Overview
What is General Society Of Mechanics And Tradesmen Of The City Of New York?
The General Society of Mechanics and Tradesmen of the City of New York is a distinguished nonprofit organization situated in the heart of New York City. Its primary mission is to operate a tuition-free technical evening school, offering a variety of programs and courses in the construction trade. The school typically accommodates around 170 students per semester. Beyond its educational offerings, the society serves as a cultural and educational resource center for individuals engaged in manual, technical, craft, and creative occupations. It disseminates literary and scientific knowledge through lectures and other means of intellectual improvement. The society also provides operating space for other like-minded nonprofit organizations with goals to preserve and promote the arts, culture, and history of tradesmen. Moreover, the organization is committed to maintaining its landmarked building, which is listed on the National Register of Historic Places. This iconic building serves as the venue for the society's educational and cultural programs and activities. With around 20 dedicated employees, the General Society of Mechanics and Tradesmen of the City of New York continues to contribute to the construction industry and the community at large.
Official website here: www.generalsociety.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The General Society of Mechanics and Tradesmen of the City of New York has achieved a Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization scored a remarkable 96% in its overall evaluation, demonstrating effective financial management and transparency. This high score is based entirely on its Accountability & Finance metrics.
Among the organization's strengths are its majority independent board members and robust financial practices. All board members are independent, earning full points in governance, while their thorough audit and oversight procedures indicate a commitment to transparency. The nonprofit also shows a healthy program expense ratio of 79.61%, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs.
While the organization’s metrics portray a strong financial structure and governance, there are no noted limitations or areas for improvement in the provided data. This indicates that the General Society of Mechanics and Tradesmen operates with a high level of integrity and effectiveness in its mission.
This AI summary has been generated from information found on Charity Navigator.
Is General Society Of Mechanics And Tradesmen Of The City Of New York legitimate?
General Society Of Mechanics And Tradesmen Of The City Of New York is a legitimate nonprofit organization registered as a 501(c)(3) entity. General Society Of Mechanics And Tradesmen Of The City Of New York 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: $364,646
Professional Fundraising Fees: $0
Other Salaries and Wages: $322,503
For more financial information, click here
Official website here: www.generalsociety.org
What is the mission statement of General Society Of Mechanics And Tradesmen Of The City Of New York?
The General Society of Mechanics and Tradesmen of the City of New York operates a tuition-free school, aiming to provide information and instruction to individuals involved in the construction trades. Their principal purpose extends beyond education, as they disseminate literary and scientific knowledge through lectures and various intellectual improvement methods. The society also maintains a cultural and educational resource center for individuals in manual, technical, craft, and creative occupations.
In addition to its primary objective, the society provides operating space for similar non-profit organizations with a focus on preserving and promoting arts, culture, and history related to tradesmen. Furthermore, the society takes care of its landmarked building, which is listed on the National Register of Historic Places, using it as a venue for its educational and cultural programs and activities.
Official website here: www.generalsociety.org
Who is the CEO of General Society Of Mechanics And Tradesmen Of The City Of New York?
James Holohan is the Executive Director of General Society Of Mechanics And Tradesmen Of The City Of New York.
Official website here: www.generalsociety.org
What is the revenue of General Society Of Mechanics And Tradesmen Of The City Of New York?
General Society Of Mechanics And Tradesmen Of The City Of New York's revenue in 2022 was $2,430,791.
Official website here: www.generalsociety.org
Who are the executives of General Society Of Mechanics And Tradesmen Of The City Of New York and what are their salaries?
The average compensation at General Society Of Mechanics And Tradesmen Of The City Of New York during 2022 was $34,357. There are 20 employees and 18 volunteers at General Society Of Mechanics And Tradesmen Of The City Of New York.
Here are 16 key members and their salaries:
- Compensation: $335,000
- Related: $0
- Other: $29,646
- Compensation: $130,000
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- Other: $12,511
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Official website here: www.generalsociety.org
Where can I find the form 990 for General Society Of Mechanics And Tradesmen Of The City Of New York?
General Society Of Mechanics And Tradesmen Of The City Of New York's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.generalsociety.org
Learn more at the official website: www.generalsociety.org
Mission Statement of General Society Of Mechanics And Tradesmen Of The City Of New York
The General Society of Mechanics and Tradesmen of the City of New York is dedicated to operating a tuition-free school and library. Its primary objective is to disseminate relevant information and provide instruction to individuals engaged in the New York building and construction trades. The society achieves this by hosting lectures, seminars, and other intellectual enrichment activities, thereby promoting the dissemination of literary and scientific knowledge.
Moreover, the General Society of Mechanics and Tradesmen of the City of New York serves as a cultural and educational resource center for individuals involved in manual, technical, craft, and creative occupations. Besides its educational endeavors, the society provides operational space to nonprofit organizations that share its objectives of preserving and promoting the arts, culture, and history of tradesmen.
In addition, the General Society of Mechanics and Tradesmen of the City of New York preserves and maintains its landmarked building, which is listed on the National Register of Historic Places. This iconic building is utilized to host educational and cultural programs and activities, further solidifying the society's commitment to its mission.
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Impact
July, 2024
General Society Of Mechanics And Tradesmen Of The City Of New York's impact can be seen through its commitment to providing a tuition-free school for the construction trades. The Mechanics Institute, a tuition-free technical evening school, offers a wide range of programs and courses to around 170 students per semester. By offering education and training in the building and construction trades, the society plays a vital role in equipping individuals with the skills and knowledge needed for success in these industries. Additionally, the society's cultural and educational resource center serves as a hub for intellectual improvement and the preservation of the arts, culture, and history of tradesmen. In essence, the society's initiatives contribute to the enhancement of the community by empowering individuals in manual, technical, craft, and creative occupations.
This information is meant to be a general summary of General Society Of Mechanics And Tradesmen Of The City Of New York. 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: $677,968
- Program Service Revenue: $40,685
- Gross Receipts: $9,533,264
Assets and Liabilities:
- Total Assets: $30,490,608
- Total Liabilities: $519,859
- Net Assets: $29,970,749
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LIBRARY FEES & SUBSCRIPTIONS
Revenue
$24,785
EDUCATION REVENUE
Revenue
$15,900
Organization Details
Founding Year
1785
Phone
(212) 840-1840Principal Officer
James Holohan
Main Address
20 WEST 44TH STREET 2ND FLOOR, NEW YORK, NY, 10036
Website
www.generalsociety.orgNTEE Category
Code: S41Z - Community improvement
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