Overview
What is Gtcc Innovative Resources Corp?
Gtcc Innovative Resources Corp, based in Jamestown, North Carolina, is a nonprofit organization affiliated with Guilford Technical Community College (GTCC). Its primary objective is to support and promote various educational, professional, artistic, and creative endeavors within the GTCC community. Gtcc Innovative Resources Corp aims to foster entrepreneurship by investing in the innovative projects and initiatives of GTCC, aligning with the college's core objectives to serve the Guilford County community and generate revenue for lifelong educational opportunities for students. The corporation's activities center around investing in start-ups to launch results-oriented projects that advance the mission of GTCC.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Gtcc Innovative Resources Corp has received a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The charity's score is derived entirely from its performance in these areas, indicating a high level of transparency and responsible financial management. The organization achieved an impressive 94% in its Accountability & Finance score, which is based on various key metrics.
Strengths of Gtcc Innovative Resources Corp include a board composed of 80% independent members and a strong independent board size of four members. The organization also demonstrates effective governance practices, with policies in place for conflict of interest, whistleblower protection, and document retention. Additionally, it shows no material diversion of assets and maintains an excellent liabilities to assets ratio of 0.00%.
While the organization exhibits robust financial health and governance, the rating does not provide information on other potential areas for improvement, such as programmatic impact or community feedback. Overall, Gtcc Innovative Resources Corp stands out for its financial accountability and operational integrity, making it a trustworthy option for supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Gtcc Innovative Resources Corp legitimate?
Gtcc Innovative Resources Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gtcc Innovative Resources Corp 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: $65,233
For more financial information, click here
What is the mission statement of Gtcc Innovative Resources Corp?
Gtcc Innovative Resources Corp, or GIRC, is an organization with a mission to aid, support, and promote various educational, professional, artistic, and creative endeavors at Guilford Technical Community College (GTCC). The corporation intends to foster entrepreneurialism by investing in the professional, artistic, and creative ventures of the college. GIRC's primary goal is to launch innovative and results-oriented projects that align with GTCC's core objectives, aiming to serve the Guilford County community and generate revenue to advance the lifelong educational opportunities of students. Additionally, the corporation focuses on intellectual properties, consulting services, and royalty generation.
Who is the CEO of Gtcc Innovative Resources Corp?
Nancy Sollosi is the Ex-Officio D of Gtcc Innovative Resources Corp.
What is the revenue of Gtcc Innovative Resources Corp?
Gtcc Innovative Resources Corp's revenue in 2022 was $134,506.
Who are the executives of Gtcc Innovative Resources Corp and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $226,209
- Other: $20,699
- Compensation: $0
- Related: $159,109
- Other: $21,165
- Compensation: $0
- Related: $154,852
- Other: $23,248
- Compensation: $0
- Related: $115,544
- Other: $26,153
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Gtcc Innovative Resources Corp?
Gtcc Innovative Resources Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gtcc Innovative Resources Corp
Gtcc Innovative Resources Corp, or GIRC, is committed to aiding, supporting, and promoting various educational, professional, artistic, and creative endeavors at Guilford Technical Community College (GTCC). Its purpose is to foster entrepreneurialism by investing in these endeavors, aiming to generate revenue that can advance the lifelong educational opportunities of students at GTCC. GIRC's mission is to launch innovative and results-oriented projects that align with GTCC's core objectives, ultimately serving the Guilford County community. The organization focuses on investing start-up funds to fund these projects, thereby contributing to the growth and success of GTCC. In addition to this, GIRC derives income from intellectual properties, consulting services, and royalties.
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Impact
October, 2024
Gtcc Innovative Resources Corp plays a pivotal role in enhancing educational opportunities and fostering entrepreneurial spirit in the Guilford County community. By investing in innovative projects aligned with the core objectives of Guilford Technical Community College (GTCC), the organization promotes teaching, service, and creative endeavors among students and the broader community.
Through its focus on supporting professional, artistic, and educational initiatives, GIRC not only provides crucial startup funds for innovative projects but also facilitates consulting services and royalties that contribute to sustainability and growth. By championing entrepreneurialism, GIRC empowers individuals to pursue their passions and develop their skills, thus enriching the local economy and community.
The impact of GIRC is felt in the successful launch of projects that generate revenue and advance lifelong educational opportunities, ultimately enhancing the overall quality of education and professional development available to students in the region.
This information is meant to be a general summary of Gtcc Innovative Resources Corp. 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: $36
- Program Service Revenue: $134,111
- Gross Receipts: $134,506
Assets and Liabilities:
- Total Assets: $1,108,502
- Total Liabilities: $4,092
- Net Assets: $1,104,410
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING
Revenue
$114,801
INSTRUCTION REVENUE
Revenue
$19,310
Organization Details
Founding Year
2012
Phone
(366) 334-4822Principal Officer
Nancy Sollosi
Main Address
601 E MAIN ST, JAMESTOWN, NC, 27282
NTEE Category
Code: B19 - Education
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