Overview
What is Central Tech Foundation Inc?
The Central Tech Foundation Inc, based in Drumright, Oklahoma, is a dedicated nonprofit organization. Its primary mission is to champion and bolster vocational and technical education. By focusing on institutions specializing in these areas, the Central Tech Foundation plays a vital role in fostering and advancing these educational sectors. Headquartered in Drumright, this organization continues to make significant contributions to the field of vocational and technical education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
Central Tech Foundation Inc has received a 73% score from Charity Navigator, indicating a Two-Star rating. This score primarily reflects the organization's strong performance in Accountability & Finance, with a perfect score in key areas such as independent board membership and the absence of material asset diversion. The foundation demonstrates a commitment to transparency by documenting board meeting minutes.
The organization shows a commendable program expense ratio of 94.74%, suggesting that most of its expenditures are directed towards its mission-related activities. Additionally, the ratio of liabilities to assets is reported at 0.00%, indicating a solid financial standing with no liabilities, which is a positive aspect of its financial health.
However, while the organization excels in several financial metrics, the overall rating may reflect limitations in other operational areas that are not captured in the current assessment. Potential donors or supporters might want to consider these factors when evaluating the foundation’s overall effectiveness and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Central Tech Foundation Inc legitimate?
Central Tech Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Tech Foundation Inc submitted a form 990EZ, 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.
What is the mission statement of Central Tech Foundation Inc?
The Central Tech Foundation, as an organization, is dedicated to advancing vocational and technical education. Their mission is to provide support to such institutions, aiming to foster growth in this particular field. The Central Tech Foundation operates as a specialist organization, focusing its efforts on vocational and technical schools.
Who is the CEO of Central Tech Foundation Inc?
Wendell Bookout is the President of Central Tech Foundation Inc.
What is the revenue of Central Tech Foundation Inc?
Central Tech Foundation Inc's revenue in 2022 was $36,708.
Who are the executives of Central Tech Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990EZ for Central Tech Foundation Inc?
Central Tech Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Central Tech Foundation Inc
Central Tech Foundation Inc is dedicated to championing the cause of vocational and technical education. This nonprofit organization serves as a strong advocate for institutions specializing in such fields, working tirelessly to promote their growth and development. Based on the information provided, it appears that Central Tech Foundation Inc's mission is geared towards supporting these schools and fostering an environment that encourages the advancement of vocational and technical education.
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Impact
August, 2024
Central Tech Foundation Inc has a significant impact on promoting vocational technical education. By supporting vocational and technical schools, the foundation plays a crucial role in equipping individuals with the skills and training needed to succeed in various industries. Their focus on vocational education helps individuals gain practical skills that are highly relevant in the job market. The foundation's efforts contribute to the development of a skilled workforce and help bridge the gap between education and employment. Through their initiatives, Central Tech Foundation Inc is actively working towards creating opportunities for individuals to thrive in their chosen careers and make meaningful contributions to the workforce.
This information is meant to be a general summary of Central Tech 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: $1,504
- Gross Receipts: $36,708
Assets and Liabilities:
- Total Assets: $463,662
- Total Liabilities: $0
- Net Assets: $463,662
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Organization Details
Phone
(918) 747-7000Principal Officer
Wendell Bookout
Main Address
3 CENTRAL TECH DRIVE, DRUMRIGHT, OK, 74030
NTEE Category
Code: B90 - Education
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