Overview
What is Local 57 Operating Engineers Apprenticeship & Skill Improvement Fund?
Local 57 Operating Engineers Apprenticeship & Skill Improvement Fund is a nonprofit organization situated in Johnston, Rhode Island (02919). Its primary objective is to foster the education and development of individuals seeking to enter the construction industry, as well as to enhance the skills of existing professionals. The fund offers apprenticeship training to newcomers and provides opportunities for skill improvement for established journeypersons in the construction sector. With a dedicated workforce of 31 individuals, the fund aims to equip its members with the necessary knowledge and abilities to excel in their respective roles within the construction industry.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Local 57 Operating Engineers Apprenticeship & Skill Improvement Fund has received a two-star rating from Charity Navigator, indicating that it requires improvement in several areas. Its overall score is 67%, which reflects some positive financial oversight, such as a perfect score for its audit and oversight committee and for maintaining a healthy liabilities to assets ratio. However, the lack of independent board members and significant shortcomings in transparency policies raise concerns about its governance.
Strengths of the organization include a strong program expense ratio, signaling effective allocation of funds towards its core mission. The organization excels in financial accountability concerning material diversion of assets, suggesting a commitment to ethical management of resources. However, the absence of policies related to conflict of interest, whistleblower protection, and proper documentation practices indicates weaknesses that could undermine its operational integrity.
The overall impression is that while the Local 57 Operating Engineers Apprenticeship & Skill Improvement Fund shows some commendable financial practices, its governance and transparency issues need substantial attention. Addressing these weaknesses could enhance its accountability and improve its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Local 57 Operating Engineers Apprenticeship & Skill Improvement Fund legitimate?
Local 57 Operating Engineers Apprenticeship & Skill Improvement Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Local 57 Operating Engineers Apprenticeship & 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: $205,034
Professional Fundraising Fees: $0
Other Salaries and Wages: $127,659
For more financial information, click here
What is the mission statement of Local 57 Operating Engineers Apprenticeship & Skill Improvement Fund?
The Local 57 Operating Engineers Apprenticeship & Skill Improvement Fund is committed to providing training opportunities for individuals entering the construction industry, helping them become fully-fledged journeypersons. The fund also focuses on upskilling existing journeypersons in the construction industry, offering them opportunities to further enhance their skills. The primary objective of this program is to educate apprentices and journeypersons, aiming to enhance their qualifications in the construction industry. This initiative serves to improve the overall proficiency and competence within the construction sector.
Who is the CEO of Local 57 Operating Engineers Apprenticeship & Skill Improvement Fund?
James J White is the Trustee of Local 57 Operating Engineers Apprenticeship & Skill Improvement Fund.
What is the revenue of Local 57 Operating Engineers Apprenticeship & Skill Improvement Fund?
Local 57 Operating Engineers Apprenticeship & Skill Improvement Fund's revenue in 2022 was $1,819,720.
Who are the executives of Local 57 Operating Engineers Apprenticeship & Skill Improvement Fund and what are their salaries?
The average compensation at Local 57 Operating Engineers Apprenticeship & Skill Improvement Fund during 2022 was $10,732. There are 31 employees at Local 57 Operating Engineers Apprenticeship & Skill Improvement Fund.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $165,760
- Other: $72,930
- Compensation: $103,414
- Related: $0
- Other: $74,827
- Compensation: $0
- Related: $102,263
- Other: $46,175
- Compensation: $66,581
- Related: $0
- Other: $47,759
- Compensation: $35,039
- Related: $0
- Other: $26,755
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Local 57 Operating Engineers Apprenticeship & Skill Improvement Fund?
Local 57 Operating Engineers Apprenticeship & Skill Improvement Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 57 Operating Engineers Apprenticeship & Skill Improvement Fund
The Local 57 Operating Engineers Apprenticeship & Skill Improvement Fund is committed to serving the construction industry by offering comprehensive training programs. Its primary mission is threefold: firstly, it aims to educate new entrants into the industry, providing them with the necessary skills to become fully-fledged journeypersons. Secondly, it focuses on the ongoing training of existing apprentices, helping them advance in their careers and become more proficient in their roles. Lastly, it offers skill improvement opportunities to journeypersons already established in the construction industry, allowing them to enhance their skills and stay competitive in the field. This program is dedicated to ensuring that individuals in the construction industry have the necessary education and training to excel in their roles, contributing to the overall growth and success of the sector.
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Impact
July, 2024
Local 57 Operating Engineers Apprenticeship & Skill Improvement Fund's impact is significant in providing apprenticeship training for individuals entering the construction industry, equipping them with the necessary skills to succeed. The program also focuses on training apprentices already in the industry to become qualified journeypersons, thus enhancing the overall skill level in the construction sector. Additionally, by offering skill improvement opportunities to journeypersons, the fund helps in advancing the expertise and career prospects of those already working in the industry. This initiative plays a crucial role in supporting employment and professional growth within the construction field.
This information is meant to be a general summary of Local 57 Operating Engineers Apprenticeship & 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,119
- Program Service Revenue: $1,735,520
- Gross Receipts: $1,819,720
Assets and Liabilities:
- Total Assets: $3,335,061
- Total Liabilities: $59,696
- Net Assets: $3,275,365
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Employer Contributions
Revenue
$1,735,520
Organization Details
Founding Year
1971
Phone
(401) 934-1555Principal Officer
James J White
Main Address
873 CENTRAL AVE, JOHNSTON, RI, 02919
NTEE Category
Code: J22I - Employment
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