Overview
What is Building Trades Educational Benefit Fund?
The Building Trades Educational Benefit Fund is a nonprofit organization based in Garden City, New York, with a total of 19 employees. Their primary mission is to enhance the skills of participant electricians through education, training, and related benefits. They are committed to this cause, aiming to elevate the proficiency of electricians within their network. The Fund's activities and purpose are centered around improving the technical abilities of its members, ultimately contributing to the betterment of the electrical industry.
What are the reviews and ratings of this charity?
Charity Navigator rating: 39%, Zero-Star out of Four Star rating.
The Building Trades Educational Benefit Fund has received a low rating of 39% from Charity Navigator, which indicates significant concerns regarding its accountability and financial practices. The absence of independent board members raises questions about governance and oversight, impacting the organization's credibility. Although it performs well in some areas like financial statements and the presence of policies for conflicts of interest and whistleblower protections, these strengths are overshadowed by the overall governance issues.
Additionally, the organization has a very low program expense ratio of 24.88%, suggesting that a minimal portion of its funds is directed towards its stated educational programs. The liabilities to assets ratio is also concerning, standing at 5.74%, which may present potential financial risks. Furthermore, the lack of transparency is highlighted by the missing tax form and website, which diminishes trust and accountability.
While there are policies in place that indicate a framework for ethical operations, the overall performance in governance and financial efficiency suggests that donors and stakeholders may want to exercise caution when engaging with this nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Building Trades Educational Benefit Fund legitimate?
Building Trades Educational Benefit Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Building Trades Educational Benefit 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: $50,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $436,875
For more financial information, click here
What is the mission statement of Building Trades Educational Benefit Fund?
The Building Trades Educational Benefit Fund is dedicated to enhancing the skills of its participant electricians. Through various educational and training programs, the fund aims to provide related benefits, thereby equipping these electricians with the necessary knowledge and abilities to excel in their field. The mission of this organization is centered around improving the competence and proficiency of its participants, contributing to a more skilled workforce in the electrical industry.
Who is the CEO of Building Trades Educational Benefit Fund?
Eric Olynik is the Trustee of Building Trades Educational Benefit Fund.
What is the revenue of Building Trades Educational Benefit Fund?
Building Trades Educational Benefit Fund's revenue in 2022 was $1,150,895.
Who are the executives of Building Trades Educational Benefit Fund and what are their salaries?
The average compensation at Building Trades Educational Benefit Fund during 2022 was $25,625. There are 19 employees at Building Trades Educational Benefit Fund.
Here are 4 key members and their salaries:
- Compensation: $25,000
- Related: $115,000
- Other: $0
- Compensation: $25,000
- Related: $115,000
- Other: $0
- Compensation: $102,875
- Related: $0
- Other: $22,744
- Compensation: $180,543
- Related: $0
- Other: $20,021
Where can I find the form 990 for Building Trades Educational Benefit Fund?
Building Trades Educational Benefit Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Building Trades Educational Benefit Fund
The Building Trades Educational Benefit Fund is committed to enhancing the skills of its participant electricians. Through their mission, they provide essential education and training, along with related benefits. This initiative aims to significantly improve the competence and proficiency of the electricians involved, ensuring they remain at the forefront of their field. The Fund's activities are centered around the betterment of its members, ultimately contributing to the advancement of the electrical industry as a whole.
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Impact
July, 2024
The Building Trades Educational Benefit Fund directly impacts the skills and professional development of participant electricians by providing them with education, training, and related benefits. Through its programs and initiatives, the Fund equips electricians with the necessary knowledge and skills to succeed in the industry. By focusing on education and skill enhancement, the Fund plays a crucial role in advancing the capabilities and expertise of participant electricians, ultimately contributing to their career growth and the overall quality of work in the field.
This information is meant to be a general summary of Building Trades Educational Benefit 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: $72,158
- Program Service Revenue: $1,078,737
- Gross Receipts: $3,022,514
Assets and Liabilities:
- Total Assets: $5,555,466
- Total Liabilities: $319,311
- Net Assets: $5,236,155
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,078,737
Organization Details
Founding Year
1996
Phone
(516) 833-9300Principal Officer
Eric Olynik
Main Address
585 STEWART AVENUE 330, GARDEN CITY, NY, 11530
NTEE Category
Code: B99 - Education
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