Overview
What is Henrico County Vocational Technical Education Foundation Inc?
Henrico County Vocational Technical Education Foundation Inc is a nonprofit organization situated in Henrico, Virginia. Its primary mission is to offer a practical, hands-on vocational education experience that is not readily accessible in the local community. The foundation achieves this by providing students with an opportunity to construct new homes as part of their education. The costs associated with these construction projects are considered capital expenditures until the homes are sold. As of the fiscal year ending June 30, 2023, one home had been sold, according to the information provided. The foundation's work aims to equip students with valuable vocational skills, contributing positively to their personal and professional growth.
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Is Henrico County Vocational Technical Education Foundation Inc legitimate?
Henrico County Vocational Technical Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Henrico County Vocational Technical Education Foundation 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.none
What is the mission statement of Henrico County Vocational Technical Education Foundation Inc?
The Henrico County Vocational Technical Education Foundation Inc's primary mission is to offer a hands-on vocational education experience that is not readily available within the community. This is achieved by providing students with practical learning opportunities that enhance their skills and knowledge in various vocational fields. The foundation's activities aim to bridge the gap between theoretical learning and practical application, thereby equipping students with the necessary skills for their future careers. The foundation capitalizes all direct costs associated with the projects until the completion of the project, such as the construction of a new home, which is then sold to generate funds.
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Who is the CEO of Henrico County Vocational Technical Education Foundation Inc?
F Philip Parker Jr is the President of Henrico County Vocational Technical Education Foundation Inc.
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What is the revenue of Henrico County Vocational Technical Education Foundation Inc?
Henrico County Vocational Technical Education Foundation Inc's revenue in 2023 was -$328,656.
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Who are the executives of Henrico County Vocational Technical Education Foundation Inc and what are their salaries?
There 14 volunteers at Henrico County Vocational Technical Education Foundation Inc.
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Henrico County Vocational Technical Education Foundation Inc
Henrico County Vocational Technical Education Foundation Inc is committed to providing a unique hands-on vocational education experience that is not readily available within the community. Their primary mission is to offer this opportunity to students, thereby enhancing their practical skills and knowledge in various vocational fields. The foundation achieves this by providing a hands-on learning environment, where students can work on projects, gaining invaluable experience and skills that they may not obtain elsewhere. As a testament to their success, the foundation has completed and sold one home in the fiscal year ending June 30, 2023. This sale signifies the foundation's ability to successfully implement its mission and provide meaningful vocational education experiences to the students it serves.
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Impact
October, 2024
Henrico County Vocational Technical Education Foundation Inc plays a critical role in enhancing vocational education opportunities within the community. By providing hands-on experiences that are otherwise unavailable, the foundation equips students with practical skills and knowledge directly applicable to real-world settings.
A significant aspect of the foundation's impact is illustrated through its current project, where students are engaged in the construction of a new home. This initiative not only offers valuable training in construction but also fosters teamwork, project management, and problem-solving abilities. By capitalizing all direct costs until the home is sold, the foundation demonstrates a sustainable model that also teaches students about the financial aspects of construction.
The successful sale of a home in the fiscal year ending June 30, 2023, showcases the tangible outcomes of the students' hard work and dedication. This project not only benefits the students but also the larger community by contributing to the local housing market. Overall, the foundation significantly enriches vocational education, providing students with indispensable skills that prepare them for future careers in trades and related fields.
This information is meant to be a general summary of Henrico County Vocational Technical Education Foundation 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: -$336,252
- Gross Receipts: $1,538,508
Assets and Liabilities:
- Total Assets: $2,069,671
- Total Liabilities: $0
- Net Assets: $2,069,671
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Organization Details
Founding Year
1989
Phone
(804) 781-1818Principal Officer
F Philip Parker Jr
Main Address
3751 C NINE MILE ROAD, HENRICO, VA, 23223
Website
www.noneNTEE Category
Code: Z99Z - Unknown
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