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Tech Foundry Inc

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

EIN: 464389001 ✦ Springfield, MA ✦ Designated as a 501(c)(3)

Overview

What is Tech Foundry Inc?

Tech Foundry Inc is a nonprofit organization established by local employers in response to a significant demand for a skilled IT workforce. Their mission is to create dynamic and adaptable IT workforce development and training programs, tailored to the specific needs of employers. By combining hands-on technical training with professional development, Tech Foundry aims to uplift an underserved, at-risk population, ultimately preparing them for sustainable careers in the IT sector. Situated in the Greater Springfield area of Massachusetts, which offers a low cost of living and high quality of life, the organization aims to overcome the region's growth challenges by providing a skilled workforce. Tech Foundry's services are offered at no cost to students, contributing to the development of a robust and scalable IT workforce that will attract and retain businesses in the area.


Official website here: www.thetechfoundry.org

Is Tech Foundry Inc legitimate?

Tech Foundry Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tech Foundry 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $508,472

For more financial information, click here


Official website here: www.thetechfoundry.org

What is the mission statement of Tech Foundry Inc?

Tech Foundry Inc, established by concerned employers recognizing a pressing need for a skilled IT workforce, is committed to constructing the most adaptable and versatile IT workforce development and training programs ever conceived. Driven by specific employer demands, the organization combines technical skill-focused training with professional development. This dual approach aids Tech Foundry in its primary objective to uplift an underserved, at-risk population into becoming tomorrow's IT workforce. The organization's programs aim to bridge the skill gap, making employers more inclined to establish and expand their operations in the region while retaining the existing talent.


Official website here: www.thetechfoundry.org

Who is the CEO of Tech Foundry Inc?

Mike Walker is the President of Tech Foundry Inc. The CEO's salary of Tech Foundry Inc is $135,000 and their total compensation is $135,000.


Official website here: www.thetechfoundry.org

What is the revenue of Tech Foundry Inc?

Tech Foundry Inc's revenue in 2023 was $978,208.


Official website here: www.thetechfoundry.org

Who are the executives of Tech Foundry Inc and what are their salaries?

The average compensation at Tech Foundry Inc during 2023 was $50,847. There are 10 employees at Tech Foundry Inc.

Here are 11 key members and their salaries (Tech Foundry Inc's CEO's salary is $135,000 and their total compensation is $135,000):

    Patricia Canavan (Ceo)
  • Compensation: $135,000
  • Related: $0
  • Other: $0

    • Mike Walker (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott W Foster (Clerk) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lynne Mills (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Delcie D Bean Iv (Past Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Diane Doherty (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ann Burke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dawn Creighton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Bialecki (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christina Royal (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tinsae Erkailo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.thetechfoundry.org

    Where can I find the form 990 for Tech Foundry Inc?

    The Tech Foundry Inc’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.thetechfoundry.org

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

    Mission Statement of Tech Foundry Inc

    Tech Foundry Inc, established by concerned local employers, is dedicated to constructing dynamic and adaptable IT workforce development and training programs. Their mission is to address a significant need in the workforce for skilled IT professionals. By combining hands-on technical training with professional development, Tech Foundry aims to uplift an under-served and at-risk population, preparing them for careers in the IT sector. Their ultimate goal is to elevate this population into tomorrow's workforce, thereby attracting businesses and employees to the region and retaining the existing talent.

    Impact

    This information is meant to be a general summary of Tech Foundry Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Tech Foundry Inc's impact is significant in addressing the critical need for a skilled IT workforce in the greater Springfield area of Massachusetts. By combining hands-on technical training with professional development, this organization is actively elevating an under-served and at-risk population into tomorrow's IT workforce. By preparing individuals for sustainable careers in the information technology sector, Tech Foundry is not only meeting specific employer demands but also contributing to the economic growth and viability of the region. Their programs, offered at no cost to students, are helping to bridge the gap between employer needs and workforce capabilities, ultimately creating more opportunities for businesses and employees in the community.





    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: $271
  • Program Service Revenue: $20,833
  • Gross Receipts: $978,208

    • Assets and Liabilities:
  • Total Assets: $588,803
  • Total Liabilities: $191,199
  • Net Assets: $397,604
  • Programs

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

    OTHER PROGRAM SERVICE FEES

    Revenue

    $20,000

    EXAM FEES

    Revenue

    $833

    Organization Details

    Founding Year

    2013

    Principal Officer

    Mike Walker

    Main Address

    1391 MAIN STREET 9TH FLOOR, SPRINGFIELD, MA, 01103

    NTEE Category

    Code: B30 - Education

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