Is Technology Entrepreneur Center Inc…

Quick charity verification for Technology Entrepreneur Center Inc (EIN: 141870269)

Red Flags

Consistent operating deficits in recent years (2021-2023), with expenses exceeding revenues.
0% officer compensation reported across all filings, which is unusual and may obscure true administrative costs.
Significant fluctuations in revenue year-over-year, making financial planning and stability potentially challenging.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.

Spending Breakdown

How Technology Entrepreneur Center Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Technology Entrepreneur Center Inc

Is Technology Entrepreneur Center Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Technology Entrepreneur Center Inc (EIN: 141870269) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 4 strengths noted.

Is Technology Entrepreneur Center Inc a good charity to donate to?

Technology Entrepreneur Center Inc has a Mission Score of 65/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Technology Entrepreneur Center Inc?

The Employer Identification Number (EIN) for Technology Entrepreneur Center Inc is 141870269. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Technology Entrepreneur Center Inc spend its money?

Technology Entrepreneur Center Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Technology Entrepreneur Center Inc's tax-exempt status?

You can verify Technology Entrepreneur Center Inc's tax-exempt status using EIN 141870269 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Technology Entrepreneur Center Inc (TEC) demonstrates a fluctuating financial performance over the past decade. In 2023, the organization reported revenues of $3,999,870 against expenses of $4,199,227, resulting in a deficit for the year. This follows a trend from 2022 and 2021 where expenses exceeded revenues. However, earlier years like 2019 and 2017 showed significant surpluses, with 2019 revenue at $6,597,534 against expenses of $1,720,490. The organization's assets have generally grown, reaching $13,689,156 in 2023, but liabilities have also increased, standing at $6,602,622 in the same year. The consistent reporting of 0% officer compensation across all filings suggests either a volunteer-led executive team or compensation being reported under other expense categories, which could impact transparency regarding leadership costs.

While the organization's assets have shown growth, the recent trend of expenses exceeding revenues in multiple consecutive years (2021-2023) warrants attention, as it could indicate a reliance on prior year surpluses or other funding sources not immediately apparent. The lack of reported officer compensation, while potentially a positive for efficiency, also raises questions about the full picture of administrative costs if executive salaries are embedded elsewhere. The NTEE code S43 (Business & Commerce, Entrepreneurship) aligns with the organization's name, suggesting a clear programmatic focus. However, without a detailed breakdown of expenses (program, admin, fundraising), it's challenging to fully assess spending efficiency.

Overall, TEC appears to be an established organization with substantial assets. Its financial health shows periods of strong revenue generation and asset growth, but also recent years of operating deficits. The transparency regarding executive compensation is a notable point, requiring further investigation to understand the true cost of leadership and administration. A more detailed expense breakdown would be beneficial for a complete assessment of spending efficiency and program focus.

Is Technology Entrepreneur Center Inc Legit?

Verdict: Technology Entrepreneur Center Inc shows mixed signals