Overview
What is Gaston Innovation Group Inc?
Gaston Innovation Group Inc, also known as TechWorks Gaston, is a nonprofit organization situated in Belmont, North Carolina. Their primary mission is to enhance the socio-economic conditions of the community by promoting digital inclusion, fostering small businesses, and encouraging technological advancement in Gaston County. In 2022, they served 1,031 youth through various STEM programs such as coding clubs, robotics camps, and competitions. They also implemented growth entrepreneurial mindset (GEM) training for middle school youth and adults. The city of Belmont and the North Carolina Department of Commerce provided funding to subsidize their K-12 STEM and operational expenses. TechWorks Gaston aims to provide opportunities for upward mobility for the low to moderate income population by expanding access to high-speed internet and technology classes, and partnering with local colleges and schools.
Official website here: www.techworksgaston.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 41%, Zero-Star out of Four Star rating.
Gaston Innovation Group Inc has received a low score of 41%, which is indicative of significant concerns regarding its accountability and financial practices. While the organization has a fully independent board, achieving full points in that area, it lacks proper financial transparency. The absence of financial statements and a missing tax form on its website severely detracts from its overall financial accountability.
Despite some strengths, such as a documented conflict of interest policy and whistleblower policy, the organization shows a troubling financial ratio, with liabilities exceeding assets at 123.04%. Additionally, a low program expense ratio of 36.33% raises concerns about its effectiveness in utilizing funds for its intended charitable programs. Overall, the data suggests that Gaston Innovation Group Inc may have substantial limitations that potential donors should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Gaston Innovation Group Inc legitimate?
Gaston Innovation Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gaston Innovation Group 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: $110,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.techworksgaston.com
What is the mission statement of Gaston Innovation Group Inc?
The Gaston Innovation Group Inc, operating under the name TechWorks Gaston, was established with the objective of enhancing the socio-economic conditions for residents in North Carolina, specifically in Gaston County. Their primary focus is to stimulate employment growth by promoting digital inclusion, fostering small businesses and entrepreneurship, and advancing technology. The organization acknowledges the need for these initiatives due to the challenging economic circumstances in the county, which has the highest unemployment rate and poverty rate among neighboring NC counties. TechWorks Gaston aims to improve upward mobility for the low to moderate income population by providing access to high-speed internet, specialized technology classes, a digital roadmap with digital literacy tools and training, and collaborations with local educational institutions and organizations.
Official website here: www.techworksgaston.com
Who is the CEO of Gaston Innovation Group Inc?
Terry Cox is the Executive Dir. of Gaston Innovation Group Inc.
Official website here: www.techworksgaston.com
What is the revenue of Gaston Innovation Group Inc?
Gaston Innovation Group Inc's revenue in 2022 was $766,164.
Official website here: www.techworksgaston.com
Who are the executives of Gaston Innovation Group Inc and what are their salaries?
The average compensation at Gaston Innovation Group Inc during 2022 was $110,000. There is 1 employee and 31 volunteers at Gaston Innovation Group Inc.
Here are 9 key members and their salaries:
- Compensation: $110,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.techworksgaston.com
Where can I find the form 990 for Gaston Innovation Group Inc?
Gaston Innovation Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.techworksgaston.com
Learn more at the official website: www.techworksgaston.com
Mission Statement of Gaston Innovation Group Inc
Gaston Innovation Group Inc, operating under the name TechWorks Gaston, is a nonprofit organization with a mission to enhance the socio-economic conditions of citizens in North Carolina's Gaston County. The primary goal of this organization is to stimulate job growth and upward mobility for the low to moderate income population in the county. It aims to achieve this by focusing on three key areas: digital inclusion, small business formation and entrepreneurship, and the advancement of technology.
To accomplish these objectives, Gaston Innovation Group Inc plans to develop and deliver a range of programs and services. These include expanding access to high-speed internet, providing specially-designed coding and technology classes, creating a digital roadmap with digital literacy tools and training, and forming partnerships with local colleges, K-12 schools, and other organizations. The ultimate aim is to empower individuals in the county and provide them with the necessary skills to succeed in today's digital age and contribute to job growth in the area.
The challenging economic conditions in Gaston County, marked by a high unemployment rate and poverty rate, have necessitated the establishment of TechWorks Gaston. Recognizing this need, Gaston Innovation Group Inc is poised to play a pivotal role in improving the socio-economic conditions of the county's citizens, ultimately contributing to a more prosperous and inclusive community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Gaston Innovation Group Inc, operating as TechWorks Gaston, is making a tangible impact on the socio-economic conditions of Gaston County, North Carolina. By focusing on stimulating job growth through digital inclusion, small business formation, entrepreneurship, and technology advancement, the organization is addressing the pressing needs of the community.
Specifically, TechWorks Gaston has been instrumental in providing opportunities for upward mobility for the low to moderate income population in Gaston County. Through initiatives like K-12 STEM classes, robotics programs, coding clubs, and entrepreneurship training, the organization is equipping the youth and adults with essential skills for success in the digital age.
Furthermore, TechWorks Gaston's collaborations with local schools, colleges, and other organizations are crucial in creating a supportive ecosystem for innovation and economic development in the region. By expanding access to high-speed internet, digital literacy tools, and specialized technology classes, the organization is paving the way for a more inclusive and thriving community in Gaston County.
Through its dedicated efforts and programs, Gaston Innovation Group Inc is actively contributing to the improvement of the socio-economic landscape of Gaston County, helping to bridge the digital divide and create opportunities for growth and prosperity in the region.
This information is meant to be a general summary of Gaston Innovation Group 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: $8,710
- Gross Receipts: $766,164
Assets and Liabilities:
- Total Assets: $287,294
- Total Liabilities: $353,501
- Net Assets: -$66,207
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Certification Testing
Revenue
$1,711
Entrepreneurial Programs
Revenue
$240
Tech Education
Revenue
$6,759
Organization Details
Founding Year
2016
Phone
(704) 604-4808Principal Officer
Terry Cox
Main Address
52A Ervin Street, Belmont, NC, 28012
Website
www.techworksgaston.comNTEE Category
Code: S19 - Community improvement
If you are a representative of Gaston Innovation Group Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.