Overview
What is Ret 3 Job Corp Inc?
Ret 3 Job Corp Inc, with its headquarters in Cleveland, Ohio, is a nonprofit organization dedicated to serving the community in various ways. Primarily, they focus on environmental protection by managing electronic waste and recycling electronic equipment. One of their significant activities involves donating refurbished computer equipment to schools, colleges, and other non-profit organizations, aiming to bridge the digital divide. In addition, they provide employment opportunities, offering training to transitional workforce participants and disabled veterans. Their workforce consists of 16 individuals. Furthermore, Ret 3 Job Corp Inc has made a notable impact in the community by partnering with organizations like the Cleveland Housing Network and Lorain County Community College to distribute computers in low-income households. They also process a significant amount of electronic waste, recycling over 500 tons or 1.3 million pounds annually.
Official website here: www.ret3.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
Ret 3 Job Corp Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The charity's overall score is 81%, which is based entirely on its Accountability & Finance metrics. This suggests that the organization demonstrates strong governance practices and a commitment to transparency.
One key strength noted in the evaluation is the composition of the board, which consists entirely of independent members, showcasing a robust governance structure. Additionally, the organization has maintained a low liabilities to assets ratio of 9.27%, which reflects financial stability. Notably, the charity allocates a significant portion of its expenses towards programs, with a program expense ratio of 93.61%, indicating effective use of funds.
While the organization performs well in various metrics, the score is solely based on financial accountability, leaving out any evaluations of program effectiveness or impact. This limitation suggests that while Ret 3 Job Corp Inc is financially sound, potential donors might seek additional information regarding the charity’s overall program outcomes and effectiveness before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Ret 3 Job Corp Inc legitimate?
Ret 3 Job Corp Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ret 3 Job Corp 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: $59,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $305,457
For more financial information, click here
Official website here: www.ret3.org
What is the mission statement of Ret 3 Job Corp Inc?
Ret 3 Job Corp Inc is dedicated to safeguarding the environment by managing and recycling electronic waste, and refurbishing electronic equipment for donation to schools and non-profit organizations. The organization also provides employment training for transitional workforce participants and disabled veterans. Additionally, it strives to promote technological competitiveness in a broader region by providing affordable refurbished computers to educational institutions.
Official website here: www.ret3.org
Who is the CEO of Ret 3 Job Corp Inc?
Kenneth J Kovatch Sr is the Trustee of Ret 3 Job Corp Inc.
Official website here: www.ret3.org
What is the revenue of Ret 3 Job Corp Inc?
Ret 3 Job Corp Inc's revenue in 2022 was $731,934.
Official website here: www.ret3.org
Who are the executives of Ret 3 Job Corp Inc and what are their salaries?
The average compensation at Ret 3 Job Corp Inc during 2022 was $22,816. There are 16 employees at Ret 3 Job Corp Inc.
Here are 8 key members and their salaries:
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Official website here: www.ret3.org
Where can I find the form 990 for Ret 3 Job Corp Inc?
Ret 3 Job Corp Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ret3.org
Learn more at the official website: www.ret3.org
Mission Statement of Ret 3 Job Corp Inc
Ret 3 Job Corp Inc, a dedicated environmental organization, is committed to safeguarding the environment by managing electronic waste and recycling electronic equipment. The nonprofit's mission extends beyond waste management, as it also seeks to donate refurbished computer equipment to schools and various non-profit organizations.
In addition to its environmental efforts, Ret 3 Job Corp Inc also focuses on providing employment opportunities. It offers training to transitional workforce participants and disabled veterans, aiming to equip them with the skills necessary to contribute to the workforce.
Moreover, Ret 3 Job Corp Inc strives to promote technological competitiveness in Northeast Ohio by providing low-cost refurbished computers to educational institutions. This initiative not only supports the learning process but also ensures that the region remains technologically advanced.
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Impact
June, 2024
Ret 3 Job Corp Inc's impact can be seen in their dedication to protecting the environment through managing electronic waste and recycling electronic equipment and components. In 2022 alone, the company donated over 13,000 refurbished computers and laptops to various colleges, schools, and organizations in need. These contributions were made through programs like the Old Brooklyns Ohio Community Development Centers Computers for Kids program, Connect Your Community program, and partnerships with organizations like the Cleveland Housing Network and Lorain County Community College. Additionally, Ret 3 Job Corp Inc processed over 500 tons (1,300,000 pounds) of electronic waste, further reducing environmental impact. Through their initiatives, they not only support education and nonprofits but also provide employment training opportunities to transitional workforce participants and disabled veterans. Their work promotes Northeast Ohio as technologically competitive while making a positive impact on the environment.
This information is meant to be a general summary of Ret 3 Job Corp 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.
- Program Service Revenue: $507,464
- Gross Receipts: $755,394
Assets and Liabilities:
- Total Assets: $383,567
- Total Liabilities: $41,683
- Net Assets: $341,884
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Recycling Income
Revenue
$292,195
Freight/Shipping
Revenue
$4,201
Scrap Sales
Revenue
$107,840
Miscellaneous
Revenue
$103,228
Organization Details
Founding Year
2003
Phone
(216) 361-9991Principal Officer
Kenneth J Kovatch Sr
Main Address
1814 E 40th Street UN Rear, Cleveland, OH, 441033532
Website
www.ret3.orgNTEE Category
Code: C27 - Environment
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