating of 54%, which indicates significant challenges in its overall accountability and finance practices. While the organization excels in governance aspects, such as having a fully independent board and a well-defined conflict of interest policy, its financial health raises concerns. The reported liabilities to assets ratio is notably high at 2.93%, resulting in a score of 0 out of 15 points in this area.
In terms of program efficiency, the foundation's program expense ratio is reported at 47.5%, which is below the expected standard for effective nonprofits. This low percentage suggests that a limited portion of its expenditures is directed towards its core mission-driven programs, which could impact its overall effectiveness and sustainability.
Despite these financial limitations, the Cpi Foundation Inc does demonstrate a commitment to transparency and good governance practices. With all board members being independent and various governance policies in place, the organization shows a strong commitment to ethical standards, but it will need to improve its financial management to enhance its overall rating and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Cpi Foundation Inc legitimate?
Cpi Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cpi Foundation 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: $0
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What is the mission statement of Cpi Foundation Inc?
Cpi Foundation Inc's mission is to support the educational mission of the Central Pennsylvania Institute of Science and Technology (CPI). As a non-profit partner, Cpi Foundation Inc raises funds from both public and private sources to enhance scholarship opportunities for students. Additionally, it provides funding for expanding equipment, technology, and infrastructure for various career and technical educational programs at CPI. The foundation's primary goal is to aid CPI, a Pennsylvania-approved Local Educational Agency (LEA), in providing quality technical education to secondary and adult students, thereby contributing to their future careers.
Who is the CEO of Cpi Foundation Inc?
Thomas F Songer Ii is the Board Chairman of Cpi Foundation Inc.
What is the revenue of Cpi Foundation Inc?
Cpi Foundation Inc's revenue in 2022 was $44,820.
Who are the executives of Cpi Foundation Inc and what are their salaries?
There 5 volunteers at Cpi Foundation Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Cpi Foundation Inc?
Cpi Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cpi Foundation Inc
Cpi Foundation Inc, a non-profit organization, is committed to supporting the educational mission of the Central Pennsylvania Institute of Science and Technology (CPI). Acting as a partner for fundraising, Cpi Foundation Inc assists CPI, a Pennsylvania Local Educational Agency (LEA), approved by the Pennsylvania Department of Education. CPI is a career technical education school that provides technical education to both secondary and adult students.
The primary purpose of Cpi Foundation Inc is to boost scholarship opportunities for students at CPI. They do this by raising funds from both public and private sources. Additionally, Cpi Foundation Inc provides funding opportunities to expand the necessary equipment, technology, and infrastructure for various career and technical educational programs at CPI. By supporting CPI in this way, Cpi Foundation Inc is instrumental in empowering students to gain the skills and knowledge necessary for successful careers in their chosen fields.
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Impact
August, 2024
CPI Foundation Inc's impact lies in its unwavering commitment to supporting the educational mission of the Central Pennsylvania Institute of Science and Technology (CPI). By serving as CPI's nonprofit partner for fundraising, CPI Foundation Inc plays a crucial role in expanding scholarship opportunities for students and providing funding for the enhancement of equipment, technology, and infrastructure in various career and technical educational programs. Through these efforts, CPI Foundation Inc contributes to the growth and development of the students at CPI, enabling them to pursue successful careers in science and technology.
This information is meant to be a general summary of Cpi Foundation 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 2022.
- Investment Income: $1,794
- Gross Receipts: $44,820
Assets and Liabilities:
- Total Assets: $1,140,879
- Total Liabilities: $30,245
- Net Assets: $1,110,634
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Organization Details
Founding Year
2011
Phone
(814) 359-2793Principal Officer
Thomas F Songer Ii
Main Address
540 N HARRISON ROAD, PLEASANT GAP, PA, 16823
NTEE Category
Code: U119 - Science research
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