Overview
What is Passaic County Technical Institute Education Foundation?
The Passaic County Technical Institute Education Foundation is a charitable organization based in Wayne, New Jersey. Specifically located at 45 Reinhardt Road, this nonprofit focuses on funding scholarships and grants for eligible beneficiaries. Their mission is to bolster educational programs and learning opportunities for students attending Passaic County's technical-vocational schools. The resources raised through their fundraising efforts contribute significantly to the enrichment of these students' educational experiences.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70% (Two-Star out of Four Stars)
The Passaic County Technical Institute Education Foundation has received a Two-Star rating from Charity Navigator, reflecting an overall score of 70%. This rating indicates that while the organization performs adequately in terms of accountability and financial management, there are areas that require improvement, particularly in transparency and policy disclosure.
One of the foundation's strengths is its high accountability, with an independent board comprising 100% independent members, and no reported material diversion of assets. Additionally, the organization demonstrates a strong financial health, with an impressive program expense ratio of 87.73%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs.
However, the foundation has several shortcomings concerning its governance policies. Key elements such as a conflict of interest policy, whistleblower policy, and document retention policy are missing, which has negatively impacted its overall score. Furthermore, the lack of accessible meeting minutes and tax form disclosures on its website suggests a need for improved transparency to enhance stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Passaic County Technical Institute Education Foundation legitimate?
Passaic County Technical Institute Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Passaic County Technical Institute Education Foundation 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 Passaic County Technical Institute Education Foundation?
The Passaic County Technical Institute Education Foundation's mission is centered around supporting educational programs and learning opportunities for students attending technical-vocational schools within Passaic County. The organization aims to accomplish this by raising funds, which are subsequently utilized for various initiatives, such as scholarships and grants, to benefit eligible recipients. By doing so, the foundation seeks to enrich the educational experiences of these students, thereby fostering their growth and development.
Who is the CEO of Passaic County Technical Institute Education Foundation?
Albert A Alexander is the Trustee of Passaic County Technical Institute Education Foundation.
What is the revenue of Passaic County Technical Institute Education Foundation?
Passaic County Technical Institute Education Foundation's revenue in 2022 was $106,668.
Who are the executives of Passaic County Technical Institute Education Foundation and what are their salaries?
There 15 volunteers at Passaic County Technical Institute Education Foundation.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Passaic County Technical Institute Education Foundation?
Passaic County Technical Institute Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Passaic County Technical Institute Education Foundation
The Passaic County Technical Institute Education Foundation is committed to supporting the educational programs and learning opportunities for students attending technical-vocational schools in Passaic County. Their mission is to provide financial assistance through funds raised, which are specifically allocated towards scholarships and grants for eligible recipients. By doing so, they aim to enhance the educational experiences and prospects of these students, thereby contributing to their overall development and future success.
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Impact
October, 2024
The Passaic County Technical Institute Education Foundation significantly enhances the educational landscape for students in Passaic County's technical and vocational schools. Through targeted fundraising efforts, the foundation generates proceeds that are directly allocated to vital school programs and learning opportunities. This support manifests in the form of scholarships and grants, ensuring that eligible recipients can access the resources they need to succeed.
By focusing on these initiatives, the foundation not only alleviates financial barriers but also fosters an environment where students can pursue their educational and career aspirations without undue hardship. The impact of the foundation is evident in the expanded opportunities available to students, enabling them to develop critical skills and competencies that are essential for their future careers. In doing so, it plays a pivotal role in shaping a skilled workforce that is poised to meet the demands of various industries in the region.
This information is meant to be a general summary of Passaic County Technical Institute Education Foundation. 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: $19,896
- Gross Receipts: $136,787
Assets and Liabilities:
- Total Assets: $787,162
- Total Liabilities: $0
- Net Assets: $787,162
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Organization Details
Founding Year
1998
Phone
(973) 389-4218Principal Officer
Albert A Alexander
Main Address
45 REINHARDT ROAD, WAYNE, NJ, 07470
NTEE Category
Code: B82 - Education
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