Overview
What is Charlottesville-Albemarle Technical Education Foundation?
The Charlottesville-Albemarle Technical Education Foundation is a nonprofit organization situated in Charlottesville, Virginia. Its primary objective is to support the Charlottesville-Albemarle Technical Education Center. This involves enhancing the center's facilities, bolstering its staff, and offering scholarships to its enrolled students. By doing so, the foundation aims to promote educational opportunities and foster growth within the technical education sector.
Official website here: www.catec.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Charlottesville-Albemarle Technical Education Foundation has earned a Three-Star rating, reflecting a solid performance in accountability and finance, with a total score derived entirely from this area. The organization showcases a strong commitment to governance, featuring a fully independent board and no material diversion of assets. Additionally, it maintains an impressive program expense ratio of 100%, indicating that all financial resources are directed towards its mission.
Despite these strengths, there are notable gaps in the foundation's policies. Specifically, it lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which may raise concerns about transparency and risk management. These missing elements detract from its overall accountability score, suggesting areas for improvement in governance practices.
Overall, while the Charlottesville-Albemarle Technical Education Foundation demonstrates effective financial stewardship and a clear commitment to its educational mission, addressing the gaps in governance policies would enhance its credibility and operational integrity within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Charlottesville-Albemarle Technical Education Foundation legitimate?
Charlottesville-Albemarle Technical Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charlottesville-Albemarle Technical 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.
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Official website here: www.catec.org
What is the mission statement of Charlottesville-Albemarle Technical Education Foundation?
The Charlottesville-Albemarle Technical Education Foundation's mission is centered around supporting the Charlottesville-Albemarle Technical Education Center. They aim to enhance the center's facilities, strengthen its staff, and offer scholarships to its students. This non-profit organization's primary goal is to empower the center and its students, providing them with the necessary resources to excel in their technical education.
Official website here: www.catec.org
Who is the CEO of Charlottesville-Albemarle Technical Education Foundation?
Linda Seaman is the Vice Chair of Charlottesville-Albemarle Technical Education Foundation.
Official website here: www.catec.org
What is the revenue of Charlottesville-Albemarle Technical Education Foundation?
Charlottesville-Albemarle Technical Education Foundation's revenue in 2023 was $45,510.
Official website here: www.catec.org
Who are the executives of Charlottesville-Albemarle Technical Education Foundation and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.catec.org
Where can I find the form 990 for Charlottesville-Albemarle Technical Education Foundation?
Charlottesville-Albemarle Technical Education Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.catec.org
Learn more at the official website: www.catec.org
Mission Statement of Charlottesville-Albemarle Technical Education Foundation
The Charlottesville-Albemarle Technical Education Foundation plays a crucial role in supporting the Charlottesville-Albemarle Technical Education Center. This nonprofit organization's mission is multifaceted, aiming to improve the center's facilities, support its staff, and provide scholarships for its students. By enhancing the center's infrastructure, the foundation contributes to an environment conducive to quality technical education. Furthermore, by supporting the staff, the foundation ensures that the center is equipped with skilled professionals who can effectively guide and educate the students. Lastly, the provision of scholarships to enrolled students enables deserving individuals to pursue technical education without financial constraints. In essence, the Charlottesville-Albemarle Technical Education Foundation is committed to enhancing the learning experience at the technical education center, thereby empowering its students to succeed in their chosen fields.
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Impact
August, 2024
The Charlottesville-Albemarle Technical Education Foundation's impact is focused on enhancing the Charlottesville-Albemarle Technical Education Center by improving its facilities, training its staff, and offering scholarships to students enrolled in the center. Through these initiatives, the foundation plays a crucial role in supporting the development of technical education in Charlottesville, VA. By providing resources and opportunities for both the school and its students, the foundation contributes to the advancement of education and workforce readiness in the community.
This information is meant to be a general summary of Charlottesville-Albemarle Technical 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 2023.
- Investment Income: $19,679
- Gross Receipts: $58,261
Assets and Liabilities:
- Total Assets: $584,206
- Total Liabilities: $0
- Net Assets: $584,206
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Organization Details
Founding Year
1982
Phone
(434) 973-4461Principal Officer
Linda Seaman
Main Address
1000 EAST RIO ROAD, CHARLOTTESVILLE, VA, 229020173
Website
www.catec.orgNTEE Category
Code: B30I - Education
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