Overview
What is Laborers Local 1298 Joint Apprenticeship & Training Fund?
Laborers Local 1298 Joint Apprenticeship & Training Fund is a nonprofit organization situated in Hempstead, New York, at 681 Fulton Avenue. Its primary mission is to offer apprenticeship, educational, and training benefits to eligible participants. This nonprofit aims to equip individuals with necessary skills and knowledge to excel in their chosen trades, contributing to their personal growth and the betterment of their respective industries. With a team of four dedicated employees, this organization is committed to fostering a skilled workforce and promoting professional development within its community.
What are the reviews and ratings of this charity?
Charity Navigator rating: 86%, Three-Star out of Four Star rating.
The Laborers Local 1298 Joint Apprenticeship & Training Fund has achieved a respectable Three-Star rating, reflecting solid performance in accountability and finance. Their score of 86 indicates effective management of financial resources and adherence to sound fiscal practices, although the overall rating is solely based on this category.
Strengths of the organization include high scores for their financial statements, material diversion of assets, and sound policies related to whistleblowing and conflict of interest. However, the charity falls short in terms of board independence, with no independent board members, and lacks transparency regarding their tax forms on their website, which may raise concerns among potential donors about accessibility to important information.
While the organization demonstrates a strong commitment to financial responsibility, enhancing board independence and improving online transparency regarding their financial documents could further bolster their credibility and trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Laborers Local 1298 Joint Apprenticeship & Training Fund legitimate?
Laborers Local 1298 Joint Apprenticeship & Training Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laborers Local 1298 Joint Apprenticeship & 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: $1,314,901
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,181
For more financial information, click here
What is the mission statement of Laborers Local 1298 Joint Apprenticeship & Training Fund?
The Laborers Local 1298 Joint Apprenticeship & Training Fund is dedicated to providing apprenticeship, educational, and training benefits to eligible participants. Its primary objective is to equip individuals with the necessary skills and knowledge required for their respective trades. By offering these benefits, the fund aims to contribute to the professional development and growth of its participants, thereby enhancing their employability and career prospects. The fund's activities are centered around fostering a conducive learning environment and providing the necessary resources to facilitate effective skill acquisition.
What is the revenue of Laborers Local 1298 Joint Apprenticeship & Training Fund?
Laborers Local 1298 Joint Apprenticeship & Training Fund's revenue in 2024 was $1,662,910.
Who are the executives of Laborers Local 1298 Joint Apprenticeship & Training Fund and what are their salaries?
The average compensation at Laborers Local 1298 Joint Apprenticeship & Training Fund during 2024 was $330,270. There are 4 employees at Laborers Local 1298 Joint Apprenticeship & Training Fund.
Here are 17 key members and their salaries:
- Compensation: $0
- Related: $443,046
- Other: $264,118
- Compensation: $0
- Related: $371,184
- Other: $229,882
- Compensation: $0
- Related: $320,376
- Other: $218,824
- Compensation: $0
- Related: $280,338
- Other: $210,821
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $240,463
- Other: $71,830
- Compensation: $0
- Related: $238,641
- Other: $71,830
- Compensation: $0
- Related: $149,651
- Other: $53,878
- Compensation: $0
- Related: $295,353
- Other: $218,188
- Compensation: $0
- Related: $359,755
- Other: $71,830
- Compensation: $288,087
- Related: $0
- Other: $71,830
- Compensation: $243,394
- Related: $0
- Other: $71,830
- Compensation: $219,054
- Related: $0
- Other: $71,830
- Compensation: $219,053
- Related: $0
- Other: $71,830
Where can I find the form 990 for Laborers Local 1298 Joint Apprenticeship & Training Fund?
Laborers Local 1298 Joint Apprenticeship & Training Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Laborers Local 1298 Joint Apprenticeship & Training Fund
Laborers Local 1298 Joint Apprenticeship & Training Fund is dedicated to offering apprenticeship, educational, and training benefits to eligible participants. The organization's primary objective is to equip individuals with the necessary skills and knowledge required in their respective trades. By providing these benefits, Laborers Local 1298 Joint Apprenticeship & Training Fund aims to contribute to the development of a skilled workforce, thereby enhancing the overall productivity and competitiveness of the industry. The mission of this nonprofit is centered around fostering growth and expertise among its participants, ultimately leading to personal and professional advancement.
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Impact
July, 2024
Laborers Local 1298 Joint Apprenticeship & Training Fund plays a vital role in providing apprenticeship, educational, and training benefits to eligible participants in the HEMPSTEAD, NY area. By offering structured programs and resources, the fund helps individuals gain valuable skills and knowledge that can lead to better career opportunities and economic stability. The impact of this initiative extends beyond individual beneficiaries, as a well-trained workforce contributes to the overall growth and development of the community. Through its focus on education and training, Laborers Local 1298 Joint Apprenticeship & Training Fund is instrumental in preparing individuals for success in the workforce and fostering a more skilled labor force in the region.
This information is meant to be a general summary of Laborers Local 1298 Joint Apprenticeship & 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 2024.
- Investment Income: $46,111
- Program Service Revenue: $1,616,799
- Gross Receipts: $1,662,910
Assets and Liabilities:
- Total Assets: $4,091,660
- Total Liabilities: $6,750
- Net Assets: $4,084,910
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER CONTRIBUTIONS
Revenue
$1,616,799
Organization Details
Founding Year
1996
NTEE Category
Code: B300 - Education
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