Overview
What is New England Laborers Training Trust Fund?
The New England Laborers Training Trust Fund is a nonprofit organization headquartered at 37 East Street, Hopkinton, Massachusetts, 01748. Its primary focus is to offer prevocational, vocational, and advancement training, re-training, and education to individuals in the field of construction. Weekly allowances are provided to help trainees cover living expenses while attending classes. The organization's mission includes teaching safety standards and collective bargaining obligations, empowering individuals to enhance their skills and professional growth within the construction industry.
Official website here: www.nelaborerstraining.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
The New England Laborers Training Trust Fund has received a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The rating is derived solely from an impressive Accountability & Finance score of 96%, indicating that the organization is effectively managing its resources and operating in a trustworthy manner.
Key strengths include a fully independent board, with 100% of its members meeting independence criteria, and a high program expense ratio of 83.08%. This suggests that a significant portion of its funds is being directed towards its core mission, which is vital for nonprofits focused on training and development. Additionally, the presence of comprehensive policies for conflict of interest, whistleblower protections, and asset management further showcases the organization's commitment to ethical governance.
While the data reflects a well-managed organization, potential donors and stakeholders may want to consider the specific training programs and outcomes provided by the Trust Fund to assess its overall impact on the community it serves. However, based on financial metrics and governance practices, the New England Laborers Training Trust Fund appears to be a reliable and effective nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is New England Laborers Training Trust Fund legitimate?
New England Laborers Training Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. New England Laborers Training Trust Fund 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: $629,464
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,986,761
For more financial information, click here
Official website here: www.nelaborerstraining.org
What is the mission statement of New England Laborers Training Trust Fund?
The New England Laborers Training Trust Fund is dedicated to providing comprehensive training, retraining, and education to individuals in the construction industry. This organization aims to equip workers with essential vocational skills and safety standards knowledge. Furthermore, it is their responsibility to educate individuals about their collective bargaining obligations. Through weekly allowances, the Trust Fund enables trainees to manage their living expenses while attending classes. In summary, the New England Laborers Training Trust Fund's mission is to provide opportunities for skill development, safety awareness, and collective bargaining education to individuals in the construction sector.
Official website here: www.nelaborerstraining.org
Who is the CEO of New England Laborers Training Trust Fund?
Rodney G Frias is the Secretary of New England Laborers Training Trust Fund.
Official website here: www.nelaborerstraining.org
What is the revenue of New England Laborers Training Trust Fund?
New England Laborers Training Trust Fund's revenue in 2022 was $21,790,205.
Official website here: www.nelaborerstraining.org
Who are the executives of New England Laborers Training Trust Fund and what are their salaries?
The average compensation at New England Laborers Training Trust Fund during 2022 was $51,660. There are 70 employees at New England Laborers Training Trust Fund.
Here are 17 key members and their salaries:
- Compensation: $212,954
- Related: $0
- Other: $111,195
- Compensation: $193,291
- Related: $0
- Other: $112,024
- Compensation: $122,536
- Related: $0
- Other: $91,505
- Compensation: $117,448
- Related: $0
- Other: $91,486
- Compensation: $117,448
- Related: $0
- Other: $90,030
- Compensation: $117,448
- Related: $0
- Other: $90,030
- Compensation: $117,448
- Related: $0
- Other: $90,030
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nelaborerstraining.org
Where can I find the form 990 for New England Laborers Training Trust Fund?
New England Laborers Training Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nelaborerstraining.org
Learn more at the official website: www.nelaborerstraining.org
Mission Statement of New England Laborers Training Trust Fund
The New England Laborers Training Trust Fund is a nonprofit organization dedicated to providing preventative, vocational, and advanced training, retraining, and education to individuals in the field of construction. Established with the mission to equip workers with the necessary skills and knowledge, the Trust Fund goes above and beyond by educating them about safety standards and their collective bargaining obligations.
Through weekly training classes, the New England Laborers Training Trust Fund offers a unique opportunity for individuals to excel in their vocation and learn the intricacies of the construction industry. The organization understands the importance of living expenses during training, and as a result, provides a weekly allowance to help trainees manage their costs. This thoughtful approach ensures that financial burdens do not hinder the learning process.
Moreover, the Trust Fund emphasizes the significance of safety standards, recognizing that a safe work environment is essential for the well-being of workers and the success of projects. By educating trainees about safety regulations, the organization fosters a culture of safety that permeates the construction industry. Additionally, the Trust Fund's commitment to collective bargaining obligations empowers workers to understand their rights and responsibilities, contributing to a harmonious and productive workforce.
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Impact
October, 2024
The New England Laborers Training Trust Fund significantly impacts the workforce by providing essential vocational and advancement training in the construction field. Through its programs, individuals receive the education necessary to succeed in various construction-related careers, ensuring they are well-prepared for the demands of the industry.
By offering retraining opportunities, the Fund helps workers adapt to changing technologies and practices, fostering a skilled labor pool that meets current job market needs. Additionally, the emphasis on safety standards ensures that individuals not only advance their skills but also prioritize workplace safety, ultimately contributing to safer job sites.
Participants in the training programs benefit from a weekly allowance, which alleviates living expenses while they focus on their education, making it accessible for many who might otherwise face financial barriers. This comprehensive approach to training and education not only empowers individuals but also strengthens the entire construction industry in New England, promoting economic stability and growth.
This information is meant to be a general summary of New England Laborers Training Trust Fund. 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: $4,303,841
- Program Service Revenue: $16,623,015
- Gross Receipts: $29,128,027
Assets and Liabilities:
- Total Assets: $106,507,660
- Total Liabilities: $18,747,575
- Net Assets: $87,760,085
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYERS CONTRIBUTIONS
Revenue
$16,307,286
TRAINING FEES
Revenue
$315,729
Organization Details
Founding Year
1968
Phone
(508) 435-6316Principal Officer
Rodney G Frias
Main Address
37 EAST STREET, HOPKINTON, MA, 01748
Website
www.nelaborerstraining.orgNTEE Category
Code: J120 - Employment
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