Overview
What is Training And Simulation Technology Consortium Inc?
Training And Simulation Technology Consortium Inc, also known as the National Center for Simulation, is a nonprofit organization based in Orlando, Florida. Their primary mission is to support education in simulation technology at various levels through educational programs, teacher and student initiatives, and scholarship assistance. They aim to inform the general public about simulation technology and serve as a resource for professionals in government, industry, and academia. Additionally, they provide outreach by sharing simulation events, information, and research. The organization's purpose also includes assisting the U.S. government in implementing defense conversion, reinvestment, and transition assistance as per the Defense Conversion, Reinvestment, and Transition Assistance Act of 1992, with a workforce of 3 employees.
Official website here: www.simulationinformation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating.
Training And Simulation Technology Consortium Inc has received a solid Three-Star rating from Charity Navigator, with a score of 87% based solely on its Accountability & Finance. This rating indicates a strong commitment to financial oversight and transparency, reflecting a responsible management of resources in the most recent fiscal year, FY2022.
The organization excels in several areas, particularly with a fully independent board, having 100% of its members independent, and a robust audit and oversight committee. Additionally, they maintain excellent documentation practices, including board meeting minutes and a transparent conflict of interest policy. The program expense ratio of 69.36% suggests that a significant portion of its budget is directed towards its mission-related activities.
However, the organization has some weaknesses, such as the absence of a whistleblower policy and a document retention and destruction policy. Despite these limitations, the overall financial health and governance practices position Training And Simulation Technology Consortium Inc as a reliable nonprofit committed to its goals.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Training And Simulation Technology Consortium Inc?
98% of 14 reviewers on Facebook recommend Training And Simulation Technology Consortium Inc. Here is a summary of their reviews:
Many users express appreciation for the organization's commitment to enhancing training experiences through innovative simulation technologies. The testimonials highlight the effectiveness of their approach, suggesting that the nonprofit is successful in empowering individuals and organizations by improving their training processes.
Overall, the reviews reflect a strong approval of the services provided, indicating that users feel confident in the value offered by Training And Simulation Technology Consortium Inc. The positive sentiment suggests that the nonprofit is meeting or even exceeding expectations in its mission to support effective training solutions.
This AI summary has been generated from reviews found on Facebook.
Is Training And Simulation Technology Consortium Inc legitimate?
Training And Simulation Technology Consortium Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Training And Simulation Technology Consortium 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: $362,850
Professional Fundraising Fees: $0
Other Salaries and Wages: $131,767
For more financial information, click here
Official website here: www.simulationinformation.com
What is the mission statement of Training And Simulation Technology Consortium Inc?
The Training and Simulation Technology Consortium Inc's mission is centered around alleviating governmental burdens by aiding in the swift and vigorous execution of defense conversion, reinvestment, and transition assistance, as outlined in the Defense Conversion, Reinvestment, and Transition Assistance Act of 1992. To accomplish this, the organization focuses on supporting education in simulation technology at various levels through educational programs, teacher and student initiatives, and scholarship assistance. It also serves as a resource and information link for simulation professionals in government, industry, and academia, and extends its reach by sharing simulation events, information, and research.
Official website here: www.simulationinformation.com
Who is the CEO of Training And Simulation Technology Consortium Inc?
George Cheros is the Chair of Training And Simulation Technology Consortium Inc. The CEO's salary of Training And Simulation Technology Consortium Inc is $199,250 and their total compensation is $199,250.
Official website here: www.simulationinformation.com
What is the revenue of Training And Simulation Technology Consortium Inc?
Training And Simulation Technology Consortium Inc's revenue in 2022 was $1,371,743.
Official website here: www.simulationinformation.com
Who are the executives of Training And Simulation Technology Consortium Inc and what are their salaries?
The average compensation at Training And Simulation Technology Consortium Inc during 2022 was $164,872. There are 3 employees and 50 volunteers at Training And Simulation Technology Consortium Inc.
Here are 21 key members and their salaries (Training And Simulation Technology Consortium Inc's CEO's salary is $199,250 and their total compensation is $199,250):
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Official website here: www.simulationinformation.com
Where can I find the form 990 for Training And Simulation Technology Consortium Inc?
Training And Simulation Technology Consortium Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.simulationinformation.com
Learn more at the official website: www.simulationinformation.com
Mission Statement of Training And Simulation Technology Consortium Inc
The Training and Simulation Technology Consortium Inc is committed to alleviating governmental burdens by aiding the United States government in achieving prompt and vigorous implementation of defense conversion, reinvestment, and transition assistance, as outlined in the Defense Conversion, Reinvestment, and Transition Assistance Act of 1992. In simpler terms, this nonprofit organization works towards facilitating the smooth transition of defense-related industries and personnel into civilian sectors, ensuring a seamless and efficient process.
To accomplish its mission, the Training and Simulation Technology Consortium Inc focuses on various educational initiatives. It supports education in simulation technology at all levels, providing educational programs, initiatives for teachers and students, and scholarships to assist individuals in this field. Furthermore, the consortium serves as a resource and information link for simulation professionals in government, industry, and academia, advocating for and sharing information about simulation events and research.
In addition to its educational endeavors, the consortium also extends its outreach by sharing simulation events, information, and research with a broader audience. By doing so, it aims to inform the general public about the importance and applications of simulation technology. This multi-faceted approach by the Training and Simulation Technology Consortium Inc demonstrates its commitment to fostering growth and development within the simulation technology sector while supporting the broader community.
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Impact
July, 2024
Training And Simulation Technology Consortium Inc's impact lies in its support for education and outreach in simulation technology. By providing educational programs, teacher and student support initiatives, and scholarship assistance, the organization is helping to develop a skilled workforce in the field of simulation technology. Additionally, by serving as an information link and resource for simulation professionals in government, industry, and academia, the consortium is facilitating knowledge-sharing and collaboration in the field. Overall, the organization's efforts contribute to advancing the understanding and application of simulation technology, ultimately benefiting both the government and the broader public.
This information is meant to be a general summary of Training And Simulation Technology Consortium 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: $9
- Program Service Revenue: $1,257,462
- Gross Receipts: $1,437,509
Assets and Liabilities:
- Total Assets: $606,803
- Total Liabilities: $174,801
- Net Assets: $432,002
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TECH BUS SUPPORT
Revenue
$583,124
EDUCATION
Revenue
$326,940
TECH TRANSFER
Revenue
$271,950
MARKETING
Revenue
$75,448
Organization Details
Founding Year
1994
Phone
(407) 384-6111Principal Officer
George Cheros
Main Address
3039 TECHNOLOGY PARKWAY, ORLANDO, FL, 32826
NTEE Category
Code: Z99 - Unknown
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