Overview
What is Local 138 138A & 138B Iuoe Apprentice Training Fund?
Local 138 138A & 138B Iuoe Apprentice Training Fund is a nonprofit organization established in Farmingdale, New York. With a modest workforce of 16 individuals, their primary focus is to provide educational and skill enhancement training facilities for eligible members. The organization's mission centers around empowering its members with improved skills and knowledge, ensuring they remain competitive in their respective fields. By offering such opportunities, the Local 138 138A & 138B Iuoe Apprentice Training Fund aims to contribute positively to its members' personal and professional growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The Local 138 138A & 138B Iuoe Apprentice Training Fund has received a solid Three-Star rating from Charity Navigator, primarily based on its strong performance in Accountability and Finance with a score of 86%. This rating highlights the organization’s commitment to transparency and responsible financial practices, which is crucial for gaining the trust of its stakeholders and beneficiaries.
One of the key strengths of this nonprofit is its governance structure, with 55% of board members being independent, ensuring unbiased oversight. The organization also excels in financial management, as evidenced by its low liabilities to assets ratio of 3.33% and a high program expense ratio of 78.73%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs.
However, while the financial practices and governance of the Local 138 138A & 138B Iuoe Apprentice Training Fund are commendable, the rating reflects a singular focus on financial metrics without assessing programmatic impact. Future evaluations might benefit from including outcomes and effectiveness measures to provide a more comprehensive view of the organization's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Local 138 138A & 138B Iuoe Apprentice Training Fund legitimate?
Local 138 138A & 138B Iuoe Apprentice Training Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Local 138 138A & 138B Iuoe 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: $231,416
Professional Fundraising Fees: $0
Other Salaries and Wages: $309,300
For more financial information, click here
What is the mission statement of Local 138 138A & 138B Iuoe Apprentice Training Fund?
The Local 138 138A & 138B IUOE Apprentice Training Fund is dedicated to providing educational and skill improvement training facilities for eligible members. Their primary mission is to foster the growth and development of these members by offering appropriate educational resources and enhancing their skills. This organization aims to equip its members with the necessary tools to excel in their respective trades, ultimately contributing to their professional success. By offering these facilities, the Fund seeks to empower its members and strengthen the workforce within their industry.
Who is the CEO of Local 138 138A & 138B Iuoe Apprentice Training Fund?
John Duffy is the Trustee of Local 138 138A & 138B Iuoe Apprentice Training Fund.
What is the revenue of Local 138 138A & 138B Iuoe Apprentice Training Fund?
Local 138 138A & 138B Iuoe Apprentice Training Fund's revenue in 2022 was $2,163,863.
Who are the executives of Local 138 138A & 138B Iuoe Apprentice Training Fund and what are their salaries?
The average compensation at Local 138 138A & 138B Iuoe Apprentice Training Fund during 2022 was $33,795. There are 16 employees at Local 138 138A & 138B Iuoe Apprentice Training Fund.
Here are 14 key members and their salaries:
- Compensation: $0
- Related: $354,805
- Other: $83,634
- Compensation: $0
- Related: $287,732
- Other: $99,643
- Compensation: $0
- Related: $283,849
- Other: $98,964
- Compensation: $0
- Related: $286,147
- Other: $100,139
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $284,054
- Other: $98,964
- Compensation: $231,416
- Related: $0
- Other: $77,833
- Compensation: $256,969
- Related: $0
- Other: $78,191
- Compensation: $0
- Related: $283,867
- Other: $98,964
- Compensation: $189,910
- Related: $0
- Other: $64,784
- Compensation: $174,431
- Related: $0
- Other: $70,349
- Compensation: $0
- Related: $102,479
- Other: $35,484
Where can I find the form 990 for Local 138 138A & 138B Iuoe Apprentice Training Fund?
Local 138 138A & 138B Iuoe Apprentice Training Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Local 138 138A & 138B Iuoe Apprentice Training Fund
Local 138 138A & 138B Iuoe Apprentice Training Fund is committed to offering educational and skill enhancement training facilities to eligible members. This nonprofit organization's mission is centered around providing a conducive learning environment where members can improve their skills and further their education. By doing so, Local 138 138A & 138B Iuoe Apprentice Training Fund aims to empower its members, equipping them with the necessary tools to excel in their respective fields. The organization's focus on skill improvement and education is a testament to its dedication to the personal and professional growth of its members.
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Impact
July, 2024
Local 138 138A & 138B Iuoe Apprentice Training Fund's impact is significant in providing educational and skill improvement training facilities for eligible members. By offering this training, the fund equips its members with the necessary knowledge and expertise to succeed in their careers. This not only benefits the individual members by enhancing their skills and employability but also contributes to a more skilled and qualified workforce in the industry. In turn, this can lead to increased job opportunities and economic growth in the community.
This information is meant to be a general summary of Local 138 138A & 138B Iuoe 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: $1,287
- Program Service Revenue: $2,016,576
- Gross Receipts: $2,163,863
Assets and Liabilities:
- Total Assets: $2,557,064
- Total Liabilities: $129,519
- Net Assets: $2,427,545
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIB
Revenue
$1,996,013
DONATED TRAINING EQUIP
Revenue
$20,563
Organization Details
Founding Year
1963
Phone
(631) 592-5725Principal Officer
John Duffy
Main Address
PO BOX 206 137 GAZZA BLVD, FARMINGDALE, NY, 11735
NTEE Category
Code: J22 - Employment
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