Career Technical Education Foundation Inc
- Assets
- $5.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 01/2004
- Data as of
- 12/2021
- EIN
- 65-1183226
Organization Overview
Career Technical Education Foundation Inc is located in Lexington, KY. The organization was established in 2004. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Career 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 12/2021, Career Technical Education Foundation Inc generated $5.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (63.0%) each year. All expenses for the organization totaled $30.0 during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (97.8%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION RECEIVED IT'S FIRST DONATIONS IN 2021 AND WILL USE THESE FUNDS IN FUTURE YEARS TO SUPPORT THE MISSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Cercone III Director | 1 | $0 | |
Ladondra Cercone Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $5,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $30 |
| Total expenses | $30 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,970 |
| Other assets | $0 |
| Total assets | $4,970 |
| Total liabilities | $0 |
| Net assets or fund balances | $4,970 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Career Technical Education Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Stare Fund Boston, MA PURPOSE: UNRESTRICTED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Colleges Of Chicago Foundation Chicago, IL | $22,678,364 | $14,327,610 |
Big Ten Academic Alliance Champaign, IL | $13,766,841 | $9,203,675 |
Battelle For Kids Hilliard, OH | $8,986,527 | $5,810,919 |
St Christophers School Foundation Richmond, VA | $94,106,126 | $9,680,251 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |
Northwest Foundation Inc Maryville, MO | $55,922,802 | $14,720,589 |
Holy Family Ministries Chicago, IL | $16,241,007 | $8,503,495 |
Van Wert County Foundation Van Wert, OH | $84,063,134 | $5,243,606 |
Middlebury Community Schools Employee Benefit Trust Middlebury, IN | $1,426,617 | $4,992,187 |
Carrol W Hirsch Ta Brooklyn, OH | $78 | $994,416 |
Ohio Foundation Of Independent Colleges Inc Columbus, OH | $10,019,771 | $4,357,939 |
Knox Education Foundation Knoxville, TN | $6,393,317 | $5,852,579 |