Overview
What is Tec Centro Ltd?
Tec Centro Ltd is a nonprofit entity that collaborates with the Spanish American Civic Association. Its primary role is to support the Bilingual Training and Education Program through real estate participation within the New Market Development Credit Program. Housed within Tec Centro Ltd is the Spanish American Civic Association's Tec Centro program, which offers vocational training opportunities in sectors such as culinary arts and construction, ultimately providing certifications to those who complete the courses.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
Tec Centro Ltd has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization scored 94% in this category, indicating effective fiscal management and transparency. The overall score is derived entirely from its Accountability & Finance metrics, showcasing the nonprofit's dedication to responsible governance and financial health.
The organization demonstrates a robust governance structure, with 80% of its board members being independent, thereby ensuring impartial decision-making. Other strengths include a solid program expense ratio of 82.73%, which signifies that a significant portion of its budget is allocated towards its programs rather than administrative costs. Additionally, Tec Centro Ltd has established essential policies such as conflict of interest and whistleblower protections, which further underscore its commitment to ethical practices.
One limitation to note is the lack of information regarding the salaries of certain key personnel; while the President and CFO's salaries are disclosed, it appears that some other roles are not compensated, which may raise questions about equity or operational practices. Overall, Tec Centro Ltd is positioned as a reliable organization excelling in accountability and transparency, making it a noteworthy entity for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Tec Centro Ltd legitimate?
Tec Centro Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tec Centro Ltd submitted a form 990EZ, 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
For more financial information, click here
What is the mission statement of Tec Centro Ltd?
Tec Centro Ltd serves a mission by supporting the Bilingual Training and Education Program of the Spanish American Civic Association. Located within the New Market Development Credit Program, Tec Centro utilizes its real estate to house this program. The Tec Centro program, in turn, offers vocational training in various fields such as culinary arts and construction, providing certifications to its participants. By doing so, Tec Centro aims to contribute to the personal and professional growth of its trainees, particularly within the Spanish-speaking community.
Who is the CEO of Tec Centro Ltd?
Jose R Lopez is the CEO of Tec Centro Ltd The CEO's salary of Tec Centro Ltd is $0 and their total compensation is $0.
What is the revenue of Tec Centro Ltd?
Tec Centro Ltd's revenue in 2023 was $0.
Who are the executives of Tec Centro Ltd and what are their salaries?
Here are 7 key members and their salaries (Tec Centro Ltd's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990EZ for Tec Centro Ltd?
Tec Centro Ltd's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Tec Centro Ltd
Tec Centro Ltd, as part of its mission, supports the Spanish American Civic Association's Bilingual Training and Education Program. Situated within the New Market Development Credit Program, Tec Centro Ltd utilizes its real estate to house this program. The primary focus of Tec Centro Ltd is to provide training opportunities in various fields, such as culinary arts and construction, offering certifications as well. By doing so, Tec Centro Ltd contributes to the development and empowerment of individuals, fostering a sense of self-sufficiency and skill acquisition.
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Impact
October, 2024
Tec Centro Ltd significantly impacts the community in Lancaster, PA, by providing vital training and educational opportunities through the Spanish American Civic Association's Bilingual Training and Education Program. By offering programs in fields such as culinary arts and construction, Tec Centro equips individuals with valuable skills that enhance their employability and contribute to the local workforce.
The center's commitment to bilingual education ensures that language barriers do not hinder participants from accessing these opportunities, fostering inclusivity and support for the Spanish-speaking community. Moreover, Tec Centro plays a crucial role in economic development by utilizing real property under the New Market Development Credit Program, which not only aids in the center's operations but also stimulates the local economy.
Overall, Tec Centro Ltd serves as a vital resource, empowering individuals through education and training while promoting community development in Lancaster.
This information is meant to be a general summary of Tec Centro Ltd. 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 2023.
Assets and Liabilities:
- Total Assets: $4,218
- Total Liabilities: $0
- Net Assets: $4,218
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Organization Details
Principal Officer
Rose Graupera
NTEE Category
Code: B11 - Education
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