Overview
What is World Trade Center Institute I?
World Trade Center Institute I, based in Baltimore, Maryland, is a nonprofit organization with a focus on fostering international business connections. Located at 401 East Pratt Street, the institute collaborates with local governments and businesses to promote, expand, and coordinate international education. Through seminars and programs, they aim to educate the local community on global business matters, ultimately benefiting Maryland citizens and enterprises. With a team of 21 dedicated individuals, the institute acts as a catalyst for strengthening international business networks.
Official website here: www.wtci.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
The World Trade Center Institute I received an 84% score from Charity Navigator, indicating a solid performance in accountability and finance. The organization stands out with a fully independent board and strong financial oversight, showcasing its commitment to high governance standards. However, it is worth noting that there are several areas for improvement, particularly in the absence of policies regarding conflicts of interest and whistleblower protections.
Despite the strengths in financial management, the lack of certain governance policies raises questions about operational transparency. While the organization has a commendable program expense ratio of 76.58%, suggesting that a significant portion of its resources is directed towards its programs, the missing documentation related to transparency policies could hinder trust among stakeholders.
Overall, the World Trade Center Institute I demonstrates a commitment to responsible financial practices and governance, but the gaps in policy implementation should be addressed to enhance its credibility and operational effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is World Trade Center Institute I legitimate?
World Trade Center Institute I is a legitimate nonprofit organization registered as a 501(c)(3) entity. World Trade Center Institute I 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: $393,549
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,083,630
For more financial information, click here
Official website here: www.wtci.org
What is the mission statement of World Trade Center Institute I?
The World Trade Center Institute I's mission is centered around facilitating international business connections. It accomplishes this by collaborating with both businesses and local governments. The primary objective is to promote, expand, and coordinate international education for a wider audience. This is achieved through various seminars and programs, aimed at educating the business community. The institute's activities aim to enhance the understanding of global market trends and foster international cooperation.
Official website here: www.wtci.org
Who is the CEO of World Trade Center Institute I?
Jose E Resende is the Director of World Trade Center Institute I.
Official website here: www.wtci.org
What is the revenue of World Trade Center Institute I?
World Trade Center Institute I's revenue in 2022 was $1,926,832.
Official website here: www.wtci.org
Who are the executives of World Trade Center Institute I and what are their salaries?
The average compensation at World Trade Center Institute I during 2022 was $70,342. There are 21 employees at World Trade Center Institute I.
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Official website here: www.wtci.org
Where can I find the form 990 for World Trade Center Institute I?
World Trade Center Institute I's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wtci.org
Learn more at the official website: www.wtci.org
Mission Statement of World Trade Center Institute I
The World Trade Center Institute I is an international business network committed to promoting, expanding, and coordinating international education for Maryland's citizens and businesses. They achieve this mission by organizing seminars and programs aimed at educating the business community. This organization works closely with local governments to foster global connections and opportunities, thereby contributing to the growth and development of international trade and relations within Maryland.
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Impact
July, 2024
World Trade Center Institute I's impact is significant in promoting, expanding, and coordinating international education for Maryland citizens and businesses. By providing seminars and events aimed at educating the business community, the organization plays a crucial role in fostering global business connections and opportunities. Its efforts contribute to the enhancement of Maryland's economy and global competitiveness, ultimately benefiting the local community and businesses.
This information is meant to be a general summary of World Trade Center Institute I. 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: $143,799
- Program Service Revenue: $581,851
- Gross Receipts: $2,821,251
Assets and Liabilities:
- Total Assets: $3,944,230
- Total Liabilities: $584,683
- Net Assets: $3,359,547
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Seminars & events
Revenue
$551,967
Fees for services
Revenue
$29,884
Organization Details
Founding Year
1988
Principal Officer
Jose E Resende
Main Address
401 East Pratt Street, Baltimore, MD, 21202
Website
www.wtci.orgNTEE Category
Code: S41 - Community improvement
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