Overview
What is Renaissance Technical Institute Inc?
Renaissance Technical Institute Inc, situated in New York City, New York, is a nonprofit organization with a commendable mission. Their primary objective is to offer training and certification programs to low-income, at-risk youth, ultimately helping them secure stable employment. By providing this vital service, the institute aims to empower these young individuals, enabling them to become self-sufficient members of society. The institute's activities are centered around this mission, offering the necessary tools and resources for these youth to acquire the required licenses and certifications to succeed in their chosen fields.
Official website here: www.renaissancetechnicalinstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66%, Two-Star out of Four Star rating.
Renaissance Technical Institute Inc has received a Two-Star rating from Charity Navigator, indicating that there are areas for improvement in accountability and financial practices. The organization scored 66% overall, with strengths in its financial statements oversight and program expense ratio, which is commendably high at nearly 90%. This suggests that a significant portion of its funding is directed towards its programs.
However, the institute faces notable challenges, particularly in governance, as it has no independent board members, which is a critical aspect of effective charity oversight. Additionally, the organization has a concerning liabilities to assets ratio of 107.77%, indicating that its liabilities exceed its assets, a potential red flag for financial stability. While it has established essential policies such as conflict of interest and whistleblower protections, the absence of its tax form on the website limits transparency for stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Renaissance Technical Institute Inc legitimate?
Renaissance Technical Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Renaissance Technical Institute 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: $140,846
Professional Fundraising Fees: $0
Other Salaries and Wages: $255,663
For more financial information, click here
Official website here: www.renaissancetechnicalinstitute.org
What is the mission statement of Renaissance Technical Institute Inc?
Renaissance Technical Institute Inc's mission is centered around providing training and certification to low-income, at-risk youth, with the ultimate goal of helping them secure gainful employment. The organization is committed to equipping these young individuals with the necessary skills and qualifications to become productive members of society. By offering specialized training programs, Renaissance Technical Institute Inc aims to empower these youth and improve their prospects for a better future. The institute's mission is also geared towards bridging the gap between education and employment for this underprivileged segment of society.
Official website here: www.renaissancetechnicalinstitute.org
Who is the CEO of Renaissance Technical Institute Inc?
David Hiraldo is the Executive Director of Renaissance Technical Institute Inc.
Official website here: www.renaissancetechnicalinstitute.org
What is the revenue of Renaissance Technical Institute Inc?
Renaissance Technical Institute Inc's revenue in 2022 was $1,077,417.
Official website here: www.renaissancetechnicalinstitute.org
Who are the executives of Renaissance Technical Institute Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $140,846
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.renaissancetechnicalinstitute.org
Where can I find the form 990 for Renaissance Technical Institute Inc?
Renaissance Technical Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.renaissancetechnicalinstitute.org
Learn more at the official website: www.renaissancetechnicalinstitute.org
Mission Statement of Renaissance Technical Institute Inc
Renaissance Technical Institute Inc, as a nonprofit organization, is committed to empowering low-income at-risk youth. Its primary mission is to provide these young individuals with the necessary training and certification to secure employment. By offering tailored programs, Renaissance Technical Institute Inc aims to equip these youth with the skills required to secure gainful employment, thereby improving their livelihoods and contributing positively to their communities. The organization's dedication to this cause is evident in its mission statement, which emphasizes its role in providing low-income at-risk youth with the tools they need to become gainfully employed.
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Impact
July, 2024
Renaissance Technical Institute Inc's impact is evident in its dedication to providing low-income and at-risk youth with training and certification opportunities to help them secure gainful employment. This focus on empowering underserved individuals through education not only uplifts the recipients themselves but also has a broader impact on the community by creating skilled and productive workforce members. Through their mission-driven approach, Renaissance Technical Institute Inc is making a tangible difference in the lives of those they serve and contributing to a more inclusive and prosperous society.
This information is meant to be a general summary of Renaissance Technical Institute 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 2022.
- Program Service Revenue: $39,647
- Gross Receipts: $1,077,417
Assets and Liabilities:
- Total Assets: $610,367
- Total Liabilities: $544,842
- Net Assets: $65,525
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program service fees
Revenue
$39,647
Organization Details
Founding Year
2014
Principal Officer
David Hiraldo
Main Address
173 East 112 Street, New York, NY, 10029
NTEE Category
Code: B30 - Education
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