Overview
What is International Association For Continuing Education & Training?
The International Association for Continuing Education & Training, based in Sterling, Virginia, is a distinguished nonprofit organization committed to enhancing the global workforce. Their primary function involves reviewing companies across various industries to certify their adherence to best practices in adult learning and professional training. They achieve this by successfully mastering IACET's rigorous accreditation process, in line with the ANSI/IACET 1-2018 standard. The association's mission is to improve the quality of continuing education and training worldwide through accreditation, aiming to advance the global workforce using a standard framework for quality learning. With a staff of nine dedicated individuals, they strive to uphold the highest standards in continuing education and training.
Official website here: www.iacet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Star rating (69%). This rating indicates that the International Association For Continuing Education & Training is facing challenges in certain areas of accountability and financial management. While the organization has a largely independent board, scoring full points in that area, the absence of financial statements negatively affects its overall score.
Strengths of the organization include its commitment to transparency in governance, as evidenced by their conflict of interest policy and whistleblower policy being in place. Additionally, the organization maintains a healthy liabilities to assets ratio of 45.28% and a program expense ratio of 68.65%, suggesting that a good portion of their budget is directed towards programs rather than administrative expenses.
However, the organization is lacking in critical areas, such as failing to provide financial statements and the presence of material diversions of assets, both of which are serious issues that impact trust and accountability. The missing tax form on their website further exacerbates these concerns, underlining the need for improved financial transparency and management practices.
This AI summary has been generated from information found on Charity Navigator.
Is International Association For Continuing Education & Training legitimate?
International Association For Continuing Education & Training is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Association For Continuing Education & Training 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: $326,964
Professional Fundraising Fees: $0
Other Salaries and Wages: $414,604
For more financial information, click here
Official website here: www.iacet.org
What is the mission statement of International Association For Continuing Education & Training?
The International Association for Continuing Education & Training's mission is centered around enhancing the global workforce by establishing a universal standard for high-quality learning and continuing education. Their primary objective is to improve the quality of continuing education and training worldwide through accreditation. This is accomplished by reviewing various industries' companies to confirm their commitment to best practices in adult learning and professional training, as demonstrated by successfully passing IACET's rigorous accreditation process, in accordance with the ANSI/IACET 1-2018 standard.
Official website here: www.iacet.org
Who is the CEO of International Association For Continuing Education & Training?
Randall Bowman is the Chief Information Officer of International Association For Continuing Education & Training. The CEO's salary of International Association For Continuing Education & Training is $205,135 and their total compensation is $410,270.
Official website here: www.iacet.org
What is the revenue of International Association For Continuing Education & Training?
International Association For Continuing Education & Training's revenue in 2022 was $1,582,191.
Official website here: www.iacet.org
Who are the executives of International Association For Continuing Education & Training and what are their salaries?
The average compensation at International Association For Continuing Education & Training during 2022 was $82,396. There are 9 employees and 70 volunteers at International Association For Continuing Education & Training.
Here are 15 key members and their salaries (International Association For Continuing Education & Training's CEO's salary is $205,135 and their total compensation is $410,270):
- Compensation: $205,135
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- Other: $205,135
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Official website here: www.iacet.org
Where can I find the form 990 for International Association For Continuing Education & Training?
International Association For Continuing Education & Training's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iacet.org
Learn more at the official website: www.iacet.org
Mission Statement of International Association For Continuing Education & Training
The International Association for Continuing Education & Training, often abbreviated as IACET, is committed to enhancing the global workforce by establishing a universally recognized standard for high-quality learning and continuous education. Their mission, in simpler terms, is to elevate the standard of continuing education and professional training worldwide. They achieve this by accrediting organizations across various industries, ensuring that these companies adhere to the best practices in adult learning and professional training, as outlined in the ANSI/IACET 1-2018 standard. Through a rigorous accreditation process, IACET confirms that applicant companies are genuinely dedicated to fostering a culture of continuous learning and professional development.
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Impact
July, 2024
The International Association for Continuing Education & Training (IACET) is a key player in advancing the global workforce by setting the standard framework for quality learning and continuing education. Through its accreditation and commission processes, IACET reviews companies across various industries to ensure they are committed to best practices in adult learning and professional training. By successfully mastering IACET's rigorous accreditation process according to the ANSI/IACET 1-2018 standard, organizations demonstrate their dedication to providing high-quality education and training. In doing so, IACET plays a vital role in improving the quality of continuing education and training worldwide, ultimately contributing to the enhancement of professional development and skills across different sectors.
This information is meant to be a general summary of International Association For Continuing Education & Training. 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: $18,564
- Program Service Revenue: $1,548,521
- Gross Receipts: $1,582,191
Assets and Liabilities:
- Total Assets: $833,514
- Total Liabilities: $377,419
- Net Assets: $456,095
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Annual Maintenance Fee
Revenue
$785,592
Accreditation Fees
Revenue
$607,745
Workshops & Programs
Revenue
$155,184
Organization Details
Founding Year
1977
Phone
(703) 763-0705Principal Officer
Randall Bowman
Main Address
45591 Dulles Eastern Plaza Ste 132, Sterling, VA, 20166
Website
www.iacet.orgNTEE Category
Code: B60C - Education
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