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Center For Applied Research & Technology Inc

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

EIN: 200173258 ✦ Princeton, WV ✦ Designated as a 501(c)(3)

Overview

What is Center For Applied Research & Technology Inc?

Center for Applied Research & Technology Inc, based in Princeton, West Virginia, is a nonprofit organization with a focus on fostering technological innovation. Their mission involves collaborating with technology entrepreneurs to create prototypes, thereby supporting the growth of existing businesses or encouraging new business formation. This initiative aims to contribute to the economic development of the region. The organization's activities include conducting successful technology development programs for industrial sponsors and government agencies, as well as translating STEM (Science, Technology, Art, and Mathematics) into marketable products, processes, systems, and services for their sponsors. With a team of five dedicated individuals, they strive to produce outstanding applied research and generate self-sufficient financial returns.


Official website here: www.cartinc.com

Is Center For Applied Research & Technology Inc legitimate?

Center For Applied Research & Technology Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center For Applied Research & Technology 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.

Here are some key statistics you may want to consider:

Executive Compensation: $218,451
Professional Fundraising Fees: $0
Other Salaries and Wages: $20,595

For more financial information, click here


Official website here: www.cartinc.com

What is the mission statement of Center For Applied Research & Technology Inc?

The Center for Applied Research & Technology Inc., abbreviated as CART, has a mission to generate outstanding applied research and ensure financial self-sufficiency. They achieve this by successfully executing technology development programs for industrial sponsors and various government agencies. Furthermore, CART translates the fields of Science, Technology, Art, and Mathematics (STEM) into marketable products, processes, systems, and services for its sponsors, thereby contributing to their success.


Official website here: www.cartinc.com

Who is the CEO of Center For Applied Research & Technology Inc?

Bruce V Mutter is the President of Center For Applied Research & Technology Inc.


Official website here: www.cartinc.com

What is the revenue of Center For Applied Research & Technology Inc?

Center For Applied Research & Technology Inc's revenue in 2023 was $956,570.


Official website here: www.cartinc.com

Who are the executives of Center For Applied Research & Technology Inc and what are their salaries?

The average compensation at Center For Applied Research & Technology Inc during 2023 was $47,809. There are 5 employees at Center For Applied Research & Technology Inc.

Here are 6 key members and their salaries:

    Bruce V Mutter (President) [Trustee/Director]
  • Compensation: $145,798
  • Related: $0
  • Other: $12,343

    • Heather N Williams (Treas/Sec) [Trustee/Director]
  • Compensation: $72,653
  • Related: $0
  • Other: $17,333

    • Shannon Bowling (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Glen Ciboroski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frank Hart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frank Jenkins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.cartinc.com

    Where can I find the form 990 for Center For Applied Research & Technology Inc?

    The Center For Applied Research & Technology Inc’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.cartinc.com

    Learn more at the official website: www.cartinc.com

    Mission Statement of Center For Applied Research & Technology Inc

    The Center for Applied Research & Technology Inc, abbreviated as CART, is committed to achieving two primary objectives. Firstly, it aims to conduct successful technology development programs for various sponsors, including industrial entities and government agencies at the federal, state, and local levels. This initiative is designed to produce outstanding applied research and generate self-sufficient financial returns.

    Secondly, CART focuses on translating the disciplines of Science, Technology, Art, and Mathematics (STEM) into marketable products, processes, systems, and services. This transformation process is undertaken specifically for its sponsors. By doing so, CART contributes to the advancement of technology and innovation, leveraging its expertise to create tangible value for its partners.

    Impact

    This information is meant to be a general summary of Center For Applied Research & Technology Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Center For Applied Research & Technology Inc's impact lies in producing outstanding applied research and generating self-sufficient financial returns through successful technology development programs for industrial sponsors and government agencies. By translating science, technology, art, and mathematics (STEM) into marketable products, processes, systems, and services, CART fosters technology-based innovation for businesses, encourages business formation, and promotes economic development in the region.





    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: $17,537
  • Program Service Revenue: $574,033
  • Gross Receipts: $956,570

    • Assets and Liabilities:
  • Total Assets: $1,791,145
  • Total Liabilities: $8,512
  • Net Assets: $1,782,633
  • Programs

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

    CONTRACTS

    Revenue

    $574,033

    Organization Details

    Founding Year

    2003

    Principal Officer

    Bruce V Mutter

    Main Address

    143 CASCADE CIRCLE, PRINCETON, WV, 24740

    NTEE Category

    Code: B990 - Education

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