Overview
What is The Technology Accelerator Company?
The Technology Accelerator Company, situated at 135 Cannon Street, Charleston, SC 29425, is a nonprofit organization established for charitable, educational, and scientific purposes. Its core mission is to support biomedical innovations, aiming to advance medical research for benevolent objectives. The organization operates with the intention of advancing health and wellbeing through the fostering of cutting-edge medical discoveries.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
The Technology Accelerator Company has a low rating of 54%, which is primarily driven by its Accountability & Finance score. While the organization demonstrates strengths in governance with 100% independent board members and a lack of material diversion of assets, its overall performance is hindered by shortcomings in financial metrics, particularly the ratios related to program expenses and liabilities to assets.
The organization has established various policies, such as a conflict of interest and whistleblower policy, which are crucial for maintaining accountability. However, the absence of posted tax forms and a concerning program expense ratio of 0.00% raise questions about its operational transparency and effectiveness in utilizing resources for its intended programs.
In summary, while The Technology Accelerator Company shows strong governance features, its low financial metrics significantly impact its overall rating. Potential donors may want to consider these factors when evaluating the organization's effectiveness and operational health.
This AI summary has been generated from information found on Charity Navigator.
Is The Technology Accelerator Company legitimate?
The Technology Accelerator Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Technology Accelerator Company 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 The Technology Accelerator Company?
The Technology Accelerator Company is established for charitable, educational, and scientific purposes. Its primary mission is to support biomedical innovations. This organization is dedicated to advancing medical research for charitable purposes. It operates with the goal of contributing to the field of medicine, serving as a catalyst for progress in this area.
Who is the CEO of The Technology Accelerator Company?
Lawrence Olanoff is the Chair / Director of The Technology Accelerator Company.
What is the revenue of The Technology Accelerator Company?
The Technology Accelerator Company's revenue in 2022 was $6,312.
Who are the executives of The Technology Accelerator Company and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for The Technology Accelerator Company?
The Technology Accelerator Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Technology Accelerator Company
The Technology Accelerator Company, a nonprofit organization, is established with charitable, educational, and scientific purposes in mind. Its primary mission is to support biomedical innovations, aiming to advance medical research for noble causes. This organization operates with the goal of contributing to the scientific community, driving progress in the field of medicine for the betterment of society.
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Impact
August, 2024
The Technology Accelerator Company is making a significant impact by supporting biomedical innovations that advance medical research for charitable purposes. Through its charitable, educational, and scientific initiatives, this company in Charleston, SC, is playing a crucial role in driving progress in medical research. Its focus on technology acceleration in the field of medical research is helping to bring innovative solutions to the forefront, ultimately benefiting individuals and communities in need of breakthroughs in healthcare.
This information is meant to be a general summary of The Technology Accelerator Company. 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.
- Investment Income: $6,312
- Gross Receipts: $104,393
Assets and Liabilities:
- Total Assets: $2,963,649
- Total Liabilities: $0
- Net Assets: $2,963,649
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Organization Details
Founding Year
2015
Phone
(973) 868-9519Principal Officer
Lawrence Olanoff
Main Address
135 CANNON ST 101L, CHARLESTON, SC, 29425
NTEE Category
Code: H92 - Medical research
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