Overview
What is International Transportation Innovation Center?
The International Transportation Innovation Center (ITIC) is a nonprofit organization situated in Greenville, South Carolina. Their primary mission is to support and promote the automotive test track and various charitable, educational, and scientific activities overseen by the South Carolina Technology & Aviation Center (SCTAC) Board of Directors. The ITIC manages and developed a test track owned by SCTAC, which is utilized by various users for various purposes such as research and development, testing and validation, driver training and education, and demonstrations. The organization, with a small team of just two employees, is dedicated to fostering advancements in transportation innovation and technology.
Official website here: www.itic-sc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The International Transportation Innovation Center has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score is primarily based on its strong performance in accountability and finance, demonstrating a commitment to transparency and responsible management of funds.
The organization excels in several areas, including maintaining a fully independent board and adhering to best practices with comprehensive policies such as conflict of interest and whistleblower protections. Its program expense ratio is commendable at 85.86%, reflecting a significant portion of its resources directed towards its mission-driven programs.
However, a notable concern is its liabilities to assets ratio, which stands at 92.62%, indicating potential financial risk. While the organization shows several strengths in governance and financial integrity, this high ratio suggests caution regarding its long-term financial viability. Overall, while the International Transportation Innovation Center demonstrates a strong commitment to transparency, stakeholders may want to monitor its financial position closely.
This AI summary has been generated from information found on Charity Navigator.
Is International Transportation Innovation Center legitimate?
International Transportation Innovation Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Transportation Innovation Center 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: $33,712
Professional Fundraising Fees: $0
Other Salaries and Wages: $189,781
For more financial information, click here
Official website here: www.itic-sc.com
What is the mission statement of International Transportation Innovation Center?
The International Transportation Innovation Center's mission is centered around promoting and supporting the activities of the South Carolina Technology & Aviation Center (SCTAC) Board of Directors. This encompasses charitable, educational, and scientific endeavors, particularly in relation to an automotive test track. The center's role is to facilitate and develop the usage of this test track, serving various purposes such as research and development, testing and validation, driver training, education, and demonstrations for a diverse range of users.
Official website here: www.itic-sc.com
Who is the CEO of International Transportation Innovation Center?
Benny Joe Bryson Jr is the Executive Di of International Transportation Innovation Center.
Official website here: www.itic-sc.com
What is the revenue of International Transportation Innovation Center?
International Transportation Innovation Center's revenue in 2022 was $2,061,155.
Official website here: www.itic-sc.com
Who are the executives of International Transportation Innovation Center and what are their salaries?
The average compensation at International Transportation Innovation Center during 2022 was $111,746. There are 2 employees at International Transportation Innovation Center.
Here are 4 key members and their salaries:
- Compensation: $7,500
- Related: $188,211
- Other: $91,350
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.itic-sc.com
Where can I find the form 990 for International Transportation Innovation Center?
International Transportation Innovation Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.itic-sc.com
Learn more at the official website: www.itic-sc.com
Mission Statement of International Transportation Innovation Center
The International Transportation Innovation Center (ITIC) is committed to promoting and supporting the automotive test track and charitable, educational, and scientific activities of the South Carolina Technology & Aviation Center (SCTAC) Board of Directors. In essence, ITIC serves as an advocate for SCTAC, aiding in the utilization and development of the test track facility. Various users, including researchers, developers, testers, educators, and demonstrators, make use of the test track facilities for various purposes such as research, testing, training, education, and demonstrations.
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Impact
July, 2024
The International Transportation Innovation Center's impact lies in its promotion and support of the automotive test track and various charitable, educational, and scientific activities at the South Carolina Technology & Aviation Center (SCTAC) in Greenville, SC. By managing and developing the test track owned by SCTAC, ITIC facilitates the use of the facilities for research and development, testing, driver training, education, and demonstrations. This enables a variety of users to advance their work in the automotive industry and related fields, contributing to innovation and progress in transportation technologies.
This information is meant to be a general summary of International Transportation Innovation Center. 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.
- Program Service Revenue: $2,061,155
- Gross Receipts: $2,061,155
Assets and Liabilities:
- Total Assets: $17,659,957
- Total Liabilities: $16,356,965
- Net Assets: $1,302,992
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TEST TRACK & FACILITY FEES
Revenue
$1,649,715
BROKERAGE FEE REIMBURSEMENT
Revenue
$252,708
INTEREST FROM LEASES
Revenue
$158,732
Organization Details
Founding Year
2010
Phone
(864) 277-3152Principal Officer
Benny Joe Bryson Jr
Main Address
ONE NORTH MAIN ST SUITE 201, GREENVILLE, SC, 29601
Website
www.itic-sc.comNTEE Category
Code: S30 - Community improvement
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