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Northern New England Center For Financial Training

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

EIN: 010511583 ✦ Springvale, ME ✦ Designated as a 501(c)(3)

Overview

What is Northern New England Center For Financial Training?

The Northern New England Center for Financial Training is a nonprofit organization situated in Springville, Maine. Their primary mission is to empower individuals by offering specialized, relevant, and affordable educational programs. These programs aim to equip bank employees with industry-specific background, knowledge, and education about the financial services industry, as well as general business knowledge essential for career advancement. The center covers expenses such as textbooks, instructor salaries, facilities, meals, and miscellaneous costs to ensure the success of its programs. With a small team of two dedicated employees, the Northern New England Center for Financial Training strives to support organizations and strengthen communities, contributing to positive change.


Official website here: www.cftea.org

Is Northern New England Center For Financial Training legitimate?

Northern New England Center For Financial Training is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northern New England Center For Financial Training 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.

Here are some key statistics you may want to consider:

Executive Compensation: $83,560
Professional Fundraising Fees: $0
Other Salaries and Wages: $65,456

For more financial information, click here


Official website here: www.cftea.org

What is the mission statement of Northern New England Center For Financial Training?

The Northern New England Center for Financial Training strives to empower students, support organizations, and strengthen communities by delivering specialized, relevant, and affordable educational programs. Their mission is geared towards helping individuals achieve their goals, aiding organizations in realizing success, and fostering positive change within communities. The center provides educational programs that offer bank employees industry-specific background, knowledge, and education about the financial services industry, as well as general business knowledge necessary for career participation and competition. In essence, the Northern New England Center for Financial Training is committed to empowering individuals, aiding organizations, and strengthening communities through accessible and affordable educational programs that enhance industry and business knowledge.


Official website here: www.cftea.org

Who is the CEO of Northern New England Center For Financial Training?

Andrew Lederer is the Director of Northern New England Center For Financial Training.


Official website here: www.cftea.org

What is the revenue of Northern New England Center For Financial Training?

Northern New England Center For Financial Training's revenue in 2023 was $473,995.


Official website here: www.cftea.org

Who are the executives of Northern New England Center For Financial Training and what are their salaries?

The average compensation at Northern New England Center For Financial Training during 2023 was $74,508. There are 2 employees at Northern New England Center For Financial Training.

Here are 21 key members and their salaries:

    Andrew Lederer (Executive Director)
  • Compensation: $78,560
  • Related: $0
  • Other: $11,430

    • Margaret Collamorecampbell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Arielle Darling (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brea Hatch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Engel (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Terri Cook (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pete Joslin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chrissy Fratzel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lise Patterson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Melissa Green (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marcia Benner (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Judy Folsom (Secretary/Clerk) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Holt (Vp Marketing) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Julie Stevens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Danielle Violette (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joe Happnie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katrina Randlett (Vp Education) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nancy Hines (Vp Finance) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nicole Mailhot (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Thomas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marjorie Mcavoy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.cftea.org

    Where can I find the form 990 for Northern New England Center For Financial Training?

    The Northern New England Center For Financial Training’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.cftea.org

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

    Mission Statement of Northern New England Center For Financial Training

    The Northern New England Center for Financial Training is committed to empowering individuals, supporting organizations, and strengthening communities by delivering specialized, relevant, and affordable educational programs. This mission aims to help students achieve their goals, enable organizations to realize success, and ultimately contribute to the creation of positive change within communities. By providing educational programs, the Center offers industry-specific background, knowledge, and education about the financial services industry, as well as general business knowledge required for career participation and competition. The Center covers expenses such as textbooks, instructor salaries, facilities, meals, and miscellaneous expenses to ensure the success of its programs.

    Impact

    This information is meant to be a general summary of Northern New England Center For Financial Training. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    The impact of Northern New England Center for Financial Training is evident in its dedication to empowering students to achieve their goals, supporting organizations to realize success, and strengthening communities to create positive change. By delivering specialized, relevant, and affordable educational programs, the center is equipping bank employees with industry-specific background knowledge and education about the financial services industry, along with the general business knowledge necessary to excel in their careers. Through expenses that cover textbooks, materials, instructor salaries, facilities, meals, and miscellaneous expenses, the center is making a significant contribution to the professional development of individuals in the financial services sector. This focus on education not only benefits individuals but also contributes to the overall growth and competitiveness of the industry.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $576
  • Program Service Revenue: $458,311
  • Gross Receipts: $473,995

    • Assets and Liabilities:
  • Total Assets: $465,470
  • Total Liabilities: $153,127
  • Net Assets: $312,343
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SELF-PACED ONLINE

    Revenue

    $230,848

    GUIDED LEARNING

    Revenue

    $96,455

    TEXTBOOKS

    Revenue

    $67,577

    LIVE CLASSES

    Revenue

    $30,603

    INSTRUCTOR LED ONLINE

    Revenue

    $19,949

    Organization Details

    Founding Year

    1995

    Principal Officer

    Andrew Lederer

    Main Address

    PO BOX 365, SPRINGVALE, ME, 04083

    NTEE Category

    Code: B60 - Education

    If you are a representative of Northern New England Center For Financial Training 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.