Overview
What is Texas Retailers Education Foundation?
The Texas Retailers Education Foundation, based in Austin, Texas, is a nonprofit organization that aims to enhance the Texas workforce. They achieve this by granting scholarships and funding educational programs focused on retail management, thereby preparing students for careers in retail. The foundation's mission is twofold: firstly, to improve the skillset of the current workforce; secondly, to promote awareness of the retail industry among potential employees in the community. By doing so, the Texas Retailers Education Foundation contributes to the growth and development of retail businesses in the state.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%, Four-Star out of Four Star rating. This high score reflects the Texas Retailers Education Foundation's strong performance in accountability and finance, showcasing its commitment to transparency and responsible management of resources. The foundation scored particularly well in areas such as having a fully independent board and no material diversion of assets.
The organization demonstrates excellent governance practices, with 100% of its board members being independent and maintaining comprehensive policies on conflicts of interest, whistleblower protection, and document retention. These practices contribute to a safe and ethical environment for operations, which is essential for donor trust.
While the foundation's program expense ratio is commendable at 67.77%, indicating a significant portion of expenditures goes directly to its mission, there may be room for improvement in maximizing these funds further. Nonetheless, the strong accountability measures assure stakeholders that their contributions are being utilized effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Texas Retailers Education Foundation legitimate?
Texas Retailers Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Retailers Education Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Texas Retailers Education Foundation?
The Texas Retailers Education Foundation's mission is centered around enhancing the workforce by providing scholarships and educational opportunities. It aims to educate aspiring retailers about essential business practices and industry-related issues. Furthermore, the foundation works towards increasing the awareness of the retail sector within the community, encouraging both current and potential employees to consider careers in retail. To achieve these objectives, the foundation offers educational grants and scholarships to fund retail management curriculums, preparing students for their future roles in the retail industry.
Who is the CEO of Texas Retailers Education Foundation?
John Mccord is the Exec Director of Texas Retailers Education Foundation.
What is the revenue of Texas Retailers Education Foundation?
Texas Retailers Education Foundation's revenue in 2022 was $34,973.
Who are the executives of Texas Retailers Education Foundation and what are their salaries?
There 10 volunteers at Texas Retailers Education Foundation.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Texas Retailers Education Foundation?
Texas Retailers Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Texas Retailers Education Foundation
The Texas Retailers Education Foundation, in its mission, strives to enhance the Texas workforce by providing scholarships and educational opportunities. Its primary goal is to educate aspiring retailers on essential business practices and issues, fostering a broader understanding of the retail sector within the community. The foundation accomplishes this by funding retail management curriculums, thereby preparing students for careers in retail. In essence, the Texas Retailers Education Foundation is dedicated to empowering individuals and fostering a skilled workforce within the retail industry, thereby contributing to its growth and development.
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Impact
August, 2024
The Texas Retailers Education Foundation has had a significant impact on the Texas workforce by funding scholarships and educational opportunities. Through its initiatives, the foundation has played a key role in educating potential retailers on essential business practices and issues. By expanding awareness of the retail industry to current and potential employees in the community, the foundation has helped prepare students for successful careers in retail management. This has ultimately contributed to the improvement of the Texas workforce and the overall development of the retail sector in the state.
This information is meant to be a general summary of Texas Retailers Education Foundation. 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: $25,613
- Gross Receipts: $34,973
Assets and Liabilities:
- Total Assets: $695,581
- Total Liabilities: $0
- Net Assets: $695,581
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Organization Details
Founding Year
2001
Principal Officer
John Mccord
Main Address
1005 Congress Ave Suite 900, Austin, TX, 78701
NTEE Category
Code: B03 - Education
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