Overview
What is Finishing Trades Institute Of Southern New England Inc?
Finishing Trades Institute of Southern New England Inc, situated in Middletown, Connecticut, is a nonprofit organization dedicated to providing educational programs, on-site training, and continued skilled development for eligible members of District Council 11. Their mission encompasses maintaining a joint apprentice training program in both Connecticut and Rhode Island, prioritizing safety alongside their training efforts. With a team of 23 individuals, they aim to equip their members with the necessary skills to excel in their trades, ensuring they adhere to the highest safety standards.
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 Southern New England Inc has received a commendable Three-Star rating from Charity Navigator, reflecting a strong accountability and finance score of 86%. This rating indicates effective governance and transparency, with the organization meeting key benchmarks such as having an independent board and robust financial oversight practices.
Strengths highlighted include their 100% independent board membership and a well-documented whistleblower policy, which contribute to a high level of accountability. The organization also shows a healthy liabilities to assets ratio, indicating sound financial stability. Additionally, a significant portion of their expenses is directed towards programs, with a program expense ratio of 66.43%, suggesting a commitment to their mission.
However, while the financial indicators are strong, there is room for improvement in the program expense ratio, which is slightly below the ideal benchmark. This may suggest a need for the organization to enhance its programmatic impact relative to its total expenses. Overall, the Finishing Trades Institute is on solid ground, yet it can strive for greater efficiency in program delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Finishing Trades Institute Of Southern New England Inc legitimate?
Finishing Trades Institute Of Southern New England Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Finishing Trades Institute Of Southern New England Inc 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: $767,238
For more financial information, click here
What is the mission statement of Finishing Trades Institute Of Southern New England Inc?
The Finishing Trades Institute of Southern New England Inc is dedicated to maintaining a joint apprentice training program, making it accessible for eligible members of District Council 11. This organization provides a range of educational programs, on-site training, and continuous skilled development. Safety is a significant focus, ensuring that the tradespeople are well-equipped with the necessary safety measures. The primary goal is to enhance the skills and knowledge of its members, thereby contributing to the betterment of the trades industry.
Who is the CEO of Finishing Trades Institute Of Southern New England Inc?
Jason Werthman is the Management Trustee (P) of Finishing Trades Institute Of Southern New England Inc.
What is the revenue of Finishing Trades Institute Of Southern New England Inc?
Finishing Trades Institute Of Southern New England Inc's revenue in 2022 was $2,278,157.
Who are the executives of Finishing Trades Institute Of Southern New England Inc and what are their salaries?
The average compensation at Finishing Trades Institute Of Southern New England Inc during 2022 was $33,358. There are 23 employees at Finishing Trades Institute Of Southern New England Inc.
Here are 11 key members and their salaries:
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- Compensation: $104,815
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- Other: $50,795
Where can I find the form 990 for Finishing Trades Institute Of Southern New England Inc?
Finishing Trades Institute Of Southern New England Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Finishing Trades Institute Of Southern New England Inc
The Finishing Trades Institute of Southern New England Inc is committed to maintaining a Joint Apprentice Training Program in Connecticut and Rhode Island, specifically for eligible members of District Council 11. This organization's mission extends beyond just maintaining the program; it also provides educational programs, on-site training, continuous skilled development, and ensures safety for its members. This comprehensive approach aims to enhance the skills and competencies of its members, thereby contributing to the growth and development of the finishing trades industry.
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Impact
July, 2024
The Finishing Trades Institute Of Southern New England Inc's impact lies in providing a joint apprentice training program in Connecticut and Rhode Island for eligible members of District Council 11. By offering educational programs, on-site training, continued skilled development, and safety protocols, this institute plays a crucial role in shaping the future of tradespeople in the region. Through their dedication to maintaining high professional standards and ensuring the ongoing growth and safety of their members, this organization significantly contributes to the development of a skilled workforce in the construction industry.
This information is meant to be a general summary of Finishing Trades Institute Of Southern New England Inc. 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: $1,798
- Program Service Revenue: $1,670,036
- Gross Receipts: $2,279,734
Assets and Liabilities:
- Total Assets: $2,192,383
- Total Liabilities: $10,269
- Net Assets: $2,182,114
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,670,036
Organization Details
Founding Year
1998
Phone
(860) 613-0700Principal Officer
Jason Werthman
Main Address
79 BRADLEY ST, MIDDLETOWN, CT, 06457
NTEE Category
Code: B99 - Education
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