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Iuoe Local 877 Apprentice Training & Skill Improvement Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 046849959 ✦ Norwood, MA ✦ Designated as a 501(c)(5)

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Overview

What is Iuoe Local 877 Apprentice Training & Skill Improvement Fund?

Iuoe Local 877 Apprentice Training & Skill Improvement Fund is a nonprofit organization situated in Norwood, Massachusetts. Their primary mission is to maintain a school, providing an ongoing supply of skilled engineers by training and enhancing the abilities of students. With a workforce of seven individuals, this fund is dedicated to nurturing and sustaining a pool of proficient engineers, ensuring a continuous contribution to the field.

Is Iuoe Local 877 Apprentice Training & Skill Improvement Fund legitimate?

Iuoe Local 877 Apprentice Training & Skill Improvement Fund is a legitimate nonprofit organization registered as a 501(c)(5) entity. Iuoe Local 877 Apprentice Training & Skill Improvement 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $45,646

For more financial information, click here

What is the mission statement of Iuoe Local 877 Apprentice Training & Skill Improvement Fund?

The Iuoe Local 877 Apprentice Training & Skill Improvement Fund operates a school with the primary objective of educating and enhancing the skills of its students. The fundamental goal is to create a continuous and ample supply of proficient engineers. This is achieved through rigorous training and skill development programs offered at the school. The fund's mission is to equip students with the necessary knowledge and expertise, ensuring a steady workforce of skilled engineers in various fields.

Who is the CEO of Iuoe Local 877 Apprentice Training & Skill Improvement Fund?

Michael Cannistraro is the Trustee - Eff 9/22 of Iuoe Local 877 Apprentice Training & Skill Improvement Fund.

What is the revenue of Iuoe Local 877 Apprentice Training & Skill Improvement Fund?

Iuoe Local 877 Apprentice Training & Skill Improvement Fund's revenue in 2023 was $228,139.

Who are the executives of Iuoe Local 877 Apprentice Training & Skill Improvement Fund and what are their salaries?

The average compensation at Iuoe Local 877 Apprentice Training & Skill Improvement Fund during 2023 was $6,521. There are 7 employees at Iuoe Local 877 Apprentice Training & Skill Improvement Fund.


Here are 3 key members and their salaries:


Michael Cannistraro (Trustee - Eff 9/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Pisano (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Pero (International Supervisor - Thru 8/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Iuoe Local 877 Apprentice Training & Skill Improvement Fund?

Iuoe Local 877 Apprentice Training & Skill Improvement Fund's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Iuoe Local 877 Apprentice Training & Skill Improvement Fund

Iuoe Local 877 Apprentice Training & Skill Improvement Fund is dedicated to maintaining a school that serves to educate and enhance the skills of its students. The primary objective of this nonprofit organization is to create and sustain a continuous and sufficient pool of skilled engineers. By providing comprehensive training, Iuoe Local 877 aims to equip its students with the necessary competencies to make significant contributions to their respective fields. This mission is crucial in ensuring there is a steady supply of skilled professionals in the engineering sector.

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Impact




October, 2024

The impact of the Iuoe Local 877 Apprentice Training & Skill Improvement Fund is significant in fostering a skilled workforce of engineers. By maintaining a dedicated training school, the Fund enhances the technical abilities of both current members and potential members of Iuoe Local 877. This commitment to vocational training not only addresses the immediate need for skilled labor in the engineering sector but also ensures a continuous supply of qualified professionals ready to meet industry demands.

The training programs offered help to elevate the standard of work within the community, contributing to higher overall productivity and safety in various engineering fields. As students acquire essential skills, they are better equipped to perform their jobs effectively, leading to enhanced job security and career advancement opportunities. Furthermore, the Fund's emphasis on skill improvement encourages lifelong learning and adaptability in an ever-evolving industry, thus promoting sustainable employment practices and economic growth in the region. Overall, the Fund plays a crucial role in empowering individuals while simultaneously strengthening the engineering workforce as a whole.




This information is meant to be a general summary of Iuoe Local 877 Apprentice Training & Skill Improvement 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.

Revenue
$228,139 (2023)
Expenses
$166,763 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,997
  • Program Service Revenue: $226,142
  • Gross Receipts: $228,139

Assets and Liabilities:

  • Total Assets: $477,434
  • Total Liabilities: $203,426
  • Net Assets: $274,008

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION FEE

Revenue

$120,842

EMPLOYER CONTRIBUTIONS

Revenue

$105,300

Organization Details

Founding Year

1998

Principal Officer

Michael Cannistraro

Main Address

89 ACCESS ROAD UNIT 4, NORWOOD, MA, 020625233

NTEE Category

Code: J22 - Employment

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