Overview
What is The Center For Technology Enterprise & Development Inc?
The Center for Technology Enterprise & Development Inc., located in Delray Beach, Florida, is a nonprofit organization with a mission to support new and emerging businesses. Its primary purpose is to assist these businesses in managing risks and maximizing resources through a business incubator program. The organization is dedicated to promoting housing, employment, and economic development within the community. With a team of 12 dedicated individuals, The Center for Technology Enterprise & Development Inc. plays a significant role in fostering growth and prosperity in the local area.
Official website here: www.tedcenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star rating.
The Center For Technology Enterprise & Development Inc has received a solid rating of 75%, indicating a generally favorable assessment of its operations. The organization excels in its culture and community engagement, scoring 91 in that category. Additionally, it maintains a high program expense ratio of 88.89%, reflecting effective allocation of funds towards its mission.
Strengths of the nonprofit include a fully independent board, comprehensive financial audits, and a solid conflict of interest policy. These factors contribute to its strong accountability profile. However, the organization has notable limitations, such as missing policies related to whistleblower protections and document retention, which could impact its governance effectiveness.
Despite these gaps, the overall financial health of the organization seems strong, albeit with a relatively high liabilities to assets ratio at 97.89%, which may warrant further scrutiny. Overall, while The Center For Technology Enterprise & Development Inc demonstrates a commitment to transparency and community impact, addressing its policy shortcomings could enhance its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is The Center For Technology Enterprise & Development Inc legitimate?
The Center For Technology Enterprise & Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Center For Technology Enterprise & Development 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: $135,659
Professional Fundraising Fees: $0
Other Salaries and Wages: $484,570
For more financial information, click here
Official website here: www.tedcenter.org
What is the mission statement of The Center For Technology Enterprise & Development Inc?
The Center for Technology Enterprise & Development Inc's mission is centered around promoting housing, employment, and economic development within the community. In pursuit of this goal, they run a business incubator program designed to aid new and emerging businesses in managing risks and maximizing resources. By doing so, they contribute to the overall growth and well-being of the community.
Official website here: www.tedcenter.org
Who is the CEO of The Center For Technology Enterprise & Development Inc?
Tony Newbold is the Exec. Dir. of The Center For Technology Enterprise & Development Inc.
Official website here: www.tedcenter.org
What is the revenue of The Center For Technology Enterprise & Development Inc?
The Center For Technology Enterprise & Development Inc's revenue in 2022 was $803,648.
Official website here: www.tedcenter.org
Who are the executives of The Center For Technology Enterprise & Development Inc and what are their salaries?
The average compensation at The Center For Technology Enterprise & Development Inc during 2022 was $51,686. There are 12 employees and 8 volunteers at The Center For Technology Enterprise & Development Inc.
Here are 11 key members and their salaries:
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Official website here: www.tedcenter.org
Where can I find the form 990 for The Center For Technology Enterprise & Development Inc?
The Center For Technology Enterprise & Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tedcenter.org
Learn more at the official website: www.tedcenter.org
Mission Statement of The Center For Technology Enterprise & Development Inc
The Center for Technology Enterprise & Development Inc is committed to fostering housing, employment, and economic development within the community. In line with this mission, the organization operates a business incubator program designed to assist new and emerging businesses in managing risks and maximizing resources. This program aims to support the growth and success of local businesses, thereby contributing to the overall economic development of the community.
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Impact
July, 2024
The Center For Technology Enterprise & Development Inc's impact can be seen in its efforts to promote housing, employment, and economic development in the community of Delray Beach, Florida. Through its business incubator program, the organization assists new and emerging businesses in managing risks and maximizing resources. By focusing on community improvement, the Center For Technology Enterprise & Development Inc plays a vital role in fostering local entrepreneurship and economic growth.
This information is meant to be a general summary of The Center For Technology Enterprise & Development 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: -$2,041
- Program Service Revenue: $37,269
- Gross Receipts: $829,950
Assets and Liabilities:
- Total Assets: $630,392
- Total Liabilities: $510,394
- Net Assets: $119,998
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WOMEN'S BUSINESS CENTER
Revenue
$37,269
Organization Details
Founding Year
1992
Phone
(561) 265-3790Principal Officer
Tony Newbold
Main Address
401 W ATLANTIC AVE, DELRAY BEACH, FL, 33444
Website
www.tedcenter.orgNTEE Category
Code: S31Z - Community improvement
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