Overview
What is Plumbers Local Union No 1 Trade Education Fund?
Plumbers Local Union No 1 Trade Education Fund is a nonprofit organization situated in Long Island City, New York. Its primary focus is on operating and maintaining a trade school, specifically for apprentices and journey-level plumbers and pipe fitters. This educational establishment serves as a platform for these professionals to enhance their skills and advance in their respective trades. The mission of this organization is deeply rooted in the development and improvement of the plumbing and pipe fitting industry.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 82%, Three-Star out of Four Star rating.
The Plumbers Local Union No 1 Trade Education Fund has an overall score of 82%, reflecting strong performance in Accountability & Finance. This rating indicates a well-managed organization that prioritizes transparency and responsible financial practices, which is crucial for donor trust and sustainability.
One of the notable strengths of this nonprofit is its governance structure, featuring a fully independent board, which contributes to unbiased decision-making and oversight. The organization excels in financial accountability, with high scores in areas such as audit oversight and a solid liabilities-to-assets ratio, demonstrating fiscal health and stability.
While the overall score is commendable, the rating is solely based on Accountability & Finance, which means there may be less information available regarding program effectiveness or impact. Future assessments could benefit from additional metrics to provide a fuller picture of the organization’s overall performance and the outcomes of its educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Plumbers Local Union No 1 Trade Education Fund legitimate?
Plumbers Local Union No 1 Trade Education Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Plumbers Local Union No 1 Trade Education 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: $305,001
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,640,622
For more financial information, click here
What is the mission statement of Plumbers Local Union No 1 Trade Education Fund?
The Plumbers Local Union No 1 Trade Education Fund's mission is centered around the operation and maintenance of a trade school. This institution is specifically designed to cater to the educational needs of apprentices and journeymen in the plumbing and pipe fitting trade. The primary goal of this organization is to provide a conducive learning environment for these individuals, facilitating their growth and development within their respective trade. The trade school plays a crucial role in equipping these professionals with the necessary skills and knowledge required to excel in their careers.
Who is the CEO of Plumbers Local Union No 1 Trade Education Fund?
Paul O'Connor Eugene Bo is the Trustee of Plumbers Local Union No 1 Trade Education Fund.
What is the revenue of Plumbers Local Union No 1 Trade Education Fund?
Plumbers Local Union No 1 Trade Education Fund's revenue in 2022 was $6,432,489.
Who are the executives of Plumbers Local Union No 1 Trade Education Fund and what are their salaries?
Here are 15 key members and their salaries:
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- Related: $184,276
- Other: $80,906
Where can I find the form 990 for Plumbers Local Union No 1 Trade Education Fund?
Plumbers Local Union No 1 Trade Education Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Plumbers Local Union No 1 Trade Education Fund
Plumbers Local Union No 1 Trade Education Fund is dedicated to the operation and maintenance of a trade school, providing essential education and training for apprentices and journey-level plumbers and pipe fitters. The organization's mission is centered around nurturing the development of skilled professionals in the plumbing and pipe fitting industry, ensuring that these trades remain vital and up-to-date. By operating and maintaining this trade school, Plumbers Local Union No 1 Trade Education Fund is committed to advancing the careers of its students, thereby strengthening the workforce and contributing to the overall success of the plumbing and pipe fitting sector.
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Impact
July, 2024
Plumbers Local Union No 1 Trade Education Fund plays a crucial role in providing education and training for apprentices and journeymen in the plumbing and pipe fitting trade. By operating and maintaining a trade school, this organization equips individuals with the skills and knowledge necessary to succeed in this industry. Ultimately, their impact can be seen in the increased employment opportunities and professional growth of those who benefit from their programs.
This information is meant to be a general summary of Plumbers Local Union No 1 Trade Education 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: $148,740
- Program Service Revenue: $5,753,407
- Gross Receipts: $10,488,824
Assets and Liabilities:
- Total Assets: $18,932,738
- Total Liabilities: $5,683,881
- Net Assets: $13,248,857
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$5,753,407
Organization Details
Founding Year
1983
Phone
(718) 835-2700Principal Officer
Paul O'Connor Eugene Bo
Main Address
50-02 5TH STREET 2ND FLOOR, LONG ISLAND CITY, NY, 11101
NTEE Category
Code: J40Z - Employment
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