Overview
What is Foundation For Californias Technology And Innovation Economy?
The Foundation for California's Technology and Innovation Economy is a nonprofit organization situated in Los Angeles, California. Its primary mission is to educate the public about the crucial role technology and innovation play in the economic and civic prosperity of the state. By hosting educational events, conducting research, engaging in communications, outreach, and advocacy, the foundation aims to demonstrate how the technology and innovation sector generates jobs, positively impacts the state budget, and fosters civic engagement. The organization serves as a vital bridge between the technology industry and policymakers, ensuring that California remains at the forefront of technological advancements and innovation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, Two-Star out of Four Star rating.
The Foundation for California's Technology and Innovation Economy has received a 63% rating from Charity Navigator, reflecting a Two-Star designation. This rating is based solely on the organization's performance in Accountability & Finance, indicating that while there are some strengths, there are also areas needing improvement.
The organization boasts a fully independent board, which is a significant strength, along with a favorable liabilities to assets ratio of 0.00%. Additionally, the foundation has demonstrated good practices by documenting board meeting minutes and showing no material diversion of assets. However, their program expense ratio stands at 62.08%, which, while it shows that over half of their expenditures go toward programs, suggests that there is room for enhancement in how funds are allocated to maximize impact.
Overall, while the Foundation for California's Technology and Innovation Economy maintains strong governance practices, the low score indicates challenges in financial efficiency that could hinder its mission. Stakeholders may want to consider these factors when assessing the organization's effectiveness in fulfilling its goals.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Californias Technology And Innovation Economy legitimate?
Foundation For Californias Technology And Innovation Economy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Californias Technology And Innovation Economy 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
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What is the mission statement of Foundation For Californias Technology And Innovation Economy?
The Foundation for California's Technology and Innovation Economy is dedicated to educating the general public about the significant role technology and innovation play in the economic and civic prosperity of the state. They achieve this mission through various means, including education events, research, communications, outreach, and advocacy. By showcasing how the technology and innovation sector generates jobs, contributes to the state budget, and fosters civic engagement, the organization aims to raise awareness and promote understanding of this sector's impact. Additionally, they engage in advocacy efforts to inform legislators about developments within the technology industry.
Who is the CEO of Foundation For Californias Technology And Innovation Economy?
Gina Frisby is the President/Director of Foundation For Californias Technology And Innovation Economy.
What is the revenue of Foundation For Californias Technology And Innovation Economy?
Foundation For Californias Technology And Innovation Economy's revenue in 2022 was $209,957.
Who are the executives of Foundation For Californias Technology And Innovation Economy and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Foundation For Californias Technology And Innovation Economy?
Foundation For Californias Technology And Innovation Economy's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Foundation For Californias Technology And Innovation Economy
The Foundation for California's Technology and Innovation Economy is committed to enlightening Californians about the significant role technology and innovation play in the state's economic and civic prosperity. Through various educational events, research, communications, outreach, and advocacy initiatives, the organization aims to demonstrate how the technology and innovation sector generates jobs, positively impacts the state budget, and fosters civic engagement. By showcasing these aspects, the organization seeks to educate Californians about the significance of this sector to their state's overall success.
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Impact
October, 2024
Foundation For California's Technology and Innovation Economy impacts the state by educating Californians on the crucial role that technology and innovation play in economic and civic success. Through educational events, research initiatives, communication strategies, outreach, and advocacy, the foundation highlights how the technology sector not only generates jobs but also enhances the state budget and encourages civic engagement.
By informing legislators and the public about industry developments, the organization fosters a better understanding of the benefits of technology, which can lead to informed policymaking and strategic investment in innovation. This cultivation of knowledge and awareness supports a thriving economic environment in California, positioning the state as a leader in the technology sector while promoting overall community well-being and civic participation.
This information is meant to be a general summary of Foundation For Californias Technology And Innovation Economy. 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.
- Gross Receipts: $487,283
Assets and Liabilities:
- Total Assets: $579,627
- Total Liabilities: $0
- Net Assets: $579,627
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Organization Details
Founding Year
2017
Phone
(213) 452-6565Principal Officer
Gina Frisby
Main Address
777 S FIGUEROA STREET 4050, LOS ANGELES, CA, 900175864
NTEE Category
Code: U05 - Science research
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