Overview
What is International Technology Center?
The International Technology Center is a nonprofit organization situated in RTP, North Carolina. Their primary focus lies in fostering a collaborative environment where industry, government, and universities can work together on high-impact technologies. They conduct cooperative research programs, reducing risks and enhancing returns for participating companies. The center also aims to make the resulting technology available to its industrial affiliates. Furthermore, the International Technology Center offers training opportunities for resident professionals and students, contributing to the advancement of technology and innovation. With a team of just one individual, this organization plays a significant role in bridging the gap between academic research and industrial applications.
Official website here: www.itc-inc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The International Technology Center has achieved an impressive score of 97%, reflecting a strong commitment to accountability and finance. This high rating stems solely from its performance in the Accountability & Finance beacon, indicating robust management of resources and transparency in operations. The organization has demonstrated that it has a wholly independent board and maintains a solid ratio of liabilities to assets, further enhancing its credibility.
The nonprofit has established comprehensive policies, including conflict of interest and whistleblower protections, which are essential for ethical governance. Additionally, the organization’s program expense ratio is remarkably high at 98.15%, suggesting that a significant portion of its funding is directed towards mission-related activities rather than administrative costs.
Overall, the International Technology Center appears to be a well-managed organization with a strong emphasis on accountability and effective use of resources, making it a trustworthy option for potential donors. There are no significant limitations or concerns noted in the available data, further solidifying its positive standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is International Technology Center legitimate?
International Technology Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Technology Center 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: $4,583
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.itc-inc.org
What is the mission statement of International Technology Center?
The International Technology Center's mission is centered around establishing a collaborative environment for industry, government, and universities. This collaborative space is designed to facilitate high-impact technological research. The center conducts cooperative research programs, aiming to lower the risks and increase the returns for participating companies. Once the technology is developed, it is made available to the industrial affiliates. Furthermore, the center provides training opportunities for resident professionals and students, contributing to their skill development in the field.
Official website here: www.itc-inc.org
Who is the CEO of International Technology Center?
Gary E Mcguire is the President of International Technology Center.
Official website here: www.itc-inc.org
What is the revenue of International Technology Center?
International Technology Center's revenue in 2022 was $117,288.
Official website here: www.itc-inc.org
Who are the executives of International Technology Center and what are their salaries?
The average compensation at International Technology Center during 2022 was $4,583. There is 1 employee and 1 volunteer at International Technology Center.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $72,517
- Other: $2,009
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $3,880
- Other: $0
- Compensation: $4,583
- Related: $88,083
- Other: $5,571
Official website here: www.itc-inc.org
Where can I find the form 990 for International Technology Center?
International Technology Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.itc-inc.org
Learn more at the official website: www.itc-inc.org
Mission Statement of International Technology Center
The International Technology Center, as a scientific research organization, strives to establish a collaborative environment where industry, government, and universities can work together on high-impact technologies. Its mission is multifaceted. It aims to conduct cooperative research programs that minimize risk and maximize return for the participating companies. Furthermore, the center seeks to make the resulting technology readily available to its industrial affiliates. Additionally, the International Technology Center provides training opportunities for resident professionals and students, ensuring that the next generation of innovators is well-equipped to tackle technological challenges.
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Impact
October, 2024
The International Technology Center plays a crucial role in fostering collaboration among industry, government, and academic institutions, creating a synergistic environment conducive to high-impact technological advancements. By facilitating cooperative research programs, the Center lowers the risk for participating companies while simultaneously increasing their potential returns. This collaborative approach allows for the development and dissemination of cutting-edge technologies directly to industrial affiliates, positioning them at the forefront of innovation.
Additionally, the Center provides valuable training opportunities for resident professionals and students, enhancing their skills and knowledge in relevant fields. This focus on education not only strengthens the local workforce but also contributes to the broader scientific community. Ultimately, the International Technology Center serves as a vital catalyst for technological progress, bridging gaps between different sectors to drive economic growth and innovation.
This information is meant to be a general summary of International Technology Center. 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: $41,154
- Gross Receipts: $117,704
Assets and Liabilities:
- Total Assets: $368,320
- Total Liabilities: $17,865
- Net Assets: $350,455
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Organization Details
Founding Year
1999
Phone
(919) 881-0500Principal Officer
Gary E Mcguire
Main Address
P O BOX 13740, RTP, NC, 277093740
Website
www.itc-inc.orgNTEE Category
Code: U054 - Science research
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