Overview
What is Foundation For Information Technology Education?
The Foundation For Information Technology Education, located in Chicago, Illinois, is a nonprofit organization dedicated to fostering research and education in the field of information technology. Their mission involves encouraging and supporting individuals who are interested in or already engaged in this profession. To achieve this, the foundation offers scholarships and awards for data processing professionals and educators in various sectors, such as business, government, and others. By doing so, they aim to promote the growth and development of the information technology field.
Official website here: www.edfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
The Foundation for Information Technology Education has achieved a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and finance management. The rating is based entirely on a single beacon score, reflecting the organization's strong commitment to transparency and responsible financial practices. Notably, the charity has a strong independent board, with all 10 members being independent, which enhances governance and decision-making processes.
The organization demonstrates an impressive program expense ratio of 78.05%, signifying that a significant portion of its budget is allocated directly to its programs rather than administrative costs. Additionally, they have no reported material diversion of assets and maintain clear policies for conflict of interest and document retention. However, it is worth noting that the charity is missing a whistleblower policy, which could be an area for improvement in their governance practices.
Overall, the Foundation for Information Technology Education showcases strong financial health and governance, making it a reliable choice for potential donors. The charity's focus on accountability and its effective program management are points of strength, though addressing the absence of a whistleblower policy may further bolster its transparency and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Information Technology Education legitimate?
Foundation For Information Technology Education is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Information Technology Education 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
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Official website here: www.edfoundation.org
What is the mission statement of Foundation For Information Technology Education?
The Foundation for Information Technology Education's mission is centered around promoting research and education in the field of information technology. The organization seeks to encourage and support individuals considering a career in this sector. Their activities primarily focus on providing scholarships and awards to recognize and assist data processing professionals and educators in various sectors, including business, government, and others. By doing so, the foundation aims to contribute significantly to the information technology profession.
Official website here: www.edfoundation.org
Who is the CEO of Foundation For Information Technology Education?
Xiang Guo is the Principal Officer of Foundation For Information Technology Education.
Official website here: www.edfoundation.org
What is the revenue of Foundation For Information Technology Education?
Foundation For Information Technology Education's revenue in 2022 was $23,433.
Official website here: www.edfoundation.org
Who are the executives of Foundation For Information Technology Education and what are their salaries?
There 7 volunteers at Foundation For Information Technology Education.
Here are 7 key members and their salaries:
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- Compensation: $5,000
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Official website here: www.edfoundation.org
Where can I find the form 990 for Foundation For Information Technology Education?
Foundation For Information Technology Education's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.edfoundation.org
Learn more at the official website: www.edfoundation.org
Mission Statement of Foundation For Information Technology Education
The Foundation for Information Technology Education, a nonprofit organization, is committed to fostering advancements in information technology research and education. Its mission is twofold: firstly, it seeks to encourage and support individuals who are considering or already engaged in the information technology profession. Secondly, the foundation aims to promote education in this field, thereby contributing to its growth and development. To accomplish these objectives, the foundation offers scholarships and awards to recognize and assist data processing professionals and educators across various sectors, including business, government, and others. The foundation's mission is instrumental in nurturing talent and driving innovation in the realm of information technology.
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Impact
August, 2024
The Foundation For Information Technology Education's impact can be seen in its promotion of information technology research and education. By offering scholarships and awards to support data processing professionals and educators in various sectors, the foundation plays a vital role in encouraging individuals to pursue careers in the information technology field. Based in Chicago, Illinois, the foundation actively supports those entering or considering entering the information technology profession, thereby contributing to the growth and development of the IT industry.
This information is meant to be a general summary of Foundation For Information Technology Education. 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: $19,674
- Program Service Revenue: $2,459
- Gross Receipts: $202,864
Assets and Liabilities:
- Total Assets: $779,067
- Total Liabilities: $0
- Net Assets: $779,067
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL CONFERENCE
Revenue
$2,459
Organization Details
Founding Year
1975
Phone
(309) 827-2015Principal Officer
Xiang Guo
Main Address
205 NORTH MICHIGAN AVENUE 810, CHICAGO, IL, 606015902
Website
www.edfoundation.orgNTEE Category
Code: A70 - Arts
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