Overview
What is Augusta Electrical Jatc?
Augusta Electrical JATC, based in Newport, Maine, is a nonprofit organization with a specific mission. Located at PO Box 220, 142 Elm Street, they primarily offer apprenticeship training in the electrical construction industry. Their primary goal is to provide both classroom instruction and on-the-job training for electrical journeyworkers, ensuring they acquire the necessary skills to excel in their field. With a small workforce of just 10 individuals, Augusta Electrical JATC is dedicated to fostering growth and development in the electrical industry.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
The Augusta Electrical Jatc has achieved an 82% score on Charity Navigator, indicating a solid level of accountability and finance management. This rating is primarily based on its accountability and finance score, reflecting strong governance practices, including a fully independent board and meticulous financial oversight.
One notable strength of the organization is its commitment to transparency, as evidenced by its comprehensive financial statements and the documentation of board meeting minutes. The organization also maintains a low liabilities to assets ratio of 5.57%, suggesting a stable financial position and prudent asset management.
However, while the score reflects strong operational practices, the evaluation is solely based on financial metrics. Potential donors may want to consider additional qualitative factors such as program impact and community engagement when making their contributions. Overall, Augusta Electrical Jatc demonstrates a commendable level of accountability, positioning itself as a reliable choice for supporters looking to invest in their mission.
This AI summary has been generated from information found on Charity Navigator.
Is Augusta Electrical Jatc legitimate?
Augusta Electrical Jatc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Augusta Electrical Jatc 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $125,003
Professional Fundraising Fees: $0
Other Salaries and Wages: $78,634
For more financial information, click here
What is the mission statement of Augusta Electrical Jatc?
The Augusta Electrical Jatc is committed to providing apprenticeship training in the electrical construction industry. Their mission is to offer both theoretical and practical electrical training, as well as overseeing on-the-job training for electrical journeyworkers. This organization aims to equip individuals with the necessary skills to excel in the electrical construction sector, ultimately contributing to the industry's growth and development.
Who is the CEO of Augusta Electrical Jatc?
Nicholas Paquet is the President of Augusta Electrical Jatc.
What is the revenue of Augusta Electrical Jatc?
Augusta Electrical Jatc's revenue in 2022 was $570,980.
Who are the executives of Augusta Electrical Jatc and what are their salaries?
The average compensation at Augusta Electrical Jatc during 2022 was $20,364. There are 10 employees at Augusta Electrical Jatc.
Here are 7 key members and their salaries:
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- Compensation: $105,029
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- Other: $19,974
Where can I find the form 990 for Augusta Electrical Jatc?
Augusta Electrical Jatc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Augusta Electrical Jatc
Augusta Electrical JATC, a renowned organization, is committed to providing apprenticeship training in the electrical construction industry. Their primary mission is to equip individuals with the necessary electrical skills through structured training programs. This nonprofit goes beyond just theoretical education, overseeing on-the-job training for electrical journeyworkers as well. By offering comprehensive electrical training, Augusta Electrical JATC plays a significant role in shaping the future of the electrical construction industry.
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Impact
July, 2024
Augusta Electrical JATC's impact lies in providing apprenticeship training in the electrical construction industry. Through its programs, it equips individuals with the skills and knowledge needed to excel in this field, ultimately contributing to a skilled workforce in the electrical industry. By overseeing on-the-job training for electrical journeymen, Augusta Electrical JATC plays a crucial role in shaping the next generation of electricians and ensuring that they are well-prepared for successful careers. This, in turn, helps to meet the demands of the industry and promote employment opportunities in the electrical sector.
This information is meant to be a general summary of Augusta Electrical Jatc. Please take the time to review official sources before making any decisions based upon the content provided here.
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 2022.
- Investment Income: $2,468
- Program Service Revenue: $44,897
- Gross Receipts: $570,980
Assets and Liabilities:
- Total Assets: $828,750
- Total Liabilities: $90,000
- Net Assets: $738,750
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOOK SALES
Revenue
$44,897
Organization Details
Founding Year
1976
Phone
(207) 453-0135Principal Officer
Nicholas Paquet
Main Address
PO BOX 220 142 ELM STREET, NEWPORT, ME, 04953
NTEE Category
Code: J22 - Employment
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