Overview
What is Tech Foundry Inc?
Tech Foundry Inc is a nonprofit organization established by local employers in response to a significant demand for a skilled IT workforce. Their mission is to create dynamic and adaptable IT workforce development and training programs, tailored to the specific needs of employers. By combining hands-on technical training with professional development, Tech Foundry aims to uplift an underserved, at-risk population, ultimately preparing them for sustainable careers in the IT sector. Situated in the Greater Springfield area of Massachusetts, which offers a low cost of living and high quality of life, the organization aims to overcome the region's growth challenges by providing a skilled workforce. Tech Foundry's services are offered at no cost to students, contributing to the development of a robust and scalable IT workforce that will attract and retain businesses in the area.
Official website here: www.thetechfoundry.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Tech Foundry Inc has received a solid rating of 88%, which indicates a strong performance in accountability and finance. The organization boasts a fully independent board, with 100% of its members being independent, contributing to its governance quality. Additionally, the charity scores highly in areas such as financial oversight, material diversion of assets, and program expense ratio, which sits at an impressive 79.20%.
However, there are some areas for improvement. The organization lacks a whistleblower policy and a document retention and destruction policy, both of which were marked as missing in the evaluation. Furthermore, the absence of the tax form on the nonprofit's website could limit transparency for potential donors. These shortcomings may impact the overall perception of the organization's commitment to best practices in governance and accountability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Tech Foundry Inc?
92% of 11 reviewers on Facebook endorse Tech Foundry Inc. Here is a summary of their reviews:
Many users express gratitude for the positive impact the organization is making in the community. The appreciation for the services provided and the help extended to individuals in need stands out strongly in the reviews. Reviewers emphasize the nonprofit's commitment to its mission and the difference it is making in people's lives.
Overall, there is a clear sentiment of support and satisfaction towards Tech Foundry Inc. The organization's efforts are recognized and valued by those who have experienced its initiatives firsthand.
This AI summary has been generated from reviews found on Facebook.
Is Tech Foundry Inc legitimate?
Tech Foundry Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tech Foundry 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: $508,472
For more financial information, click here
Official website here: www.thetechfoundry.org
What is the mission statement of Tech Foundry Inc?
Tech Foundry Inc, established by concerned employers recognizing a pressing need for a skilled IT workforce, is committed to constructing the most adaptable and versatile IT workforce development and training programs ever conceived. Driven by specific employer demands, the organization combines technical skill-focused training with professional development. This dual approach aids Tech Foundry in its primary objective to uplift an underserved, at-risk population into becoming tomorrow's IT workforce. The organization's programs aim to bridge the skill gap, making employers more inclined to establish and expand their operations in the region while retaining the existing talent.
Official website here: www.thetechfoundry.org
Who is the CEO of Tech Foundry Inc?
Mike Walker is the President of Tech Foundry Inc. The CEO's salary of Tech Foundry Inc is $135,000 and their total compensation is $135,000.
Official website here: www.thetechfoundry.org
What is the revenue of Tech Foundry Inc?
Tech Foundry Inc's revenue in 2023 was $978,208.
Official website here: www.thetechfoundry.org
Who are the executives of Tech Foundry Inc and what are their salaries?
The average compensation at Tech Foundry Inc during 2023 was $50,847. There are 10 employees at Tech Foundry Inc.
Here are 11 key members and their salaries (Tech Foundry Inc's CEO's salary is $135,000 and their total compensation is $135,000):
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- Compensation: $135,000
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Official website here: www.thetechfoundry.org
Where can I find the form 990 for Tech Foundry Inc?
Tech Foundry Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thetechfoundry.org
Learn more at the official website: www.thetechfoundry.org
Mission Statement of Tech Foundry Inc
Tech Foundry Inc, established by concerned local employers, is dedicated to constructing dynamic and adaptable IT workforce development and training programs. Their mission is to address a significant need in the workforce for skilled IT professionals. By combining hands-on technical training with professional development, Tech Foundry aims to uplift an under-served and at-risk population, preparing them for careers in the IT sector. Their ultimate goal is to elevate this population into tomorrow's workforce, thereby attracting businesses and employees to the region and retaining the existing talent.
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Impact
July, 2024
Tech Foundry Inc's impact is significant in addressing the critical need for a skilled IT workforce in the greater Springfield area of Massachusetts. By combining hands-on technical training with professional development, this organization is actively elevating an under-served and at-risk population into tomorrow's IT workforce. By preparing individuals for sustainable careers in the information technology sector, Tech Foundry is not only meeting specific employer demands but also contributing to the economic growth and viability of the region. Their programs, offered at no cost to students, are helping to bridge the gap between employer needs and workforce capabilities, ultimately creating more opportunities for businesses and employees in the community.
This information is meant to be a general summary of Tech Foundry 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 2023.
- Investment Income: $271
- Program Service Revenue: $20,833
- Gross Receipts: $978,208
Assets and Liabilities:
- Total Assets: $588,803
- Total Liabilities: $191,199
- Net Assets: $397,604
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER PROGRAM SERVICE FEES
Revenue
$20,000
EXAM FEES
Revenue
$833
Organization Details
Founding Year
2013
Phone
(413) 276-0609Principal Officer
Mike Walker
Main Address
1391 MAIN STREET 9TH FLOOR, SPRINGFIELD, MA, 01103
Website
www.thetechfoundry.orgNTEE Category
Code: B30 - Education
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