Overview
What is Career Accelerator Fund Corporation?
Career Accelerator Fund Corporation (CAFC) is a nonprofit organization situated in Indianapolis, Indiana. With a single employee, CAFC aims to bridge the financial gap in education for individuals from diverse backgrounds. Recognizing the importance of a diverse and inclusive workforce, CAFC serves as a funding clearinghouse, partnering with educational entities to utilize Progressive Income Share Agreements (PISA). This innovative funding mechanism, which does not charge interest, benefits students, employers, and states by providing a no-cost financial plan for tuition. CAFC's purpose is to make higher education more accessible, thereby fostering a more inclusive workforce.
Official website here: www.careeracceleratorfund.net
Is Career Accelerator Fund Corporation legitimate?
Career Accelerator Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Career Accelerator Fund Corporation 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: $31,250
For more financial information, click here
Official website here: www.careeracceleratorfund.net
What is the mission statement of Career Accelerator Fund Corporation?
The Career Accelerator Fund Corporation, a nonprofit organization, aims to provide financial access to education for students from various backgrounds. Recognizing the need for a diverse and inclusive workforce, the modern era requires a modern funding mechanism. The Career Accelerator Fund Corporation serves as a funding clearinghouse for student tuition, open to collaborating with educational entities interested in leveraging Progressive Income Share Agreements (PISA Funds) to benefit students, employers, and states. The organization's goal is to create a more inclusive workforce by making education more accessible to a wider range of individuals.
Official website here: www.careeracceleratorfund.net
Who is the CEO of Career Accelerator Fund Corporation?
Scott A Jones is the Board Chair of Career Accelerator Fund Corporation.
Official website here: www.careeracceleratorfund.net
What is the revenue of Career Accelerator Fund Corporation?
Career Accelerator Fund Corporation's revenue in 2020 was $762,211.
Official website here: www.careeracceleratorfund.net
Who are the executives of Career Accelerator Fund Corporation and what are their salaries?
The average compensation at Career Accelerator Fund Corporation during 2020 was $31,250. There is 1 employee and 2 volunteers at Career Accelerator Fund Corporation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $340,519
- Other: $15,043
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.careeracceleratorfund.net
Where can I find the form 990 for Career Accelerator Fund Corporation?
Career Accelerator Fund Corporation's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.careeracceleratorfund.net
Learn more at the official website: www.careeracceleratorfund.net
Mission Statement of Career Accelerator Fund Corporation
Career Accelerator Fund Corporation, a nonprofit organization, aims to bridge the financial gap in education for students from diverse backgrounds. Recognizing the importance of a diverse and inclusive workforce, the modern workforce requires employees from various walks of life. Career Accelerator Fund Corporation serves as a funding clearinghouse for student tuition, partnering with educational entities interested in leveraging Progressive Income Share Agreements (PISA Funds) to benefit students, employers, and states. By employing this innovative funding mechanism, the organization aims to facilitate financial access to education, thereby empowering students to contribute to the workforce and society at large.
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
October, 2024
Career Accelerator Fund Corporation (CAFC) significantly enhances financial access to education for students from diverse backgrounds. By functioning as a funding clearinghouse, CAFC introduces a modern funding mechanism tailored for the contemporary workforce, which increasingly demands diversity and inclusivity among its employees.
One of the key innovations CAFC offers is the Progressive Income Share Agreement (PISA), a no-interest payment plan that alleviates the financial burden on students pursuing higher education. This approach not only supports students in managing their tuition costs but also aligns with the needs of employers and the goals of educational institutions.
Through strategic partnerships with education entities, CAFC leverages PISA funds to create a collaborative ecosystem that benefits all stakeholders. By focusing on inclusivity and access, CAFC empowers students to enhance their skills and career prospects, thereby contributing to a more equitable and capable workforce. This initiative plays a crucial role in fostering a prosperous economy by ensuring that a broader range of individuals can participate in and benefit from educational opportunities, ultimately leading to a more diverse and skilled labor market.
This information is meant to be a general summary of Career Accelerator Fund Corporation. 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 2020.
- Program Service Revenue: $19,650
- Gross Receipts: $762,211
Assets and Liabilities:
- Total Assets: $989,000
- Total Liabilities: $18,326
- Net Assets: $970,674
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.
ADMINISTRATION FEES
Revenue
$10,000
APPLICATION FEE
Revenue
$9,650
Organization Details
Founding Year
2019
Phone
(855) 925-1150Principal Officer
Scott A Jones
Main Address
151 W OHIO STREET, INDIANAPOLIS, IN, 46204
NTEE Category
Code: B82 - Education
If you are a representative of Career Accelerator Fund Corporation 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.