Overview
What is Educate-Trade-Create Corporation?
Educate-Trade-Create Corporation is a nonprofit organization situated in Chicago, Illinois. Their primary mission is to educate students about the significance of commodities and equip them with the skills to trade in various markets. This learning process is complemented by offering scholarships and funding for relevant educational programs. Furthermore, the corporation provides a safe refuge for students, offering them an opportunity to connect with nature and find inner peace at their summer camp. The camp experience aims to enrich their lives beyond academics.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star Rating.
The Educate-Trade-Create Corporation has received a low rating of 52%, indicating significant concerns regarding its financial accountability and governance. The organization has scored particularly poorly in terms of board independence, with no independent members, which can raise questions about oversight and decision-making processes. Additionally, the absence of a conflict of interest policy and missing financial documentation on its website are notable drawbacks.
On a more positive note, the organization demonstrates a strong commitment to its mission with a program expense ratio of 96.27%, indicating that most of its expenditures are directed toward its programs. Furthermore, the charity does have policies in place for whistleblowing and document retention, which are essential for operational transparency and integrity.
Despite these positive aspects, the overall lack of independent governance and missing critical financial disclosures highlight areas for improvement. For potential donors and stakeholders, this rating serves as a cautionary indicator that further investigation into the organization's practices and governance structure may be warranted.
This AI summary has been generated from information found on Charity Navigator.
Is Educate-Trade-Create Corporation legitimate?
Educate-Trade-Create Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Educate-Trade-Create Corporation 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
For more financial information, click here
What is the mission statement of Educate-Trade-Create Corporation?
The Educate-Trade-Create Corporation is dedicated to educating students about the significance of commodities and equipping them with trading skills in the markets. Beyond this, the organization offers scholarships and funding for various educational programs. Furthermore, it provides a refuge for students, offering them an opportunity to connect with nature and find inner peace, often during summer camp experiences.
Who is the CEO of Educate-Trade-Create Corporation?
Hector Corona is the President of Educate-Trade-Create Corporation.
What is the revenue of Educate-Trade-Create Corporation?
Educate-Trade-Create Corporation's revenue in 2022 was $82,563.
Who are the executives of Educate-Trade-Create Corporation and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Educate-Trade-Create Corporation?
Educate-Trade-Create Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Educate-Trade-Create Corporation
The Educate-Trade-Create Corporation is dedicated to enlightening students about the significance of commodities and instructing them on how to trade in various markets. Beyond this, the organization offers scholarships and funding for educational programs. Additionally, it provides a sanctuary for students, offering them an opportunity to immerse themselves in nature and find inner peace at a summer camp. This multifaceted mission aims to equip students with essential financial literacy skills while also providing them with a serene environment for personal growth.
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Impact
October, 2024
Educate-Trade-Create Corporation has a significant impact on the educational landscape by equipping students with vital knowledge about commodities and market trading. Through hands-on education and practical trading experiences, students are empowered to understand the complexities of financial markets, fostering essential skills that promote financial literacy and economic awareness.
The organization also plays a critical role in supporting students from various backgrounds by providing scholarships and funding for educational programs. This financial assistance opens doors for many, ensuring access to opportunities that might otherwise be unattainable.
In addition to its educational focus, Educate-Trade-Create Corporation offers a refuge for students, allowing them to connect with nature and find inner peace. By integrating outdoor experiences with learning, the organization promotes holistic development and well-being, creating a balanced approach to education.
Overall, Educate-Trade-Create Corporation not only cultivates knowledge and skills but also nurtures personal growth and resilience, making a profound difference in the lives of the students it serves.
This information is meant to be a general summary of Educate-Trade-Create Corporation. 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: $82,563
Assets and Liabilities:
- Total Assets: $102,386
- Total Liabilities: $86,768
- Net Assets: $15,618
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Organization Details
Founding Year
2013
Principal Officer
Hector Corona
Main Address
917 W MADISON STREET, CHICAGO, IL, 60607
NTEE Category
Code: B99 - Education
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