Overview
What is Technology Education Foundation Inc?
Technology Education Foundation Inc, based in Madison, Wisconsin, is a nonprofit organization that plays a significant role in promoting learning through technology. They grant funds to facilitate the procurement of computers and related equipment for various classrooms in public schools, libraries, and other educational organizations. The foundation's mission is to support the advancement and education of individuals by providing them with essential information technology hardware and software, enabling them to learn effectively within a suitable facility. With a team of just two dedicated individuals, Technology Education Foundation Inc continues to contribute to the digital education landscape in Wisconsin and beyond.
Official website here: www.techedfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
The Technology Education Foundation Inc has received a Three-Star rating from Charity Navigator, indicating an overall score of 76%. This rating is based entirely on their Accountability & Finance score, which reflects the organization's financial health and transparency practices. Notably, the foundation has achieved a perfect score in several areas, including having a majority of independent board members and no material diversion of assets.
Strengths of the organization include a high program expense ratio of 88.06%, suggesting that a significant portion of its funds is directed toward its educational initiatives. Additionally, the foundation has demonstrated strong governance with all board members being independent and compliant in areas such as document management and the disclosure of board meeting minutes.
However, there are areas for improvement, particularly in governance policies, as the organization lacks both a conflict of interest policy and a whistleblower policy, which impacted their overall accountability score. Addressing these shortcomings could enhance their transparency and governance practices, improving their standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Technology Education Foundation Inc legitimate?
Technology Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Technology Education Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $18,101
For more financial information, click here
Official website here: www.techedfoundation.com
What is the mission statement of Technology Education Foundation Inc?
The Technology Education Foundation Inc's mission is centered around supporting the advancement and education of individuals. They achieve this by providing information technology hardware and software to public schools, libraries, or other non-profit educational organizations that have facilities for individuals to learn to use such computer equipment. This foundation aims to bridge the digital divide and facilitate access to technology education for a wider population. Their activities have led to the funding of computer purchases for various classrooms, thereby enhancing digital learning opportunities.
Official website here: www.techedfoundation.com
Who is the CEO of Technology Education Foundation Inc?
Brett Rimkus is the President of Technology Education Foundation Inc.
Official website here: www.techedfoundation.com
What is the revenue of Technology Education Foundation Inc?
Technology Education Foundation Inc's revenue in 2023 was $143,773.
Official website here: www.techedfoundation.com
Who are the executives of Technology Education Foundation Inc and what are their salaries?
The average compensation at Technology Education Foundation Inc during 2023 was $9,050. There are 2 employees and 325 volunteers at Technology Education Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.techedfoundation.com
Where can I find the form 990 for Technology Education Foundation Inc?
Technology Education Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.techedfoundation.com
Learn more at the official website: www.techedfoundation.com
Mission Statement of Technology Education Foundation Inc
The Technology Education Foundation Inc is committed to supporting the advancement and education of individuals. They achieve this by providing information technology hardware and software to public schools, libraries, or other non-profit educational organizations that have a facility for individuals to learn to use such computer equipment. This mission is aimed at bridging the digital divide and ensuring that everyone has access to the necessary tools for learning and growth in the digital age. The foundation has been instrumental in funding the purchase of computers and computer equipment for various classrooms, thereby enhancing the learning experience and promoting digital literacy.
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Impact
October, 2024
Technology Education Foundation Inc significantly enhances educational opportunities by providing essential information technology hardware and software to public schools, libraries, and other non-profit educational organizations. Their efforts directly support the advancement and education of individuals, creating environments where students and community members can access and learn to use cutting-edge technology.
Through the granting of funds, they have facilitated the purchase of computers and related equipment for classrooms, ensuring that students have the tools they need to succeed in an increasingly digital world. This access not only improves digital literacy but also fosters a learning atmosphere that encourages innovation and prepares individuals for future opportunities.
By bridging the technology gap in various educational settings, Technology Education Foundation Inc plays a crucial role in equipping the next generation with the skills and resources necessary to thrive in today's technology-driven society. Their impact is felt in improved educational outcomes and the empowerment of individuals to utilize technology effectively for personal and professional growth.
This information is meant to be a general summary of Technology Education 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 2023.
- Investment Income: $18,419
- Gross Receipts: $349,131
Assets and Liabilities:
- Total Assets: $990,208
- Total Liabilities: $11,830
- Net Assets: $978,378
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Organization Details
Founding Year
2004
Phone
(608) 661-1143Principal Officer
Brett Rimkus
Main Address
PO BOX 44787, MADISON, WI, 53744
Website
www.techedfoundation.comNTEE Category
Code: B90 - Education
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