Overview
What is Finishing Trades Institute Of New England?
Finishing Trades Institute of New England is a distinguished nonprofit organization dedicated to empowering eligible individuals through a blend of formal classroom education and practical on-the-job training. Serving as an employment training organization, it focuses on honing skills and providing valuable job opportunities within its respective field.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The Finishing Trades Institute of New England has earned a Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization achieved an overall score of 86%, indicating that it meets high standards in financial management and transparency, with a focus solely on accountability metrics.
Key strengths include a fully independent board, comprising 12 members, and effective oversight mechanisms, evidenced by perfect scores in areas such as audit and oversight committee functions and material diversion of assets. Additionally, the organization dedicates a significant portion of its budget to program expenses, with a reported ratio of 71.62%, suggesting a strong focus on its mission-driven activities.
While the ratings are generally favorable, it's important for donors to consider that the assessment is based exclusively on accountability and finance metrics. There are no insights provided regarding the impact or effectiveness of the organization's programs, which could be a factor for those looking for a more comprehensive evaluation of its overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Finishing Trades Institute Of New England legitimate?
Finishing Trades Institute Of New England is a legitimate nonprofit organization registered as a 501(c)(3) entity. Finishing Trades Institute Of New England 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: $752,988
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Finishing Trades Institute Of New England?
The Finishing Trades Institute of New England is dedicated to educating eligible individuals, providing them with both formal classroom instruction and practical on-the-job training. Acting as an employment training organization, its mission is to equip individuals with the necessary skills, thereby enhancing their employability in various fields.
Who is the CEO of Finishing Trades Institute Of New England?
Eric Redding is the Trustee of Finishing Trades Institute Of New England.
What is the revenue of Finishing Trades Institute Of New England?
Finishing Trades Institute Of New England's revenue in 2023 was $6,472,923.
Who are the executives of Finishing Trades Institute Of New England and what are their salaries?
The average compensation at Finishing Trades Institute Of New England during 2023 was $20,916. There are 36 employees at Finishing Trades Institute Of New England.
Here are 17 key members and their salaries:
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- Compensation: $166,635
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- Compensation: $145,484
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- Compensation: $142,724
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- Compensation: $145,257
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- Other: $68,942
Where can I find the form 990 for Finishing Trades Institute Of New England?
Finishing Trades Institute Of New England's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Finishing Trades Institute Of New England
The Finishing Trades Institute of New England is dedicated to educating eligible individuals, providing them with a blend of formal classroom instruction and practical on-the-job training. Serving as an employment training organization, its mission is to equip these individuals with the necessary skills to secure meaningful employment in their respective fields. By offering a balanced approach to learning, the institute ensures its students gain both theoretical knowledge and practical experience, enhancing their employability and career prospects.
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Impact
July, 2024
Finishing Trades Institute Of New England's impact is evident in the skilled workforce it helps develop through its formal classroom instruction and on-the-job training programs. By focusing on education for eligible individuals, it plays a vital role in preparing individuals for employment in the finishing trades industry. The institute's efforts contribute to building a qualified workforce, meeting industry needs, and providing opportunities for individuals to enter and excel in the workforce.
This information is meant to be a general summary of Finishing Trades Institute Of New England. 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 2023.
- Investment Income: $338,265
- Program Service Revenue: $5,924,609
- Gross Receipts: $6,529,789
Assets and Liabilities:
- Total Assets: $18,141,555
- Total Liabilities: $2,303,029
- Net Assets: $15,838,526
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$5,924,609
Organization Details
Founding Year
1965
Phone
(617) 524-0248Principal Officer
Eric Redding
Main Address
25 COLGATE ROAD, ROSLINDALE, MA, 02131
NTEE Category
Code: J22Z - Employment
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