Charlottesville-Albermarle Technical Education Foundation Inc
- Assets
- $566.0k
- Revenue
- $17.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 11/1982
- Data as of
- 06/2022
- EIN
- 54-1035156
Organization Overview
Charlottesville-Albermarle Technical Education Foundation Inc is located in Charlottesville, VA. The organization was established in 1982. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlottesville-Albermarle Technical Education Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Charlottesville-Albermarle Technical Education Foundation Inc generated $17.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $34.1k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES SUPPORT TO THE CHARLOTTESVILLE-ALBEMARLE TECHNICAL EDUCATION CENTER TO IMPROVE ITS FACILITIES, TRAIN ITS STAFF AND PROVIDE SCHOLARSHIPS FOR STUDENTS ENROLLED IN THE CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES SUPPORT TO THE CHARLOTTESVILLE-ALBEMARLE TECHNICAL EDUCATION CENTER TO IMPROVE ITS FACILITIES, SUPPORT ITS STAFF, AND PROVIDE SCHOLARSHIPS TO ITS STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Brewer Vice Chair | OfficerTrustee | 2 | $0 |
Devy Goradia Treasurer | OfficerTrustee | 2 | $0 |
Linda Seaman Chair | OfficerTrustee | 2 | $0 |
Peggy Van Yahres Secretary | OfficerTrustee | $0 | |
Russell Madison Cummings Director | Trustee | $0 | |
Laura Fonner Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,025 |
| Total Program Service Revenue | $0 |
| Investment income | $11,043 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,143 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,211 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35 |
| Fees for services: Accounting | $2,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $275 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,000 |
| All other expenses | $0 |
| Total functional expenses | $34,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,200 |
| Savings and temporary cash investments | $589 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $560,259 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $566,048 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $566,048 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $566,048 |
Grants Awarded
Over the last fiscal year, Charlottesville-Albermarle Technical Education Foundation Inc has awarded $12,495 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
FATEMA DOST PURPOSE: SCHOLARSHIP RECIPIENT | $1,500 |
AMANDA GIMBERT PURPOSE: SCHOLARSHIP RECIPIENT | $1,000 |
KENLEY WOODS PURPOSE: SCHOLARSHIP RECIPIENT | $1,000 |
ALYYSA GIBSON PURPOSE: SCHOLARSHIP AWARD | $1,000 |
REBECCA GIMBERT PURPOSE: SCHOLARSHIP RECIPIENT | $1,000 |
LIAM MATHER KIDD PURPOSE: SCHOLARSHIP RECIPIENT | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Charlottesville-Albermarle Technical Education Foundation Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
National Philanthropic Tr Jenkintown, PA PURPOSE: EDUCATION | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedar Tree Academy Public Charter School Washington, DC | $23,312,011 | $10,362,283 |
Meba Training Plan Baltimore, MD | $15,796,900 | $7,564,374 |
Accreditation Alliance Of Career Schools And Colleges Arlington, VA | $26,046,219 | $7,869,062 |
Laurelbrook Sanitarium And School Incorporated Dayton, TN | $3,172,312 | $3,978,330 |
Brillare Beauty Institute Cleveland, TN | $1,097,021 | $2,779,261 |
Qualified Elevator Inspector Training Tr Columbia, MD | $488,825 | $1,547,894 |
Plumbers & Pipefitters Locals 352 & 572 Joint Apprenticeship Committee Nashville, TN | $1,903,387 | $1,719,621 |
Pathnorth Inc Washington, DC | $170,941 | $946,873 |
Tennessee Future Farmers Of America Foundation Inc Cookeville, TN | $8,783,000 | $1,550,962 |
Biotechnical Institutes Of Maryland Baltimore, MD | $870,239 | $730,410 |
Electrician Training Academy At Knoxville Knoxville, TN | $786,789 | $800,194 |
Virginia Technical Institute Altavista, VA | $3,192,036 | $814,315 |