Overview
What is Foundation For Applied Technical Education Inc?
Foundation For Applied Technical Education Inc, based in Fairfax, Virginia, is a nonprofit organization that advocates for technical and vocational education within the public school system of Fairfax County. Their notable activities include a residential construction project in Springfield, a student auto sales program that provides hands-on training in automotive technology and collision service, and a scholarship program. The student auto sales program, known as SAS, is unique and innovative, as it is the only high school-based auto dealership in the state. Vehicles are donated, repaired, and sold by students, with the proceeds benefiting the schools for program improvements and necessities. The organization also partners with organizations like the Metropolitan Washington Airport Authority and Willow Springs Towing for vehicle donations. During the 2022-23 school year, SAS received 170 vehicle donations and sold 107 vehicles, generating over $140,000 in sales.
Official website here: www.fatefacts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star Rating
The Foundation for Applied Technical Education Inc has achieved a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The score reflects a strong emphasis on accountability, with the organization earning full points in several key areas, including having a fully independent board and a comprehensive conflict of interest policy.
Strengths noted include the organization’s effective governance structure, as evidenced by its independent board members and the absence of material asset diversion. Furthermore, the charity demonstrates a commitment to transparency with documented board meeting minutes and a clear whistleblower policy. The program expense ratio of 78.09% indicates that a significant portion of its funds are directed toward its programs.
While the organization has performed well in accountability, the overall score reflects that there could be room for improvement in certain financial metrics. However, the current ratings suggest that the Foundation for Applied Technical Education Inc is generally well-managed and dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Applied Technical Education Inc legitimate?
Foundation For Applied Technical Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Applied Technical Education 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.
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Official website here: www.fatefacts.org
What is the mission statement of Foundation For Applied Technical Education Inc?
The Foundation For Applied Technical Education Inc's mission is centered around promoting technical and vocational education. They accomplish this through the public school system, providing opportunities for students to gain practical skills. One of their significant initiatives is the Student Auto Sales (SAS) program, which offers training in automotive technology and collision service. This program allows students to participate in the entire sales process, from evaluation to sale. The program has been successful, with 107 vehicles sold during the 2022-23 school year, generating funds for program improvements and necessities. The foundation also accepts vehicle donations from partners, such as the Metropolitan Washington Airport Authority, to support its endeavors.
Official website here: www.fatefacts.org
Who is the CEO of Foundation For Applied Technical Education Inc?
Natalie R Anzzolin is the Vice President of Foundation For Applied Technical Education Inc.
Official website here: www.fatefacts.org
What is the revenue of Foundation For Applied Technical Education Inc?
Foundation For Applied Technical Education Inc's revenue in 2023 was $589,231.
Official website here: www.fatefacts.org
Who are the executives of Foundation For Applied Technical Education Inc and what are their salaries?
There 20 volunteers at Foundation For Applied Technical Education Inc.
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Official website here: www.fatefacts.org
Where can I find the form 990 for Foundation For Applied Technical Education Inc?
Foundation For Applied Technical Education Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fatefacts.org
Learn more at the official website: www.fatefacts.org
Mission Statement of Foundation For Applied Technical Education Inc
The Foundation for Applied Technical Education Inc is dedicated to promoting technical and vocational education within the public school system of Fairfax County, Virginia. Their mission is to provide students with hands-on learning opportunities in various trades, such as automotive technology and collision service. One of their innovative programs is the Student Auto Sales (SAS) project, which operates as a high school-based dealership. Students are involved in the entire process, from evaluation to repair, preparation for sale, and ultimately, the sale of the vehicles. This program not only provides practical experience but also generates revenue for the school, which is used to improve the programs, acquire tools, and meet other necessary expenses. The Foundation for Applied Technical Education Inc has established partnerships with organizations like the Metropolitan Washington Airport Authority and Willow Springs Towing to secure vehicle donations, further enhancing the SAS program's success.
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Impact
July, 2024
Foundation For Applied Technical Education Inc's impact lies in promoting technical and vocational education through the public school system of Fairfax County, Virginia. One of its significant activities is the student auto sales program, which provides students with training opportunities in automotive technology and automotive collision service. This unique program operates as the only high school-based automotive dealership in the Commonwealth, where donated vehicles are repaired by automotive students and resold. Notably, the program has received over 17 cars from a partnership with the Metropolitan Washington Airport Authority and has sold 107 vehicles, generating $140,942 in sales. A substantial portion of these proceeds, $105,706.50, has been returned to selling schools for program improvements, tools, and other necessities, further enhancing the technical education experience for students in Fairfax County.
This information is meant to be a general summary of Foundation For Applied Technical Education 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 2023.
- Investment Income: $38,050
- Gross Receipts: $3,254,450
Assets and Liabilities:
- Total Assets: $3,942,324
- Total Liabilities: $1,774,252
- Net Assets: $2,168,072
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Organization Details
Founding Year
1971
Phone
(571) 423-4595Principal Officer
Natalie R Anzzolin
Main Address
4035 RIDGE TOP RD STE 700, FAIRFAX, VA, 22030
Website
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