Overview
What is Aatcc Foundation Inc?
Aatcc Foundation Inc is a nonprofit organization situated in Research Triangle Park, North Carolina. Their primary mission is to foster charitable, scientific, and educational activities within the textile, chemical, and related disciplines. To achieve this goal, they develop and distribute educational programs and materials, as well as offer scholarships and grants. These initiatives aim to enhance the skills and knowledge of individuals, ultimately benefiting the broader public. The foundation's activities are centered around promoting advancements in these fields.
Official website here: www.aatcc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)
The AATCC Foundation Inc has achieved a remarkable 97% score on Charity Navigator, earning a Four-Star rating. This high rating reflects the organization's strong commitment to accountability and finance, with a perfect score in several key areas, such as independent board membership and transparency in financial practices.
The foundation boasts a fully independent board comprising 15 members, ensuring objective oversight and governance. Additionally, the organization has no material diversion of assets, indicating prudent financial management. Its program expense ratio of 96.33% shows that the majority of its expenditures are directed towards programs rather than administrative costs, further emphasizing its effectiveness in fulfilling its mission.
Despite these strengths, the rating is derived solely from the accountability and finance beacon and does not encompass other crucial aspects like impact or program effectiveness. However, based on the data provided, the AATCC Foundation Inc demonstrates a strong foundation for trustworthiness and effective resource management.
This AI summary has been generated from information found on Charity Navigator.
Is Aatcc Foundation Inc legitimate?
Aatcc Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aatcc 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.aatcc.org
What is the mission statement of Aatcc Foundation Inc?
The Aatcc Foundation Inc was established with a mission to foster charitable, scientific, and educational activities in the fields of textiles, chemicals, and related disciplines. One of its primary objectives is to promote learning through the development of educational programs and materials. The organization also provides scholarships and grants to individuals, aiming to enhance their skills and contribute positively to the general public.
Official website here: www.aatcc.org
Who is the CEO of Aatcc Foundation Inc?
Harrie Schoots is the Chair of Aatcc Foundation Inc.
Official website here: www.aatcc.org
What is the revenue of Aatcc Foundation Inc?
Aatcc Foundation Inc's revenue in 2022 was $121,688.
Official website here: www.aatcc.org
Who are the executives of Aatcc Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.aatcc.org
Where can I find the form 990 for Aatcc Foundation Inc?
Aatcc Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aatcc.org
Learn more at the official website: www.aatcc.org
Mission Statement of Aatcc Foundation Inc
Aatcc Foundation Inc, established with a charitable, scientific, and educational purpose, is dedicated to advancing the fields of textile, chemical, and related sciences. Its mission is to foster growth and dissemination of knowledge in these areas, benefitting the public at large. To achieve this, the foundation creates and distributes educational programs and materials, and offers scholarships and grants to nurture the skills of individuals. By doing so, Aatcc Foundation Inc aims to contribute positively to society, leveraging its expertise in textile and chemical sciences.
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Impact
October, 2024
Aatcc Foundation Inc significantly advances the fields of textile, chemical, and related sciences through its commitment to charitable, scientific, and educational initiatives. By creating and disseminating educational programs and materials, the foundation enhances knowledge and skill development among individuals.
The foundation's scholarships and grants play a crucial role in supporting the next generation of professionals in these industries, ensuring that individuals gain the necessary expertise to contribute to public benefits. Through its focus on education and skill development, Aatcc Foundation Inc fosters innovation and research, thereby positively impacting both the industry and society at large. Based in Research Triangle Park, NC, it serves as a vital resource for individuals seeking to advance their careers while promoting scientific and educational activities that benefit the broader community.
This information is meant to be a general summary of Aatcc 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 2022.
- Investment Income: $58,210
- Gross Receipts: $121,688
Assets and Liabilities:
- Total Assets: $1,870,928
- Total Liabilities: $0
- Net Assets: $1,870,928
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Organization Details
Founding Year
1997
Principal Officer
Harrie Schoots
Main Address
One Davis Drive PO Box 12215, Research Triangle Park, NC, 27709
Website
www.aatcc.orgNTEE Category
Code: V20 - Social research
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