Overview
What is General Building Laborers' Local 66 Training Fund?
General Building Laborers' Local 66 Training Fund is a nonprofit organization situated in Melville, New York. Their primary mission is to offer training, skill enhancement, and safety education to eligible participants. This includes providing scholarship awards to the dependent children of these eligible participants. The organization aims to equip its participants with the necessary skills and knowledge to ensure safety in their work, thereby contributing to their professional growth. With a team of eight dedicated individuals, General Building Laborers' Local 66 Training Fund is committed to empowering its members and their families.
Official website here: www.l66funds.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The General Building Laborers' Local 66 Training Fund has achieved an impressive score of 96%, reflecting strong accountability and financial health. This rating is solely based on a comprehensive evaluation of their financial practices, indicating that they maintain high standards in governance and transparency. With a majority of independent board members and robust financial oversight, the organization demonstrates a commitment to ethical management.
Key strengths include a perfect score in Accountability & Finance metrics, showing that the organization effectively manages its resources, with a program expense ratio of approximately 74.51%. This suggests that a significant portion of their funding is directed toward their training programs, which is essential for fulfilling their mission. Additionally, there are no reported issues with asset diversion, underscoring the integrity of their financial operations.
While the organization excels in several areas, the data does not highlight any specific limitations or challenges faced by the General Building Laborers' Local 66 Training Fund. Overall, the high rating indicates a well-managed nonprofit dedicated to its mission, making it a reliable choice for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is General Building Laborers' Local 66 Training Fund legitimate?
General Building Laborers' Local 66 Training Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. General Building Laborers' Local 66 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $208,191
For more financial information, click here
Official website here: www.l66funds.com
What is the mission statement of General Building Laborers' Local 66 Training Fund?
The General Building Laborers' Local 66 Training Fund is committed to providing training, skill enhancement, and safety education to eligible participants. Additionally, this organization offers scholarship awards to the dependent children of eligible participants. Its mission is aimed at equipping individuals with the necessary skills and knowledge for their profession, while also providing financial assistance to the families of those who qualify.
Official website here: www.l66funds.com
Who is the CEO of General Building Laborers' Local 66 Training Fund?
Stephen Flanagan is the Union Trustee of General Building Laborers' Local 66 Training Fund.
Official website here: www.l66funds.com
What is the revenue of General Building Laborers' Local 66 Training Fund?
General Building Laborers' Local 66 Training Fund's revenue in 2023 was $836,728.
Official website here: www.l66funds.com
Who are the executives of General Building Laborers' Local 66 Training Fund and what are their salaries?
The average compensation at General Building Laborers' Local 66 Training Fund during 2023 was $26,024. There are 8 employees at General Building Laborers' Local 66 Training Fund.
Here are 11 key members and their salaries:
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- Related: $133,218
- Other: $61,537
- Compensation: $120,767
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- Other: $61,537
Official website here: www.l66funds.com
Where can I find the form 990 for General Building Laborers' Local 66 Training Fund?
General Building Laborers' Local 66 Training Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.l66funds.com
Learn more at the official website: www.l66funds.com
Mission Statement of General Building Laborers' Local 66 Training Fund
The General Building Laborers' Local 66 Training Fund is committed to providing eligible participants with essential training, skill improvement, and safety education. This mission extends beyond the individuals themselves, as the fund also offers scholarship awards to the dependent children of these eligible participants. By doing so, the General Building Laborers' Local 66 Training Fund aims to not only enhance the skills and safety awareness of its participants but also support the future education of their families. This multifaceted approach demonstrates the fund's dedication to the holistic well-being of its community.
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Impact
July, 2024
General Building Laborers' Local 66 Training Fund's impact is significant in providing training, skill improvement, and safety education to eligible participants. By offering these opportunities, the fund equips individuals with the knowledge and expertise needed to excel in the construction industry. Additionally, the fund's provision of scholarship awards to the dependent children of eligible participants further contributes to the development and advancement of future generations. This organization's efforts not only enhance the skills and capabilities of individuals within the industry but also support the educational aspirations of their families, creating a positive ripple effect within the community.
This information is meant to be a general summary of General Building Laborers' Local 66 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 2023.
- Investment Income: $21,052
- Program Service Revenue: $764,518
- Gross Receipts: $836,728
Assets and Liabilities:
- Total Assets: $1,195,702
- Total Liabilities: $33,975
- Net Assets: $1,161,727
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYERS CONTRIBUTION
Revenue
$764,518
Organization Details
Founding Year
1986
Phone
(631) 454-2330Principal Officer
Stephen Flanagan
Main Address
1600 WALT WHITMAN ROAD, MELVILLE, NY, 117470667
Website
www.l66funds.comNTEE Category
Code: B30 - Education
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