Overview
What is Elevator Constructors Local No 1 Education & Apprentice Training Fund?
Elevator Constructors Local No 1 Education & Apprentice Training Fund is a nonprofit organization situated in Englewood Cliffs, New Jersey. Their primary focus is to offer educational and training programs for apprentices aiming to become elevator mechanics. Additionally, they provide opportunities for experienced mechanics to enhance their skills and learn innovative techniques. This organization's mission is solely dedicated to this purpose, with all funds used exclusively for these programs. The nonprofit boasts a team of 18 individuals committed to this cause.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 42%, Zero-Star out of Four Star rating.
The Elevator Constructors Local No 1 Education & Apprentice Training Fund has received a low overall rating of 42% from Charity Navigator, which indicates significant concerns about its accountability and financial practices. The organization boasts a fully independent board, achieving full marks in that area, and maintains proper financial audits. However, the overall score is heavily impacted by a lack of essential policies and transparency measures that are crucial for nonprofit operations.
Key strengths of the organization include its independent board members and regular audits, suggesting a commitment to governance. Nevertheless, the absence of critical documents such as a conflict of interest policy, whistleblower policy, and a documented retention and destruction strategy raises questions about its operational transparency and adherence to best practices. Additionally, the organization's website was noted to be missing from the tax form, which detracts from its accountability.
On the financial side, the organization has a concerning liabilities-to-assets ratio of 41.93% and a program expense ratio of only 41.68%, indicating potential financial instability and low investment in its core programs. These financial metrics, combined with the lack of transparency measures, contribute to a troubling assessment of the nonprofit's overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Elevator Constructors Local No 1 Education & Apprentice Training Fund legitimate?
Elevator Constructors Local No 1 Education & Apprentice Training Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elevator Constructors Local No 1 Education & Apprentice Training 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: $556,467
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Elevator Constructors Local No 1 Education & Apprentice Training Fund?
The Elevator Constructors Local No 1 Education & Apprentice Training Fund's mission is centered around providing educational and training opportunities. The primary objective is to prepare elevator apprentices to become competent elevator mechanics. Additionally, the fund offers courses to enhance the skills and teach new techniques to existing elevator mechanics. This is the sole purpose of the organization, with all revenue and expenses being allocated solely for this training program.
Who is the CEO of Elevator Constructors Local No 1 Education & Apprentice Training Fund?
Leonard Legotte is the Trustee of Elevator Constructors Local No 1 Education & Apprentice Training Fund.
What is the revenue of Elevator Constructors Local No 1 Education & Apprentice Training Fund?
Elevator Constructors Local No 1 Education & Apprentice Training Fund's revenue in 2022 was $1,904,585.
Who are the executives of Elevator Constructors Local No 1 Education & Apprentice Training Fund and what are their salaries?
The average compensation at Elevator Constructors Local No 1 Education & Apprentice Training Fund during 2022 was $30,915. There are 18 employees at Elevator Constructors Local No 1 Education & Apprentice Training Fund.
Here are 10 key members and their salaries:
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- Compensation: $189,267
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- Other: $86,232
- Compensation: $189,267
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- Other: $86,232
Where can I find the form 990 for Elevator Constructors Local No 1 Education & Apprentice Training Fund?
Elevator Constructors Local No 1 Education & Apprentice Training Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Elevator Constructors Local No 1 Education & Apprentice Training Fund
Elevator Constructors Local No 1 Education & Apprentice Training Fund is committed to fulfilling its purpose by offering training programs for both elevator constructor apprentices and experienced mechanics. The primary mission of this fund is to equip apprentices with the necessary skills to become competent elevator mechanics, and to provide opportunities for mechanics to enhance their expertise and learn advanced techniques. Through a range of educational courses, the fund aims to empower its participants with the knowledge and abilities required to excel in the elevator construction industry. The resources and expenditures of the organization are exclusively dedicated to serving this single program, ensuring that the fund remains focused on its mission to educate and train individuals in the field of elevator construction.
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Impact
July, 2024
The Elevator Constructors Local No. 1 Education & Apprentice Training Fund plays a crucial role in providing specialized training for elevator constructor apprentices, enabling them to progress to become skilled elevator mechanics. By offering courses that focus on both foundational knowledge and advanced techniques, the fund equips individuals with the necessary skills to excel in their field. This commitment to education not only benefits the apprentices themselves but also contributes to the overall quality and safety of elevator construction and maintenance. Through its focused mission, the fund helps elevate the standard of expertise within the industry, ensuring that professionals are well-prepared to meet the demands of their trade.
This information is meant to be a general summary of Elevator Constructors Local No 1 Education & Apprentice Training 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: $15,259
- Program Service Revenue: $1,822,225
- Gross Receipts: $1,987,316
Assets and Liabilities:
- Total Assets: $3,853,171
- Total Liabilities: $1,615,763
- Net Assets: $2,237,408
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,757,525
WELDER TRAINING INCOME
Revenue
$37,700
RECEIPTS FROM NEIEP
Revenue
$27,000
Organization Details
Founding Year
2000
Phone
(201) 592-6800Principal Officer
Leonard Legotte
Main Address
140 SYLVAN AVENUE 303, ENGLEWOOD CLIFFS, NJ, 07632
NTEE Category
Code: B99 - Education
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