Overview
What is Ideal Education A Nj Nonprofit Corp?
Ideal Education A NJ Nonprofit Corp, also known as Ideal Institute of Technology, is a 501(c)3 non-profit organization based in Mays Landing, New Jersey. This institution, licensed by the State of New Jersey Department of Education and the Department of Labor and Workforce Development, offers career training in business and technology. With two campuses in Atlantic County, Ideal Institute is fully accredited by the Middle States Association and is dedicated to providing sustainable, high-paying employment opportunities to adults. Popular program offerings include Microsoft Office, Computer Programs, Web Development, and Entrepreneurship. Ideal Education, founded by Dhiren and Mital Parikh in 2016, operates with a team of 22 employees and aims to contribute to the local community by equipping individuals with the necessary skills to succeed in the technology and business sectors.
Official website here: www.iitnj.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Ideal Education A Nj Nonprofit Corp has received a Two-Star out of Four Star rating from Charity Navigator, indicating that there are several areas needing attention despite a relatively solid overall score of 73%. The organization showcases a strong commitment to culture and community, reflected in its high score of 85 in that category. However, the accountability and finance aspects present room for growth, particularly concerning its financial statements and fundraising efficiency.
The organization benefits from a majority of independent board members, which contributes positively to its governance structure. However, it faces challenges with missing policies related to whistleblowing and document retention, which are critical for transparency and accountability. Additionally, while the program expense ratio is commendable at about 73%, the liabilities to assets ratio indicates potential financial vulnerability.
Constituent feedback is exceptionally high, suggesting that the community it serves values its efforts and impacts positively. Despite the need for improvement in certain operational and financial areas, the organization's responsiveness to feedback is noteworthy, indicating a commitment to better serve its stakeholders. Addressing its weaknesses could enhance the nonprofit's effectiveness and sustainability in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Ideal Education A Nj Nonprofit Corp legitimate?
Ideal Education A Nj Nonprofit Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ideal Education A Nj Nonprofit 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: $128,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $384,911
For more financial information, click here
Official website here: www.iitnj.org
What is the mission statement of Ideal Education A Nj Nonprofit Corp?
Ideal Education A Nj Nonprofit Corp, operating as Ideal Institute of Technology, is a 501(c)3 non-profit organization that provides private career education. Its primary objective is to offer technology and business programs to adults in Atlantic County, New Jersey. The institution, licensed by the State Department of Education and the Department of Labor and Workforce Development, aims to help individuals secure sustainable, high-paying employment in these sectors. Ideal Education is fully accredited by the Middle States Association and operates from two campuses in Atlantic County. Popular programs of study include Microsoft Office, Computer Programs, Web Development, and Entrepreneurship. The organization's mission is to empower adults in the region by equipping them with essential skills to thrive in the evolving job market.
Official website here: www.iitnj.org
Who is the CEO of Ideal Education A Nj Nonprofit Corp?
Mital Parikh is the President of Ideal Education A Nj Nonprofit Corp.
Official website here: www.iitnj.org
What is the revenue of Ideal Education A Nj Nonprofit Corp?
Ideal Education A Nj Nonprofit Corp's revenue in 2022 was $2,091,921.
Official website here: www.iitnj.org
Who are the executives of Ideal Education A Nj Nonprofit Corp and what are their salaries?
The average compensation at Ideal Education A Nj Nonprofit Corp during 2022 was $23,332. There are 22 employees and 14 volunteers at Ideal Education A Nj Nonprofit Corp.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $128,400
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.iitnj.org
Where can I find the form 990 for Ideal Education A Nj Nonprofit Corp?
Ideal Education A Nj Nonprofit Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iitnj.org
Learn more at the official website: www.iitnj.org
Mission Statement of Ideal Education A Nj Nonprofit Corp
Ideal Education, a 501(c) 3 non-profit organization based in New Jersey, was founded with a mission to empower adults in Atlantic County. Recognizing the prevalence of the service industry in the area, Ideal Education's founders, Dhiren and Mital Parikh, saw a need to introduce technology and business programs. Their goal was to help individuals secure sustainable, high-paying employment. Ideal Education operates as a private career school, licensed by the State of New Jersey Department of Education and the Department of Labor and Workforce Development. It is fully accredited by the Middle States Association, and its two campuses in Atlantic County offer a variety of popular programs, including Microsoft Office, Computer Programs, Web Development, and Entrepreneurship. The non-profit's mission is to provide adults with the necessary skills to excel in these fields and improve their employment prospects.
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Impact
July, 2024
Ideal Education's impact is significant in providing education on business and technology career training to adults in Atlantic County, New Jersey. By offering programs such as Microsoft Office, Computer Programs, Web Development, and Entrepreneurship, Ideal Education is equipping individuals with the skills needed to secure sustainable and high-paying employment opportunities in an industry-dominated region. Their commitment to quality education is evident through their accreditation by the Middle States Association and licensing by the State of New Jersey Department of Education and the Department of Labor and Workforce Development. Through their two campuses and plans for expansion, Ideal Education is making a tangible difference in empowering individuals to build successful careers in the fields of business and technology.
This information is meant to be a general summary of Ideal Education A Nj Nonprofit 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.
- Gross Receipts: $2,091,921
Assets and Liabilities:
- Total Assets: $8,530,726
- Total Liabilities: $7,989,633
- Net Assets: $541,093
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Organization Details
Founding Year
2012
Phone
(609) 318-8008Principal Officer
Mital Parikh
Main Address
4403 E BLACK HORSE PIKE, MAYS LANDING, NJ, 08330
Website
www.iitnj.orgNTEE Category
Code: B90 - Education
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