Overview
What is Pennsylvania Assistive Technology Foundation?
The Pennsylvania Assistive Technology Foundation (PATF) is a community development financial institution (CDFI) and a nonprofit organization based in King of Prussia, Pennsylvania. Its primary mission is to provide education and financing opportunities for individuals with disabilities and older Pennsylvanians, enabling them to acquire assistive technology devices and services that enhance their quality of life. PATF offers no-interest mini-loans ranging from $100 to $7,000 and may also provide partial grants to eligible applicants. In addition, they act as a credit broker, collaborating with banks like Malvern Bank, Univest Bank, and WSFS Bank to extend low-interest loans ranging from $7,001 to $60,000 for assistive technology. If an applicant's credit does not meet traditional lending standards but demonstrates the ability and willingness to repay a loan, PATF may offer a loan guarantee of up to $35,000. Furthermore, PATF's staff provides extensive information and assistance services to Pennsylvanians, helping them explore other potential funding sources. PATF's offerings also include financial education and coaching, as well as underwriting activities related to borrowing, with loan repayments reported to credit bureaus to improve borrowers' creditworthiness. With a team of 17 employees, PATF is committed to supporting individuals with disabilities and older Pennsylvanians in their pursuit of assistive technology solutions.
Official website here: www.patf.us
Is Pennsylvania Assistive Technology Foundation legitimate?
Pennsylvania Assistive Technology Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pennsylvania Assistive Technology Foundation 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: $341,445
Professional Fundraising Fees: $0
Other Salaries and Wages: $870,061
For more financial information, click here
Official website here: www.patf.us
What is the mission statement of Pennsylvania Assistive Technology Foundation?
The Pennsylvania Assistive Technology Foundation, serving as a non-profit community development financial institution, aims to provide education and financing opportunities for individuals with disabilities and older adults. By doing so, the organization helps these individuals acquire assistive technology devices and services that enhance their quality of life. The foundation offers no-interest mini-loans ranging from $100 to $7,000, and partial grants to eligible applicants. Additionally, it acts as a credit broker, collaborating with banks to offer low-interest loans for larger assistive technology expenses. If an applicant's credit does not meet traditional lending standards, the foundation may provide a loan guarantee, up to $35,000. Furthermore, the foundation offers extensive information and assistance services to assist Pennsylvanians in exploring other potential funding sources.
Official website here: www.patf.us
Who is the CEO of Pennsylvania Assistive Technology Foundation?
Ben Laudermilch is the President of Pennsylvania Assistive Technology Foundation. The CEO's salary of Pennsylvania Assistive Technology Foundation is $67,768 and their total compensation is $88,637.
Official website here: www.patf.us
What is the revenue of Pennsylvania Assistive Technology Foundation?
Pennsylvania Assistive Technology Foundation's revenue in 2023 was $1,608,453.
Official website here: www.patf.us
Who are the executives of Pennsylvania Assistive Technology Foundation and what are their salaries?
The average compensation at Pennsylvania Assistive Technology Foundation during 2023 was $71,265. There are 17 employees and 50 volunteers at Pennsylvania Assistive Technology Foundation.
Here are 21 key members and their salaries (Pennsylvania Assistive Technology Foundation's CEO's salary is $67,768 and their total compensation is $88,637):
- Susan Tachau (Ceo Thru Sept, Cio Oct Thru June)
- Tracy Beck (Lending & Operations Director)
- Ben Laudermilch (Chief Executive Officer As Of Oct)
- Nancy Murray (President) [Trustee/Director]
- Peter Kennedy (Vice-President Through April) [Trustee/Director]
- Christine Mcginley (Co-Treasurer Through Dec) [Trustee/Director]
- Mitch Bilker (Co-Treasurer) [Trustee/Director]
- Melissa Rooney (Secretary) [Trustee/Director]
- Derek Baker Esq (Immediate Past President) [Trustee/Director]
- Josie Badger (Director Through October)
- Lisa Bryant (Director As Of July)
- Jeffrey W Cooper (Director)
- Sybille Damas (Director)
- Theresa Jenkinson (Director)
- Marylou Knabel (Director)
- Katherine Reim (Director)
- Kay Tyberg (Director)
- Dale Verchick (Director)
- Heidi E Sheehan Cpa (Director As Of April)
- Lisa M Robinson (Director As Of June)
- Charles W Horton Jr (Director As Of June)
Official website here: www.patf.us
Where can I find the form 990 for Pennsylvania Assistive Technology Foundation?
The Pennsylvania Assistive Technology Foundation’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.patf.us
Learn more at the official website: www.patf.us
Mission Statement of Pennsylvania Assistive Technology Foundation
The Pennsylvania Assistive Technology Foundation, a non-profit organization, is dedicated to providing education and financing opportunities for individuals with disabilities and older Pennsylvanians. Its mission is to assist these individuals in acquiring assistive technology devices and services that significantly enhance their quality of life. By acting as a Community Development Financial Institution (CDFI) and Pennsylvania's alternative financing program, as designated by the Assistive Technology Act, the foundation provides no-interest mini-loans ranging from $100 to $7,000 to eligible applicants. Additionally, the foundation offers partial grants to those who meet specific eligibility guidelines.
Beyond lending, the Pennsylvania Assistive Technology Foundation serves as a credit broker, partnering with Malvern Bank, Univest Bank, and WSFS Bank to offer low-interest loans ranging from $7,001 to $60,000 for assistive technology. If an applicant's credit does not meet traditional lending standards but demonstrates the ability and willingness to repay a loan, the foundation may provide a loan guarantee, up to $35,000. The foundation's staff offers extensive information and assistance services to Pennsylvanians, helping them explore potential funding sources. The foundation's services also include financial education and coaching, as well as underwriting activities related to borrowing. The foundation reports repayments to credit bureaus, allowing borrowers to improve their overall creditworthiness.
Impact
This information is meant to be a general summary of Pennsylvania Assistive Technology Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Pennsylvania Assistive Technology Foundation (PATF) has a significant impact on individuals with disabilities in Pennsylvania by providing education and financing opportunities for acquiring assistive technology devices and services. Through its no-interest mini-loans and low-interest loans in partnership with banks, PATF enables qualified applicants to access necessary assistive technology ranging from $100 to $60,000. Additionally, the organization offers grant opportunities for eligible borrowers and loan guarantees for those with credit challenges but a demonstrated ability to repay.
PATF's advocacy and support extend beyond financial assistance by providing comprehensive information, assistance services, and financial education to help individuals navigate funding sources and improve their credit worthiness. By empowering people with disabilities and older Pennsylvanians to access assistive technology that enhances their quality of life, PATF plays a crucial role in promoting independence, inclusion, and overall well-being within the community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Assets and Liabilities:
Organization Details
Founding Year
1998
Phone
(484) 674-0506
Principal Officer
Ben Laudermilch
Main Address
1004 W 9TH AVENUE FIRST FLOOR, KING OF PRUSSIA, PA, 19406
Website
www.patf.us
NTEE Category
Code: T70 - Philanthropy
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