Seneca Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 852737915 ✦ Deerfield, IL ✦ Designated as a 501(c)(3)

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Overview

What is Seneca Foundation Inc?

Seneca Foundation Inc, situated in Deerfield, Illinois, is a nonprofit organization committed to empowering underprivileged recent high school graduates. Their mission lies in providing paid training and employment opportunities in STEM fields. By participating in a six-month intensive program, these individuals gain practical experience before being hired by one of Seneca's partner organizations for a six-month apprenticeship. Throughout this experience, they earn a living wage. Seneca Foundation further supports these individuals by offering financial assistance towards a STEM degree, enabling them to advance their careers and education.


Official website here: www.senecafoundation.org

Is Seneca Foundation Inc legitimate?

Seneca Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seneca Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $347,770

For more financial information, click here


Official website here: www.senecafoundation.org

What is the mission statement of Seneca Foundation Inc?

The Seneca Foundation's mission is centered around supporting underprivileged recent high school graduates in the field of STEM. They provide these individuals with paid training and employment opportunities, enabling them to gain practical experience before pursuing a STEM degree further. The foundation offers financial assistance to help participants advance their careers and education. The Seneca Foundation's apprenticeship program involves a gap year where participants engage in a 6-month intensive training program, followed by permanent employment at a Seneca partner. Throughout the apprenticeship, participants are paid a living wage.


Official website here: www.senecafoundation.org

Who is the CEO of Seneca Foundation Inc?

James Whiteley is the Director of Seneca Foundation Inc.


Official website here: www.senecafoundation.org

What is the revenue of Seneca Foundation Inc?

Seneca Foundation Inc's revenue in 2021 was $750,000.


Official website here: www.senecafoundation.org

Who are the executives of Seneca Foundation Inc and what are their salaries?

The average compensation at Seneca Foundation Inc during 2021 was $19,321. There are 18 employees and 32 volunteers at Seneca Foundation Inc.


Here are 3 key members and their salaries:


James Whiteley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fidelis Umeh (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sanjuana Jaime-Nix (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.senecafoundation.org

Where can I find the form 990 for Seneca Foundation Inc?

Seneca Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.senecafoundation.org

Learn more at the official website: www.senecafoundation.org

Mission Statement of Seneca Foundation Inc

The Seneca Foundation, a nonprofit organization, is dedicated to empowering underprivileged recent high school graduates by providing them with paid training and employment opportunities in STEM fields. Through its mission, the foundation offers eligible participants financial assistance towards pursuing a STEM degree, thereby furthering their careers and education.

In a unique approach, Seneca Foundation's apprenticeship program allows participants to take a gap year to participate in the Seneca program, following which they commence their college journey after their apprenticeship. The apprenticeship itself involves a 6-month intensive training program, during which they are hired by a Seneca partner for permanent employment, starting with a six-month apprenticeship. Seneca apprentices are remunerated a living wage from the program's commencement.

In essence, Seneca Foundation serves as a stepping stone for underprivileged youth, providing them with the necessary tools and resources to succeed in the competitive world of STEM, thereby opening doors to a promising future.

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Impact




July, 2024

Seneca Foundation Inc is making a significant impact by providing underprivileged recent high school graduates with paid training and employment opportunities in STEM fields. Through their innovative apprenticeship program, participants benefit from a 6-month intensive training program followed by permanent employment at a Seneca partner organization. This initiative not only equips individuals with valuable skills and experience but also supports them in pursuing a STEM degree to further their career and education. By offering a pathway to meaningful employment and educational advancement, Seneca Foundation Inc is empowering young individuals to thrive in the field of STEM and contribute to the future of innovation and technology.




This information is meant to be a general summary of Seneca Foundation 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.

Revenue
$750,000 (2021)
Expenses
$509,542 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Gross Receipts: $750,000

Assets and Liabilities:

  • Total Assets: $249,373
  • Total Liabilities: $8,915
  • Net Assets: $240,458

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Organization Details

Founding Year

2020

Principal Officer

James Whiteley

Main Address

570 LAKE COOK ROAD SUITE 400, DEERFIELD, IL, 60015

NTEE Category

Code: J22 - Employment

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