National Career Technical Education Foundation Inc

Organization Overview

National Career Technical Education Foundation Inc, operating under the name The Center To Advance Cte, is located in Silver Spring, MD. The organization was established in 1991. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center To Advance Cte is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Center To Advance Cte generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.9% each year . All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 29.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO FOSTER THE SUPPORTS, RESOURCES AND PERSPECTIVES NECESSARY TO ENSURE HIGH-QUALITY CTE IS ADVANCED THROUGHOUT THE COUNTRY, LEADING TO A HIGHLY-SKILLED WORKFORCE AND PRODUCTIVE ECONOMY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION RECEIVES GRANTS/CONTRACTS AND PARTNERS WITH OTHERORGANIZATIONS TO DEVELOP THE RESOURCES AND SUPPORTS NECESSARY TO ENSUREHIGH-QUALITY CAREER TECHNICAL EDUCATION IS ADVANCED THROUGHOUT THECOUNTRY.


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Board, Officers & Key Employees

Name (title)Compensation
Katie Graham
Secretary-Treasurer
$0
Dr Sarah Heath
Past President
$0
Kimberly A Green
Executive Director
$0
Wendi Safstrom
Director
$0
Laura Scheibe
President
$0
Dr Nicole Smith
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,716,460
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,716,460
Total Program Service Revenue$3,114
Investment income $52,425
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,771,999

Grants Recieved

Over the last fiscal year, we have identified 8 grants that National Career Technical Education Foundation Inc has recieved totaling $6,486,582.

Awarding OrganizationAmount
Jp Morgan Chase Foundation

New York, NY

PURPOSE: IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS

$3,000,000
Ecmc Foundation

Minneapolis, MN

PURPOSE: Career Readiness

$1,261,582
Jp Morgan Chase Foundation

New York, NY

PURPOSE: IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS

$1,000,000
Bill & Melinda Gates Foundation

Seattle, WA

PURPOSE: POSTSECONDARY EDUCATION

$500,000
Annie E Casey Foundation

Baltimore, MD

PURPOSE: SUPPORT FOR IMPLEMENTATION OF STIMULUS TO SYSTEMS

$200,000
Annie E Casey Foundation

Baltimore, MD

PURPOSE: SUPPORT FOR IMPLEMENTATION OF STIMULUS TO SYSTEMS

$200,000
View Grant Recipient Profile

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